[traderbong]

Hi Guys,

I was going thru cisco-futures's market profiles and noticed that they calculate MP levels based on different time period. Their TPO period starts from 7:00am till 4:30pm(central). Obviously this will be result quiet different MP levels even though the volumes on those pre/after market activities are usually low. For those of you who are taking cisco-futures' class, any comments are appreciated. For those of you who are following MOM, what you guys think... Thanks,


Sample:
+-------------------------------------+
| OHLC Bars (30 minute) |
+-------------------------------------+
Period TPO Time Ticks First High Low Last Hi Time Lo Time
------ --- --------- ----- ----- ---- --- ---- -------- --------
1 Z 0700-0730 69 12646 12650 12637 12637 07:12:31 07:29:31
2 $ 0730-0800 139 12636 12638 12624 12625 07:31:01 07:52:12
3 A 0800-0830 154 12626 12635 12615 12618 08:10:38 08:28:03
4 B 0830-0900 830 12619 12637 12611 12624 08:47:01 08:31:28
5 C 0900-0930 701 12623 12629 12597 12612 09:00:59 09:10:10
6 D 0930-1000 439 12611 12618 12592 12596 09:31:36 09:58:30
7 E 1000-1030 474 12595 12612 12594 12603 10:19:45 10:00:07
8 F 1030-1100 338 12604 12619 12604 12613 10:57:30 10:30:09
9 G 1100-1130 164 12611 12616 12608 12615 11:28:56 11:21:07
10 H 1130-1200 430 12616 12624 12597 12606 11:31:42 11:53:55
11 I 1200-1230 250 12607 12611 12598 12604 12:05:11 12:13:39
12 J 1230-1300 249 12605 12608 12595 12606 12:33:30 12:50:08
13 K 1300-1330 361 12605 12623 12601 12612 13:23:45 13:02:00
14 L 1330-1400 379 12615 12628 12614 12619 13:47:03 13:30:10
15 M 1400-1430 288 12618 12627 12616 12624 14:13:45 14:00:56
16 N 1430-1500 428 12625 12637 12617 12632 14:59:37 14:31:08
17 O 1500-1530 269 12631 12637 12626 12630 15:10:24 15:14:21
18 a 1530-1600 61 12631 12632 12623 12630 15:30:06 15:43:26
19 b 1600-1630 1 12628 12628 12628 12628 16:02:35 16:02:35
-----
Total 6024

+----------------------------------------------------+
| Meta-Profile Reference Points |
+----------------------------------------------------+
Commodity YM (MINI DJ 5 (CBOT)A/C/E)
Delivery Month H
Start 07:00
Stop 24:00

Count of Ticks 6024

Upper Value Area 12630
Lower Value Area 12602
Point Of Control 12618

Upper Initial Balance 12650
Lower Initial Balance 12624
Upper Range Extension 0
Lower Range Extension 12623

Volatility (Trd Frac) 16.4
Trading Fraction 100
Trade Facil Factor 5.61

TPOs above POC 137
TPOs below POC 170
Total TPOs 317

[traderbong]

I just realized that cisco-futures' tpo time period is totally customizable. I was scratching my head wondering why would someone use those particular period tpo. It turn out that default time period they used was that. :rolleyes:

[TinGull]

That's interesting. I was looking through trying to figure out what day you were looking at...then I saw the time being from 8 till 530est. I personally think that even though it's a 24 hour session, the profile should be formed by the bulk of trading which occurs from 930am est until close at 5:15. That's how I have my charts setup. The IB will vary hugely by having a start time of 8am. A lot of brokerages won't even let retail trade index futures until 9:30 too. Definitely something to take into consideration.

Chris