analyzing the market thru the lens of Initial Balance
(and timing your entries)
"Initial Balance" (IB) is a concept from Market Profile analysis. It refers to the price range established during the first hour (or another defined period) of the trading session. This range is then used as a reference point for the rest of the trading day.
This is how I use Initial Balance along with Section 3: Execution of The Study to help time my entries. Check it out!
There are 3 important concepts to understand before we start: