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

Whether you like trendlines or not, the market is buying at every touch of the trend line today, from the lows till just now. It's shallowing out though, so at least a false breakdown here can be expected IMO, usually after 5 touches it gets too easy so they have to shake some out. I hope so anyway, short from 99.25

Share this post


Link to post
Share on other sites
  joshdance said:
Whether you like trendlines or not, the market is buying at every touch of the trend line today, from the lows till just now. It's shallowing out though, so at least a false breakdown here can be expected IMO, usually after 5 touches it gets too easy so they have to shake some out. I hope so anyway, short from 99.25

 

Ouch... hmm, maybe I tried to outsmart the market ... :boxing:

 

... seems like those are the REAL stops... or is it initiative buying? hmm.

Edited by joshdance

Share this post


Link to post
Share on other sites
  joshdance said:
Ouch... hmm, maybe I tried to outsmart the market ... :boxing:

 

If we get through 1401.75 then 1402.50 ish or more...no clue ..I am looking to close my positions just before there... and not worry about the rest.. :missy:

Share this post


Link to post
Share on other sites

I will try to be smarter ONE more time, 1400.75, not going to start a live trade trail here, but just posting this as it was originally where I intended to short, got trigger happy earlier.

Share this post


Link to post
Share on other sites
  joshdance said:
I will try to be smarter ONE more time, 1400.75, not going to start a live trade trail here, but just posting this as it was originally where I intended to short, got trigger happy earlier.

 

You leaning on POC there as basis?

Share this post


Link to post
Share on other sites
  roztom said:
Yest POC 1401.00 xxx

 

I don't have anything close to a poc at 1401 yesterday tom ... it's the upper part of that distribution, but 1405.50 is my vpoc yesterday. 1400.00 is high volume price from yesterday in that distribution.

 

Basis is partly that distribution, partly that 1400s is last week's high (edit: and partly that it's the upper area of the balance area on the chart shown below). The early adopters (me here) are sometimes rewarded, but more often than not are punished for "guessing" so that's why I'm putting stop to 1400.75, and I'll try again if I get stopped out, because knowing this market anything can happen... but I'm counting on 97-98.

 

Here is a shot I took this morning before we got here.

03.20.2012-10.14.58

Share this post


Link to post
Share on other sites

Trend line buyers.... ah, I love these people (sarcasm if you can't tell). Probably lots of bots actually.

 

edit: I just closed this at 99.50, at least I made what I lost on the prior trade, and so I'm back to where I was. I don't trust that they won't mindlessly keep buying it so I'll just be safe and close and look to get in after the intentions become more clear. I really expect at least a breach of it below, but psychologically I will feel better by closing here for profit. For me as a discretionary trader, that part is very important, even if it minimizes profit on any given trade.

TL.thumb.png.c8dbe65a1c9900f53289c8675cc13cd2.png

Share this post


Link to post
Share on other sites
  joshdance said:
Trend line buyers.... ah, I love these people (sarcasm if you can't tell). Probably lots of bots actually.

 

edit: I just closed this at 99.50, at least I made what I lost on the prior trade, and so I'm back to where I was. I don't trust that they won't mindlessly keep buying it so I'll just be safe and close and look to get in after the intentions become more clear. I really expect at least a breach of it below, but psychologically I will feel better by closing here for profit. For me as a discretionary trader, that part is very important, even if it minimizes profit on any given trade.

 

COngrat's.. seems like you "danced" with the market very nicely today...

Share this post


Link to post
Share on other sites

BTW: I don't think it's a big deal if we post our trades & discuss what we do...

 

We know how to handle it..The only time it becomes an issue is what happened here a month or two ago with someone wanting trades being "called."

 

(God Help Them :helloooo: )

 

Otherwise there is really just a few of us here during the session... I think it's good..

 

Whejn you told me you were going to short - I stood on my head so I could see what you were looking at.... :rofl:

Share this post


Link to post
Share on other sites
  roztom said:
COngrat's.. seems like you "danced" with the market very nicely today...

 

Not really but thank you .. given that I bought 1 tick from the bottom I should be up more than I am now :-/ ... I think I stepped on the market's toes a bit today, or perhaps it's the other way around, in our little "dance" today :o

Share this post


Link to post
Share on other sites
  joshdance said:
Not really but thank you .. given that I bought 1 tick from the bottom I should be up more than I am now :-/ ... I think I stepped on the market's toes a bit today, or perhaps it's the other way around, in our little "dance" today :o

 

There was a CHVN down there @ 92.25..I don't know if you had the same number..

Share this post


Link to post
Share on other sites

Re: IRT Memory Leak:

 

I just got an email from Bill,..they found the problem.. I have a button for ATRS Stop and I had the thing turned on and the ATRS was causing the memory leak...

 

They are going to release a new ver tonight that will fix it... I don't use ATRS but have been experimenting with it to try to find a process to manage runners as you know...

 

I am not satisfied with any automated process so far....

Share this post


Link to post
Share on other sites
  roztom said:
There was a CHVN down there @ 92.25..I don't know if you had the same number..

