Well, that would be absolutely splendid news if only the person who actually invented the model 30 years ago hadn't declared it almost completely useless less than a decade later. He said himself from the outset that it was born into an environment of open outcry where the commercials guys, and their activity, was visible to all in the pits. He had a lot more than just MP to aid his trading endeavours. As trading and data supply changed, the focus centred on the profile itself rather than the quality of the data which originally comprised it. The critically important aspects of the start of day in establishing who had control (short-term or long-term) and the necessity for normality (Gaussian distribution) are often overlooked, as is the case here.MP is real raw data. It is not manipulated by any indicator, mathematical scheme, algo or average. It Runs in a 30 min time frame so it eliminates the chop, fast enough to catch the bigger moves. It is the most efficient way to organize the data showing time and volume in one place, actually the only place. Everything that hits the manipulated market is contained within the profile and all markets look the same through the profile. It shows who is in control and accurately predicts support, resistance and market direction accounting for volatility.Very had to be on the wrong side of the market when you see the changes as they develop by reading the profile not when an indicator tells you in a lagging sense.
It is the only non indicator based way to trade the markets and is registered through the exchanges. You don't need to depend on someone's Holy Grail indicator. Market Profile is meant to be kept simple and yes there are traders out there that need to complicate it and make it look very difficult when you really could grasp the method of MP in a few days.
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