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  roztom said:
N: Not sure if I read this right...avoiding a scratch before a trade.. :confused:?

 

Haha lol! You read it correctly Tom. What I mean is that it's important to trade in places where there are strong supporting reasons for doing so and so allowing the trade some space is a positive thing to do. If you get into more snap decision type trading in not such hot areas, you'll need to scratch more frequently- that's fine if you pay peanuts for your rt's like your buddy, but for many that just isn't the case. Plus I think you need very fast connections ideally near the exchange. You boys in Chicago shouldn't have too much of a problem slipping in and out of the ES(if you excuse the expression).

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  TheNegotiator said:
Haha lol! You read it correctly Tom. What I mean is that it's important to trade in places where there are strong supporting reasons for doing so and so allowing the trade some space is a positive thing to do. If you get into more snap decision type trading in not such hot areas, you'll need to scratch more frequently- that's fine if you pay peanuts for your rt's like your buddy, but for many that just isn't the case. Plus I think you need very fast connections ideally near the exchange. You boys in Chicago shouldn't have too much of a problem slipping in and out of the ES(if you excuse the expression).

 

I understand your point.. I always feel I can get back in and I don't mind taking a nick to manage risk..

 

Actually I should not have bailed on the original 64.00. It actually ticked an important number @ 63.00 plus I made an error..I did not highlight a MLVN 62.75 on my chart - which was there but I didn't see it which was support - my bad... fortunately it was not an expensive error...

 

I will always post what not to do as much as what I do... As I say the enemy is me... :crap:

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  TheNegotiator said:
My eyes. Lol sorry j/k. Well, I saw it on the DOM and a volume chart. The fact that it was right a primary potential long entry point made it relevant. I have considered MD before, but not too bothered by it for now.

 

You guys who can read the DOM, I can't - just too much coming at me... Also I did look into MD but once again too much input - I try to keep it to as little as I need and even then I wish there was less on my screens...

 

BTW, so far they ticked my limit @ 66.25 for a scale and OF COURSE nothing done yet... :helloooo:

 

Edit: Got filled.. :rofl:

Edited by roztom

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Post 1807 shows it Tom. 2500v(although anything between1-3k is okay). It just hugs the price for a bit and the VP extends at that price. Of course the change in the VP is going to be more obvious early in the session if you only have a session profile and that's why it can be useful to have maybe 30min profiles or less on a profile to bring up if you want to check what you think you saw.

 

Grinding up now...

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While I have 70.75 next up on the hit parade I "suspect" we might not get there...can't explain why unfortunately... we have 67.50 recent high up above and and GBX high @ 68.50.. and this market is just drifting up... so I am going to be looking at those areas to go flat eventhough there is more potential upside ..

 

:missy:

 

Edit: the reasoning is we have the recent High of Move at 67.50...Highs will be tested..there probably are some stops there AND you will get the breakout crowd so when I think about where to scale I have to consider the fuel on the other side... Also this market looks like it is in park so unless there is more buying this afternoon then it is possible we won't go anywhere until this afternoon or not at all - no clue - of course...

 

Just some Auction Theory...

 

Also this weekend we have G-20 meetings...I don't personally keep an eye on fundamentals other than important reports, etc. but others do so we might see some squaring up ahaead of the weekend and if we don't get going on the upside some potential rotation down... purely "speculation" on my part... :2c:

Edited by roztom

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Maybe. I think that either way, later on in the day there will be a directional attempt one way or the other. I think it could end up quite an important day for next week even if it just stays in the current range(or pretty much in the current range).

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  TheNegotiator said:
Maybe. I think that either way, later on in the day there will be a directional attempt one way or the other. I think it could end up quite an important day for next week even if it just stays in the current range(or pretty much in the current range).

 

I just edited my post to update just before yours..

 

N: Have you ever looked at the clock as I referenced in the 1/2 hour increments and the market expanding its range? I haven't formally analyzed it but I wonder if youv'e seen a pattern?

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  roztom said:
I just edited my post to update just before yours..

 

N: Have you ever looked at the clock as I referenced in the 1/2 hour increments and the market expanding its range? I haven't formally analyzed it but I wonder if youv'e seen a pattern?

 

Sorry, I don't follow. I think ES has jellified my mind, please explain :D

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  roztom said:
I just edited my post to update just before yours..

 

N: Have you ever looked at the clock as I referenced in the 1/2 hour increments and the market expanding its range? I haven't formally analyzed it but I wonder if youv'e seen a pattern?

 

Are you talking about the difference between each 30min highs and lows? i.e. if the market is expanding or contracting in terms of momentum?

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  TheNegotiator said:
Sorry, I don't follow. I think ES has jellified my mind, please explain :D

 

I have seen a tendancy for the market to "generally" move on the 1/2 hour... When we tested 64.00 the second time when 10a cst hit the volume came in and we lifted out of the consolidation at that side of the range...

 

At 10:30 ish we moved from 65.00 area to current HOD... It typically happens a few minutes in front or just after... If I have a position on that is just threading water those times can often make or break the trade... no scientific or anything..just a casual observation...

 

Lets see if J period 11:30cst does anything..

