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AgeKay

Your Thoughts on TradeMaven 3-2-1 Approach

Which of the "rules" has merit?  

42 members have voted

  1. 1. Which of the "rules" has merit?

    • Rule #1: low volume = S/R
    • Rule #2: high volume = attractors
    • Rule #3: MoMs
    • None


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Charles admits in the room that he is more successful trading the bonds, and the 10yr note, since is easier to place stops and the 10y bond has 50% less volatility, says there is more a relationship to cash, he thinks.. He says he finds it almost impossible to find good stop levels on the ES. Yes it does bother me that all of a sudden every bar has an indicator of something on it, so when they point the indicator out in the room, I just think right!! As I was educated on MP (don't know if I learned anything) the mechanics was that the market tended to mostly not trend and revert back to the mean.. The market profile of previous days seems to make sense to me.. Why there are these low volume areas is a mystery to me, other then no trade there, but why??? dont have a clue. The fat area in the middle makes since, since the MP is like a moving average with a continuous time frame. Support and resistance for the next day is developed from the end of day MP max peaks and max valleys , the the second max, 3rd max. If the market gaps up or down overnight????? I'm a mechanical person, just by personality, so I'm trying a adapt the MP as a verifying feature for a mechanical system. I get in trouble at the ends (new highs, new lows) thinking that the market can't go higher or lower and the MP theory normally says its gonna rotate back,, then it curtains for my trade when it breaks out.

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