Cisco-Futures MP levels

[traderbong 10]

Hi Guys,

 

I was going thru cisco-futures's market profiles and noticed that they calculate MP levels based on different time period. Their TPO period starts from 7:00am till 4:30pm(central). Obviously this will be result quiet different MP levels even though the volumes on those pre/after market activities are usually low. For those of you who are taking cisco-futures' class, any comments are appreciated. For those of you who are following MOM, what you guys think... Thanks,

 

 

Sample:

+-------------------------------------+

| OHLC Bars (30 minute) |

+-------------------------------------+

Period TPO Time Ticks First High Low Last Hi Time Lo Time

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

1 Z 0700-0730 69 12646 12650 12637 12637 07:12:31 07:29:31

2 $ 0730-0800 139 12636 12638 12624 12625 07:31:01 07:52:12

3 A 0800-0830 154 12626 12635 12615 12618 08:10:38 08:28:03

4 B 0830-0900 830 12619 12637 12611 12624 08:47:01 08:31:28

5 C 0900-0930 701 12623 12629 12597 12612 09:00:59 09:10:10

6 D 0930-1000 439 12611 12618 12592 12596 09:31:36 09:58:30

7 E 1000-1030 474 12595 12612 12594 12603 10:19:45 10:00:07

8 F 1030-1100 338 12604 12619 12604 12613 10:57:30 10:30:09

9 G 1100-1130 164 12611 12616 12608 12615 11:28:56 11:21:07

10 H 1130-1200 430 12616 12624 12597 12606 11:31:42 11:53:55

11 I 1200-1230 250 12607 12611 12598 12604 12:05:11 12:13:39

12 J 1230-1300 249 12605 12608 12595 12606 12:33:30 12:50:08

13 K 1300-1330 361 12605 12623 12601 12612 13:23:45 13:02:00

14 L 1330-1400 379 12615 12628 12614 12619 13:47:03 13:30:10

15 M 1400-1430 288 12618 12627 12616 12624 14:13:45 14:00:56

16 N 1430-1500 428 12625 12637 12617 12632 14:59:37 14:31:08

17 O 1500-1530 269 12631 12637 12626 12630 15:10:24 15:14:21

18 a 1530-1600 61 12631 12632 12623 12630 15:30:06 15:43:26

19 b 1600-1630 1 12628 12628 12628 12628 16:02:35 16:02:35

-----

Total 6024

 

+----------------------------------------------------+

| Meta-Profile Reference Points |

+----------------------------------------------------+

Commodity YM (MINI DJ 5 (CBOT)A/C/E)

Delivery Month H

Start 07:00

Stop 24:00

 

Count of Ticks 6024

 

Upper Value Area 12630

Lower Value Area 12602

Point Of Control 12618

 

Upper Initial Balance 12650

Lower Initial Balance 12624

Upper Range Extension 0

Lower Range Extension 12623

 

Volatility (Trd Frac) 16.4

Trading Fraction 100

Trade Facil Factor 5.61

 

TPOs above POC 137

TPOs below POC 170

Total TPOs 317

[traderbong 10]

I just realized that cisco-futures' tpo time period is totally customizable. I was scratching my head wondering why would someone use those particular period tpo. It turn out that default time period they used was that. :rolleyes:

[TinGull 10]

That's interesting. I was looking through trying to figure out what day you were looking at...then I saw the time being from 8 till 530est. I personally think that even though it's a 24 hour session, the profile should be formed by the bulk of trading which occurs from 930am est until close at 5:15. That's how I have my charts setup. The IB will vary hugely by having a start time of 8am. A lot of brokerages won't even let retail trade index futures until 9:30 too. Definitely something to take into consideration.

 

Chris