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

It will be interesting to see what happens here at 1400s ... in the order flow I see no reason yet (as of 11:06am EDT) to think the bulls are getting tired of buying these dips and then paying up.

Share this post


Link to post
Share on other sites
Just wanted to post a loss I just took, for learning purposes.

 

I was looking to buy 96s, and 96 tested to the tick after news. Moved up, but on weak volume, not very convincing. Pushed lower by 2 ticks, and while it was not much and volume support was there (bullish), the move back up above 96 did not look convincing to me. I shorted 97.00, and took a loss at 98.75 ... I'm a little pissed because my plan was to buy 96s, but I just didn't see the buying support I wanted, so I suppose the right course would have been to simply wait, not take a trade counter to my original intention. Just putting that out there.

 

Thanks...what makes this thread special is there is no fairy dust here..this is the real world of trading... Appreciate your candor..

Share this post


Link to post
Share on other sites

had a lovely $450 conversation this morning with Esignal's tech support staff, who informed me that although I had the correct symbol entered, for reasons unknown to them, the continouous contract (for the DAX) did not roll over.....and would I please (for "now") use the current front month...

 

This happens from time to time with Esignal, and I am wondering if any of you use the DAX feed with IRT? If so what is your experience....

 

Although I can get by without that data (I use it to confirm my ES entries), it sure makes my job easy when it is available.

 

Thanks

Steve

 

As a post script to my comment here is a chart showing the DAX providing a leading indication of a failure short at 99.50.....used to use IRT but my experience was not good....that was a while back....I would prefer not to change but I will consider it if this situation continues.

Thanks for the comment Josh

5aa710dce2e83_Failureshortat99_50.thumb.PNG.9745e9919d4c86b7bd93a1f0edef74e6.PNG

Edited by steve46

Share this post


Link to post
Share on other sites
Just wanted to post a loss I just took, for learning purposes.

 

I was looking to buy 96s, and 96 tested to the tick after news. Moved up, but on weak volume, not very convincing. Pushed lower by 2 ticks, and while it was not much and volume support was there (bullish), the move back up above 96 did not look convincing to me. I shorted 97.00, and took a loss at 98.75 ... I'm a little pissed because my plan was to buy 96s, but I just didn't see the buying support I wanted, so I suppose the right course would have been to simply wait, not take a trade counter to my original intention. Just putting that out there.

 

BTW Josh: I had the closing swing low at 95.00 also which is support and a low @ 94.50..that was my area to get long... but Mr. Market had other plans...

Share this post


Link to post
Share on other sites

Though the order flow was long, 99.75 seemed to really cut off the buying, and I am short 99.25 ... TICK started trending down up here, and maybe another tick to 1400.00 was a bit too obvious to actually do it? My target is 93, see yesterday's profile/vwap.

 

I could be dead wrong and this market may just keep buying up, but that's where I'm at.

Share this post


Link to post
Share on other sites
This happens from time to time with Esignal, and I am wondering if any of you use the DAX feed with IRT? If so what is your experience....

 

I do not steve, but most of us use IQFeed from DTN (IRT is just the program). They offer a free trial I am pretty sure, and after fee waivers it is less than $100 a month and quite good.

Share this post


Link to post
Share on other sites
Though the order flow was long, 99.75 seemed to really cut off the buying, and I am short 99.25 ... TICK started trending down up here, and maybe another tick to 1400.00 was a bit too obvious to actually do it? My target is 93, see yesterday's profile/vwap.

 

I could be dead wrong and this market may just keep buying up, but that's where I'm at.

 

Added 1 here at 98, and will look to scale one out at 96 .. but buyers still quite active on the bid, and even the offer the last few minutes, so we will just see...

 

 

So question now is are we going to bring in some more sellers or has that just flushed out some weaker longs? OTF not active by the looks of things.

 

That's just the question isn't it N ... you mentioned the interesting volume at the open ... quite heavy selling... could that be filling orders at what one who wants to be short would consider the best price of the day? (99-00)... possible that we have seen the high? We will have to wait and see!

