Why is 'market profile' only used for futures?

Discussion in 'Commodity Futures' started by Jonathan Weissberg, Sep 22, 2020.

  1. cesfx

    cesfx

    I always felt I could probably draw market profile, poc, value areas, volume spikes... and many more indicators, by hand just by looking at price. In hindsight of course and I could be wrong sometime, like most of them indicators do.
     
    #41     Oct 15, 2020
  2. bone

    bone

    I would urge you to do some of your own research on Pete Steidelmeyer’s original works.

    I consider price over time to be far more important than volume. The time component is huge for me. The more time that an instrument spends at a particular price range, the more universally accepted the valuation. Hence the equilibrium and non-equilibrium states in MP.

    The last price print is a distillation of all collective knowledge from the entire universe of market participants about that particular instrument. And better informed traders don’t let a mispriced instrument stay that way for long.

     
    Last edited: Oct 15, 2020
    #42     Oct 15, 2020