There is nil equally practical equally a skillful theory, psychologist Kurt Lewin ane time observed. What I similar most Market Profile is that it is a skillful theory: a means of making feel out of marketplace action. When I led a trading internship plan inwards Chicago dorsum inwards the day, Jim's majority Mind Over Markets was the ane required text. (See WindoTrader for a unique implementation of Market Profile).
Once yous empathise markets equally auction processes alongside bidders together with sellers, shifts inwards majority together with cost over fourth dimension brand much to a greater extent than sense. Is it whatsoever wonder that a breakout from a trading hit is to a greater extent than probable to maintain to motility away from the hit if accompanied past times higher majority together with if it is occurring at times of twenty-four hr menstruation when liquidity is highest?
Where has the marketplace railroad train value? When is a motility away from value most probable to persist or reverse? Thinking inwards price of auctions together with the actions of buyers together with sellers greatly illuminates marketplace moves that otherwise mightiness brand footling sense.
Further Reading: Market Profile equally a Best Practice inwards Trading
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