Mentally using Mp

[Anonymous]

	Quote:	Râlex
	ok, it 's simply not to merge with the very good job of jerry cause the poc have got nothing to do with volumes so the vwap too. Thanks.

	Quote:	Soultrader
	Key terms: 1. Initial balance - market activity in the first hour 2. Range extension - price action extending beyond the initial balance 3. Range - range from high to low 4. Single print buying tails - any single print TPO's at the lower extreme of the profile 5. Single print selling tails - any single print TPO's at the upper extreme of the profile 6. Point of control (POC) - price level of most volume. POC indicates an area of greatest market activity 7. TPO - stands for Time Price Opportunity. Letters are used to build the market profile structure. Each letter represents a half hour period. The letter is also known as the TPO. 8. Value area - price range in which approximately 70% of the market volume took place. 9. Value high - the upper pivot of the value area 10. Value low - the lower pivot of the value area

Please see #6.

[Râlex]

A big error : the point of control of Dalton, of the MP, is the price level of most trades, so the most TPO. The volumes are not in this distribution.
See "mind over market" but i am sure.

Too, the pvp (or highest level volume) is the price level of most volume.

Alex

[HAL9000]

Hi,

from my point of view, the problem with the POC is, that you have to use it in the context of the profile you are looking at.
This should mean, if you are looking at a volume profile the POC is a V(olume)POC.
If you are looking at a time profile the POC is a T(ime)POC.

So without a context, one can't say that a POC contains volume information.
This is only true for a volume context.

Just my thought on it.

[unicorn]

	Quote:	PivotProfiler
	Well, take a look at the chart below. All the pivot lines have converged to the POC. In other words, only the POC can be seen. This happens when the range is narrow, the close is in the middle and price was evenly distributed. Take another look at those last two words: Evenly distributed. Now, an even distribution of volume and price should result in near zero to zero skew. Notice how close the VWAP is to the POC. We have almost no skew. Put another way, the VWAP and the POC are 1 pip off from being the same. The orange line above Yesterday's high is a Naked POC. Wed did not make it back up to the POC so we now have a Naked POC. The blue line is a 2 day VWAP. As stated before, the narrowness of the profile (one line) should mean that tomorrow will be more volatile. Not so coincidently, tomorrow (Thursday) is rate decision time for the ECB.

Where's the beef?
Is there a reason that pivotprofiler has deleted his attached charts?

Same in the VSA thread... Nice going...
I hate to see traderslab catching the disease of other forums.

[Râlex]

	Quote:	HAL9000
	Hi, from my point of view, the problem with the POC is, that you have to use it in the context of the profile you are looking at. This should mean, if you are looking at a volume profile the POC is a V(olume)POC. If you are looking at a time profile the POC is a T(ime)POC. So without a context, one can't say that a POC contains volume information. This is only true for a volume context. Just my thought on it.

No, the true poc is in the price distribution, the true pvp or hvl is in the volume distribution.

No discuss possible !

[HAL9000]

Well, I agree with you, that the true POC is related to price distribution.

I further agree that #6 (see above) is wrong in my view.

But what is price distribution in a MP.
As far as I understand it, it is price in time, not price in trades .

So the true POC, based on 30 min bars, it gives you no information about volume or number of trades.

But anyway, correct me if I'm wrong, and as long as the context is clear,
we shouldn't have a problem if somebody uses POC instead of PVP.
But yes, PVP is the better choice if we talk in volume context.

[Râlex]

	Quote:	HAL9000
	Well, I agree with you, that the true POC is related to price distribution. I further agree that #6 (see above) is wrong in my view. But what is price distribution in a MP. As far as I understand it, it is price in time, not price in trades . So the true POC, based on 30 min bars, it gives you no information about volume or number of trades. But anyway, correct me if I'm wrong, and as long as the context is clear, we shouldn't have a problem if somebody uses POC instead of PVP. But yes, PVP is the better choice if we talk in volume context.

Ah OK for the poc (price in time) and pvp (volume), as mister Dalton, steidlmayer and mister Jerry.

But, the system of Jerry (Jperl), the Market Statistics based vwap, pvp and price need NOT poc, not Market Profile (VA, IB, vpoc....) so why use the poc ? sometimes poc and pvp are near but precaution ! but not so often as it.

The market profile is totaly different of the market statistics, so why mix the both systems ? unless showing a relation between two.

For me, there is two great schools:
1-Price needs volume to fluctuate.
2-Price is self-sufficient in itself, doesn't much matter volumes.

And I think it is necessary to choose its school. Afterwards, some, a lot in fact, everything blend and matter what and we know all result. (forgiveness for my orthography, again)

[dupaski]

	Quote:	Râlex
	Ah OK for the poc (price in time) and pvp (volume), as mister Dalton, steidlmayer and mister Jerry.

FWIW have recently spent some time with Jim Dalton at a session he did for a group NYMEX traders and he stated that the use of either time based or volume based POC didn't make a much of a difference. He personally used VPoC in his day to day trading.

Use of either shouldn't make too much of a difference in leveraging MP. Lets not miss the forest for the trees......

[dupaski]

	Quote:	unicorn
	Where's the beef? Is there a reason that pivotprofiler has deleted his attached charts?

I can no longer see the charts as well, but sometimes that happens when a webserver is very busy. Give it a couple of hours and try again.