Value areas for stocks

[joe4422]

These are some of the most useful support resistance areas I've found and come to depend on, check em out. Just throw em up on your charts and see how they work:

Stock market analysis and live trades

 

[joe4422]

Here's the numbers for AAPL and FAS on Tuesday

AAPL

HVA:138.28
LVA: 136.40


FAS

HVA:8.88
LVA: 8.24

 

[joe4422]

Here's a video showing them,

YouTube - Market profile numbers for stocks

 

[Anton_eGo]

Hello Joe! Can you explain the interpretation of the points of control and high/low value areas.
Thank you!

 

[joe4422]

Hey there,

Well, as far as getting the numbers, you'll need market profile charting software, I haven't found any for free yet.

There's a lot you can do with market profile, and I think the video gives some examples. Basically, you can use them as support/ resistance areas. For example, buying the High value area of FAS on Friday was a great buy. I was holding out for the point of control but didnt get filled. On a choppy day, the high value area is a place to short, and the low value area to buy.

 

[tenbobtrader]

Hello Joe! Can you explain the interpretation of the points of control and high/low value areas.
Thank you!

should find something to keep you busy

link to a good free book on subject called MP handbook I think

you can work it out for yourself over a week or two and see if its what your looking for

Career CISCO

Market Profiles/Meta-Profiles Develop Market Structure

and an easy read basics article attached

 

[jiggly]

or a quick and dirty way to get the same, if not a similar result is to find the volume weighted average price.

you can eye ball this on a chart, it is a price area where the majority of the volume came into the market , otherwise known as, the point of control or the median price for a given period of time

 

[Anton_eGo]

should find something to keep you busy

link to a good free book on subject called MP handbook I think

you can work it out for yourself over a week or two and see if its what your looking for

Career CISCO

Market Profiles/Meta-Profiles Develop Market Structure

and an easy read basics article attached

Thank you tenbob! Hope it'll help me in getting more experienced!

 

[joe4422]

The full understanding and use of market profile is actually a pretty big subject. But you can dumb it down a lot and make money just using the value areas as support/resistance. Think of them as pivots that are derived from the previous days trading environment. The value area high is the top of the trading range and the value area low is the bottom.