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

One note would be that the test in your chart didn't reject from the VPOC any time at all.

 

On 1/13 it bottomed at 72s, and then popped back up, and tested 75s before coming back up. This is the test I was referring to in the chart.

Share this post


Link to post
Share on other sites
On 1/13 it bottomed at 72s, and then popped back up, and tested 75s before coming back up. This is the test I was referring to in the chart.

 

Well, if you don't like my MP...j/k lol!

 

Fair enough. Did both on that occasion then - maybe market is trying to satisfy both kinds of profiler?! Who knows.

Share this post


Link to post
Share on other sites

Scaled @ 14.50...low of Yesterdays M Period & just ahead of 50% retracement...thought there's be some stops there which there were..

 

Still holding a light short position...thought there'd be a bit more push...protecting open trade...

 

Regards,

 

Tom

 

Update: @ 1:18 cst cover all shorts 1313.75... as posted earlier.. Might add for scalping if there is decent rotation with proper structure... just my thinking right now..

Edited by roztom

Share this post


Link to post
Share on other sites
Well, if you don't like my MP...j/k lol!

 

Fair enough. Did both on that occasion then - maybe market is trying to satisfy both kinds of profiler?! Who knows.

 

Well if it goes 3 or 4 points below a vpoc on a large scale like this and then bounces back with the conviction it did, I count that as a "test" even though it traded through it. What was important was that the balance formed was tested, so the "zone" was tested, and rejected. We have a very similar zone now for the last couple of weeks -- 1305 to 1311 or so, and 1308 is a nice midpoint and only a few hundred contracts from being vpoc of the year, so close enough.

Share this post


Link to post
Share on other sites

Working the overnight market this evening and thought I would mention this trade

 

At 20:51 (8:51 PST) price tested 1310.75......the weekly open......and of course I took the trade

 

reversal to the tick....no idea if it will work out but thats the game we play here...filled at 1311 and we are at 1312.25 right now at 9:27pm PST

 

and of course the same questions apply as before, why would the weekly open be important on Thursday evening at 8:51pm?

 

Good luck folks

Share this post


Link to post
Share on other sites
Working the overnight market this evening and thought I would mention this trade

 

At 20:51 (8:51 PST) price tested 1310.75......the weekly open......and of course I took the trade

 

reversal to the tick....no idea if it will work out but thats the game we play here...filled at 1311 and we are at 1312.25 right now at 9:27pm PST

 

and of course the same questions apply as before, why would the weekly open be important on Thursday evening at 8:51pm?

 

Good luck folks

 

Don't know if you held this for 3 hours, but if so, you got a nice return, good job!

 

I was also keenly watching this level near the end of yesterday's selloff, but the action didn't really turn bullish till just after 3:30pm ET.

Share this post


Link to post
Share on other sites

I will still consider the scenario I wrote above, and will even look to buy around 1303-1305. I still think that longer term the trend is obviously up, but if we start breaking that area, and start making new weekly lows below 1301, then I will be looking for shorts.

 

The market was only able to muster 1319s overnight, and is banging on the door of yesterday's lows. On the 2.8% GDP number vs. expected 3.0%, it sold off pretty well, despite this being a relatively small discrepancy. It's like they are looking for reasons to sell, instead of buy. This to me is very important.

 

In other words, the market feels pretty weak, so I will look to short if it stays that way, BUT I will be aware of the 1303-1305 area as well and will consider a long there.

Share this post


Link to post
Share on other sites

Josh: I was looking at your 1308.00 area and it happens to coincide with a NVPOC on my GLobex profile.. just point of interest.. I am watching 1297.00 area as NVPOC on RTH profile..with CLVN @ 1298.75 and CHVN @ 1296.75. This IMHO is a major area and a attractor for the market to test..

 

I thought I would mention that my composite profiles are based on Major Swing H/Low on the daily timeframe and then minor swings inside.. The Major composite CHVN/CLVN are where I look for areas of interest overlaying them with NVPOC's and the delevoping daily profiles...

 

Not to criticize anyones approach since whatever works for the indovidual is great, I found that imposing calender time on the market is external from the market.. I went to market swings as reference poiints as my time reference for calculating the composites.. just a point of interest not a counterpoint...

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites
Not to criticize anyones approach since whatever works for the indovidual is great, I found that imposing calender time on the market is external from the market.. I went to market swings as reference poiints as my time reference for calculating the composites.. just a point of interest not a counterpoint...

