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
-
Looks like this second section of move down today may be in for a rest. 2012-04-19_1508 - slick60's library slick60
-
Back from the links. 81 not bad, but lots of room for improvement with 2 doubles and a triple on the back nine. And I am not 81 so I must continue to play. Nice to see the bottom fall out of this baby while I was away. Need to take a boo to see where it is going now. slick Hot damn - looky here. There is that 65's number we talked about. There sits a .786 retracement in a pattern I am looking at. Did not think it would get there this quickly. Maybe more morphing but this could be a turning area.
-
Yes ,as I go out the door to freedom of the course. Have a great day! slick
-
Perhaps yesterday's high will kibosh the north move now and let us slip and slide to find the low for the day. Buying and selling above and below value seems to work not bad today. slick60 Too nice a day here not to take advantage - gotta shave and go golfing. Trying to shoot my age.
-
Hi N The one for this last auction that we are working in as I split and follow slick
-
2012-04-19_1019 - slick60's library Range extension one way perhaps as a normal variation session, 1 1/2 or 2 x IB area slick60
-
I see us in range trading yet for several days before the true direction is let out of the bag. We pee-peed our way to the so far high, maybe we will bee-bee it to the next low around the 65 area. I am posting a chart of how I split on my profile looking for new step 1 trades from the present low that we are working from. slick60 Nice to be in an active thread for a change
-
I knew there was something Hi-Tech about you Josh. Thanks. To be able to afford those luxuries you surely must be making some greenbacks. Would you or have you shared what you key off of for trades? I noticed yesterday the ins and outs but was preoccupied with other unpleasant matters for the day. slick
-
Looking at the 4 hr chart fibo retracements I see the 1365.75 level as a .786 retrace may be in play today. That coupled with the HVN as shown on the Negotiator's charts give me something to watch for. We may see a reversal at that point to a higher high - the 92-94.00 level mentioned in this thread before down. Will let price and time do the talking. slick60
-
One really has to interpret what part of the "bull...." move this is. I am going to show below three snaps. PLEASE DO NOT LAUGH OR SCOFF IF YOU DO NOT UNDERSTAND- haha. I have studied Elliott Wave for many many moons and there is logic in it. This may not be the thread where to display this but this is where I am at present. If anyone understands EW in this thread they will not dismiss it. It will frustrate with the continual morphing into changing patterns and empty your wallet if you attempt to trade solely from it. I do however find it useful. After all how can there be any credibility to Elliott Wave when the long reigning self appointed master of EW {Robert Prechter} and his boys in Atlanta have been continually wrong about pattern recognition for so many years? Do they care? It is all about THE MONEY! Snaps - no price, purely an EW pattern shown. Then look at bars or line chart close of day. It is a nice fibo relationship within the structure. Putting this together with the larger composite profile picture and some delta cycle counting I can see a corrective move at present and then continuation into mid to end of Dec this year. Yesterday I said Sept-Oct. I correct that here. There is a lot of information on these charts and will not be understood by all if any who look at them. They may appear as a messy mass of numbers but they are all meaningful. The blue and red numbers that appear are Delta Phenomenon / Market Matrix cycle highs and lows that appear. The numbers are on average when that point will appear. There are a few rules to know to fully understand how they may occur. March 6, 2009 started a save the world BS move with taxpayer money and is going to continue (like a marriage) until death do us part. There is no way out. The world is bankrupt and refuses to file chapter 11 in MHO. Great to be here. Let's make some money!!!!!!!!!!!!!!!!!!!!!! slick60
-
Geez, I think glasses may be cheaper slick
-
karoshiman I do not have a target on this move yet but I will add this snap (interrupted by wife getting up!) http://content.screencast.com/users/slick60/folders/Jing/media/d28ea529-8b10-4481-8b0b-861160e26211/2012-04-19_0743.png slick
-
Hey Josh Thanks for the elongated look at the current auction. I use a larger screen resolution for my aging vision and still could not get it to look like this on my vertical 22" monitor. You must be into the 1600's resolution I suspect OR how do you do that? slick
-
Looks to me we may have finished with the HUGE "P" pattern over the last couple of days. I have broken down the "P" into what I follow - the smaller auctions on a 15 minute TPO profile. As I write it appears that we may be going into a new step one down very shortly. I have a couple of snaps of longer term that I will post below. 2012-04-19_0649 - slick60's library Good luck traders slick60
-
Wish I could make a composite that was not all scrunched up. Need a huge screen for that. I have here a couple of snaps of the current auction long term as I see it from the low dating back to Oct 2011. Looks to me from the 2nd snap that it would be easier to go down than up right now and I would have to think a correction is quite possible for this last push up from 1136.00 on Nov 25-11. The 1277.00 area is a fibo retrace of 50% and 618 of this move up. How low will we go before higher is the big question I believe. I feel this market will go higher into Sept or Oct this year before FINALLY saying that it has had enough. No doubt there will be something at that time to act as a catalyst for the forever down move to come. One step at a time - one profile at a time and make some money. Good trading people slick 60
-
Hi The Negotiator Would it not depend on what time frame you are in? What your trade objective might be? I see a lot of a few ticks trades and if that is the game then balance and maturity can be earlier than one looking to sleep on a position overnight. Watching upon completion to see if the move out of the bell curve balance takes place with conviction is wise. And I certainly do agree that the range can extend to a maturity of longer time frame. Since I read and studied Peter and Robin it has given me more confidence upon the entry. Also Peter is now teaching volume strip analysis which I tie into the HVN somewhat. Makes sense. Someone just committed a lot of money to the move. Maybe wise to go with them. I would love to be able to evaluate the quality of the money coming in at the time. slick
