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Market Profile Exploring the Auction Theory

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Old 14-02-2013, 10:45 AM
ambarish ambarish is offline
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Unhappy Need teacher for MP

i have been trying to learn MP ,but cant get the hang of it...it would be gr8 if someone can teach me
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Old 14-02-2013, 11:28 AM
no1lives4ever no1lives4ever is offline
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While I havent got a very good hang of it, I would still recommend the following for anyone looking to learn MP:

1. Read through both the dalton books a few times.
2. Read through the steidlmayer books
3. Go through dalton's field of vision video course.
4. Watch all the videos dalton has posted on vimeo.

While you are going through the above texts to get a basic idea of MP, you will never be able to make much use of MP w/o realtime charts. Make sure that you have realtime MP charts and track around 10-20 different instruments using MP. The more charts you can track intraday the faster you will learn. Ideally include stock charts, index futures, currencies and commodities in your list.

Try to predict the shape of the day's profile before it forms. Look at the sequence of profile shapes formed. Dalton's second book and the field of vision video gives a good idea on the thought process towards analysing using MP.

Finally, dont treat everything you read in books as what works in the real world. Some stuff given in books dont work. Some only work for certain instruments. Test out every rule, every observation, etc.

Another thing you can do is to post your charts and your observations on the charts on a separate thread. The Market Profile in practice thread has many such postings from past. You may want to go through that thread with historical charts so that you can see the relavant charts from when the posts were made. This can help clear some doubts and also show you how people use MP in the context of indian markets.

-- no1lives4ever
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Old 14-02-2013, 12:48 PM
RAIN RAIN is offline
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I also need a personal mentor/coach for trading, need not be MP specific.
any one out here can be my mentor, the reward will handsome.
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Old 14-02-2013, 02:09 PM
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"Just when you think you are smart, the market will show you just how really dumb you are."

YM : robin_malihan
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Old 14-02-2013, 02:25 PM
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I just trade the 80% rule . So on my chart the thing shows is UVA and LVA.
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Old 14-02-2013, 04:00 PM
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Originally Posted by RAIN View Post
I also need a personal mentor/coach for trading, need not be MP specific.
any one out here can be my mentor, the reward will handsome.



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Old 14-02-2013, 04:49 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

Just go through Market profile in Practice thread completely and at end of finishing it you will think there is no need of teacher for the same.

Regards
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traDe the sEtup yoU see, beliEve what the marKet is telling yoU, trust yoUr Gut.
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Old 14-02-2013, 05:11 PM
RAIN RAIN is offline
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And there will be no need for MP also, in the end.
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Old 14-02-2013, 05:17 PM
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Today is valentine day and if you love kissing then my million dollar advice is to plant a kiss in your Trading. No one can teach you better than a kiss (keep it simple stupid).

regards
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Old 14-02-2013, 05:27 PM
RAIN RAIN is offline
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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
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