TinGull

You certainly bring up some interesting points Walter...ones that I'll definitely look into further You're welcome, and thanks MrPaul for the 34ema trick, and thanks Walter for more insight

Flock. I use it for windows too, though I might just go back to Firefox so i can use "foxmarks" and keep my bookmarks up to date cross platform.

So...those of you in the chat room know that I've been having issues with everything being Windows only an not Mac...well.... I'm running Windows on my Mac RIGHT NOW!! As I type this I'm using internet explorer...how weird!! Now i gotta get used to all of this Windows stuff. Just had to share

Very interesting momentom! You should stop by the trading room sometime. We meet there every morning. Would love to talk about ER trading with you some more. Take care, Chris

Hi Rhody, I do agree that it can be made to be very easy. As for fixed downside, how are you fixing that? What strategies are you using? For example of easiness, I had just bought a few calls of CROX right after Christmas and recently it had broken out to new highs and I sold the calls after making 44% on them. Not bad for a few weeks of holding. Buying calls can work good, but you have to understand volatility and how it's going to play into that option youre buying. If not, you could buy into a winning stock, but the option could hardly move compared to the underlying if the volatility is just getting sucked out of it.

I dont understand the term "token". Might someone explain? Thanks!

check out Infinity Brokerage Services .

That's interesting. I was looking through trying to figure out what day you were looking at...then I saw the time being from 8 till 530est. I personally think that even though it's a 24 hour session, the profile should be formed by the bulk of trading which occurs from 930am est until close at 5:15. That's how I have my charts setup. The IB will vary hugely by having a start time of 8am. A lot of brokerages won't even let retail trade index futures until 9:30 too. Definitely something to take into consideration. Chris

Excellent. Thanks guys for the great posts, I do appreciate it I think I'm gonna setup my drums and recording stuff again and have a go at it. Haven't been into music (which is my reason for existing!!) for a loooooong time and think that's a big hole in my life that needs to be filled. I think it'll help me have a clearer head. Thanks again, you guys rock!

What do you do to avoid burnout? Right now, I'm feeling totally burnt out on the markets. I'm trying to figure out if it's just because I've been learning so much about Market Profile and other things that I just need to rest and let it sink in...or if it's 'cause the markets have been crap this whole week and sitting and staring at the same quote flash across my screen is wearing me thin. Anyone else feeling like this lately? And, if you ever have felt burnt out on the markets, what do you do to come at it with a fresh eye again? Do you go out to a concert? Do you garden? I'm all ears Chris

I can totally see how it would be more effective at a pivot...I'll be paper trading this for sure tomorrow. It's got me very interested. Also, Paul...how are you setting your stops?

Yes, I forgot to mention it here...awesome video!

Also...I think that having a holistic view of the market is very critical to this working. If you can see we're getting choppy, then dont attempt this. This can get you whacked up pretty good in a very tight rangebound market.

So...those of you in the chat room in the mornings know that Paul and I are goo goo ga ga over the 34ema and the ER2. I wanted to perhaps get some feedback on this methodology, as I really want to implement it. I think I may start posting at the end of each session here what the opportunities were at the end of the day. Today, there were 8 total, one was after hours that I was papertrading. It's a very interesting concept, and even if you take 2-3 of the opportunities that come up thats a nice supplement to the income stream. The delta divergences that I use also tend to work well with this methodology, giving less total opportunities, but more defined ones. I've attached a chart, so hopefully we can get some discussion going about this. I'd love to know peoples' takes on stop placement, first of all. From the looks of it, one could place a stop right under the low of the bar prior and be safe. It gives a small amount of risk for the 1.00 looking to be gained. I'm looking at a 233t chart and looking at this as a scalping method, not a longer term (5-30 minutes) method. This would be over and done with within 2-3 minutes most times. And getting 100 dollars per contract in 2-3 minutes....not bad. So...let's discuss What are your thoughts on the strategy?

