Let us dive into the importance of time in trading! I believe time is important because of the following reasons:
1) Time is money
2) Time will affect a trader’s psychology
3) The odds of a winning trade decrease if a trade takes too long to develop
4) The chart is a time/price relationship along with volume
Welcome to Market profile study!!! Gurus of this method or this new way of looking markets are J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), in was introduced to public in 1985 ,later james dalton added many things
A trend trader can trade sideways market as good as a trending market with MP as he knows its time to fade the moves - Jim Dalton
Market profile don't give any targets nor it is a separate system,it is can act as best filter for trade setups..don't jump to conclusion that it is a new system it is a another voice of market ,just listen it if you can :D
i'm going to move from simple level to advanced level (if people are willing) and also welcome experienced traders to contribute there work
1) Time is money
2) Time will affect a trader’s psychology
3) The odds of a winning trade decrease if a trade takes too long to develop
4) The chart is a time/price relationship along with volume
Welcome to Market profile study!!! Gurus of this method or this new way of looking markets are J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), in was introduced to public in 1985 ,later james dalton added many things
A trend trader can trade sideways market as good as a trending market with MP as he knows its time to fade the moves - Jim Dalton
Market profile don't give any targets nor it is a separate system,it is can act as best filter for trade setups..don't jump to conclusion that it is a new system it is a another voice of market ,just listen it if you can :D
i'm going to move from simple level to advanced level (if people are willing) and also welcome experienced traders to contribute there work
Volume Profile and Market Profile a new wave of market picture
