How to use Profiles

[ElliotTrade]

Hi, I am looking to using market and volume profiles in my strategy to get more confrimation on the trades I am taking. Please can anyone share some info on how they would recommed using these tool? Thanks

 

[SunTrader]

Ye. Study them for the next year or two.

 

[MarkBrown]

trade range bound style when inside the va and momentum style outside the va.

 

[murray t turtle]

Hi, I am looking to using market and volume profiles in my strategy to get more confrimation on the trades I am taking. Please can anyone share some info on how they would recommend using these tool? Thanks

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I STOPPED using volume profile, partly because mine was too error filled ;
like with liquid ETFs like SPY, some periods had no sell volume =obvious error ,LOL.
I could see how if one, was trying to buy or sell 1 million SPY in 3 minutes , may help;
but even then, other ways to do it , like simply observe 3 minute charts.......
2] I have a double check rule to confirm[some spell it confrim].
And with SPY..... being ''liquidity leader'', never was real useful for me anyway; some may like it.

 

[danielc1]

I use the market profile to identify support and resistance levels

 

[mervyn]

TPO is more useful than VP.

 

[murray t turtle]

View attachment 338403

I use the market profile to identify support and resistance levels

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I use moving averages for that sometimes................................................................

 

[Real Money]

Combine with VWAP and detrending. [EXAMPLE]

 

[danielc1]

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I use moving averages for that sometimes................................................................

Sure, I also use the ma for that. I use them also for value of the mean. Further from the ma, the more I´m looking for a reverse to mean, against a value area of the MP