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Trader_JG

Value Area for DIA

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Hello, I just started trading DIA and was wondering if there is a website that publishes the MP levels? The YM on mypivots.com is obviously way off.

 

Also, where is a good place to get the volume info for the DIA? I use esignal.

 

Thanks,

Jonathan

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Hi there,

 

Out of curiousity, are you trading options on the DIA intraday? Or the actual shares? And why not trade the futures?

 

Anyhow...the levels for tomorrows trading are :

 

VAH - 126.65

POC - 126.53

VAL - 126.41

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I am trading the actual ETF shares.

I trade at a prop firm and just started getting into the indices after the NYSE went hybrid. Starting out with the ETF and then once I have a proven strategy will go to futures.

 

Thanks for the levels, is there anyplace I can get them daily like mypivots.com?

 

Jonathan

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esignal pro. I did some reading in this MP forum and came across some esignal studies but I didn't understand what the heck to do with them or what they were for.

 

Just a newbie coming up the ranks!

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Oh :) sounds cool. I don't know anything about esignal, so hopefully someone will be able to lend a hand. Also...remember that a proven strategy on an ETF may or may not work the same on the futures. Strategies that work on the Russell futs don't work the same on the DOW futs....so something to take into consideration.

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Thanks guy, I am pretty familiar with esignal but if I use the standard volume bars wont it give me more of a range of price per volume which is less accurate or is this the way people do it by hand? What time increment should I use for the volume bars to get the best representation for the MP?

1min, 2min, 100Tick?

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TinGull, those levels you gave me for the DIA worked amazingly well.

As soon as it broke VAH it tanked and I made a quick 15points!

Thanks!

 

But I have a question. I have YM quotes and put the mypivots.com MP levels on that chart which was at different times on the chart patter,

For example on the DIA price bounced off VAH (levels TinGull gave me) before going down, whereas on the YM #F and levels from mypivots the prices ripped through this level then came back and retraced to it before heading down.

Now, to me this looks like an edge knowing the YM penetrated that level whereas DIA hadnt yet. Knowing the YM was heading lower I could simply short DIA once it goes below the VAH because YM already did. Is this common or is this an anomaly. This is my 1st day looking at this.

 

Also, how correct are the mypivots.com MP levels and are they for the YMH7 or YM #F. TinGull, are your YM levels the same as mypivots.com?

 

Thanks in advance! It was a great day trading with these MP levels.

I know it's a lot of questions but there is a lot I am thinking about after noticing this reaction.

Jonathan

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Hey Jonathan,

Great to hear they worked for you. My levels always differ from mypivots.com. I'm not sure how he gets his levels, but I dont always find them to be as accurate.

 

Look at these levels today, and see what happens...

 

VAH - 127

POC - 126.92

VAL - 126.64

 

Best of luck to you

 

Chris

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