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No, that is a part of it, but not all of it. And maybe explaining it will be good for both of us.
There is always more than one chart in front of me.
Having an expectation of whether to go with a move or fade a move is a huge edge.
Having some expectation of distance maximizes return per trade.
Market profile is only another piece in a larger puzzle.
Without some greater view of where I am headed, I have no goal of improvement. Some energy must go towards progressing.
The "gas" was burned up by repeated attempts and repeated frustration of not having taken the scalp profit, but the day type was already determined by that point in the day. Once C period completed that part was over with.
Where I was "wrong" was I thought the B period excess would hold.
The selling absorbtion that hit at the pit close was intense. It was like sell orders were all crowded on top of each other at the HOD, and price could not make it one tick above it. Even though, I don't see it on the footprint. More like targets.
My expectation is that integrating market profile and the concept of value into my trading will give me some benchmark to gauge when I should hold for longer profits and when I should go for a smaller target. The total efficiency of my trades would improve. And with that developing knowledge, my Profit Factor will go up.
The end goal being that I become comfortable trading greater size due to the resulting lowered equity volatility.
@r3algood, a question for you: what does it mean to you to "trade the chart in front of you?" Can you be more specific? It is an oft-repeated cliche in trading, but I'd like to hear some more concrete ideas about this if you will.
It will split or merge wherever. Very cool feature. In the CBOT guide to market profile they keep a long term view that I built in Excel, but then realized I can do something similar by merging.