medium · Volume Profile Analysis profile-anatomy
A trader is observing an NFP release. Wave 1 occurs at 08:30:00 and price spikes 60 pips up. At 08:35:00, price retraces 25 pips on high volume (Wave 2). At 08:50:00, price holds the 1.0850 HVN and prints a long-wicked candle to the upside.
When should the trader execute according to the playbook?
- At 08:33:00, entering during the very first pullback wave
- Now, at 08:50 as Wave 3 (directional settlement) begins
- At 08:30:01, immediately, to capture the full initial release spike
- Wait and only execute at the New York open at 09:30
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