Volume Profile and Market Profile a new wave of market picture
- Thread starter XRAY27
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Players in market particularly OTF ones are vital ,they usually represent them selfs quite ,Aggressively in gaps ( above/below VA/s -check in 30 mins )most important area to catch and its an edge to trade ,after all edge is nothing more than an indication of a higher probability of one thing happening over another 
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OBV (On balance volume) developed by Joe Granville in the 60s,
Joe explained his theory and development of his indicator by proclaiming that when/if volume decreased or increased dramatically with no substantial change in price, then eventually the price would jump north or south sharply. “A wise guy, huh?” :thumb:
And VP will tell the possible of north or south with reasonable accuracy:! ,MP will (price level) tell area of bounce :!
What a combination :!
Varun has introduced this to forum kudos to him :clapping:
Will this addition make my system robust or complicate???
Trading is simple but not easy !!! , complications are sometimes create better edge :lol:
As Paul Tudor Jones quotes
Trading is very competitive and you have to be able to handle getting your butt kicked. :lol:
Joe explained his theory and development of his indicator by proclaiming that when/if volume decreased or increased dramatically with no substantial change in price, then eventually the price would jump north or south sharply. “A wise guy, huh?”
:thumb:And VP will tell the possible of north or south with reasonable accuracy:! ,MP will (price level) tell area of bounce :!
What a combination :!
Varun has introduced this to forum kudos to him :clapping:
Will this addition make my system robust or complicate???
Trading is simple but not easy !!!
, complications are sometimes create better edge :lol:As Paul Tudor Jones quotes
Trading is very competitive and you have to be able to handle getting your butt kicked. :lol:
OBV (On balance volume) developed by Joe Granville in the 60s,
Joe explained his theory and development of his indicator by proclaiming that when/if volume decreased or increased dramatically with no substantial change in price, then eventually the price would jump north or south sharply. “A wise guy, huh?” :thumb:
And VP will tell the possible of north or south with reasonable accuracy:! ,MP will (price level) tell area of bounce :!
What a combination :!
Varun has introduced this to forum kudos to him :clapping:
Will this addition make my system robust or complicate???
Trading is simple but not easy !!! , complications are sometimes create better edge :lol:
As Paul Tudor Jones quotes
Trading is very competitive and you have to be able to handle getting your butt kicked. :lol:
Joe explained his theory and development of his indicator by proclaiming that when/if volume decreased or increased dramatically with no substantial change in price, then eventually the price would jump north or south sharply. “A wise guy, huh?”
:thumb:And VP will tell the possible of north or south with reasonable accuracy:! ,MP will (price level) tell area of bounce :!
What a combination :!
Varun has introduced this to forum kudos to him :clapping:
Will this addition make my system robust or complicate???
Trading is simple but not easy !!!
, complications are sometimes create better edge :lol:As Paul Tudor Jones quotes
Trading is very competitive and you have to be able to handle getting your butt kicked. :lol:
Final picture mp along with obv band (15 min price-obv ) given stable result.. hourly band looks good but..trades are bit late...except feb remaining months profit decreased ...just posting this image as many started sending me PM about MP and OBV mixing...every rule is same in MP except i will look for band color as extra confirmation
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