Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

naer889

Off-topic Posts

Recommended Posts

Note: The posts in this thread are not necessarily disruptive or negative. Rather they are more often written by people who have not yet read the material, have not read the thread, or don't know what forum they're in. Therefore they are simply beside the point, the point being to focus on the material and put it to work.

 

Db

------------------------------------------------------------------------------------------------------------------------

 

Very interesting documents.

 

I'm basing my trading on balance/imbalance, prefering those areas in which suppourt becomes resistance and viceversa.

 

Do you know any indicator that traces these role changes?

 

Thanks a lot for your help, I hope to contribute a lot in this forum.

audusdm30.thumb.png.48985a000f07d1f4bb09fb86840198dc.png

Edited by DbPhoenix

Share this post


Link to post
Share on other sites
Very interesting documents.

 

I'm basing my trading on balance/imbalance, prefering those areas in which suppourt becomes resistance and viceversa.

 

Do you know any indicator that traces these role changes?

 

Thanks a lot for your help, I hope to contribute a lot in this forum.

 

No, no indicators and no S/R in the usual sense. The purpose of the thread is to implement the SLA trading plan (see the first post). You may want to open up a journal here if you want to pursue it. However, if you attempt to implement the plan and use indicators at the same time, they will be at cross-purposes with each other and you most likely be unsuccessful.

Share this post


Link to post
Share on other sites
Very interesting documents.

 

I'm basing my trading on balance/imbalance, prefering those areas in which suppourt becomes resistance and viceversa.

 

Do you know any indicator that traces these role changes?

 

Thanks a lot for your help, I hope to contribute a lot in this forum.

 

Just my 3 Cents. I don't trade 30m charts (only D1, W1, M1) to find out where the price is heading. On the 30m thre are too many levels, too confusing and not significant unless in confluence with a level on at least a daily but much better a weekly or monthly chart. It's easy, go to M1, W1 charts and draw the major levels and then work your way down to the daily. As those levels are more significant and don't change frequently you really don't need an Indicator. When I draw the levels I change to a line chart as it makes it much easier to spot those. The only additional thing I do is to look for fresh levels of Demand Supply as I go along.

To spot those of course you need a candle stick or Bar chart if you like that better. Again, this is the way I trade. Nothing spectacular but it works fabulously. Trading is quite simple, it's usually us who make it complicated.

Share this post


Link to post
Share on other sites
No, no indicators and no S/R in the usual sense. The purpose of the thread is to implement the SLA trading plan (see the first post). You may want to open up a journal here if you want to pursue it. However, if you attempt to implement the plan and use indicators at the same time, they will be at cross-purposes with each other and you most likely be unsuccessful.

 

 

Ok perfect. I went through the first lines and seems to be very interesting, I'll keep reading through the weekend.

Share this post


Link to post
Share on other sites
Just my 3 Cents. I don't trade 30m charts (only D1, W1, M1) to find out where the price is heading. On the 30m thre are too many levels, too confusing and not significant unless in confluence with a level on at least a daily but much better a weekly or monthly chart. It's easy, go to M1, W1 charts and draw the major levels and then work your way down to the daily. As those levels are more significant and don't change frequently you really don't need an Indicator. When I draw the levels I change to a line chart as it makes it much easier to spot those. The only additional thing I do is to look for fresh levels of Demand Supply as I go along.

To spot those of course you need a candle stick or Bar chart if you like that better. Again, this is the way I trade. Nothing spectacular but it works fabulously. Trading is quite simple, it's usually us who make it complicated.

 

This is exactly what I'm doing, trying to trade the Major TFs as benefits are greater than those made on Minor TFs. The thing is, my learning curve was positively influenced by trading on 30", but I haven't got a chance to replicate this trading style into a D/W/M basis, as it has been difficult for me to clearly identify demand or supply areas/levels. Due to this, I found myself comfortable by trading these areas only if they become areas of potential rejection after imbalances, and that's the reason I'm looking forward to an indicator that helps me tracing these levels in which price could react.

 

Thanks for your advice, I'll keep following you guys.

 

(Sorry if my english isn't the best)

Share this post


Link to post
Share on other sites

I posted a thread recently called 'Accumulation Vs Redistribution' where I commented on my difficulty on distinguishing between the two phases. I must admit I failed to reply as I was hard headed and set in my ways. VSA made sense to me but I always had a few niggling worries about concentrating on each bar religiously and its volume. I've started to read the 400p Wyckoff book posted on one of the stickies and its already made me change my mindset towards SLA and Wyckoff Theory. I have been contemplating using a line chart for a while with volume and it just makes sense but I won't go too far left yet and I'll look for HLC bars for now. The mindset of 'If A then B' definitely limits you.

 

What I understand is volume only works in certain key areas like Support, Resistance or Previous areas of a push through support or resistance. Volume everywhere else essentially means nothing. Whether price is in Accumulation (automatic rally after 'climax') or Redistribution (rally in prep for a break of 'climax' lows) is mainly down to price action and tug of war between buyers and demand.

