One of your best Weekend Editions ever. I recently offered your website to a group of traders(?) to subscribe to for your free emails and UA-cams. Where they go from there, that's going to be up to them. These tidbits are VERY informative (and free) and educational. I hope this group (I'm talking about) sees the value here and learns more than just "Oh, it's going up (or going down)." And your trader room specials are great. I've taken a few of them. Thanks again Peter. I find very few out there who give what you give in your consistent and eloquent style of explaining. And love what Market Profile gives, kind of like a third eye to the market. As always, Thanks again!
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@therealshadowtrader -- Great show, thanks! Because you asked, the contrast in the larger Market Profile chart is still very hard to see, particularly in the video, but also in the PPP report as well. Think of good contrast colors. And thanks for asking.
EXCELLENT ADVICE. Master ONE set up at a time. Keep it very simple so you can focus on only taking the highest odds opportunities. Get very good at it before you even think of learning a second strategy. WELL SAID Peter.
Hourly market action you described fits exactly what I think about the market: I'm waiting to see how it peters out as the coiling formation contains a lot of energy that could propel the market up in a big way. But I like to see the rocket taking off ...
In terms of color scheme I really prefer dark mode with green, yellow and red foreground colors. The improvement you made was better for light mode though.
I found your profile charts were not clear on a white background I use black like your sector charts.Not a complaint just answering your request for feed back.Thank you for sharing your knowledge and experience.
you know in 1998 if you doubled the prev weeks wic it marked the top in the nasdaq at a simlar spot in the structure, puts price at a interesting spot next week using that calculation
Peter. On the hourly ES chart, which I trade myself, I can see Bull Flag develped going the weekend. I am bullish for the next week for both GC and ES. I do level 3 options on futures and have 5 in play as I write this on Saturday. Doing fine so far.
One would think there needs to be a correction before we could end the year at highs and strong. Unless SPX 6200 is in play I would like to see markets correct in last week of September into mid-October. Just seems too much too soon right here.
Smart short coverings have tried to get out on Thursday instead of holding till Friday. And the spikes are not as high as they used too. Great analysis. I hope it holds.
Absolutely stunning Old Chap! Keep up the jolly good work my boy! However, you forgot the most important point in the profile discussion. VALUE, which is all that matters, was TOTALLY LOWER on Friday. Highs and lows are far less important than VALUE. As you mentioned, those silly highs were nothing more than shorts panicking. And of course, the VPOC also migrated lower on Friday. All in all, a very unimpressive showing by the bulls.
I share the hesitancy. If anything, I’m bearish. Thursdays price action was largely rejected on Friday, from stretched levels. Possible reversal at hand.
And that, ladies and gentlemen, is why he's the best. I don't get the BWB trade. If price shoots up and you have to roll that call, isn't it too late by then for next week? It would cost more to roll than the credit most times. I guess you're counting on the stock falling and being correct on the reversion.
It's the same as rolling any naked call that might be tested, except in this case you have a long call in front of it that has gained a ton of value. The BWB can also be sold for a profit if price is inside of the spread and there is a small enough time to expiry where the extrinsic of the middle has drained enough.
I know you stated this trade was for credit as the stock likely will pull back or stall. This BWB might be too narrow if one is looking for expansion and hence to close for additional credit. For expansion I’d rather give up some upfront credit and make it wider, could 1:3:2 to not take a debit. Great analysis as always, Peter!
AAPL 16 mil shares sold in the last 10 mins of Friday’s session. EOQ rebal, but why wouldn’t they have used a VWAP over the next week? Instead they took a huge hit and triggered selling momentum algos. Seems fishy, as if someone knows something. Cook retiring on Monday?
options contracts have to be covered, exercised, or closed out during regular trading hours, so the overnight was not short covering, I’m baffled why you don’t know that. More likely it was done by manipulators who could drive the price action up on lower volume knowing they would force short covering the next day.
