We’ve heard from a lot of our traders that the 6-Candle rule has completely transformed their trading and given them more confidence in their decisions. This rule will take some discipline to implement, but it can be a total game changer in your trade management.
The market profile isn't just another tool to help establish levels. It also helps you from falling out of sync with your market which causes the wrong trades to be taken or mis-timing of trades and mis-management of expectations.
Many traders tend to exhaust themselves, disproportionately focusing on their outcomes. Here's why traders should focus more on what they can control, the process, and less on what they can’t control, the outcome.
A market profile poor high indicates that a market has been forcibly prevented from moving higher and that the auctioning process hasn’t been completed. This has recently happened in WTI Crude Oil futures, specifically within the price range of $43.22-$43.28.