Do you use Market Profile or Volume Profile? - Traders Hideout | futures io social day trading
futures io futures trading


Do you use Market Profile or Volume Profile?
Updated: Views / Replies:18,749 / 25
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 
Thread Tools Search this Thread
 

Do you use Market Profile or Volume Profile?

  #21 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


Massive l View Post
Well, I tried

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

LOL, ok now maybe I will read it.

Can you tell me what chapter of this book contains his summary conclusion, if such a thing exists?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #22 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received

OK, his summary:


Quoting 
In summary, the Market Profile is one way, and one of the best ways in my opinion, to listen to and interpret the marketís intention. Many traders may prefer to view the market with traditional bar charts, or to simply read the tape, or trade from the action in the pits. In fact, many of the most successful traders of all time did not have the advantage of the computer and the market profile graphic. However, the concepts and thought process that the Market Profile represents were still in use by many of these traders. The concepts that Market Profile illustrates so well is the important consideration, even if one prefers a different method to display market activity. Market Profile often does not give specific entry and exit points. That is probably why the vast majority of traders rely on indicators. It is difficult to backtest objectively the Market Profile concepts. Indicators can easily be put into a formula and numbers can be crunched on past data in seconds. But remember that the vast majority of traders lose money. The greatest traders have a market understanding that goes beyond the obvious. Again, there is no edge in what everyone knows. For those who rely on indicators, chat room gurus, and non-market generated information, I wish you good luck in your trading. You WILL need it. For those willing to pursue the difficult path of market understanding, you have a much better chance of creating your own luck, with a much better chance of success.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 8 users say Thank You to Big Mike for this post:
 
  #23 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
Futures Experience: Master
Platform: ninja
Favorite Futures: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011
Thanks: 559 given, 200 received

that is one of the best long term approaches to trade and survive



Big Mike View Post
OK, his summary:



Mike

agree whole heartedly.

a trader needs first to understand the market conditions and different ways it reacts to exterior stimulus.

without this understanding, a trader would only be relying on the secondary info which includes all indic and such.

to survive and do reasonably well consistently, a trader truly needs to grasp the dynamics of the market and the products which one wishes to conquor and to come up on top.

good quote and summary.

much thx and appreciation.

 
  #24 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
Futures Experience: Master
Platform: ninja
Favorite Futures: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011
Thanks: 559 given, 200 received

thx for the ref


Massive l View Post
Apr 21st, 2009 by Doug Tucker
Link w/ pics
Tucker Report Market Profile – A Primer Print

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

thx for the ref

it would be my first exposure. thx much.


Last edited by nakachalet; April 1st, 2012 at 08:23 AM.
 
  #25 (permalink)
Elite Member
Kansas City MO
 
Futures Experience: Intermediate
Platform: Thinkorswim
Favorite Futures: Stocks
 
Posts: 35 since Oct 2012
Thanks: 262 given, 17 received

I guess this is a really hard subject to get an answer on!!!!


Amnesia View Post
I'm still trying to figure out how to use Market Profile and volume profile with X_Trader, so far all i was able to find was the price distribution thing which is great in itself but i would much prefer to have an overlay of the data with candlebars for it to actually be of relevance to me.

I have seen a couple of webinars here where it is done but i have yet to find an explanation of how it is done with X_Study

I have the same issues. Can't figure out how anyone uses it and I've read a lot about it. Ugh!

 
  #26 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received

Main thread:
https://futures.io/elite-circle/20727-volume-profile-footprint-discussion.html

Also many webinars on futures.io (formerly BMT) that cover the basics.

Recent poll included in that thread, you can see a lot of people use it.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 3 users say Thank You to Big Mike for this post:

Closed Thread



futures io > > > Do you use Market Profile or Volume Profile?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Steidlmayer's Market Profile Evolves: Volume Strips tigertrader Traders Hideout 62 November 17th, 2017 07:48 AM
market profile (volume) indicator for ninja bobarian NinjaTrader 17 October 31st, 2015 02:27 PM
Free Market/Volume Profile package with new purchases of MultiCharts Bilderberger MultiCharts 1 March 22nd, 2012 05:17 PM
CME Free market profile based on volume trendisyourfriend Traders Hideout 5 September 30th, 2010 10:35 AM
Market profile without volume dimkdimk NinjaTrader Programming 4 February 8th, 2010 09:59 PM


All times are GMT -4. The time now is 05:59 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.11 seconds with 19 queries on phoenix via your IP 54.167.44.32