Key Elements to Market Profiles

[SLT]

In this thread i will share what i see in,
Market profile & price reaction areas to price cycles within time of day
Also a deeper look into 1 minute charts "within" an existing market maker profile,
giving you "nearly" to the pip trade entries, long and short term

Note - this is not a trade signal service, just plain old price action concepts laid out
on any old chart..... take from it what you will, call it what you want to call it,
what really counts is, can you see a price cycle developing in foresight?

It has taken me a lot of time to understand the inner workings of market profiles/elliottwave/supply&demand/support&resistance/fib levels/blocks/indicators and the list goes on, though in the end we are only looking at two things, buy or sell. what will tell you when and where to do that? Only you can develop your own skill set for it. Taking yourself in your own direction of where you feel the most comfortable, could be key to your own element.
Everything else around you is just noise, only to keep within you what is worth keeping, no matter where you got it from. The time is yours, keep it under guard!

 

[the golden gun]

Good thread idea,

Maybe we should ask... what are Market Profiles?

We can describe market profiles, and describe how they help us as traders... but what are they to the market, why do these exist?

I think the answer is this:

The job of the market maker is to clear liquidity. To pair orders, thus earning their commission. That is their business. So when we see market profiles, we're seeing tried and true strategies for market makers to clear liquidity. They will always have to use these profiles because their business model will always stay the same:
Pair orders, clear liquidity, earn commission.

 

[SLT]

When price consolidates around a level, it is creating fair value i think.
When price releases from that consolidation and returns to the consolidated area where orders are pairing, then price will or wont accept fair value, keeping the over all trend in mind can assist
if the point of fair value will hold, using technical analysis along side of accepted fair value can be a key area for entry

 

[SLT]

The mode!
this is critical to trading anything...
this presentation is very good, it describes fair value and range trading in and out of the mode areas. very useful indeed. We can see London and NY use the "mode" type areas for large transactions taking place off key levels, also using pockets of liquidity in void type areas.
It is hard to explain, though this video kind of explains it

http://www.cmegroup.com/education/interactive/webinars-archived/building-a-trading-strategy-with-market-profile.html

 

[SLT]

"Theory" Markets move from high usage to low usage

 

[SLT]

High & Low usage areas for supply and demand of fair value, does that sound right?
I am just an average Joe, so don't take strips off me!
I have no back ground of market knowledge, only two years of Forex...
though i do know how to use a hammer!
so i will keep on chiseling

 

[jupiter_peak]

Currently observing intra-week fair value for USDCAD as an example.

Right around 1.0900 level. Coincidence? Also, a consolidation towards the left (observing fair value in there as well).

 

[foreigner]

High & Low usage areas for supply and demand of fair value, does that sound right?
I am just an average Joe, so don't take strips off me!
I have no back ground of market knowledge, only two years of Forex...
though i do know how to use a hammer!
so i will keep on chiseling

Your best chart yet IMO.

This is why supply and demand is so 'crude' to put it politely...

Nice Depiction of how markets really work, keep up the good work!

 

[SLT]

I know! i have been looking at charts like this for a while now, only i did not understand why price would move like this, or even know what words to put against these areas. I could relate these areas to any old context, magnetic levels of interest, in my mind, using key areas for support and or resistance. Low usage areas tend to be powerful i find, then returning back to the mother land of the most used... I am not educated in market terminology and there meanings to much, i admit, though the more i learn about that topic, the more i understand the terminology against what i already see in price action. The thing i like about Forex, is anyone from any degree or trade, can learn about its inner workings if they put there mind & effort into it.
I tip my hat to anyone who has lasted more than 3 years into this business, even if they are still not quite on top of it. I myself have been in the game for 28 months now. Its bloody not easy is it!

If i could start over again coming into the Forex world, what would i change?
absolutely nothing! the people i have found to help me, including members of this forum,
they are the ones who know what they are looking at. That's why i stick around this small town!

 

[AusDoc]

... I am not educated in market terminology and there meanings to much, i admit, though the more i learn about that topic, the more i understand the terminology against what i already see in price action. The thing i like about Forex, is anyone from any degree or trade, can learn about its inner workings if they put there mind & effort into it.
I tip my hat to anyone who has lasted more than 3 years into this business, even if they are still not quite on top of it. I myself have been in the game for 28 months now. Its bloody not easy is it!

Way to go Dan. Good for you mate. Great attitude to ongoing learning. GLGT

 

[foreigner]

We're all prospectors here, panning for gold, inspired by the success stories and perseverance of others that came before us.

There are a few wise cats about, not all as forth coming as ICT, but from time to time they throw a dog a bone.

RE. your chart. As we approach fair value there is a high chance of a bounce and a rejection of the level.

However, if value is accepted we enter in to a accumulation phase after which it could go either way (judging by the untapped liquidity as shown in your chart).

If that happens, I doubt that anyone can tell the future direction in advance just by looking at the chart, its a 50/50.

At that point we play the range and look for clues. Sound like a plan?!

 

[SLT]

Brent oil Slides into a bounce... perfect set up

these charts are worth more than the oil you have put in your truck!

 

[SLT]

CNY GDP mixing ICT concepts with data releases can go hand in hand
AUDJPY

 

[sakib717]

High & Low usage areas for supply and demand of fair value, does that sound right?
I am just an average Joe, so don't take strips off me!
I have no back ground of market knowledge, only two years of Forex...
though i do know how to use a hammer!
so i will keep on chiseling

i use it 15 min too its really astonishing ! old thread but found something gold

 

[SLT]

Took a long on fiber today due to the sensitive S&R level prior ZEW
remember, its not what you think but what is happening

 

[sakib717]

i always trade consolidation like this.

1st i wait for initial up & down move to raid both side stop loss then i wait for price to go through away from consolidation and come back to consolidation range 50% then i take a trade.

 

[SLT]

Fiber also bounced off yearly highs and lows, see if you can find them