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CL Volume profile, shows a consolidation pattern in the high 70s. This area is being auctioned well with the gaps being filled. Potentially setting up for a move higher.
would u suggest that reading this book (also read Markets in Profile) is enough for the "reading" training on MP?
I am looking for accesible priced courses or trade rooms (or any other resources) where I can REALLY learn and UNDERSTAND how to use MP on a practical way for short term trading and identifying strong and reliable S&R levels.
I do use it know upto my limited knowledge (using VPOCs, HVNs, LVNs, VAs, etc), really like it as anything let me understand market structure as it develop.....but I would love to take it to the next level.
would u have any advice on this? I follow F71 as I believe he really knows what he talks about.
I think the best thing is to form a study group where people discuss the action every day. I am especially interested in understanding the opening auction and then using that to help guide the day. There is noting which can beat real time in the seat analysis.
I think all these tools are just that; tools in your tool-box. Your trading style has to then incorporate all that information in something which works for you.
For intra-day trading LVNs, HVNs etc covers most of the stuff. You can see the market behave differently in these zones. You can complement that with CHVNs CLVNs etc.
FT71 has great resources and webinars; I think BigMike also has an archived webinar on market-profile.
There are two in the Webinars section, with a third scheduled for late August when fiki returns from his honeymoon and gets sorted and regains his strength
I participated on both....and few other also....most of them taught me what I mention....most of the theory and concepts....what I am looking for (hopefully the subject of the third webinar) is how to bring this to life (or better to daytrading).
I am looking for a quality trade room with a SUPERIOR or PROVEN (by someone that experienced it) MP trader commenting WHAT he sees and WHY............I think is a good way to improve from where I am....not interested in signals to trade, but moreover on live market reading and understanding....
I have never been in this guys room, but I have heard from a number of people he is a very good MP trader. I believe he does call trades as well as teach.