indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Technical > Market Profile

Market Profile Exploring the Auction Theory

Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #31 (permalink)  
Old 27-12-2012, 03:25 AM
tradepunt tradepunt is offline
Regulars
 
Join Date: Apr 2011
Posts: 149
Thanks: 78
Thanked 88 Times in 53 Posts
tradepunt will become famous soon enoughtradepunt will become famous soon enough
Default

thks a lot devdas on point 1, 2 & 4. infact, i will update on some tweaking/experimenting which i am doing in IB (not TF based but avg volumes + ADR based). dunno hw it will turn out!

only point 3 is still a bit unclear! TPO is understud!
but v use a 30min bar to get VP which is based on 30*1min bars (a consolidated profile). even if we are using a tick data, the VP will be plotted on a 30min bar only nah? so wt diff will it make with tick data? i hope m nt confusing u or m i getting too confused!

Originally Posted by devdas View Post
1) If you are trading Future then you must follow Future Price. Just like as we trade Nifty Future, but hardly track Nifty Index Price.

2) I feel you you are having misconception of "biggies" and perhaps their "actions" and "methodologies" adopted have too much bearings on market dynamics. You must be in market to trade your way not the other's way. Making complex assumption and adopting tweaks of standard practices may not be very effective and beneficial in your trading. But you can always do experiments in latter stage once you get good handle of standard trading ethics.
So i say, stick to standard IB of 60 min or 30 min. But it still depends on various factors, some i can think are following

a) Instrument type ( Cash/Future , Commodity or Currency ).
b) Instrument Volatility and Average Daily Range.
c) Session Total Duration.
d) Behavioral Trading Pattern of traders trading that Instrument.

3) If you are using TPO profile than it does not matter much, tick or minute data, as TPO is constructed on Time. So minute data can also plot same shape TPO profile as tick data.
If you are using Volume Profile than more the granularity of data more the accuracy, as it uses Volume on each Price( i.e. tick ).
Again i say, dont rush for "Tick" in illusion that it will give better information to execute. Rather you will be more better trader if you follow aggregate picture.
You can find hundreds of traders examples over the other forums and Internet , who start using smallest granularity chart , burnt their hands and finally get back on increasing the time frame.
Even i feel ( from current state of trading experience ) to drop my 3-min chart and follow only 15-min (...gradually shift to even daily) and reducing trades from 10 per week to 4 per week and then 4-5 per month.

4) You are already using aggregate picture trading - keep on refining.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #32 (permalink)  
Old 28-12-2012, 01:53 AM
devdas's Avatar
devdas devdas is offline
edevaay.com
 
Join Date: Mar 2009
Location: Tactical Hell....
Posts: 5,386
Thanks: 15,762
Thanked 18,332 Times in 5,078 Posts
devdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond repute
devdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond repute
Default

Originally Posted by tradepunt View Post
.....
but v use a 30min bar to get VP which is based on 30*1min bars (a consolidated profile). even if we are using a tick data, the VP will be plotted on a 30min bar only nah? so wt diff will it make with tick data? i hope m nt confusing u or m i getting too confused!

See below pic if you are confused about how tick and minute differ in their representation. Your charting s/w must be capable of tick database and plotting of tick and not to mention tick data feeder.

1) 1-min_VP(tick)
2) 1-min_VP(minute)
3) 30-min_VP(tick)
4) 30-min_VP(minute)

finally one may not like discrete tick profile in visuals ( also discrete profile levels are more prone to jump in just one big size volume tick cause that changes POC ) and trading...so last represent smoothing ( it simple aggregate tick and fills emplty space for better visuals. Tick aggregation does not let POC change easy with single big size volume tick )

