Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
slick60
-
Content Count
391 -
Joined
-
Last visited
Everything posted by slick60
-
I placed the important quarters lines on my TS daily chart today and it showed once again how important the Quarters Theory is for price action and price targets. This is not new in my posts. These are levels to where the market makers manipulate price. Having a daily chart marked up like I show gives you levels to assess price action and watch for potential price reversals. daily http://content.screencast.com/users/slick60/folders/Jing/media/b4c97c35-cc6b-4004-af6a-2b039e277061/2012-11-25_0958.png slick60
-
As I mentioned in my last post I wanted to show you Trade Station users a a FREE neat indicator that is available from Emini Trading – Free Emini Trading Indicators from Emini-Watch.com that I feel really helps to read the market in relation to the market makers business plan. On this snap of the eurusd 2 minute chart for Nov 23 you can see the volume indicator together with the better volume paint bar for the candles. These are both available with explanation of the coloring and use on the site above. This indicator can be plotted on any time frame. Worth checking out. Note the red up climax bars where the MM is taking profits and manipulating the market into his pocket. I feel there are various levels of market makers at work at any given time from the day time frame bid and ask guys facilitating trade to the large banks and brokers who have your best interests at heart ( N O T ) and are playing for the longer term. They move the market to the beat of their drummer and the size of their vault. You can follow them. Hope this may help some of you Good trading all http://content.screencast.com/users/slick60/folders/Jing/media/2d70ef6c-bb7a-45ff-9145-996d018d84cd/2012-11-25_1039.png slick60
-
I want to post a snap of a composite market profile of the 6E Dec contract (Will have the same look for the EURUSD) showing the current retracement move that we are in from approximately 9:00am EST Nov 13. We have had 2 equal legs up into yesterday's high and I am looking for a third leg taking us up to the 1.2875 area before another move down. This snap shows specifically what I believe Peter Steidlmayer is teaching with "volume strip analysis". From the fast inexpensive move of the market makers to drop the bottom out of the euro in the middle of the night we see on this 15 minute profile 4 bars one-time-framing into the circled area of "minus development'. Please note the labels of the O H L & Close of this bar. This is an excellent way to gauge if a move is completing. An 84 pip slide in 1 hour! That is the market maker for you & don't let anyone tell you anything different. The market profile is one of several good tools to employ for tracking the market. I wish to share how I view and follow the market. I will be posting further snaps showing another very neat indicator which is free for Trade Station users. If you can begin to understand the structure of the market within the market makers business plan then you will begin to view charts from behind the screen rather than in front. I like to marry both sides of the screen. A phrase coined in the Steve Mauro presentations which has validity while viewing the chart price action I kind of like - "ONCE YOU SEE IT, YOU CANNOT UNSEE IT !" 2012-11-21_0609 - slick60's library Burp, fart, cough and the world goes on. Tune in tomorrow for slick's next rant - lol Good trading people slick60
-
Thought I would try and show the reciprocal end of the up-move in my last post with a 2 minute chart of the 6E for Nov 16. This I feel is the way that the market makers work their business plan in order to trap you and a lot of professional hedge funds on the wrong side of the market. Try and view the market from their ( MM ) perspective knowing that you are only part of their plan. As you see the market shooting up or down always ask yourself the questions - "Who is doing the buying or the selling?"; "Where does the market have to go in order for the market makers to make money?"; "How will I know when the move is nearing an end?". I hope this picture answers some of these questions that we should never forget. Have some fun trading and make some money! 2012-11-18_0927 - slick60's library slick60
-
Morning session Nov 15, 2012 I thought I would post a snap of a 2 minute chart of the 6E Dec contract to show how one may be able to track the market makers and what are they doing in the market. I use a 2 minute with volume in the 6E as it gives me a fairly good idea of what is taking place with order flow. This chart will be much more meaningful to you if you read and study Martin Cole in my last post. I know the BIG question to me is Okay, I believe you, the market is manipulated by big money that create movement. BUT how the hell can I follow that and see what they are doing? I hope this chart helps in that respect. It can be taken in context to larger time frames with the same concept being applied. 2012-11-15_1203 - slick60's library Let's hitch a ride with the MM's people. slick60 P.S. If anyone has charts or ideas that will assist us with this concept please post them in this thread. Thank you.
