Gordon G.

Come on guys, are you really comparing American muscle cars to pieces of art like Ferrari, Maserati, Lamborghini etc.? :rofl:

Thank you so much for your view, Shep: I like your way of analyzing market's behaviour! Also, bar following B nearly creates a bearish engulfing. Cheers

Goodmorning, thanks for your replies, tawe and shep. Tawe: great, when I saw it developing in real time I thought the same thing, but as I do not trade night session, I finally did not pay much attention to it. Shep: I did read Williams book many times now, not counting the VSA threads on this and on other forums, but I keep doing the same mistake. I posted a chart following your indications. At point A and B demand seems to be present but supply kept pushing the market down with less volume. I was so out of synch that I kept thinking it was only short covering or buying all day long. Have a great day.

Good afternoon, can anyone of the experts comment the 10' chart available ? It's a 10' chart of the mini dow 5$ ... I highlighted the bars that are with the trend and that have less volume than the 2 previous bars. Today I'm really lost. Thank you guys !

Hi Pivot, thanks for your charts ! I don't understand why you labeled the doji bar with "squat" ... while it has a narrow range, it doesn't seem to me that it has very high volume. Best regards.

Thank you Habi !

Hi Pivot, do you know Todd's blog address ? Thanks.

Hi James, yes, it was him. And he wrote other MP books as well, ending (but I hope this will not be his last book) with Steidlmayer on Markets. IMHO he's one of the real geniuses of trading who are still around. Mind over Markets is simpler, that's true. In any case I would read both the books. Have a great day, Michele

Thank you for this interesting explanation, Pivot ! Have a great day

Hi PivotProfiler, as regards Ultra Wide Spread Bar and the search for signals within its range, do you think it is worth considering also entries within narrow spread bars with ultra high volume ? Thanks

Hi PivotProfiler, if you mean "where would you have entered", I would reply at the close of the black candle following the 1st No Demand bar. However my stop would probably have been hit and I would have closed my position with a loss. Best regards.

Hi PivotProfiler, you have a PM Best regards

Sorry guys, I read now on Amazon that the expected release date is February 9, 2007. Best regards. Michele

Goodmorning folks, did anyone here read "Markets in Profile: Profiting from the Auction Process" (Wiley Trading) (Hardcover) by James Dalton, Robert Bevan Dalton, Eric T. Jones ? Have a nice weekend ! Michele

Ciao Antonio, thanks, I thought you had a method to identify the HVN, but it's ok not to be always too precise I think yours and James' analysis are to be considered together, like watching a 120' chart (like you did) and then going into details looking at 30' and 5' (like James did). From macro to micro. Best regards. Michele

Hi ant, thanks for your analysis. I have a question: how do you determine the high volume node ? I mean, you write that the high volume node of the bracket 23-31 november is at 1383.50-1381.75, but why not to consider it at 1384-1381, for example ? Best regards, Michele

Hi Torero, I just find useful for EU futures to look at the first 2-3 half-hours in relation to the previous day VA. Having observed the market here, you can trade responsively or not, depending upon the market conditions. Yours sincerely, Michele

Thank you Ant, you just gave us a very good tip ! It's the same for me ... it's the most difficult part of trading to decide when to switch from initiating mode to responsive mode ... considering that depending on this, different key reference points have to be taken into consideration. In fact, I was in error on ES considering the 23th and the 24th as a single unit, and took no trade on the opening when it tested the 24th VA. How James said, it's a very subjective matter. Best regards, Michele

Hi Torero, I like to call it "intraday swing trading", since I try to catch the (few) moves that give me a very favourable risk/reward ratio. I just play responsive in congestion and initiating in case of breakout. What about your style ? Ciao, Michele

Dear Torero, I made some trades on the GB (Euro Bund) because I like the way it behaves with MP and because it's liquid. I like as well DJ Eurostoxx 50 ... DAX is too heavy for me now. I use Global Futures as broker and place trades through Onyx platform (Rosenthal Collins). I'm sincerely satisfied with them. However, please note that I'm not a scalper and don't know how it works for high frequency traders. Hope this helps. Best regards. Michele

Dear James and Ant, thanks to both for your kind replies ! Ant, if I understood well your reply, you put a time limit to the trend (for example, 2 days of balance are to be considered so when considering the volume, but for the VA references you prefer to still look at these singularly - daily - because the "pause days" are not many and it can be considered a retracement). It's an interesting point of view ! "When a market is in a trend and then trades between two high volume nodes, this usually indicates that the trend is transitioning back to balance and a larger balance area might form" --> these are two 3:2:1 of opposite directions that would form a bigger time frame 3:1:3. Always found very fascinating this theory. To me Steidlmayer is a genius ! James, as regards the piece written by you “However, this is not the way I interpreted the markets. If you take a look at the action from 10/18 to 10/20 price is trading in a zone from 12000 to 12100. Therefore the lower bracket of the new zone as price broke above on 10/23 became 12100. Therefore the range was 12100 to 12180 for meâ€Â, I find it interesting as well: I talked to many people who uses MP and read nearly every book and article on MP, but I never heard of anybody using MP this way: thanks for sharing. (YM seems to have found support at 12100 while I’m writing) To me, the most difficult session to trade had been the 27th of the mini S&P … no reference points respected here , from what I can see … Have a nice day. Michele

Dear Ant and James, talking about the 25th (yes, I know: I arrive a little bit late), why do you consider the volume bulk of 23th and 24th together and the value area of these 2 sessions and not of the bracket (23+25) ? As regards the 27th, we saw a move down to the volume area created from the 23rd to the 25th. Which scenario would make us thinking a downtrend is taking place; a move under the volume bulk ? A move through the single prints of the 23rd ? Have a nice sunday ! Michele

Dear James and Ant, I found it difficult to trade the ES with MP reference points yesterday, probably because the markets were waiting for the FOMC ... don't know. Any idea of how to use MP in days like this ?

Thank you James !

Thanks for your detailed reply, James. I know, it was not an easy question and a textbook would not be enough to cancel every doubt. At point 1 in your reply you mention that you look at support and resistances given by the high/low of the previous day. Do you like watching other types of S/R ? Point 2 and 3: would you use these if not scalping ? Point 4: this is probably the most difficult part to explain. Entire posts on different trading forum are dedicated to this argument, however no one ever came up with a precise set of rules. Point 5: Do you use some particular software to identify big size trades or do you simply apply a filter to your T&S and take notes of the big size trades as these happen ? Have a great day ! Michele