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Old 06-10-2008, 08:49 AM
ammo ammo is offline
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Re: Market Profile Key Terms

i'm self taught in mp,the days picture is a boob, the widest point is a nipple,these nipples when we descend after say a 2 month rise are supports or targets on the way down. Intraday when we make a second boob the cleavage in the middle is a magnet and usually the mrkt will return and fill that area,yesterday there was cleavage at 1362-64 in the es and it went back and fillled in the last half hour. If you take the ytd weekly bar chart and use it to make a very large mp chart,1 week equaling 1 letter, you will see a large gap between 1385 and 1335,85 and 35 both being nips,we will reach 1335 this week as we are backfilling the past,i don't use the 70% value area,see no use for it

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