Discover and read the best of Twitter Threads about #MarketProfile

Most recents (18)

6 Most Used Indicators for Intraday Trading📈

A thread(🧵)...
1. Supertrend: The Simplest of all indicators. It is plotted on the price chart and the current trend can be determined by its placement vis-a-vis price👇
Generally, the default parameters are 10 for the #AverageTrueRange(ATR) ( and 3 for its multiplier👇
Read 16 tweets
Are you facing difficulty to understand MARKET PROFILE?

Read this!

12 Simple Concepts of Market Profile

>>> Thread 🧵<<<

Market Profile is a technical concept with a unique charting technique developed by Peter Steidlmayer in 1985.

Market profile is a style of plotting "Price" on the Y-axis and "Time" on the X-axis, which most of the time form a bell-shaped image as the body of the profile

Market Profile helps day traders identify Other Timeframe Participants (Big players) who have money and information power.

Our job as short-term traders is to follow these big sharks which give direction to markets.

Read 14 tweets
In this modern era, there is plenty of avenues to learn new studies, youtube being one of them
And, @vivbajaj 's initiatives in this area tops it all.
You choose which study to focus so that you can exploit reasonable sum from the market regularly.
But, first, you must spend TIME Image
Resolve, committ by allocating time every day & every week to learn for a reasonable time while simultaneously test driving in the market to see & verify how your learning could be applied in the market.
After a reasonable amount of time, Take your Baby step in to the market
Read 7 tweets
#Trading review 🧵 #CL_F : lessons to take from this trade, which is the identical breakout strategy I use in #ES_F or $SPY swing trades

In crude🛢️last week, I was watching a 'ledge', which I define as support/resistance on the 4H or daily

On #marketprofile, it's a balance area
1) See pic - 8 straight closes within this balance area

The last 3 of those days prior to breakout resulted in a weak high, or weak positioning

We know this favors a revisit + that shorts likely placed stops just above

In the 3 days prior to break, value developed lower Image
2) On the daily + 4H charts, we had this level also acting as resistance (easy to see)

Rather than an extended term resistance line, the short-term nature of this further supported my theory of weak positioning rather than strong resistance

Read on for the strategy.... ImageImage
Read 6 tweets
It's the weekend & I'd like to share with you a money making strategy in the #MarketProfile approach to trading the markets

And No ! I won't ask you to grab a cup of coffee & read this

Weekends are for more than coffee :)

But do take notes. There is a definite edge in this
First and foremost, to all who are new to the #MarketProfile- (MP) is a robust system of trading which involves Price, Time + Volume- 3 parameters

All 3 together, hence a bigger edge to us as traders

You can start reading about the #MarketProfile at -…
The strategy we are going to look at today is called the Initial Balance strategy

The name is important

What's in the name?

Lots! & the game too

The Initial Balance is the first 60 minutes of trading. Now you understand why we use the word Initial .

But Why 60 mins?
Read 17 tweets
What is #MarketProfile?

MP is a visual representation of market generated information. It is a way to read the market
It's not just buy low sell high

It will not tell you when/where to buy
It will tell you who is control of the market

Buyers? Sellers?
Long term/Short term?
Short Term vs Long Term
ST is in control when range and value are tight and small

LT is in control when range and value are wide and wild.

ST vs ST means more chop activity
LT traders create the directional advances

Above poc
ST Buyer-control price then fade away

Below poc
ST Seller-control price then fade away

LT Buyers are in control when price pushes above value. They have to keep buying

LT Sellers are in control when price pushes below value. They have to keep selling

Read 4 tweets

Basics of Auction and Profile Distribution - terms like Market Profile and Volume Profile simplified

What is Profile Distribution?

Distribution is the process of trading activity that takes place in the market auction. Some also know it by a consolidation or range.

A Distribution tends to define the fairest area/ price where the current auction has been taking place.
However, during some trading sessions, after the market forms a distribution around a certain fair price/ value, something changes.....

It could be anything - some big money stepping in deeming the price to be auctioning below value, news, event ,etc.. we don't know that and it doesn't matter.. what we are interested in is what happens after....
Read 7 tweets
The Rabbit Hole is Deep. 🐇

Screenshots from some massive improvements to Market and Volume Profile coming up very soon

1. Customizations on steoirds
2. Auto Pattern Recognition - Poor High / Poor Low etc.

Will start a thread...

#MarketProfile #VolumeProfile ImageImageImage
1. Auto Recognition of Patterns

What is Poor High/Poor Low?

