Disliked{quote} You have no idea if their basic/fundamental knowledge of VP is enough to make them profitable.Ignored
Disliked{quote} Ahhh here we are with the assumptions again. I've read plenty of books and I've watched plenty of videos on VP. I've put in plenty of effort. Step down off your high horse and provide some value Mr. Knowitall. {quote}Ignored
Allow me ..........
I believe you have missed reading Steildmayer's book "Steidlmayer on Markets: Trading with Market Profile"
This is where some one will start posting a bunch of Steidlmayer references, that contain the word "volume", claiming that the famous Pete Steildlmayer uses Volume profiles
Think again..if anyone actually took the time to read Steidlmayer's book on MP would realize he has never used a Volume profile.
The "Volume" he refers to in his books is "Volume @ Time" not "Volume at Price"
From his own book.
From Steildlmayer's own software manual (Capflow) he spells it out in plain English that he does not use a Volume profile (volume at price), he spells out clearly that he uses volume @ time.
Steildmayer's Volume @ time indicator, is plotted on the Horizontal, not the vertical.
Attached Image
Attached Image
Same horizontal volume @ time plot described in his book
MP uses price over time (market generated info)
VP uses volume at price, volume at price is NOT market generated info because it does not contain the element of time.
Markets are not efficient, rather they are effective - Jones
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