 

Its good to remain open minded.

Share this post


Link to post
Share on other sites

Fear is red and greed is green; if you use candlesticks. You can measure its intensity by the volume associated with it. The best place to capitalize on it are breakouts and breakdowns with increasing volume, requires timing and the tape/chart.

 

You can see any breakdown or breakout, how people just die to get into it at the earliest, that's the wildest display of greed and fear. Its alright to be greedy and fearful, however; only at the right time as wrongly timed greediness makes you fearful and vice versa

 

Only as a suggestion, if you can identify it on the tape, you would love to see it on charts or else watching it only on charts is gonna frustrate you as it would be too late to capitalize on that assertion.

 

Watching the fear within myself makes me see things impartially

Share this post


Link to post
Share on other sites
Fear is red and greed is green; if you use candlesticks. You can measure its intensity by the volume associated with it.

 

Not really . . . For every trade there is both a buyer and a seller. When you see that big green candle and a massive volume spike, you need to remember that every one of those GREEDY buyers was counter-partied with a PATIENT seller.

 

And were they really being GREEDY, scrambling to get long into an upward price move, or were they really FEARFUL, scrambling to bail on a losing short position?

 

Watching the fear within myself makes me see things impartially

 

That's probably a better approach.

 

If you want to get more analytical, you can break the volume down into trades executed at BID and ASK, and then find probability distributions that describe whether these trades were likely establishing new positions (useful information: you know how other traders are positioned and how they might behave depending on how those positions play out) or exiting existing positions.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

In finance, dark pools of liquidity (also referred to as dark liquidity or simply dark pools or black pools) refers to private forums and exchanges for trading securities that is not openly available to the public.[1] [2] The bulk of dark pool trades represent large trades by financial institutions that are offered away from public exchanges like the New York Stock Exchange and the NASDAQ, so that such trades remain confidential and outside the purview of the general investing public.[3] The fragmentation of financial trading venues and electronic trading has allowed dark pools to be created, and they are normally accessed through crossing networks or directly among market participants via private contractual arrangements.

 

To continue:

Dark liquidity - Wikipedia, the free encyclopedia

Share this post


Link to post
Share on other sites
i read that insiders can hide volume by using something called 'dark pools.' what exactly are dark pools, and how do we counter this trick? Thanks

 

Hi Lightstar,

 

Great question!

 

Firstly, I recommend Scott Patterson's highly enjoyable and non-technical book 'Dark Pools' for an explanation of these order types and exchanges.

 

A dark pool is simply an exchange that is 'dark' - by which it is meant that not much information about what is traded there is available. Information about when and how much you or any other trader is prepared to trade is invisible.

 

Dark pools are less regulated, which means they tend to support all manner of dubious order types.

 

Consider this scenario: you're watching the ES futures contract with price and volume. Suddenly, the market begins to fall sharply on very low volume. How? What might be happening is that large sell orders in underlying and closely arbitraged products on other exchanges including dark pools are being executed. The ES keeps tandem with these changes - some participants begin to sell it short in anticipation of the drop, and everyone else who is 'informed' steps out of their way rather and pulls their bid . . . a low volume sell-off, where the true volume was done in a dark pool.

 

Hope that helps - I'm no expert!

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

0837: While most do not like to trade pre-market for some reason, I should point out here that we came within 2pts of the UL after the Claims reports. This provided a legitimate short op. Whether it succeeds or not is of course unknowable. (Edit: short entry came 17m later)

 

If it wasn't for my darn prep work (which of course has to be done! ;) ), I would have seen this lovely short as marked on the attached chart. It is reassuring to see my thinking is in line with what you are saying and so that bounce at 3618 being the upper line was perfect for looking for a short.

 

Edit: The offical entry might even be a few ticks higher if you followed the crest up, this is just where I saw it when I glanced over.

5aa7121b40726_SH_Apr.24201406_12_55.jpg.5d494c583a87666048d7d481e8a7878b.jpg

Edited by k p

Share this post


Link to post
Share on other sites
If it wasn't for my darn prep work (which of course has to be done! ), I would have seen this lovely short as marked on the attached chart. It is reassuring to see my thinking is in line with what you are saying and so that bounce at 3618 being the upper line was perfect for looking for a short.

 

The purpose of the prep, of course, is to find these opportunities before they happen. It isn't possible to trade hindsight.

Share this post


Link to post
Share on other sites
The purpose of the prep, of course, is to find these opportunities before they happen. It isn't possible to trade hindsight.

 

Absolutely! I find I'm waking up too late, but for me being on the west coast, its already early enough. The best entries happen easily an hour or more before I wake up. And I love love love, the best entries. You can really sit through many RETs much more comfortably when you're in at a much better price.

Share this post


Link to post
Share on other sites
Absolutely! I find I'm waking up too late, but for me being on the west coast, its already early enough. The best entries happen easily an hour or more before I wake up. And I love love love, the best entries. You can really sit through many RETs much more comfortably when you're in at a much better price.

