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I was just going to post 47.50 then 48.75 NVPOC...Also the CLosing low swing was 47.50 so that is an important number up top... I am stalking a long but need it to rotate otherwise R/R doesn't work with that target so close...

 

Yeah on the yest VPOC, but also it wasn't well defined although 49 is a level-ish anyway. I'm thinking above 47.50 and it might just run on to test 52.50. But I closed my position at 45.75 anyhow on the first test higher (46.25) just gone. Lunch and lack of ability for them to force it made me get out. Could end up being wrong, but then on different timeframes we are all, always wrong right?

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Maybe Josh could give us an update on volume stats?

 

Josh, would you mind posting the definition for your volume reference chart (assuming is not proprietary in nature etc.). Would like to utilise it for the other markets I trade. Couldn't work out how to generate one correctly my self :doh:.

 

Cheers.

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:helloooo:

Yeah on the yest VPOC, but also it wasn't well defined although 49 is a level-ish anyway. I'm thinking above 47.50 and it might just run on to test 52.50. But I closed my position at 45.75 anyhow on the first test higher (46.25) just gone. Lunch and lack of ability for them to force it made me get out. Could end up being wrong, but then on different timeframes we are all, always wrong right?

 

Same here..but we are getting rotation so I am stalking long BUT a number of things are in conflict to run in here - as you say lunch, etc...

 

I actually got sells up near the top but it conflicted with my expectations so I am still looking for the rotation and see what we can do .. just watching it...:missy:

 

Good move exiting... IMHO.. Still watching rotation...

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Josh, would you mind posting the definition for your volume reference chart (assuming is not proprietary in nature etc.). Would like to utilise it for the other markets I trade. Couldn't work out how to generate one correctly my self :doh:.

 

Cheers.

 

I can do that but it is easier to simply do this:

 

SESST indicator, you want the sum of price, using Volume as price, all bars of the session, multi session statistic, median of bars at time, X = 20. You will want at least 21 days in your chart, I like to use 1 to 5 minute bars. Have it calculate every 1 or 2 minutes, as it's somewhat cpu intensive relatively speaking.

 

I actually have this calculating in a separate chart, setting a V#, and then another indicator setting the V# of the sum of volume of RTH session, then another indicator computing the percentage as a simple division of the two.

 

I can post a chart definition if you still need it, just let me know.

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I can do that but it is easier to simply do this:

 

SESST indicator, you want the sum of price, using Volume as price, all bars of the session, multi session statistic, median of bars at time, X = 20. You will want at least 21 days in your chart, I like to use 1 to 5 minute bars. Have it calculate every 1 or 2 minutes, as it's somewhat cpu intensive relatively speaking.

 

I actually have this calculating in a separate chart, setting a V#, and then another indicator setting the V# of the sum of volume of RTH session, then another indicator computing the percentage as a simple division of the two.

 

I can post a chart definition if you still need it, just let me know.

 

Thanks Josh. Nope those instructions are fine :) I could get the average volume of X periods easily enough, I just couldn't work out the best way to compare that with todays volume on the same chart. Utilising the V# makes sense however.

 

Edit/ Actually using the Mean probably works out best (I was using the basic HomeWork definitions that Chad created a while back, but this works better in this application actually).

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Thanks Josh. Nope those instructions are fine :) I could get the average volume of X periods easily enough, I just couldn't work out the best way to compare that with todays volume on the same chart. Utilising the V# makes sense however.

 

Edit/ Actually using the Mean probably works out best (I was using the basic HomeWork definitions that Chad created a while back, but this works better in this application actually).

 

I also considered the mean, but statistically speaking the median is more robust for protection against outliers in the type of distributions we tend to have.

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an atypical day...

 

just had a sighting that's been very rare this year...a midday BO...

 

increased V in the pm would definitely make it worthwhile..

 

I am guaging rotation to get short but need stuff to get aligned.. We closed gap bt we still have NVPOC @ 36.00 hanging out but must see the planets align...

