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Nice picture to think about. Something that has caused me a bit of anxiety
in the past is the confinement or partitioning of price into bars when in
realtime the feed we have is a stream of data. This may sound ludicrous but
something tells me that the bar or candle is a step away from the true
picture and is perhaps one reason you have been bent on working with
software that can work from tick charts without data compression. What does
Research feel about that?
I have Dalton's Mind over Markets and will take another read. If memory
serves me, you created a profile tool for TS4 didn't you? Is that in the
public domain category? Have you tried coding it for TS2k? Clyde might
like to take on the task if you want.
bobr
----- Original Message -----
From: "Research Dept." <research@xxxxxxxxxxxxx>
To: "BobR" <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 05, 2001 8:26 AM
Subject: [RT] Entry Ideas
> Hello BobR,
>
> this is not all but a start i would recommend laying the foundation.
>
> one good one would be knowing the point of control which is defined by
> the red line. think of it as a balance point through out the day.
>
> the other good one would be knowing the value areas which are defined
> by the magenta lines on the chart.
>
> this screen shot is of the market profile on a one minute nq chart and
> the point of control as well as the value areas have been programmed
> to dynamically update and graph directly over the price action unlike
> a typical market profile. the value areas give a clear picture of
> possible support and resistance areas when a market chops. the value
> areas also give a clear picture of when the breakout of the trend
> starts and is retested, before launching off. if any of this is
> unclear i apologize i am not a market profile teacher/guru.
>
> a couple of links
> http://www.cisco-futures.com/mpintro.html
> www.cme.com/educational/courses/mktprof.html
>
> a really good book on market profile
>
> mind over markets by dalton, jones and dalton
> published by irwin
>
> the most informative book on understanding floor activity i have ever
> read. note: this book is not easy to grasp immediately but i
> personally have found it extremely insightful and helpful in
> daytrading. i have had it for over 5 years and i still read it over
> and over.
>
>
>
> --
> Best regards,
> Research mailto:research@xxxxxxxxxxxxx
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>
>
>
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