stanlyd

great idea, I would like to get aboard however I can. I'm on vacation now tho, be back august 1st.

Lots of the time people start it at the 9:30 open. Realize tho that you can start and stop the PVP and VWAP constructions at any point you deem a "critical" point for your time frame. I have found that looking for a straight answer when developing a strategy is not as beneficial as just experimenting. Try starting the construction of PVP at all kinds of points. S/R, every hour, every swing, whatever and see what you come up with. In that lies the start of developing your own style and learning what "kind" of trader you will be.

Are u looking to trade futures , stocks, ETF's, all of the above?

I ask the same as Tams , I am not sure what you want to see exactly. Do you have a picture of what you may be looking for? I hope to be able to help answer your question if I know what you are specifically asking about. Both marketdelta and IRT offer a lot in terms of waht you can do with the profiles.

Here is a article I read in futures mag once by Al Brooks that I really liked. I am not a sure if this copy of it has pictures of the charts like the mag did but it is still worth a read over. Five minutes to fame in the E-mini | Futures | Find Articles at BNET

higher high's and higher lows = uptrend lower high's and lower low's = downtrend Just look at a good time frame chart for you and see which of these patterns is taking place Also if you want to use internals look for the same series of hh's or lh's in something like the NYSE advancers..

I have in the used the WRB bars as an entry. First thing I would filter by only trading in the direction of the "trend" your trading. Second, is I used this very fast moving average (its actually just a hull ma) and what I wanted to see was not only the WRB but the fact that almost the entire candle was below the hull ma(if getting short). Note in the picture that the candle sort of hangs off the ma(short) or balances nice on top of it (long). I have not traded like this in awhile but that snot to say I would no revisit the idea at some point.

When that article said 20 period , I believe it's 20 days.

If you are brand new. Set up a broker account that allows you a simulator. if you have no trading plan then do not trade your money yet. You will most likely lose it. Teachers, hmm I am not sure about that . I think the best teacher is yourself on about a million hours of screen time. Set up the practice account to learn how to execute orders, try different products to find what you groove with and then just read watch read watch , repeat,repeat,repeat. then come back here and ask the question again and maybe get some help to move to step 2.

Here is what kept me bias sideways to up today. Note the profile I have in blue here. the development of this profile set this time frame up for an attempt to the upside. This was determined when price made it's way above 7850 area and and higher. What I wanted to see was a pullback to hold the in that green thick 7799 area with the lowest of the range being around 7749. If that 7749 line had broken down I would have considered the attempt up to be a failure. Price did attempt at it later but it never cracked so sticking to the bias the long side. A target upside is another time frame midpoint around 7968 which price did get to but made a crap attempt to get past and back down it went. So now we have an issue . We have price trapped between these 2 value areas. Note the blue regression line of the profile showing that it hold a slight skew to the upside meaning it would ideally like to work away from that red 7850 line. But, we also have a skew down on the top pushing down and away from the 7968 red line area. Bottom line is these red lined areas are vital areas to look at on the YM. We want to see one of the areas to break and also see the value areas broken . So 7749 down below currently and 8068 upside. These numbers can and will change dynamically based on swings we see overnight and during the open tomorrow but thats how I see it now.

I like IRT or Market Delta for MP charts. Check em out. Most of market profile can be learned by just studying it daily. It starts to become intuitive.

Here is a link you might want to check out if your using IB. Click on the tab for API and you can get and introduction to how to user it. If your not a programmer go with the dde to excel video. http://www.interactivebrokers.com/en/general/education/priorWebinars.php?ib_entity=llc

It's about 11:30 EST and it worked. I was able to log in with no issue. I have to catch a flight so I will not be in tomorrow but have a good time guys. Don't forget it's FOMC.

I thought it would be interesting to post my NQ chart as well with the timeframe regressions I have been talking about as of late. SO here we are looking at the longeer timeframe (purple) the last bear push (green) and the current "trend" up(blue). Again I just think it's another way of looking at it, not that it's for everyone but it's what I do. What I kind of focus on is the slopes. You see the green line is starting to turn positive but it's not yet. So as these blue line folks push it, that green line acts as a nice bouncy board. Once they both are positive then we will look for a attempt to "battle and and a pullback. If the pullback holds then the green line folks are out of the picture, but till then I still watch that point of regression. It's not really as simple of coarse as blue line ,green line, etc, but I think it's gives a more general scope of market flow. Of coarse the longer term (purple) is nowhere near positive yet. Have a good evening guys. See you in the AM.

