Soultrader

Damn... thanks for the info Kiwi. There are some good points there. Google browser does concern me a bit regarding privacy (I have been using it all day!) Better stick to Firefox till further notice? :hmmmm:

Market Analysis September 3rd, 2008 Nikkei remains weak from yesterday. Both days reaching new lows in the afternoon showing clear lack of demand at higher prices yet. We had a pretty drastic range extension into the late afternoon session yesterday followed by heavy accumulation around the 12500 mark. This level will be key for the upcoming days. Once the boys who bought around this level start liquidating, we are likely to see further movement down. July 16 low at 12650 will be the first key support level. Other than that, I have to look at a weekly chart and scroll back to late March to find any support worth mentioning. As mentioned above late March support area from 12470 - 12500 will be ultra key. Taking a look at a market profile chart: ES mp chart below too. Weakness will probably get transfered over to the US today. The level around 1260 - 1263 will be critical support. Strategies for today...looking for a reversal at support on the long side initially. If broken, will look for shorts. Possible resistance around the 1284 - 1285 mark as well. Happy trading

Hi Kiwi, There is a paper image at the top right of the browser. This allows a browser to be set in secret mode. I find this pretty cool especially for the office lurkers

Anyone try the new Google Chrome web browser? Download it here: http://www.google.com/chrome/index.html?hl=en&brand=CHMG&utm_source=en-hpp&utm_medium=hpp&utm_campaign=en The browser is fast and simple. I prefer it over IE but may take some time before I drop Firefox.

Hi guys, These are old ones I made over a year ago. I ought to make a new one on tape reading combining DOM and tape. Part 1 Part 2 Part 3

Congrats to smwinc for winning this months Nomination contest. Winner receives a 1 year premium membership and a $20 Amazon gift coupon. Look forward to the September Nomination contest! Thanks for all the votes and congrats to smwinc.

Which post should win this monthly nomination contest? Choose from the topics (posts/threads) listed throughout the forum(s), and vote for your favorite post now. What is Topic Of The Month? Topic of the Month is a contest that select posts on which we would like the community to commit to as a group and then comment/discuss on them during the course of the selected week/Fortnight/month. Any listed topic (thread) is eligible for the Topic of the Month selection. What determines a Topic Of The Month? Topic Of The Month is based on a simple nomination system. Throughout the selected forums, members with adequate permissions can nominate their favorite topic by clicking on the award nomination button below the post. The topics with the most nominations during the course of the week/month are displayed on this thread using the poll feature. At the end of the month, the first three topics with the most nominations are the award winners of the contest.

During my time at an institutional trading environment, we had alerts for the heavy weighted stocks like Mizuho Bank, Mitsubishi Bank, and Mitsui. This was because the stock price was so expensive that a simple price change from the offer to bid would be equivalent to almost $100. The stock price back then was over $15,000 per share before the 1:1000 split. As a result, we had a few scalpers going in and out of the Nikkei based on this information alone. To me... this just seemed like buy/sell programs kicking in from a retail perspective.

Its not as big as the ES but you are going to see 150-300 contracts at each level. Ill post a live one on Monday... markets closed now and bid/ask is not showing anything on my DOM.

Okay, let me register with them and do a little research.

Hi, Can you check this link to see if this is the feature you are looking for? http://www.eirma.org/wikis/index.php/Links_and_Downloads_Manager Thanks

Hi myrtyleturtle, Let me look into this as I am aware this sort of feature exists. Thanks

Hey guys... no need to get heated here. Attached is the ELD from the website. I am assuming this was the file being requested? BETTER_VOLUME_1DEC07.ELD

Pretty much... I use levels like pivots looking for cluster areas with mp levels and professional levels like low/high, etc... The levels have a range of a few pts... so basically looking for how price reacts at these areas.