-
A couple of PDF's from the master and the apprentice which I think bring profile to the point very well. Short specific instructions. That is what I like about these. http://www.earnforex.com/forex-e-books/forex-market/intro_to_market_profile.pdf http://www.iiedge.com/Docs/Trading%20Order%20Flow%20with%20Market%20Profile%20by%20Robin%20Mesch.pdf slick60
-
Josh My post 3461 yesterday shows a couple examples slick
-
Hi Josh Peter Steidlmayer teaches that markets move in 4 steps. New moves begin out of completed bell curves. We do not have one of those at this time as I see it taking into account the market action from yesterday at 8:30am EST. The step one trade kick off out of the completed bell curve is the most profitable and least risk trade. My observations see that the TPO mode and HVN mode work back together often. Waiting to see if this takes place today. My time frame at present is observing the 15 minute profile development together with 15 minute indicators chart. Also very aware of the larger composite picture. http://screencast.com/t/hOJbns9C slick
-
Here is what I see at present. Once the bell curve is complete in the "P" pattern we shall see which way they wish to take it for now. 2012-04-18_1106 - slick60's library slick 60
-
I apologize right out of the gate for using and showing a chart of mundane lagging indicators in this thread. Today had a great start if your were out of bed for the London open in the weee hours of the morning. As I show in the charts things came together just right and kicked off this trend day that we are now seeing. I use the indicators in conjunction with market profile. One scratches the other's back. Profile does not lead all the time and neither do the indicators. They do meld together and give some pretty nice signals. I have been posting a lot of these in the forex forum under EURUSD et al thread. Getting tired of missing all the good moves in currencies and thought I might venture into here to see what pebbles of wisdom I might reap for some day time trading. http://content.screencast.com/users/slick60/folders/Jing/media/1d33eaed-fbc5-4081-bd73-d8888f4a1d01/2012-04-17_1335.png Good trading everyone! http://screencast.com/t/uqFSQAbKzVz0 slick60
-
Shit Josh, you're right. I was looking at the high of 2 days ago. And I am old, have cancer and am still trying. slick
-
What kind of trades are we looking for while day trading the ES? How many points? This is a HUGE thread and just ventured in. If I read the thousands of entries will I find some specific market profile trades in here. I am an old guy and don't think I will live long enough to read this whole thing. Thanks Appears we are in a trending type of session at present and should close near the highs for today. If we take out yesterday high then we will make an attack on the recent high in the near future. slick60
-
Two snaps here show a candle daily chart with my Delta cycles on it. It depicts in bar form what is show basically on the 6E Profile Composite snap. Using what you see tells me that we are into an area of uncertainty with regard to the red MTD delta points as it is within an inversion time period where the points may invert from even numbers on top to the bottom and vice versa. The red boxed area on this chart is what the profile depicts. This is the area that we want to be concerned with at present. A mody, mini-mody bell curve profile will complete development in the price range shown before making a decisive move north or south. BIG MONEY will show you their footprints when this is about to/taking place with volume from the high volume mode. That will be when all time frames will jump on board and create a new Step one trade. It will be the "Go With" trade. One must remember that at any given time anything can happen and it only takes 1 trader somewhere in the world to make your trade look like stink. I don't know where I can find information that I am sharing here and if anyone could direct me to such a site I would really appreciate it. I am always interested in learning. Let's make some money this week folks slick
-
Hi sdmdad Note the thread is called EURUSD et al. Maybe you could contribute something from your work over the past few years that would help here too. I am really glad to see that you downloaded the PDF files but am sad to hear that you will "look at them later". I feel the information in them will remove many shades of gray in market understanding which is what I think we all need to do. To understand how the market moves is critical to becoming a confident trader. Market profile will do that for you with some understanding. For $249.00 you can buy the TPO software here Final - Home and produce the same profile charts as me on a Ninja Trader platform which is free. There is also a 7 day free trial of the software. You mention trading hours of 2 to 5am CST. That is prime time for currency trading. Setting up and encompassing the London open at 3am EST is in my opinion crucial to what happens for the rest of the day. We have to realize that we are in a 24 hour market and BIG MONEY can move the market whenever it chooses. There are many moves during the Asian session from 5:00 pm EST until 2:00am. It costs less to make a move when there is no competition. Will my approach work then? It will work when the criteria is met as I continue to show. These trades occur when there is a consensus of market direction and mostly culminating with the completion of a bell curve. This is shown in the volume at price. These are like your triangle or wedge formations that one sees in bar charts. Each man has his own measure of success. A short answer here would be yes, but there are so many qualifiers that one needs to know in order not to be misled. Please take what you see and employ it patiently in a demo mode to measure your own success. There are no freebies and quickies to riches in market trading. My trading is continually evolving and has now come to a point where I think I am as close as one will ever get to the "Holy Grail" of market trading. With this thread I am trying hard to carve years of research and hunting that I have gone through from your search for the HG. Just DO IT and PROVE IT!. I include here the 6E futures (EURUSD) trade for Friday. Everything that I look for in my "trading edge" check list were there. I don't think it can get any better than this. Good luck trading everyone 2012-04-15_0938 - slick60's library slick60
