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

Steve46, can I become a client? How much would it cost? Considering I'm calling you out, what if a friend not associated with me, maybe not even on this forum, ...sends a private message .. can they become your client, and buy this info you've been telling us is no longer forsale?

 

Moderator, this vendor continualy violates the terms of use and promotes herself via references to her class, .... her students ... her clients. Lately she says she has nothing forsale and she's not a vendor. Is she marked as a vendor by mistake?

 

Unfortunately I am limited in what I can say about the report...(I am working with clients on this)...I can show my pre-position screen.

 

Good luck today folks

Share this post


Link to post
Share on other sites

Negotiator

 

I am going to leave this bit of cleanup to your judgement....Mark suggests I ignore him/her. Lets give that a try...

 

Best to all

Steve

Edited by steve46

Share this post


Link to post
Share on other sites
Steve46, can I become a client? How much would it cost? Considering I'm calling you out, what if a friend not associated with me, maybe not even on this forum, ...sends a private message .. can they become your client, and buy this info you've been telling us is no longer forsale?

 

Moderator, this vendor continualy violates the terms of use and promotes herself via references to her class, .... her students ... her clients. Lately she says she has nothing forsale and she's not a vendor. Is she marked as a vendor by mistake?

 

Hi onesmith,

 

Please read the thread "Vendors Vendors Vendors" in it we developed a new structure of identifying but not necessarily judging a vendor. Steve46 is fully within the guidelines of the owner/moderators rules.

At the same time I understand your frustration of watching someone post a chart and not explain its dynamics but such is the game of forums. You never know the true intent of the poster and have no choice but to take him/her at their word and ignore their posts if you should so choose.

All the best, Cory

Share this post


Link to post
Share on other sites

Paragraph 5 of the forum guidelines prohibit anyone associated with a vendor from any and all mention of their product or service.

I understand others might be frustrated but it's just numbers to me.

 

If the guidelines need to be updated then that event, if it occurs, could present an opportunity for additional tests

 

... but in the meantime this vendor (steve46) is non-compliant ...

Share this post


Link to post
Share on other sites

If someone who sells things has nothing to add to a discussion yet they persist in soliciting for business, that's not good. I include in the nothing to add category, elluding to things without ever explaining them. A business needs to make money by charging for services however, It is my opinion that giving some useful information actually demonstrates the quality of the service.

 

So it's my opinion that a vendor so long as they are useful to readers and aren't pushing themselves/their services overtly, is an asset. However, I would also point out that in this thread, I do continually push people to explain themselves and their approach so that the use is clear.

 

As of this time, most posters have been useful to the thread and to the readers of it I would hope. If that changes, I will decide whether or not to act on it.

 

So let's turn our attention back to what is really important- "Day Trading the E-mini Futures" (and by the way any other futures which are interrelated).

Share this post


Link to post
Share on other sites
Paragraph 5 of the forum guidelines prohibit anyone associated with a vendor from any and all mention of their product or service.

I understand others might be frustrated but it's just numbers to me.

 

If the guidelines need to be updated then that event, if it occurs, could present an opportunity for additional tests

 

... but in the meantime this vendor (steve46) is non-compliant ...

 

With all due respect, I don't think the owner/owners care much about that anymore. The website changed hands not too long ago and the new owner is much more lenient than the previous owner. If it bothers you then just ignore his posts, other than that nothing is going to change.

Share this post


Link to post
Share on other sites

Here's another Globex entry for those interested in the overnight market......Based on experience I don't take trades during the game, but after....I have found that my system works just fine...

 

Here we have a chart showing a test of previous day's (Friday) low at 1333.25....because the test occurred at a demand node, its a valid setup....

 

Since there are no significant US economic reports scheduled for tomorrow I will stay with this one as long as possible....

