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Volume Profile and MTPredictor
Updated December 8, 2013
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Volume Profile and MTPredictor
December 1st, 2012, 01:56 PM
Sherborne, United Kingdom
Experience: Intermediate
Platform: QTrader
Broker: IB/CQG
Trading: Retrospectroscope - for 20/20 Hindsight
Posts: 115 since Aug 2012
Thanks Given: 68
Thanks Received: 207
Just for interest and comparison's sake here's the finest 'resolution' - 1 minute - chart that the stand-alone version allows.
"Give me control of a nation's money and I care not who makes the laws."
Can you help answer these questions
Best Threads (Most Thanked)
December 24th, 2012, 08:59 PM
HK china
Posts: 2 since Nov 2012
Deucalion
I don't give Steve credit for making excuses for MTP (as a standard tool it is at best average), but he is right on two (very big) counts -
Control your risk
Use MTP wave tools to go beyond the standard setups
My own 2cnts -
From (2) above, use a
non correlated tool to confirm or discard the wave. ES had a horrible 6point
range today, yet; plenty of structure.
Also, I am using Acme's VP tools, not
Gomi 's. I find little use for the profiling but the Footprint is worth its weight in gold.
December 24th, 2012, 09:59 PM
Melbourne/Australia
Experience: Advanced
Platform: NinjaTrader, MT4, Jigsaw
Broker: NinjaTrader Brokerage, FPMarkets
Trading: Forex
Posts: 59 since Oct 2011
Thanks Given: 32
Thanks Received: 22
lixiang07
It make money for you?
December 26th, 2012, 07:07 AM
HK china
Posts: 2 since Nov 2012
Lawrencejude
I have seen this tool in action on manual trading it does not make u money no tool does. tools just help u make educated decisions. u need to know the core, tools are just add-ons to help you
April 7th, 2013, 04:27 PM
Venice/Italy
Experience: Beginner
Platform: NinjaTrader
Trading: Futures,Stocks
Posts: 3 since May 2012
Thanks Given: 4
Thanks Received: 1
Deucalion
I have never been able to effectively combine anything with MTP - zones, volume bars, VSA, Profiles. But
Order flow is showing some promise.
December 8th, 2013, 06:27 AM
kuala lumpur+selangor/malaysia
Posts: 7 since Dec 2013
Thanks Given: 5
Thanks Received: 1
Chez
I know that some traders like to use mtp and another method and then look for confluence. MTP has even had joint webinars with the "flux" guys showing how the two can work together.
I'm happy with just using MTPredictor, but have also been reading some of the threads on
Volume Profile . So I was a little excited when I saw a setup on the NQ this afternoon right on the
VPOC . Obviously, one trade does not make a system but was curious to see if anyone else has looked at the two methods (elliot wave / fibs / abc corrections and the use of volume profile.
Let me know if you think the two can benefit each other.
December 8th, 2013, 09:16 AM
Phoenix, AZ USA
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: NQ
Posts: 82 since Nov 2011
Thanks Given: 129
Thanks Received: 103
francis3388
By the way, may I know how to I download the abovementioned indicator in my platfor, thank you
MTPredictor.com | Control Your Trading Risk and Win
Last Updated on December 8, 2013
