You should have written: "Market profile is about as useless to me, as my dick is to me after nine beers". See the difference?
maybe market profile is useless to you because just like your dick you dont know how to use it. The simple trading of just value area hi's and lows are the basics thats it the basics. Market profile should be used for indicating market structure and where there stucture is failing or succeeding. Heres a copy of my Market profile for the 30 yr bonds for today 2/25/09 and just to educate you the take a look at the 127'12 area price going beyond 127'14 area was a clear indication that structurally something was changing so I watched price go down to around 127 and waited for price to come back into that area and got short.... gues what worked like a charm.....so simply put market profile is moe than just value areas and bell shaped curves you have to use your mind and understand the logic...well if you cant use your dick how could anyone expect you to use your mind
Well if you look at my last post and the attached chart the lines representing resistance and support definatley work so I dont wanna hear anyone say that Market Profile doesnt work I dont trade over night sessions and the 125'02 was the low for today and wow the 126'04 was 2 cents off the high if market profile doesnt work then someone else please feel free to show me the errors of my ways
Siwash Registered: Aug 2003 Posts: 135 01-25-09 09:35 PM Quote from russ1: I apologize to all! I am new to this forum and thought that with my above post that I was replying to one of the first few questions which asked about software ( I was rereading old posts) I have no connection with Jim Dalton other than having studied his work. I have read Steidlmayer as well. Obviously Steidlmayer knows Profile trading, since he developed the theory, but his writing is (at least for me) difficult to discern........by the way some of his writing on MP is FREE on the CBOT web site. Dalton's two books explain Market profile better than any source I have found. Windotrader is much better than esignal, cqg, photon trader, trade station or any other MP charting software. I TRADE INTRADAY AND SWING. NO OFFENSE, BUT I AGREE WITH OLDFLOORGUY Just curious what time frame you trad
Hello! I'm new to market profile trading. Can someone please tell me of a demo trading software i can trade with using those tools?I'm trading energy futures not ES . I would also like a link to a good site teaching how to trade market profile. Thanks a lot
i don't know of any demo MP trading software, but there are several solid charting options out there (WindoTrader, IRT, Sierra, TradeMaven, Market Delta, CQG, etc). I'm very happy with WindoTrader. lots of different directions out there for this question. here are a few options: Anatomy of CBOT MarketProfile - by Jim Dalton ASX on MarketProfile - good primer on MP CBOT MarketProfile Manual Market Profile Basics Interview with Pete Steidlmayer and three of the most referred to books on Market Profile: Mind over Markets, by Jim Dalton Markets in Profile, by Jim Dalton Steidlmayer on the Markets, by Pete Steidlmayer and Steve Hawkins of course, there is a lot of info among the various forums. ET, TradersLaboratory, Trade2Win, and MyPivots all have plenty of MP related material. as for actually teaching MP, you can always go straight to one of the pioneering sources, Jim Dalton. he teaches a course, CL/CES, on Market Profile. actually, it's a lot more encompassing than just MP. i enrolled in it in January 2009 and am very impressed, very glad i enrolled. hope this helps.