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Rocky Mtn Trader

What Markets Can Be Traded with MP?

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I am currently studying MP...and have read the CBOT MP manual and Mind over Markets. I understand how and why MP works.

 

Besides the standard futures markets...ES, YM, and ER, does anyone trade with MP in other markets??

 

I think MP is a worthy asset and I am trying to impliment this into my trading. Although, I'm not convinced that the ES, YM, or ER is the best fit for MP?

 

Trading with MP in a more direct market, ie., soybeans, gold, etc.. seem to be more geared toward the whole auction process?

 

A person can make money in any market. For example, a 5 point movement in the ES equals a 50 point movement in the YM. 5 points in the ES is worth $250. 50 points in the YM is worth $250. It's all relavent.

 

Trading soybeans, gold, coffee, t-bills, or whatever, would also be relavent.

 

Im just trying to get some feedback on different ideas using MP.

.

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I believe alleyb posted a good reply to this question somewhere. Basically MP can be used with any market. Though you may find some markets that work better than the other. For example, I dont use MP methodologies on the Nikkei due to the huge gaps. This market is more of a scalp a few ticks type market. On the other hand, I use MP to spot levels and to determine where price is relative to value.... whether price is wanting to move out of value, whether price is being rejected above/below value, etc... for the Japanese Government Bonds.

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soultrader....

 

Do you happen to know if the Japanese Governement Bonds trade similar to the 10 year T-note?

 

I've been trying to follow the T-note and it seems to agree with the MP.

 

Any help from anyone out there would be appreciated.

.

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Not sure what you mean by similar... the JGB is relatively thin with bid/ask usually less than 20 lots. When the markets move fast, you can expect people to withdraw their bid/ask... it will usually catch you off guard and cause some slippage. Yesterday, my fill slipped a few ticks as I was trying to lean on a heavy bid... instead they pulled away causing price to drop 10 ticks or so instantly. Also note that 1 tick on JGB is roughly $100. So pretty big contract here.

 

But heres a very good snapshot of a composite profile on the JGB: http://www.traderslaboratory.com/forums/6/mp-trading-with-market-profile-3135-19.html#post40353

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