Order Flow pattern – Unfinished Business

Unfinished business is one of the basic order flow patterns. It is also very easy for recognition when you use tradeWinger Order Flow Chart. There is even special green/red cirle on exact price level indication included. What is unfinished business? In market theory, it is the situation where there is imbalance in market auction between buyers and seller on highest or lowest price level on the current block ofRead more

Read more

EUR/USD Weekly Profile Levels

This week the EUR/USD forex currency pair penetrated last week’s trading range and the market reached a range of 1.1700. This move, which was a reaction to the results of the German elections, formed a one-month market low. However both on Wednesday and Thursday market bounced at this low level and returned above the 1,1800 price and closed the trading week around this area. Significant spot forex market profileRead more

Read more

Market Profile simple strategy

A) For a declining (bearish) trend In case a new session opens within Value Area (an area of 70% sessions´ volume), then it is good to enter the short position on the VAH along with a stop loss order on the previous sessions´ POC. See the picture below.     B) For a growing (bull) trend A similar bull market situation allows you to open a long position onRead more

Read more

How to use Market Profile when trading

If you want to start using Market Profile in your trading, you should start with the following essentials: Point of control (maximum value of volume traded at a certain price) Value area high (upper limit of 70% equilibrium area); Value area low (lower limit of 70% equilibrium area). Examples of Market Profile patterns 1. For a declining (bearish) trend If the current trading session opens below the yesterday´s VALRead more

Read more