Short-Term Trading: Weekly Range Profiles

Overview

• Focus on defining weekly range profiles in trading
• Profiles are important for understanding market behavior
• Profiles may seem ambiguous but are insightful with historical data analysis

Key Profiles

Classic Tuesday Low of the Week

• Market Profile: Bullish
• Anticipation: Price hovers above a higher time frame discount array on Monday, then drops into it on Tuesday
• Trading Sessions: Tuesday London and/or New York
• Note: Price can revisit the New York sessions to form lower lows

Classic Tuesday High of the Week

• Market Profile: Bearish
• Anticipation: Price hovers below a higher time frame premium array on Monday, then rises into it on Tuesday
• Trading Sessions: Tuesday London and/or New York
• Note: Price can revisit the New York sessions for higher highs

Wednesday Low of the Week

• Market Profile: Bullish
• Anticipation: Price hovers above a higher time frame discount array Monday and Tuesday, then drops into it on Wednesday
• Trading Sessions: Wednesday London and/or New York
• Note: Monday and Tuesday can be down days

Wednesday High of the Week

• Market Profile: Bearish
• Anticipation: Price hovers below a higher time frame premium array Monday and Tuesday, then rises on Wednesday
• Trading Sessions: Wednesday London and/or New York
• Note: Monday and Tuesday can be up days

Consolidation Thursday Reversal (Bullish)

• Market Condition: Bullish
• Anticipation: Consolidation Monday-Wednesday, then price runs intra-week low and rejects for reversal
• Important: Aligns with market news or rate releases typically around 2 PM New York Time

Consolidation Thursday Reversal (Bearish)

• Market Condition: Bearish
• Anticipation: Consolidation Monday-Wednesday, then price runs intra-week high and rejects for reversal
• Important: Aligns with market news or rate releases typically around 2 PM New York Time

Consolidation Midweek Rally

• Market Profile: Bullish
• Anticipation: Consolidation Monday-Wednesday, then price runs intra-week high and expands into Friday

Consolidation Midweek Decline

• Market Profile: Bearish
• Anticipation: Consolidation Monday-Wednesday, then price runs intra-week low and expands into Friday

Seek and Destroy Bullish/Bearish Friday

• Market Profile: Neutral/Low Probability
• Anticipation: Consolidation Monday-Thursday, running shallow stops
• Note: Avoid during interest rate announcements and non-farm payroll, better to avoid in July and August

Wednesday Weekly Reversal (Bullish)

• Market Profile: Bullish
• Anticipation: Consolidation Monday-Tuesday, then price drives lower and reverses

Wednesday Weekly Reversal (Bearish)

• Market Profile: Bearish
• Anticipation: Consolidation Monday-Tuesday, then price drives higher and reverses

Application

• Analyze historical price action using hourly charts
• Identify market profiles and recurring themes
• Understand characteristics of markets prior to profile formation

Conclusion

• The lesson helps in recognizing the weekly trading patterns
• Important to apply and analyze in real trading scenarios
• Further insights will be provided in upcoming lessons