Market Profile Question

[Market Profile Question]

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.

[What Made You Profitable?]

Is there anything you did to change your trading 360 degrees? I am sure most of us has started by losing money.

 

What is it that you did in order to change from a losing trader to a profitable one?

 

I would love to read your comments.

[Which Moving Average on a 5min Chart?]

I have found the 20, 50, and 200 to be useful. As always, it is traders preference.

[How Useful is Level II?]

During the early days of Level 2, traders were able to find edges and step in front of the market makers and profit from this.

 

Level II is full of manipulation and market maker games. Market makers will hide size, step off the bid/ask, etc.. to fake traders into making mistakes.

 

Does Level II allow a trader to gain an edge? Or are traders better off trading without it?

 

Thanks

[Combining Candlesticks, Indicators, and Pivots]

jacobnbr1,

 

What methods do you use to detmerine insider buying? Of course they need to report this to the SEC but the public will find out well after inside buying has been done. Do you look for clues in volume?

[Combining Candlesticks, Indicators, and Pivots]

jacobnbr1,

 

If you don't mind me asking, what stocks do you usually trade? Do you have a select group of stocks you prefer? Or do you go where the action is?

 

Thanks

[Does Technical Analysis Work in Nonliquid Markets?]

I think technical analysis is still valid. They work because alot of people still follow them.

[Intuition and Trading]

Is intuition even necessary? What about system traders who follow signals. Intuiton has nothing to do with their performance. Any comments?

 

Are you saying that system traders blindly follow their signals without overall understanding of the market?

 

Wouldn't intuition help even with system based trading since they would be able to obvious false signals?

[Futures Market: Possible to trade for a living?]

Yes! It is possible to make a living at any market as long as you know what you are doing.

[The Importance of the Closing Price]

So basically the close is more important than the open?

[Trading and Stress]

Theres really no need to sit in front of your charts the entire day. Just have your homework done and trade the opening hour and the afternoon session from around 2pm eastern. Go have a monster lunch. Are traders usually big in size from a long lunch? Or is it just me?

[Day trading popular stocks]

Im interested in day trading stocks like Ebay or Google. Any thoughts on this? Are there easier stocks to trade?

 

There is hundreds of other stocks you can trade. Why trade ebay and google?

[Trading with Candlesticks: Question with stops]

Stops really depend on the setup you use. Some setups require a wider stop while others can be traded with a tighter stop.

 

Do you know the ATR of the underlying stock you are trading? For example, the SMH can be traded using a tighter stop then Google for example.

 

Also, swing trading requires a wider stop then day trading. You need to understand this. If the current strategies you have do not fit your risk parameters, perhaps you should look for alternative trading strategies?

 

Stockaddict

[Trading Gurus: Seminars and Trading Rooms?]

Ever wonder why they have so much spare time writing books and doing seminars? Shouldn't they be trading if they were traders?

[Economic Calenders]

Here's some more:

 

1. Bloomber Economic Calendar

 

2. Understand Market Calendar

 

3. Econoday Calendar

 

I personally like EConoday's Calendar.