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 have seen enough people who are consistently profitable who don't "know why" to make me believe that knowing why isn't the holy grail that some make it out to be.

 

Knowing the kind of reference points which a market reacts to, identifying the auction structure and watching how the market behaves at said reference points is the important thing for me.

 

Knowing is useful, doing is better.

 

Agree N -- I know that we can never know why the market really does anything, because there are an infinite number of possibilities and directions it may take. I just want to be sure that I'm not taking a "buy at XYZ line" approach. I realize that's not what anyone is saying to do, and that it's simply a potential area to watch . So, I will watch, and act accordingly.

Share this post


Link to post
Share on other sites

Done for the AM session.....the move from 1303.50 seems to have topped out just shy of

1310

 

and that coincides with the beginning of lunch hour in NY

 

Couple of observations...first, once certainly can know "why" things happen....however from a professional standpoint what matters more are the statistics....does the event display predictability.....what is the risk....and then the details....what is the average favorable excursion after a test of the "xyz line".....does it happen every day....every other day....only at the open

 

For me, once I obtain a minimum number of data points, if the stats are right I am going to hit it until things change....one thing that I know works is an aggressive approach.....once you have the numbers in your favor, take the trade until they make you pay....if you have done your homework...and interpreted the numbers correctly....you will have made enough money on the trades to justify the risk...

 

Now I need to get some sleep

.

Share this post


Link to post
Share on other sites

What can I say. Don't fade the Fed? We broke higher yesterday out of pre-FOMC balance and if there's any retracement, there are some nicely defined areas to look at trading. However, we are looking like we will gap up on open both from RTH close and RTH high. There's less in my longer term profile up here although still some good points of interest. will have to change the start date if it takes 1350.25 out at any point(although the usefulness of such old data might be questionable). Anyway here's a plain old chart with zero annotations.

 

attachment.php?attachmentid=27199&stc=1&d=1327587820

2012-01-26.thumb.jpg.84873bbc9d5b4dbb1e0edfecc473eb76.jpg

Share this post


Link to post
Share on other sites

When(if) we get there, the VWAP is going to be in close vicinity of the IB Low which is also low vol for the day. I'd be interested to see what happens. Reject and I would hazard a guess at new LOD, no reaction to clear break I would think would be more conducive to balancing.

Share this post


Link to post
Share on other sites

I did not post this earlier so feel free to disreagrd it...

 

I had a NVPOC 1329.50. The only thing relevant here is that it is a MP area or target..

 

And NO, I did not get short up there..

 

Regards

 

Tom

Share this post


Link to post
Share on other sites
I did not post this earlier so feel free to disreagrd it...

 

I had a NVPOC 1329.50. The only thing relevant here is that it is a MP area or target..

 

And NO, I did not get short up there..

 

Regards

 

Tom

 

Was looking at that too given gap close at 29.25 as well. Didn't take it as it was pushing there into 10am figs.

Share this post


Link to post
Share on other sites
Was looking at that too given gap close at 29.25 as well. Didn't take it as it was pushing there into 10am figs.

 

:crap: Same thinking here with the reports coming...Nothing like having the numbers but, at least for me I had conflict in my tools.. + reports. SO like many other times, until the market shows it's hand I must wait...

 

I did get on the short side and squeezed a few out of it and am still still lightly short looking for a test of the 1313 - 1314 area... and depending on how we rotate over lunch I may add postions back...

 

BTW: @ 11:54 cst ////dvpoc 1319.50 & CHVN @ 1319.75 are areas of interest but it is still early for the rotation...watching it..just fyi..

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites

I tend to find that when the market is moving like it is now, areas which should hold are taken out and move further until weak players relent. That's my feeling anyway whether it's orchestrated or not is an entirely different question.

Share this post


Link to post
Share on other sites
I tend to find that when the market is moving like it is now, areas which should hold are taken out and move further until weak players relent. That's my feeling anyway whether it's orchestrated or not is an entirely different question.

 

Agree: That is why 19.50 - 19.75 is an area of interest... as of 12:12cst it has held the rotation BUT, IBL @ 1322.25 & single @ 22.00 are also in the mix...

 

Watching those 2 areas to add...as of now.

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites
I think there's a decent chance we'll want to test yesterday's high again. Break and hold and we're off again, fail or fail to hold above and it could be a test of 1308ish- take a look at a 4day MP/VP thurs-tues.

 

Did you see my post yesterday, #1030, regarding 1308? That's what the chart was regarding. I was actually technically wrong, I forgot to include first few bars of year globex, so technically no vpoc shift for year to 1308, but same idea.

Share this post


Link to post
Share on other sites

Yeah I did. It certainly makes sense to me. I think looking at more developed balance areas like this for reaction is the path I'd tend to follow in this sort of market(less confidence/conviction). One note would be that the test in your chart didn't reject from the VPOC any time at all. Maybe it would be worth while looking at an MP version in these circumstances to see if there are any differences.

Share this post


Link to post
Share on other sites
Double dist delineation from yesterday is 13-14.

 

Yes : That si my target area..also I added at the area I previously posted... 19.50 - 75 ish...

 

Josh: Agree with your assessment however I have a bit lower than you...1297.00 - 98.75 ish

 

Regards,

 

Tom

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

    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
    • KBH KB Home stock watch, attempting to move higher off the 50.82 support area at https://stockconsultant.com/?KBH    
×
×
  • Create New...

Important Information

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