Market Profile vs. Price Action | Currency Futures


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Market Profile vs. Price Action

  #5 (permalink)

Manila, Philippines
 
Trading Experience: Beginner
Platform: CQG,Bookmap,Sierra Chart
Broker/Data: CQG
Favorite Futures: BUND
 
jerbersoft's Avatar
 
Posts: 59 since Apr 2014
Thanks: 46 given, 26 received

I believe PA and MP should be able to complement each other. You will be able to see in MP exactly where most of the business was done in the day and you can use PA to time your entries. I would not say that this is effective but it makes sense.

PA basically just looks at bar/candlestick patterns and price and does not take volume information into consideration. Adding volume to PA makes it more effective. Look for topics such as Volume-Price Analysis (VPA) and it will make MORE sense to you.

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