PDF Title | : | Profit With the Market Profile |
Author | : | Dr. John Keppler |
Language | : | English |
Publisher | : | Marketplace Books |
Format | : | |
Total Page | : | 305 Pages |
PDF Size | : | 4.97 MB |
PDF Link | : | Read and Download |
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“Many traders have the misconception that Market Profile eliminates the need for technical analysis and traditional charting techniques.
It is certainly true that Market Profile is a unique way of looking at market data, and it does provide us with valuable information that is not found in bar charts, line diagrams, or candlesticks. Nevertheless, it does not eliminate the need for technical analysis or other charting techniques.
Learning to use and apply Market Profile charting concepts does not mean that we will no longer need to look at or use any of other types of charts and technical tools. It is true that we will do away with many of the lagging and confusing indicators that are often stacked on charts.
The Market Profile works extremely well with many of the traditional technical analysis methods such as support and resistance, chart patterns, and trend lines.”
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