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Market Profile (MP) levels/targets for DAX DOW NQ

  • #5,641
  • Jun 29, 2018 6:11am Jun 29, 2018 6:11am
Quoting Dutchy Daxy
{quote} Holland better send the Ladies Team.
Hehe Amsterdam would be good now, 100 or so pips just gained last few hours.
  • #5,642
  • Jul 2, 2018 3:22pm Jul 2, 2018 3:22pm
Quoting Pip-Miner
{quote} Hehe Amsterdam would be good now, 100 or so pips just gained last few hours.
We are belgium
Mighty mighty belgium
  • #5,643
  • Jul 2, 2018 4:26pm Jul 2, 2018 4:26pm
Quoting wbemsms
{quote} We are belgium Mighty mighty belgium
I'm impressed by the Red Devils, to come back against Japan was an incredible effort.
  • #5,644
  • Jul 6, 2018 4:52pm Jul 6, 2018 4:52pm
We did it again!!!
  • #5,645
  • Jul 11, 2018 2:48am Jul 11, 2018 2:48am
Dax (Mini) singles almost closed....
Attached Image (click to enlarge)
Click to Enlarge Name: DD0711.png Size: 172 KB
It's a dirty job but someone's gotta do it!
  • #5,646
  • Jul 11, 2018 5:09am Jul 11, 2018 5:09am
Quoting LaBoca
Dax (Mini) singles almost closed.... {image}
update
Attached Image (click to enlarge)
Click to Enlarge Name: DD0711b.png Size: 198 KB
It's a dirty job but someone's gotta do it!
  • #5,647
  • Edited 2:42am Jul 12, 2018 2:16am | Edited 2:42am
Hi Dutchy. I appreciate your effort to manage this thread, as I'm equally overjoyed to meet another Dutchy.

In this thread I came across videos and links, like:
- http://www.trading-naked.com/MarketProfile5.htm
- https://www.tradingacademy.com/lesso...e-and-pro-gap/
- https://www.earnforex.com/metatrader...MarketProfile/
- https://www.forexfactory.com/showthread.php?t=608433

As a newby in market profile trading, I would like to ask the more experienced traders here. Which S/R do you trade exactly?
- bounce at POC
- bounce at VAL/VAH
- from IB to POC/VAL/VAH
- from POC/VAL/VAH to IB and others that I have forgotten?

All that in combination with:
- tick data volume
- Price action: higher high/lower lows. Or are there more?

Question:
1. When do you decide that S/R becomes a bounce or continuation? (only trendline breakout and volume?)
2. When do you decide to trade price in direction of IB or POC or VAL/VAH? (I've been backtesting for a couple of hours (EUR/USD, M30 chart). It seems when there is a swing or spike of 90+ pips, then price is likely going to continue. Do you have the same experience?
3. What can you deduce from the ABCDEFGHIJKLMN TPOs? (I understand how they are created, A and B is the IB from 0:00AM til 0.30 til 1:00AM asian session and the letter N is the end of the last session. But from these letters, how are you able to confirm a bounce or continuation, or ranged or trend market? The videos and tutorials couldn't explain this well enough for me. Maybe the just above average traders, (the stars in this thread) could shoot some light for the newbies that have a strong tendency towards learning a new method giving one an edge in this wonderful field?
4. I've been creating 'maybe' new edges. Kindly take a look at my ideas, and reply if they are useful in your experience:
4a) buy at IB, if POC is above the previous candle average.
4b) buy at IB, if Value Area is above the previous candle average
4c) buy at IB, if most 'data' from the 'volume' is above the previous candle average
4d) buy at IB, if POC from 2 days ago is above that candle average (only if IB is at (the same price of) POC from 1 day ago)
4e) always immediately trade POC bounces (instead of POC breakout) (by default. Only when POC breakout of 10 pips closes above is confirmed, then open new trade above POC)
4f) only buy at IB, if price is at least 10 pips away from POC. Otherwise wait until a clear swing has formed in the direction of POC, usually 4 hours later (4AM gmt)
4g) in all above cases, give priority to single print (buying tails)
--> Are these ideas prefered, or a definitive no-no?

5) In my backtesting I could not recognize that a 'flat long' volume indicates: TREND (according to one of the links, this is supposed to be a trend signal. Unfortunately I cannot agree/confirm this. Are you able to confirm this?) Maybe I didn't get the gist of the instructions, am I missing anything?
6) How do I deal with naked POCs? (stay in the trade? And keep opening new trades daily at IB session?)