-
Some health issues get in the road of regular postings for me. I have mentioned in the past about Steve Mauro and his market makers theory. There certainly is value in what he says. I have spent a little time furthering my education into this matter and a fellow by the name of Martin Cole teaches some good stuff in my opinion. Free course link is below. For anyone wishing to look at the market in a different light take some time and listen. It will change the way that you look at the markets. Market makers method training course freeLearning How To Trade with Martin Cole Good trading folks slick60
-
[quote=TheNegotiator;1 More talk overnight on fiscal cliff but major importance is Greece. Rumours are that they'll be given €44bl in one lump sum and they have confirmed they'll be given until 2016 to meet budget deficit targets. The final decision on the next tranche of aid is said to be delayed until 20th Nov. Could be a news/rumour day which could well be dangerous. ACH though. German ZEW survey missed earlier (-15.7 exp -10.0) but no major releases for US today. Merkel, Stournaras (Greek finance minister), Monti & Cameron and Yellen are speaking today. Hi N Do you not consider the federal budget balance at 2pm EST to be of importance? slick60
-
Here is a snap of my interpretation of Peter Steildlmeyer's concept of "strip analysis". I follow the ES et al with 15 minute brackets. In this snap is a clear example of what is setting up to be a "V" bottom at this time. Note the deep new low of the bar, where the bar opened and where it closed. If it was to continue lower then the close should be below the HVN. It tells me that in the least we are at a reaction low level, Hope this may help some traders to utilize their market profile perhaps in a different way. 2012-11-07_1216 - slick60's library slick60 Thought I would just add a composite follow-up chart to one I posted last weeK http://screencast.com/t/ZxVCNet9
-
Hi N Since we are playing a zero sum game perhaps the OTF players are the ones who are accumulating the sells and building a nice long inventory for a sustained move north. Since the market has been jerked around on perception a lot in the recent past and that perception has been stretched it indicates to me a move north is not far off. With a little end of auction spike down we could get under way. I have not seen a 14 1/4 pt IB for some time. Will this set up our "b" pattern of the so called "long liquidation"? slick60
-
Hey bakrob99. I guess the short answer is YES!..You seem to have this down pretty good - lol. I am sure you sold the opening bell then on Friday RTH session and held for the day. I personally feel you have to look also from the other side of the screen. Take care and good trading to you. slick60
-
Over the weekend I stumbled upon a site of Martin Cole's - Market Makers course. I totally believe in the markets being moved and manipulated by these traders, consortiums, banks et al and it is not paranoia on my part. If you believe other here is a snap of a bit of your competition. 2012-01-13_1625 - slick60's library We had an interesting week behind us which was enhanced by Hurricane Sandy leading into the market makers' opportunity of N.F.P. day on Nov 2nd. I am sure these ruthless "B.....ds" licked their lips seeing the high probabilty chance of enhancement wreaking havoc during this week. I have tried to make some sense out of it in picture form below. The set-up http://content.screencast.com/users/slick60/folders/Jing/media/1b42af50-ffc8-478e-998b-3bc4df7bbac5/2012-11-04_0907.png The story 2012-11-04_0927 - slick60's library Story re-told 2012-11-04_1003 - slick60's library I hope I am able to use hindsight to to identify what is going on at the right side of the charts. slick60
-
I day trade the emini using an 8 range chart, some technical indicators and follow the market generated information on a 15 min MP chart. I always spend considerable time over each weekend trying to do a top-down analysis of the market in ways that I follow the market to give me some guidance going forward into the next trading week. I share below that analysis which consists of a composite MP profile of the last auction from the June 3 low. Also included is a daily candlestick chart of the move with an Elliott wave count on it and Delta cycle points. I have tried to color code points of reference on both charts. I am still trying to learn how to read these charts from behind the screen to determine what the market makers plans are in order to trade with them. They do control and move the market to their pocket books in their business plan. I see a turn either in or upon us with the U.S. election this week. 1387.50 appears to me as a critical level to hold for a possible reversal. However as JD says .... but, ACH (Anything Can Happen) :-) 2012-11-03_0830 - slick60's library Good trading folks slick60
-
UPDATE Thought I would post another chart to update possible area of retrace. Today could be interesting with the NYSE down for two RTH sessions. Wave form will still allow for a sharp move down into the possible low if it is not in at this time. Very untimely storm when one is counting waves and delta times. Hell of it is I will not be here to see what goes on today as have a doctor's appointment. Good luck traders and have a great one 2012-10-31_0717 - slick60's library The importance of this low is that it will be the last one before this move from March 2009 low is over. And then cover your ass and look out below. End of Dec to early part of year we should be done. How far will we get above 1510.00 aeaa? slick60 P.S.I know this is the Day Trading the emini thread BUT I find it nice to have some idea as to direction for the higher probability trades with trend.