Awesome video! I was blown away by the recent economic data! There seems to be uncertainty over inflation and the U.S. stock market is at a crucial crossroads. Despite growing concerns among investors, the economy shows signs of resilience which could help Bitcoin remain stable. Interestingly, the crypto market, which is usually correlated with the U.S. stock market, has been moving in the opposite direction. BTC and the Nasdaq are currently bouncing back. However, with the sentiment changing fast now is the perfect time to get into the crypto market..... I have managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Adriana Jensen, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
So Market Should Go UP , Unless it goes down. Hm. Youve been a stuedent of the markets for decades now and still miss focus on things like whos long and whos covering shorts. BTW a majority of Shorts are not COVERING during GLOBEX
One of your best Weekend Editions ever. I recently offered your website to a group of traders(?) to subscribe to for your free emails and UA-cams. Where they go from there, that's going to be up to them. These tidbits are VERY informative (and free) and educational. I hope this group (I'm talking about) sees the value here and learns more than just "Oh, it's going up (or going down)." And your trader room specials are great. I've taken a few of them. Thanks again Peter. I find very few out there who give what you give in your consistent and eloquent style of explaining. And love what Market Profile gives, kind of like a third eye to the market. As always, Thanks again!
thank you!
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The title said it all of the market in a whole in the context since FOMC Meet. Thanks Peter! Have a Fantastic weekend.
The Green color is Hard to see. Black background with White lettering.Yellow highlighting is good
agreed, I'm going to keep experimenting with it.
Fantastic...you had me at esoteirc..no need to pre-apologize..I love every segment TY!🥰
excellent as always, thank you
QUESTION: Why talk about ES futures and not SPY?! Thanks!
@therealshadowtrader -- Great show, thanks! Because you asked, the contrast in the larger Market Profile chart is still very hard to see, particularly in the video, but also in the PPP report as well. Think of good contrast colors. And thanks for asking.
EXCELLENT ADVICE. Master ONE set up at a time. Keep it very simple so you can focus on only taking the highest odds opportunities. Get very good at it before you even think of learning a second strategy. WELL SAID Peter.
Thank you, Could you teach market profile?
Thanks Peter
How do you tell the difference between old and new business?
Any thoughts on utilities being bullish due to data center buildout? They don’t seem like your typical utilities any more!
Peter, I think the white is better, it adds contrast and makes it easier to see.
Excellent video here full of important information.
This channel is crazy good wow very informative
the title fits my thinking exactly.thank you sensei
folks have been bullish but nervous since 2020, and they missed the greatest rally ever
Always the best!
Excellent, Thank you!
Excellent, old business vs new business
The new MP background color is Great!!
Thank you!
thamks
I think the Market Profile colors are good if the look you were going for was a refrigerator from the 70s! :)
Love what Peter shared for the Mailbag
Thank you Peter. Cashing tickets with you for about a decade. $$
Colors on Profile are hard to see.
Master one setup!!!!! I agree ❤
thanks uncle peter.
Hard to see. Still need better contrast on MP.
Hourly market action you described fits exactly what I think about the market: I'm waiting to see how it peters out as the coiling formation contains a lot of energy that could propel the market up in a big way. But I like to see the rocket taking off ...
Love the short on cvna. I'll be selling credit spreads on it
hey Peter it looks like the back ground color is very close to the profile blue. I dunno maybe try gray?, just saying no real biggy
In terms of color scheme I really prefer dark mode with green, yellow and red foreground colors. The improvement you made was better for light mode though.
I found your profile charts were not clear on a white background I use black like your sector charts.Not a complaint just answering your request for feed back.Thank you for sharing your knowledge and experience.
you know in 1998 if you doubled the prev weeks wic it marked the top in the nasdaq at a simlar spot in the structure, puts price at a interesting spot next week using that calculation
Thx Peter
Peter. On the hourly ES chart, which I trade myself, I can see Bull Flag develped going the weekend. I am bullish for the next week for both GC and ES. I do level 3 options on futures and have 5 in play as I write this on Saturday. Doing fine so far.
Absolutely the best of the best analysis ever... thanks Peter...
One would think there needs to be a correction before we could end the year at highs and strong. Unless SPX 6200 is in play I would like to see markets correct in last week of September into mid-October. Just seems too much too soon right here.
