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Market Profile Exploring the Auction Theory

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Old 25-02-2010, 10:17 PM
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Default Practical applications of market profile for day trading.

As name suggests we will apply market profile and auction theory related principles in real life day trading, this thread is not for positional traders, this thread is not for followers of conventional set ups in market profile, instead we will encourage each other to explore your own method to get the upper edge, we will not discuss theories here let alone basic FAQS there is market profile in theory thread for the same. This thread will develop on very simple principle of market profile, visual interpretation of market generated information, i will come on that point latter. Although i mostly day trade in nifty futures and options and most charts here will be of NF but individual stocks and liquid commodities for day trading are also welcome. The need of this individual thread arose because we want to avoid confusion, there are lot of brilliant traders here who have just started market profiling and they will get confuse as most of the discussion will be carried out considering guys here knew the basic things about market profile and they dont mind tweaking profile to best suit then, having said that we will not indulge in to curve fitting exercise, time to time we will run back testing reports if some one producing consistantly promising profiling set ups, for time being i will have to code those setups in market delta and after few months i will be ready for TS/MC, although market profile is very subjective but to checking out the reality of concept and avoid curve fitting we can generalise few things, dont get confuse it with 24/7 customer support. Foot note is we will try our best to utilise beautiful concepts of market profile to generate profit in our account. All the best.
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Old 25-02-2010, 10:33 PM
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Hope to learn a lot Alex..
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Old 25-02-2010, 10:42 PM
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Originally Posted by alex View Post
As name suggests we will apply market profile and auction theory related principles in real life day trading, this thread is not for positional traders, this thread is not for followers of conventional set ups in market profile, instead we will encourage each other to explore your own method to get the upper edge, we will not discuss theories here let alone basic FAQS there is market profile in theory thread for the same. This thread will develop on very simple principle of market profile, visual interpretation of market generated information, i will come on that point latter. Although i mostly day trade in nifty futures and options and most charts here will be of NF but individual stocks and liquid commodities for day trading are also welcome. The need of this individual thread arose because we want to avoid confusion, there are lot of brilliant traders here who have just started market profiling and they will get confuse as most of the discussion will be carried out considering guys here knew the basic things about market profile and they dont mind tweaking profile to best suit then, having said that we will not indulge in to curve fitting exercise, time to time we will run back testing reports if some one producing consistantly promising profiling set ups, for time being i will have to code those setups in market delta and after few months i will be ready for TS/MC, although market profile is very subjective but to checking out the reality of concept and avoid curve fitting we can generalise few things, dont get confuse it with 24/7 customer support. Foot note is we will try our best to utilise beautiful concepts of market profile to generate profit in our account. All the best.

Very relevant thread . Please continue to educate.
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Old 26-02-2010, 12:46 AM
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having said that we will not indulge in to curve fitting exercise, time to time we will run back testing reports if some one producing consistantly promising profiling set ups, for time being i will have to code those setups in market delta and after few months i will be ready for TS/MC,

one with such a set up is less likely to show up in a public forum
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Old 26-02-2010, 01:19 AM
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Originally Posted by edakad View Post
one with such a set up is less likely to show up in a public forum

very true, as i also not posted my MD Codes, but yes i posted bits and pieces of it, others can do the same, lets see how things develop.
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Old 26-02-2010, 01:35 AM
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More about market generated information - classical - volume, price, time, we will consider more information - volatility index/ implied volatility, nifty open interest, open interest put call ration, gaps as visible prints.
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Old 26-02-2010, 08:19 AM
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Lets get down to business straight away
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Old 26-02-2010, 08:32 AM
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Go ahead Alex,

Trading is all about trial and error. We need to try out things and learn from our mistakes. If one doesnt get out of the rule book, there is no chance for him to improve. Discoveries and Inventions have been done on the bases of thinking out of the rule book.

Looking forward.

Best luck with ur new thread. Hope it will rock.

Darshiit
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Old 26-02-2010, 08:45 AM
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I wish you much success with the thread.

Best Wishes,
Taq
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Old 26-02-2010, 11:42 AM
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Open interest delta is negative, 5000 levels saw sharp reaction by sellers, market trapped between two single prints in very small range, bad for option buyers and good for option writers.
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