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Market Profile Exploring the Auction Theory

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  #21 (permalink)  
Old 28-06-2014, 11:32 PM
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Originally Posted by no1lives4ever View Post
I once read both the first edition and second edition of steidlmayer on markets. Found that the first edition had more readable content. So dont just dismiss the older books.

I can understand that. Even James Dalton's 2006 book shows a shift of focus from profile analysis to meta-analysis of psychology, self-behaviour, etc.
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Also check out don jone's book available on cisco futures site and the cbot market profile handbook.

Couldn't find this one. Is it available in a PDF file? or is it a page-by-page read-online type of thing? I have read many pages online on that website though.

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Another way to look at market profile is to see the movement of market from balance to imbalance to balance and so on.

That a good way the authors put it, but actually it is homologous to trend-consolidate-trend cycle. As with the trend-consolidate-trend thing, the balance-imbalance is proven after the structure is complete. IMHO, it adds very little value. Somebody with a good visualization skill of a bar/candle chart may not even need a profile graph to call out that thing.

One crucial insight lent by MP authors is the existence of traders with short-term and long-term goals, or simply put fair-price seeker and advantageous-price seeker. Not that other methodologies ignored such distinction, but some illustrative stories in James Dalton's Mind Over Markets actually opened my eyes and mind!
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Old 29-06-2014, 12:08 AM
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I found Steidlmayer's scripts to be lucid and self expalnatory, less confusing than any thing, next close comes is CBOT manual, that is 6 part study guide to MP
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Old 29-06-2014, 01:10 PM
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Originally Posted by bunny View Post
I can understand that. Even James Dalton's 2006 book shows a shift of focus from profile analysis to meta-analysis of psychology, self-behaviour, etc.

The second dalton book builds up on the first book. You need to read both of them

I would also suggest that you read through all of these books 2-3 times. The subsequent reading will bring out new information that you missed out on the first reading.

Originally Posted by bunny View Post
Couldn't find this one. Is it available in a PDF file? or is it a page-by-page read-online type of thing? I have read many pages online on that website though.

http://www.cisco-futures.com/vbpt/index.htm
There are a lot of good interesting articles available on www.cisco-futures.com website. Consider reading through all of them

Originally Posted by bunny View Post
That a good way the authors put it, but actually it is homologous to trend-consolidate-trend cycle. As with the trend-consolidate-trend thing, the balance-imbalance is proven after the structure is complete. IMHO, it adds very little value. Somebody with a good visualization skill of a bar/candle chart may not even need a profile graph to call out that thing.

This is one area where the profile graph is significantly better than a normal bar/candle chart.

Market is balanced when market is spending time at a price. This happens when both buyers and sellers agree to a price. On a profile chart, you will see this as horizontal development.

When market is imbalanced, the market auctions to find a price that is accepted by both sellers and buyers. This is seen as a thin vertically elongated profile.

Trying to identify day types should help you with this type of visualisation.

A quick shortcut to get one started is to see if value areas of subsequent profiles overlap. When they overlap, then the market is balanced. When they are not overlaping, then market is in imbalanced state. In actual markets, it is not so clear cut. But this is a good way to start with the visualization. Sometimes you will notice that market is balanced for a few days, then it shows imbalance for a day only to return to the balanced area.

Originally Posted by bunny View Post
One crucial insight lent by MP authors is the existence of traders with short-term and long-term goals, or simply put fair-price seeker and advantageous-price seeker. Not that other methodologies ignored such distinction, but some illustrative stories in James Dalton's Mind Over Markets actually opened my eyes and mind!




Originally Posted by NT View Post
I found Steidlmayer's scripts to be lucid and self expalnatory, less confusing than any thing, next close comes is CBOT manual, that is 6 part study guide to MP

I cound never find any one book or video that helped me understand MP. For me it was a case of reading through all the MP material I could get my hand on, watching tons of videos.

-- no1lives4ever
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  #24 (permalink)  
Old 15-07-2015, 09:44 AM
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Originally Posted by no1lives4ever View Post
The second dalton book builds up on the first book. You need to read both of them

I would also suggest that you read through all of these books 2-3 times. The subsequent reading will bring out new information that you missed out on the first reading.


http://www.cisco-futures.com/vbpt/index.htm
There are a lot of good interesting articles available on www.cisco-futures.com website. Consider reading through all of them


This is one area where the profile graph is significantly better than a normal bar/candle chart.

Market is balanced when market is spending time at a price. This happens when both buyers and sellers agree to a price. On a profile chart, you will see this as horizontal development.

When market is imbalanced, the market auctions to find a price that is accepted by both sellers and buyers. This is seen as a thin vertically elongated profile.

Trying to identify day types should help you with this type of visualisation.

A quick shortcut to get one started is to see if value areas of subsequent profiles overlap. When they overlap, then the market is balanced. When they are not overlaping, then market is in imbalanced state. In actual markets, it is not so clear cut. But this is a good way to start with the visualization. Sometimes you will notice that market is balanced for a few days, then it shows imbalance for a day only to return to the balanced area.






I cound never find any one book or video that helped me understand MP. For me it was a case of reading through all the MP material I could get my hand on, watching tons of videos.

-- no1lives4ever

Another source for profilers and wouldbe profilers to learn MP

http://electroniclocal.blogspot.in/
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Old 15-07-2015, 02:06 PM
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Here is the best source http://www.inditraders.com/market-profile/
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Old 16-07-2015, 01:25 AM
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Originally Posted by Vinay View Post
Another source for profilers and wouldbe profilers to learn MP

http://electroniclocal.blogspot.in/

I remember back in 2010, he was trading using keltner and some 4 tick range chart with some hints from deltas. Time evolution made him tweak his methodology a little bit , now with new modern words like OFA, MP , anomaly etc , etc.... I think he is registered user id here also. Search some post containing "alex" and "electronic local" , it will popup.
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Old 18-07-2015, 03:14 AM
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Originally Posted by devdas View Post
I remember back in 2010, he was trading using keltner and some 4 tick range chart with some hints from deltas. Time evolution made him tweak his methodology a little bit , now with new modern words like OFA, MP , anomaly etc , etc.... I think he is registered user id here also. Search some post containing "alex" and "electronic local" , it will popup.

indicators-systems/2510-electroniclocal.html

You should have asked us to search your id and electroniclocal
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Old 18-07-2015, 04:05 PM
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Originally Posted by no1lives4ever View Post
inditraders.com/indicators-systems/2510-electroniclocal.html

You should have asked us to search your id and electroniclocal

actually , alex was more infancy at that time about mp etc. And perhaps he googled that first, so came his name in mind.
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Old 18-07-2015, 05:04 PM
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Originally Posted by no1lives4ever View Post
inditraders.com/indicators-systems/2510-electroniclocal.html

You should have asked us to search your id and electroniclocal

link not redirecting me as intended
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Old 19-07-2015, 12:39 AM
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Originally Posted by Vinay View Post
link not redirecting me as intended

fixed my original post. check now.
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