Stock trading and Market Profile

Written by Trader Jack


The concept of Market Profile has been promoted most effectively by J. Peter Steidlmayer. In his excellent work 'Mind Over Markets', Steidlmayer explains why he thinks Market Profiling is so unique. I have found it useful myself, of course, and offer here a quick overview in case you findrepparttar topic stimulating.

Central to Market Profile theory isrepparttar 112156 concept ofrepparttar 112157 'Value Area'. This is a continuous slice ofrepparttar 112158 days's action that holds a standard deviation ofrepparttar 112159 market activity (i.e. roughly two thirds ofrepparttar 112160 day's action is confined to within this area). The Value Area is determined in advance based on yesterday's action, and can be large or small, depending on (upon other things) volatility. Markets have 2 kinds of stock trader -repparttar 112161 short term (locals or 'day frame' participants) and long term (other frame) participants. To consistently make money, it is usually wisest to prepare to align withrepparttar 112162 other-frame buyers/sellers, no matter which side is actually winningrepparttar 112163 battle on a particular day. On a day when there is no strong other-frame conviction present, price is likely to rotate up and down in an essentially random support/resistance mode. The trick is to be able to determine who (if anyone) is in control, and when that control is faltering or even reversing.

There are 6 'types' of day identified by usingrepparttar 112164 Market Profiling technique. * Normal Day - Not as common asrepparttar 112165 name might suggest. Typified by early entry of other-frame buyers or sellers creating a large initial price range. The action then wanders back and forward duringrepparttar 112166 day in standard auction fashion as buyers and sellers struggle to getrepparttar 112167 upper hand. * Normal Variation on Normal Day - Less extreme initial price action, as ifrepparttar 112168 other-frame buyers/sellers are waiting and watching in order to build their conviction. Thenrepparttar 112169 market mnakes a more dramatic move followed by standard 2 way auctioning torepparttar 112170 close.

* Trend Day - One side ofrepparttar 112171 other-frame is in control right fromrepparttar 112172 open, and forrepparttar 112173 whole day. A succession of higher highs/lower lows forms. Experts at www.traders101.com have determined that this day type shows a high level of directional confidence throughoutrepparttar 112174 day. The initial range is often narrow.

Clean Credit Report: Easily Raise Your Credit Score 100 points!

Written by Vincent Dail


Clean Credit Reports, your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show whether you've been sued, arrested or have filed for bankruptcy with inrepparttar last 10 years. Companies called consumer reporting agencies (cra) or credit bureaus compile and sell your credit report to businesses all overrepparttar 112155 world.

Clean Credit Reports, many financial advisors suggest that you periodically review your credit report for inaccuracies or omissions. This could be especially important if you're considering making a major purchase, such as buying a home. Checking in advance onrepparttar 112156 accuracy of information in your credit file could speedrepparttar 112157 credit-granting process, clean credit is a must.

Because businesses use this information to evaluate your applications for credit, insurance, employment, and other purposes allowed byrepparttar 112158 Fair Credit Reporting Act (FCRA), it's important thatrepparttar 112159 information in your report is complete and accurate.

Whenever you apply for any type of credit or financing, a credit report is pulled from at least one ofrepparttar 112160 three major credit bureaus. You want a clean credit report to be pulled. While there are hundreds of smaller credit bureaus aroundrepparttar 112161 country, virtually every credit bureau is affiliated with either Experian, Trans Union, or Equifax.

Getting Your Clean Credit Report If you've been denied credit, insurance, or employment because of information supplied by a credit reporting agency,repparttar 112162 FCRA saysrepparttar 112163 company you applied to must give yourepparttar 112164 agency`s name, address, and telephone number. If you contactrepparttar 112165 agency for a copy of your report within 60 days of receiving a denial notice,repparttar 112166 report is free. In addition, you're entitled to one free copy of your report a year.

If you simply want a copy of your report, call each credit bureau listed since more than one agency may have a file on you, some with different information.

The three major national credit bureaus are:

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use