September 1, 2011 – 10:14 pm | by trader
This is the market profile from august 31:
1229.50 b
1229.25 b
1228.75 b
1228.50 b
1228.25 c
1227.75 bc
1227.50 bc
1227.25 bc
1227.00 bc
1226.75 bc
1226.50 abc
1226.25 abc
1226.00 ch
1225.75 abc
1225.50 abc
1225.25 abc
1225.00 bch
1224.75 abh
1224.50 dh
1224.25 acdg
1224.00 adgh
1223.75 dgh
1223.50 adgh
1223.25 acdgh
1223.00 adghi
1222.75 dfgh
1222.50 dfghi
1222.25 adfghi
1222.00 dghi
1221.75 defghi
1221.50 defghi
1221.25 efhi
1221.00 adefhi
1220.75 adefh
1220.50 aem
1220.25 def
1220.00 efim
1219.75 adei
1219.50 adeim
1219.25 adefim
1219.00 dei
1218.75 0fm
1218.50 aefj
1218.25 aijm
1218.00 efi
1217.75 eijkm
1217.50 fjm
1217.25 j
1217.00 jk
1216.75 jk
1216.50 jk
1216.25 jkl
1216.00 klm
1215.75 jm
1215.50 jklm
1215.25 m
1215.00 jkm
1214.75 klm
1214.25 klm
1214.00 km
1213.50 k
1213.25 kl
1213.00 km
1212.75 km
1212.50 l
1212.25 km
1212.00 kl
1211.75 l
1211.50 kl
1211.25 kl
1211.00 l
1210.50 l
1210.00 kl
1209.75 l
1209.00 l
1208.75 l
1208.25 l
this was a perfect normal distribution day, a late excursion to the lows at “k” period was followed with a movement to the center of the range in responsive action. After a day like this we can expect more indecision for the next one or a more directional day. As we were in a short term uptrend, August 31 could be the end of the up movement and start some lower trading.
The complete profile for today activity(sep 31) was a double distribution day:
1228.50 b
1226.75 b
1226.50 b
1226.00 b
1225.75 b
1225.00 b
1224.25 b
1224.00 b
1223.50 b
1223.25 b
1222.75 b
1222.50 b
1222.25 b
1222.00 b
1221.75 b
1221.50 c
1221.25 b
1221.00 bc
1220.75 b
1220.25 c
1220.00 ac
1219.75 bc
1219.50 abe
1219.25 bce
1219.00 cefg
1218.75 ceg
1218.50 cefg
1218.25 cefg
1218.00 acefg
1217.75 defg
1217.50 0acdfg
1217.25 cefg
1217.00 acdefg
1216.75 acdefg
1216.50 acdeg
1216.25 adefg
1216.00 adf
1215.75 adfg
1215.50 deg
1215.25 ag
1215.00 dh
1214.75 adgh
1214.50 ah
1214.25 dhi
1214.00 ad
1213.75 bdh
1213.50 dhi
1213.25 ahi
1213.00 ahi
1212.75 hi
1212.50 ah
1212.00 a
1211.75 hi
1211.25 i
1211.00 i
1210.00 i
1209.75 ik
1209.50 ik
1209.25 ik
1209.00 ik
1208.75 ik
1208.50 kl
1208.25 k
1208.00 ikl
1207.75 il
1207.50 ijkl
1207.25 jk
1207.00 ijkl
1206.75 jlm
1206.50 kl
1206.25 jlm
1206.00 jlm
1205.75 jlm
1205.50 jlm
1205.25 jlm
1205.00 jlm
1204.75 jlm
1204.50 jm
1204.25 lm
1204.00 m
1203.50 m
1203.25 m
1203.00 m
The market created value at the highs during the first half of the day. Then, the sentiment changed and market moved lower, market formed value in the lows accepting the new levels.
As the jobs data will be released tomorrow longer term investors don’t want to keep their long positions in front of it so they close them making the market trade lower.
Tags: Market Profile, market profile double distribution, market profile futures, market profile normal day, markets in profile, value area, value area trading, value trading