a more practical example in terms of timeframes. Here is a simple chart of EBAY. So what we have here is two regression lines drawn. One is a regression of the current trend to the present(blue). One that shows a regression line of the last swing move down starting at 10:27 on 12/31. Let's now consider both of these swing are of different timeframes work. So, our current swing is up, so say a trade long at 7:43ish(time). Now where do we target? Well, we could start with a target of where these to swings(timeframe traders) meet up. So note the purple and blue regression lines crossing around 14.40. Now at this point I would expect a bit of a battle, maybe one more attempt up and then a pullback to test the older timeframe(purple). so ideally we would could still be long and also be looking at a short at this point down to around 14.58 the tip of the purple timeframe. How could I want to be long and short at same time? Because it just depends on what timeframe your trading. In this example we traded the blue line long, but we can are trading the other timeframe short ,the purple line. On the second chart posted which is just a smaller tic size of the same chart. We get a clearer picture of the "battle" as the timeframes meet one another. This is I think A good way to start looking at markets and I picked EBAY at random. You can look at any chart the same. Any timeframe chart for that matter in the same way . Of coarse it's much easier to get more in to detail live then in a forum but hopefully it's helps some.

I respectfully disagree as each person has a criteria different from the next in terms of a decision process. As for what has proven most valuable a lesson taken from my trading is the attributes gained in learning,patterns,science,psychology, happiness,pain,social skills,confidence,power,humility, (the list is still growing), has been that one can never assess for another what is and what is not "valid" in a decision(in regards to trading or outside of trading). The above stated list and more, are still to this day developing from a passion for the markets.However the knowledge gained from study has proven most powerfull over and over in situations applied to my "longer term" lifestyles. Such a larger "fractal" picture then my wildest imagination could have prepared for as I studied my first chart.

Thats what I was trying to get at earlier. That market discovers price, tests,retreats,discover,support /res the whole nine yards so on and so forth. What I was trying to get at is that this can happens on every tf chart you look. To me this makes it a fractal approach worth investigating. The question then to ask one self from is then, "what timeframe do I trade?" So that question then gets leads one into money management, capital, goals, trading plan focus etc, in order to figure out what timeframe would be best suitable .

Its important I think they we don't get caught up in definitions of the words here but more in concept. Fractal is a loaded word and noise is the same. Just words. If we go on words we will get tripped up. It's all relative for an understanding of how the market is flows. Would we agree here that the market looks to discover new area, test, then decide to retreat or look again new price? Anyone not agree this is happneing over and over?

I agree, all these terms the terms are thrown around a lot. But more important then the meaning of the word is that one understands the point.I was saying in the chat the other day about having a hard time explaining "fractal nature of the markets" It can get really hairy and we could start getting mathmatically complicated, but unless your into that(which I kinda am) that could be boring as well as confusing. This being said I think having a general understanding of the point of fractals will help the timeframe discussion tremedously. So I tried to explain in a few times in terms of music that may help someone. Lets say we are counting beats . Like put on any rock song and count it out. You should notice in rock music it's almost always a pattern of 1,2,3,4 2,2,3,4, 3,2,3,4 4,2,3,4 well what if we wants to zoom out (fractalish part) and count this using only the bold numbers above. So I take out the BOLD numbers from above and write them out and I again have 1,2,3,4. So if your still with me you can see that inside of the count of 1,2,3,4, we have severals patterns of 1,2,3,4 Make sense? How is this in terms of trading. Well lets say a 15 minutes chart. We can think of it simply as 15 minute chart, or think of it as five 3 minute charts. (5*3=15) So if your actually looking at targets and support/res levels say on the 15 minute chart, zoom in on your timeframe by switching to watch price in a 3 minute chart to help you navigate around the "noise". Well anyway maybe this will help someone.

I think what he means is that lets saya a reversal of a LARGER timeframe can be looked at also as a breakout in a smaller timeframe(if the smaller timeframe is in fact making lh's and ll's,then the larger timeframe reverses, then it makes the smaller timeframe "breakout" lower) if your looking at it as fractals. Makes sense? great topic by the way.

RE All you need is a chart if that guy has anything to actually bring to trading he will show up in the live room. Something tells me he won't tho.

i strongly suggest looking at another vendor for your charting. Ib's charts are pretty bad. If you want to try a nice free solutions for stocks check out http://www.quotetracker.com/

If you want to lower the amount of trades you may want to consider looking at a longer timeframe then the one your signals trading off. Try to determine what the direction of the market on the bigger scale is before you decide to take a trade. This will help you to avoid "fighting" the longer term trends and therefore putting probability in your favor of the longer term move on the second half of your position.

Happy Holidays everyone. I am looking forward to 2009. I got to pick up some of that bastard ale .

I think most of the names have been banned now. But keep posting names here if you get pm's . I noticed also that they are all coming from names registered in afghanistan, so that might be helpful in searching them out.