Let us dive into the importance of time in trading! I believe time is important because of the following reasons:
1) Time is money
2) Time will affect a trader’s psychology
3) The odds of a winning trade decrease if a trade takes too long to develop
4) The chart is a time/price relationship along with volume
Welcome to Market profile study!!! Gurus of this method or this new way of looking markets are J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), in was introduced to public in 1985 ,later james dalton added many things
A trend trader can trade sideways market as good as a trending market with MP as he knows its time to fade the moves - Jim Dalton
Market profile don't give any targets nor it is a separate system,it is can act as best filter for trade setups..don't jump to conclusion that it is a new system it is a another voice of market ,just listen it if you can
i'm going to move from simple level to advanced level (if people are willing) and also welcome experienced traders to contribute there work
1) Time is money
2) Time will affect a trader’s psychology
3) The odds of a winning trade decrease if a trade takes too long to develop
4) The chart is a time/price relationship along with volume
Welcome to Market profile study!!! Gurus of this method or this new way of looking markets are J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), in was introduced to public in 1985 ,later james dalton added many things
A trend trader can trade sideways market as good as a trending market with MP as he knows its time to fade the moves - Jim Dalton
Market profile don't give any targets nor it is a separate system,it is can act as best filter for trade setups..don't jump to conclusion that it is a new system it is a another voice of market ,just listen it if you can
i'm going to move from simple level to advanced level (if people are willing) and also welcome experienced traders to contribute there work
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