Poor low and Poor High are market profile structure which generally indicates a market that is too long or too short and the shorter timeframe players in the market has low confidence about the current market direction
...and takes control of market to move it in opposite direction. Generally happens when the market is continuing its trend in one direction and the momentum of the trend starts loosing at the peaks which makes the shorter timeframe traders to think that market is toolong/short
Read 9 tweets
Minor but powerful enhancements

We can now view the TPO value of the Market Profile Chart in Auto mode

#marketProfile #charts Image
Also, ATR values on all advanced charts will be viewable

#Renko #Kagi #LineBreak #PointFigure #Rangebars Image
Lastly, no more repaint of historic bars on ATR mode in advanced charts

ATR values locked down for every ticker/symbol and timeframe
Read 3 tweets
#BANKNIFTYFUTURE OAIR & chopping within yRange. Imbalance move likely only beyond 9/4 range. Momentum seems to be on downside with sellers trying to hold the VWAP. If no follow through below towards day's low or yLow, shorts are likely to cover in the second half #MarketProfile Image
#BANKNIFTYFUTURE Bulls need to hold 19490 if they would like to have a spike above day's high and good short covering rally to open above 19900 while below 19490, we may continue to chop around with long liquidation odds below 19350 #banknifty #priceaction Image
#bankniftyfuture Positions closing flat into the day making it a back to back inside day with overlapping VA and likely to have expansion on Wednesday! Odds for a gap, open drive or open within the range and drive from open #banknifty #NR4 #priceaction Image
Read 3 tweets
#BANKNIFTYFUTURE OAIR and likely to chop in yesterday's range. HVN from yesterday would provide supply/resistance & prices been rejected from ySpike extension. For any upside action, buyers need to get acceptance above 29400-29500 zone #banknifty #marketprofile
#BANKNIFTYFUTURE Been getting questions on how I pick trade locations.OAIR suggested to avoid open trade & wait for opportunity.First opportunity emerged when A period rejected from ySpike & entry right at B period high when prices came back to test. #OneGoodTrade #OptionsTrading
#BANKNIFTYFUTURE Acceptance vs Rejection, is an important concept along with how you manage your trade and emotions post you punch in the trade. Will put a blog out later today on how I generally do this. #banknifty
Read 4 tweets
#bankniftyfuture likely to open in Friday's range.DTF action seen around the zone highlighted,may act as immediate reference,if taken out,can attempt to test gap.Friday's lows are critical.Expect huge volatility & swings on either sides.Avoid,if not comfortable trading volatility
#bankniftyfuture VA overlapping higher suggesting auction is controlled by buyers so far.However, this is pure DTF action as low of B,C periods,with just couple of ticks above yPOC. Single prints providing supply, can buyers have strength to absorb that? VWAP remains key!
#bankniftyfuture Total DTF action so far. Multiple rejections at few ticks from previous swing highs and D low right at friday's rally high and B,C at friday's POC. This market lacks confidence and strong hands. Expect intraday chops. #marketprofile #banknifty
Read 3 tweets
#bankniftyfuture OAIR and OTD out of yRange and starting to balance. How good a job are the sellers doing? Well, not so convincing I feel. If sellers are going to spend a lot of time between 30400-40500 may result in a short squeeze back in yRange. #MarketProfile #banknifty #Odds
#bankniftyfuture Finally, some range extension on downside in C period. Hopefully, sellers in the marked zone are strong enough to keep the auction towards the downside and VWAP is going to be important! #banknifty #MarketProfile #odds
#bankniftyfuture VWAP taken out with V shape recovery, opening a fresh short covering, going to be massive on acceptance above yLow/30600! #MarketProfile #banknifty #onedecenttrade #odds
Read 3 tweets
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)
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)
Read 33 tweets
In case if it's getting tougher to catch up on the terminology I've been using on #MarketProfile, here is quick thread for definitions #Glossary
1) OTF - One time framing (Making higher high, higher low in an uptrend, Lower high and Lower Low in a downtrend)
2) VA - Value Area. Zone in which 70% of trade happened
3) HVN - High Volume node. Zone in which high volume trade executed
4) LVN - Low volume node. Zone in which little or no volume has been seen at traded prices
5) POC - Point of control. Fairest price of trade
6) VAH - Value Area High
7) VAL - Value Area Low
8) OA - Open Auction
9) OAIR - Open Auction In Range
10) OTD - Open Test Drive
11) ORR - Open Rejection Reverse
12) OD - Open Drive
Read 5 tweets
Around the last week of October I was aware of 2 big conferences which would bring together a lot of new traders, & a few struggling ones, & I had made up my mind to speak at one of these on #MarketProfile and using the message of the market well, to stay ahead of the curve(1/n)
It was a choice for me, and I wanted to offer my time to the one who first came to me. Of the two, TC had built a reputation for conducting these events, and DE was a new kid on the block with people who had previously worked with TC. So there was no choice between the 2 actually
For those unaware, the 2 groups bring together a section of speakers through a discretionary process , for benefits ranging from gate money which is the price you pay for entry to sponsorships to selling their charting software which is true for DE and so far not the case with TC
Read 12 tweets
Some useful links & resources for traders
1. The Disciplined Trader thread in PDF
2. James Dalton & Peter Reznicek - Market Profile Webinar March 2017
Read 24 tweets
Thought of arranging my earlier tweets on #mp_amt in serial order. Hope it would be useful-
2. Composite portrait of the Model Superforecaster By Philip Tetlock and Dan Gardener in Superforcasting
Read 27 tweets

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