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Weekend learning on basics of #MarketProfile -
Why does Market Profile fascinate me?-In contrast to what candlesticks offer,MP gives a 3D view of looking at price action - Price, Time & Volume. Is this a holy grail? Well, absolutely not! Here are some basics #MPPaatshaala- (1/n)
Why does Market Profile fascinate me?-In contrast to what candlesticks offer,MP gives a 3D view of looking at price action - Price, Time & Volume. Is this a holy grail? Well, absolutely not! Here are some basics #MPPaatshaala- (1/n)
When prices are regulated by time and are arranged in Gaussian normal distribution, it forms a nice Bell shaped curve that shows statistical probability of 68% of price range where they spend most of the time, called 1SD (Standard Deviation σ) - (2/n) 
Basic building block of a market profile is TPO - Time Price Opportunity. As shown in the picture, 30 min chart is represented by plotting letters.Each letter denotes TPO. This helps to get to intricate details of how price gets plotted that a candlestick may not offer -(3/n)
