learn
Concepts explained clearly, with no promises and no signals. Educational material, not investment advice.
Market Profile in futures: TPO, POC, Value Area and Initial Balance explained with the real split of day types across 4,181 ES sessions.
Read guide →Initial Balance explained step by step: how the first-hour range is calculated and what 5,226 breaks and 4,182 ES sessions show about it.
Read guide →What the CFTC's COT report is, which participant groups it covers, why the data is from Tuesday but published on Friday, and the usual misreadings.
Read guide →Value Area, POC, VAH and VAL explained without shortcuts, using 4,188 prior-range breaks in ES to see what breaking yesterday's extreme really measures.
Read guide →What a base rate is, why sample size rules, what a degenerate cell is and how to check whether a historical statistic still holds.
Read guide →The difference between RTH and Globex in index futures: liquidity, hours and where the day's high and low really form.
Read guide →What open interest is in futures, how it differs from volume, and how often each price and OI combination actually shows up in the ES.
Read guide →What the opening gap is in index futures, how it is measured against the prior regular close, and how often it fills in ES, NQ, RTY, YM and NKD.
Read guide →How to calculate position size from risk per trade, stop distance and point value, with the average daily range of ES, NQ, RTY, YM and NKD.
Read guide →Every figure in these guides comes from our own data
The tables inside carry their sample size and date range. How they are calculated and what they do not measure is in the methodology; the tools that use those same calculations are under features.