An area inside of a A 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. where a very small amount of volume has traded. Usually an area that is “rejected” quickly by the market, thus the market does not spend a lot of time there. The theory is that when markets trade to these areas, they will be rejected again as these are areas that do not represent value in the market.