[Michael Deys]

Hi guys! I am new in market profile. Very interesting theory and logical. But, I am not sure how accurate market profile is. As far as I am concerned, of course market profile does not indicate buy sell signal but, it gives a very good support and resistance level.

Hope anyone can share their experience and knowledge to give opinion on the accuracy of market profile.

Thanks a lot!


Regards,
Michael

[Kiwi]

Michael: you may want to define "accuracy."

For example MP is very accurate in describing where the TPOs for a particular period fell. But it probably isn't accurate in the sense that you might mean - useful but not "accurate." What would it need to do for you to consider it accurate?

[Michael Deys]

Hi Kiwi!

Accuracy in my view is, market profile support and resistance value. How reliable are they for the next day's projection.

Thanks.

Regards,
Michael