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About market profile?

  • #1
  • First Post: Jan 9, 2009 4:26am Jan 9, 2009 4:26am
Hello everybody . wanna know abt market profile tool . where can i find it and how to use . I heared that it's very beneficial in determining the buy and sell points of banks and big institutes so if anybody have an idea just throw it here
Winners never quit and quitters never win. Vince Lombardi
  • #2
  • Jan 9, 2009 5:12am Jan 9, 2009 5:12am
Hi, i'm interest in market profile too, but only know a little.
I use this ex4.

olive : asia market
navy : europe market
maroon : US market

the graph shows volume on current price.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 6102-market-profile-marketprofile.ex4   6 KB | 986 downloads
Life is short..so learn from your mistakes.
  • #3
  • Jan 9, 2009 11:42am Jan 9, 2009 11:42am
Market profile is based on trading volume, so using it with forex is useless given that we don't see the overall market volume. I'll repeat this at post 100 or something.
The breaking of a wave cannot explain the whole sea.
  • #4
  • Jan 9, 2009 12:07pm Jan 9, 2009 12:07pm
Quoting Craig
Market profile is based on trading volume, so using it with forex is useless given that we don't see the overall market volume. I'll repeat this at post 100 or something.
Roger That!!
  • #5
  • Jan 9, 2009 1:03pm Jan 9, 2009 1:03pm
Quoting terow
Roger That!!
The breaking of a wave cannot explain the whole sea.
  • #6
  • Jan 9, 2009 2:05pm Jan 9, 2009 2:05pm
Quote
Market profile is based on trading volume, so using it with forex is useless given that we don't see the overall market volume. I'll repeat this at post 100 or something.

That's a myth, actually. Market profile is based on trading price thru time, volume was only added after the fact. You can easily trade MP w/o volume.

We had a discussion not long back...
http://www.forexfactory.com/showthread.php?t=38423

Some resources there.
  • #7
  • Jan 9, 2009 6:16pm Jan 9, 2009 6:16pm
Quoting Rabid
That's a myth, actually. Market profile is based on trading price thru time, volume was only added after the fact. You can easily trade MP w/o volume.

We had a discussion not long back...
http://www.forexfactory.com/showthread.php?t=38423

Some resources there.
I agree with you . hope that if anyone have more info. to post here . thanks mates
Winners never quit and quitters never win. Vince Lombardi
  • #8
  • Jan 9, 2009 6:30pm Jan 9, 2009 6:30pm
Look up DownRiverTrader's post's.

He trades using market profile...you might be able to gain something from his threads.
The greatest enemy of a good plan is the dream of a perfect plan.
  • #9
  • Jan 9, 2009 6:52pm Jan 9, 2009 6:52pm
Quoting steve10%
Look up DownRiverTrader's post's.

He trades using market profile...you might be able to gain something from his threads.
please put the link to that thread here . thanks 4 concern
Winners never quit and quitters never win. Vince Lombardi
  • #10
  • Jan 9, 2009 6:56pm Jan 9, 2009 6:56pm
<p>
Quoting Tyfinity
Hi, i'm interest in market profile too, but only know a little.</p><p>I use this ex4.</p><p>&nbsp;</p><p>olive : asia market</p><p>navy : europe market</p><p>maroon : US market</p><p>&nbsp;</p><p>the graph shows volume on current price.
</p><p>&nbsp;</p><p>thanks man . sorry for slow writing ( iam using my cell phone right now )</p>
Winners never quit and quitters never win. Vince Lombardi
  • #11
  • Jan 9, 2009 7:05pm Jan 9, 2009 7:05pm
I looked at his material, he doesn't use market profile... he uses something called "the Now Pivot" which is definitely not a market profile.

Just get the book "Mind over Markets" and the Market Profile Handbook from the CBOT. If you need anything else, get Dalton's stuff. You will not find good MP info on this forum, it doesn't seem like very many people understand it. Even on traderslab, even with a forum designated for the MP, they don't seem to have a firm grasp on the subject. They spend half their time talking about volume weighted distribution, which is completely tangental.
  • #12
  • Jan 9, 2009 7:13pm Jan 9, 2009 7:13pm
Quoting Rabid
I looked at his material, he doesn't use market profile... he uses something called &quot;the Now Pivot&quot; which is definitely not a market profile.

Just get the book &quot;Mind over Markets&quot; and the Market Profile Handbook from the CBOT. If you need anything else, get Dalton's stuff. You will not find good MP info on this forum, it doesn't seem like very many people understand it. Even on traderslab, even with a forum designated for the MP, they don't seem to have a firm grasp on the subject. They spend half their time talking about volume...
huh mate seems that's not easy way to go . thanks 4 the book name . but have u just tried to use the mp b4 ?
Winners never quit and quitters never win. Vince Lombardi
  • #13
  • Jan 9, 2009 7:22pm Jan 9, 2009 7:22pm
Do you use market profile in your trading Rabid? Ive never really looked in to it, but I will do now. I see alot of mention of it at t2w.

Leon
Living the adventure in my head.
  • #14
  • Jan 9, 2009 7:25pm Jan 9, 2009 7:25pm
Quote
Do you use market profile in your trading Rabid? Ive never really looked in to it, but I will do now. I see alot of mention of it at t2w.

Nod. Check the thread I linked to above.
  • #15
  • Jan 9, 2009 7:29pm Jan 9, 2009 7:29pm
Quoting Rabid
I looked at his material, he doesn't use market profile... he uses something called "the Now Pivot" which is definitely not a market profile.

Just get the book "Mind over Markets" and the Market Profile Handbook from the CBOT. If you need anything else, get Dalton's stuff. You will not find good MP info on this forum, it doesn't seem like very many people understand it. Even on traderslab, even with a forum designated for the MP, they don't seem to have a firm grasp on the subject. They spend half their time talking about volume weighted distribution,...
You are correct I just automatically associate the term market profile with DRT

Here he refers to it as price distribution studies

http://www.forexfactory.com/showthread.php?t=85476
The greatest enemy of a good plan is the dream of a perfect plan.
  • #16
  • Jan 9, 2009 7:29pm Jan 9, 2009 7:29pm
Quoting Leonlorenzo
Do you use market profile in your trading Rabid? Ive never really looked in to it, but I will do now. I see alot of mention of it at t2w.

Leon
could u please attach the t2w link . regards ,
Winners never quit and quitters never win. Vince Lombardi
  • #17
  • Jan 9, 2009 9:20pm Jan 9, 2009 9:20pm
Quote
Here he refers to it as price distribution studies

Nod. Price distribution is only the first part of the process.
  • #18
  • Jan 10, 2009 4:37am Jan 10, 2009 4:37am
Quoting cristiano7
could u please attach the t2w link . regards ,
anyone know the link to the t2w please attach it .
Winners never quit and quitters never win. Vince Lombardi
  • #19
  • Jan 10, 2009 6:47am Jan 10, 2009 6:47am
Quoting Rabid
Nod. Price distribution is only the first part of the process.
Hey Rabid,

If my understanding of MP is correct, then it would have to based on the futures market and not the spot. Is that correct? Btw, I just looked at my bookshelf and I see "Markets in Profile" and "Mind over Markets". I don't recall ever reading them though, I guess I might make some time if I can find the time, lol.

What charts do you use? I have an eSignal account and they have MP.
  • #20
  • Last Post: Jan 11, 2009 8:50am Jan 11, 2009 8:50am
Quoting cristiano7
anyone know the link to the t2w please attach it .
Sorry, I didnt meen T2W. Its TL with the Market profile section, check your PM for the link.

Leon
Living the adventure in my head.
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