....hard right edge...
I only use Market Profile, have done since 1986 when I first met Pete
Steidlmayer. Why would one use anything else when the data wharehouse as I refer to the market place gives you all the information in terms of who, how, when, for how long based off the statistical evidence of volume, price, time. This is the basis of any market analysis whereby if you plot the bell curve you can then extract proability scenarios, which if you like become statements "If this then that".
........Reality.......... .
It's always about reality and perception.
Pete
Steidlmayer wrote and I hope he does not mind that I paraphrase his words. Check the pit call. If the open then is materially different go with the pit for clearly there was a change of expectation by longer time horizon trader.
The market expects some form of consensus on a report, but does the opposite of expectations that is when the perception changes to reality