Market Profile - just another indicator?

This is a discussion on Market Profile - just another indicator? within the Technical Analysis forums, part of the Methods category; Originally Posted by kimo'sabby What is MP? This is all you need to ask yourself. You prove me wrong mate, ...

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Absolute Magic. 0 0%
A Useful Technique. 4 66.67%
No better than other TA. 2 33.33%
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You have to be kidding - what a waste of time. 0 0%
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Old Jul 31, 2010, 10:55pm   #15
Joined Nov 2007
Re: Market Profile - just another indicator?

Quote:
Originally Posted by kimo'sabby View Post
What is MP? This is all you need to ask yourself.

You prove me wrong mate, i will honestly hold my hands up.

I'm not trying to suss you out, but what i am trying to say is that MP is just obvious re-worked material....PVT.
I'm not saying anybody is wrong or anybody is right, at the end of the day all I can do is say what I think about MP from my experience of it.

"Tomatoes, Tomatoes" innit.
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Old Jul 31, 2010, 11:05pm   #16
Joined Apr 2010
Re: Market Profile - just another indicator?

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Originally Posted by MrGecko View Post
I'm not saying anybody is wrong or anybody is right, at the end of the day all I can do is say what I think about MP from my experience of it.

"Tomatoes, Tomatoes" innit.

If you can get it for free and you like it....

All that i would say is don't pay for it, you're being done mate, seriously.

Actually, i'm wrong there. If you are paying for it, make sure you are getting your monies worth.

Take into consideration comms, spread......and MP.
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Old Aug 1, 2010, 2:28pm   #17
Joined Oct 2006
Re: Market Profile - just another indicator?

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Originally Posted by pboyles View Post
Use yesterdays value area high and value area low as support and resistance.
Here's an example
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Old Aug 12, 2010, 4:52pm   #18
 
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Re: Market Profile - just another indicator?

I've just finished reading the book, and am wondering whether or not there is any validity to the author's claims. Does anyone know if there are any academic studies that analyse Market Profile?
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Old Aug 13, 2010, 6:44pm   #19
 
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Re: Market Profile - just another indicator?

There are several Market Profile books. Which Market Profile author are you referring to and what claim did he make?
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Old Aug 13, 2010, 7:48pm   #20
Joined Nov 2001
Re: Market Profile - just another indicator?

In February I got interested in MP for the second time and plotted the prices on Excel. Here is the chart.

As you can see, each day showed a trend on the previous day, but so does a bar chart.

The fair value is clearly visible but I can find that on a bar chart much easier by drawing a line where it cuts the most bars.

If there is something here that I am missing, please tell, because I gave it up.

My question as to why it had been devised remains unanswered except that you hasve to buy the software.
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File Type: xls MP FEB 15 to 19 2010.xls (34.5 KB, 192 views)
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Old Aug 13, 2010, 9:59pm   #21
 
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Re: Market Profile - just another indicator?

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Originally Posted by SLink View Post
There are several Market Profile books. Which Market Profile author are you referring to and what claim did he make?
I read Markets in Profile

http://books.global-investor.com/boo...ts-in-Profile/

He makes many claims. One is that if prices rise on high volume, then prices are more likely to continue.

I've been watching intraday charts lately. When prices move, then they almost always move on volume. But that does not move to follow through. And the bars afterwards normally have normal volume.
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