[dah7]

Does anyone know of a live trading room that uses Market Profile? The only one I've heard of is Profile Traders. I'd appreciate hearing if there are there any others. Thanks.

[Hlm]

Originally Posted by dah7 »

Does anyone know of a live trading room that uses Market Profile? The only one I've heard of is Profile Traders. I'd appreciate hearing if there are there any others. Thanks.

First of all, it depends on what you mean by "Market Profile". There are different degrees of how strictly one trades MP theory and what other information they bring to the table. Also, do you want to focus on TPO or Volume MP? There is a large amount of information out there pertaining to MP if one just searches (forums, books, etc). I would be very hesitant to sign up for a service to learn MP without first studying as much as you can on your own first. This will allow you to choose an educational service that best fits your personality and needs. What is your current knowledge with MP and trading in general?

ioamt.com is one that comes to mind.

[Hlm]

Originally Posted by forsearch »

ioamt.com is one that comes to mind.

Funny that you mention this. I was over at Brett Steenbarger's weblog TraderFeed (in my opinion the best blog out there on trader psychology) and just saw his post today about a free webinar on Thursday hosted by IOAMT. Of course you have to sign up for a "free five-day trial membership". I just thought I would pass that along.

[bh_trade]

jpjtrading.com

[shreem]

Balancetrader of Frank Butera has a website comprising of video educational lessons on MP and stategies and application going with it along with a chat room where he discuss current setups and ideas.

As I am a member of his course, I can say that his videos are great and a great learning experience for anyone interested in market profle.

Also, reading both books by Dalton of Minds over Markerts and Markets in Profiles can help you a lot in your understanding of how market profile works

Please remember that MP does not give you a stategy per se but is one of the best tool to give you a perfect map of the interactions of different timeframes implications in any two way auctions process. I do think that it helps a lot in understanding the interaction of supply and demand forces present in a everchanging market.

Sincerely

Shreem

[Traderprofesional]

JPJ is the best JP is a great trader

[omni2006]

Originally Posted by dah7 »

Does anyone know of a live trading room that uses Market Profile? The only one I've heard of is Profile Traders. I'd appreciate hearing if there are there any others. Thanks.

i've never visited it, but Reza runs the room you mentioned: profiletraders.com. He also posts his trades in a daily blog. somewhere on the site it mentions using a 2.25 max stop, but just a quick look at today's blog shows adding a third unit to a position that already had 4pts heat. maybe he has changed his thresholds and just hasn't updated the site.

many have mentioned JP and i have been a member of JP's room off and on for a while. I too recommend checking it out. next time he has a free trial, sign up and give it a whirl. I like JP a lot and think he's a stand up guy trying to do the right thing.

hope this helps