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Northern California
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
Jeff Castille's Avatar
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,289 received

bobbyacim View Post
After spending a small fortune and much sweat, it looks like my trading is turning around.
Discarded most all conventional technical indicators and explored a new approach. Market Profile analysis.
Which takes market data and places it inside a gaussian distribution model. It allows you to see much more than simple open-close, high/low.
It looks at market as a auction process and lets you guage the fair market price as well as the value areas have formed where 70% of participants have traded (+ 1, -1 standard divation). A very holistic view of what is happening and as a result I no longer take a trade based on where the technicals point alone.

I can see major support and resistance levels several days back and well as judge who is trading? long-term traders or short term. Learning this type of analysis is not easy, I have read multiple books on the subject but what really put it into perspective was a Market profile bootcamp from profiletraders.com. The creater is a guy named REZA. Also a lot cheaper than other courses offered out there on market profile.

Shortly I will be posting screen shots of some of my recent succesful trades.

I can not believe I am writing this post considering a few months back when I wrote Ten-thousand and still not profilable, I was about to give up!

Warning, Market profile is not easy to learn and use, but so far I can tell you, it has made a huge difference in my trading results and approach. I will keep you posted.....

This is tremendous news!!! I am very happy for you.

I am sure the entire forum is interested in how you made your break through......



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