kuokam

Don't know where you got the 54 number from, but that is yet another illustration of all your interventions: pointless and often out of context. The wizard you would like to present yourself as should know that absolutely anything can and do happen in the markets, yet you are reacting as if a subjective support can stop a currency from falling further. Depending on time frame and tactic, you can be bullish gold and make money, you can be bearish and make money. There is a trading contest going on here at TL. Dare take it for every one to judge your abilities by themselves. Until you've done that, I would advise you to keep your ramblings for yourself.

"To me... to me..." I was not personally addressing you and yourself, Sir. I generally fail to understand you. Especially, how can something that hasn't gone anywhere retrace 50%? A 84 full points move is not what I consider a sideways walk. Anyway it is my point of view. Everybody is responsible for his analysis and the ensuing decisions. No need for arguments, the market is there to tell the right.

Looks like he maxed volume and/or leverage.

A bullish view is not to be dismissed altogether: - We have just retraced 50 % of last up move; - I see a hidden divergence on the rsi, which is well below 30: - $ is weakening across the board.

There's a Scottish proverb: "They speak of my drinking but never question my thirst."

"This video doesn't exist" !?

Amen brother ! My understanding of gold fundies : 1/ the USA are the by far the greatest owner of gold of all kinds; 2/ they have decided to unload some, for whatever reason; 3/ logically the prices drop.

Thanks for the response. I've also responded.

Sure you can print more (ETF) gold

Thank you, I am going to have a look

Can any of you update please. I tried to enter a trial period at Ioamt and JPJ without success. Any other suggestions? BTW any news from Huddy / Channel-Trading?

Jail them for their cupidity, betrayal and arrogance!

Sounds like waiting for the IB on market profile to complete and give a clue as to what the trend of the day might look like. Do you use it?

I am just sure of one thing: with a competent and dedicated guidance, 3 months are enough to at least spot good entries. The Turtles spent less time.

Could you please elaborate a bit ?

Great questions indeed, Ant ! Pardon my late reaction, I was in Brussels all this week end to celebrate mothers' day, as daughter is a young mother of two girls. My first answer is that I am here just in search of responses to those questions, as I have not digged into them in dept before. Seems to me that LT players, having billions to put at work "must" invest heavily at a time, therefore leaving a big foot print. Thus the volume might be the first clue in gauging who is dominating the market. That's why you are better off trading during the hours they are around and hope to be able to trade in their direction. But where I am puzzled is when I see that it is them again who are able to finance HFT tools that conduct trades at a speed Joe the little scalper can't follow behind his computer. The same are LT and ultra short term !? In my personal trading, if allowed to let run, I never consider myself Lt or day trader. I would put a stop loss in and let run, trailing if in profit. So, it seems to me that you would only have long term traders present in the market as signaled by big size and momentum, or absent, with a market essentially not very convinced as to what direction to take. As for inventory imbalance, I can only think of the DOM to find it. Say you have the bids totaling 1200 and the offers 1700. Odds are this market in imbalanced and will PROBABLY drop. Appreciate your taking time!

I'll try that experience at the ES open. When you say the flow of the market orders is more important for a day position, do you mean you need a more active market than when scalping ? I thought the depth is always an important ingredient to guesstimate the ensuing trend. But you never know if a price will follow a direction for the next 30 seconds or the rest of the day. But you probably have an idea around that?

Well, I admit just starting to learn about Market profile and its lingo. I started reading " Markets in profile" last week. So, here are the answers of an MP illiterate to your questions:

How do you gauge confidence real time?

Hi Dionysus! Certainly, there will be "grey" zones, and IMHO any position to be closed within the day is best adjusted thru the dom, at least for entry. I have learned a lot on your site and will continue to go thru the wealth of resources you offer there, thanks for that. The one thing I am now willing to have my eyes on is a video on how to use the dom during main releases (nfp, cb rate change...). Given that all news affects the dom first, I hope I can find a posting in that domain. So far still searching. If you have an idea, please let me know, since you are in contact with almost all the dom planet.

Don't you people think it's about time to teach us the basics of your "astromental" analysis, so that this layman can have an idea of what you are saying? BTW of an eclipse, the sun is up and shining here, Bob ! But it is still 9:45. Overall agree we might still go below 1400 : -dmi above, ema 21 and 1485 level holding .

Thanks a lot. I am also surfing your site right now. great job!

If I understand you well, this is it: ideally you mark your levels beforehand, you follow them on profile for confirmation and only then look at the dom to tell you if price is being accepted or rejected, thus which way market is going to head. This brings me to think the two tools are complementary. But there are some people who trade exclusively by the dom, and those by the profile . Can one trade well with only one of the tools?

This is the profile beside the dom, which is for all the day session. Is it enough to take decisions, as compared to the Profile fragmented in 30 minutes ? How do you combine it with the dom to come to a decision?

So, what's the best way to read volume, Steve? Dom? T&S ? Profile? Vol indicator?