Please bear with us for we have yet to understand it. Hopefully you are willing to teach us in this great, active and proficient thread, with 1 a many treats that bear fruit.
Attached File(s)
File Type: mq4 ay-vwap.mq4   7 KB | 379 downloads
File Type: ex4 ay-vwap.ex4   21 KB | 379 downloads
File Type: ex4 riv_ay-MarketProfileDWM.v131-2.ex4   55 KB | 374 downloads
File Type: docx Trading Understanding-1 - HOW TO DETERINE LEVELS.docx   393 KB | 406 downloads
File Type: docx Basic rules final.docx   135 KB | 414 downloads
File Type: ex4 riv_ay-TPOChart.v102-6.ex4   147 KB | 398 downloads
File Type: mq4 MarketProfile_VirginpPOC.mq4   14 KB | 462 downloads
File Type: mq4 MarketProfile.mq4   10 KB | 375 downloads
File Type: zip market-profile.zip   4 KB | 407 downloads
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  • #5,648
  • Jul 12, 2018 3:07am Jul 12, 2018 3:07am
440 Single just got closed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2018-07-12 09-10-41Dax.png Size: 226 KB
Click to Enlarge Name: 2018-07-12 09-08-09YM.png Size: 187 KB
It's a dirty job but someone's gotta do it!
  • #5,649
  • Jul 12, 2018 3:48am Jul 12, 2018 3:48am
question:

if TPO's "singles" need (for some logical reason? or just based on empirical evidence?) to become (at least?) "doubles";

then

one may expect that YM will (soon? first? before going anywhere else? anytime?) re-visit the 24750 level

is this right?

thx.
  • #5,650
  • Jul 12, 2018 4:15am Jul 12, 2018 4:15am
Quoting guidoisot
question: if TPO's "singles" need (for some logical reason? or just based on empirical evidence?) to become (at least?) "doubles"; then one may expect that YM will (soon? first? before going anywhere else? anytime?) re-visit the 24750 level is this right? thx.
I don't know the (technical) reason why markets often go back to cover the single TPOs.

The number of single TPOs is important as well. Markets usually won't go down (or up) to cover a few left singles only.

I see np single TPOs on the DOW around the 24.760
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (16 Renko) 2018_07_12 (11_14_33).png Size: 37 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,651
  • Jul 12, 2018 4:23am Jul 12, 2018 4:23am
Quoting michaellobry
Hi Dutchy. I appreciate your effort to manage this thread, as I'm equally overjoyed to meet another Dutchy. In this thread I came across videos and links, like: - http://www.trading-naked.com/MarketProfile5.htm - https://www.tradingacademy.com/lesso...e-and-pro-gap/ - https://www.earnforex.com/metatrader...MarketProfile/ - https://www.forexfactory.com/showthread.php?t=608433 As a newby in market profile trading, I would like to ask the more experienced traders here. Which S/R...
I will answer your first Q only. This is really to much you are all asking.

- bounce at POC is immportant (old naked POCs and Todays POC) S/R levels
VAH/VAL less important as bounce levels. VAH/VAL are more break out levels

- from IB to POC/VAL/VAH.
No The IB is the first 15 or 30 Minutes of the ETH or RTH/Cash market.
Market needs to break out that zone.

6) How do I deal with naked POCs? (stay in the trade? And keep opening new trades daily at IB session?)
N POC are often targets what has to be tested again. At N POC levels the market(s) often stop there and new targets have to be found again. Mission completed.

I use MP/TPOs for possible targets only. S/R zones.
MP/TPOs shows the structure of the market in past Days or Weeks or ven Months. Depend what TF you trade with.
Scalpers use Daily TPOs
Mid term traders use Weekly TPOs trade for a few Days)
Long term traders use Mothly TPOs
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,652
  • Jul 12, 2018 4:27am Jul 12, 2018 4:27am
Quoting Dutchy Daxy
{quote} I don't know the (technical) reason why markets often go back to cover the single TPOs. The number of single TPOs is important as well. Markets usually won't go down (or up) to cover a few left singles only. I see np single TPOs on the DOW around the 24.760 {image}
thanks for your reply.

it might be for the same reason that gaps tend to be closed.

sometime ago, someone told me the reason for colsing gaps was ... "for closing positions left open just before the gap ocurred" but I never really understood what the meanning of this is, ... assumed that this actually is a correct explanation/interpretation.
  • #5,653
  • Jul 12, 2018 4:48am Jul 12, 2018 4:48am
Quoting guidoisot
{quote} thanks for your reply. it might be for the same reason that gaps tend to be closed. sometime ago, someone told me the reason for colsing gaps was ... "for closing positions left open just before the gap ocurred" but I never really understood what the meanning of this is, ... assumed that this actually is a correct explanation/interpretation.
Maybe you are right.

But I don't believe in GAP close and I don't trade them @ all.
If you watch the chart and see how many GAPs still have to be "closed" (both up & down) you will maybe see my point.

