[Stockaddict]

One area I find interesting on this forum is market profile. I had never heard of this method until I found this forum. It seems that market profile has been heavily discussed here among futures traders.

My question is: Can market profile be applied to markets other than the futures markets? Is this methodology designed only for commodities? I have never heard stock traders mentioning this.

[TinGull]

I think it's more in tuned with futures trading as it's not as news dependent as equities are. The auction theory lends itself more so the futures market where many companies are intertwined into one commodity rather than a single company where it's earnings and it's news really are what drives the price of the stock.

Just my 2 cents

[Soultrader]

I had thought market profile was used by traders mostly for the futures market. HOWEVER, I just recently saw a stock trader plotting market profile charts for IBM and others. I was quite surpised to see this.

I am not sure how effective MP is with equities but I finally met one trader who uses it on stocks.

[MrPaul]

Originally Posted by Soultrader »

I had thought market profile was used by traders mostly for the futures market. HOWEVER, I just recently saw a stock trader plotting market profile charts for IBM and others. I was quite surpised to see this.

I am not sure how effective MP is with equities but I finally met one trader who uses it on stocks.

Here's an excerpt review based on the book "Steidlmayer on Markets: Trading with Market Profile, 2nd Edition"

...Steidlmayer on Markets shows readers how to find these opportunities using the innovative techniques developed by the author during his many years of trading the market. This fully updated Second Edition covers innovations in both technology and technique-and broadens the scope of "market profile" to include stocks.

[hanz]

how do you trade a 23 hours market with market profile?

i mean the YM,NQ

should the start session be 930am EST? ends at 415am EST?

[MC]

Originally Posted by hanz »

how do you trade a 23 hours market with market profile?

i mean the YM,NQ

should the start session be 930am EST? ends at 415am EST?

That's the session most plot for MP. MP is about mapping TPO's to reveal market structure, after hours is quirky and thin volume in comparison so it's not as valuable IMO.

[nickm001]

use volume MP instead of TPOs, may give you better structure where the trading happened.

[MC]

Originally Posted by nickm001 »

use volume MP instead of TPOs, may give you better structure where the trading happened.

In my limited use MP and it's TPO's reveal structure S&R better than volume profiling. Also the question was about what session to profile and personally I weigh the action with the most participation more. This action is bound to = higher volume.

JMHO