I do use TL only for confirmation
- #583
- Jul 1, 2013 9:34am Jul 1, 2013 9:34am
- Joined Apr 2013 | Status: Now I know you | 5,576 Posts
don't predict direction, but dance with flow of water
- #584
- Jul 1, 2013 10:40am Jul 1, 2013 10:40am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
Battlefield: regular MP: below current price action atract the virgin POC's 2940 (weekly) and 2863 (monthly) above 3136 and 3218 daily POC's MMSMP: below current PA only 3014 as hourly POC above 3078 (daily) and 3096 (monthly) will offer strong resistance {image}
What does the "regular MP virgin POC's & MMSMP POC's stand for?
- #585
- Jul 1, 2013 11:17am Jul 1, 2013 11:17am
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} Hi Marcus, What does the "regular MP virgin POC's & MMSMP POC's stand for?
Hi Ally,
nice to see you here :-)
POC's are Point of control: that is the price in a given time span, which was traded most
Regular MP (Market Profile):
in regular Market Profile, you collect the price/volume data in a given period, like daily TF. At the end of this period you determine the POC. When then the next period starts, the old POC remains a "virgin POC" until the actual price touches it. Virgin POC's tend to attract price.
MMSMP is "my" special method of MP. It stands for Murrey Math Synchronized Market Profile.
That means: In Murrey Math I work normally on each TF with a lookback period of 32. That means, for example, that on a daily TF chart Murrey Math looks for the high and low of the last 32 days and starts its calculation.
In MMSMP I do the same. On daily TF MMSMP collects the data of the last 32 days to collect the price/volume data.
So the difference between regular MP and MMSMP basically is, that MP handles fixed periods, whereas MMSMP deals with rolling periods.
A 4h MMSMP chart has nearly the same data amount than a weekly regular MP chart.
Why have I done this:
since I use extensively Murrey Math, MMSMP helps me a lot to determine, when chances are highest for a reversal at any given TF.
The most important and reliable TF seems to be the 4h TF on Murrey Math and MMSMP
Hope that helps. If further questions, feel free to ask :-)
- #587
- Jul 1, 2013 11:50am Jul 1, 2013 11:50am
- Joined Jun 2010 | Status: zero | 20,603 Posts
Market Profile levels
- #588
- Edited 12:55pm Jul 1, 2013 12:44pm | Edited 12:55pm
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
{quote} Hi Ally, nice to see you here :-) POC's are Point of control: that is the price in a given time span, which was traded most Regular MP (Market Profile): in regular Market Profile, you collect the price/volume data in a given period, like daily TF. At the end of this period you determine the POC. When then the next period starts, the old POC remains a "virgin POC" until the actual price touches it. Virgin POC's tend to attract price. MMSMP is "my" special method of MP. It stands for Murrey Math Synchronized Market Profile. That means:...
Thanks, got it now!
Nice club you have here
- #589
- Jul 1, 2013 12:48pm Jul 1, 2013 12:48pm
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #592
- Jul 1, 2013 4:02pm Jul 1, 2013 4:02pm
- Joined Mar 2012 | Status: Trader | 10,087 Posts
{quote} Thanks, got it now! Nice club you have here
Welcome here!
- #598
- Jul 2, 2013 5:34am Jul 2, 2013 5:34am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
looking for investors . pm me
