ammo

another clue was 46 spu points down on 2 days and a consolidation day in the mid week,the uvol /dvol was changing places all day as to which one was dominating,first clue as that down trend had stopped,2nd was it wouldnt be a continuation or reversal with indecision about uvol/dvol,that sets up for an inside day which usuall sets its hi/lo in 1st 90 minutes,then you sel hi's and buy low's with a stop above or below hi/lo of day,these inside days if you can spot them are free money,you close your positions at the nip on the mrkt profile

i found this link on tl,i dont remember who posted it but thanks,http://www.trading-naked.com/articles-and-reprints.htm

read up on market profile and then get a notebook with graph paper and start hand charting the instrument u trade ,this will force you to concentrate on the market,it will help but its not everything,the other thing you must learn in a psych way is humility,you have to admit that with mastering ten mrkts and subscribing to the best gurus,as much knowledge as you can gather,you will still have a miniscule amount of the info thats out there and you will be wrong a majority of the time,with this attitude you will be happy to take small losses or no trade at all and protect your capital,learning how to take small losses will keep you in the game,problem is ,it takes so long to accept this way of thinking that you will lose a lot while learning. That sounds simple but it is one of the hardest things to improve at.There was a post on tl with a great list of resources for mp and other stuff,i will find it and repost.

thanks soul,i know its a lot of work but would love to see you continue this

when a gal buys a sweater,which does she enjoy more,buying it or returning it?

heres a free cup of coffee,go to youtube and search motivational speakers,there's a lot,watch one every so often to help you focus and think in a positive state

the nip on the chart represents where the most buyers and sellers were in agreement on price,the previous days untested nips show where most of them got short or long and would be anxious to get flat without a loss

on your ques about low volume and higher vol,pete stodlemier said if you sell a sweater(assuming you own a sweater store) at $30 and you sell out in one day,then you raise the price,eventually your selling 1 sweater a week for $150 so you lower the price til they start selling again,supply and demand,so on your mp chart where there is 1 letter at the top ,they only sold one sweater. You can see this with the chart,i don't know that you need volume indicators to confirm it.

i have a rule where i don't trade between 11 and 1,cst,i have a note taped to my monitor that say's "what time is it *******" to remind when i get faked out during this time period,there are about 3 days a month where it will trend in one direction all day,that is the exception to the rule on the time of day posted. I also watch for 1:30 when the oil closes and 1:50 it usually starts to make a move for the last hours trading. There is a soft rule among some of the larger houses that they don't trade the first hour,so at 9:30 the market will generally see an influx of orders

i;ve never seen his trading platform but he watches several time frames,he uses a weekly to get a trend and then reduces it to a daily ,hourly,30 min,10,5 ,3 ,2 min,i use different indicators,his was just easy to explain, if you put 4 charts of the es on your screen all using different time frames with the same macd indicator,it should be easy to watch

if you pick a few indicators and use them over and over you will notice correlations between the indicator and the markets reaction to it,that doesn't mean you will always know what the market is doing,but occassionally the market will follow your assumption based on that indicator and you will profit from it. One trader who gives a heads up on his trades and why he takes them uses the macd and 5 or 6 times a day he will take a few points out of the market. He uses divergence when the macd is making a mountain above zero and then a second smalller mountain . When the market is trending up and the mountains are going down he feels confident in selling it when the 2,3 and 5 minute chart lines are crossing over,that gives him an edge,the other thing he does is hold steadfast to a 2 or 3 point stop rule,if he gets stopped out and he still likes the trade he will reenter,but he never takes a big loss,i admire his discipline. That doesn't always set up but when it does he takes advantage of that edge

on that ytd i use the spx,no offense if you're a female,could be drew cary's chest,i can't keep track of all the abbreviations used for different meanings on the charts,with the int rate so low the near month is trading almost equal to the spx, if you go to charthub and search around you can find ytd charts of the spx market profile,currently there is cleavage at 1258,for some unknown reason we didn't fill there today,thats also (1259) a fib # for 1200 to 1311 retracement, its only a guess but its possible that when a # doesnt hit on the way down that there were so many buyers there that they stepped up their bid and we could rally the rest of the week,some elliott wave folks are looking at sep 3 area for a significant turn in the mrkt,its a cycle date

