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

Looked a little "iffy" there for a while but the last pullback found more orders. Scaling out here 2 pts and moving stop to 1316. Time to walk the dog and stop watching this screen.

Share this post


Link to post
Share on other sites

Bouncing off Peak Volume (POC) here. Hopefully it will rally a bit then sell of f for next move down through 1305-1307 support and lower.

 

FYI, Wednesday BEFORE OEX day is often a Range Expansion day.

 

Update: It's 3:18 EDT and we're thru the IBL now and continuing down. I really think that 1300 is in the cards as that is a key test area of support for the past 4 days. If it fails to hold ... look out below.

Edited by bakrob99

Share this post


Link to post
Share on other sites

I see the price action as more bearish. I expect 1300 and then 1297 to be tested and if we don't find buyers stepping up then we could be in for much lower. This expiration may provide some market manipulation to confuse, but for me I will be watching the lower areas of support 1303.50, 1300 and 1297 and selling retraces to them if we break down.

 

Of course, this is only based on recent price action and the failure to extend the highs to logical areas. This certainly is not a trade recommendation - but be aware that Greece elections and other Euro events this weekend may have an impact on the willingness of traders to hold large positions.

 

Yesterday German bond sales were affected and the possibility that German costs (interest rates) will rise as traders realize that Germany will be adversely affected by any Euro result. If they come up with a rescue package Germany will have to finance it. If they don't Germany relies on Euro partners for over 40% of its exports. Either way - they're in a hard place.

 

For me, I find that in any given week I have maybe 5 or 6 really good long distance targeted moves that I need to be in and hold in order to make a decent return. All the other trades just cover themselves or make a bit. So this means - if I trade less but press it harder when I'm right and confident of the market's trajectory, I can really do much better.

 

Good luck with your trading and remember that this is a major expiration event taking place over the next few days.

Share this post


Link to post
Share on other sites
I see the price action as more bearish. I expect 1300 and then 1297 to be tested and if we don't find buyers stepping up then we could be in for much lower. This expiration may provide some market manipulation to confuse, but for me I will be watching the lower areas of support 1303.50, 1300 and 1297 and selling retraces to them if we break down.

 

Of course, this is only based on recent price action and the failure to extend the highs to logical areas. This certainly is not a trade recommendation - but be aware that Greece elections and other Euro events this weekend may have an impact on the willingness of traders to hold large positions.

 

There is uncertainty and a high degree of risk on both sides. I think the over-riding thought is that they can't let Europe fail and Greece will sort something out. But that's by no means forgone conclusion either. They could just say "enough is enough", default and leave the Euro. Who knows. What I see right now is a market which is in a wide balance. The lows are poor, but then the highs aren't great either. Given the lack of follow through to the downside last week, the higher volume dev could be accounted for by short covering into the Greek Weekend. However, I don't believe we should be reading it like you would in the normal technical manner. Until this weekend is over, all bets are off. Anything could happen.

Share this post


Link to post
Share on other sites

I'm liking the 13.25's from yesterday and overnight action. Then it's 16.75. If they can't hold buyers, it's going to be 20/21 next but I suspect there'd be at least a test of the 23's in that case. Failure at either of the first 2 levels and I would still like to see a test of the 1298.25's, although that's not to say we couldn't trend back to the middle towards the close(or even sell-off/rally lol).

Share this post


Link to post
Share on other sites

1307.25 just hit 22 minutes after setup. Sweet.

 

Now it can bounce and hopefully get back to the 13-14's

 

But Delta still too negative for me to do anything on the long side here. Watching now. That can change quickly though.

Share this post


Link to post
Share on other sites
1307.25 just hit 22 minutes after setup. Sweet.

 

Now it can bounce and hopefully get back to the 13-14's

 

But Delta still too negative for me to do anything on the long side here. Watching now. That can change quickly though.

 

Was a nice little setup from the 7.50's too. Maybe we'll get those 13.25's now.

Share this post


Link to post
Share on other sites

1320's still the line in the sand for Shorts.

 

Had to finesse a re entry into this upmove after the test lower and rejection of lower prices around 10:33. For me that signaled new highs likely, and the delta on the 5m chart changed positive right on time to make a low risk re entry in to the long possible, which hopefully will keep going.

