Two Good Trade Examples From Today

Posted in CBOT Market Profile®, Footprint® Chart by astoeckley on January 12, 2011

Readers of this blog will note some interesting charts we have posted in just the last week that provide good insight into the market.

Today, the market reversed at two key levels perfectly identified on two charts we discussed in earlier blog postings. One of these reversals is based on the chart of the week from just this last Friday. The other reversal comes from the 200% IB Strategy we demonstrated in our new RTL blog series. Both of these patterns appeared beautifully in the market today, and they help reinforce the value of both Footprint charting as well as Market Profile strategies.

Click the image to see a larger version.

[caption id="attachment_1436" align="aligncenter" width="417" caption="Today's trade examples."][/caption]

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