See The Order in Market Behavior Yourself

The best resource for learning market profile is your own live application.  Just draw the profiles.  Then watch the profiles form, and how price behaves near value and pockets and the formations you see.

After a while it becomes clear.  The detection of ‘change events’  where you make your splits becomes intuitive, and all the sudden you have FIRE LEVELS.

I love when a solid structure takes shape.  Our current formation looked much different this morning.  But what stayed the same, our rock, was the value I split out below.  It starts at 11:30am yesterday (when we left the prior balance, or changed) and includes all the overnight session (which I manually smooshed in) and all of the Wednesday session.  Check it out, with the right splits the key levels and value are clear:

Today ended with price right in the middle of value.  We are likely to chill inside here until Friday morning’s Nonfarm payroll data.

See that sweet excess low right off of prior value?  Textbook excess low.  What is an excess low?  One of these labels we use as humans in an attempt to describe and categorize an observation.

You do not need learning material, or at least not much.  Even in Mind Over Markets the writer is all like, “These are just-sorta-like guidelines but auctions are evolving animals.”  As intelligent lifeforms of course we go all Aristotelian with categories and labels, but just do market profile by yourself if you want to learn.

If you really want to hear me talk about them for 5 hours, I did do a series a while back inside After Hours.  Some of my tactics have changed slightly since then, but I laid down my knowledge as best I could.

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