first time poster here, i like your interesting content on this forum.
I tried to watch the video about volume, that you mentioned in the quoted post, but couldnt find it on your youtube channel. Did i somehow miss it or does it have another name ?
Well there is definitely a lack of knowledge around Options trading, so more stuff on that is helpful. I am talking real Options here. Also, correlations a key part of statistical arbitrage is dead and there is hardly anything on market profile.
It certainly does. Used more in futures agreed but Cable, AUD, NZD and all the majors have futures. Secondly, MP is an organisation of distribution so if the asset has a price and distributes, then MP will create a graphic. The purpose here is determine value by taking the mathematical bell curve theory. It is again the lack of imagination from most traders and also if you trade futures, why trade spot? Spot is still largely retail trader territory. Since I wanted the cheaper way to trade, in that I mean avoiding maintenance margins and using my own UK brokers rather than US. I decided on Spot and Options, MP works fine on both. So it is not exclusive to futures but widely used in that arena.
EmeraldOrc is right, of course. I should have said “Market Profile applies to spot forex [I]only in so far as it’s correlated with forex futures”[/I] (but that’s a very high correlation! The “market” being “profiled” is actually the futures market, not the spot market.) :8:
Wow!! I’m confused. We have correlation between future and spot. We have option , vanilla option . Would be helpful of there is any books you pros could share here. I need some material :). I stopped looking at tick volume on spot forex . Too much screen time and accuracy less than 25%. Perhaps I need to check on future’s volume on said currency. Confusing part is. In spot fx there are two currency per pair. In future, I guess I would have to check both of the currency and determine ?
it is confusing, of course, but you must not feel like you must understand everything right away… Knowledge comes better with context: when we learn concepts and words out of context they have no meaning…sometimes us newbies feel like we must learn everything before we can ‘talk shop’ with people who seemingly know more than us… But I stopped worrying about that, personally, because knowledge and profitability are not a direct correlation, meaning that you can be a profitable trader with a very narrow set of trading concepts in your vocabulary, or, inversely, you can know almost everything that there is to.know about trading but be a terrible trader…