 

This evening we have Sentix at 1:30am and German Factory Orders at 3am....if we get some breathing room on this and the German report is favorable, this one could run......if it doesn't give me a reason to stay with it, I will exit at 3:30 and try to get some sleep prior to the US open

 

I will take partial profit at 3 points.

 

Good luck everyone

5aa710ca05108_TonightsGlobexTrade.thumb.PNG.951b2168531155868cf260bcc6dc10b4.PNG

Edited by steve46

Share this post


Link to post
Share on other sites
and this one looks to be a loser.....ah well that happens

 

here is the chart...I am still in it but it does not look good at the moment.

 

Steve - were you able to take your 3-pt partial profit at 1336?

 

The level is now trading around 1332 -- do you still intend to wait until 3:30am to exit or have you already exited?

 

Thanks,

 

CYP

Share this post


Link to post
Share on other sites

Monday Pre-RTH 2.6.12

 

:2c: Friday closed higher after the NFP Report and based on the shape of the MP/VP it was mostly short covering - this is based on the shape of the profile and also that it was fat/wide. This fatness indicates that we auctioned higher but then stalled out and just churned. However we did breakout of balance...

 

GLobex is trading lower possibly related to the Greek news - blah, blah..

 

What is one potential scenario we can expect out of several?

 

Lower open..flush late longs...new shorts which is fuel for the next leg up.. (Market needs fuel)

 

Some key nodes IMHO.. CLVN: 1331.00, CLVN 1336.50.. Fridays Close, etc... Gap below...etc, etc... NVPOC 1339.25...etc, etc... NVPOC 1322.75 below

 

Just one of several potential scenarios..

 

Have you prepared mentally for the potential scenarios?

 

Do you know where the critical areas are that the market needs to test?

 

How will the retail trader potentially lose? Where?

 

Just some questions I ask myself... The market gets all parties involved. After all it is an auction and the market usually tests key areas before moving on or failing...

 

Good trading.

 

Regards,

 

Tom

Edited by roztom

Share this post


Link to post
Share on other sites

Update: Since I said I would post losers here we go:

 

1. I sold initially Sold @ 1335.00 Against Fri OR/Open..late as usual :) looking for a test of Fridays Low/Stops.. Did not get there.. 1333.75 low...MFE +1.25 NO Scales Scratched..

 

2. Sold against CLVN @ 1336.50 1334.50 MFE 2pts Got 1 scale.. Stopped on Balance avg loss 1.25pts.

3. Currently Long: 1337.00..

 

Why... ?

 

1. Yesterdays Low initially tested... Buyers Aggressive..didn't even get easy stops (so far)

2. Once CLVN @ 1336.50 breached and tested from upside potential for test of Fri High/CLose/CHVN 1348.50 & CHVN 1352.50... just areas of interest.

 

SO what is key so far as this develops?

CLVN: 1336.50 + Midpoint & Open/OR etc...

 

Do not follow any of these since I actively manage these and will not be posting unless I have a break.. after the fact... on these... I just want to share with how I read the market.. Some days I read it well and others I don't... This could always be one I don't..

 

Is it NOT about Right/Wrong/Win/Lose.. it is about forming a hypothesis and paying the price of admission to find out if you're right. Got to let go of the WIn thing

- GOT TO DO The Execute/Discipline Thing - just 2 cts... :2c:

 

Regards,

 

Tom

Share this post


Link to post
Share on other sites

While we contemplate whether or not highs/lows have been put in, I thought I'd post a little chart.

 

Since the beginning of the year, by my reckoning we are on our 4th short term balance breakout. I mean very short term and I've highlighted what I am suggesting is balance in the image. Each time, the day after the break has varying lows compared to the breakout day itself. The max at -7.50 easily puts the 1331.00 or 1329.75 prices in range. Interestingly though, each progressive post break LOD is smaller. 3 data points hardly means a thing, but it's interesting nonetheless.

