Market Profile Testimonials
Responses from Market Profile users when asked, "Why do you use Market Profile?" To submit your own comments about Market Profile, please send an email to marketprofile@cbot.com.

"In our training and market data services we rely heavily on the Market Profile . Profile provides near-term value. A trader knows at the start of each day where market value was the day before. Market Profile is conceptually the base for the other three auction market types of data: Overlay Demand Curves, Liquidity Data Bank and Buy/Sell statistics. In over 30 years of experience in futures markets as data vendors, we came to realize that our average data customer lasted about three months. Since converting our analysis base to value our typical customer lasts a year or more, with many remaining ten years or more. We are sold!"

"I have been trading futures for 15 years, and just now I am approaching the use of this powerful tool. I am using it side by side with the traditional technical tools. What I found quite interesting is the explanation of the logic behind the chart: the fight for the market control between buyers and sellers, everything looks like an epic battle, a point of view I never found in other analysis. I am using "Mind Over Markets" as text book, which I strongly suggest to anybody."

"Day trading? You know the bulls and the bears are in a tug of war, but just who's winning? You'll need marketprofile , dividing the day into 7 rounds of war it gives you the result you'll need before placing your trade, for that all important next round! Seconds away, Round One! You ready for the hit, if not, trust me you'll need marketprofile and fast!.............."

"Other than time and sales (tick data) I would use nothing other than the Profile and LDB to determine the direction of the markets and as this data is only provided by the CBOT on a timely basis, it seems clear where a trader should direct his or her attention."

"The reason we use and need Market Profile is to be able to understand the trading on the floor. Market Profile is not a system but the half an hour graphical form helps to see where the strength of buyers and sellers lies. It offers more information to the thinking trader then any other technical systems, which are being used in today?s market place. It is like looking at days trading through the prism or microscope. Price where more trading occurs (accepted prices), as well as the prices, which are too high or low and rejected, are found. Market Profile is a must in today?s complicated trading market. It is like having your own angel while trading or a car mechanic who travels with you all the time in case your car breaks down. It is not a holly grail or money making system. Plenty of hard work is required in order to understand the concept."

"Market Profile has helped me to look at the market in a completely different way. It has also helped me to focus on what the market is actually doing at a specific time, and how the current price relates to the overall distribution of prices."