Where and When

Peggy Lee had a song, "Where or When". For me, trading is "where" and "when". The two pics below each give at least three or four great trades with a couple of hours: the ES and the ZB, both great markets. The MP provides the "where". I mark up my Profile before the RTH market opens and I know in advance where I will do biz. I then use order flow to provide the"when" component of the equation.

 

 Two completely different markets but similar patterns and similar opportunities. Market Profile is probably the greatest tool devised. It is perfect of telling me the "where". I can use it for the "when" out of the box but by using order flow charts, Volume Imbalance charts as marketDelta calls them, I can get an even higher win rate and more profit.

I'm in Dubai again this week enjoying the sun. Australia is still a little too far for a week's break but hopefully the planes are getting faster.