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Hello, i know this is a very old thread, but i'm trying to understand this J chart method as i have a j chart option on my market profile indicator, but it seems slightly different as the points that the new profiles are drawn are not at regular intervals like standard market profiles but only redrawn when equilibrium has occurred?. That makes a big difference i think. Anyone successfully using this style of trading? Or should i just turn off the J chart setting! ?
Again I know this is very old, but i recently read the book by John Chen and this J chart is very good!
I've been messing around with it on sim (with my own version using a modified market profile as the original software is long gone i think),but getting really good results so far!
It's a very different way of trading but i'm definitely going to carry on playing with it as it seems to suit me and price really seems to end up hitting the predicted price. Thanks to John Chen if you are out there!
I had a picture to post of the setup i'm using, but I haven't done enough posts yet lol
I'm afraid I haven't posted enough to be able to reply to direct messages, but the book is available as a kindle version on amazon if you search for j chart John Chen..