Food For Thought!!

[Artful]

I read an article in Traders Magazine (http://www.traders-mag.com) about a man that devised a system based on The CBOT Market Profile and Welles Wilder's Directional Movement Indicator, which he uses to trade the DAX.

This is a 346 Page document so it takes a while. It is a Floor Trader's Six Part Study Guide written by Peter Steidlmayer and it's FREE to download.

The link for CBOT's Market Profile can be found at,

http://www.enthios.com/cme_sources1.htm

Also at the top of this page are a number of other links that maybe interesting, I hope that you are all using some kind of charting package.

As for information on The ADX indicator then you should do a Google search, for Direction Movement, or goto

http://www.incrediblecharts.com/technical/directional_movement.htm

Have fun, Artful

 

[Skimbleshanks]

Thanks for posting this Artful - very useful. Market profile is something which I believe has never been discussed on T2W, well certainly not to my knowledge! The people who use it (not me), seem to swear by it.

 

[bonsai]

its powerful stuff, if you find a package that supports it.

recommended.

 

[bonsai]

if not then you need a dde link, some VB, a spreadsheet and a very long weekend.

 

[mmillar]

Artful,

You obviously have better eyes than me. I can't see any reference to Market Profile - which page is it on?

Personally, I've always found Market Profile as useful as Pivot Points - read that as you wish.

Without wishing to advertise for them (cause they're in my bad books at the moment ) eSignal have a market profile calculator for their charts at $7 per month.

Cheers

mmillar