All the Grey marked Close date's are still "GAPS to close"
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-18 (16 Renko) 2018_07_12 (11_47_19).png Size: 86 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,654
  • Jul 12, 2018 12:31pm Jul 12, 2018 12:31pm
Quoting guidoisot
{quote} thanks for your reply. it might be for the same reason that gaps tend to be closed. sometime ago, someone told me the reason for colsing gaps was ... "for closing positions left open just before the gap ocurred" but I never really understood what the meanning of this is, ... assumed that this actually is a correct explanation/interpretation.
Hi Guido, I agree with Dutchy, Please use below gap indicator and backtest how many times the gap closes (in M15, M30, H1, H4 and D1). In my backtesting eventually you come out at an even 50-50%. I also could not find a way to make a strategy (entry/exit) trading gaps. But I am a strong believer of the fact that everything probably has a strategy that can give you an edge if you research this for 1000s of years: you can probably trade profitably just by looking at wicks or buy after '12 bearish candles' as well. But I couldn't find the solution myself.
Attached File(s)
File Type: ex4 Gap Finder holy grail.ex4   14 KB | 363 downloads
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  • #5,655
  • Jul 12, 2018 12:39pm Jul 12, 2018 12:39pm
Quoting Dutchy Daxy
{quote} I will answer your first Q only. This is really to much you are all asking. - bounce at POC is immportant (old naked POCs and Todays POC) S/R levels VAH/VAL less important as bounce levels. VAH/VAL are more break out levels - from IB to POC/VAL/VAH. No The IB is the first 15 or 30 Minutes of the ETH or RTH/Cash market. Market needs to break out that zone. 6) How do I deal with naked POCs? (stay in the trade? And keep opening new trades daily at IB session?) N POC are often targets what has to be tested again. At N POC levels the market(s)...
Thank you. I very much appreciate your effort. Regarding N POC, from the articles that I've read, many traders use different POC strategies and they intepret the S/R differently.

(using Daily TPOs) After two days price may have gone 200 pips down from a N POC. What is your strategy for trading N POC? Stay in the trade in the direction of N POC? Or close it after 2 days or after 200 pips in negative?
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  • #5,656
  • Edited Jul 13, 2018 12:55am Jul 12, 2018 11:09pm | Edited Jul 13, 2018 12:55am
Quoting michaellobry
{quote} Thank you. I very much appreciate your effort. Regarding N POC, from the articles that I've read, many traders use different POC strategies and they intepret the S/R differently. (using Daily TPOs) After two days price may have gone 200 pips down from a N POC. What is your strategy for trading N POC? Stay in the trade in the direction of N POC? Or close it after 2 days or after 200 pips in negative?
As said before:

N POC are targets for me. S/R zones.
I watch the direction of the markets by my MA lines.

If the market is in an up trend, I search for N POC above the price and vise versa.

Same as with the GAPs to close; There are several N POCs above the current price to test and there are several N POCs below the current price to test.

See them as possible targets in the direction of the markets trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 09-18 (16 Renko) 2018_07_13 (06_17_06).png Size: 63 KB
Click to Enlarge Name: RTY 09-18 A (16 Renko) 2018_07_13 (06_15_30).png Size: 149 KB
Click to Enlarge Name: RTY 09-18 (16 Renko) 2018_07_13 (06_16_12).png Size: 76 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,657
  • Jul 13, 2018 1:23am Jul 13, 2018 1:23am
DAX POSSIBLE up target 12.600/ +1.0%. N POC and N VWAP July 10

T1 +16p * 2 lot
1 to gooooooooo
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-18 (16 Renko) 2018_07_13 (08_22_11).png Size: 65 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,658
  • Edited 10:26am Jul 13, 2018 10:16am | Edited 10:26am
Quoting Dutchy Daxy
{quote} As said before: N POC are targets for me. S/R zones. I watch the direction of the markets by my MA lines. If the market is in an up trend, I search for N POC above the price and vise versa. Same as with the GAPs to close; There are several N POCs above the current price to test and there are several N POCs below the current price to test. See them as possible targets in the direction of the markets trend. {image} {image} {image}
Looks US markets want to push up/rally.

Bank earning beyond expectaions.

DOW @ 25K Double top Today? +80p so far last lot (No double top)

RUSSEL @ 1700 +60p last lot so far

Tuff levels to cross before the weekend
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,659
  • Jul 14, 2018 12:43am Jul 14, 2018 12:43am
Quoting Dutchy Daxy
{quote} As said before: N POC are targets for me. S/R zones. I watch the direction of the markets by my MA lines. If the market is in an up trend, I search for N POC above the price and vise versa. Same as with the GAPs to close; There are several N POCs above the current price to test and there are several N POCs below the current price to test. See them as possible targets in the direction of the markets trend. {image} {image} {image}
It's clear as night and day. I got it now! Thank you so much for the effort and help me understand the system better. I really appreciate it. This is a great thread!
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  • #5,660
  • Edited 2:48am Jul 16, 2018 2:19am | Edited 2:48am
DAX looking for 12.550/560/+0.25%

Next up target 595/+0.50%. July N POC zone of July 10

T1 +11p
T2 +22p
1 lot to go
+30p locked in last lot
+40p locked in last lot
+50p locked in last lot
+55p locked in last lot
FLAT +55p last lot

Approching +0.5% now @ 595 zone. Also GAP to close @ 595/July 10th

N POC July 10 hit!
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-18 (10 Renko) 2018_07_16 (09_18_25).png Size: 47 KB
It's better to be out wishing to be in... than to be in wishing to be out!
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