roztom

Any signifigent enhancements in the update? Tx, Tom

If we do get through 31.00 then 22.50 ish would be next on the hit parade..Still a bit of a reach given the range but all options are "on the table.." Tom

Is that Beta or has it been released? I tend to wait until the dust settles..Tom

12:43 VPOC 38.25, VAH: 39.00, VAL: 36.00 Infiinity

I am on IRT 10.4.16..if that is what you are referring to... Tom

12:28 VPOC: 1338.25, VAH 39.25, VAL 36.25 Tom

I'm looking at the 41's also... then potentially 45.25, 47.50...seems a long ways off... I feel like I'm sitting in a Masserati with the shift in first gear or reverse, waiting to pop the clutch and flooring the engine... Tom Edit 31.00 is a big CLVN below which had signifigent rejection on Tuesday... Unless we take that out we "should" stay in this balance area with an upside rotational bias..that being said I do not know what the train schedule is... I am monitoring VERY closely for a long based on the above ..I am going to go and look for my Magic 8 Ball and ask it... If we take 31.00 on the downside then we could have some real fun..It is also possible this is dead because of the current fundamentals + weekend and it will make it's next move during Sunday Globex... Tom

That is what my long was about and MP is suggesting that "potential" but is in conflict with other tools here at the moment... By the time it shows itself it will most likely be gone... Tom

BTW: This is just banter..nothing else... My Technical tools are mixed but suggesting Short.. However the Profile is not speaking to me though it smells like up and we are sitting at the low end of an important area...so in my little world this is conflict until I get alignment... My stomach is saying: Punt Aside... Tom

:crap: Yes but too close to Bernanke so this thing will probably gallop out of here.. coint-toss really..not worth it... I'll wait for the next train... Regards, Tom

Didn't see your post..Exactly my thinking and a scale point for me "if" that is the way it plays out... Tom Edit: I am flat now... Going to eat some prunes...just kidding...on the prunes. T

BTW: This kind of day - so far causes me to thrash and I have to recognize it after a few trades with no follow-thru... that I am in Chop... IF I have 3 losers in a row then that is my wakeup call... The Chop Alert goes off. Usually they are relatively small but they will add up. :helloooo: So .. I am doing my knitting... Regards, Tom

YIKEs...not only am I wearing a helmet but I am going into my bunker...:crap: BTW,,afer making a reasonable donation to the Floor Traders retirement Fund this morning for getting short too early I did get short and plucked a few "Quid" - N. Is that what you call it over there? I will give the anatomy of the trade: 1. Obviously Big Selling overnight... 2. Where to look for a short? Now you know I use a profile but you can see this on any Globex chart There is waht we call a distribution area..when the market skipped thru on the way down and left a low volume area and then balanced this thin area at the top is where we had1338.75.. the then high of the IB.. This was an area to look to lean on for a short.. I did sell ahead of it and did pay the piper... when we came back through the OR.. I then sold against there & did my scales but did not get my test of 31.00 area.. Then Chop City ... Now Long and waiting.. I started writing this early on but then with the Chop got very involved, frustrated and upside down... but I think I "might" be rightside up now... Chop is where I get tossed like a cork in the Ocean... but the day is young.. Good trading all.. Tom