 

All this could have been done yesterday evening. This is the same chart posted over the last two days.

Share this post


Link to post
Share on other sites
Well, a VREV at PDL was not what I expected :doh:

 

I found it interesting how we blew through the bottom of the channel so easily. The low at 45 I had in my sights after the channel bottom was gone.

 

In a way I'm not surprised because this huge rise up yesterday all happened after hours, so there was so much airspace on the way up. Not sure if this can be taken into account though.

Share this post


Link to post
Share on other sites
I found it interesting how we blew through the bottom of the channel so easily. The low at 45 I had in my sights after the channel bottom was gone.

 

Did you trade it?

........................

Share this post


Link to post
Share on other sites
Did you trade it?

........................

 

I did not Db. Even after the discussion about the first entry, there was of course another good one at 9:25 at about 3610 just below the crest. I have no excuses, wasn't even fear really, I just didn't.

 

Oh.. and in terms of the bounce at 45 if this is what you are referring to, that is way trickier for me. Calling a bottom is hard, even though there was a very good reason why this price level might be it. Of course now its worth 20 points!

 

I won't be lost in CWS though or won't beat myself up. Its just more confirmation of the power of AMT, not that any more was needed mind you.

Share this post


Link to post
Share on other sites
I did not Db. Even after the discussion about the first entry, there was of course another good one at 9:25 at about 3610 just below the crest. I have no excuses, wasn't even fear really, I just didn't.

 

Oh.. and in terms of the bounce at 45 if this is what you are referring to, that is way trickier for me. Calling a bottom is hard, even though there was a very good reason why this price level might be it. Of course now its worth 20 points!

 

I won't be lost in CWS though or won't beat myself up. Its just more confirmation of the power of AMT, not that any more was needed mind you.

 

All you have to do is follow the protocol.

 

For the time being, I'll move your posts to the Off-Topic file. If and when you decide to open up a journal, I'll transfer them there. However, if you continue to pursue whatever it is you're pursuing rather than follow the protocol, there's really no point in your posting here. If that seems brusque, sorry, but I don't want another 1000-post thread that goes nowhere.

Share this post


Link to post
Share on other sites
All you have to do is follow the protocol.

 

For the time being, I'll move your posts to the Off-Topic file. If and when you decide to open up a journal, I'll transfer them there. However, if you continue to pursue whatever it is you're pursuing rather than follow the protocol, there's really no point in your posting here. If that seems brusque, sorry, but I don't want another 1000-post thread that goes nowhere.

 

I fully understand, and thanks for the heads up about moving my posts. My journal at ET is enough, so I will stick with that.

 

What I am attempting to pursue is what you're teaching, execution is my last hurdle to overcome. I might not take every SLA based trade though as right now I'm just focusing on the open, and especially on the extremes as outlined by AMT, and of course the ranges and means. Opening my eyes to the areas where traders are no longer able to find a trade, the rejections, its all just gold.

Edited by k p

Share this post


Link to post
Share on other sites

Hello again! I started searching internet for some more info and I have found sth like this : Price, (Volume), Support, Resistance, Demand, Supply . . . (Abridged) - Page 2

 

I see some from this charts in this topic, are they yours? I have about 20 of printscreens on my hard drive and in this topic there is few only. where did you post more of them? tjis is very good stuff

 

Thank you. Yes, it is mine. You can read the Wyckoff thread and find more there. If you'd rather not work your way through 5000 posts, you may want to buy my book.

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Hi guys,

 

I am not sure, if this is a good place to post my question, but I really would like to get advice from the Wyckoff croud rather than other parts of the forum.

 

I am learning to trade the NQ according to Wyckoffs teachings and DBPhoenix's modern interpretations. Now I have a few limitations and am asking for advice from you more experienced guys.

 

I have a day job and my trading plan needs to account for my limited time. I am based in Europe and trade the NQ in the evening on a 1 min time frame for about 60-90 mins each day. The corresponding market hours in the US are something like 2.30 - 4 pm.

 

I am a bit frustrated, since I have to play the less volatile part of the session. This leads sometimes to little success due to limited opportunities/small moves only. I am often times getting out breakeven, since I cannot let winners run due to the small moves. Does anybody trade these hours in the NQ?

 

My dilemma is really the limited time, so I don't want to start analyzing stocks and jump around to find opportunities. I want to trade ideally one instrument an a very short time frame for 60-90 mins per day.

 

Why?

 

I am wondering, if you had any advice, if I should do something differently in my position. Trade a different instrument? Or other advice?

 

Also I would like to know, what you guys think about level 2 data for emini futures? I know there are no market makers shown anyway, but you see the limit orders and size. Does this help at all for the NQ for example or is this information incomplete or useless? Does anybody here trade futures with level 2 information and how?

 

Useless.

 

WOuld be great to get some opinions! Thanks a lot!

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.