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

Well we've been up and down over the last week. I was still watching 63 as an area, but there was activity yesterday below there, contained by 60.75. Value over the past week and including yesterday is starting to develop a little more after not really being agreed upon. A possibilty is that it will become better defined before exploring new prices. I get the feeling, that money is being moved around here but not certain. I feel if this is the case, then we should become a little more orderly when it's complete.

 

I don't expecially like the 86.25 high or the 52.50 low and see them as "running out of fuel" in those areas. So my feeling is we could go either way or even both. I still feel a test of 92.50 NFP SOC is potentially critical and clearly we could reverse or continue from there. I don't know what today will bring, but where we open is always important to me. So it is a little early to be calling it. If we were to open now @~71.50, we'd be a little above the balance VPOC @66.50 but still within the "meat" of the developing value. This would indicate acceptance of these prices and may not provide immediate opportunity. On the other hand, when markets form value they end up "centering" on the high volume and that is frequently where the change in behaviour originates from. A break before the break if you like.

 

Above all, I'll see what the market does do to tell me where opportunity lies and hopefully bag more winners than losers ;)! An important note is that when the market is moving, yes you might catch an early move, but there's usually plenty of opportunity in the market to profit from.

 

attachment.php?attachmentid=28533&stc=1&d=1334656484

2012-04-17.thumb.jpg.25c50399bc64a878df890915365db65f.jpg

Share this post


Link to post
Share on other sites
Basically what I am saying is I feel bullish for tomorrow unless we see bad reports and was wondering how you guys felt.

 

Nikko

 

 

Hi Nikko,

 

Difficult to say right now.

 

I understand gosu's comment earlier that he looks for a strong downward movement (gosu, please correct me, if I'm wrong). I would agree here, if we take out yesterday's close. I would short here.

 

On the upside I see right now (globex session) potential to the 74/75 area, above that maybe to the 85 area for later today. However, the bigger downward movement can still come after that...

 

But then again, I am not good with my "longer-term" projections... lol

 

Also, this week is options expiry... markets behave sometimes strange during this week... at least from my perspective.

 

Regards,

k

 

EDIT: The most important news for today are out, I guess (Spanish bond auction demand... which was good and the German ZEW survey... above expectations). Today's other reports play only a role, if the released figures deviate A LOT from the expectations. Draghi's speech could have an impact.

 

:2c:;)

Edited by karoshiman

Share this post


Link to post
Share on other sites

Lots to be aware of right now. Eco releases, earnings reports, Euro Sov Debt yields (Spain but also Italy), opex week (as stated by karoshiman), North Korea, Obama on Oil markets later, blah blah blah.

 

So potentialy alot to be aware of :(

 

Btw for anyone who is interested, here is a nice little govt bond calendar:-

 

https://multimediafiles.kbcgroup.eu/ng/published/KBC/PDF/MARKTENZAAL/marktenzaal_pdf_weekly_KBC_Weekly_Government_Bond_Auction_Calendar_0900dfde8028b26b.pdf

 

From:-

 

https://www.kbcmerchantbanking.com/WPP/D9e01?t=~/wp_dealingroom

Edited by TheNegotiator

Share this post


Link to post
Share on other sites

* Thanks Karoshiman, good luck man!

 

* The Negotiator - That was a great write up! I think the volume indicator for the ask/bid is a great tool but for a day like today I tend to not concentrate so much on volume in general as we are going to have plenty of it. That being said I kept it simple with some support, resistance, trend lines and the speculation of reports. Sometimes it is just that simple. Volume was not that much of a concern for today.

 

I had some great executions this morning. I am still feeling bullish so let's see us test the 1400's and once we get there be careful!

 

Nikko

Share this post


Link to post
Share on other sites

What kind of trades are we looking for while day trading the ES? How many points?

This is a HUGE thread and just ventured in. If I read the thousands of entries will I find some specific market profile trades in here. I am an old guy and don't think I will live long enough to read this whole thing.

Thanks

Appears we are in a trending type of session at present and should close near the highs for today. If we take out yesterday high then we will make an attack on the recent high in the near future.

 

slick60

Share this post


Link to post
Share on other sites
Appears we are in a trending type of session at present and should close near the highs for today. If we take out yesterday high then we will make an attack on the recent high in the near future.

 

You MUST be old, because we have already taken out yesterday's, Friday's, and Thursday's high! :rofl: Just kidding my friend, welcome to the thread.

Share this post


Link to post
Share on other sites
You MUST be old, because we have already taken out yesterday's, Friday's, and Thursday's high! :rofl: Just kidding my friend, welcome to the thread.

 

Shit Josh, you're right. I was looking at the high of 2 days ago. And I am old, have cancer and am still trying.

 

slick

Share this post


Link to post
Share on other sites

I apologize right out of the gate for using and showing a chart of mundane lagging indicators in this thread.

