Here is another example of using volume profile in your day trading to imagine based on sound principles where the market might be going. Once you have that premise or hypothesis in place, the next thing to do is monitor your day trading chart for entries that direction. This is what I thought of CL all morning long – a balanced D shape that could be a nice looking b shape at the end of the day. Here is a shot of my visualization before the climb:
As you watch the video, I highlight an area I feel the market will be heading to and a good place to look for rejection – just above the 97 figure. As it turned out I was long into the area and then took a quick 20 tick short using DotTrader. Please enjoy the video and if you’re not seeing success in your trading – come join us!