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Old 11-22-2006, 08:06 AM
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Re: Market Profile Question
Quote:
Soultrader
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I had thought market profile was used by traders mostly for the futures market. HOWEVER, I just recently saw a stock trader plotting market profile charts for IBM and others. I was quite surpised to see this.

I am not sure how effective MP is with equities but I finally met one trader who uses it on stocks.
Here's an excerpt review based on the book "Steidlmayer on Markets: Trading with Market Profile, 2nd Edition"

...Steidlmayer on Markets shows readers how to find these opportunities using the innovative techniques developed by the author during his many years of trading the market. This fully updated Second Edition covers innovations in both technology and technique-and broadens the scope of "market profile" to include stocks.

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