 

Bingo... It is the third shaded region from the top on the chart I posted earlier.

 

Does it seem crazy to short one more time up here? Well, call me crazy, I'm looking for that nice 3 or 4 point rotation down to finish the day.

Share this post


Link to post
Share on other sites
  joshdance said:
Bingo .

 

It's funny I looked at it like a Deer in the headlights... I prefer CLVN's and have less confidence in CHVN's and I was short heading into that... so I was managing a short instead of getting long over there...

 

I can't walk & chew gum...:crap:

Share this post


Link to post
Share on other sites
  joshdance said:
Bingo... It is the third shaded region from the top on the chart I posted earlier.

 

Does it seem crazy to short one more time up here? Well, call me crazy, I'm looking for that nice 3 or 4 point rotation down to finish the day.

 

:confused: XXXXXX

Share this post


Link to post
Share on other sites
  joshdance said:
Does it seem crazy to short one more time up here? Well, call me crazy, I'm looking for that nice 3 or 4 point rotation down to finish the day.

 

Ok I'll consider myself lucky shorting this so many times after my initial long bias, I am out for at 99.50 and just going to observe the rest of the afternoon unless I see something very compelling. Got 1.5 on it, makes for a decent afternoon.

Share this post


Link to post
Share on other sites
  roztom said:
It's funny I looked at it like a Deer in the headlights... I prefer CLVN's and have less confidence in CHVN's and I was short heading into that... so I was managing a short instead of getting long over there...

 

I can't walk & chew gum...:crap:

 

Well, the trade was triggered by what I saw on the volume/tape. I also was looking to buy 94s based on low volume area as the chart shows, but the order flow was not right for it there. Hard to buy in the face of that selling and sometimes I get run over, but sometimes I'm right.

 

 

 

  roztom said:
:confused: XXXXXX

 

What is this in response to?

Share this post


Link to post
Share on other sites
  roztom said:
Lovely... BTW: what kind of dance?

 

Well, I think today was kind of a Paso... or maybe a Tango. Rarely do we dance a soothing Foxtrot or Waltz, though I would like to be able to do that with the market more often. Today was ideal for it but I chose a different (more aggressive) dance instead. :rofl:

Share this post


Link to post
Share on other sites
  joshdance said:
Well, I think today was kind of a Paso... or maybe a Tango. Rarely do we dance a soothing Foxtrot or Waltz, though I would like to be able to do that with the market more often. Today was ideal for it but I chose a different (more aggressive) dance instead. :rofl:

 

SO your dancing is Ballroom?

