bone
ET Sponsor
Registered: Apr 2002
Posts: 4327 |
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.
__________________
Spread, Relative Value, and Correlation Trading Instruction from a Professional Trader. The only thing that matters are Clients making money IN LIVE MARKETS. Why not interview my clients for yourself on an independent basis. My typical client is an outright directional trader looking to pick up an industry-recognized specialty technique. http://www.spreadprofessor.com
|
