DislikedThanks for starting the thread MsVega. I admit that I know little about this subject and it's something I want to learn.Ignored
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DislikedThanks for starting the thread MsVega. I admit that I know little about this subject and it's something I want to learn.Ignored
DislikedHi, Regarding the TPO count and imbalance in a balanced day by counting TPOs above and below POC, I have seen Dalton say that overnight inventory is short if there is more TPOs below settle and long if above settle. Why is this difference in logic when applied to MP during a normal session, where TPOs below POC are considered buy and TPOs above POC are considered sell. Please enlighten me. Also, I see that TPOs constituting buying tails and selling tails are not counted in a balanced day MP when counting imbalance of buyers and sellers. Am I right?...Ignored
DislikedBeginnings of Auction Market Analysis: Steidlmayer Original Decisions J.P. Steidlmayer started as a floor trader at the Chicago Board of Trade in 1963. Over time he developed the concepts from which evolved the Market Profile volume charts and an auction market description as well . The seven market concepts below are a brief overview of his work. 1) All the publications he searched attempted to predict the market. They failed. He surmised that prediction of the future should not be a goal. 2) Graham and Dodd's book Security Analysis showed that...Ignored
QuoteDislikedAs price is negotiated, some prices are accepted by the marketplace and create heavy volume. Rejected prices, the highs and lows, and sometimes opens and closes, are seldom traded and generate little volume. By trading many times throughout a day, accepted prices identify value.