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Market Profile Exploring the Auction Theory

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  #11 (permalink)  
Old 14-02-2013, 07:33 PM
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Originally Posted by RAIN View Post
The point of illusion is the "SIMPLICITY", it seems , but is not easy.Anyone ready for a real trade together with real money via team viewer

But what's in it for the trader who already makes money?
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Old 14-02-2013, 09:56 PM
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Originally Posted by ambarish View Post
i have been trying to learn MP ,but cant get the hang of it...it would be gr8 if someone can teach me

If you are not getting hang of it...then dont waste your precious time to learn that...it wont make money for you probably even after learning.( there would be psychological disorders that would have been graved in your mind during tough time of learning it...you will learn it by practice but when coming to earn from that - those disorders surface and you will feel falling at zero level. )

Take some other approach which take less time to understand and less confusing , and master that by practice. You can live in market by one trick , if you master that. Try to think what you like honestly and progress towards that.
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Old 14-02-2013, 10:02 PM
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One thing I have noticed is that MP is easier to grasp for people who have tried other approaches and have been trading for a while, otherwise it could be really difficult to grasp. The reason being that MP is not a structural approach like other methods, there is no A to B, there is no Open above Value so it would do X etc. I see a lot of people doing that which is just the continuation of the straight analytical approach that people start with because of their familiarity with Technical Analysis.

So a good thing for anyone trying to learn MP is just to have patience and work up from the basics while keeping the essential tools of volume, sentiment etc in mind. Ignore everything else, you can get the non-essentials back in after you have a core theory to work on. MP is just the basics when it comes to developing a working theory for the markets, to get things working you have to put in some serious thinking into all aspects.
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Old 14-02-2013, 11:17 PM
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Originally Posted by ambarish View Post
i have been trying to learn MP ,but cant get the hang of it...it would be gr8 if someone can teach me

ambarish,

As a first step, start a new thread on learning to trade with market profile.

Begin by posting profile charts for at least 2-3 instruments at eod and then post your commentary on what you see in the charts. Invite others to post their comments on those charts.

To begin with, I will try and post whatever I know based on the charts you post.

Now to get to the stage of being able to post MP charts at end of every trading day, I would suggest getting the following:
a. A realtime data feed. Go through the data section. pipeman is running a beta of his data service and it's amibroker plugin. It is not perfect, but till the time it is in beta and free, you can get to enjoy a proper exchange authorized real time data feed that gives you cash market, futures and commodities data feed.
b. A charting app capable of showing MP charts. I would suggest that you start with a trial of amibroker and use kaka's mplite afl.

You want to be seeing charts of at least 10 different instruments in real time so that you can learn faster.

Let the members of inditraders act as a group mentor for your MP journey.

-- no1lives4ever
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Old 15-02-2013, 09:06 AM
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What others are saying are right from their view point and looks pretty easy , isn't it?
And thats exactly the start of the illusion, be in the market , try to increase your screen time, analyse the price action, then you would know what exactly works for your own, its like swimming can't be taught with words only, it needs skill and lots of practice.The comments here given are all from war veterans from the markets, who can show you their own bruises and cuts/scars, no it would not be easy, take it from me, in order to be a master , first learn how to take the beatings and rise again and again and again, if you are ready then take the plunge.
If you know what works for you, then why MP, everything else will start working for you.
Before saying adios, here is last word - Never fight the trend.A pullback is never overdue.
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Old 15-02-2013, 10:17 AM
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start dreading daltons book.....lets see how things go.........from the first few pages itself i have doubt ......to profile the market we use the hi-lo of 15 min candles of previous day?
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Old 15-02-2013, 10:22 AM
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i am not sure but in other threads its been told that it shud be 1st two candles of 30min TF which also act as the initial balance!

cn anybdy confirm, hw cum dalton uses 15min candles?

Originally Posted by ambarish View Post
start dreading daltons book.....lets see how things go.........from the first few pages itself i have doubt ......to profile the market we use the hi-lo of 15 min candles of previous day?

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Old 15-02-2013, 10:51 AM
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dalton uses hourly,i gues thts bcause he wrote on fx which is open 24hrs so 1hr cndle might be to divide the day equaly,on same principle i said 15min
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Old 15-02-2013, 12:06 PM
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@ambrish, start a new thread and start posting about your doubts from dalton's mind over markets first.

-- no1lives4ever
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Old 21-12-2016, 02:01 PM
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i need one in free of cost
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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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