Yesterday was totally lackluster for the YM. ER got the gold star. Our TPO count yesterday favored the buyers 110/153. Value placement was inside of value from Friday and the profile looked like as statistical as you can get. We did have a ledge form at the high of the day (12637) where 3 TPO's built there. Interestingly...it was the first TPO and the last 2 of the day. Right now (pre news...PPI and cap utilization) we are trading a little above that high. I would think a break into the 580's would spell trouble for the bulls in the short term and a break into the 650's would be trouble on the bears side. Right now we're in a tug of war. The value area is small for today. Just 24 points. If we find ourselves opening outside of value and are fairly close to the VA...I'd say within 10-15 points...I'd look for a break into value to be a possible play for a continuation down to the VAL. If we are inside of value....it's anybody's guess. Waiting for a break of value and acceptance outside of it would be the best way to capture profits. Till then...

First off, let me say I don't promote the use of illegal drugs nor do I use them myself. But...this story is too weird to pass up. Should Illegal Drugs Be Taxed? -- Tuesday, Jan. 16, 2007 -- Page 1 -- TIME Is that crazy? Or is it just me?

Other things to watch out for... On the 30 day volume profile we've breached outside of the value area. We're nearing the all time highs of 12650 area. With this sort of imbalance and lack of volume to the upside, especially compared to right below us in the 12550's, will we remain up here? To paraphrase Mind Over Markets...it takes time to validate new levels. If we're going to stay in this area, volume really needs to catch up. Otherwise, people aren't going to see the point in staying up here if the value is seen below us, causing us to fall a bit more. Notice, too, on January 3rd we opened outside of this value area. This was a good "Value Area Rule" trade where we opened outside of value, poked down into value and built multiple TPOs only to cruise through that value area for 150 points or so. So...while today we found balance outside of the value area, looking at a larger time frame as we are we can only put so much validity on it. If we break back into the 580's tomorrow...that would spell potential trouble for this bull run. Something to watch for

Also to note...I had just re-read part of the bible (Mind Over Markets) and the value area rule is when there are double TPO prints in the value area of the previous day that a good chance is it will cruise through. Also a close on the lows is a sign of market weakness, which we saw in the ER2 today. Very interestin stuff!

With my small amount of daily pictures I've got, about 65% of the time it opens outside of value and goes into value, it cruises through. Definitely something I would love check into further.

Just a quick thread to talk about opening outside of value but within range. The ER today was the winner of the "Action Award". Everything else was slow as all heck. Notice how we opened outside of value, but within the range from Friday, and then we auctioned lower. It did take a little while to get to the value area, but when we entered it, it was a signal that we may in fact trade through it to the VAL pivot. Whenever we have an opening outside of value and we trade back to the value area and into it, there's a good probability of it trading through the value area. We had almost a 4 point value area in the ER, or 400 dollars per contract. That was reached in a little over 2 hours. Just another good thing to watch out for when watching MP levels.

I'd love to...gotta see if I can get time away from re-doing the kitchen. Hopefully I'll be there

Robert, I'm in no way saying that market profile could have told the CBOT was going go down. I'm just saying that up until then and pretty much after that as well the trading was sloppy. If that halt hadn't come into effect, you still would have seen the sloppy trading on friday, be it because of the action the day before or because of a holiday weekend. That's all

Always gotta plug my company when I can!! hehe....well, not MY company per se, but I love em.

Hi all, As usual I can't get away from my computer and stop looking at charts for longer than like 2 hours, and was starting to notice a few things. First thing I've been noticing is that the YM doesn't open outside of value very often. Am I correct in this? I've got my own data from only about 45 days back. Secondly, I've been trying to see when we DO open outside of value, how often is it that if price pokes it's head into value that we end up cuising through value to the other extreme from which we entered? There's been 2 scenarios that I've been noticing when YM opens outside of value. 1st: We never look back and trend the heck off the planet for the day and don't see previous days value again. 2nd: We poke into value and often end up making a move to the other end of value at some point during the day. I have found few days in my little 45 days worth where we open outside of value, poke back in and finish inside of value never seeing the other end first. Sometimes it'll cruise through value, say from VAH thru to VAL and then finish up somewhere in between... Maybe this is a good place for Ant to step in? Just trying to develope some sort of trading plan for outside value days. Soul is usually great at telling if we're gonna trend in the first like 20 nanoseconds of markets' open. Thanks all! Look forward to hearing some input. Chris

It most certainly can be used for longer term trading. I think MrPaul would be a good person to talk to about swing trading and implementing some MP techniques into it. He's definitely in more of a swing trader type of mindset than I.