Today had a great start if your were out of bed for the London open in the weee hours of the morning. As I show in the charts things came together just right and kicked off this trend day that we are now seeing. I use the indicators in conjunction with market profile. One scratches the other's back. Profile does not lead all the time and neither do the indicators. They do meld together and give some pretty nice signals. I have been posting a lot of these in the forex forum under EURUSD et al thread.

Getting tired of missing all the good moves in currencies and thought I might venture into here to see what pebbles of wisdom I might reap for some day time trading.

 

http://content.screencast.com/users/slick60/folders/Jing/media/1d33eaed-fbc5-4081-bd73-d8888f4a1d01/2012-04-17_1335.png

Good trading everyone!

http://screencast.com/t/uqFSQAbKzVz0

slick60

Share this post


Link to post
Share on other sites
"Reaction" means what exactly?

 

Unusually heavy or light volume, signs of buyers struggle. In short, something different from what we have seen all day long that would indicate sellers are more active than they have been.

 

Preferably, signs of rejection as evidenced by a sharp movement down in price.

Share this post


Link to post
Share on other sites

In the meantime, I will look to be a buyer. Yes, we are off of last week's high just here at 88.50, but it's not a strong enough rejection to make me think the buyers are quite done.

Share this post


Link to post
Share on other sites
I will be looking for a reaction at 90 / 92.

 

Well there should obviously be a big momentum pull either when when reaching near 1400, for someone not familiar with what is going on in the market I would recommend to call it a day as there will be some split second decisions coming up here shortly.

 

On a side note I personally am not looking to make big moves here as to me it feels as though we already should have made a decent profit for today as the set-up was clear and anything beyond this point will be a bit too emotional for me considering there is no reason for me to degrade the beautiful set-up for today with uncertainty as I do not feel as strongly as I did this morning. I still feel somewhat bullish but I think we need to relax unless your almost really know what is going to happen here shortly. A lot of volume with more then we can see!

 

Nikko

Share this post


Link to post
Share on other sites
Unusually heavy or light volume, signs of buyers struggle. In short, something different from what we have seen all day long that would indicate sellers are more active than they have been.

 

Preferably, signs of rejection as evidenced by a sharp movement down in price.

 

So...a reaction can be purely volume based with prices continuing in the same direction or a sharp move in price in the opposite direction without regard to volume?

Share this post


Link to post
Share on other sites

I can not read my posts as they have to be moderated so I do not know exactly what I said but I don't want to come off as telling seasoned traders not to trade I was just generalizing my comment toward the newer traders...

 

Instead of worrying about riskier executions maybe you should relax and take notes so the next time a situation like today ( news, speculation, etc ) comes about you can do the same thing and compare, and in no time ( a year or two ) you will come up with your own good idea of what might happen and when adding what you've discovered with your daily routine you can now have a much higher advantage on similar situations! It's all about building a proper arsenal from the beginning. Confidence is a great tool to success. I can't give you my formula unless you look at 1-3-5-10-30-60-120 charts etc and even then you don't momentum trade the way I do, matter fact no one can trade the same really unless your a robot so that is why it is important to take good ideas and implement them into your particular strategy and come up with something that works for you and your emotions etc.

 

 

Good luck,

 

Nikko

Share this post


Link to post
Share on other sites
So...a reaction can be purely volume based with prices continuing in the same direction or a sharp move in price in the opposite direction without regard to volume?

 

Well, the impact of volume on price is really all volume is good for, so the market's reaction is the primary thing. If lots of volume traded in a narrow range, that would be significant, and need not be immediately followed by a sharp move in the opposite direction. Likewise, a move to new highs on very light volume would be significant, even if it moves "a few" ticks instead of none at all. These are just two examples, and may be significant or not to different people.

Share this post


Link to post
Share on other sites
Well, the impact of volume on price is really all volume is good for, so the market's reaction is the primary thing. If lots of volume traded in a narrow range, that would be significant, and need not be immediately followed by a sharp move in the opposite direction. Likewise, a move to new highs on very light volume would be significant, even if it moves "a few" ticks instead of none at all. These are just two examples, and may be significant or not to different people.

 

OK. But these are things that can happen at any price. I was just curious what you meant by "reaction" in reference to 90/92.

Share this post


Link to post
Share on other sites

At the end of the day guys we all trade so different it would be hard for everything to be understood all the time but I too did not understand what was meant by " reaction " except for the fact of the volume increase in those areas.

 

Anyway we just need to stay positive and help each other as I'm sure he knew what he meant by " reaction " but I'm not saying it is any of you or anything but in all honesty I see a lot of role playing on these forums. The best we can do is filter out the trolls and for those trading as a business or primary income to come together and add to the already growing community as for every troll, I do see good knowledge that has already helped me greatly.

 

Feel free to add me as a friend if you plan on sticking around for awhile and I will try to do the same. I am new but if your in it for expanding your arsenal while contributing positive / helpful comments we will get along great. I'm not going to be able to mark my every execution but feel it could be nothing but beneficial to share my knowledge while hearing what others have to say besides my usual trader friends.

 

Nice to meet you all,

 

Nikko

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

    • 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/ 
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
×
×
  • Create New...

Important Information

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