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There is a lot of theory written in
market profile about the different types
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days based on the shape of the profile.
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The truth is that identifying the shape
of such profiles to determine what type
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of day we have had may be valid for the
human mind from the point of view that
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we always want to control everything and
need to look for a logic to every
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behavior. But from an operational point
of view, it does not seem to be a very
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useful approach since the categorization
is done by an a posteriori analysis.
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Furthermore, Over time, it has been
shown that it is not possible to
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consistently predict what type of day we
are most likely to have based solely on
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the previous day's categorization.
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Steidlmayr himself recognized this over
time.
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Not surprisingly, it is impossible to
know what the shape of the current
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profile will be until the session has
ended.
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Therefore, for the purpose of this
course, we will mainly use three types
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profiles depending on the price action
we observe on the chart.
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These profiles will serve us not to
predict what kind of day we are likely
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have, but to know the context and the
sentiment of the market, which will
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us to raise more solid scenarios.
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