My Basic SetUp: Since I have had several requests to share my approach both on the forum and by PM I thought I would post a general overview of the tools I depend on most other than my intuition/brain/screen time, AND psycological alignment..etc. Based on what I read here those of us discussing MP/VP profiles use them differently at least how the data is presented and weigh different market generated information differently. I'm sure we also use similar tools but configure and read them differently. All retail traders mostly use derivitaves of the same tools to one extent or the other. IMHO - While it may seem to some readers that we debate what is best - we really don't. It is only point of view. Like likeing a specific car or sweater..if it fits wear it... I use data going back to 10/2007 but my data is only related to the major swings for the Cumulative Nodes..Right now at the current level all I have to reference is the last time we were up here... It is really very similar to support & resistance but represented in Volume then Price... At a Macro level I use 1 minute bars to create Daily Bars since I can get volumefor them - Can't have tick Data for that far back. This is accurate for my purposes since it is Macro I believe Josh had posted he only uses Tick so his profiles are more accurate... (Not Taking Exception to His Rationale at All) I also use a More Micro Profile: This encompases the current balance area... This one currently is from the breakout Day Friday NFP 2.2.12 This does use Tick Data It is more accurate as we zoom in.. Finally I work interday with the Daily Developing Profile the Microscope..using Tick Data This gives me the lay of the land for the Developing day , trade locations, stop clusters, etc..Developing LVN/HVN.. My Charts are Not a mish mash of lines but clusters at key areas.. I can trade without the clusters but I sure want to know where they are.. I think we have seen how they can be a very important part of the analysis.. The profile also has certian mechanical behavior and sign posts when you integrate what the past profiles represent and the key areas from that day and align with the longer term cumulative Nodes you get structure that you can lean on..then it is the realtime developing profile and the structure to take a position.. As far as predicting...they predict nothing.. Did any of you "predict" we would open today with a large gap down? I didn't.. I don't need to.. If you did...were you short from yesterday? Not me..slept like a baby... Isn't that the point of daytrading... "Be Here Now." After that it is charts, Range Bar, Renko/Haginashi, Kitchen Sink aligned with that, some cycles, CCI Fast/Slow, and Delta: With Averaging.. and a Old School 15min Bar Chart..which really helps keep me from getting too myopic - seems to work really well for seeing where the rotations might go - it does align with the profile but for our RTH trading day 15m seems right for me... as opposed to 30m Profile... 15m shows the major Swing/H/L and also from a classical bar chart point of view you can see whether we have a triangle or flag developing or whatever..Also the power of a directional move and counter swings against it... If I am looking at short term bars I can get hung up in the minutae so the 15m lets me see the behavior of the OTF without the noise, etc I thought I throw this out there.. for anyone who is interested.. I don't have any magic indicator - nothing..all this is in the public domain.. This is really all I need.. Then it is learning the behavior of each of these tools and seeing how they integrate to complement each other and align with your psycology.. Can you develop confidence in them and yourself to interpret what you see and execute - letting go of the need to be right..? That is really it.. I do not wait for confirmation on these - that is where screen time comes in... I really look where they are in relation to each other.. Often I put a position on and have to wait for the slower ones catch up to the faster ones.. but it is only confirmation after the fact. It is like driving a stick shift 1st gear, second, etc.. then if we get going I have my targets, scales, etc...if it doesn't get going and my short term stuff stops supporting the trade then I will bail... Screen time allows me to recognize behavior and I don't get that from indicators since initially they lag so I have to read it and also use structure for the locations..so it is integrated. Top Down and Bottom Up... Hope this makes some sense since typing is cryptic at best.. See - no secret sause... but I do wear a helmet.. Regards, Tom

YEs..I took a walk on the wild side this morniong..took a long at 1336.75 and dumped it... lost a tick...I hadn't had my coffee yet.. Now with DVPOC dropping it would be a better trade..just for a scalp though before 7:30 cst Trade Balance so there might be short covering - strictly a hit & run scalp for me.. Not a position.. BTW: We have Bernanke talking at 11:30a cst so that will keep this on edge so after the open flurry we "might" get very quiet... no clue of course... Regards, Tom EDIT: Bernanke 11:30cst

N: Welcome back to the fray... SOme interesting moments recently... and some excellent discourse and diverse opinions... This morning is very interesting... Regards, Tom

It works..When I only had a bar chart I plotted them by hand and drew channels all over the place.. It is how I started out... They work... Then it is a matter of drilling down to the trigger and then entry timeframe...I don't know how you use it but I understand how & why it works... Tx for explaining & showing it.. Regards, Tom

