Alex, Thanks for starting practicle discussion on Mkt Profile. Your post #31 on page 4,
is Gem for traders. It is possible to link this from first post of the thread so that it doesn't get lost in the discussion.
As a trader, we need to know how to us the knowledge of a subject in our trading.
Due to limitation of my TA software (metastock) I don't use MP now. I drew these profile manually but gave up after few months as it was time consuming.
Some of the ways that I found MP useful are -
1) Identifty the speed of price action. When price is withing VA, it moves slowly, but as soon as it goes out of Value Area, the moves are fast.
Helps in getting stuck in a trade during sideway or slow mkt during lunch time or on sideway days.
2) Shift of Value area in lower timeframe MP gives an idea about the developing trend in higher timeframe. If 5min VA is shifting upward, then it shows that view of market participants about fair trading price is shifting up. It can be used to visualise what is developing in higher timeframe 30m / 60m / daily/ weekly charts.
3) Giving strength rating to Pivot highs/ Lows. PH/PL falling out of V Area are weaker then those are formed within VAs. Helps in putting Stoploss at stronger price levels.
Looking forward for more input on trading MP from this thread.
Happy Trading