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  roztom said:
I have seen a tendancy for the market to "generally" move on the 1/2 hour... When we tested 64.00 the second time when 10a cst hit the volume came in and we lifted out of the consolidation at that side of the range...

 

At 10:30 ish we moved from 65.00 area to current HOD... It typically happens a few minutes in front or just after... If I have a position on that is just threading water those times can often make or break the trade... no scientific or anything..just a casual observation...

 

Lets see if J period 11:30cst does anything..

 

Oh. Yeah definitely. Either into or just past. I always keep an eye on the 30mins as I find that there are often attempts around them.

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  TheNegotiator said:
Oh. Yeah definitely. Either into or just past. I always keep an eye on the 30mins as I find that there are often attempts around them.

 

Good..so I'm not revisiting Woodstock.... ;)

 

 

BTw: This thing is so limp.. I have a resting order at 67.50 and then one last one - the "Hail Mary" pass... ...just in case we get going this afternoon up towards that 70.00 level but if you consider an extra 2.5 pts it often seems not worth the trouble..might be better to take it all off at 67.50... especially with this mornings action.... clueless..

but that's the plan...

 

One of the things I've learned to accept is "I know I Don't Know." eventhough I am very confident in my entries and scales... the only problem with the entries I am really floating in space when I put them on since the indicators I use lag so it is only after the fact that they support what I've done... if I don't get it then I will sometimes just bail and take a loss... Maybe I'll figure out how to do this better someday..but indicators lag so much that it can increase my risk by lagging the entry by 0.75 - 1.00pt so I step in front based upon my market read and I also have areas I wait for the market to come to.. it is waiting for the confluence of factors to align..

 

By using sense of smell I can keep my risk slippage off my area usually to a point or less vs doubling it or worse with indicator confirmation...hope this makes sense...

 

That 64.00 entry today is a good indication of it... twice.. :crap:

Edited by roztom

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It looks similar yesterday. Unfortunately, I don't know how to make IRT repeat the line every 30mins but start from 9:30am each day. So at the moment I couldn't realistically do a study on it. But it is interesting and I'll have a look later maybe to see if I can figure it out.

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  TheNegotiator said:
A cursory look at today shows definitly two 'decent' moves up starting around the 30min mark and most others seeming to eminate around the mid of the 30min periods(mid not every)

 

attachment.php?attachmentid=27580&stc=1&d=1330105728

 

Thanks for that.. I also watch 15m candles I can read that very clearly for the bigger interday picture..especially when there is rotation where the seing lows are for the stops..I align that with the VP to see where the volume is...

 

Yesterday Long..2.23.12

 

If you look at yesterday VP there were stops resting at 57.75 area.. I had gotten long in the 52.00 area and scaled out and then got long aagaiin at 58.00 3 ticks off the low of the rotation... I always anticipate that the market will probably rotate to get the weak hands out before continuing the trend... This is where I look to position for a continuation trade..If you look at 15m bars and VP you can see where that would align, imho... I also looked at the prices down there to see where the low volume price was (1356.50) so I knew that was the area to watch. In addition the RE up in the F period was violent...a lot of competition for ES... just a brief overview of what puts the trade together and then there is the actual setup when we arrive..

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  TheNegotiator said:
It looks similar yesterday. Unfortunately, I don't know how to make IRT repeat the line every 30mins but start from 9:30am each day. So at the moment I couldn't realistically do a study on it. But it is interesting and I'll have a look later maybe to see if I can figure it out.

 

BTW: I still haven't updated..it's still in Beta I guess.. Are you using any of the new features/indicators, etc?

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Trade update I am still sitting with my 64.00 long looking for next scale at 67.50... Stop B/E on the remainder... doing my nails and posting here since it is slow and the trade is on autopilot... :missy:

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  roztom said:
BTW: I still haven't updated..it's still in Beta I guess.. Are you using any of the new features/indicators, etc?

 

Do you know, I haven't really checked too much. I find the wavey profiles not so good and the idea that you can smooth volume out over price kinda defeats the object for me at least. I am using the dev VPOC which is very useful. b12 seems pretty solid right now if you were going to check it out at all. Of course the other option if you are nervous about the upgrade is if you have another/spare pc, release the IRT license on your current one then install it on the spare with the beta and play around. That way you can just release the license again after and revert back to 10.4.16 without changing anything. Just a thought. Seems to be a new features list for 10.5 here

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  TheNegotiator said:
Do you know, I haven't really checked too much. I find the wavey profiles not so good and the idea that you can smooth volume out over price kinda defeats the object for me at least. I am using the dev VPOC which is very useful. b12 seems pretty solid right now if you were going to check it out at all. Of course the other option if you are nervous about the upgrade is if you have another/spare pc, release the IRT license on your current one then install it on the spare with the beta and play around. That way you can just release the license again after and revert back to 10.4.16 without changing anything. Just a thought. Seems to be a new features list for 10.5 here

 

What is a developing VPOC? Can you post an example if it isn't going to cause you brain damage...

 

I can imagine if it colored the volume so you could see if it was getting close or show different intensity so you could see the difference more clearly instead of having to move your cursor over each price.. I don't like the heat thing... but that would help...

 

BTW: We just ticked 67.50..OF COURSE - nothing done... :crap:

Edited by roztom

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