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 on VAL. Similarly, the POC of the previous session is used as stop loss. Let´s take a look at the picture below.
This strategy is not difficult to understand. However, you should always consider the distance of previous sessions´ POC and possible risk to reward ratio. The situation is clearly viewed on tradeWinger visualizations Volume Profile and Market Profile Plus as you can see on the picture below: