Technical analysis summary in text for: November 13, 2023 End of day(EOD). All the Acronyms that I had used in the charts are in this description below.
Opening was within last Friday's range, with an overnight inventory of 100% short. We got full counter auction at the opening. Stayed choppy and closed within last Friday's range.
Profile shape is "P", VPOC & TPOC at ~ 4430 Only 1 weak level formed today. Low & High have good excess.
**Key nuances & Options focus: **
1. Trend is Up but balancing on Daily, Weekly, Monthly.
2. Play Options based on key LIS levels given in this week's weekly 60 Seconds TA video
Ā Ā Ā ā¢Ā NovemberĀ 13,Ā 2023Ā #technicalanalysisĀ ...Ā Ā . @everyone I hope this short and crisp video helps you!
Stay tuned by subscribing!. feel free to comment on the video if you have any questions. Thank you for stopping by and I hope you have learnt something new!
Here are the color codes on my market profile charts:
Balance Levels : Yellow
Gap Levels : White
LIS(Line in sand) : Light seagreen
Spike Levels: Tomato
Weak references & regular trading hours Single prints zone & Chop zone. : default blue
Overnight session single prints: Pink
Direction arrows to the Targets: Green Arrows
Previous week low, Prior Month high : Turquoise blue
Check out more useful Trading educational videos on Market profile, Trading in general, Futures trading & Options trading in this playlist :
Ā Ā Ā ā¢Ā TradingĀ EducationalĀ SeriesĀ Ā Stay tuned by subscribing! lot more videos to come. feel free to comment on if you have any questions. would love to assist you. Thank you for stopping by! Have a great day!
P.S: these videos that i am making about trading/market analysis are for educational purposes only and i am not responsible for your losses or gains :) all i wish is you be happy by having a better understanding of market & take conscious wise trading decisions.
FAQ's about my Technical analysis video on Futures:
1. What platform do I use for Market profile analysis: Ninja Trader with Rancho Dinero Market profile indicator.
2. Why do I analyze Futures rather than SPY or SPX: Futures can be traded even after market closes. based on the price action of what happened in the overnight session, typically following day's price action can be probabilistically determined. Hence I stick to futures analysis.
3. what platforms do I recommend for placing Stocks, Options or futures: Think or Swim ( TDAmeritrade).
4. where can one learn more about market profile:
Here is a detailed video :
Ā Ā Ā ā¢Ā MarketĀ ProfileĀ SessionĀ Ā Glossary for all the terms from James Dalton website:
jimdaltontrading.com/glossary...
5. What can be traded based on the Technical analysis videos that I share:
You can use this analysis & manage risk in trading futures (ES or MES )or Options on SPX.
6. What Microphone do I use for Videos : Audio Technicia AT2020
7. What Screen recording Software do I use for making Videos: Active presenter 9.
8. What live telecast tool do I use to Stream on YouTube: OBS Studio.
If you have any other questions, feel free to comment and I would be happy to answer them.
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