TinGull

As many of you know, I don't trade very often anymore, just a few times a week. This trade came up today and I figured I'd take a shot of it for ya. Note the lower volume on a narrow spread as price reached support. Sellers had dried up there, and I went long some inside that narrow spread bar. Then as price reached resistance, I exited the position. Just a quickie 4 pointer. Damn....quick 4 points. I remember last year when 4 points could take a day.

Yea, I can't make sense of what you mean by it having no place in trading. Price always has a perceived "value"...that's why there is trade. One person feels it's valuable to own, another person feels it's not valuable anymore...they are always feeling that price has some "value". Otherwise, why put your money into something? Every day there's a price that an issue spends more time at than others. Why? Because people feel that price to be the value of the day for that issue. At the end of the day is when you've got the perceived "value" of that instrument and then can see the distribution around that "value". A price change is a price change, whether it be up or down. The Market Profile is there to show you where the price change happened and when it did in correlation to other price changes throughout the day. I do use it, and many other professionals use it, with success. If you can't find the usefulness in it, that's fine. I said once and will again, that's the beauty of trading! Everyone can see things differently and achieve the same monetary success.

http://www.linnsoft.com/videos/pivot_xfer/index.html http://www.linnsoft.com/videos/tpo_lines_flash/index.html Sorry...didn't watch it. Was trying to remember which video it was from when I in the thick of it. One of those 2 oughtta help.

Market Profile is a thought process more than it is a strategy. Arbitrary? hardly. Why 70%? 68.2% is one standard deviation, something that's hardly arbitrary. Some trading programs use that hard number, most round to 70% because it's "easier". MP allows one to see, graphically, what the market is telling about itself. A trader who understands and respects Market Profile is better able to grasp what the market is saying over a broader time frame. Does VWAP and its "standard deviation" bands (not so arbitrary when it's related to your VWAP, is it) have it's place in folks' trading? Absolutely it does. One could use Market Profile to understand likely possibilities for price direction and then drill down to use VWAP bands to actually take the trades. I think that'd be a fine way to look at it. As I started saying at the beginning...MP is a thought process more than a strategy.

http://www.linnsoft.com/videos/mp_morerefs/ I think that video oughtta lend a hand.

You should be able to do that with a V# variable coming straight off your MP charts to your candle charts...if I remember correctly.

thats the beauty of the markets

Just wanted to post up a chart of a little trade I took today. Welcome back, right? I'm not trading more than a handful of times a month right now as I've got plenty of other things that have been keeping me busy. But, none the less, taking great trades. I decided to take a peek at the markets this afternoon during lunch and saw a nice setup pop up. So anyways...just thought I'd post it up. I won't post all the time, but will check in every week or so. Great to see this thread is still kickin'!

The fastest machine to run MS Vista is a Mac......just something to think about.

marketguy, when you click the link, in the upper right you'll see something that asks you to type in a code that's presented there. Enter that and then you'll be prompted for the download.

Wonderful stuff, Seb!!! Thanks!

Welcome Seb! Are you VSA Trader on the T2W boards by chance? I loved reading those posts.

Welcome Leecifer! What sort of things do you trade?

You don't happen to trade with thinkorswim do ya? A couple things you wrote there sound shadowtrader-like. I trade with ToS and listen to ST a lot.