Don't wish it were easier, wish you were better. ~ Jim Rohn
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
Day Trading Journal - CME & CBOT Futures 3,167 replies
ctrader cbot 1 reply
Market Profile And Volume Profile MT5 7 replies
CBOT Corn 0 replies
Market profile trader-Merged profile 0 replies
DislikedIf u like to trade with MP indicator, go here http://www.traderslaboratory.com/forums/f6/mp-for-the-metatrader-4-platform-5668.html#post63811.Ignored
DislikedAnyone here ever play with merging profiles, at key points in sentiment change? One way to look at all this is, following the market from a swing low, as it auctions higher until there is no more demand, I would like to know the value created from that auction up. Knowing this information will give me a good idea of where price may pull back to, where we may see a return of demand.Essentially I am focusing on key points in sentiment change (swing highs and lows). Also focusing on areas of overlapping balance. Balance is essentially an overall agreement...Ignored
Dislikedthe graphic itself means nothing if taken out of context
You can trade w/ market profile concepts w/o ever using the graphic, or, sadly... you can trade w/ just the graphic, w/o any of the concepts, and fail miserably in the process.Ignored
DislikedIt's all about understanding supply and demand.
If you do not understand these things, you should not expect the market profile to make you a successful trader. You will need to continue studying until you do understand them, fancy graphics alone will not make you a better trader.Ignored
QuoteDislikedI like the stuff about the long term sellers and buyers and how the day traders (short term buyers / sellers) are the middle men between the long term traders, so to speak.
QuoteDislikedI'm still trying to grasp the concepts of the initiative and responsive traders.
QuoteDislikedEven if I grasp all the concepts I still need to figure out how to apply it all, but what I like mostly is that it provides some insight as to why those bars do what they do where they do them and the market structure to some degree. This may sound dumb, but it gives me the 'human side' of what people are doing and not just looking at bars and numbers.
Dislikedbut if anyone is interested, I will try to post more over time.Ignored