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.

Recommended Posts

Too soon but I see no OTF participation, so I would suspect based on last 3 days, continued drift UP.

 

It rejected yesterday's range(and vetoed the gap close by 3 ticks!), then couldn't kick back off the 5.75 opening range low to test lower despite some decent selling after rubbish philly fed read(plus rev down), when it held the VPOC//5.75 on retest it looked like new highs to me. Like you said though, not much participation from OTF yet. I want to see if the IB high/Open area holds or not. Beyond current high there are a number of prices of interest over a range from 10.50-15. I have to say, that is never my favourite although it can be good if you don't get caught at the wrong level :)

Share this post


Link to post
Share on other sites

This market today to me is like, get on the right side (long), and just hope you get taken along for some profit. Not much logic really IMO. If it reverses against you, oh well, too bad... that's how it feels to me. Not that it's really a bad thing necessarily.

Share this post


Link to post
Share on other sites
This market today to me is like, get on the right side (long), and just hope you get taken along for some profit. Not much logic really IMO. If it reverses against you, oh well, too bad... that's how it feels to me. Not that it's really a bad thing necessarily.

 

Certainly see it the same way so far.. I had an entry at 1309.00 level but can't position that close to the 1310.50 CHVN and 1310.75 is a Micro node so they do provide some resistance if only temporarily... The 1310.00 is where I would scale a long but I could not enter 1309.00...so I am looking for a reaction/rotation but it may not happen... so I wait for the next bus to come along...

 

Regards Tom

Share this post


Link to post
Share on other sites
so I wait for the next bus to come along...

 

Regards Tom

 

This is kind of like, jump on the bus if you can, while it's moving :)

 

Most logic and levels and all that can be pretty well thrown out the window in this type of market. Just buy, pretty much. I'm waiting for some type of volume to show itself but it crawls up because no real sellers opposing it. Just look at the spx chart attached. If you were OTF, would you really short here for a position trade? Doubt it.

01_19.2012-10_51_55.thumb.png.66cfecd64769a504753499b75ee835a0.png

Share this post


Link to post
Share on other sites
This is kind of like, jump on the bus if you can, while it's moving :)

 

Most logic and levels and all that can be pretty well thrown out the window in this type of market. Just buy, pretty much. I'm waiting for some type of volume to show itself but it crawls up because no real sellers opposing it. Just look at the spx chart attached. If you were OTF, would you really short here for a position trade? Doubt it.

 

If I was OTF I would not short here but when the market gets too long that is when they will come in to flush it and rotate it to clean out the weak hands... there's paper under the market and it will typically go there to do business before it continues the trend.

 

I find the market does respect levels of former activity by the OTF and will return to those levels... to test - just my observation...

 

Of course the market does it's own thing.. and I try to stay aligned with it..

 

One thing I've learned is "I know I don't know."

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites

DVPOC shifted @ 11:09 cst from 1306.75 to 1310.25.. also the bids dried up - for the moment...so question to me at least is...will we now rotate or will the market push off higher from here? I don't know but we may balance up here for a while - don't know but if it does rotate I will be stalking a trade... Tom

Share this post


Link to post
Share on other sites
DVPOC shifted @ 11:09 cst from 1306.75 to 1310.25.. also the bids dried up - for the moment...so question to me at least is...will we now rotate or will the market push off higher from here? I don't know but we may balance up here for a while - don't know but if it does rotate I will be stalking a trade... Tom

 

Perhaps this is a good time to shamelessly plug the thread I started on a very related note yesterday :D

 

http://www.traderslaboratory.com/forums/market-profile/11711-price-acceptance-value.html

Share this post


Link to post
Share on other sites
Perhaps this is a good time to shamelessly plug the thread I started on a very related note yesterday :D

 

http://www.traderslaboratory.com/forums/market-profile/11711-price-acceptance-value.html

 

I just took a quick look at your thread... I am looking forward to see what kind of responses you get... Great questions...

 

BTW: Is that topic different from what is discussed here?

 

BTW, as I write this the mkt is rotating @ 11:28 cst... DVPOC shift did cut off the buying for a rotation... it's like the Limbo...how low can you go... ? :)

 

Regards Tom

Edited by roztom

Share this post


Link to post
Share on other sites

12:06: Observation: Mkt Held VWAP/& CLVN @ 1307.5 & most important, IMHO IBH @ 1308.25... I positioned on that rotation to scale at HOD and also target next CLVN 1313.25... so far this is classic profile trading... helmet on... :missy:

 

BTW: There is a naked close out there 1314.75... we could close that today..so I am shooting for the next CLVN 1313.25ish.

 

Regards,

 

Tom

Edited by roztom

Share this post


Link to post
Share on other sites
That was indeed a nice hold at VWAP/IBH etc.

 

Sure was...wish they all worked that way... I have minor resistence at 1311.50... I got my scale off at HOD 1311.00 but now am a bit "perplexed :) since it is lunchtime it may rotate again..I am trailing a tight stop to protect a few tics and will reposition if it rotates and the internals look ok if I get stopped... :crap:

 

Regards Tom

Share this post


Link to post
Share on other sites
2441.50 short the NQ here for a retrace from ST p2... at least a day hold.

 

I'll wash at 2441.25 if it reaches there and look to get a better entry above 2442.50.

Share this post


Link to post
Share on other sites

Right now I'm long 08.25 ES after a couple of failed tries prior. Serious selling here around vpoc at 10.50, but I will leave the stop at 08.75 for at least 2 ticks gain, I want to give this an opportunity to completely explode up, let's see what happens.

