Starting with Market Profile and New here | Traders Hideout


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Starting with Market Profile and New here

  #3 (permalink)

Duluth MN
 
Trading Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
Broker/Data: AMP
Favorite Futures: ES
 
rocksolid68's Avatar
 
Posts: 1,025 since Jan 2015
Thanks: 1,399 given, 2,665 received



Maizietrader View Post
Hello Everyone,

I am new and really excited to have found this. I spent most of the night browsing around, what a great place.

I am starting my journey here, my first item is to learn market profile. I have been looking around but maybe I missed, is there a thread for newbie like me to start following. I have TS and TOS but now I was looking at RT and Linnsoft to really dedicate sometime to learn. any advice on where to start will be appreciated.

If also you can recommend one book to read about market profile then this would be great. I just learn better reading a book first to have a context

Thank you all and looking forward to being a member in this amazing forum

This forum is the best! You will never come across another one this good.

You already have the Elite membership which is AMAZING.

It would take a lifetime to get through all the information available there. So much of it is good.

I would suggest starting a journal the moment you decided to start trading, even if it is in SIM. This way other members can help you on issues specific to you!

As far as Market Profile goes, make sure you understand the difference of Volume and Market profiles. They plot similar, but display two different data sets.

Volume profile is tracking volume by price. Market profile is tracking time by price, otherwise known as Time Price Opportunity (TPO).

Good luck on your journey!

PS: Check out "DT's Premarket Prep" for a seasoned trader's thoughts on profiles!

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