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Market Profile and intra-day trading


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Market Profile and intra-day trading

  #1 (permalink)
 himmel 
San Francisco
 
Experience: Intermediate
Platform: SierraChart
Trading: CL , Emini
Posts: 10 since Feb 2011
Thanks Given: 2
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Struggling with this..so I thought I'd post to futures.io (formerly BMT).


I spent the last few months seriously studying Market Profile and I've made some good gains in general. But I'm still struggling with its application for intraday trading (on CL). I know MP in general is more of a macro approach , but I was wondering if anyone has found success using 30 mins profile with 1-3 min blocks?


I've been googling and I cant find much material on this application (might be a good reason for that..)

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  #3 (permalink)
 RielA 
Winnipeg, Canada
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES/ZB
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I trade intraday and I just work off the current days profile as it develops. Complimented with using the Developing Value Area.

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  #4 (permalink)
 himmel 
San Francisco
 
Experience: Intermediate
Platform: SierraChart
Trading: CL , Emini
Posts: 10 since Feb 2011
Thanks Given: 2
Thanks Received: 6

O neat! If you dont mind me asking, how do you use the developing VA? I tried to incorporate that but it seemed to much like a moving target.

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  #5 (permalink)
 RielA 
Winnipeg, Canada
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES/ZB
Posts: 106 since Apr 2015
Thanks Given: 94
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I use it more for defining market sentiment and phases; knowing when prices are in balance and out of balance. You can see prices gain momentum and trend when they're outside of the DVA (out of balance) and prices range more when inside the DVA (fair prices). I kind of took a page from Wyckoff with this one.

Although I also may use it for trade location, either fading the DVA High or Low when prices are ranging, perhaps even anticipating a breakout from the DVA. Or as a place where buyers or sellers will defend on a retracement when prices have moved out of balance.

I'm not sure what you mean by a moving target but I feel its important to have dynamic concepts that change with the market in my analysis.

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  #6 (permalink)
 himmel 
San Francisco
 
Experience: Intermediate
Platform: SierraChart
Trading: CL , Emini
Posts: 10 since Feb 2011
Thanks Given: 2
Thanks Received: 6

The moving target comment was referring to the DVA , I mostly trade CL and I guess I haven't really been able to translate this to an actual trades. But that's just me - it could also be a complete lack of practice/ understanding on my part -_-.

I guess my current focus has been trying to find short term structure in 30 min profiles with open type, overnight structure, and previous day(s) as context. From there I look for potential long/short areas based on the direction and day type...but maybe I'm just making it harder then it really is.




But thanks, that does help - it gives me reason to revisit something I wrote off.



RielA View Post
I use it more for defining market sentiment and phases; knowing when prices are in balance and out of balance. You can see prices gain momentum and trend when they're outside of the DVA (out of balance) and prices range more when inside the DVA (fair prices). I kind of took a page from Wyckoff with this one.

Although I also may use it for trade location, either fading the DVA High or Low when prices are ranging, perhaps even anticipating a breakout from the DVA. Or as a place where buyers or sellers will defend on a retracement when prices have moved out of balance.

I'm not sure what you mean by a moving target but I feel its important to have dynamic concepts that change with the market in my analysis.


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  #7 (permalink)
 
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 Big Mike 
Manta, Ecuador
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himmel View Post
Struggling with this..so I thought I'd post to nexusfi.com (formerly BMT).


I spent the last few months seriously studying Market Profile and I've made some good gains in general. But I'm still struggling with its application for intraday trading (on CL). I know MP in general is more of a macro approach , but I was wondering if anyone has found success using 30 mins profile with 1-3 min blocks?


I've been googling and I cant find much material on this application (might be a good reason for that..)

The big thread is here:



Mike

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  #8 (permalink)
 himmel 
San Francisco
 
Experience: Intermediate
Platform: SierraChart
Trading: CL , Emini
Posts: 10 since Feb 2011
Thanks Given: 2
Thanks Received: 6


aiforus View Post
What is the reason to learn MP with so small blocks?

Sorry for the late reply - I use the basic MP concepts (Skewing, tails, POC) to determine likely intraday S&R and/or price direction. Normal Mp is based on daily, and really isn't suitable for my intraday trading. Also, the stops tend to be much larger...and I'm generally not comfortable risking 20+ ticks per contract on the CL.

Small block MP allows for more granular view , and then I use orderflow and time & sales for trade entry and management.

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Last Updated on July 15, 2015


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