 

:missy:

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I also considered the mean, but statistically speaking the median is more robust for protection against outliers in the type of distributions we tend to have.

 

Oops got my tongue tied haha. I was referring to myself previously trying to use average/mean in SSET which didn't seem to work. Your suggestion of Median worked much better!

 

But yes as you stated, from what I remember during university stats, the Median would produce a more realistic distribution which is what we are after here. Thanks for the refresher haha :)

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I am guaging rotation to get short but need stuff to get aligned.. We closed gap bt we still have NVPOC @ 36.00 hanging out but must see the planets align...

 

:missy:

 

Could you please tell us what exactly you are waiting to see alignment from. Thanks, Cory

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I am guaging rotation to get short but need stuff to get aligned.. We closed gap bt we still have NVPOC @ 36.00 hanging out but must see the planets align...

 

:missy:

 

you may get your shot in the pm...

 

midday bo got some attention no doubt...the fbo made me smile...too early for a mad dash to the close...

 

nq has yet to keel over...feels like it wants to test the hod...if it shows weakness in the pm...shorting es or ym is a good play...

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Took scale @ 39.75 .2 ticks ahead of MicroNVPOC @ 39.25 and am now targeting 36.50ish..2 ticks ahead of NVPOC 36.00

 

Stop Trailing in case this is all it has..

 

:confused:

 

Edit: 1:33cst... Got through 39.25... There is a CHVN @ 38.00 which can cause it to churn or that is it..don't know... other than 36.00 NVPOC then next meaningful CLVN is 31.00 area.. These are not necessarily for today.. though 36.00 might be... If/When we get through 31.00 the party will begin. IMHO..

Edited by roztom

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What a Fireworks display... Looks like they liked that CHVN 38.00 ... maybe we get to 47.50 - 52.50 on the upside...

 

I covered my short I tooik off the rotation but did not get long... :crap: I can't switch gears that quick..also I would have taken a long but no rotation so :doh: just enjoying the show...

 

Edit: 2:59cst..Got a midget rotation ..did not take only a 2.5 pt pullbk after hitting 47.50 ...interesting to see these numbers in VP...

Edited by roztom

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now that's what i call a "shazam!" heh

 

but no surprise on the pm activity...as it was telegraphed by the midday bo on incr. V...and the nq just refused to keel over all day....

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What a market we are trading guys...

 

9 point range for 6 hours.

New lows, all the way up to new highs, 10 points in 20 minutes.

Then afterhours, 9 points up in 8 minutes.

 

Is this why traders go crazy and want to kill themselves after a while sometimes? :doh::rofl:

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What a market we are trading guys...

 

9 point range for 6 hours.

New lows, all the way up to new highs, 10 points in 20 minutes.

Then afterhours, 9 points up in 8 minutes.

 

Is this why traders go crazy and want to kill themselves after a while sometimes? :doh::rofl:

 

LOL.. :haha: That's why I have no sharp objects in my trading room...

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Some interesting levels: Our old friend @ 52.50 & a GBX SIngle @ 50.50 which held the break sroung 7:15cst... I am not suggesting these will hold this Areas of Interest BUt I am seeing "potential" for early responsive selling - too early to see from open - might get it sooner or already had it..How's that for stating a position... :confused:

 

:missy:

 

Edit: Above there is not much to lean on..I have 62.25 CHVN and then CHVN 70.75 & CLVN 72.50/ this last one is potential target for this swing.. not today but anythiing is possible - right...

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Sometimes markets are more technical than other times. When we're waiting for important news though, whilst remaining technical the markets tend to get skittish. It's opex week too. Just account for it and if you see a strong move, know that it's probably news and the market has therefore shifted gear. The market will disregard any of your near targets and then it become a game of chicken. Stand by and wait for the dust to settle. It's either that or don't trade the market until any news comes out. I don't try to do both. I know some people do though.

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