TinGull

Thanks Pivot...let's squash the confusion that KISS is an indicator based system. KISS means no indicators or as little as possible.

Welcome! 1: This forum is special because the members don't have any tolerance for negativity. Soultrader is an active member and absolutely keeps quality control one of his main objectives. He also gets moderators in action who understand the objectives in keeping a certain decorum in this forum. 2: A forum loses its "touch" because the forum administrators don't really care about the quality of material posted. Soul and the mods do a great job at making sure the threads are providing quality information and in a positive manner. We're all here for each other, and that's what a forum is all about. People here recognize the fact that a community is about helping one another. Without that help, there is no community. 3: I joined this forum initially because of information regarding Market Profile. I kept in touch and began moderating this forum because the community feeling is unlike any other forum I've ever frequented...especially trading forums. Many times if you bring an idea to the table that people don't know about they immediately shoot it down. Not here. People are more than willing to learn and are really open to thinking outside the box. It's a wonderful place.

Sweet deal keymoo!!!

Thanks GCB. You hit the nail on the head with your last statements. Confidence in knowing you have an edge. That's the point I've recently turned and have full confidence in my strategy now that I've been able to see it actually work and be profitable. Confidence is key in this game. Thanks

*whispers* get a mac.....get a mac........

Looks sweet!......

GCB, I'd love to know your story of when and how you realized this along your path to success. Thats the main reason for this thread, to hear people;s "AH HA!" moments to compile them.

Brown, how did you get to the place where you are now? You mention you don't trade like others. How did you find your stride and how did you know when you had found it? I'd love to hear that story

Yay for windows.....

MP Wizard, the developing value area holds no value during the day it's being formed. MP traders will trade on the value area of the previous day because that is the value that has been established. Things can't be established if they are still in the process of moving. Check out Mind Over Markets. It's the best MP book out there. All of my trades are strictly based on Market Profile.

There was a fun thread on one of the "other boards" where peeps posted pics of their stations. Would love to see other's stations! Here's mine...

As Soul would say....it's amazing to see how many different ways so many people can profit from the same markets. It really is something amazing when one person sees things a little differently than another, yet both can seize opportunities to make money in the same markets.

InvestorR/T gives you fabulous MP charting.

Regarding S/R...that is why all of my trades are based on Market Profile. I know that if we are outside of value and come in to test VAH for example, if we dip into value by 7 ticks or so, there's a higher probability of price moving lower to another value pivot (be it VAL or POC) than price quickly reversing and coming my way. This keeps my stops tight with a higher % of wins (62% so far in 2007) and lets me keep a risk/reward of average $.80:$2.00.

Yes, Brown. And...if you're basing your system of probabilities and have a probabilistic frame of mind, by taking all the setups you see, but knocking out ones early that you *think* may turn into losers but go on to win...will seriously knock your strategy. For a strategy to be sound you have to be willing to take the trades it shows you and take the losses when they come. Sticking to a plan is very very important to me.

I would love to know your story on starting trading and mainly your struggle (or lack of) at the stage just after you realized what was going wrong and you couldn't stop losing and you were the "break even trader". If you're in that stage right now, I'd love to hear how you came about to getting there from consistently losing money. Was there an indicator you found that really made it work? A certain methodology? Maybe a book or 2 that sang to you? Please PM me with your stories. I am compiling a bunch of stories from traders who are at that breakeven stage and seeing what things are in common with the stories. Thanks all!!!!!!!

Hey keymoo, that does hurt I know. The way I look at a trade is...if it was a good trade, and I know that the trade has merit and that's why I put it on, then I'll leave it be. If the stop gets hit and I could have gotten out for less, then so be it. I'm not gonna sweat it out, because I know probabilities are in my favor. Maybe it's just me, but that's how I do it.

I completely agree...it's just that there are some people out there that seem to think it's a given that 80% of the time when price enters value it will cruise through to the other side. This isn't part of my trading plan, just a neat statistic to share

Do you mean a Market Depth sort of thing keymoo?

The daily chart shows us that we met our support at previous resistance (for many weeks) at the 807 level. We dipped a little below, but no follow through and buyers snatched up the opportunity to grab ER contracts at that low low price! I’d look for price to have trouble breaking down through there, and if we do find ourselves into 804 land, then we’re back to some rangebound (20 points or so) trading. For our Market Profile guys and gals…there was a nice double distribution day on Friday. A couple areas to watch in the coming week…798.9 which is a VPOC and also a psych level at 800, and 786 (another VPOC) if we head down there. We may be in for some more upward momentum as people could be feeling it’s a good value at it’s current price. We are still outside of the monthly value area to the upside. Interesting to note is this…the 2 low volume nodes of 805.3 and 814.4 provided some great levels recently for support and resistance. What is VAL for today? 805.6…..So if price happens to come down there again, look for more buyers to quickly bring it back to 809-811. This could happen over the next couple of days, provided we don’t, for some weird reason, come down and start filling that vacuum. If so…801.8 is monthly VAH and 794 is monthly POC and the high volume node. Larger profiles are great to see a bigger time frame and where we might be heading. 814.4 is going to be a tough contender for a resistance level today (I assume we’ll see it today as price is at 811.80 right now). With the amount of range ER is having lately, we could certainly see a rotation from 814.4 to 805.3 happen today. Something to keep in the back of you mind.

When the TPOs are more plentiful underneath the POC, it's showing that there are more buyers at those prices because price is stopping and filling there. When there are more prices above the POC, it is showing that more people are selling off their shares/contracts above the POC, so sellers are in control. A TPO count like 16/25 would show that buyers are in control, buying more at the lower end of value because they feel that it is just that....undervalued.

You rock man. Thanks Looks like ER is the winner there again, eh? No 80% like people say, though..... Thanks again

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I haven't tracked it with the YM as of late, but have been tracking ER's value movements from the first trading day of this year up 'till now. It's tedious for me to go back too far as I have to input all the MP values manually, but....2007 has provided every single kind of trading environment one could ask for. The first week of '07 was amazing for trendiness intraday, late January gave us rangey-trendy, and so far in Feb we've had purely rangebound markets (until Friday afternoon...that was nice). For the ER...it is cruising from top to bottom (or bottom to top) of value about 54% of the time, while only 3 days this year has it not entered value from the previous day. Don't know if that helps out, but it's interesting to note none-the-less.

Very nice stuff. Gotta love the vpoc's As for what notouch said about testing PDL before heading down more...ER did the same thing. And ER stopped a little below 807 before reversing and heading higher. That 807 zone held as resistance for many many weeks in late 2006 early 2007. Seeing that pullback that we saw across the board today was very nice, and gives a good launching pad for further upward movement. Nice stuff, Soul!