Trading with Market Profile

Originally posted by Tacsian
Op,

I right clicked on the link you posted and got a file dled that was about 1 meg. Trouble is...I cant run it, or extract anything from it. It has the name: QchartsAnaheimTest etc etc. What do I use to get the qcharts.exe and continuum files extracted from this??

It would be great to have access to the VAP study to work with the tick and even for a basic profile of the ES action for the day. I'm trying the manual charting as well to see what numbers I come up with.
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Tac,

I just checked the link and that portion of quote.com is down. If you managed to d/l it successfully then you need to make sure it ends in ".zip" so you can unzip it into two files. FWIW, I didn't have to rename it but maybe your browser treats things like that differently. :confused:

I'm trying out the Linnsoft Investort/RT software which has an MP study so I'll report my findings when I have it figured out.

--opm8
 
Originally posted by They
as described above, for the $tick I only use the VAP and "Retracement" study, (not MP)

on $tick b/c there is no volume the "VAP study is counting ticks in that bar and then evenly disbursing them in its range (using 1 min bars will give you the most accurate read possible with the "VAP" study - (same thing for the ES although there it is actually counting volume) - the best programs will allow you to view the exact price in the 1 minute bar where the volume occurred

For MP numbers I manually enter each 30 minute bar's range in to a spread sheet - after doing it for a while you will see the VA without doing the calculation

Cisco has a free 2 week trial on all their info - that is the best way to get the POC, VA, VP etc.. - the owner Don Jones is a very helpful person and will always answer questions on how his software plots the day's POC, VA etc...
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They,

If you're still able to, can you please continue posting your POC, UVA and LVA for the ES and $tick at least for the next few days. That way we can all be on the same page and be sure we're generating the values correctly, regardless of what method. Thanks for the good thread.

--opm8
 
For tomorrow, Friday the 25th, I have the following:

POC 897.00

HVal 903.00
LVal 889.00


NTR (natural trading range) 879.00 to 897.00

highest volume area: 882.50 (which is much much lower than the POC area, so I'll be watching to see if this area is a pivotal area tomorrow)

any confirmation or disagreeing numbers?

I haven't worked out the tick yet, just sticking with the market profile for the actual SP/ES so far.
 
ok, I'm thoroughly confused as to how to calculate POC, UVA and LVA. :confused:

Nothing I've read on any site makes any consistent sense so I've ordered a book on market profiles. Until it arrives can someone please explain in simple terms how to derive POC, UVA and LVA from the spreadsheet columns of letters? I think it's got to do with eliminating the 2nd and 3rd standard deviations (now, how to define those?).

--opm8
 
Same numbers here roughly, but I am a rough person:p



901.50 UVA
897 POC
893 LVA


$tick

980 UVA
-325 LVA

weekly

913
905

877.50
873
860
 
Hi,

Excellent thread !!

1. How do you divide 30 minute periods if SPOOS are opening at 9.30 and clsing at 4.15 ?

2. What is the diffrential between your method and the Capflow 32 software (link in one of your earlier posts) ?

3. In the mail you present a series of numbers, I am slighltly confused by the $Tick (where is POC) and why 5 numbers for the weekly ? which ones are POC UVA LVA and what are the other two ?

4. Am I correct to assume that when price is at POC it is the fair value for the market and when price is at UVA its overbought (look to short) and when price is at LVA look to get long ?

5. Is it possible for you to post the spreadsheet you have provided as a GIF example so I can more accurately determine if I am on the right track ?

thanks.
 
1. How do you divide 30 minute periods if SPOOS are opening at 9.30 and closing at 4.15 ?

Last period is 15 minutes.

2. What is the diffrential between your method and the Capflow 32 software (link in one of your earlier posts) ?

I just trade the levels, Capflow is looking to identify a new "step1" and exploit it.

3. In the mail you present a series of numbers, I am slighltly confused by the $Tick (where is POC) and why 5 numbers for the weekly ? which ones are POC UVA LVA and what are the other two ?

I don't use the $tick POC to trade off of.
Weekly numbers I use might be from 1, 2, or even 3 weeks combined - I just post a few levels close to where we are trading
(when I feel like posting that is)

4. Am I correct to assume that when price is at POC it is the fair value for the market and when price is at UVA its overbought (look to short) and when price is at LVA look to get long ?

POC = "accepted value"
UVA = upper range of accepted value
LVA = lower range of accepted value

If it is a chop day sure you can sell the upper part of value and buy lower part of value BUT how do you know it is a chop day - how do you know it is not the beginning of a new step1 about to reject current value in search of a new value area?

5. Is it possible for you to post the spreadsheet you have provided as a GIF example so I can more accurately determine if I am on the right track ?

Last Friday is not the best example but it will let you see what happens when you have value accepted for half of the day at one level only to be rejected and break out to a new level and begin to find value at that second level - a double distribution or "B" formation versus the typical "D" formation bell curve

Up until 14:00 EST we traded in the VA of 878 -889 after we broke from that Value Area and traded above 890 we established a new Value Area between 892 - 898

The market is always searching for and finding value only to reject it and search again - this is taking place on all time frames in all markets, it is a constant - base all your trading be it discretionary or mechanical on this concept and you will be able to trade all markets in all time frames

why would you set an oscillator to 5,14,34 or whatever and demand the market to cycle at this speed?
 

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