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Step 1: Marking the Level @ HTF, by using simple Horizontal lines ( Red and Blue Colour variation used)
Lets Consider this as a framework, Mostly Market 'll trade in between this frame work, If breaks price 'll enter into new frame work.
Step 2: After Marking the Level @ HTF, Switch over to Trading TF (15 mnts) and Lower TF(3 mnts) Chart, to point out previous SH/SL and HH/LL
Step 3 : After Multiple Timeframe analysis. 've to wait for Trade set up. There's 2 types of Trade set up
1. With Trend (Continuous )
2. Counter Trend (Reversal)
Yawaniga
Can you help answer these questions from other members on NexusFi?
Find the Average Price of Previous Day High and Day Low,
DH - 4666
DL - 4558
Average - 4612 (DH+DL/2)
So POC Value for Current Trading Day - 4612 (Point of Control), Same Value derived by Market Profile POC.
Based on POC, 've to define the trend, (i.e) below POC Value (4612) prefer Short trades,above POC prefer long trades only.
05.11.18 Gap down Open based on Friday NYMEX Close.