koifan

I just happened to come across something on the James Dalton Trading website confirms my earler statement that Market Profile is NOT an Indicator. This is a quote from Mr. Dalton (author of :Mind over Markets") himself... "Market Profile® is not an indicator in the technical sense nor does it provide buy and sell signals but rather it is a decision support-tool. It provides a composite view much different from other charting tools available and as a result, gives a trader the opportunity to form a broader perspective. The Profile organizes the market’s continual two-way auction (race after race after race) so that you can advance your trading and decision-making abilities." The posting created a lot of opinions that it was an indicator... but I believe Mr. Dalton has the correct and only correct answer. I rest my case.

I have to agree with noego...what the hell planet did this swisstrader character come from. This person makes me puke,,,his posting is totally uncalled for. I stand by my original review of Kevin...he is an honorable educator and trader....I have recommended him to a number of traders that are still attending his room, the distortions and lies are totally UNCALLED for. You should be ashamed of yourself. Koifan

Laguna, have you ever tried the DTI room, it has an enormous following ? I just think they have a complicated way to find the trading level numbers. Koifan

Junk? I have experienced several of the rooms commented on, but your judgment of Huddy is off base.. All his trades are posted...losers and winners...and he does far better than 2 ticks as you say. Huddy has a lot of novice traders, so the trades he calls will have less heat, and he get's safe or break even asap. Sometimes too quickly...but if you listen to him, and follow his advice, you will not blow your account out. He does teach some things very well IMO and there is no over trading in his very inexpensive room. I monitor the room mainly for the company...trading is so isolating. Your other comments are mostly in line with my experiences...for the ones I checked out. Koifan

there are trades to take if you have more experience....but Kevin will call safer trades for the room...but he explains the progress of the profile while it develops. R

He is using it now...but shows it live intermittently...ask him when he is going to switch. He has templates for his charts on 3 different platforms...IRT just has better MP's. RR

I don't know who Reza is...and Erik no longer has a room online...I just happened to come across one of Kevin's webinars...and liked what I saw and heard. Pay for a month and find out for yourself. I know the profile...but I am learning other things from Kevin. Regards

Hi ...I use IRT...Kevin is also going to be using IRT...from my limited experience with Ninja...the charts are nice...BUT it's a huge memory hog. I am astounded as to how much memory it requires. When my IRT is running several tick charts along with a couple MP charts...it is using about 10% of the memory Ninja requires. My charts never froze last week...you can use some brokers data to run IRT futures charts. If you want stocks...you need esig, IQ or something else.I use IQfeed. Check out a trial on IRT...they also have the best MP charts online bar NONE. Hope this answers some questions. Koifan

Yes, I just joined Kevin's room 3 weeks ago. I am very pleased with the room. Kevin employs MP, channels as well as price action for his calls. He is a good teacher.He tries to make trading calls where the odds are the greatest in your favor...it is not a chat room...Keven answers all questions...and if they pertain to the group.. he will explain the question and the answer to all. The room has been very profitable since I have been there. The cost is also VERY reasonable. Regards, koifan

great post itrade...

MP has it's value...and is a great tool...but most traders don't take the time to really learn to use it...but that is kind of a conundrum ...there are very few places that really know how to teach it. It takes screen time like any trading method. It's easy to reject something if you don't know anything about it. There are new software products now that allow for the profile to be on candle or bar charts...which can help you understand the value of this tool.

yes MP is a tool...and a very good one...but can reveal much more than a bar chart...that's why I use it... understanding how to use and read it is the trick...but like any tool, there is no magic solution to trading...pick your tools , and learn them well...and quit searching for any holy grail.

Nothing you say...I guess you haven't observed it enough. The developing structure gives clues all day long about the market. Including measured moves, stalling to build places to trade back to creating high and low volume prices...but just watching a 30 min profile has limited use for day trading other than trading the value area. I learned from someone that has studied the profile for 7 or 8 years building charts by hand every day. Yes, the profile isn't useful if you don't know how to read what it is saying. There is no question in my mind it's a valuable tool and I apply it every day...

Using the profile to determine trading levels in incredibility accurate...proper study will confirm this...there are many options to using it other than the standard 30 min chart. I use the profile for levels, and other charts for signals when those levels are reached... will never trade again without the profile.

Kiwi... the descriptions above are perfect...put this in context with a price chart. A raw chart has prices shown by bars, candles, lines, etc. If you wish to measure what it is doing, you add an indicator. A moving average, an oscillation, etc.(#2 above) A MP chart shows price volume and time that has no indicators. Price alone makes not an indicator. Using the same data, it creates another graphic view of an auction. It can and usually is used in conjunction with other charts that do have indicators. If you find the right person to teach you the profile, it will also become clear that it is a powerful tool, and a tremendous tool to use with your other charts and indicators. And anyone that trades the EDGES of value should consider taking some more study, because a little information about the Profile can hurt you. Would you like to know where the next swing will be before it happens... that's where the Profile can be of assistance. BTW, my toy is not better than anyone's toy ... not sure why that popped up. Any way good trading wishes to you... Koifan