search the cboe.com web pages,there is a ton of free info there they want the business and want educated traders so they are glad to provide the material

think or swim is a great outfit with free extensive charting software,great for stocks and options,futures are best with spike trading,there t4 platform is lightning fast and easy to use,$4.75 a round turn with low intraday margins,you'll need 2 computers,one for charts with th or swim and another for 2nd acct for futures,think does futures but they are expensive,$7rt,and full margin

very generous post,thanks soulT

the truth is that you will likely never find those numbers and if you do you should be looking for several scenarios,akin to an nfl playbook,you know they are going to try and score ,you just don't know how,and they are smart enough to not tip there hand,from your home or office the amount of info you have on whats really going on wouldn't fill a thimble,so you need to trade the smaller or larger trend moves and try to time your entries,they have spent decades hiding the info you seek

sorry ,mistake on this link,last part is sc.scan not sc.com, sun trader can yo run that by me again,thanks

i go to this page a lot,http://www.stockcharts.com/def/servelet/sc.com and i look for the highest numbers,could u please tell me what filled black candles and hollow red candles are,?thanks

when a chart forms a ledge,in otherwords a flat top or bottom price with 3 or 4 ,1/2 hour stops at one price,that represents a large seller or buyer,on the mp chart that would be a pennant shape or boob shape where the top we'lll say ,is flat, and the bottom is a normal shape,looks like a boob with the top cut off,that means there is a large offer that will get taken out later in the day,traders can sell all day knowing that they can buy back at that price as long as that large offer is not filled,often times that offer represents a large house holding the price down so they can accumulate,when they meet there goal,they pull the large offer and the mrkt makes a new high,same scenario on the downside,these ledges are SELDOM there at the end of the day,its an indication that we will go higher if its at the top of your profile and lower if its at the bottom,there can be a few prices above or below,2 or 3,before it starts forming.those big orders usually dont come in until after the first regular hour of trading,seldom does not mean always,use disciplne

something you get with screen time is a feel,when your in a trade and you have a profit or a loss,you can feel the chances of it getting better or worse,if it doessn't feel right you know it's time to get out of that trade,regardless of your target or stop

the next ES res is 1280 and cleavage at 86 from the day of 7/2

uso trended up today from 10:30 to 1 pm chicago time ,using the 3 min bars u can draw an upper and lower rising trendline that worked beautifully,so those work. From 6/10/08 to 7/17 there was a horizontal line at 106.80 in uso that served as support with multiple touch's so that works,one intraday the other daily,they both work

i may have read it on tl,it doesn't matter where,some technician wrote that trendlines are to be thought of more as crayon lines,they aren't drawn with a sharp pen,i use both trendlines and horizontals and they each have their specified uses as do all tools,intraday the diagonal tl's work great ,the horizontals not so well,on a daily or weekly chart the horizontals work,i don't see any reason for argument here,screwdrivers work better on screws than nails,there was a lot of this hairsplitting over in trad2win and i notice a lot of people have moved over here ,please don't restart this posturing and grunting ,it does little for trading,and even less for the trad lab,it just makes for a lot of reading to find a tidbit of fact

jerry thats really as far as i've gotten with mp,on a 3 boob day ,we had 2 in the last 10 days,7/7 and 7/14,1 retraced all the way to cleavage under the first boob at 64,and the second one went back to just under the 1st cleavage off the bottom,1238,they were both down days. These are not to common,they show up in these market turning whipsaws ,i do use the p and the b patterns,the only thing i'm bringing up is the cleavage,its always there and no one has given it a fancy 3 letter term ,meanwhile i've been making a good coin on the return to it since i started using mp. Thats all i watch,p and b patterns,nips and cleavage, and when we retrace as we did recently i use the nips and cleavage and daily lows as points to get out of longs,mon,7/7 was a 3 boob day,we retraced from 1240 ,bottom of 3rd down boob to 1265,cleavage under 1st boob of day.the cleavage there is 61-64.Thats a retracement thru all the nips and cleavge so far,The next res if we go higher is the p shape on wed,7/7,the nip on that day is 72-3 and the high for that day is 78,if you combine this with daily trendlines,you will find more res there which is a good confirmation.I find mp useful for this last explanation and mostly for scalping,the small gaps and ledges and cleavage it leaves are great