Trading with Market Profile

I studied market profile with Jim Dalton and Pete Steidlmayer in the late 1980's, but I was not making money with it. Then I got interested in it again in the late 1990's. The stuff Pete is doing now is light years beyond the earlier stuff. For the latest, see: http://www.steidlmayer.com/
 
First off, it is a fact that some markets trend better than other markets.

If someone is sentimentally attached to the ES, (as I was) which just happens to be the arbitrage market of choice, then searching for trends(new step 1's) is not going to be as profitable as 'revert to mean' trading.

If in the market you are trading yesterday's POC seems to attract price as much as you think it does then develop a 'revert to mean' strategy based on price returning to yesterday's POC

Otherwise you could change markets or
use a 5, 10, 20 day POC (how many days does price chop over the 5, 10 or 20 day POC)

MP/VP can be used for both trend and revert to mean trading. It is important to know the nature/range/behavior of the market you are trading and then choose a time frame and trading style, accordingly.
 
Hi they,

I noticed you use e-signal. The studies in the mp-charts you have been posting are these EFS-studies or is that the Mp-feature, that e-signal offers at an additional fee? Thanks in advance.
 
Quote from bundlemaker:

Ditch,

I belive they is using Chris Kryza's volume profile charts. They are found under file sharing at esignalcentral.
More...

Thanks, i found it.
 
I use both of Chris's Volume Profile studies (realtime and historic) and Paul's Market Profile(now Price Profile) study.

I tweaked them a bit for my style of trading but they are excellent studies as is.
 
Quote from They:

I use both of Chris's Volume Profile studies (realtime and historic) and Paul's Market Profile(now Price Profile) study.

I tweaked them a bit for my style of trading but they are excellent studies as is.
More...

Hi They,

i can't find the last one. Do you know under which group it is stored? I normally use the mp-function in Ensign, but due to the fact that time was set forward one hour last weekend in Europe all my charts are messed up and the mp-thing isn't working properly:(
 
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