A traders quest for value in trading based on Price and Volume Distribution. It is about application of Market Profile concepts in trading.
Markets seek value and then move away from value. This quest for value creates asymmetric trading opportunities. This is an attempt to identify asymmetric trade opportunities. Market profile terminology is used without explanations.
Friday, December 17, 2010
Tata Steel Trade Plan for 20 - 12 -2010
Here I am analysing few Stocks
Tata steel traded upward nicely in the last few days. Here is the trade plan. Note the rising VA.
Key reference point is 654.20. Two scenarios are shown in chart. SL is 2 points.
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