NOR charts thread, page-2146

@Basileus

Just reading thru chart threads and saw your quotes re mkt disequilibrium and made me think of mkt profiling again - think I have posted part of this b4 on NOR (?). Thought I would post the below explanation cut / paste and stripped back chart just fyi. Can highlight potential support / resist areas. So...break this level of resist and then potentially the 0.10 - 0.11 people are discussing comes into play

GLTAH...have a good one.

The Market Profile was developed by truly brilliant thinker Peter Steidlmayer. He found the natural expression of the market (volume) and organized it in a way that is readable (the bell curve), so that objective information generated by the market is accessible to market participiants. Steidlmayer has suggested to use the alternative representation of information about "horizontal" and "vertical" market movements that leads to completely different set of models. He assumed that there is an underlying pulse of the market or a fundamental pattern called the cycle of equilibrium and disequilibrium.

Market Profile measures the horizontal market movement through the vertical one. Let's call that "equillibrium" through "disequillibrium". This relationship is the fundamental organizing principle of the market. A trader's whole style of trading may change depending on what part of the equilibrium/disequilibrium cycle the market is in. Market Profile can determine both when the market is going to shift from equilibrium to disequilibrium and how big the move is going to be.

The two basic concepts of Market Profile are:

The market is an auction, and it moves in the direction of the price range where the supply and demand are more or less equal.

The market has two phases: horizontal activity and vertical activity. The market moves vertically when supply and demand are not equal or they are in disequillibrium, and horizontally when they are in equilibrium or balanced.