My Methodology
My trading methodology is based on the study of market profile and technical analysis. I rely on market structure and context along with the auction process to identify key areas that i want to trade. I use order flow to help execute trades at these key levels. I don't use indicators other than a few volume based ones that are derived from the bid and ask (executed trades). And i only use them to have another box checked when i think its relevant to my trading method. Its pretty simple once you understand that the market is nothing more than people buying and selling. These are the tools i use to help me determine where i want to trade. I will trade with the trend and will go counter when the market tells me to. I will also scalp the order book when the opportunity presents itself but it is not my main focus.
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Which markets are you trading using market profile? I really like using market profile for the S&P/ES. I find it very valuable.
ReplyDeleteI primarily trade ES. Although i see that MP works on pretty much any market with a dual auction process. I dont want to jump around and look at several different markets. Some one told me once "if you cant trade one market successfully then you cant trade any others" also he said to master one market before moving to the next. SO i have taken his advice to heart and have done just that. Although sometimes i loose my mind when ES is so slow like it was a few weeks ago when we just keep grinding higher every day. So i have started taking an interest in other markets like euro/6E and 10year/ZN but i only trade them on sim for now while i get used to the movements. I do use the same methodology as i do on ES.
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