Search results

MP is correlating price, time and volume. Although common volume is not available in forex but you have tick volume as an alternative plus MP can give you other analysis that can support and facilitate your decision. Pls. have a look at the attached Eur/Usd pic. Hani :)

Market profile (MP) is an effective tool to determine S/R levels including volume at each level. It is widely used in equities and futures market by floor traders for decision making. Here are some references to get a deeper idea : http://www.cbot.com/cbot/pub/page/0,3181,1168,00.html...