 

attachment.php?attachmentid=27319&stc=1&d=1328542438

2012-02-06.thumb.jpg.0c3e367ce54f6acf9571b886c5e73143.jpg

Share this post


Link to post
Share on other sites
While we contemplate whether or not highs/lows have been put in, I thought I'd post a little chart.

 

Since the beginning of the year, by my reckoning we are on our 4th short term balance breakout. I mean very short term and I've highlighted what I am suggesting is balance in the image. Each time, the day after the break has varying lows compared to the breakout day itself. The max at -7.50 easily puts the 1331.00 or 1329.75 prices in range. Interestingly though, each progressive post break LOD is smaller. 3 data points hardly means a thing, but it's interesting nonetheless.

 

attachment.php?attachmentid=27319&stc=1&d=1328542438

 

N: I have a CLVN 1331.00 which was a target I was looking for on my early shorts also GLobex low 1330.25 held there so that was my area of interest to downside... It doesn't mean I won't get interested there again.. :)

 

Tom

Share this post


Link to post
Share on other sites

Yeah. Below is probably (27.00) 1322.50. Perhaps it could get there, but we'd have to look at the implications if it did and then what it did subsequently. I kind of get the feeling the current high might be pushed at some point, only to move back down, although we are testing lower right now(albeit in a 4.75 RTH range).

Share this post


Link to post
Share on other sites

Does anyone want to "speculate" where we are headed next?

 

With the test of yesterdays low and the fact it held brought in buyers... the market is now fairly long.. what is the path of least resistance? Up/Down...?

 

Is the Low of Day more vulnerable now than earlier or will it continue higher and not test that low?

 

I am just trying to get aligned with it.. that is what I do. I'm not overly concerned with getting nicked..just part of the cost of participation...

 

What do you think is next?

 

Tom

Share this post


Link to post
Share on other sites

What do you think is next?

 

We are 30% lower than 20 day median volume as of 11:03am EST, in a 4.75 RTH range for 1.5 hours, and are sitting very comfortably within yesterday's range, not eager at the moment to push either side of its range. Anything can be next here. If I have an opinion, I am slightly long biased as delta is long for the day, and we are in a bull market for several months and for this year. However, with what's going on right now, best for me to be flat here.

Share this post


Link to post
Share on other sites

Things should be put into perspective and that's what we are always trying to do as traders. As much as the market has tried to move up, as Josh noted vol is low so is range. It's Monday directly after the break from Friday. Most of the trading so far has been below most of the volume traded on Friday. I still would like to see test of 1339.25/.50 and then see what happens.

Share this post


Link to post
Share on other sites

Agree with everyone on this... After all this is "speculation" right? :missy:

 

I scaled my 1337.00 @ 38.75..my 2 tics before CLose/NVPOC to reduce my risk.. and now will wait & see what kind of rotation we get... I will also scalp around my position depending on how it develops to reduce my average price..not recommending anybody do this..sometimes I can get my head slammed in the oven... just something I have done successfully more often than not...

 

As Josh pointed out, Volume is light...which means current prices might be fair or even too rich.. which opens up a flush to the downside for the stops as posted earlier...just possibilites..

 

Tom

Share this post


Link to post
Share on other sites

Well we got our gap fill (39, friday's settlement), but NQ seems unwilling to leave its overnight range so far, and the dow doesn't seem too happy to do so either. At 10:47am we got a nice surge of buying and good TICK reading, just at the open, after a lazy pullback, so that was a reasonable long opportunity, but of course aren't they all in hindsight.

 

EDIT: on a side note, I see that Bernanke testifies tomorrow, and speaks on Friday. Truly, what can he say that he has not already said? I don't mind the news creating movement, but it's just kind of silly.

Edited by joshdance

Share this post


Link to post
Share on other sites
Well we got our gap fill (39, friday's settlement), but NQ seems unwilling to leave its overnight range so far, and the dow doesn't seem too happy to do so either. At 10:47am we got a nice surge of buying and good TICK reading, just at the open, after a lazy pullback, so that was a reasonable long opportunity, but of course aren't they all in hindsight.

