Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Thanks to @ThatManFromTexas that I have discovered this post. If you mention me as "@Fat Tails", then I will be alerted and read the post, otherwise I will probably not. So whenever you expect a member to respond to your post, it is a good idea to use the "@" in front of the member's name. Nobody is able to read everything.
If you want to have information on market profile, you would need to tell us which software is used and maybe attach a few charts to your post, allowing to discuss the S/R lines. Otherwise @gomi is more of an expert for market profile and volume-price-distributions than I am, he can probably help you to find what you look for.
Elite membership has got to be the most bang for the buck you can get ...
I don't use the Market Profile. I think it looks great... I just don't understand how to use it ... and I try not to admit stuff like that in front of @Fat Tails .... oops... I hope he doesn't see this ...
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Thanks for the note @Fat Tails......hmmm, well I believe the guy who runs the room, Jay Wireman uses TradeStation, and he refers to the Market Profile as containing 3 areas:
He says his Market Profile is much different than the free one that TradeStation offers, but who knows....I'd like to know if anyone has actually compared the two.
All I know is that when prices break the HVA or LVA....they really start ripping.
I would try to post some screenshots of his Market Profile in action....but its all done in the room.....he doesn't sell the Market Profile.
The reason for my post was just to wonder if anyone out there has been able to replicate it.
Anyway, I shall review the stuff by Gomi later today, hopefully he's made it user friendly
Sounds like the standard POC and the value area. If he uses other than the standard tradestation indicators, his indicators are probably monkey business. Not difficult to put a POC and the value area.
Just to clarify, I got the PDF free on his site so it was (or still is) available to the public. I have never tried his services and wouldn't have posted it if it was not freely available. Up to Mike if he wants to remove it.
POC = Point of Control. Market Profile slang for the (statistical) mode of a volume-price-distribution. Why don't you just click it to access the wiki?