Soultrader

Hi madspeculator, Please use this section for now until our review system is finished. This should create a good review list of all vendors. Once I implement that I will create a new section for datafeed comments based on current users. Regarding datafeed, I am currently using IRT with IQFEED. I understand CQG is expensive. Perhaps you might want to look into it. I used esignal in the past but IQFeed seems to cost slightly less.

First exit and 2nd exit target level plotted:

Short setup here: Stop @ 1364. Continued from previous chart post located here.

Interesting chart here:

Excellent explanation PP. Thank you very much.

I had to take it off temporarily.... added the clock instead. Ill try to put it back up again once I fix a few bugs. Thanks

Hi Pivot, Do you mind elaborating on why this is the case? Are you implying that a balanced profile can be seen as a contraction bar and would expect to see movement beyond the previous days ranges tomorrow?

Hi Piggyback, Take a look at our manual.

Stopped out on the rest below VWAP. Not a good exit.

Update: Second exit target is shown at roughly the 1.5x IB range extension mark. This is shown by the green bar. Also notice the confluence of 1/25 high as well. Concept here is I am looking for overlapping to higher or higher value placement. However, markets are not showing signs of a wide shift in value. For now, a normal day can be extended with potential IB range extension 1.5x the initial balance. Hence the projected target level. Note that 1.5x IB extension and 2x IB range extension are plotted on the charts automatically. Pretty cool feature of IRT.

Chad from IRT has created a workshop located here for IRT users: http://www.traderslaboratory.com/forums/group.php?groupid=2 If interested please join us.

Below shows first exit at the 61.8% retracement. Play based on volume & price analysis, internals, and market profile levels.Also holding bias from earlier post regarding overlapping to higher or higher value placement for the day compared to yesterday.

Current long setup for the day. Concept here is seeking value slightly higher than the previous 2 day overlapping value area. Price gaps up above this 2 day overlapping value area creating slight imbalance. Hence, looking for VAH to hold. Entry at 1356 with stop @ 1353. Volume is also kicking in with narrow candle body showing demand meeting supply. Also market internals shows a new $TICK high. This added confirmation of the support at VAH.

This is definitely not going to be easy. But I will contact a few firms to see if they are interested.

Credit and thanks goes out to Blu-Ray for developing this indicator. The original post can be located here. " It's based on the High of Day and Low of Day, I've also coded it with the alerts to fire off when a divergence appears. Note: when testing it today, Alerts were really annoying within the first 15-30 minutes of the day, as they kept firing off when the market is finding it's range. ( Maybe that was my fault because I was testing it on 5 different symbols ) Also coded it up into a "Show Me", so it will plot a dot with the relevant color when a divergence appears. However, I've coded this one up to fire off as soon as the next bar starts. As what would happen, it would plot a dot when divergence started to appear within a bar, but by the time the bar finished and there was no divergence the dot would still be there. Note: to anyone unfamilar with this indicator, it will only work on LIVE data ( not historical )" Screenshot is attached. DELTA_DIVERGENCE.ELD DELTA_DIVERGENCE_SM.ELD

I used to use Sierra charts but got extremely frustrated with the software. It was a constant pain in the ass to deal with and definitely not user friendly. I would much rather pay up for a charting package which I like than seeking for cheaper alternatives. Makes my life easier

bertq, Take a look at this video regarding TICKS I created.

I dont really count 2 print tails as single tails. There is not much significance compared to clear 4-5 print tails. Each print in the chart shows 1 ES pt. A slip of 2 ES pts is common so wouldnt pay too much attention on the tail element... but rather it is a key resistance level. On the buy tail.. to me whats more important is the level of confidence expressed by the bulls today indicated by the open-test drive. The range extension was also early in the day at C period with D-G period all holding pretty much above the IB. What the profile is telling me here is positive confidence. Regarding mp vendors, I am using Investor RT with IQFEED. This has reduced my costs compared to esignal. Esignal was good but I encountered problems connecting due to my dynamic IP address. You might want to look into it or grab the free trial first. Contact LS_Chad if you need any help.

Okay sorry for the delay. Had some datafeed issues but now all setup with IRT. Below is todays ES profile. A couple of things to explain first. Thick red bar is value area. Thick blue bar is the initial balance. Thick green bar is 0.5 times the distance above/below the IB. Thick yellow bar is double the distance of the IB. Orange horizontal line is the POC. Volume profile is shown by the histogram. Profile shows a trend day with IB extensions approximately 2.5 times to the upside. There is clear push of price into the previous session value area. B period tested lower below the 1/25 range to seek supply. This was cut off resulting in a open-test drive format. Though Asian markets are reacting positively today, the action does appear to be just an reaction of 1/28 US action. Therefore, I will not be holding a bias based off the Asian markets. ES profile indicates potential balance zone. 1/24 showed a normal day with price pretty much trading within the wide initial balance. The profile also shows symmetry. 1/25 slipped lower below the 1/24 value area. This was a sign of weakness. However, on 1/28 price tested for supply below the 1/25 low, found demand and pushed price all the way back above the 1/24-1/25 value high. Hence we are seeing balance => weakness => strength. Market profile levels: VAH: 1350 VAL: 1334 POC: 1344 Will be looking for rotation in balance or overlapping to higher value placement. Confluence area of 1/18 high, 1/24 high, and 1/28 high will remain a key reference point. Question will be: How far are we likely to extend the current 3 day overlapping value area?

Hi Brownsfan, I was actually brainstorming last night on how a system like MZ would benefit TL tremendously. Furthermore, it will be a fun event to have. The question: How would I go about building an infrastructure to do this? No clue. I guess one option would be to buy MZ. Another option would be to negotiate with a brokerage firm that can host such events on our site using their platform. I will definitely look into this... though it will probably be a long stretch to host such events here on TL.

Yep, Chad is a great guy to work with. Fast support, I must of exchanged emails over 10 times yesterday just to get me setup. IIm using the pro package so need to spend some time learning the language for me to backtest. Btw... how big is the Yahoo Group they have?

Yep, they have tick charts going back to 1.5 years or something. The cost is dependent on the package (I use the most expensive package) but for basic charting platform with market profile and with CME, NYSE, and CBOT datafeed should cost under $200. Been using TS for quite some time previously so never really got a chance to experiment with other charting platforms. I am very satisfied from what I can see so far.

Hi all, I left esignal recently due to an IP problem. I have now switched to Investor RT provided by Linnsoft. I must say I am surprisingly pleased with the superior charting platform. Comes default with auto pivots, auto mp levels, volume delta, etc... and literally tons of indicators. I am also using market profile with them and is very flexible painting pretty mp charts. Using IQFeed the cost is about 30% lower than what I was paying to esignal. I highly recommend it for anyone looking for a new charting platform. I have posted some charts below.

Another interesting article.

Very interesting idea Brownsfan. I will contact MarketZar to see if we can get a group discount.