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

The image below is the chart of Euro currency futures contract ( CME Ticker Symbol: 6E ).

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 using 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.) Euro currency 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

Euro Area Profile and Fundamental Analysis

European Union Flag

The euro currency is accepted in 16 European countries.  They are Austria, Belgium, Cyprus, Finland, France, Greece, Germany, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.  329 million EU citizens are using the euro banknotes and coins.  The euro replaced their former national currency.

The euro is the second largest reserve currency in the world, after the US dollar.  Around 25% of the worldwide reserves are held in euro.  The 'euro area' is the official term for the group of EU Member States that have adopted the euro as their currency.

Euro Currency

The currency symbol for the euro is €.  The most widely circulated coins are 5c, 10c, 20c, 50c, €1, and €2.  The most widely circulated banknotes are €5, €10, €20, and €50.  The European Central Bank is the central bank for the Euro Area.

Currently, there are strong disagreements on monetary policies for the euro between Germany and 5 other member nations (Portugal, Ireland, Italy, Greece and Spain).  Germany is focused on inflation while Portugal, Ireland, Italy, Greece and Spain are more concerned with the rising unemployment.



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