single prints

Any section of the market profileA way of reading the market that recognizes either time spent or volume traded at a particular price level. A market profile can be either made up of “TPO’s” (time price opportunities), or volume. TPO’s measure how much time was spent at a particular price, while volume-based market profiles measure how much volume traded at a particular price. Generally, market profile is used in the trading of futures, especially the /ES. ShadowTrader utilizes volume based profiles. distribution that is only one TPO(MP) Stands for “Time Price Opportunity”.  It is the smallest unit of measure displayed any market profile graphic, denoted by a single letter.  Each TPO represents a point of time where the market being charted trades at a specific price.  A single TPO is printed on the chart every time that a certain price is touched during any time period.  Typically, the periods are set to 30 minutes.  Therefore, every different letter that you see in the market profile distribution denotes a different 30 minute period. wide. Single prints are a sign of emotional buying or selling as very little time was spent at those levels and thus there is no valueThis value has nothing to do with valuation.  It denotes prices that are "fair".  Fair in this sense means a price that is common to a lot of participants.  An item that you buy once per week in a store at a price that doesn't fluctuate has a "fair price". You can express this by a formula Value = Price + Time or Value = Price + Volume Either of the above are valid ways of expressing value.  In the first equation, value is defined by price staying the same for a long period of time.  In the futures market, this would be an area that is revisted a lot during a particular session or multiple sessions.  The point of control is the price level where the most amount of time was spent during an RTH session.  James Dalton refers to this level as "the fairest price to do business". Using vo... there. The endpoints of single print sections are considered to be potential support or resistance points.