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Old 03-09-2011, 05:40 PM   #57

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Re: Market Profile Question

I know some Dalton. However, the idea is not purely the reserve of Dalton. It is certainly true that more and more, moves will happen overnight and often profits will be taken during the main pit session. However, if you look what happens when those moves happen and the positions are compromised, it's still pretty clear that they are weaker players. Advantage is taken overnight when the likely move for the day session is fairly predictable. Imo.
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Old 03-09-2011, 05:50 PM   #58

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Re: Market Profile Question

Quote:
Originally Posted by jebidaya »
On trend days I have problem with MP due to waiting for the extreme or poc/vwap rather than the edge or live lvl, 1 std from vwap. I know they're statistically low % of days that actually trend in a month yet seem to occur much more frequently in these volatile times. Any input would be greatly appreciated on how to shift bias to edge from extreme or how someone determines a trend day early on in day.
on trend days the uvol or dvol flatlines for most of the day while its counterpart
steadily increases, its very obvious on a uvol/dvol comparison graph, which i don''t know how to post,you stay in your position until the ration begins to shrink,it's one of the best ways to trade using mp as it usually stops at each virgin poc on the way and you can get out and back in on the smalll bounces with a clear bias
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