Market Profile based trading

Discussion in 'Technical Analysis' started by MGL, Oct 15, 2010.

  1. MGL

    MGL

    Hi everyone !

    I'm individual trader focused on trading e-mini S&P500. Every day I start with marking areas of support and resistance based on Market Profile. These levels are used for entries & stop placements in RTH. In attachment you will find pdf file that contains everything I need to know to execute the plan for the day.

    Enjoy !
     
  2. mgattani

    mgattani

    Very interesting sheet. Will you be able to post before market open.

    Thanks
     
  3. are the two of you, by chance, related?
     
  4. MGL

    MGL

    Areas of support/resistance for 10/10/20.
     
  5. Do they have the same I.P. address? :confused: :mad:
     
  6. MGL

    MGL

    Areas of support/resistance for 10/10/21.

    Have a good trades !
     
  7. MGL

    MGL

    Areas of support/resistance for 10/10/22.
     
  8. David70

    David70

    If you put enough lines on a charts like support, poc, vpoc blah blah, almost everyday one high or low will come near one of these levels making you think that there is value in this BS.

    :confused:
     
  9. MGL

    MGL

    You are right ! It's up to you how to use these levels...it depends on timeframe you are trading in.

    I try to evaluate all possibilities before RTH and mark interim & major support/resistance areas on the chart. But I don't know forehand where market will open - in balance or imbalance. After opening I try to gauge opening (types of opening are described in Jim Dalton's books) and visualize further development of the day.

    POC, VAH, VAL points are used first hour/hour and a half. After the range extension I use some Market Profile setups as well gauge price action if one of the support/resistance areas are reached.

    In my sheet all levels (except Pivot Points) are based on Market Profile studies and the Auction Market Theory. You can see performance of the levels for this week in attachment.
     
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  10. MGL

    MGL

    Post market performance for 10/10/19.
     
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    #10     Oct 23, 2010