Registered: Apr 2002
05-02-12 08:13 PM
The breakouts in Market Profile from an existing control area to establish a fresh new 'value area' is a very similar concept.
The great thing about P&F is that you don't need to have this extended price chart on the horizontal axis in order to see where the price breakouts are occurring. P&F is very compact - floor traders used to keep them on trading cards.
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