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IRT is simply the best market profile software in existence IMO. For those that still use other types of charts but like I do but still want to see a profile type breakdown of that data check out this video. Unable to display content. Adobe Flash is required. very cool stuff coming

nice to see some P&F traders around, what software is everyone using? I have developed quite a few of my own trading methods for day trading with P&F

If you are in his free trial room you better not ask him about his old "service" (website), he will kick/ban you faster than you can blink. I was in there as a trial once and some guy got in there and started asking him why he ripped him off and started pasting info about his old site...at the time I knew nothing about it so I asked what site the guy was referring to, BAM, I was kicked and banned for asking a simple question I strongly suggest you do your DD, there is plenty of info out there about the place and there is quite a history...I did my DD and what I found wasn't pretty...but that is for you to decide. P.S. hop over to the market profile forum...there are some other mp rooms out there if that is what you are interested in

for anyone that got the free market profile webinar by profiletraders before they deleted the link from the forum, can you send me a PM and let me know how it was, I was out that day, thx

I'm not so sure it is modern vs traditional more than it is applicable vs not applicable...since markets do change. I have seen semi-recent writings of Steidlmayer and he doesn't even look at the "value area" anymore. The focus seems to be on dynamic profiles and POCs. Much of this is logical if you look at when MP was being developed. For example, do you really think the IB has the same significance now as it did then (in relation to markets that now trade nearly 24 hours a day). Market Profile is merely a tool, how you (or other people) use that tool can vary dramatically.

If you guys need to check your numbers. you can check your numbers against the below CBOT market profile levels which are updated daily and cover quite a few markets http://www.charthub.com/chart/search/mpchart solid yellow = POC dashed yellow = Volume POC solid green = Value Area dashed green = Volume Value Area blue = IB yellow tpo profile, gray volume profile

updated chart, works nicely, see where we hit and where we are consolidating a bit? http://www.charthub.com/images/2008/02/29/es_mp_24h

30m letters standard 60m IB standard (even on ags)

it definitely works well with ags, it was developed on use with ags

and here we are, right down to the 1458 as mentioned in my previous post http://www.charthub.com/images/2008/02/28/es_mp_24h

no dumb questions POC = Value which is why I don't really find a reason to look at value areas, IB, etc etc... naked POCs are very strong magnets think about it in the sense that a POC is where lots and lots of business took place, so it makes sense that business needs to take place there again

thought I would post a screen shot showing how I like to use MP what you should see is that our first area of resistance was 1369-72 which we finally broke through on 2/25, the expected next stop would be 1387 and that is what we needed to get over today to move up to the 1396 area, if we break that, 1416 here we come, otherwise, a nasty drop back down to 1358 note I am not using value areas, IB, etc etc...shape/development and POC is what I am concerned about http://www.charthub.com/images/2008/02/27/es_mp_rths

I suppose this is strictly subjective, but in my MP trading, I have actually culled through what I personally don't find relative and just work off non-traditional core parts of market profile (i.e., shape, POC). I find a lot of the other components aren't really applicable in today's market...from my understanding, even Steidlemeyer himself has zeroed in on the POC and using profiles dynamically. It's not a magic bullet...but it is a very unique way to view price action (which I personally think can give an edge if understood).

on stocks you may need to adjust the tick size so the profile is more manageable...but other than that it should work fine

got my double TPO low take out, 1 day later than I expected

futurestradingdaily.com offered a $200 discount off reza's trade room which brings the price to $1275 for lifetime membership I looked at a few other MP trade rooms and they were charging $1200, $2500, etc etc... so it looks to be about the going rate for a live trading room that incorporates market profile (at least currently) P.S. I think the perception of it being expensive is subjective. If you have a good understanding about MP then those prices could be perceived as high. If you learn best with a live teacher and you don't have an understanding of MP then it could be perceived as an excellent price for the education. My "tuition" in the market has cost me much more than that...but I'm not complaining.

I will be looking for market to clean that double TPO low at some point. Those are rare.

hahah yeah it was kind of late profiles will continue to build as long as they are rotational, once they "break out" of rotation, then they form a new profile...that would be a "dynamic" profile

darthtrader, I am not even sure it is available in print, he covers it in the seminars though, and the concept is in their own software as well. He is mostly looking at dynamic profiles and points of control, dynamic profile meaning they are not time limited, profiles will keep building and building if they rotational and will start new profiles once they break out of rotation...that coupled with market moves from point of control to point of control.

I personally think there are certain things about MP (old or not) that are still very valid. For example, I always look at the POC, yes it is based on TPOs but it is still valid IMO. I also look at the POCv (as IRT names it) which is basically the POC based on volume. I will agree that many things with market profile are completely irrelevant (to me) in this day and age. For example, I don't put a lot of weight on the value areas. In addition, I don't put much weight on the IB either. Even Steidlemeyer (according to his more recent writings) doesn't use it the old way anymore. I personally prefer IRT because it is the most flexible MP software I have used. The developer has even put in specific requests on MP charting enhancements. I find it interesting that EW has two computation methods, since I know IRT was the first to do that...no big deal though, competition makes things better for us.

I know this thread is old, but I talked to Linnsoft a while back about this issue because of another thread and they now have true constant volume bars, if you have IRT slap the volume on there and you should see everything correctly. Just thought I would comment that it is fixed in IRT now.

hahah, I hear that, lucky for me I have already been to the presenters paid course but it's no day off for me either *sigh*

These guys are doing a free market profile webinar on President's Day for a limited amount of people. Futures Trading Daily » Blog Archive » Free Market Profile Class I've actually been to a webinar by the presenter that wasn't free and it is excellent IMO (I've been to a lot of them).