Share this post


Link to post
Share on other sites

Here it is 2 1/2 hours later and lunch produced no magical giant push. In fact, the position shorts are still hanging on and if we break down thru 1316-1317 area we could see some aggressive selling. Stop at 1316. Hurry up and wait.

 

 

EDT 2:26 Back inside the IB here .... watch for a downside move.

Edited by bakrob99

Share this post


Link to post
Share on other sites
Here it is 2 1/2 hours later and lunch produced no magical giant push. In fact, the position shorts are still hanging on and if we break down thru 1316-1317 area we could see some aggressive selling. Stop at 1316. Hurry up and wait.

 

Yup. Highly balanced and waiting for a break either way. Considering where the balance is, I'm not sure that 23.00's are likely to hold and the recent activity above is pretty thin. Who knows :missy:

Share this post


Link to post
Share on other sites

Back to VWAP. See if buyers step in. Somehow I doubt it.

 

3:08 EDT Update: So much for doubt. Wow ! Pop amazing. Straight up. Man this new world price action is something to behold. Buy Programs hitting, stops being lifted, market orders being shipped in by the boatload. Right after the weak longs got out, myself included.

 

3:09 NEWS RELATED Central bank agreement to provide liquidity if needed after Greek Elections.

Edited by bakrob99

Share this post


Link to post
Share on other sites

So do we keep going up thru the near term resistance, or are we going to fall sharply as a result of the uncertainty and Euro matter?

 

On the Daily Chart of the ES here we are back at a Median Line which has been very in tune with the market price action over the past few months.

 

attachment.php?attachmentid=29456&stc=1&d=1339761700

 

If we can't take out June 11th high at 1342 and rally thru it then we are likely in for a down day and then who knows? 1220 - 1240 would be easily possible.

 

On the other hand, the Central Bankers seem bound and determined to provide liquidity in advance of the Greek election. And the G20 meeting is going on right at the most critical time. Interesting times for sure.

 

I don't plan to do anything other than what I normally do to make a daily income from the markets. But I especially will not be trading large size today as it is also Quad Expiration.

 

Stay liquid.

2012-06-15_0758_ES_DAILY_AT_ML.thumb.png.908467273381b7d376c739555b4b4dc4.png

Share this post


Link to post
Share on other sites

All in all, today I managed NOT to get chopped up which is my number one goal on OEX day. Linda R would be happy. There's been 3 pushes up so that's enough for me.

 

I am often re-Entering trends and today has setup perfectly for my style. What appears to be choppy is not really when you know what to look for. The key is to not let yourself get "excited" by the advertising of price. The big boys can't hide their volume and if I just follow it, things generally work out well enough.

 

Here's an example of what I like to see as a market meets its target. The 5Min delta chart shows obvious areas of volume buying, each of which have:

1. A Change in VolumeBreakdown to Positive from the prior bar

2. Three or more Delta prices in a row which are green represent aggresssive buying interest

3. That establishes a BUY ZONE which I will enter using a limit order at the top of it

4. A stop can go below the low of the Buy Zone

 

attachment.php?attachmentid=29460&stc=1&d=1339786017

2012-06-15_chart4.thumb.png.ed511ba701a6102cc7457b11650610e1.png

Share this post


Link to post
Share on other sites

The only thing I did today was get long towards the gap fill. After that, I've been sitting on my hands with absolutely no idea which way this thing is going to break. This consolidation for the past hour (it's now 12:34 EDT) will take us somewhere. Chart looks higher but who knows?

 

Anybody have any ideas?

 

I am watching value which has developed here at 1334-1335 range.

 

To the upside I have 1343 as my first target. Downside 1325.50.

Edited by bakrob99

Share this post


Link to post
Share on other sites

1st target hit in Globex, and likely 2nd target premarket. Gap from May 11 attracting price. The long side worked out well yesterday and all my trades were longs.

 

One day at a time.

