Trade of the Day

The attached trade “made my day” as I put on a large amount of contracts as I felt it was a good probability trade location. And, I managed the trade well to the upside with the majority of my contracts being sold at the 40.00 for a full 3 points of profit. Again, this effort produced a decent three points. The reason for the trade at 1836.25 is floor traders pivot level. Trader Don called out 1836.50 as the virgin time and volume POC from a previous bracket and later called out 1836.50 as the weekly VWAP.

Study the rotation closely on the low and you can see how the volume imbalance colors flow from red to green and help make it easier for you to believe in and take the trade.


Trade Example of the Day from January 27th

Combining Market Profile with the Footprint Chart