Very clear and insighful presentation on the basics of market profile.
In this workshop, technical analysis expert Robin Mesch explains how to use her Market Profile approach to building a trading strategy and a current outlook on key markets.
The presentation includes the following:
- How to understand data representation with price bars
- Why not all price points are considered equal
- Market Profile as a database that accounts for price and time at price
- Understanding Profiles as vertical bell curves of market performance
- How markets move from high usage to low usage areas
- Organizing data using Market Profile
- Examples of trading strategies with corn and soybeans
via CMEGroup website.
Here’s a brief account of my quick trip to the mountains.
I’ve been jonezing for some skiing for the last few months. I miss my old days living in the mountains in Lake Tahoe, and sometimes it is hard to be able to be up there for such a short time. It seems to never be enough with skiing.
I’m looking to pour some of of my interests in this blog, ranging from market analysis, news, things that I find curious and seem important to share, and such. Skiing is one of those.
A brief stint: I took off with some friends from Buenos Aires on a 2 hour-flight to Santiago, Chile. Upon arrival, we were picked off by a van, which drove us to the mountains… Our destination: Valle Nevado. Nestled in the middle of the Andes mountain range, usually 1hr. away from Santiago -provided good weather is around- is the area comprised by a network of 3 interconnected resorts which offer endless posibilities for every type of skier. The off piste terrain is massive and easily accesible.
We were welcomed by 2-day snowstorm which left plenty of freshies to enjoy during the following bluebird days.
Here are a few photos of the trip. Hope you enjoy them as much as I did skiing.
Doing some testing currently.
I will post some results in the following days
In the meantime, if anyone has already had some experience trading these type of charts, feel welcome to point which are the best box sizes you that have managed to work for you.
Some levels to watch, updated.
Updated areas: december 2010 gap @ 118.70-119.65 is a “thin”/vacuum area has been in play last week. If momentum keeps on going (so far futures up +email@example.com, at the time of writing), 120 in SPY might be in the cards. I tend to pay a lot of attention to round numbers. Will look particulary @ 1200 in S&P500, provided we reach that area, and see how price action develops.
Not suggesting that this will play out.. Honestly, I hope it doesn´t.
Was doing some charting duriing the weekend and was looking at some longer timeframe charts which tend to filter more noise in this type of enviroments.
Here´s a monthly chart of the S&P500 in which looks like a (distorted) head and shoulders pattern might be forming.
Just an excercise, though.
It’s not fast-talking traders on the New York Stock Exchange behind the action. The majority of trading is done on large server farms based in New Jersey and elsewhere.
Points a paragraph of the article Computers rule Wall Street in CNNMoney, which is worth taking a look at.
Experts don’t blame high-frequency trading entirely for the market’s nauseating moves, but they say it certainly exacerbates them.
will follow up with myideas on this matter, but did not want to miss the opportunity to post it.
As posted last week, The Big Picture blog outlined a relationshp between the SPX500 in terms of gold. Following up on the idea, I drafted some charts in order to gain further insight.
The weekly chart, shows the SPX500 broke -in terms of gold- the bottom of of March 2009.
Just to keep in mind this relationship moving forward.
A 360 degree view, courtesy of Jon Najarian @optionmonster – worth of checking in out.