Trading with Market Profile

Ok...I have been asking around to find out what most people are NOW using to trade the emini S&P in regards to Market profile..In other words are you basing the Value area numbers on Price/TIME or Price/VOLUME...THEY if you are still breathing it seems that you are now using Price/Volume ...can you tell me if this is true...? Are you still using Price/Time with the $Tick...? Thanks..thsi was/is a great thread

Pitbull
 
Quote from pitbulltrader:

Ok...I have been asking around to find out what most people are NOW using to trade the emini S&P in regards to Market profile..In other words are you basing the Value area numbers on Price/TIME or Price/VOLUME...THEY if you are still breathing it seems that you are now using Price/Volume ...can you tell me if this is true...? Are you still using Price/Time with the $Tick...? Thanks..thsi was/is a great thread

Pitbull
More...

i use Price/Time with volume considerations. guy (http://emini.deltat1.com/forum/default.asp) shows a quick snapshot comparison (albeit on below average range days):

In addition to time and volume based MP calculations you can also do a trade (tick) based calculation of MP. I did some work on calculating MP using time, volume and tick and for a while published some tables using a % of total for the trading day in order to compare. Here are some old pages that may be of interest to you:
http://www.deltat1.com/DailyNotes/MPES.htm
http://www.deltat1.com/DailyNotes/MPER.htm
http://www.deltat1.com/DailyNotes/MPNQ.htm
http://www.deltat1.com/DailyNotes/MPYM.htm
More...


though not implicitly MP, you may also want to check out:

http://www.chart-ex.com/chart-index.jsp

for a price/volume perspective.

hth

take care :)

omni
 
Pitbulltrader,

I use price/volume or VP, but when you get out to 20 day profiles the MP and VP are basically the same.

They
 
Thanks to both of you...that is excellent work that GUY is doing on the delta site and that Chartx site is fantastic. Are you still using the $ tick and running MP numbers on that THEY...? I was surprised that not many discussed that (the $tick)methodology within this thread...is it still an effective idea..?.Thanks again
 
Thank you for your kind words about chart-ex.com. Being a technician and having experience of working in the CBOT pits, I learned that the most important piece of information my traders wanted was “what is the volume?” I had my support and resistance numbers, but I wanted confirmation by seeing volume going into the pit.
I developed the site to give traders a trading tool that keys into VP data. To be able to pinpoint the volume distribution at each price, a trader can get important signals for entry/exit points in the market. There is no secret formula that is going to tell you when to buy or sell, but to have one more key piece of information is critical to your trading decision; Volume at price.
 
You must log in or register to reply here.
Back
Top