This Market Profile chart is a bit unusual. Most people will show you the Day session only. This representation of Market Profile is showing 24 hour session. So it is much different than the day session only charts. Also this is a mix of some weekly charts and ending with todays one day session on the far right. The reason I did it this way is to represent the power in todays move in respect to the previoius 4 days as well as a measure against the previous 2 weeks price action. please note that today we took out the NPOC and VPOC of this week AND last week. all in one day ! In that respect, todays price action was a truly powerful move.
Hi Marko, Thanks for sharing.
Can this be a topic for one of your Wed chat session?
-Vic
Comment by Vic — 04/18/2010 @ 6:19 am
hey marko,
i’ve always liked “market profile” but found it quite expensive. have you found an economical source for it, or has it “paid for itself” by giving you more trading profits?
thanks, a.c.
Comment by A.C. — 04/19/2010 @ 11:11 am
I’m paying LinnSoft 55 for Investor RT standard version – plus 15 ( for DTNMA back fill) for a total of 70.00/mo . My data feed is IB. There are other data feeds that may or may not need the DTNMA . I think there are other sources that are less expensive than Linn Soft.
Comment by MarkoFibo — 04/19/2010 @ 1:55 pm
I am a beginner Market Profile trader, but I think I have a fairly good handle on the basics. So yes, we can add it to the list of topics to cover.
Comment by MarkoFibo — 04/19/2010 @ 3:55 pm