Volume Profile and Market Profile a new wave of market picture

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XRAY27

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crap nifty dancing between POC and VAL all day :mad:
yes !!! eye balls are out from sockets watching :mad:..but this is part of nifty baba game plan :lol:..lets see today !!!

Patience is must in trading and no frustrated trades at any cost,which will only keep us ticking and earning ... :)
 

XRAY27

Well-Known Member
How your VAL-VAH-POC concept is different from pratapvb bhai's VAL-VAH?
dono ek hi hai kya?
aja babu !!! there is no relation between MP and pratap sir vwap bands...

entire subject is different ,in fact pratap sir is using MP terminology !!!

Below is his post !!!
Day's vwap with SD lines

here the SD lines start afresh at the beginning of day. So we need to give it some time like say to half an hour + like say to 9.45-10 atleast to use this for bias

some of the terms are borrowed from Market profile
so using the previous day vwap as POC (point of control) and previous day -1SD to +1SD (at close) as the Value Area. VAH Value area high and VAL value are low. Basically what we are saying is that approximately 70% of the trading previous day happened in thsi area, so if today also trading in this area then there is no new information that is pushing the market in any one direction.

Above VAH there is long bias and below VAL there is short bias

then today's price action that is today's Vwap+SD says what the market is doing with the new information. Above +1SD there is a strong up trend and below -1SD there is a strong down trend. If above VAH then between -1SD and +1SD there is a bull bias and if below VAL then between -1SD and +1SD there is a bear bias
 

XRAY27

Well-Known Member
Swing: Another NTD



Intra:Day open was out side VA but,excess low was spotted with in first 3 mins and basing on 80% rule waiting for completion of IB ,Thank God intraday high was not broken :D otherwise would have been a SL trade,but failure above IB and cracking below weekly VAH offered a good short and eventually only intraday trade for this day !!!

 
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