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

I see how you can say that because you see no transition from one bar to the next with hilo bars. But to me, I think that adding the open or close actually interrupts the flow. Who cares, on a 3000V bar, where the open and close is? I've explained my reasons for this in the "close of a bar is meaningless" thread so I won't repeat any of it here, but suffice it to say that marking where the last price traded every 3000 contracts traded does not give me useful information. I just need to see the extremes that printed, and with a small enough time frame like this I see the market flow, and adding the close and/or open only adds little "tick" marks to distract me! :)

 

I see form & structure in the bars as well as they tell me when a move is imminent... I initiate positions off what I read in the bars... OHLC help me see it...

Share this post


Link to post
Share on other sites
I see form & structure in the bars as well as they tell me when a move is imminent... I initiate positions off what I read in the bars... OHLC help me see it...

 

Most people do prefer them... to each his own my friend!

Share this post


Link to post
Share on other sites

Looks like the first trade of the day is gone : long..off the 1408 area ..

 

Probably going to stay range bound, IMHO in front of FOMC 1p cst...

 

I am going to be looking for tests of VPOC above and GBX low...should be ok for short rotations but ACH... 3 - 4 pts swings... ACH..

 

I am going to try to trade off extremes = outside in... Of course clueless.. I am also going to lighten my typical package to 2/3 and go for short target scales... This might be a envelope kind of day..

 

Just my 2cts -

Share this post


Link to post
Share on other sites

Took Short 1412.75 tatged 1410.75..ticked it...no fill :crap: dumped trasde second target was 1409.75 ish yest IBH... GRRR.. Flat ... :helloooo:

 

Edit.. I botched this trade took pennies when I should still be short first target would have gotten filled if more patient... for +2.00

 

Edit2: It ticked my second target 1409.75 would have not gotten filled there... :angry:

 

Either way I did mess this trade up... very annoying..

 

I guess there is some value in the thinking: Here's why I took short:

 

1. Yesterdays close shoed selling in front of FOMC... (NO Testes)

2. CHVN 1413.25

3. 15m bars from GBX had Flag projecting 1413.00 area...

4. Might get more Initial selling FOMC

5. Clueless...:confused:

Edited by roztom

Share this post


Link to post
Share on other sites

open well inside yesterday's range and balance, 75% relative volume, no directional conviction, FOMC minutes at 2pm ... good morning to watch unless something really jumps out at you IMO

 

That being said, the little grind at the open, followed by positive reaction since news looks to me like the market is trying to go north. Doing a decent, not great, job so far.

Share this post


Link to post
Share on other sites

I thought we'd get a bit lower 1408.75 IBH & single & MicroLVN 1408.75.. which is why I targeded 1409.75...

 

I think this is an Envelope kind of day - not something I really do but currently I might be done for day unless something jumps out...

 

If you are a envelope kind of trader this might be an ideal day to play that.. I already took a swing... but this is aligning with my envelope...3-4pt swings possible ...but that is not typically what I do but this seems like an ideal day for it...

Share this post


Link to post
Share on other sites

L 1409. 50 off IBH targeting 11.50 , 13.50

 

Edit: took first scale T2 now 1413.00 possibly 12.75

 

stop B/E...

 

Ticked 13.00 took 12.50... that is all I know.. flat..

Edited by roztom

Share this post


Link to post
Share on other sites
L 1409. 50 off IBH targeting 11.50 , 13.50

 

Edit: took first scale T2 now 1413.00 possibly 12.75

 

stop B/E...

 

Ticked 13.00 took 12.50... that is all I know.. flat..

 

Nice Tom, I also bought 10 and scaled 1/2 at 11.25, the other half at 12.50 -- it was up pretty fast after I took it so I didn't bother with posting -- but so far it's a great range trading environment. I usually do better here than in trending, but I have only taken that one so far.

Share this post


Link to post
Share on other sites
Nice Tom, I also bought 10 and scaled 1/2 at 11.25, the other half at 12.50 -- it was up pretty fast after I took it so I didn't bother with posting -- but so far it's a great range trading environment. I usually do better here than in trending, but I have only taken that one so far.

 

Talk of qe3 and further accomodation despite recent positive economic growth on the wires... could see strong movement up into and after FOMC, IMO.

 

Yes..my stuff has me off shorts for now... so twiddling my thumbs... I do think we are going to rotate around but the current bias is up at least until NVPOC or CLVN up there... :2c:

Share this post


Link to post
Share on other sites

I have bought 12.75, and looking for 14 and 17 ...

 

You never know what will happen today, this market is already bullish, talk of easing and accommodation could send this market to 1440, next major spx resistance.

Share this post


Link to post
Share on other sites

Yest IBH was "the" spot.. for longs..with these short targets ACH.. I'd just rather bank higher probability trades on a day like this...

 

If we rotate down for some stops before we hit some extended targets then I might take a long position but I will be long gone before we head into lunch .. :2c:

 

I will take long only if we still have something up above but that ship might have sailed already...

Share this post


Link to post
Share on other sites
I have bought 12.75, and looking for 14 and 17 ...

 

got 3 ticks on 1/2, and now a free trade, will bail at 12... I don't expect a profit here, just in case it wants to go, I'll be with it.

Share this post


Link to post
Share on other sites
I have bought 12.75, and looking for 14 and 17 ...

 

You never know what will happen today, this market is already bullish, talk of easing and accommodation could send this market to 1440, next major spx resistance.

 

Speaking of easing and accomodation, I wish this market would accomodate and ease up on me... :) I keep on getting hit on the blind-side so many times, I get scared to look sometimes...

 

So who's got the over/under for after the FOMC meeting? I could probably use that number... :)

 

CYP

Share this post


Link to post
Share on other sites

WTF: Stepped in front of that...missed my stop by 1 tick... not sure out of the woods here... still targeting rotation up hopefully will get scales ..if makes new low than DOA

Share this post


Link to post
Share on other sites

I want to buy here, but I am not encouraged but the lack of green so far... it seems a good time to ramp up strongly, and I think the green will come soon here, but I'd like to see it a bit earlier, when the low was made.

Share this post


Link to post
Share on other sites
Speaking of easing and accomodation, I wish this market would accomodate and ease up on me... :) I keep on getting hit on the blind-side so many times, I get scared to look sometimes...

 

So who's got the over/under for after the FOMC meeting? I could probably use that number... :)

 

CYP

 

lol CYP, I feel that way too sometimes.

 

GS is calling for further easing this quarter. I suspect that if the fed is positive on the economic outlook, thus mitigating the need for further easing at this time, that the market will react in a bearish way, despite a stronger overall economy. Just what my logic says, would be interesting to hear contrary opinions.

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

    • Date: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. 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. Andria Pichidi 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 FX and CFDs 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.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
    • LUMN Lumen Technologies stock watch, pull back to 7.43 support area with bullish indicators at https://stockconsultant.com/?LUMN
×
×
  • Create New...

Important Information

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