[Sparrow]

Thanks for your very insightful posts James!

Some simple questions:
do you pay any attention to the volume profile, MP and VP look very similar most of the time anyway.
Are VAH and VAL derived from MP or VP, differences should be subtle.

Just asking because I'm thinking of doing my own MP, but not sure if and when that will happen and MP is a lot easier to do than VP.
The effort would be worth it though.

[Soultrader]

Originally Posted by Sparrow »

Thanks for your very insightful posts James!

Some simple questions:
do you pay any attention to the volume profile, MP and VP look very similar most of the time anyway.
Are VAH and VAL derived from MP or VP, differences should be subtle.

Just asking because I'm thinking of doing my own MP, but not sure if and when that will happen and MP is a lot easier to do than VP.
The effort would be worth it though.

I have used VP in the past but have found MP to be more useful in my trading. Every comment I make on VAL, VAH, POC, etc.. is all based on market profile and not volume profile.

[monad]

Yes great video,
could you elaborate on the logic behind the expectation of another neutral day following a neutral day.

[darthtrader]

I think volume vs time profiles depends on what kind of trading your looking to do. I think volume is probly better for faster trades and smaller moves and time better for bigger moves with staying in the market longer. Ninja has a decent volume profile for free but its a pain because it resets if you add or alter the chart at all.
I think it will be interesting to see if we stay range bound for awhile and fill in the double distribution from yesterdays volume profile to create a more normal looking 2 day distribution. Vwap finished almost dead center in the middle of the valley in the volume profile.

[Soultrader]

Originally Posted by monad »

Yes great video,
could you elaborate on the logic behind the expectation of another neutral day following a neutral day.

I believe Steidlmayer mentioned this somewhere in his book but makes sense to me. We have range extension on both ends indicating that the big money (other timeframe traders) are expressing contradicting opinions. In other words the force of buying and selling is balanced. This shows that the markets (which moves only by big money) is still in the decision making process. So what will alter one side to step off so the buying/selling can push price out of value? Most likely good reaction by global markets or anything fundamental such as good earnings by a reputable company, interest rates, economic numbers, etc...

Hence from a technical standpoint, unless these events occur I assume a rangebound day. Not always a neutral day but if I assume for it to be a neutral day, I can implement strategies such as responsive selling above value (or IB) or responsive buying below value (or IB). The tug of war is basically neutral. Something needs to break this force to make it one-sided.

[404]

Soultrader, thanks for the informative post and great video. It really helps a new MP'er to see the analysis done by someone using MP in their trading.

A few quick questions:
I am guessing that you mainly analyze the Nikkie and YM markets?
Do you find strong correlation between the 2?
Any specific reason the YM over the ES?
Are you just looking for a few trades a day based on MP?

[Soultrader]

Originally Posted by 404 »

Soultrader, thanks for the informative post and great video. It really helps a new MP'er to see the analysis done by someone using MP in their trading.

A few quick questions:
I am guessing that you mainly analyze the Nikkie and YM markets?
Do you find strong correlation between the 2?
Any specific reason the YM over the ES?
Are you just looking for a few trades a day based on MP?

Hi 404,

There is definitely an interesting correlation between the Nikkei and YM. Strong at times but because the Nikkei here is not a 24 hour market, gaps occur and I am unable to take advantage of the correlation. Therefore, I use the Nikkei reaction to trade the YM.

The reason I trade YM is simply because I am familiar with it.

Also with MP, I look for 1-2 trades a day. Over 3 will beovertrading in my style of trade.

[quantum69]

Hi SoulTrader,

I've enjoyed your posts. Please keep it up.

Can you please comment on today's profile 1/17. It had quite a wide IB, so I was anticipating a Normal day to the downside. However, it eventually turned into a trend day.