Naked RTH POC update... Yesterday's post of the evenly distanced cluster of RTH Naked POC's is now gone. The next 3 RTH POC's below are... 3316.00 3290.00 3226.25 Interestingly, there is only one above...3437.50 I say interestingly because there is a couple hundred points (or so) of price history above, but no naked POC's between here and there! The one above was formed today, and can change. Wheeee!
The Point of Control, commonly abbreviated as POC, is a Market Profile term which describes the price level where the most volume was traded. A Naked Point of Control (also called a Virgin Point of Control) is a previous POC which has not been traded at (taken out). It remains active until it is traded at (taken out) and for this reason it attracts price towards it. Most of my methodologies/signals/triggers are volume-centric. HTH