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Old 11-12-2016, 11:07 AM
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Originally Posted by vikkas View Post
After market get closed all such thoughts fill in. This is biggest problem with profiles while they developing.have seen neutral days becoming trend days and at end of day profile chart is like ohhh it is showing good trend day.

then plz tell us the solutions ?
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Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Consider us a dumb -dumble guy in this analysis, any type of real time example will be quick-learn approach.
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Old 11-12-2016, 12:33 PM
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Originally Posted by nTuple View Post
then plz tell us the solutions ?

Well due to this problem I stopped using mkt profile at all.
Hope this will help.
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Old 11-12-2016, 01:57 PM
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Originally Posted by nTuple View Post
but i our guru ji and devd ( gomi) used it he is making serious dough these days ... help me to learn it ...

They might using good number of other indicator which came from concept of mkt profile. Like vwap and vpoc..
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Old 11-12-2016, 05:53 PM
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Originally Posted by vikkas View Post
After market get closed all such thoughts fill in. This is biggest problem with profiles while they developing.have seen neutral days becoming trend days and at end of day profile chart is like ohhh it is showing good trend day.

I just saw this post, and first thought to ignore that i have not to answer anything regarding what works or not or what approach is better than other. Because these turns in useless debate without getting answer to what should be done.

So i am trying to be short and precise about this.

1) Just like any MP concept "every thing" can fail in trading at any instance.....everything, any method, any indicator, any quant, any stat, any system, any AI based logic....whatever we can think of possible ways of trading and analyzing the market. It is matter of time when user get to that point where he realizes this particular method has similar chances of failing as any other. IMHO, user will be lucky to know and reach at that point.

2) Only thing which helps is how much time user has interacted with market ( and prices obviously ). There is no exact estimate about this,we often read like 10,000 hours of screen time etc....just dont indulge in that whether it should be less or more but "it is". Simply say it need screen time experience roughly 5-6 years minimum, more the better.

3) It is often advised that, stick to one approach, one thing , one indicator , one premise , one method....whatever we are choosing. Why it is so ? I will try to give this answer with my real life experience -

Recently i shifted to a crowded city and i have to explore most of thing there. There were 5 different routes to reach my office from home. There would be always different flow of traffic during morning and evening time. Even during morning there would be different flow of traffic from 8:30 to 9:00 AM and from 9:00 to 9:30 AM. Similar slab may apply in return time from office. There are also 3 routes interconnected so its possible to short-circuit to avoid some traffic, but it may or may not work. Traffic flow may be different on all 5 working days of week. So make a rough estimate of approaches by combining these variables ,

a) 5 major routes
b) 2 timing slabs
c) 2 Moves ( going to office and returning )
d) 3 Interconnections
e) 5 Day of working

Possible combinations = 5 x 2 x 2 x 3 x 5 = 300
That means if i decide to test one approach everyday then same approach will come after 300 days !! Can i have any solid experience of one approach during my tenure of 3-4 year in the city ? - absolutely no. I have to make my choice narrower and ultimately stick to any one approach and have to adjust my schedule according to that. I have to take account that i may get trapped in traffic, its possible for any failure in vehicle etc. and leverage extra time for that. And this can happen on any approach, none is perfect.

In same way when we adopt one single approach to analyze and trade the market then this helps to build experience quickly about approach and also about market. We quickly learn and memorize how particular element of our approach behave in different market conditions of high/low volatility , during different seasonality, during different days of week, during major news/events and this accumulates year after year in our experience.

So summary of all above three point is - Because everything can fail at times, so stick to one approach and make a huge experience with that.
This can only work and improve anyone's trading.
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Old 11-12-2016, 06:35 PM
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Well explained in a simple way with example, devdas
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Old 11-12-2016, 08:39 PM
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Originally Posted by vikkas View Post
Well due to this problem I stopped using mkt profile at all.
Hope this will help.

https://www.youtube.com/watch?v=oVnsnYFY0hU
__________________
thx
nTuple

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Consider us a dumb -dumble guy in this analysis, any type of real time example will be quick-learn approach.

Last edited by nTP; 11-12-2016 at 09:46 PM.
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