When using the Session Volume Profile I'm assuming traders are using previous day's session to identify the point of control, value area high and low to find trade opportunities for the current session. Anyone use the developing POC, and developing VAH & VAL? The developing are calculated in the current session and change throughout the day. Any benefit/value in using developing POC over the other? Any thoughts?
yes most traders i thought use it intraday? i have a poc that updates real time as well as the market profile itself..
Yeah definitely intraday. I'm assuming that's developing POC, not previous day's POC since its' updated in real time. How's the updated poc working for you?
Pure chance that I saw this thread. That happens when appropriate forum section and a decent thread title are used! Anywho... Developing POC is not something I use. Naked POC (NPOC, aka Virgin POC) is what I use. I'm not a very good "teacher" outside of realtime screen share or in person. It is what it is. Here is a 5 minute RTH ES chart as a big picture view... The thick green lines are DAILY butt Naked POCs. The grays are the 5 min POC of the current day and previous day only. Blue are the daily profiles. Drill down a bit.... Drill down a bit more... And finally, my trading resolution... I'll be happy to attempt to answer specific questions. Good trades to all.
----------- I'm using previous day POC on 5min MNQ. Looks like you are as well and not using developing POC. Never heard of naked POC until now. Are you open to screen sharing? would like to understand naked POC.
A previous POC, regardless of tracking interval, tells the price where the most volume occurred within that tracking interval. A Naked POC is a POC price level that has NOT been revisited since it became a POC. This distinction and subsequent dynamical adjustment culls the number of meaningful POCs price levels for MY trading. It's similar in concept to how a gap is interpreted by some traders. But POCs naked or not, and gaps are separate and (mostly) unrelated things imo. Putting "Naked POC" NPOC into any search engine should yield dozens of more "formal" discussion. Yesterday (Wed, Dec 11, 2024) was an interesting example... On my previous post, there is a green NPOC at 6098.25. Pull up a 5min chart of ES and look at yesterdays action with that in mind. Also note how by the end of day, the 6098.25 NPOC was no longer , and in fact yesterday created a lower POC at 6096. Not a big difference, but it was lower. So on the larger daily interval, my immediately important NPOC levels became 6096 - 6063.25. Add in the 5min tracking interval and the NPOCs within that interval, and there is input for my intraday trading. And I always track the STANDARD volume histogram... it tells "how" price is being discovered. HTH (Hope that helps)