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Trading using Market Profile

  • #101
  • Dec 8, 2016 2:33pm Dec 8, 2016 2:33pm
lets see if i have this straight. what your saying is a high or a low is formed straight after the market open and either this high or low is not 'broken'?

so lets say the open occurs and we immediately go up to form a high, price drops but will not make another new high that day, is that what you mean?.
  • #102
  • Dec 8, 2016 2:54pm Dec 8, 2016 2:54pm
Quoting kraven
lets see if i have this straight. what your saying is a high or a low is formed straight after the market open and either this high or low is not 'broken'? so lets say the open occurs and we immediately go up to form a high, price drops but will not make another new high that day, is that what you mean?.
I don't see this question addressed to anyone, and nothing is quoted, are you asking this to me? Or to EagleFaith? Or Who?

If you're asking me, what you have stated is not correct. Let me say it like this: if the market opens and then begins going higher, the indicator will simply move higher with it, showing the ever increasing high of the day. We will, of course, have no idea how high the high will go. Nor will we know if it starts dropping how low it will go. The indicator merely shows the high and the low of the day, and it keeps moving every time a new high or a new low is formed.
  • #103
  • Dec 8, 2016 3:34pm Dec 8, 2016 3:34pm
Quoting Dreamliner
{quote} I don't see this question addressed to anyone, and nothing is quoted, are you asking this to me? Or to EagleFaith? Or Who? If you're asking me, what you have stated is not correct. Let me say it like this: if the market opens and then begins going higher, the indicator will simply move higher with it, showing the ever increasing high of the day. We will, of course, have no idea how high the high will go. Nor will we know if it starts dropping how low it will go. The indicator merely shows the high and the low of the day, and it keeps moving...
That's what i'm getting at. So have i missed something here? how does this benefit us or show something we can't just see when the price moves.

Eaglefaith maybe you could explain it's benefit?
  • #104
  • Dec 9, 2016 9:39pm Dec 9, 2016 9:39pm
Hey Dreamliner made my first bad trade out of about 50 straight wins. I have now activated the Higher high and lower low of the indicator if I had this on that last trade would not have went bad. In the properties of the indicator it is Draw_PD_HOLO_Lines. You need to turn this on. It is very valuable.
  • #105
  • Dec 9, 2016 11:16pm Dec 9, 2016 11:16pm
Quoting eaglefaith7
Hey Dreamliner made my first bad trade out of about 50 straight wins. I have now activated the Higher high and lower low of the indicator if I had this on that last trade would not have went bad. In the properties of the indicator it is Draw_PD_HOLO_Lines. You need to turn this on. It is very valuable.
I turned it on now.
  • #106
  • Jan 22, 2017 3:46am Jan 22, 2017 3:46am
Quoting kraven
{quote} That's what im getting at. So have i missed something here? how does this benefit us or show something we can't just see when the price moves. Eaglefaith maybe you could explain it's benefit?
I can't remember where I read or saw it but basically In a nutshell as humans we prcess data in various ways and search for the most optimal way for registering data. Hence all the different indicators! So it seems a verticle representation of sessions combined with static price trend and session ranges makes our brain happy. I haven't forked over the $40 for this indicator yet so I'm doing it the sideways (regular way)and not really at all yet because I haven't found a good sessions indicator. But I think amp is a great way to trade ceiling and floors of the weeks trend on a daily depending on the currency.
  • #107
  • Jul 11, 2018 2:23am Jul 11, 2018 2:23am
Am interested in learning Market Profile as I'm still hitting a wall since. So is this working? I am seeing eaglefaith hasn't logged in ever since more than a year ago - has he gotten rich already?
"May the pips be with you!"
  • #108
  • Jul 30, 2018 7:00pm Jul 30, 2018 7:00pm
Does anybody know how to use market profile in trading? How to make it make sense?
  • #109
  • Sep 30, 2018 12:07pm Sep 30, 2018 12:07pm
Quoting Bobby69
Does anybody know how to use market profile in trading? How to make it make sense?
Just try here this thread : https://www.forexfactory.com/showthread.php?t=277528
  • #110
  • Mar 25, 2023 12:07pm Mar 25, 2023 12:07pm
Interesting thread indeed. Generally speaking, trading is a game of probabilities with an edge. Just find what works for you and do it consistently. I'm moving with the Market profile now, wish me luck ;-)
  • #111
  • Last Post: Jan 6, 2024 5:45am Jan 6, 2024 5:45am
Also, who uses the market profile, pay attention to the troughs (minimum volume). Those are good places to magnetize the price.
My best indicators from UPD.ONE
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