[alex_laxya]

Originally Posted by dumdum20008 »

hehe ,
i just joined

alex , TL seems rich

lolllzz glad to see you here dumdum...
yaa TL has separate section on Market Profile, and on other TA methods as well ..go through sticky thread on MP, good video tutorials.

[alex_laxya]

In above chart 'D' denotes where market open, days profile has been divided in 30 min tf ..market open below yesterday's value area and as day progressed range expanded towards upside, green color indicates POC which was steadily moving upwards.Most of the day profile was balanced, in last closing hour market close on upside but below prev value area.

[taq]

hi alex i read the MP frm other thraeds i understand the concept but not able to add into my trading.

if you don't mind can we discuss today's market & what would be your strategy for tomorrow?

[alex_laxya]

Originally Posted by taq »

hi alex i read the MP frm other thraeds i understand the concept but not able to add into my trading.

if you don't mind can we discuss today's market & what would be your strategy for tomorrow?

Taq... basically market profile is not an indicator, it gives structure to the market generated information which facilitates to understand the market ( whether in range, trend etc ) ..my approach is i mix it with my trading method ( which is discretionary not particular one system ) ..it helps me to book my profits before trend reverse or get out on wrong trade as quickly as possible.. uses r limitless when u in sync with the market ... through my posts my approach will gradually unfolds hard to frame it in words...ur comments r always welcome
goin to post strategy for tomorrows market with the help of whatever market generated information we have..

[alex_laxya]

After big move down today market try to regain the balance as shown in chart todays price movement was within y.days inside bar..red lines indicates prev value area, after market hours we got news of 50 bps rate cut, whether its already in price or not market will tell us.. but the resistance zone clearly would be previous value area which coincide with break out target of inside bar ( range of IB is b.o. projection )
As its very obvious since when market shifted down from those value areas more volume attracts other time frames, in MP terms advertisement of the price below value area been confirmed by higher volumes which confirm the weakness so even on gap up/ move up market has heavy resistance around 2775.
The indicator dominant period is depend on ehlers MESA( maximum entropy ), its totally different subject all together just put here as m studying on it to understand cycles and reversals to sharpen profile study ( any one interested can look at mesasoftware.com )
p.s. my intention is only sharing information i dont have any vested interest in above link, if its against forums policy happy to delete it.
Alex

[mathew111]

Hi alex...Nice to see you here....

[alex_laxya]

thanks mathew..and thanks my all older friends out here ( u knw what i mean ) ..
we open with y.day value area ..and moved down..profile is elongated, signifies trend, right nw we on lower side of inside bar ( hourly ) ..

[mathew111]

Originally Posted by alex_laxya »

thanks mathew..and thanks my all older friends out here ( u knw what i mean ) ..
we open with y.day value area ..and moved down..profile is elongated, signifies trend, right nw we on lower side of inside bar ( hourly ) ..

Haha...I have followed you from TJ alex..im with u bro..