Everyone is expecting this exact move. I've seen nonstop September seasonality charts and election year October charts all over X for the past month.
but the info is awesome as usual. thanks
Smart short coverings have tried to get out on Thursday instead of holding till Friday. And the spikes are not as high as they used too.
Great analysis. I hope it holds.
the fed funds rate typically follows and lags the bond market which had a gap of about 2% so 0.5% was nothing to write home about.
Thank goodness for 2x replay speed
There is no better overall trader than Peter ( I say that after following him for a decade and being consistently profitable ), he is the man.
WHODAMAN? UDAMAN!
Actually Utilites are now an AI trade due to data center power demand so its quite bullish for market. Utes are not what they used to be
"inexpensively as possible" equals $20 per month? I question the part about "as possible"
Absolutely stunning Old Chap! Keep up the jolly good work my boy!
However, you forgot the most important point in the profile discussion. VALUE, which is all that matters, was TOTALLY LOWER on Friday. Highs and lows are far less important than VALUE. As you mentioned, those silly highs were nothing more than shorts panicking. And of course, the VPOC also migrated lower on Friday. All in all, a very unimpressive showing by the bulls.
Great video again, Peter... the Mailbag contribution was worth all the price of admission!!! Best....
Great stuff, Peter, thank you!
I share the hesitancy. If anything, I’m bearish. Thursdays price action was largely rejected on Friday, from stretched levels. Possible reversal at hand.
AAPL sold off 16 mil shares into the close. There’s the sole reason for the QQQ/SPY dump, as momentum algos followed the trade.
Thank you for your analysis.
Thanks!
And that, ladies and gentlemen, is why he's the best. I don't get the BWB trade. If price shoots up and you have to roll that call, isn't it too late by then for next week? It would cost more to roll than the credit most times. I guess you're counting on the stock falling and being correct on the reversion.
BWB trade to me is the brokers friend. Great way of racking up commissions.
It's the same as rolling any naked call that might be tested, except in this case you have a long call in front of it that has gained a ton of value. The BWB can also be sold for a profit if price is inside of the spread and there is a small enough time to expiry where the extrinsic of the middle has drained enough.
I know you stated this trade was for credit as the stock likely will pull back or stall. This BWB might be too narrow if one is looking for expansion and hence to close for additional credit. For expansion I’d rather give up some upfront credit and make it wider, could 1:3:2 to not take a debit. Great analysis as always, Peter!
@@bazilbrushrocks That's because you don't know anything about options. If you're worried about 20 bucks in commission, you should GTFO of the market.
it is harder to see the profile with these colors
Valuable update, thank you
AAPL 16 mil shares sold in the last 10 mins of Friday’s session. EOQ rebal, but why wouldn’t they have used a VWAP over the next week? Instead they took a huge hit and triggered selling momentum algos. Seems fishy, as if someone knows something. Cook retiring on Monday?
Are you also bullish but nervous after the performance of the DOW Transports on Friday?
options contracts have to be covered, exercised, or closed out during regular trading hours, so the overnight was not short covering, I’m baffled why you don’t know that. More likely it was done by manipulators who could drive the price action up on lower volume knowing they would force short covering the next day.
I sold all my shares i dont trust next week 😂
$SOXX close to confirming a down trend with a bearish 10/30w cross is a major problem for bulls. I see the market in a topping process since July
Bearish to confused back to semi bullish ....... just hold and add the dips to.screw the tax man .......
Awesome video! I was blown away by the recent economic data! There seems to be uncertainty over inflation and the U.S. stock market is at a crucial crossroads. Despite growing concerns among investors, the economy shows signs of resilience which could help Bitcoin remain stable. Interestingly, the crypto market, which is usually correlated with the U.S. stock market, has been moving in the opposite direction. BTC and the Nasdaq are currently bouncing back. However, with the sentiment changing fast now is the perfect time to get into the crypto market..... I have managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Adriana Jensen, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
The internet is filled. with so many useful information. about Adriana Jensen.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
So Market Should Go UP , Unless it goes down. Hm. Youve been a stuedent of the markets for decades now and still miss focus on things like whos long and whos covering shorts. BTW a majority of Shorts are not COVERING during GLOBEX
So tell us - whose long and whose covering shorts since you're so brilliant.