Fatechaser

Here's these overlaps -- useful for taking scalp trades for 5,10+ pips or ticks and/or an easy 30 or 40+ trade or more if one risks a higher entry abv. 3265 depends on how savvy your feel for the overall action leading into this M patten This move leading into 8:00am was a manipulated ploy to pull in long accumulating traders expecting a further breakout high continuation. The false data pauses in each 15 min candle fr 4 to 4:15 held back higher movemt. as if to say buying energy is building. Then MMs allowed and motivated a drop of 30 ticks or so and began pushing north again --gathering more buyers for 3 hrs leading into the US mk open. 10:00am manufacturing news reports -- and they false spike for another pseudo break away high --- and slam bam --a who cares news excuse. And now they clean up the suckers --forcing mass exit a la the 2 min extreme vol bars. The longs must dump in high anxiety exiting. "Churned and burned em again didn't we gang" 2012-05-01_1258 - DCMCG's library (hope this comes out OK) worked nicely for me today for a 40p winner FC

thanks much Mr. Slick and Mystic I'm actually quite cool with it -- perhaps the posting criteria keeps out the Yahoos. I'd lived and died with forums during my first few years of forexing -- and so many easily deteriorate awash with nonsense repartee The occasional thread does shine, however. This one has immense potential to make a huge difference -- but we have a caravan load of homework to get up to speed grasping how to read and use MP analyses in tandem with some of our oldie indicators. These indies can be revamped, tho. Eg.--- use of the Williams R on certain charts (15min) --- when to deem it as an OS or OB sign to complement a trade choice or when it shows only strength or weakness in a move and to not confirm as OS or OB. The launch of a trade however must begin within a session displaying a MP pattern developing after a first step (step 1 of 4 in the forming of a bell or D shaped curve) -- for ex. a step 1 the begins developing a step 2 shape within a high and low extreme or extention. But premature to a fully developed bell curve -- another new high or low accelerates either within a market session or beginning into a next session ( ie fr a Europe to a US session) This developing step 2 or 3 of the above example surges into a new step one -- P Steidlmayer calls this Minus Development -- Just re-read the 22 pg article recommended in former posts. Learning to rely on how profiles develop and in their relationship to volume can and will become the most important tool in when and where to minimize risk. And most important greater assist us in gauging real clues as to what Market Maker false or manipulated moves do to a candle or bar pattern -- (for ex.) -- a real M or W to trade the retraces of a day's high and low . Today the MMs really thru a head faker at us in the Euro/USD I compliment Mr. Slick for what he's offered here --that's begun my process of MP use -- it gave me a measure of extra confidence to take a couple of quick winners scalped out -- and to stay the course long enough to gain a nice piece of the 70+p swoon south -- I'll make up some charting overlaps to illustrate. Novices can be successful too FC

Please disregard the chart in the 7:19 post this morning --- should have been this one --which shows a developing M which eventually proved false --- you must tread lightly until volume settles down and some confirming signal contributes to the step one imbalanced break out -- while this pattern to me looked promising for scalping other studies did not clearly set up --such as crossover mas, clear break below the pausing balancing attempts you see here 2012-04-27_0700 - DCMCG's library or whatever one uses w/o over complicating the combos of lagging indicators My efforts to shed over speculating as to what I think I see and feel focuses now on incorporating how the horizontal MP develops once the initial session step at last settles out. Then to make use of indicators that so often only describe that which has happened. They do assist the MP steps 2 - 4 -- and serve to confirm even the easy quick day trade or scalps FC PS please Mr and Ms moderators let me place these posts after composing them without reviewing for so long.

