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Guys:
Any expereince with the Liquidity Data Bank? Concept
sounds like the key to the holy grail<G>. I don't think so
since those guys would not be making it available--they
would be using it to trade.
Chas
-----Original Message-----
From: Chris Lober <cwlo@xxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Thursday, July 22, 1999 3:41 PM
Subject: Re: MarketProfile
>A couple other points on Market profile:
>
>1. The standard version uses 30 min intervals which forces the user to be
>more intermediate term in his/her approach, and less swayed by every one
>minute zig and zag.
>
>2. As mentioned, it provides a good idea of value, i.e. price+time=value.
>This is something that is missed when using a bar chart. By knowing at
what
>price level the market spent the most time trading, you can get a good idea
>of strength/weakness by comparing to other days value areas.
>
>3. Furthermore, it is a great discretionary trading tool, because it
>introduces another variable (the idea of value) and is easily+quickly read
>by simply looking at the display. So, if one takes the basic principles of
>MP theory, and then studies a number of yrs. of data, you should be able to
>see the market with a little more complexity and detail that is missed by
>other indicators. In short, its a good tool to "record" experience since
it
>is a somewhat simple tool, that has enough complexity to provide a good
read
>on market activity.
>
>4. If you want to really learn it well, I recommend hand drawing the
>profiles. That will really put you in touch with how a day forms.
>
>
>Regards,
>
>Chris Lober
>
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