TinGull

How do you approach the day? What I usually do when opening is below POC is look to short the rallys up to POC and VAL. ER2 is right now about 10 points below VAL. How do you look to make a play when opening is so far below value? Just curious!

Cash markets for the most part are losing their daily trendlines, and VIX lost it's downtrend as well...so we should be seeing more downside moves ahead of us. I always love playing the short side anyways

I've been asked to start a topic on options and trading them effectively and woould love to open things up for discussion. I've been trading options for a little over a year now and have gained some significant insight into that world as I am very active in a large options community, Investools, and also with ThinkorSwim and RedOption. I'm not sure where to start, so hopefully some folks will ask questions and I can help and this can be a beneficial discussion. For great info on options trading, check out redoption.com . I'll start in the morning discussing basic option strategies, as its getting late and I'm super tired from travelling today. Till then...

tried, but no cigar. Maybe they just aren't Mac friendly....

I do have Real player and the first time I tried, it worked great and downloaded a real file to my desktop. Now, quicktime tries to open and it won't let me download just a file for real. Weird...I'll keep playing around I guess. I just use the email that I used here right? That's all i did last time.

Torero, I use a 2 minute candle chart, 30 minute MP. And I don't know if the VPOC is worthwhile or not...I haven't done any research on it.

And today...perfect again. I tried using the 9:30-4:15...it's not so hot for me.

My MP levels were perfect on FOMC day, and today they worked out great too. I've still got mine set to 8:20am-4:15pm EDT. Especially early in the day when you can see it broke through the POC and UVA and pulled right back to it and zoomed up...pulled back and zoomed up. Very nice.

I am having the hardest time to get those videos to download....any pointers?

I'm using 30 min with session from 8:20 - 4:15. The pivots and all on the site you gave there don't make much sense for MP. The VAH and such wouldn't have given as clear an opportunity as it did on mine....for ER2 anyways.

Hey Torero...yes, I'm using 30 min TF. Today I'm showing yesterdays POC at 765.6.

Great minds....

Perfect Profiling.... I was short at yesterdays POC. Opened up underneath VAL so I'm looking to short rallies...and BAM. You can see the divergence and then delta shift. Shorted at 768 and covered at 767.40. I only go for about 6 ticks for the time being until I'm completely comfortable with MP levels. So far so good. Ended up going back down to the VAL. $3.40 worth of profit from that short trade that was possible.

Basically what you saw in that chart is all I use. I only need a few things to line up for me and then hit the button. I like to keep it as simple as I can, and this is the most simple setup I've been able to get consistent with.

I'm quickly seeing this too. It's all too interesting a concept to pass up. And yea...the ER2 is a fun one. Twice as much profit per dollar as ES but this thing moves like a bronco!!!!!!

Correct. The level that you see in yellow is a developing value area high. Since this was taken after close today, that will be the new VAH for tomorrow's trading. Interesting how it happened to be like that though.... I use InvestorRT with Market Profile.

Thanks! This is what I was looking at...and yes, I'm watching internals of the cash market to go along with my futures trades. Notice the breakout of VAH from previous day, and a retracement to it. As it reaches the retracement, you can see a divergence setting up with less and less selling (1 2 POP). When that delta is becoming more and more long and it finally pops, thats when I'd say we have a nice probability trade.

I'm pretty new to market profile and am darn excited to have found this forum. Here's a q....I trade ER2. This morning around 10:20ish it broke out of the previous days' VAH. It retraced to the VAH and then bounced back up forming a double top. Is this a normal sort of thing? I see in a chart you posted up top that you shorted a retracement to the VAL...could you go long a retracement to VAH after breakout with pretty good success? Just a thought.... THANKS! Chris