 

Tom, in general I would agree. However, if you are a fund trading opm, how do you report to them? Based on a balance area within the market or on a quarterly/yearly basis?

Share this post


Link to post
Share on other sites
Not to criticize anyones approach since whatever works for the indovidual is great, I found that imposing calender time on the market is external from the market.. I went to market swings as reference poiints as my time reference for calculating the composites.. just a point of interest not a counterpoint...

 

Tom I also think this is a reasonable approach, to build the profiles based on overlapping areas. But time is very important to the market. I've heard rationales over and over for how volume moves price, not time, and all of that. But the fact is that humans live in a world dictated by time, and the market opens and closes based on time as well. And just like anything whose bounds are defined by time (as the markets are), there will be times which are more important and have more activity to the market in general. I know you're not countering this, just a thought on time.

Share this post


Link to post
Share on other sites
Tom, in general I would agree. However, if you are a fund trading opm, how do you report to them? Based on a balance area within the market or on a quarterly/yearly basis?

 

I actually do not look at it that way... I do understand the concept... I am focused on the volume and the "market" generated information... where the OTF was active vs the calender...again this is what my work has shown...For years I used calender based profiles and Value areas and time based NVPOC in the larger composites - I found my numbers seem to work better with market generatet volume based on where the market did it's business... I expect the market to return within to test these areas of OTF activity.. as the market criss-crosses an area and the Cumulative nodes are created.

 

Remember, this is not a counterpoint. Josh, you & I seem to use the Composite Profiles in a similar fashion..

 

I "suspect" even if you impose calander based timeframes that the volume will show up at the key nodes ... Interesting..

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites
Finally, officially have a vpoc shift for the year to 1308. Now I can rest easy! (j/k)

 

Can you post a chart of what you're looking at please?

 

On the subject of time based profiles along with current lows, please refer back to post #1048.

 

Just got to see if the move back up is sustained now!

 

EDIT: Btw the expanded price scale shows the poc to be 1307.00 not 07.25.

Share this post


Link to post
Share on other sites
Finally, officially have a vpoc shift for the year to 1308. Now I can rest easy! (j/k)

 

Josh: While you kick back & have a cocktail..since your 1308 was hit in Globex which was also a GLobex NVPOC as posted earlier, it will be interesting to see if RTH gets to my numbers down below as posted ..

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites
Don't know if you held this for 3 hours, but if so, you got a nice return, good job!

 

I was also keenly watching this level near the end of yesterday's selloff, but the action didn't really turn bullish till just after 3:30pm ET.

 

 

Ha....of course I held it....through 2 retests and into the evening....thats the job....and its history as the market hit a high and reacted to predictable GDP numbers....the overnight is a very easy trade....you have to fight boredom and sleep issues but the rest is very straightforward.

 

Now I'll finish by trading the open and then get some sleep..

 

See ya

Share this post


Link to post
Share on other sites
Tom I also think this is a reasonable approach, to build the profiles based on overlapping areas. But time is very important to the market. I've heard rationales over and over for how volume moves price, not time, and all of that. But the fact is that humans live in a world dictated by time, and the market opens and closes based on time as well. And just like anything whose bounds are defined by time (as the markets are), there will be times which are more important and have more activity to the market in general. I know you're not countering this, just a thought on time.

 

I agree on the constraints of the calender but when I went from TPO (time) based profiles to Volume based PRofiling I considered that II didn't want it both ways - a conflict of data so since VOlume was market based and the market is swing based that was my rationale...

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites
That's interesting. If you change the start date to 1/3/12, it happened on Tuesday. But I think 1/1/12 is probably the way forward!

 

Well, the first trading day of the year was 1/3, Tuesday, was the big gap up from 12/30. So, starting the profile there.

Share this post


Link to post
Share on other sites

Because I already had a long bias, I am itching to be long a little bit, but don't want to be impatient. I will look to buy 09.75 now, but so far buyers willing to pay higher so I don't know if I will get it.

 

I'm open to the possibility that this is just one of those opening 30 minute reaches in one direction, and then a slam back down. But so far, sellers have not really shown up much.

Share this post


Link to post
Share on other sites
Because I already had a long bias, I am itching to be long a little bit, but don't want to be impatient. I will look to buy 09.75 now, but so far buyers willing to pay higher so I don't know if I will get it.