 

LOL.. that's the problem..I'd like to trade in hindsight... P&L would be much better...

 

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

    • QBTS D-Wave Quantum stock with a local breakout, good volume +235% at https://stockconsultant.com/?QBTS
    • PLAY Dave & Busters Entertainment stock, big bounce off the lower 24.48 double support area at https://stockconsultant.com/?PLAY
    • INO Inovio Pharmaceuticals stock, watch for a bottom breakout above 2.33 at https://stockconsultant.com/?INO
    • CADL Candel Therapeutics stock, watch for a range breakout, target 12 area, volume +82% at https://stockconsultant.com/?CADL
    • Date: 19th February 2025.   Is the DAX Overbought After Rising For 7 Weeks Straight?   The DAX rose by 20% in 2024, however, in 2025 so far the DAX has risen more than 15% in only 50 days. The DAX has risen for seven straight weeks, driven by rate cuts and strong earnings reports. Can the DAX maintain momentum or is the price overbought? DAX 40 - What’s Driving the Bullish Trend? Three factors are driving the price of the DAX higher. The first is the European Central Bank which has cut for 2 consecutive months and is likely to adjust a further 0.75% in 2025. The lower interest rates and expectations of further cuts are known to support the DAX due to higher consumer demand.     The second factor driving prices higher are the positive earnings data. SAP SE is the most influential stock and has risen by 18% so far this year. SAP’s latest quarterly earnings report saw the company beat revenue expectations by 2.60% and earnings by 1.40%. The second most influential stock for the DAX is Siemens AG which has risen almost 20% in 2025 so far. All of the seven most influential stocks have risen in value this year so far and only 17% of the whole DAX have declined this year so far. However, traders should note that not all companies within the DAX have made public their quarterly earnings reports. The third factor is the expectation that the Ukraine-Russia conflict will end or reach a ceasefire in the first half of the year. Traders should note that an end to the conflict is more crucial for European indices in comparison to Asian or US indices. This is due to the nature of Europe and European geopolitics. Is the German DAX Overbought? When analyzing the price movement the index is trading in the overbought zone on most oscillators and on most timeframes. However, price action and previous impulse waves indicate the price will not be overbought unless the price increases above 23,250EUR. However, the intrinsic value of the DAX will also depend on US tariffs. If Germany is able to avoid harsh US tariffs, German stocks may continue to increase higher as sentiment improves. However, harsh tariffs are likely to apply downward pressure on the index and increase the likelihood of being overbought in the short-to-medium term. If the price indeed declines, traders may first target the support level at $22,437.58, which will likely fall in line with the 75-period Moving Average. The main bullish breakout point is at the 22,724.30 mark. Tariffs on Foreign Cars A key risk for the DAX as mentioned above is US tariffs, particularly on cars. The DAX index includes Mercedes-Benz, Porsche AG, BMW, and Volkswagen. Total new cars sales in the US from these 4 companies make up almost 10% of the overall sales.     Donald Trump remained defiant despite warnings that his proposed trade war could disrupt the US economy, stating that his administration might impose tariffs of approximately 25% on foreign cars within weeks. He also announced that semiconductor chips and pharmaceuticals would soon face higher tariffs, speaking at a news conference on Tuesday. Key Takeaway Points: The DAX has surged over 15% in 2025, driven by ECB rate cuts, strong earnings, and optimism over the Ukraine conflict. SAP SE and Siemens AG are the top-performing stocks and 83% of the DAX has witnessed gains. However, some earnings reports are still pending. Despite trading in overbought territory, the index may continue rising unless it faces harsh US tariffs. Potential US tariffs on foreign cars pose a key risk, impacting major DAX-listed car makers. This includes Mercedes-Benz, Porsche AG, BMW, and Volkswagen. 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.
×
×
  • Create New...

Important Information

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