Detailed chart analysis of past trading action
Identified where reversion and break-out trading occurred

The image below is the chart of Dow futures contract ( CBOT Ticker Symbol: YM ).

It is a multi-days chart showing Composite Time Price Opportunity (TPO) Profile on the left side and Composite Volume Profile on the right side.

This is an unique charting technique and requires some explanation on how to read the chart.

This chart shows more information than the conventional graphical chart.  Don't be overwhelm.  Once you get accustomed to reading this type of chart, it will stimulate your whole brain.  The left hemisphere of your brain which is responsible for logical, rational and analytical functions will be engaged by the numerical data portion of the chart.  The right hemisphere of your brain which is responsible for the intuitive and subjective functions will be engaged by the graphical portion of the chart.

This gives you an advantage of engaging your whole mind when it comes to trading instead of utilizing just a section of it.

Showing Time Price Opportunity (TPO) Profile side-by-side to Volume Profile gives you a quick synopsis of

  1. which price levels received the most trading volume
  2. at what time during the trading session had it traded there
  3. how many times it had backfilled to those price levels
  4. where reversion trades worked for traders fading the move as price traded back and forth to form a cluster node
  5. see where and when break-out trades occurred as price spends very little time trading there

(Click on image below to bring up thumbnail and enlarge the chart.) Dow TPO Volume Composite Profile chart


  1. VAH = Value Area High
  2. VAL = Value Area Low
  3. POC = Point of Control (i.e. where most of the trading volume had occurred)
  4. TPO Count = Where trading has spent the most time
  5. VWAP = Volume-Weighted Average Price
  6. BOO = Break-out Octet. Minimum stop loss risk on false break-outs
  7. BDO = Break-down Octet. Minimum stop loss risk on false break-downs
  8. Each TPO letter represents half hour intervals
  9. TPO { abcdefghijklmnop } are the Asian Session
  10. TPO { qrst } are when both Asian and European Traders are awake, alert and online
  11. TPO { uvwx } are the remaining European Session
  12. TPO { yzVWXYZABCDE } are when both European and American Traders are awake, alert and online
  13. TPO { FGHIJKLMNOPQ } are the remaining American Session

Dow Futures Profile

The Dow Jones Industrial Average (DJIA) is a price-weighted index of 30 blue-chip U.S. companies representing nine economic sectors including financial service, technology, retail, entertainment and consumer goods.

The Dow Futures track the movements of these following stocks:

Ticker Description Industry
BA Boeing Co Aerospace & Defense
KO Coca-Cola Co Beverages (Nonalcoholic)
DIS Disney (Walt) Co Broadcasting & Cable TV
DD Dupont(E.I.)Denemours Chemical Manufacturing
CSCO Cisco Systems Communications Equipment
T AT&T Inc Communications Services
VZ Verizon Communications Communications Services
HPQ Hewlett-Packard Computer Hardware
IBM Intl Business Machines Corp Computer Services
MMM 3M Co Conglomerates
CAT Caterpillar Inc Constr. & Agric. Machinery
AXP American Express Company Consumer Financial Services
GE General Electric Consumer Financial Services
KFT Kraft Foods'A' Food Processing
TRV The Travelers Companies Inc Insurance (Prop. & Casualty)
JNJ Johnson & Johnson Major Drugs
MRK Merck & Co Major Drugs
PFE Pfizer, Inc Major Drugs
AA Alcoa Inc Metal Mining
UTX United Technologies Misc. Capital Goods
BAC Bank of America Corporation Money Center Banks
CVX Chevron Corporation Oil & Gas - Integrated
XOM Exxon Mobil Oil & Gas - Integrated
PG Procter & Gamble Personal & Household Prods.
JPM JPMorgan Chase & Co Regional Banks
MCD McDonald's Corp Restaurants
WMT Wal-Mart Stores Retail (Department & Discount)
HD Home Depot Inc Retail (Home Improvement)
INTC Intel Corp Semiconductors
MSFT Microsoft Corp Software & Programming



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