Market Profile Context and Vision Today

The Market Profile context set the agenda for my start today in the DAX. These same techniques apply to the ES and other markets.


The DAX opened gap down and I was looking to sell the DAX, as my vision was for more bearishness in the opening. Price rallied to the VAL of yesterday and gave me a great sell confirmed by my Range bar chart. The trade unfolded and I scaled out. There were pullbacks that allowed me to reload what I had scaled, resulting in me carrying an almost full position for most of the move down. I have untoggled the TPOs in the Profile so you can see the move down better.