Soultrader

Key terms: 1. Initial balance - market activity in the first hour 2. Range extension - price action extending beyond the initial balance 3. Range - range from high to low 4. Single print buying tails - any single print TPO's at the lower extreme of the profile 5. Single print selling tails - any single print TPO's at the upper extreme of the profile 6. Point of control (POC) - price level of most volume. POC indicates an area of greatest market activity 7. TPO - stands for Time Price Opportunity. Letters are used to build the market profile structure. Each letter represents a half hour period. The letter is also known as the TPO. 8. Value area - price range in which approximately 70% of the market volume took place. 9. Value high - the upper pivot of the value area 10. Value low - the lower pivot of the value area

This is a tutorial explaining the TRIN. Remember the TRIN has an inverse relationship with price. Although many trading books will teach you the that TRIN shows how bullish or bearish the market is, this is not the correct way to analyze this useful indicator. The numbers bullish below 0.6 or bearish above 1.0 are not that important. What is important is the TREND of the TRIN. When the TRIN is choppy, you can always wait for the breakout of the TRIN. Range breakouts of the TRIN are one of the most powerful trading setups that you can use. CLICK HERE TO VIEW VIDEO Charts created by Tradestation Presented by www.TradersLaboratory.com

Different types of pivot point formulas. Simply divide the pivots by 2 to find the midpoints. Classic Formula R4 = R3 + RANGE (same as: PP + RANGE * 3) R3 = R2 + RANGE (same as: PP + RANGE * 2) R2 = PP + RANGE R1 = (2 * PP) - LOW PP = (HIGH + LOW + CLOSE) / 3 S1 = (2 * PP) - HIGH S2 = PP - RANGE S3 = S2 - RANGE (same as: PP - RANGE * 2) S4 = S3 - RANGE (same as: PP - RANGE * 3) Woodie Pivot Points R4 = R3 + RANGE R3 = H + 2 * (PP - L) (same as: R1 + RANGE) R2 = PP + RANGE R1 = (2 * PP) - LOW PP = PP = (HIGH + LOW + OPEN + OPEN) / 4 S1 = (2 * PP) - HIGH S2 = PP - RANGE S3 = L - 2 * (H - PP) (same as: S1 - RANGE) S4 = S3 - RANGE using OPEN = TODAY'S OPEN, and yesterday's HIGH and LOW Camarilla Pivot Points R4 = C + RANGE * 1.1/2 R3 = C + RANGE * 1.1/4 R2 = C + RANGE * 1.1/6 R1 = C + RANGE * 1.1/12 PP = (HIGH + LOW + CLOSE) / 3 S1 = C - RANGE * 1.1/12 S2 = C - RANGE * 1.1/6 S3 = C - RANGE * 1.1/4 S4 = C - RANGE * 1.1/2

Most traders have a speciality in a particular stock, contract, or currency. Tell us why and the advantages. CBOT: mini-Dow futures $5 I like this contract by far compared to the emini S&P. One of my biggest reason is you can trade the dow mini using at 10pt stop. In the emini S&P this is equivalent to approx 1pt. It is fairly hard to trade the S&P using a 1pt stop.

The problem with most trading systems are that they are trend following systems. The markets trend 30% of the time compared to 70% in a bracket. Thus, systems can produce false signals of a trend development and instead the market can reverse. In discretional trading, you are able to point out retracements (short squeezes for example) which may or may not fuel a new trend. In mechanical trading, it is alot harder to define a new trend from just a retracement. I trade 100% discretional relying on proven setups that I have crafted over the years. To me pure information is the ability to read tape, price patterns, and market profile. I can not quite rely on signals and technical indicators.

From the Inside Flap The Encyclopedia of Chart Patterns, recognized as the premier reference on chart pattern analysis, extends its lead with this Second Edition. This definitive text includes new bull and bear market statistics, performance sorted by volume shape and trend, more than a dozen additional chart patterns, and a new section covering ten event patterns. Significant events—such as earnings announcements, stock upgrades and downgrades—shape today's trading, and Bulkowski gives readers the best information on what happens after those events occur. He also shows you how to trade them and uses reliable statistics to back it all up. In each chapter of Encyclopedia of Chart Patterns, Second Edition you'll learn the following about each pattern: Results Snapshot—A statistical summary of pattern behavior, including its performance rank, breakeven failure rate, average rise or decline—all separated by breakout direction and market type (bull or bear) Tour—A broad introduction to the pattern Identification Guidelines— Characteristics to look for Focus on Failures—What failed patterns look like, why they failed, and how to avoid them Statistics—The numbers and what they tell you, separated into bull/bear markets and breakout direction, including average rise or decline, failure rates, volume shapes, performance by size, and busted pattern performance Trading Tactics—Strategies to increase profits and minimize risk Sample Trade—Puts it all together, showing the chart pattern in action, with hypothetical or actual trades using real data For Best Performance—A table of selection tips to boost performance Encyclopedia of Chart Patterns, Second Edition also includes summary tables ranking chart- and event-pattern performance for easy reference; a glossary; a chapter on methodology explaining what each statistical table entry means and how it was calculated; and a visual index to make chart pattern identification a snap. The result is today's most comprehensive and valuable technical analysis reference—one that will save you critical time in identifying chart patterns and increase your likelihood of buying near the price bottom and selling near the top.