Starting with Market Profile and New here | Traders Hideout


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Starting with Market Profile and New here

  #9 (permalink)

New York, NY/USA
 
Trading Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Maizietrader's Avatar
 
Posts: 9 since Sep 2016
Thanks: 4 given, 3 received


rocksolid68 View Post
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!

Thanks for pointing out DT

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