[dandxg]

Thanks much Alley B. I appreciate the time a professional such as yourself gives back. It does makes sense when you think about it logically .

[TheDude]

Hi Ally,

Please can you elaborate on the MP Measured Move you mention, or refer me to where I can find out more? Is it similar to Dalton's idea of range estimation based upon where the market opens in relation to the previous profile value area, and the acceptance/rejection of the value?

Thanks,

[Kiwi]

Dan,

Something I found that filled in a couple of MP gaps for me was this document from the site that is selling the product described. IMO the content, before the sales pitch, is quite useful

.

[dsalas]

Hello Guys just found the thread...

The thing is, how to we know if price is leading value or value leading price? context is key, but ....

The only job we have to do is...Determine S/R levels and then determine direction for those S/R levels to hold...so the questions is how do we know if price will go back to value or POC, or not? is the same as saying, go with the trend or play the reversal...Isn`t

[alleyb]

By definition price always preceeds Value and Value catches up to price
The question you need to answer is whether the market action is at below or above VA and therefore what is the response whether that is horizontal or vertical. Timeframe is important within this and an application to understanding the 4 steps of market activity is useful to establish the answer

[johntrade]

This detail may give you a hand..

What is Market Profile?

Market Profile ® is defined as the study of price and volume over a period of time. Market Profile charts depict volume horizontally, as opposed to vertically, which is how most charts and platforms show volume. Market Profile illustrates price development, how price is moving, and the amount of volume trading at a particular price in real-time. It can also show a composite representation of price movement and development over a specific amount of time.
Why use Market Profile?

It is imperative for a trader to know and understand Market Profile. Recognizing how price is moving and developing in conjunction with volume will assist traders with placing high probability trades. A composite presentation of the Market Profile presents a detailed history of price movement and development. This gives traders additional information when attempting to identify long-term, intermediate-term, and short-term trends to trade with. Additionally, Market Profile's horizontal representation of volume is crucial in identifying major areas of support and resistance, which trades are taken against.

Best trade!