Are those Fib Fan lines or are you basically crossing channels? Tx Tom

I did take a long: and already scratched it . made a tick...bought my Clearing firm a Happy Meal... We rotated to CHVN 1348.50 & MicroLVN 1348.25 a MLVN on the Profile from NFP: Josh So there is a notch on the MicroProfile@ 48.50 alignment - to me... 1349.25... scratched... basically.. Why...I wanted to see more Delta and it still might work for a scalp but that was enough for me... Regards, Tom

NO Long But: I just kicked out a little buy signal at 14;06 cst @ 1350.00 just FYI..I did not act on it... CLVN @ 52.50 and eventhough we might get there we haven't taken the stops below..now no stops taken equals strength..probably but if we don't move up I expect the stops to get taken so a place to watch but not participate, IMHO NO risk/reward in that one but I do enjoy seeing if I can read it right... No Edge/NO Trade Regards, Tom EDIT: I did take a long: and already scratched it . made a tick...bought my Clearing firm a Happy Meal... We rotated to CHVN 1348.50 & MicroLVN 1348.25 a MLVN on the Profile from NFP: Josh So there is a notch on the MicroProfile@ 48.50 alignment - to me... 1349.25... scratched... basically.. Why...I wanted to see more Delta and it still might work for a scalp but that was enough for me... Regards, Tom

You have a strong stomach lining..I even have a hard time holding ETF's..I just can't be efficent enough with the typical buy & hold strategies... I have used MP/VP to swing trade ETF's but it was too much work and there is no leverage typically... I like the old ES... I have probably traded almost everything out there that has volume at one time or another but ES is fine..it could be jelly beans if there is a market for it... Regards, Tom

I actually did create profitable systems years ago..they were swing trading in the S&P and also currency spreads primarily... Currencies tend to trend so they were good for spread trading..and longer-term stuff -today we have pairs... I can't handle having any position open overnight which is why I daytrade... I spent years with positions held overnight - didn't sleep well..had quote machine in the bedroom.. a real winner with the wife... :helloooo: Tom

Neither would I... I suspect most system/room vendors do not make $ trading and use the income stream to support their habit... There are some out there..we both probably know a few but the majority are sellling "Fantasy Island." After all if you can be profitable doing this you creat FInancial Independance..that is a serious goal just like someone selling the FOuntain of Youth.. I bet that was a big seller in the day... Regards, Tom

Yes the emotional component of this is beyond what almost everyone expects..it has been written about yet it is only conceptual until we confront it..even then we won't recognize it unless we Journal and start to see self defeating patterns emerge... I still mess up..I can point to today as a prime example... One thing I have accepted about myself is my imperfections... What I haven't accepted is my lapses of focus.. What saves me is taking the things I do right and celebrating them..The errors I make I truly analyze and try to build structure to offset them..still a work in progress.. I tried to design trading systems to overcome my own weakneses but in spite of myself I do better as a descretionary trader than any system I can create - maybe in my "spare time" I will tinker with it again..but I do not have the energy for it.. I think we3 would all like to have a trading ATM but I haven't been able to do it at least not using surgical risk management/trade location and trade management... Regards, Tom

Hmm: At 12:29 cst my DVAH is 1350.00 and my DVVAH 1349.00.. BTW: I can hear it now "Thanks for Playing the Trading Game..." We have several swell parting gifts for you..the "Trade at Home Game" and "I Could Have Made a Million Game" I sit here and look at my analysis and for me it was spot on..yet I let it slip through.. now I will be watching for a scalp on the long side but I have to be careful not to let my emotions cause me to force the trade since I am feeling the angst of missing this one.. I want to get even get some of the market...very dangerous.. Always another bus... GRRR :crap: ... We will Probably Test CLVN 1352.50 again... if there's no rotation then there is no opportunity, IMHO.. Regards, Tom "I have Met The Enemy and It is ME"