TinGull

Bwa~!!! Hahaha!!!

So...just wondering what all some of you have planned for the day job while this market sucks royalty? hehe. There's no volatility in it and it's tough for me, so I thought maybe I'd go bake bread for a restaurant or teach drums. What are some other things people think about doing to supplement income in times like this? :p btw, I'm totally kidding...no other gig for me....yet......

Hey Jonathan, Great to hear they worked for you. My levels always differ from mypivots.com. I'm not sure how he gets his levels, but I dont always find them to be as accurate. Look at these levels today, and see what happens... VAH - 127 POC - 126.92 VAL - 126.64 Best of luck to you Chris

Yup...I'm staying out.

I know you love those coil breaks, too! so far premarket...on the ups and ups!

Yes, I'd love to know too.

Another thing to note real quick....that 807 level was resistance for weeks, and now became STRONG support with that huge bounce off it.

30 minute for MP

Oh sounds cool. I don't know anything about esignal, so hopefully someone will be able to lend a hand. Also...remember that a proven strategy on an ETF may or may not work the same on the futures. Strategies that work on the Russell futs don't work the same on the DOW futs....so something to take into consideration.

What do you use for a charting program?

Hi there, Out of curiousity, are you trading options on the DIA intraday? Or the actual shares? And why not trade the futures? Anyhow...the levels for tomorrows trading are : VAH - 126.65 POC - 126.53 VAL - 126.41

Hi, I wouldn't necessarily agree that TPO counts were more useful in days when intraday volume wasn't widely available. TPO counts still give you a good gauge of who is in control of the market by very quickly looking at the count. Yesterday, for instance, on the ER buyers had control looking at the TPO count of 95/192. On the NQ, however, sellers were in favor by 137/115. On the ES, 65/48 in favor of sellers, and YM 111/100, showing sellers with the slight favor. One problem with the TPO count I sometimes run into is on days like yesterday...when it seemed sellers were in control of the ER2 at the 811.0 mark. We had a HUGE 5 TPO ledge there showing sellers were dominating that level, and then it broke, only to break back down below 811 again. So while the TPO count favors the buyers, it seems to me that sellers had a good hand in things on the ER2 as well. So often times its a very good gauge, as long as you take the days action into account. I never look at it as a pristine forcasting tool.

True that!

notouch, I dont usually pay much attention to the current days unfolding profile levels. I'll have to check it out though. I'm trying to get my profile based trades to fire off within the first hour or so, and then not worry about it. Maybe one of these days....

I'm about to embark on implementing a semi-automated way of trading for myself. Basically, I need things to be as mechanized as I can make it, or else I may not take certain trades. My trades will all be based on Market Profile, and I'll basically just make my calls pre market, and setup my working orders so they're out there to get filled, and the odds are in my favor that the market will do as I plan on. Based on my analysis of the market I trade over the past while, the setups are pretty well defined. When the first setup fails and I lose some points, then I know right where the next setup will be to get that lost profit back and then some. That's basically how I will be doing it for this entire week, and if it works in my favor, then I'll be doing that from here on out. I'm basically posting it up here so I have some accountability and know I need to follow through with it, instead of sayin...ah, nevermind. I can go purely discretionary since it's not making me much money, and thats what I love, right? not making money? ummmm, nope.

I agree...what it looks like there is you're breaking down the contracts difference at bid vs ask.

Those were levels I observed very early on with the YM noticing that when there was a net difference of over 290 contracts or so in either direction, a turnaround happened.

Analyzing the number of contracts at the bid vs the ask is extremely helpful in seeing the pressure being taken off or being applied. Notice on this chart, the 5th of january, you can see very quickly the buying pressure being released and selling coming in as we retrace to pivot levels. This shows you that there is not going to be a rejection at that pivot, and we will continue in the way of the trend. Also, you can see that as it hits an extreme reading going in the direction of the mini trend, we are watching for a reversal due to exhaustion in that direction. My graph is plotting the number of contracts at the bid vs ask, not the up ticks vs downticks.

I've got some great plays with the delta screenshotted (is that a word?) so I'm looking forward to that thread

Thanks for the kind words ashmat We certainly do try to have be nothing like those "other" forums....of which I know just the one(s) you're talking about. Everyone here is more willing to help than anyone would ever expect, and it makes the time spent here more worthwhile. On "other" forum(s) I'm usually scared as anything to post up something that I'm thinking, 'cause I know I'll get blasted! HA! Not here...we try and keep things very courteous and clean because we know where people are coming from and where they want to go with their trading. We've all been there and this is a place to help, not hurt, both the experienced and not so experienced traders. Thanks again for the kind words, and welcome

About the same as Soul and Paul. Took off my indicators and used price as the main squeeze, and devised a trading plan that works for me. The other thing I did that was a HUGE help was finding a contract that worked with my personality to use a learning tool to overcome some psychological barriers, and now I'm feeling like I'm ready to take on some more challenges. Trading's all about the challenges and breakthroughs for me, almost more so than the money. I love learning and I love learning about myself. This is a great game to be in if you want to learn about yourself...quickly.

I just told myself I can't get another monitor...I have 2 and when I start looking at other charts and stuff...I get all confused!! hehe 4 monny's do look slick though!

no worries. Tomorrow I'll start trading using it exclusively and let you know how it goes.

ask them for it. Bug 'em till they give it

I have it with dtniq, my data vendor.