he author demonstrates how Market Profile, combined with technical indicators can improve trade profitability. "Market Profile reveals several factors that provide you with an idea of the trading activity taking place in the markets. Monitoring the market action will enable you to determine the type of day that is developing, whether a price trend has started, what the value area is, the type of activity (initiative or responsive) taking place, whether the activity is continuing or changing from the previous day, and whether the market is trending or bracketing. Combining Market Profile with indicators such as moving averages can help you create a successful trading strategy."
Jayanthi Gopalakrishnan dispels the worry that individual traders will never be able to compete with floor traders. In this article reprinted from Technical Analysis of Stocks and Commodities Magazine, the author assures the reader that success in the market is achievable for the independent trader ... download the eBook to read more
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