About Day Trading: Watching Other Traders with Market Profile
 | from Adam Milton
There is a variety of information in this week's day trading newsletter, including: - a description and explanation of market profile charts, - the definition of divergence, with an example of how divergence can be traded, - a discussion of stop orders and if touched orders, and which order type is right for which situation, - and the weekly economic calendar with volatility expectations.
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In the Spotlight |
Market Profile
Market Profile, TPO, Volume Profile ... It has lots of different names, but what exactly is it, and how can it be used in day trading? Market profile is a type of chart that is used to see where (at what price) and when (at what time) most of the trading is occuring. By using market profile charts, traders can see exactly where other traders are making their trades, and where the most recent support and resistance levels are ... read the full article
| | Divergence
Divergence is when the price is moving in one direction, but an indicator or another market is moving in the opposite direction. For example, if the DAX was moving upwards, but the CAC40 was moving downwards, these markets would be experiencing divergence. Divergence is most easily seen on a graphical chart, and is usually illustrated using ... find out more
| Stop Orders or If Touched Orders?
Day traders combine multiple individual orders to make their trades, and for most day trading markets, there are many different types of orders that are available. The most well known order types are market orders, limit orders, and stop orders, but there are also some less well known order types that are equally as important ... read the full discussion
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