"Back in 1986 Pete Steidlmayer wrote about needing to wait for the first 4.5 hrs..."

[Dogpile]

alleyb wrote: "Back in 1986 Pete Steidlmayer wrote about needing to wait for the first 4.5 hours in ES to pass before establishing a trade and as per usual I contend nothing has changed over the years"

I wasn't aware of this. Market Profile trading per Steidlmayer generally waited/waits this long before doing a trade?

[brownsfan019]

I don't use MP, but can't imagine waiting until 4+ hours have passed before placing one trade. That's all of the morning and into lunch...

To each his own if you can make it work, right?

[momentom]

Dogpile, I remember speaking to Pete and he said 30 minutes. He was looking for price rejection/acceptance, but that was over 15 years ago.

With markets of today, I often trade within the first 5 minutes if the setup is there.