 

I'm open to the possibility that this is just one of those opening 30 minute reaches in one direction, and then a slam back down. But so far, sellers have not really shown up much.

 

The open type was otd of the 7.00's. I would guess we could have a little further upward probing to go(imo).

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 January 2025.   Netflix Earnings Surge Driving the NASDAQ to Monthly Highs!   The NASDAQ increases in value for a fourth consecutive day, gaining momentum after Netflix stocks rise more than 15%. Earnings reports are gaining speed for the technology sector, but why has Netflix stocks seen such a high and sudden rise in demand? Netflix Stocks Increase 15% Supporting the NASDAQ! Netflix stocks have been one of the best-performing stocks within the NASDAQ, rising more than 79% in 12 months. However, even for Netflix, a 15% rise in less than 24 hours is considered substantial. The quarterly earnings report was made public by Netflix after the market closed on Tuesday. The earnings report confirmed the following: Netflix beat their earnings per share expectations - $4.27 reported vs $4.21 expectations. Netflix’s revenue surpasses the previous quarter - $10.25 billion this quarter vs $9.82 billion in the previous quarter. The online streaming company confirms projects to expand into live sport and event streaming will proceed. In addition to this, the company’s forward guidance for 2025 remains positive. Netflix is the 10th most influential company for the NASDAQ meaning the positive earnings data and bullish price movement supports the overall price of the NASDAQ. In addition to this, the positive earnings improve the sentiment towards the entire US technology sector. Investors will now turn their attention to the quarterly earnings report for Intuitive Surgical. Intuitive Surgical stocks on Tuesday rose 1.94%. How is the Economy And Politics Affecting the NASDAQ?     The US stock market is witnessing an upward correction after struggling in the last weeks of 2024. The bullish price movement is a result of a sharp decline in bond yields, the new US administration and earnings season. Investors remain relieved that bond yields have fallen back down from the 5.00% level. If bond yields continue to decline further, particularly below 4.50%, the move would be deemed as positive for the US stock market. President Trump took office on Monday and so far the pro-US rhetoric from the President, Vice President and Secretary of State continues to support the stock market. So far, the main concern is how upcoming tariffs can negatively affect inflation and growth. However, some economists advise tariffs will become the “norm” and may have a lesser effect compared to 2018. However, this is something traders will continue to evaluate and monitor. The VIX this morning fell 0.83% lower and trades more than 5.70% lower over a 7-days. The lower VIX indicates a higher risk appetite towards the stock market. If the VIX continues to decline a strong buy indication may materialize. On the most influential stocks for the NASDAQ, 82% rose in value on Tuesday. However, Apple stocks, the most impactful stock, fell 3.19% due to poor sell data. If Apple stocks continue to decline, the NASDAQ’s upward trend may come under strain. In the meantime, investors over the next week will continue to monitor upcoming earnings reports. NASDAQ - Technical Analysis The price of the index is trading significantly higher than all Moving Averages on a 2-hour timeframe and relatively high on oscillators. These factors indicate that buyers are controlling the order book. However, price action also confirms the latest impulse wave measures 3.43% which is normally the point at which the index retraces. This is something that investors may also consider. The retracement potentially also may be triggered by Netflix buyers quickly selling to cash in profit after the sudden 15% bullish surge. If a retracement does indeed form, price action and the 75-period EMA indicates that the pullback may drop as low as $21,391.30.     Key Takeaways: The NASDAQ increases in value for a fourth consecutive day, but price action signals a possible retracement before continuing its bullish trend. Netflix stocks increase more than 15% due to strong earnings data. Netflix beat earnings and revenue expectations by 1.39% and confirmed projects to add live sports streaming to its platforms. The VIX trades more than 5.70% lower over a 7-days and US Bond Yields remain at recent lows. On the most influential stocks for the NASDAQ, 82% rose in value on Tuesday. 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. Michalis Efthymiou 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.
    • DASH DoorDash stock, watch for a top of range breakout at https://stockconsultant.com/?DASH
    • SYF Synchrony Financial stock with a top of range breakout at https://stockconsultant.com/?SYF
    • RKLB Rocket Labstock, big rally off support and breakout at https://stockconsultant.com/?RKLB
    • RDW Redwire stock, what a launch off the 14.16 support area at https://stockconsultant.com/?RDW
×
×
  • Create New...

Important Information

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