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slick60
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Everything posted by slick60
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Shown in this snap is a developing profile of the 6E. We have had two snappy sessions to the downside and a rest is deserved. My crystal ball at present is looking behind the falling snow for a possible balanced trading session as shown with the magenta bell shape. So we need some filling in today. Where I show the open for this auction I feel may curtail the upside move today. 1.3170. Forex is 3 or 4 pips lower. Let us see how it develops from here. What appeared to be a 9:45am possible new step 1 may turn out to be an expanding balanced trading session. 2012-05-02_1019 - slick60's library slick60
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We are doing a retrace of the move in euro which began Feb 24-12 I feel. That is what the composite profile shows. EVERYONE knows that we are making a narrowing triangle that should come down to the 1.3000 major quarter point. It bothers me that we turned right at the down trend line from that high (since everyone knows it should of) and went south with such gusto. The people with money are not in the habit of rewarding EVERYONE and what should happen generally rarely happens. Have they changed their ways? Are they repenting for their sinful acts and rewarding the little guy finally? NOOOOOOOOOOOOOOOOOOO - they will not do that! The 4 hour chart I show here makes me a bit leary yet as the No. 2 low is not due until 9pm this evening. Although this is in the forecasting realm of things I still have to respect that possibility. I took 6 pips on my futures trade and another 14 plus pips on my forex trade to see how this develops. We have a possible EW pattern developing which would see us put in a slightly lower low today before a move north. We are also working on delta points which are forecasting a low into the end of this week or start of next. This may come in after a retrace of the rather fast 2 day move down. Time will tell us. 4hr 2012-05-02_0954 - slick60's library Delta 2012-05-02_1005 - slick60's library Steady as she goes mates! slick60
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Here is a potential trade that I just took looking for a reaction north. Accompanied is a profile composite of an auction that started from the Feb 24 high. It shows the area we are in and now to see if it works. I have a 12 pip stop in place. 2012-05-02_0857 - slick60's library slick60 Note - this is a feeling the waters kind of trade with the bell curve "b" pattern still to be completed. 5-10 pips on a futures position is fine for this trade to me while I wait to see what the move will be out of the completed bell curve in the "b". Nice to see the proof of the trade in the rear view mirror when taken. That is what the 15 minute chart is about together with the market profile. I missed the ideal entry from the 12 range chart at 1.3126 - I was distracted at the time.
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FC - it is nice to hear that this way of trading seems to be working out for you. Good to see someone besides me posting here. Your url snap of your charts does not display for me and I presume for everyone reading here. I have reproduced my charts that I think you refer to trying to show what you have stated in your posts. I have labelled the trades and break down of what took place to institute those trades. I hope this is what you were trying to show. I am starting to get along in years and it is hard for me to pick up all the signals to enter a trade. We all know it is easy in hindsight BUT the real time charts seem to hide the signals as they occur. This is not the case!. I would be interested in anyone in the EST time zone who would be interested in trading with me as extra sets of eyes on Skype to be able to execute these entries with more precision. Please send me a PM or if you already have Skype - just skype me. Thanks again for your participation and good luck with your trading FC 2012-05-02_0637 - slick60's library Good trading everyone slick60
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FC I agree with you here about the posting???????????????? I replied to a thread of yours yesterday which you had already corrected and it pops up today before my response. Come on TL people - No wonder traders do not want to post OR have they been and the powers to be have never posted. This is like Bush's Home Security crap. slick60
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Hey FC, Welcome aboard. Nice to see someone else using delta points on the 4 hour charts. I don't see the "M" that you are referring to though. Also good to see that someone has picked up on the value using market profile. Good trading to you. slick60
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Hi "N", just noticed that you live in PRIME TIME part of the world. You have it made for trading the currencies there. Now that we have retraced to our objective I think it is very important to hold this high otherwise we go back and test near the May highs. This appears as an end of auction spike to me and now looking much lower as I mentioned the end of last week. What do you look for now with your longer term picture? Do you have some prominent areas of high or low usage that you perceive as potential visual targets? Thanks slick60
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Not that it means anything here - but I gotta agree with you there "N". I wonder though if we will fail at the 88.75 level. That may possibly be a number for failure and completion of a pattern. Good day for slick to go golfing. Off to the links shortly. Bounce from 74.00 says 88.75. I know - no number calling! Gives me something to look at in development for my reasons that I have followed for years and years. Have a good one folks. slick60
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Completing a bell curve. Maybe a test back to the 73-74.00 area? 2012-04-25_0755 - slick60's library slick60 Perhaps with the FOMC today we may spend our time making a big "P" sideways filling session for 5-7 hours http://screencast.com/t/yiGGy2ifigM
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Hi Gary What exactly is the "hinge"? Could you post a chart depicting it please? Thanks slick60
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Hi Josh Yeah that is basically it. This morning breaking auctions down as I do when a completed curve is in place and a new step 1 begins I split the brackets and take note of the vol number and wait for that number to be met. If we close the opposite way then it signifies minus development which Peter says "should run". Here is a snap as I had it. 2012-04-23_1056 - slick60's library slick
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Is anyone here familiar with and attempting to apply Peter Steidlnmayer's volume strip analysis at present. For those who are not aware or familiar with his new approach to the electronic markets here is a link to a 94 minute video at the CME describing same. CME Article Page - Single Player I am trying to employ his reasoning on a 15 minute market profile chart with volume assessment on individual brackets broken down. Thanks slick60
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I had a shitty time on the links today in the wind but was probably more fun than what this session produced. Looking for 65's or a bit lower. Retest the 90-94 then sell baby sell and hold for 100 biog ones. See you all on Monday I hope and have a great weekend. slick60
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I am watching to see if we will get an inside bar on this 15 minute time frame. If so it will show that we may be moving into a step 2 of development of stopping activity and we are almost out of gas. Won't know until the 11th hour. We have been one time framing up for the last hour on the 15. This is trying to cherry pick a top and not highly recommended. Yesterday we put in a regular high with a lower high re-test. Today perhaps with the rule of alternation in play we may do an irregular high seeing a higher high at the 84.75 level/aka the .786 retrace of yesterday's move down.