Share this post


Link to post
Share on other sites
Right now I'm long 08.25 ES after a couple of failed tries prior. Serious selling here around vpoc at 10.50, but I will leave the stop at 08.75 for at least 2 ticks gain, I want to give this an opportunity to completely explode up, let's see what happens.

 

be objective. if it goes, have a way of getting out if it reverses(other than ur nerves).

Share this post


Link to post
Share on other sites
possibly, although vwap is 8.75

 

Yeah it's just had many chances to break 10.50 and did not so far. When it's truly strong it should not be so difficult, but still in for now, time getting short now for a real move, it needs to go.

Share this post


Link to post
Share on other sites

Out 09.00, for a wonderful +0.75 ... I really do not like this market, sorry for the vent. Every other time (every) that I have bought at a similar location, I take the profit, and it goes straight up like a rocket. Not to be today. Normally I would see the heavy volume at 3:22 and be out, but I decided to be a "good boy" today and look what it got me.

Share this post


Link to post
Share on other sites
Out 09.00, for a wonderful +0.75 ... I really do not like this market, sorry for the vent. Every other time (every) that I have bought at a similar location, I take the profit, and it goes straight up like a rocket. Not to be today. Normally I would see the heavy volume at 3:22 and be out, but I decided to be a "good boy" today and look what it got me.

 

Good trade I was long in there to... 08.50 like you said it kept banging its head on the CHVN @ 10.50/VPOC so I took a point and called it macaroni... will watch cash close...

 

 

Tom

Share this post


Link to post
Share on other sites

Look at the absolute BS the market plays. 8 point range the entire day. Goes down 4.5 points after the cash close. Then back up 5 points. All within 15 minutes. I know it's not healthy to think, but it's frustrating when I want to absolutely strangle the big money traders who are manipulating and playing games with this market.

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.


  • Similar Content

    • By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards
  • Topics

  • Posts

    • BMY Bristol-Myers Squibb stock, nice top of range breakout at https://stockconsultant.com/?BMY
    • ENTA Enanta Pharmaceuticals stock watch, pullback to 7.26 double support area with high trade quality at https://stockconsultant.com/?ENTA
    • MWA Mueller Water Products stock watch, pullback to 24.85 support area with bullish indicators at https://stockconsultant.com/?MWA
    • META stock watch, with some good buying at the 626.2 triple support area at https://stockconsultant.com/?META
    • Date: 10th March 2025.   SNP500 Hits a 6-Month Low: Trade Policy & Recession Fears Weigh on Market`s.   The SNP500 completes a 3-week decline and falls to its lowest price since September 2024. The price continues to remain under pressure from President Trump’s trade policy. In addition to this, investors are becoming increasingly cautious about a potential US recession. SNP500 - Trade Policy and The Federal Reserve’s View On The Economy The US Non-Farm Employment data on Friday read lower than what analysts were expecting. However, the data does not yet indicate a recession. Investors are increasingly showing a lower risk appetite and cautiousness due to Trump’s trade policy on China, Mexico and Canada. The NFP Change read 151,000, 8,000 lower than predictions and the Unemployment Rate rose to 4.1%. The poor price movement is more driven by comments from the US President. Yesterday evening on Fox News, the US President addressed concerns about a potential US recession, advising the economy will undergo ‘a period of transition.’ However, some see this as a subtle warning of a short economic downturn. Though the Chairman of the Federal Reserve is taking a different tone and looking to reassure the market.     Mr Jerome Powell advises the FOMC is not expecting or worried about a US recession. ‘The US economy remains in a strong position despite heightened uncertainty,’ Powell stated at a University of Chicago event. He also said that sentiment readings have been a reliable tool for predicting consumption growth in recent years. ‘There is no need to rush, we are in a good position to wait for more clarity,’ was his answer to questions about interest rates. On the one hand, the SNP500 may witness support from the positive comments from the Fed regarding the economy. He also clarified that certain economic indicators are not predicting a recession regardless of the lower figures. However, the comments on interest rates and keeping them unchanged for a longer period can pressure the price of the index. Will The SNP500 Continue Declining? The FedWatch tool indicated a 92% chance of a pause in this month’s Fed Rate Decision, but the figure has risen to 97%. If the possibility of a rate cut continues to be unlikely in the near future, the SNP500 may continue to remain under pressure. Currently, the VIX, an index used as an indication of risk, is trading more than 4.00% higher. For this reason, the VIX continues to indicate a poor performance in the short-term. Asian and European indices are trading lower this morning as are US indices. As a result, the performance of the global stock market shows a ‘risk off’ sentiment. SNP500 - Technical Analysis The price of the SNP500 is currently trading 0.73% lower and gains bearish momentum as the European market opens. In the 2-hour timeframe, the price is trading below the main Moving Averages and VWAP. The index also remains within the ‘sell’ zone of the RSI and MACD. On the 3-minute chart, the price remains below the 200-bar SMA and sell signals may continue to materialize for as long as the price remains below this level.     Key Takeaways: The SNP500 has declined for three consecutive weeks, hitting its lowest level since September 2024. The main cause of pressure is from Trump’s trade policies and recession concerns. Weaker-than-expected US employment data raised caution. However, the Fed reassured markets, stating there is no imminent recession and no rush to adjust interest rates. The FedWatch tool now shows a 97% chance of a rate pause, reducing hopes for near-term cuts. Technical indicators suggest continued bearish momentum, with the index trading below key moving averages and remaining in the sell zone on RSI. 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.   Michalis Efthymiou 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.
×
×
  • Create New...

Important Information

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