Tuesday, June 1, 2010

Bank Nifty's correction continues..

Author: Ilango | Posted at: 7:54 AM | |


3 comments:

Unknown on June 1, 2010 at 5:15 PM said...

Ilango, what are the abbreviations of VAX, POC, VAL? Please elaborate

Ilango on June 1, 2010 at 8:38 PM said...

They are market profile data based on price action coupled with volume - meaning the price levels where in the demand and supply has met with a balance.

VAH - value High; POC-Power of control; VAL - Value low.

More detailed readings: Download this PDF file from the link below.

http://www.4shared.com/document/VrR25n9A/QtGuide-1.html

Trading based on Market profile data is done at the following blog:

http://vtrender.blogspot.com/

Ilango on June 1, 2010 at 8:39 PM said...

Here is another write up on it:

http://tradeinniftyonly.blogspot.com/2010/03/market-ptrofile-to-sharpen-your-trades.html

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