Here's that 4 hr channel with a 15 min forex pattern in process -- note the M in formation with rolling indies 2012-04-27_0739 - DCMCG's library (hope this shows OK -- still takes quite a spell for my posts to show up here) decent scalps so far FC

Trying out this to test viewing of screen shot. . retraces this Friday leading into the US GDP advance report. (78.6 so far of 3262 high) a turn in this ascending 4 hr channel is due soon -- yet not confirmed if this dip below 3172 is a fake out or beginning of test of 2994/3000 this chart should show up with a 15 min MP session shaping (futures) and a view of the forex with an M pattern forming (retesting the am high of 3243) opportunity for a morning trade in the making -- I will short this with macd histos and mas beginning to roll over. 2012-04-12_1646 - DCMCG's library first want to see this posted FC

End of week greetings -- not much active trades worth posting here yet as I've chosen to remain very distant from old trading habits that too often distract and detract from a developing new means of little reliance on the traditional lagging indicators I've lived by for several years -- their use will not be discarded, however. But to be plugged in to the MP means of reading market timing. Once more reasonably grasped the use of MACD histograms for example will aid in confirming day or swing trades-- along with of course a few others eg. mas, WRs, TLs -- and such. Here's a neat little article and interview I've just found to help clarify the above. A 2005 interview w Peter Steidlmayer -- he was asked: How do you compare Market Profile to traditional price based technical analysis? Short and sweet couple of pages. http://www.elitetrader.com/vb/attachment.php?postid=921848 (will try to load as attachment as well) Also I had much difficulty retrieving a Steidlmayer 90 min. video recorded last summer for anyone wishing to bear up to his dry exchanges and what seems abstract for anyone totally unfamiliar with this incredibly gifted man's research and background with the MP development of his last 20 years. --- perhaps the link had become corrupted. Here's one the works well for me Steidlmayer Volume Strips: J. Peter Steidlmayer hope to post real time charts next week -- make luck happen FC

Greetings Mr Slick and all observers, Quick update: I've just purchased the final MP software package. fantastic -- you know it's for life --a one time fee --best inexpensive tool I think perhaps I've ever bought -- and I'm talking about 6 to 7 years of services, programs and software charting feeds that drained multi-thousands of dineros in any currency you'd choose. The US tax date looms here and kicking my hind end this year. But I have the pattern of the day set up --HOD (high of day) and it's retrace. A very inviting M bet 6:15 to 10:30am est US time -- and a sweet sell run of 40-50ps as benches and holes continue to fill in fr the Euro session -- the 2:00am to 9:30am est session . building a nice lookg Bell when the Euro and US sessions are merged. I'll be submitting my pics thru snaps I'll save ---soon. thanks again for the inspiring contributions here. FC

With much appreciation Mr Slick I've poured thru these MP articles -- and delighted with the easy readabilities. Very impressive. And this should provoke engagemt with many other fellow travelers out there who wish to better/best grasp the inner language(s) of the market --whatever one's trading favors. I've in fact loaded the Final trial version of the MP software you show here. Also immensely grateful for that. As I plan to spend the very fair cost to own it -- It's already saved me several very ultra-early entries in the Euro. I've been watching benches and "holes" get filled after these step 1 surge moves. And have been kept wary of not jumping too soon w/i value areas. Funny as I've recently viewed a Joe DiNapoli review of what he calls a double re-penetration directional signal from which he sets up his famous DiNapoli fibno confluence levels --basically just golden mean overlays of appr. %40 & %60 price retracements. --- Now thru the window of MP action and Market Maker (MM) patterns -- I see these aspects of market phenomena more so in less mystical points of view. Rather as auction steps --such as the step one opening drives of important session launches or even a news driven surge of a break-out step 1 fr underdeveloped step 2 and/or 3 processes. And the patterns. The Ms and the Ws now appear as much more than wash and rinse moves but more in the developing of the Ps and bs of the developing bell curves in the various time frames that best incorporate them. Robin Mesch especially illustrates this so well in her elaborations of Steidlmayer's breakdown of the MP 4 step language and all it's possible variations. Yes this will take concentrated time and study and no instant road to riches. But these tools once decently absorbed will give us a great edge to justify taking positions either in daytrading, swing or longer term time frames. Anxious to dialogue here with others who have backgrounds which lend well to this graphic means of real time markets action. For it's not a System. More an illustrated form(s) of Market language and the means to greatly assist the probability of directions within trends -- movement predictable patterns -- retracements and expansions of price action. Cudos to you and until the next update FC -- in hopes to less chase the fates but rather to shake them up a bit.