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trying to sell 81.75 for a 5 ticker slick hit it twice, would not give it to me. Will wait now for 83.75 83.75 looks like it is setting up for me with an OB at that level
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It does not appear that we are ready yet to go. We are getting long in the tooth with an 11 x 11 on my 15 min profile of step 3 development. I think the home run pitch will cross the plate at 78.50-75 to go over the fence north. I actually think I am starting to learn from my work. We shall see. slick60
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I see us in an open auction on the 15 min profile. We are in a price controlled range [need I say that] and in equilibrium. We will hit disequilibrium at a new step 1 break, count on it. My guess is up and then an inverted "V" turn. I am married to 83.75 at present and waiting to assess and sell there if it looks right. slick60
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Hey fellow Canuck You can see obviously that I have spent a lot of time in search of the "Holy Grail" and thinking that education was the way to go. For the most part, as a few of my posts show' I have done a lot of crystal balling thinking this was the way to go. WHY? Shit who knows what makes up a person. I do know one thing though when I can multitask these things together they certainly do produce a very confident signal. Alas I am getting too old to catch em like I used to and have recently found the Steidlmayer and Robin Mesch instruction on the "bell curve". I have tried to simplify my findings and applications in attempting to share what really works at present. The other stuff of years of use still do come in handy BUT do not marry yourself to one process as the markets are constantly changing electronically. It only takes money! Fill your account with OPM and follow these so called fund managers and it will be nothing but riches galore. slick60
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Hi karo Yeow, You be talking about me. I guess there are others somewhat like I. I have to say that I am with you on this one again. I think we agreed yesterday about the 65 area pretty early. And yeah, the Neg is the ombudsman. If I wasn't so old I would call him "Dad". lol slick
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I like your chart "N" It shows me a "P" balance pattern prior to the high and then the "it has to go up before it goes down" move to the highs. - Distribution taking place in MHO. And then now we have the inverted flag, symetrical triangle, range.... building cause they ain't got enough for the upcoming move lower. Man I do seem fixated on a move lower at this time. slick60
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I like this split a little better out of the TPO mode. It then lets us balance this auction at 83.75 area. 2012-04-20_0844 - slick60's library slick60
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I follow these markets using market profile, delta cycles for timing, fibonacci for everybody moves, Elliott Wave for patterns, VSA for momentum divergence, Wyckoff for demand and supply to some extent and and and.... Yesterday we hit 65.50 very fast, too fast at the .786 retracement in pattern. Today is OPEX and now I look at pattern seeing a possible one more little pop up and then testing the 65.00 area again. I still feel we need to get to the 90-94.00 level before we take "the plunge" to a medium term auction low. I am seeing the 1280.00 area coming into play by the middle of May and then northward ho the wagons one more time. This current range that we are in is appearing to me to be a platform of accumulation and distribution. Thems that has is passing off to those who think we are going north and taking the new sells for the 100 point shot down. Just my thoughts for the day slick60 add chart of 15 min profile http://screencast.com/t/LUzWJ6ERcE
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Well, we certainly are entitled to our own opinions! slick60
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Nikko A couple of posts back you say we should have easily broken 1400.00 and now you say we could have easily gone down into the 50"s. You are confusing me. Re:reading I think I may see what you said. slick60
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I have found that using indicators together with market profile and having recently learned how important the completion of the bell curve is, really brings the two together. My indicator generated signals mostly appear as a new step 1 of market activity begins. This is cool. Will have to start to capitalize on same. 2012-04-19_1515 - slick60's library slick60
