Forexpro23
New Member
Theory:
Market Profile Singles :
Singles or single prints ( or gap ) of the profile are placed in the middle of a profile structure, not at the upper or lower edge. Singles draw our attention to places where the price moved very fast ( impulse movements) and therefore the market imbalance and show us the area of imbalance.Singles are usually created when the market reacts to unexpected news. It is these reports that are capable of causing extreme imbalances and preparing the spawn for the extreme emotional reactions of buyers and sellers.Used as support/resistance zones , but be careful not always.Usually it works very well on trend days.
These levels are watched by the big boys and the banks.This indicator will show you these levels.
The market will want to revisit this area and examine whether these price levels are not traders interested in trading at these prices. Why should these merchants be there? Because the market literally flew through the area and only a small number of traders got a chance to trade there. For that these areas are likely to be filled in the future .
Observe money and risk management .Always use a stop loss . RRR minimum 3:1 .Take a risk a maximum of 0.5 - 1% of the account per trade.
Remember there is more than a 70% chance that these areas will be tested in the future. This puts the probability to our side.
I enclose three strategies that I trade myself.
These three strategies are repeated in the market, so it is good to trade all three .
Strategy 1: Trend is your friend
Strategy 2 : Test the nearest level
Strategy 3 : Close singles and continuing the trend
Recommended time frame is M30
Strategy 1 - BUY :
1. A bullish trend has begun
2. The singles area has been created
3. The prize goes to the side and stays above the singles area
4. We buy above the singles area and place the stop loss under the singles area
5. We place the target profit either according to the nearest market profile poc or resistance or under the nearest singles area.We try to keep this trade as long as possible because there is a high probability that the trend will continue for more days.
Strategy 1 - SELL :
1. The bear trend has begun
2. The singles area has been created
3. The prize goes to the side and stays under the singles area
4. We sell below the singles area and place the stop loss above the singles area
5. We will place the target profit either according to the nearest market profile poc or support or above the nearest singles area.We try to keep this trade as long as possible because there is a high probability that the trend will continue for more days.
Strategy 2 - BUY:
1. After the trend, the price goes to the side and does not create a new low (or only minimal but with big problems)
2. Nearby is a singles area ( Since the price cannot go to one side there is a high probability that these singles will close ).
3. We buy at a low and stop loss we place it a bit lower. We will place the target profile under the singles area .
Strategy 2 - SELL:
1. After the trend, the price goes to the side and does not create a new high (or only minimal but with big problems)
2. Nearby is a singles area ( Since the price cannot go to one side there is a high probability that these singles will close ).
3. We sell at a high and stop loss we place it a bit higher. We will place the target profile above the singles area .
Strategy 3 - BUY:
1. The current candle closes singles
2. Add a pending order above the singles area and place the stop loss under the singles area or low candles (whichever is lower)
3. Another candle must pass above the singles area. (If this does not happen, we will delete the pending order) .
4. We will place the target profit either according to the nearest market profile poc or resistance or under the nearest singles area.
Strategy 3 - SELL:
1. The current candle closes singles
2. Add a pending order under the singles area and place the stop loss above the singles area or high candles (whichever is higher)
3. Another candle must pass under the singles area. (If this does not happen, we will delete the pending order) .
4. We will place the target profit either according to the nearest market profile poc or support or above the nearest singles area
If you learn to trade these strategies and you use the right one money management you will be profitable.
Market Profile Singles :
Singles or single prints ( or gap ) of the profile are placed in the middle of a profile structure, not at the upper or lower edge. Singles draw our attention to places where the price moved very fast ( impulse movements) and therefore the market imbalance and show us the area of imbalance.Singles are usually created when the market reacts to unexpected news. It is these reports that are capable of causing extreme imbalances and preparing the spawn for the extreme emotional reactions of buyers and sellers.Used as support/resistance zones , but be careful not always.Usually it works very well on trend days.
These levels are watched by the big boys and the banks.This indicator will show you these levels.
The market will want to revisit this area and examine whether these price levels are not traders interested in trading at these prices. Why should these merchants be there? Because the market literally flew through the area and only a small number of traders got a chance to trade there. For that these areas are likely to be filled in the future .
Observe money and risk management .Always use a stop loss . RRR minimum 3:1 .Take a risk a maximum of 0.5 - 1% of the account per trade.
Remember there is more than a 70% chance that these areas will be tested in the future. This puts the probability to our side.
I enclose three strategies that I trade myself.
These three strategies are repeated in the market, so it is good to trade all three .
Strategy 1: Trend is your friend
Strategy 2 : Test the nearest level
Strategy 3 : Close singles and continuing the trend
Recommended time frame is M30
Strategy 1 - BUY :
1. A bullish trend has begun
2. The singles area has been created
3. The prize goes to the side and stays above the singles area
4. We buy above the singles area and place the stop loss under the singles area
5. We place the target profit either according to the nearest market profile poc or resistance or under the nearest singles area.We try to keep this trade as long as possible because there is a high probability that the trend will continue for more days.
Strategy 1 - SELL :
1. The bear trend has begun
2. The singles area has been created
3. The prize goes to the side and stays under the singles area
4. We sell below the singles area and place the stop loss above the singles area
5. We will place the target profit either according to the nearest market profile poc or support or above the nearest singles area.We try to keep this trade as long as possible because there is a high probability that the trend will continue for more days.
Strategy 2 - BUY:
1. After the trend, the price goes to the side and does not create a new low (or only minimal but with big problems)
2. Nearby is a singles area ( Since the price cannot go to one side there is a high probability that these singles will close ).
3. We buy at a low and stop loss we place it a bit lower. We will place the target profile under the singles area .
Strategy 2 - SELL:
1. After the trend, the price goes to the side and does not create a new high (or only minimal but with big problems)
2. Nearby is a singles area ( Since the price cannot go to one side there is a high probability that these singles will close ).
3. We sell at a high and stop loss we place it a bit higher. We will place the target profile above the singles area .
Strategy 3 - BUY:
1. The current candle closes singles
2. Add a pending order above the singles area and place the stop loss under the singles area or low candles (whichever is lower)
3. Another candle must pass above the singles area. (If this does not happen, we will delete the pending order) .
4. We will place the target profit either according to the nearest market profile poc or resistance or under the nearest singles area.
Strategy 3 - SELL:
1. The current candle closes singles
2. Add a pending order under the singles area and place the stop loss above the singles area or high candles (whichever is higher)
3. Another candle must pass under the singles area. (If this does not happen, we will delete the pending order) .
4. We will place the target profit either according to the nearest market profile poc or support or above the nearest singles area
If you learn to trade these strategies and you use the right one money management you will be profitable.
