@EminiTrader
I suggest that you watch Alexander Trading market profile material, he will dispel all those myths involving market/volume profile as a magical tool... There is this "cult" out there called "profile traders" who uses the market profile as a trading setup machine using all sorts of lines and standard deviations of those lines coming out of it, and this is not the correct way of using market profile.
First read his book called "Practical Trading Applications of Market Profile"
https://www.sendspace.com/file/ldd64x
And after you read the book, watch this seminar here which is basically his book in video format:
http://www.mediafire.com/?zbo5ly6gwhc09xy
This is the correct way of using the market profile / auction market principles as intended by Steidlmeyer. It is a tool that gives you a bird´s eye view of the market and situates where the market is in the auction process, it is not a trade signal generator thing, as a lot of people try to use it as.