Hi all, Please welcome Suri Duddella to TradersLaboratory.com. Many of you may already be familiar with Suri's work. His homepage can be found here: http://surinotes.com/ There is a book review of this recent book "Trade Chart Patterns Like The Pros" located here as well: http://www.traderslaboratory.com/forums/f8/trade-chart-patterns-like-the-pros-3080.html Suri will shed some light into charts and trading concepts based on pattern recognition. Hopefully members of the TL community will find his interaction insightful and benefitial. Thank you.

Interesting day for the Nikkei and more to come on the ES. Interesting because we are seeing price rejection above a 2 day overlapping value area. Yesterday the US markets closed positive with higher value placement. Nikkei gapped up only to be rejected swiftly creating a single print tail. (see below chart) A bit of weakness in my opinion going into the US session. 1274 - 1276 will be key support area and a possible pivot for today. (looking at short side today) Red zone (Chart below) shows ultra key support level as well. Just looking at the mp chart we see a rangebound market.... 8/25 is showing a potential long liquidation.. yesterdays profile may indicate short covering. Notice the 8/22 profile (break from its 3 day overlapping value).... then a liquidation on the 25th (b profile), fairly balanced on the 26th and a "p" looking profile on the 27th.

Hi bf, Where was this moved from? Sorry Ive been away this week attending trade events. Thanks!

Interesting article by Suri: http://www.traders.com/Reprints/PDF_Reprints.html$SD_SURI I have invited him to participate on the boards as well. Hopefully he will shed the boards with additional insights. Note: Download is limited to one per person so beware.

Different tools for different markets. Mainly because certain tools are not available on other markets. Like $TICK is for US.. not available for the Nikkei. However, since the bid/ask is thick... the Nikkei tape is alot more important for my trading compared to ES tape. KOSPI for example... I just use price, volume, and market profile. Hope this helps.

Hi Robinhood, Sorry for the late response. I actually no longer use TS and cant seem to remember how I adjusted the preferences. Green represented contracts at the ask and red at the bid. White was contracts traded in between (according to TS.. no idea what this means). Hope this helps.

Okay, following up on my previous post. Nikke indeed gapped up and tested the resistance zone created from 8/20 high and VAH. (see chart below) Nikkei often gaps up and trades lower throughout the day. Todays session shows a hint of strength with price holding as it gapped up. Though rangeboud, we did not break to new lows. Taking a look at ES... looking for setups around the 1282.50, 1287, and 1295 mark. Though not strongly bullish or bearish I will be somewhat flexible in terms of direction. Chart on ES:

Brief market analysis for Monday. I mentioned in a previous analysis about 1274 being a key pivot. On August 20 and 21, we tested that multiple times to finally break into the close on the 21st. Once broken, the markets rallied on the 22nd to create value placement higher. Next chart shows potential support and resistances on a mp chart. I will look for patterns to develop around these levels. Nikkei shows interesting sell volume on Friday. Relative low volume to new lows and a lift during the evening session to push price back into the upper half of its range. Based on the ES, I am expecting the Nikkei to gap up on Monday. The key will be to understand the price action once the gap up. Will sellers step in to push it lower? Will it chop around creating higher value? All this information will be important to create strategies for the ES. (though from a mp chart, I am looking for a continuation upwards) I will follow up on Monday after the Asian markets finish. Best of trading

Those are margins provided by the exchange... I am assuming your broker will probably quote you a higher margin?

Todays market analysis beginning with the Nikkei. Yesterdays ES action took value placement lower. However, Nikkei reaction was positive with a opening test towards the previous low and holding. Afternoon gap caused value placement to remain well enclosed within the previous day value area. For ES, 1274 will remain key for today. A cluster for 8/18 high and 8/19 low. Any price acceptance above this will have me focusing on the long side. Premarket action is up as well.

For those interested in trading the KOSPI through a local Korean broker you may be interested in NHFutures: http://nhfutures.com/engIndex.action I met with these guys today and seemed extremely nice. They are a FCM of the KRX so execution is the fastest when trading the KOSPI. They also cater towards the retail trader and have their own internal execution platform available. They also have a number of english speaking employees as well.