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Futex Market Profile Course

This document discusses various market profile patterns that can be used to identify support, resistance, and trends in futures markets. Key patterns include: pink lines indicating low volume levels; value areas from previous days acting as support/resistance; neutral, trend, and double distribution day patterns; and open drive, open test drive, and open rejection reverse patterns at market opens. It also notes that 20% of open drives result in trends, while 80% see price balancing, and that shifting points of control can indicate acceptance of new value areas.

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Alvin Phuong
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424 views

Futex Market Profile Course

This document discusses various market profile patterns that can be used to identify support, resistance, and trends in futures markets. Key patterns include: pink lines indicating low volume levels; value areas from previous days acting as support/resistance; neutral, trend, and double distribution day patterns; and open drive, open test drive, and open rejection reverse patterns at market opens. It also notes that 20% of open drives result in trends, while 80% see price balancing, and that shifting points of control can indicate acceptance of new value areas.

Uploaded by

Alvin Phuong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Futex Market Profile

Pink line at the start of single prints - low volume level - strong support/resistance

Also use volume profile (not TPO) low volume nodes for low vol areas:

Closing outside of current day value area makes previous day value area high/low
strong support/resistance the next day:
Normal variation day - starts outside of prev day value area, extends beyond initial
balance on one side by at least 2x IB - usually b or p shaped distribution

Neutral day (center) - failed extension to one side of IB, reverse to other side of IB,
failed extension to other side, balance between buyers and sellers

Neutral day (extreme) - failed extension to one side of IB, reverse to other side of IB,
successful extension to other side

Non trend day - narrow range - can signal trend or large range the following day(s)

Trend day - small IB, range extension occurs early and continues - several signal
print sections

Double distribution day - two areas of rotation with area of single prints between

Initiative selling at first. Then buyers bring price back up. Sellers couldn't lower
price further. Indicates the low has been reached. Maybe look for longs.
Open drive- price drives in one direction from high or low and never returns

20% of the time will result in trend. 80% price will balance

Open test drive - Market tests beyond key level at open, volume dries up, rejects
with initiative. Reversal holds as extreme of day, often results in trend or normal
variation day

Open rejection reverse - less conviction than open test drive. Reverse level only
holds as extreme of day 50% of the time.

Open auction (in range) - rotates within range

Open auction (outside of range) - potential for big move in one direction

Shifting POC - acceptance of new value

Ledge - bad high/low - will usually get filled

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