-
Appears that I got whacked in a stop run beneath the HVN hit earlier in the overnight session. I should know better but just getting back into trading this mother. With the naked POC sitting below at 1443.25 and we know everyone is going to be buying there for a reaction - damn why could I not bring my mind to think like a market maker who was going to run that zone after building it since Oct 3? To thems that trades this on a regular basis - what is an average stop run in the ES in points? Would appreciate comments. Thanks slick60
-
Entry order at 1443.50 long waiting. slick Up the butt on that one. Violated a rule. Only trade in the direction of the larger trend. I have a very good idea this is short into next week so I try a long trade. Weinerhead. After saying to myself this morning "only take shorts".
-
6 Point balanced range yesterday and now a 4 point balance IB to open. Look out both ways.N POC 1443.25 N POC below and the 1461.75 N POC above are my visual targets for today. Should the HVN low hold the upper N POC is a nice .786 retrace of the move down from last high. A good reversal level to suck in the longers again while they reverse the market lower into next week. I might add while in the fibo mode that the N POC below is a 1.272 retrace of the upmove from the 1445.50 low. slick60
-
Hi Josh Glad you noticed that too, Big moves take place in the overnight session I feel because they are cheap to create for the market makers. No opposition from the "Only RTH traders" (nothing pointed at you N). Yes nice 8 1/2 point overnight trade was possible with technicals into the HVN. slick60
-
Hi N You being in jolly old England area, out of curiosity did you take the trade at the HVN / VPOC? I have technical chart which showed great signal at the low and 2 min especially for 6 minutes supporting. slick60
-
Dharmik, come to life man. Perhaps you misunderstood my question. Are you in GMT, Eastern standard time, Central, Pacific etc time zone? Looked at your site and very interesting. I really cannot see on the chart. Thanks slick60
-
Hi Josh You asked. Gotta tell you. I was sitting in the library this morning and said to myself " I wonder what ever happened to Dancing Josh?". Lo and behold here you are. slick
-
Viewing overnight price action at this point I see inventory as being almost 100% short. To me that means that the market maker in order to get paid must move prices up to punish the shorts. Market profile traders will see that there is an HVN at 1445.50 and an N POC at 1443.25. They have that gravitational pull and would count out into an Elliott wave pattern for an intraday reversal should price move to those levels. I follow markets using the Delta Phenomenon/Market Matrix as most are aware who have read any of my posts. Today an Intermediate price high is due on average, however the Friday high was probably it. Also note if you are not aware the moon was in apogee on Friday and highs very often come in during this period. My longer term wave count says we are in a 4th wave and we have two support levels that we may retrace to. I will include a daily chart showing those levels. My bias today (should not do that) is for a move lower if not in at this time to the levels mentioned above and then a fibonacci retrace to the area of 1457.75 - my daily central pivot. I still am aware that a higher high may get popped in early this weekend and will let price action guide me. daily 2012-10-08_0745 - slick60's library slick60
-
Hi GOB I do not know if you use market profile or not. Please allow me to comment as I see this market unfold for the RTH session on Friday. To me it looks like you had an upward bias in your mind from the trades you showed and you were fighting city hall for most of the day. Here is a snap of my RTH session broken down for you. A lot of information on it but it may help you and others. (Or it may confuse the hell out of all the people that read this thread}. Note I use 15 minute brackets for my MP analysis. Once we had range extension below the IB I begin to look for clues. It did not run away with gusto to fill the opening gap so I watch for the possible completion of a bell curve. When I see it I am ready to take a break in direction. This one was south. Now I start to look for visual targets as shown on this chart - 1.- 6. and note the structure being built and how price reacts at each of these levels. If we start to build a balance area I am continually looking to see if we are completeing bell curves. Do not know if this will help, entertain or otherwise. This is how I see it. 2012-10-07_0807 - slick60's library Take care and good trading slick60 P.S. Please note there was a responsive single at 1466.00 on Sept 14 high of 1468.00. The high reversal Friday during 10:30-45 bracket was 1466.00.
-
Hey Dharmik What time zone are you folks in with this chart? Thanks slick60
-
How old are you Dad? Your Son slick
-
Well said Steve - I think. You and I are in sync and yes Big Money comes in with the "Go With" trade that Dalton preaches I feel. And then the day-trader market maker jumps on board and throws on the fuel. And yes - Dec to early next year if it lasts that long will be the start of the day of reckoning. slick60