5) 30-min_VP(tick)-smooth.
Attached Images
File Type: png 1-min_VP(tick).png (48.5 KB, 40 views)
File Type: png 1-min_VP(minute).png (49.9 KB, 34 views)
File Type: png 30-min_VP(tick).png (57.6 KB, 34 views)
File Type: png 30-min_VP(minute).png (56.9 KB, 27 views)
File Type: png 30-min_VP(tick)-smooth.png (56.2 KB, 29 views)
__________________
Harvest The Moon !!
Nest The Market !!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 5 Users Say Thank You to devdas For This Useful Post:
  #33 (permalink)  
Old 28-12-2012, 01:59 AM
devdas's Avatar
devdas devdas is offline
edevaay.com
 
Join Date: Mar 2009
Location: Tactical Hell....
Posts: 5,386
Thanks: 15,762
Thanked 18,332 Times in 5,078 Posts
devdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond repute
devdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond reputedevdas has a reputation beyond repute
Default

As all these query and answer are way-off from original thread topic so i apologies for that and request to move these in other MP thread, so opener can continue his valuable work without obstruction.
__________________
Harvest The Moon !!
Nest The Market !!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to devdas For This Useful Post:
  #34 (permalink)  
Old 28-12-2012, 02:27 AM
tradepunt tradepunt is offline
Regulars
 
Join Date: Apr 2011
Posts: 149
Thanks: 78
Thanked 88 Times in 53 Posts
tradepunt will become famous soon enoughtradepunt will become famous soon enough
Default

i simply dont have words to express my gratitude 2u. thks anywys -

though my approach will not change drastically in using MP/VP till i start using tick data & increase my intraday exposure, by clearing many doubts you have calmed my restlessness to a larger extent . nw my approach wd be clearer & without ambiguities/doubts hovering around!

btw there was a difference of 3-4 points in VAL/VAH/VPOC of nifty (when tick data used over 1min TF bar) which could be relatively relevant to different types of traders with different TF!

Originally Posted by devdas View Post
See below pic if you are confused about how tick and minute differ in their representation. Your charting s/w must be capable of tick database and plotting of tick and not to mention tick data feeder.

1) 1-min_VP(tick)
2) 1-min_VP(minute)
3) 30-min_VP(tick)
4) 30-min_VP(minute)

finally one may not like discrete tick profile in visuals ( also discrete profile levels are more prone to jump in just one big size volume tick cause that changes POC ) and trading...so last represent smoothing ( it simple aggregate tick and fills emplty space for better visuals. Tick aggregation does not let POC change easy with single big size volume tick )

5) 30-min_VP(tick)-smooth.


Last edited by tradepunt; 28-12-2012 at 02:29 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to tradepunt For This Useful Post:
  #35 (permalink)  
Old 28-12-2012, 01:00 PM
AC7 AC7 is offline
.....
 
Join Date: Apr 2009
Posts: 5,959
Thanks: 13,493
Thanked 14,476 Times in 5,601 Posts
AC7 has disabled reputation
Default

Originally Posted by devdas View Post
See below pic if you are confused about how tick and minute differ in their representation. Your charting s/w must be capable of tick database and plotting of tick and not to mention tick data feeder.

1) 1-min_VP(tick)
2) 1-min_VP(minute)
3) 30-min_VP(tick)
4) 30-min_VP(minute)

finally one may not like discrete tick profile in visuals ( also discrete profile levels are more prone to jump in just one big size volume tick cause that changes POC ) and trading...so last represent smoothing ( it simple aggregate tick and fills emplty space for better visuals. Tick aggregation does not let POC change easy with single big size volume tick )

5) 30-min_VP(tick)-smooth.

Knowledge Source ...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 3 Users Say Thank You to AC7 For This Useful Post:
  #36 (permalink)  
Old 16-01-2016, 02:14 PM
anush anush is offline
Regulars
 
Join Date: Oct 2009
Location: ahmedabad
Posts: 212
Thanks: 28
Thanked 227 Times in 133 Posts
anush will become famous soon enoughanush will become famous soon enoughanush will become famous soon enoughanush will become famous soon enough
Default

Originally Posted by ashis_ch View Post
great thread JJ ...keep it up

ashish bhai do you have any face book account
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

indiTraders - Forum for the Active Indian Trader > Technical > Market Profile


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On



All times are GMT +5.5. The time now is 08:23 PM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2