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Poor high and poor low

Trader's Glossary · Profile and auction

Poor high and poor low

Definition. A session high or low without clear rejection, i.e. without a “tail” in the profile. In Market Profile theory it's considered an unfinished auction.

How it works

A healthy daily extreme usually has a tail: price was rejected there quickly. When several periods trade at the same level at the extreme, without rejection, it's called a poor high or poor low.

Example

The session ends with a flat high where price stalled several times. Some traders treat that level as a reference point in the following sessions.

What to watch out for

It's a concept from auction theory, not a rule. The level doesn't have to be revisited.

This is the TPO – Market Profile in the Hetman Terminal (Chess Clock). Screenshot from the Hetman Index (IHA) – a training instrument, simulated data.
This is the TPO – Market Profile in the Hetman Terminal (Chess Clock). Screenshot from the Hetman Index (IHA) – a training instrument, simulated data. See all the Hetman Terminal tools →

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See also

Market Profile (TPO), Single prints, Acceptance and rejection.

More in Hetman Capital Club

You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).

Educational content, not investment advice.