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[Q&A]: What is auction context and how can it help you?

Market Profile Examples, Profiling Essentials, Q&A Sessions, Video, Webinars

Part of our weekly Q&A series.

We began the discussion with a look at how to use the profile to determine the context of the auction. 

Then we opened the floor to questions.

Additional questions asked and answered:

  • What statistics does IRT provide for Profile, say for the ES? I know you have provided a 17% number for 1.5XIB for example.
  • What timeframes context (5 days, 20 days or 6 months) is the market involving… ie. the current price is at the values area in 6 months or longer charts?
  • How much % do you put on human behavior to a stat? 97% ONH/low is broke but when you put a trader behind the setup maybe that stat is only 65% maybe 45%. What % factor do you discount away from 97% as far as market pyschology goes.
  • Question to the both of you: what did you do right this week? What did you do wrong? What can you do better?
  • How do you deal with variable payouts of the market, some days you lose money some weeks you make some months your break even?
  • How is “short squeeze, wash and rinse etc..” price actions in market auction context
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