Thursday, August 16, 2012

Just for fun...where would the bottom of value be (ie too low)

Because stocks are screaming today (short covering from that mongo short base perhaps? EURUSD strength perhaps?) and treasuries are getting pushed down a bit...what would our Market Profile guesses say?

With 132-16+ as the ZN mode...that would make 132-10 the bottom of the current value area.  Trade near that level should bring in buyers to take us back to the center 132-16+ center of value (at least once).  However, caution dictates either just being an observer, or playing very this model prefers trading during the overnight session, rather than during NY hours.  Just food for thought.  Still just observing over here.

1 comment:

  1. imo, revisiting onl at 05 would be an interesting level new lws made during o/n usually get revisited during rth