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It's the volume as calculated here: Technical Analysis QQQ Trading Nasdaq 100 Stock chart S&P 500 market timing system

It doesn't look like a 3 Drives and it's premature to call it an R0 because there needs to be another reaction. If you zoom out there is a trading range that triggered a buy on 6/5. Rob

Attached are 5d TPWs for some of the stocks I'm following. It seems quite robust but it's a lot of work and very few will have the time or desire to do it. Rob

NTES demonstrates the use of the time-price window (TPW). For those not familiar with the TPW it involves calculating the percentage change of prior swings and the number of bars for each of the swings. The goal is to estimate where a reaction will end and it utilizes the security's own history instead of some generic means such as the 50% retracement. It then narrows the window down to encompass approximately 70% of the values. In NTES's case the window ranges from 7-17% and 3-9 days. It hits a MIDAS and then moves up with conviction allowing for an entry. Rob

Ray Barros Successful Trading Concept

It is bad practice to buy a stock simply because it has penetrated an established supply line or broken out of an extended congestion area; or to sell it merely because it has violated a line of support or broken through the bottom of a trading zone, and for no other reason. Do not forget: The breaking of a trend line, by itself, is neither a conclusive nor an all-inclusive symptom. The significant thing is HOW the line is broken; the conditions under which the change of stride occurs. The behavior preceding such an indication must also be taken fully into account. In short, the quality of the buying or the selling at and around the point of penetration determines whether the violation of an established stride may be regarded as evidence of a further movement in the direction of the breakthrough, or whether it means only temporary change. This admonition applies equally to the violation of former tops and bottoms and old levels of resistance and support. Wyckoff (Section 15M, p3)

Hi Bill, I wouldn't count that as a break of the channel yet because the "how" it was broken isn't impressive, that is with low volume and a lack of follow through. Rob

Ray is going through SP500 trades via free videos at: Barrometric's Monthly Video Rob

A few indexes with sell signals as they accepted beneath the primary sell zones (PSZ). Rob

Yes, the count begins beneath the profile colors. Rob

Thanks, Michele. I've had many questions answered by the second webinar and see it the way you do. Rob

USDCAD has reached the PBZ allowing removal of the 2nd third position. There's enough cause (>0.4) to support a breakdown so the final third will be held hoping that will occur. If it can breakdown and retrace, a full position can be re-established. Rob

The Tradestation code isn't accessible in my indicator. I wouldn't seek out the Tradestation code because it doesn't match what Market Analyst produces. Rob

The 78m SPY chart appears to be in limbo without acceptance above the range confirming the uptrend, and without triggering the upthrust by re-entering congestion with conviction. The top 1/8 of the range is nicely delineating a rejection zone that if penetrated convincingly should lead to a test of the range bottom. Rob

At the spring the Market Profile Advance Warning (MPAW) cause tool only had a value of 0.19, so I assume this suggests more work needs to be done in the range. Rob

The corrected chart.

Oops, the high of the range should be where the PSZ starts or 944, so expand it a little on the chart.

Following the spring and acceptance above the PBZ the minimal target is the PSZ (911-935) for the SP500. Nestled in the PSZ is the weekly line turn (918) and a MIDAS dropped from the high of 9/2. As Ray stated in the webinar, how it behaves at these resistances will provide clues as to whether it will stay in the range or breakout. Rob

snowbird, Right, the POC can move and vary with the buy points.

I was playing around with a buy scenario for the SP500.... The star is 4-5 trading days out at the 4-14/15 seasonal low in the 5d impulse/18d corrective time & price window where it should meet MIDAS near the PBZ and spring the March 30 low. Right.

Good news for MarketDelta users. The latest version allows Market Profile creation for any highlighted times using TPOs or volume. The Jan-Feb congestion is proving difficult to get past.

USDCAD upthrusted on 3/9 allowing an entry within the next few days. A conviction bar below "A" or below the PSZ off the daily or 290m chart was possible. The volume on the upthrust was <92% of the bar at A and increases the odds of success. The weekly (13w) line was extended at mean+6 standard deviations indicating a likely change in line direction with an attempt at a trend change on the daily. My sample size is small so I didn't place a lot of weight on this. The weekly and monthly charts are interesting because they might be forming a V Bottom. There's a WPC (whole point count) above B and the most common zones for it to fall to and reverse are the 50% level and PBZ of AB. Ray has a tool for estimating when a range has enough cause built up to support a breakout. He calls it the Market Profile Advance Warning. There's a relationship between the number of bars in a swing leading up to a range, the number of hits at the POC (size of the range) and the maximum retracement. He calls the swing the IPM (initial price movement). I like to think of it as a flagpole and the base as the flag. If the cause is 0.4 or greater then odds favor it is time for a normal change in trend. USDCAD was at 0.89 at the upthrust further justifying an entry.

In addition, the Trader Vic trendline was crossed prior to purchase and volume has picked up nicely.

I was stopped out on the SP500 short-term trade. If there was a mistake it was probably trading against the buy signal on the daily, IMO. Here's one of the five forex trades in progress. Each has had the first 1/3 position taken off at the 50% level. I tried Ray's 'double the stop' exit for the first third position and noticed that it was often at the middle of the range so I save myself a calculation and use the 50% level/POC. The 50%/POC area seems high odds also because price is drawn there like a magnet. With the first third taken off around the double the stop area, and keeping the stop on the remaining two thirds at the original location, pretty much guarantees a breakeven trade. A long position was taken in GBPUSD on 3/12. It bounced off the PBZ (daily chart) and I'm anticipating a change in trend. This is aggressive in the sense that the monthly line is down as is the weekly trend. OTOH, it was at monthly support and the 13w line was significantly oversold close to mean + 4 standard deviations. The spreadsheet shows the 13w impulse swings and the calculations. The 44.25 was excluded because it is an outlier. The plan, having sold 1/3 at the 50% level, is to sell the middle third core position at the PSZ, and to hold the final position for a potential change in trend higher, and potentially adding back to the position if the trend does change.

Ray says: http://tradingsuccess.com/blog/has-the-sp-bottomed-912.html