Tuesday, November 30, 2010

Market Profile

A book by James Dalton explains in great details what Market Profile (MP) Concept is all about and how it is used in trading.

From my own trading experiences, in order to generate reliable trading signals and setups, I would use Market Profile Value Area and Point-of-Control (POC) only in combination with Floor Trader's Pivot Points (FTP) and Elliott Wave (EW). None of the above discipline, in my opinion, can generate consistently reliable signals and setups.