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

    • YUM Yum Brands stock, nice breakout with volume +34.5%, from Stocks to Watch at https://stockconsultant.com/?YUM
    • Date: 3rd April 2025.   Gold Prices Pull Back After Record High as Traders Eye Trump’s Tariffs.   Key Takeaways:   Gold prices retreated after hitting a record high of $3,167.57 per ounce due to profit-taking. President Trump announced a 10% baseline tariff on all US imports, escalating trade tensions. Gold remains exempt from reciprocal tariffs, reinforcing its safe-haven appeal. Investors await US non-farm payroll data for further market direction. Fed rate cut bets and weaker US Treasury yields underpin gold’s bullish outlook. Gold Prices Retreat from Record Highs Amid Profit-Taking Gold prices saw a pullback on Thursday as traders opted to take profits following a historic surge. Spot gold declined 0.4% to $3,122.10 per ounce as of 0710 GMT, retreating from its fresh all-time high of $3,167.57. Meanwhile, US gold futures slipped 0.7% to $3,145.00 per ounce, reflecting broader market uncertainty over economic and geopolitical developments.   The recent rally was largely fueled by concerns over escalating trade tensions after President Donald Trump unveiled sweeping new import tariffs. The 10% baseline tariff on all goods entering the US further deepened the global trade conflict, intensifying investor demand for safe-haven assets like gold. However, as traders locked in gains from the surge, prices saw a modest retracement.   Trump’s Tariffs and Their Market Implications On Wednesday, Trump introduced a sweeping tariff policy imposing a 10% baseline duty on all imports, with significantly higher tariffs on select nations. While this move was aimed at bolstering domestic manufacturing, it sent shockwaves across global markets, fueling inflation concerns and heightening trade war fears.   Gold’s Role Amid Trade War Escalations Despite the widespread tariff measures, the White House clarified that reciprocal tariffs do not apply to gold, energy, and ‘certain minerals that are not available in the US’. This exemption suggests that central banks and institutional investors may continue favouring gold as a hedge against economic instability. One of the key factors supporting gold is the slowdown that these tariffs could cause in the US economy, which raises the likelihood of future Federal Reserve rate cuts. Gold is currently in a pure momentum trade. Market participants are on the sidelines and until we see a significant shakeout, this momentum could persist.   Impact on the US Dollar and Bond Yields Gold prices typically move inversely to the US dollar, and the latest developments have pushed the dollar to its weakest level since October 2024. Market participants are increasingly pricing in the possibility of a Fed rate cut, as the tariffs could weigh on economic growth.   Additionally, US Treasury yields have plummeted, reflecting growing recession fears. Lower bond yields reduce the opportunity cost of holding non-yielding assets like gold, making it a more attractive investment.         Technical Analysis: Key Levels to Watch Gold’s recent rally has pushed it into overbought territory, with the Relative Strength Index (RSI) above 70. This indicates a potential short-term pullback before the uptrend resumes. The immediate support level lies at $3,115, aligning with the Asian session low. A further decline could bring gold towards the $3,100 psychological level, which has previously acted as a strong support zone. Below this, the $3,076–$3,057 region represents a critical weekly support range where buyers may re-enter the market. In the event of a more significant correction, $3,000 stands as a major psychological floor.   On the upside, gold faces immediate resistance at $3,149. A break above this level could signal renewed bullish momentum, potentially leading to a retest of the record high at $3,167. If bullish momentum persists, the next target is the $3,200 psychological barrier, which could pave the way for further gains. Despite the recent pullback, the broader trend remains bullish, with dips likely to be viewed as buying opportunities.   Looking Ahead: Non-Farm Payrolls and Fed Policy Traders are closely monitoring Friday’s US non-farm payrolls (NFP) report, which could provide critical insights into the Federal Reserve’s next policy moves. A weaker-than-expected jobs report may strengthen expectations for an interest rate cut, further boosting gold prices.   Other key economic data releases, such as jobless claims and the ISM Services PMI, may also impact market sentiment in the short term. However, with rising geopolitical uncertainties, trade tensions, and a weakening US dollar, gold’s safe-haven appeal remains strong.   Conclusion: While short-term profit-taking may trigger minor corrections, gold’s long-term outlook remains bullish. As global trade tensions mount and the Federal Reserve leans toward a more accommodative stance, gold could see further gains in the months ahead.   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 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.
    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
×
×
  • Create New...

Important Information

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