Trading with Market Profile

I've got the beta running as well and am experimenting with the VAP study. You mention youve found it useful so far...can you offer up any tips yet on time frames or settings? Are you using it intraday yet or just as an end of day type market profile for the following day?

Keying off the Daily I see that 840, 884, and 904 stand out for example...

On the hourly I see 884/5, 896/7, 903/4 and 916/17 as key areas...

Is using those as pivot type numbers the basic method you're employing?

thanks...this thread has been a good dialogue so far
 
Guys,

remember that Qcharts spreads the total volume between the high and low of the bar, so using the smallest bar/candle(1 minute) will give you the most detailed levels - if you are looking at multiple days it is better to use 15 or 30 min bars and squish them up to get the most accurate number possible

917? WHO'S YOUR DADDY?:cool:
 
Good point They, thanks for mentioning that. And yes, 916/17 area where I had marked and you'd mentioned, bingo! can you say.......money
 
Don't know but I think esignal has a Market Profile study, or I'd heard they did from somewhere...might want to search the program or their site or PM one of their dedicated members who address issues in the esignal threads.



On another note...903/4 from my post last night...bingo...arent things just working nicely today, shame all trading days cant just follow along this clearly.
 
I day trade a lot off short term support and resistance, along with direction of the e-minis. The VAP so far has been helpful at picking out targets., both long and short. I often don't follow the targets, but they help in focusing on an end result. Have been experimenting with drawing support/resistance lines off both 30 minute and 5 minute charts.
 
#1 Entering off of support or resistance(where the big money is there to back you up)

#2 Letting your trade run to the next support/resistance level(controlling your mind, avoiding the noise/1 minute chart)

#3 Exiting at support or resistance when a sell or buy climax is occurring(bailing when the chumps are just getting in or stopped out)


#4 YOU BETTER FIGURE OUT HOW TO FIND SUPPORT AND RESISTANCE

#5 MACD, STOCHASTICS AND ANY OTHER OSCILLATORS ONLY TELL YOU HOW FAR YOU ARE FROM A MOVING AVERAGE - THEY DO NOT FIND SUPPORT AND RESISTANCE

#6 IF YOU WANT A TRUE OSCILLATOR(not one that is set to a frequency the market may or may not be oscillating in) JUST WATCH "$TICK"


Your entrance, what you do while in a trade and your stop and target are of equal importance.

The beginning, middle and end are important in all things
 
High and low volume levels act as price magnets that are constantly changing polarity


890 is low volume on the 5 and 10 day charts but high volume on the 20 day chart and a good buy level :cool:

if you are long you want high volume below you supporting your trade and vice versa for shorts - this also holds true for smaller time frames
 

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