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

    • Thx for reminding us... I don't bang that drum often enough anymore Another part for consideration is who that money initially went to...
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • How long does it take to receive HFM's withdrawal via Skrill? less than 24H?
    • My wife Robin just wanted some groceries.   Simple enough.   She parked the car for fifteen minutes, and returned to find a huge scratch on the side.   Someone keyed her car.   To be clear, this isn’t just any car.   It’s a Cybertruck—Elon Musk's stainless-steel spaceship on wheels. She bought it back in 2021, before Musk became everyone's favorite villain or savior.   Someone saw it parked in a grocery lot and felt compelled to carve their hatred directly into the metal.   That's what happens when you stand out.   Nobody keys a beige minivan.   When you're polarizing, you're impossible to ignore. But the irony is: the more attention something has, the harder it is to find the truth about it.   What’s Elon Musk really thinking? What are his plans? What will happen with DOGE? Is he deserving of all of this adoration and hate? Hard to say.   Ideas work the same way.   Take tariffs, for example.   Tariffs have become the Cybertrucks of economic policy. People either love them or hate them. Even if they don’t understand what they are and how they work. (Most don’t.)   That’s why, in my latest podcast (link below), I wanted to explore the “in-between” truth about tariffs.   And like Cybertrucks, I guess my thoughts on tariffs are polarizing.   Greg Gutfield mentioned me on Fox News. Harvard professors hate me now. (I wonder if they also key Cybertrucks?)   But before I show you what I think about tariffs… I have to mention something.   We’re Headed to Austin, Texas This weekend, my team and I are headed to Austin. By now, you should probably know why.   Yes, SXSW is happening. But my team and I are doing something I think is even better.   We’re putting on a FREE event on “Tech’s Turning Point.”   AI, quantum, biotech, crypto, and more—it’s all on the table.   Just now, we posted a special webpage with the agenda.   Click here to check it out and add it to your calendar.   The Truth About Tariffs People love to panic about tariffs causing inflation.   They wave around the ghost of the Smoot-Hawley Tariff from the Great Depression like it’s Exhibit A proving tariffs equal economic collapse.   But let me pop this myth:   Tariffs don’t cause inflation. And no, I'm not crazy (despite what angry professors from Harvard or Stanford might tweet at me).   Here's the deal.   Inflation isn’t when just a couple of things become pricier. It’s when your entire shopping basket—eggs, shirts, Netflix subscriptions, bananas, everything—starts costing more because your money’s worth less.   Inflation means your dollars aren’t stretching as far as they used to.   Take the 1800s.   For nearly a century, 97% of America’s revenue came from tariffs. Income tax? Didn’t exist. And guess what inflation was? Basically zero. Maybe 1% a year.   The economy was booming, and tariffs funded nearly everything. So, why do people suddenly think tariffs cause inflation today?   Tariffs are taxes on imports, yes, but prices are set by supply and demand—not tariffs.   Let me give you a simple example.   Imagine fancy potato chips from Canada cost $10, and a 20% tariff pushes that to $12. Everyone panics—prices rose! Inflation!   Nope.   If I only have $100 to spend and the price of my favorite chips goes up, I either stop buying chips or I buy, say, fewer newspapers.   If everyone stops buying newspapers because they’re overspending on chips, newspapers lower their prices or go out of business.   Overall spending stays the same, and inflation doesn’t budge.   Three quick scenarios:   We buy pricier chips, but fewer other things: Inflation unchanged. Manufacturers shift to the U.S. to avoid tariffs: Inflation unchanged (and more jobs here). We stop buying fancy chips: Prices drop again. Inflation? Still unchanged. The only thing that actually causes inflation is printing money.   Between 2020 and 2022 alone, 40% of all money ever created in history appeared overnight.   That’s why inflation shot up afterward—not because of tariffs.   Back to tariffs today.   Still No Inflation Unlike the infamous Smoot-Hawley blanket tariff (imagine Oprah handing out tariffs: "You get a tariff, and you get a tariff!"), today's tariffs are strategic.   Trump slapped tariffs on chips from Taiwan because we shouldn’t rely on a single foreign supplier for vital tech components—especially if that supplier might get invaded.   Now Taiwan Semiconductor is investing $100 billion in American manufacturing.   Strategic win, no inflation.   Then there’s Canada and Mexico—our friendly neighbors with weirdly huge tariffs on things like milk and butter (299% tariff on butter—really, Canada?).   Trump’s not blanketing everything with tariffs; he’s pressuring trade partners to lower theirs.   If they do, everybody wins. If they don’t, well, then we have a strategic trade chess game—but still no inflation.   In short, tariffs are about strategy, security, and fairness—not inflation.   Yes, blanket tariffs from the Great Depression era were dumb. Obviously. Today's targeted tariffs? Smart.   Listen to the whole podcast to hear why I think this.   And by the way, if you see a Cybertruck, don’t key it. Robin doesn’t care about your politics; she just likes her weird truck.   Maybe read a good book, relax, and leave cars alone.   (And yes, nobody keys Volkswagens, even though they were basically created by Hitler. Strange world we live in.) Source: https://altucherconfidential.com/posts/the-truth-about-tariffs-busting-the-inflation-myth    Profits from free accurate cryptos signals: https://www.predictmag.com/       
    • No, not if you are comparing apples to apples. What we call “poor” is obviously a pretty high bar but if you’re talking about like a total homeless shambling skexie in like San Fran then, no. The U.S.A. in not particularly kind to you. It is not an abuse so much as it is a sad relatively minor consequence of our optimism and industriousness.   What you consider rich changes with circumstances obviously. If you are genuinely poor in the U.S.A., you experience a quirky hodgepodge of unhelpful and/or abstract extreme lavishnesses while also being alienated from your social support network. It’s about the same as being a refugee. For a fraction of the ‘kindness’ available to you in non bio-available form, you could have simply stayed closer to your people and been MUCH better off.   It’s just a quirk of how we run the place and our values; we are more worried about interfering with people’s liberty and natural inclination to do for themselves than we are about no bums left behind. It is a slightly hurtful position and we know it; we are just scared to death of socialism cancer and we’re willing to put our money where our mouth is.   So, if you’re a bum; you got 5G, the ER will spend like $1,000,000 on you over a hangnail but then kick you out as soon as you’re “stabilized”, the logistics are surpremely efficient, you have total unchecked freedom of speech, real-estate, motels, and jobs are all natural healthy markets in perfect competition, you got compulsory three ‘R’’s, your military owns the sky, sea, space, night, information-space, and has the best hairdos, you can fill out paper and get all the stuff up to and including a Ph.D. Pretty much everything a very generous, eager, flawless go-getter with five minutes to spare would think you might need.   It’s worse. Our whole society is competitive and we do NOT value or make any kumbaya exception. The last kumbaya types we had werr the Shakers and they literally went extinct. Pueblo peoples are still around but they kind of don’t count since they were here before us. So basically, if you’re poor in the U.S.A., you are automatically a loser and a deadbeat too. You will be treated as such by anybody not specifically either paid to deal with you or shysters selling bejesus, Amway, and drugs. Plus, it ain’t safe out there. Not everybody uses muhfreedoms to lift their truck, people be thugging and bums are very vulnerable here. The history of a large mobile workforce means nobody has a village to go home to. Source: https://askdaddy.quora.com/Are-the-poor-people-in-the-United-States-the-richest-poor-people-in-the-world-6   Profits from free accurate cryptos signals: https://www.predictmag.com/ 
×
×
  • Create New...

Important Information

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