Share this post


Link to post
Share on other sites

Yeah definitely. I think given the fact it's opex, I wouldn't say either way for definite. I'm not an options guy, but my thinking would be that short calls would be in trouble much above 1400. Although there might also be some delta hedging of long calls near to 1400. Would be useful if there's any options expert around to pitch in :)

Share this post


Link to post
Share on other sites
Josh, are you on rc3? My MP's are all messed up VA & POC.

 

I am still on c2 N ... if you post a pic of your profile for today I can compare it with mine.. currently my ETH profile shows 99.50 as the VPOC and the VAH, but my RTH has 98.50 as VPOC and 99.50 as VAH

Share this post


Link to post
Share on other sites

Times like this, I ask myself what the best course is. Only in hindsight will I know for sure. Until it breaks 1400s will it really break free of this balance, so for now this location, 99.50 to 00, is actually technically, for me, an ideal short opportunity. I am short at 98.75 still.

 

But location isn't much, if the direction is wrong. Delta tells me sellers are present. However, the market could not break back into yesterday's range. I wouldn't BUY here though, so why would I buy to cover my short? The market is rather neutral, but after finding demand below 96, the overall picture has looked pretty bullish. What do you all think about the picture?

Share this post


Link to post
Share on other sites
I am still on c2 N ... if you post a pic of your profile for today I can compare it with mine.. currently my ETH profile shows 99.50 as the VPOC and the VAH, but my RTH has 98.50 as VPOC and 99.50 as VAH

 

I was looking at a market profile chart not a volume profile and RTH- if you have one.

 

What do you all think about the picture?

 

I think this thing is wasting my time so I'm off to do a few other things!

Share this post


Link to post
Share on other sites

True COnfessions: I messed up my exit.. I had written 99.50 well that was the target but my order should have been at 99.25.. Fortunately I scaled 99.00 even but that is the kind of lack of focus that can turn shinola into #%&*... :crap:

 

Still holding partial with stop B/E... 97.75...clueless :missy:

Share this post


Link to post
Share on other sites
True COnfessions: I messed up my exit.. I had written 99.50 well that was the target but my order should have been at 99.25.. Fortunately I scaled 99.00 even but that is the kind of lack of focus that can turn shinola into #%&*... :crap:

 

Still holding partial with stop B/E... 97.75...clueless :missy:

 

UPdate: I "expect" to be stopped out on this trade..my stop is easy $... the key is the 97.00 IMHO... If that holds then I may go long again but ...... :2c:

 

12:28cst..Update to update: I am flat - took seveal ticks out...

 

 

I always look to position on counter-rotations during lunch and my B/E stop was in the way of the rotation so I am out..while currently there is no reason to exit other than the fact we didn't take the HOD out & based on my view of auction theory the stops are the magnet to do business... so rotation is next, IMHO... Of course I do run the risk this will hold but it seems very low probability I "suspect" 98.00 area is easy $... Let's see...

Edited by roztom

Share this post


Link to post
Share on other sites
Does this help?

 

.....

 

Thanks Josh. Was just something I had unchecked like a dumbass. Looked at another one I had saved and it displayed fine. I have the chart set up to show the MP and VP side by side as in your screenshot, but I have the VP showing VA too. As below.

 

attachment.php?attachmentid=28022&stc=1&d=1331919678

2012-03-16_2.jpg.84f7c05e328c6cbdbdc3476e1ebe4c96.jpg

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

    • DXCM Dexcom stock, great day off the 69.73 support area, from Stocks to Watch at https://stockconsultant.com/?DXCM
    • Depressions aren't real either... ??
    • Dear B4 #42, I heard you can't get out of bed and decided you were going celibate and shaved your head and “reconsidered” having children.  If it took Trump getting elected to get you to stop fkn every Dum, Harry, and Dick you meet, we’ll take it.  thx Sincerely just sayin’ zdo PS To all the other girls I loved B4 - https://www.youtube.com/watch?v=rVq0ONrSH-Q 😚
    • MDB MongoDB stock watch for a range breakout at https://stockconsultant.com/?MDB
    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. 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. Andria Pichidi 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 FX and CFDs 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.