POC = Point of Control
Price at which the most TPO’s occur in the Market Profile chart
during the previous day. The prices that saw the most activity. Visually the
longest horizontal line.
VA = Value Area
Range of prices containing 70% of TPO's in a profile.
The Value Area is where price was accepted by the "majority" of the market participants.
VAH (or UVA) = Value Area High
Highest price of previous day's Value Area.
VAL (or LVA) = Value Area Low
Lowest price of previous day's Value Area.
Naked POC =
A POC from previous days trading range that price has not returned to on any following days.
IB = Initial Balance
Price action occurring in the 1st 60 minutes of trading = completion of 1st 2 market profile letters.
SP= Single Print
One letter that breaks the VA, very easy to go back when your are in a SP area
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The VA is a great way to see the "comfort zone" of the market.