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Do you use Market Profile or Volume Profile?
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Do you use Market Profile or Volume Profile?

  #11 (permalink)
Elite Member
La Jolla, CA
 
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Lornz View Post
Judging by the level of activity, and quality of the posts, on various fora, it's becoming very apparent that daytrading is nearly dead now. I've often wondered if there is a secret forum somewhere -- in which all of the profitable traders post --- but I think most have either retired, established private connections or found solace in seclusion.

Lol! You can still make a few bucks in the markets as I'm sure you know but I get your point.

Cheers,
PB

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  #12 (permalink)
Elite Member
Portland, OR
 
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nakachalet View Post
hi @massive I:

alright, since you've been using them both profitably in your own trading, the m and the v profiles;

would you kindly spell them out succinctly for many of us, in terms of:

1--how are they used in general? and;

2--how do you personally apply them in your own trading; without having to reveal or show your trading secret, pls?

much obliged masssive I and much thx

I've checked out mp, but I only use vp.
I have a journal here in the elite section
as well as a more established one on another site.

I started out reading it like most; Tests in low volume by price areas and
attraction towards high volume by price areas. As price establishes a POC,
it often rotates between two areas of low volume by price. Before
price becomes efficient it marks up or marks down. A new POC is then established
or price moves back to an already established POC/tests a previous area of low volume by price.

I use a more mechanical vp approach now where I trade using two custom levels
based on a code I wrote for the thinkorswim platform. My approach is very basic
in its elements with focus on specific prices and risk/trade management.

Psychology > Strategy ≥ Money

Last edited by Massive l; March 31st, 2012 at 03:05 PM.
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  #13 (permalink)
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siam, west coast andaman sea
 
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massive1, thx for taking the time....



Massive l View Post
I've checked out mp, but I only use vp.
I have a journal here in the elite section
as well as a more established one on another site.

I started out reading it like most; Tests in low volume by price areas and
attraction towards high volume by price areas. As price establishes a POC,
it often rotates between two areas of low volume by price. Before
price becomes efficient it marks up or marks down. A new POC is then established
or price moves back to an already established POC/tests a previous area of low volume by price.

I use a more mechanical vp approach now where I trade using two custom levels
based on a code I wrote for the thinkorswim platform. My approach is very basic
in its elements with focus on specific prices and risk/trade management.

@massive1

thx for taking the time. shall look for your established journal and read more comprehensively there, perhaps.

thx much again.


Last edited by nakachalet; March 31st, 2012 at 06:12 PM.
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  #14 (permalink)
Trading for Fun
Vienna Austria
 
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Is there a tutorial somewhere on how to incorporate VP or MP into Xstudy?

 
  #15 (permalink)
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siam, west coast andaman sea
 
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any other locality, pls?

@massive1

in ref to yours: .... I have a journal here in the elite section
as well as a more established one on another site....

sorry, no familiar enough to locate your journal within bmt per your ref.

is there another location where your journal is housed, pls?

thx again



nakachalet View Post
@massive1

thx for taking the time. shall look for your established journal and read more comprehensively there, perhaps.

thx much again.


 
  #16 (permalink)
Elite Member
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Psychology > Strategy ≥ Money
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  #17 (permalink)
Elite Member
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Apr 21st, 2009 by Doug Tucker
Link w/ pics
http://tuckerreport.com/articles/market-profile-a-primer/printpage/

EDIT - no reason to post the article (it was long) without the pics...just click the link.

Psychology > Strategy ≥ Money

Last edited by Massive l; April 1st, 2012 at 12:21 AM.
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  #18 (permalink)
Membership Revoked
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I will wait for the Cliff notes on this article....

 
  #19 (permalink)
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sunil patel View Post
I will wait for the Cliff notes on this article....

I will wait for the cliff notes of the cliff notes.

Mike

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  #20 (permalink)
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Well, I tried

cliffs: volume profile/market profile is a joke. Avoid.

Psychology > Strategy ≥ Money

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