[Dr Who]

Does anyone use MP by mentally feeling it in bar charting?

[Soultrader]

I still use a MP chart but I do mentally use MP on my 233 candlestick tick charts. Takes some practice but very useful for me.

[Dr Who]

Originally Posted by Soultrader »

I still use a MP chart but I do mentally use MP on my 233 candlestick tick charts. Takes some practice but very useful for me.

Soultrader,

As soon as I red about MP I thought I could feel it in price by using simple bar charts.

Regards
The Doctor.

[Soultrader]

Originally Posted by Dr Who »

Soultrader,

As soon as I red about MP I thought I could feel it in price by using simple bar charts.

Regards
The Doctor.

You can feel it for sure but to fully understand it you need a MP chart. You cant possibly visualize a MP chart for lets say the past 10 days.

[Dr Who]

Originally Posted by Soultrader »

You can feel it for sure but to fully understand it you need a MP chart. You cant possibly visualize a MP chart for lets say the past 10 days.

Too true. Though I am only interested in the concept and how I can evolve it into my trading without the actual MP charts - more like just understanding it.

[Soultrader]

The concept is simple. Balance vs imbalance. If you prefer not to incorporate a MP chart, you should be aware of the value high, value low, POC, and any naked POC's.

[Dr Who]

Originally Posted by Soultrader »

The concept is simple. Balance vs imbalance. If you prefer not to incorporate a MP chart, you should be aware of the value high, value low, POC, and any naked POC's.

I agree, but how can that be done without using a MP chart?

[Soultrader]

I draw horizontal lines on my candlestick charts for visual purposes as well. You can simply obtain the MP data at: Daily Notes for Day Traders | Pivot Points for Index Futures and more