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

BTW: This is just banter..nothing else... My Technical tools are mixed but suggesting short My stomach is saying: Punt

 

Aside...

 

Tom

 

maybe it's just saying "you should be feeding me Tom, it's lunchtime not trading time!" Lol

Share this post


Link to post
Share on other sites
Short squeeze over lunch anyone?

 

That is what my long was about and MP is suggesting that "potential" but is in conflict with other tools here at the moment...

 

By the time it shows itself it will most likely be gone...

 

Tom

Share this post


Link to post
Share on other sites

Market not really respecting today's profile... 38.50 is really top of the volume, and it's trampling that quite well. 35.75 to 38.25 is VA (whoa, 2.5 point range :confused: ) , and we have been in and out of that quite a bit. Thoughts?

Share this post


Link to post
Share on other sites
you're looking at a 24hr profile right?

 

For the day? I have both but was referring to RTH profile.

 

Yes I noticed 41 being a key number for several reasons this week, thanks for reminding me about this level.. I have it highlighted on one of my charts but have not been really looking at it much today.

Share this post


Link to post
Share on other sites
Just take a look over the last few days of trading and look at the 41.00's. Sometimes, it's just gotta get somewhere before it can turn. Of course, a push to get there could also bring in buyers and push us higher.

 

I'm looking at the 41's also... then potentially 45.25, 47.50...seems a long ways off...

 

I feel like I'm sitting in a Masserati with the shift in first gear or reverse, waiting to pop the clutch and flooring the engine...

 

Tom

 

Edit 31.00 is a big CLVN below which had signifigent rejection on Tuesday... Unless we take that out we "should" stay in this balance area with an upside rotational bias..that being said I do not know what the train schedule is...

 

I am monitoring VERY closely for a long based on the above ..I am going to go and look for my Magic 8 Ball and ask it... :)

 

If we take 31.00 on the downside then we could have some real fun..It is also possible this is dead because of the current fundamentals + weekend and it will make it's next move during Sunday Globex...

 

Tom

Edited by roztom

Share this post


Link to post
Share on other sites
He's on 10.4.16 and I think that is the difference. I re-installed b6 and it seems better.

 

Is that Beta or has it been released? I tend to wait until the dust settles..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

×
×
  • Create New...

Important Information

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