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

  • #7,781
  • Nov 21, 2018 12:21am Nov 21, 2018 12:21am
hi! Daxy! Wat zijn je intraday renko settings voor DAX, NQ en YM ?
  • #7,782
  • Nov 21, 2018 2:15am Nov 21, 2018 2:15am
Quoting TrendRider86
hi! Daxy! Wat zijn je intraday renko settings voor DAX, NQ en YM ?
Top Left Hand Corner of each chart.
DAX - followed by number = renko bar setting
Same for NQ, YM, Dow or SP.
Clues are on the charts!
Cut your Losers short and let your Winners run.
  • #7,783
  • Nov 21, 2018 3:33am Nov 21, 2018 3:33am
Thank you. Yes I have seen the charts and there are different kind of renko bricks available, several of which have reversal in ticks as well...
  • #7,784
  • Nov 21, 2018 5:35am Nov 21, 2018 5:35am
Quoting TrendRider86
Thank you. Yes I have seen the charts and there are different kind of renko bricks available, several of which have reversal in ticks as well...
In Ninja Platform there is one kind of Renko brick only. The setting is the size of the brick.

MDAX Renko 20 the size of the brick is 20 points
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,785
  • Nov 21, 2018 5:45am Nov 21, 2018 5:45am
thnx!! Ill start my backtesting with your settings
  • #7,786
  • Nov 25, 2018 9:33pm Nov 25, 2018 9:33pm
Quoting Dutchy Daxy
{quote} In Ninja Platform there is one kind of Renko brick only. The setting is the size of the brick. MDAX Renko 20 the size of the brick is 20 points
Greetings dutchy, could you explain me this please..
- pocket gap monthly gets filled, after that that same zone acts as Support, hows that possible? i tought that only poc zones can act like that.

Hope have a great week
Attached Image (click to enlarge)
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  • #7,787
  • Edited 6:35am Nov 26, 2018 6:17am | Edited 6:35am
Quoting Jesse292
{quote} Greetings dutchy, could you explain me this please.. - pocket gap monthly gets filled, after that that same zone acts as Support, hows that possible? i tought that only poc zones can act like that. Hope have a great week {image}
Hi Jesse.

First: I don't watch Monthly TPO charts. Daily & Weekly TPOs only

Second: i tought that only poc zones can act like that .
Who told you that? Not true.

Price goes back up or down to fill a TPO pocket or a GAP between Days.
When that mission is done markets always wait for/react on news, rumors, etc.

A POC level is always a support or Res level. The market was in balance in that period on that POC level/zone.
Price often goes back to that level to test again and there the market/traders has to decides where to go from there.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,788
  • Nov 28, 2018 3:09pm Nov 28, 2018 3:09pm
Quoting Dutchy Daxy
{quote} Hi Jesse. First: I don't watch Monthly TPO charts. Daily & Weekly TPOs only Second: i tought that only poc zones can act like that . Who told you that? Not true. Price goes back up or down to fill a TPO pocket or a GAP between Days. When that mission is done markets always wait for/react on news, rumors, etc. A POC level is always a support or Res level. The market was in balance in that period on that POC level/zone. Price often goes back to that level to test again and there the market/traders has to decides where to go from there.
i get it know, Thanks!
  • #7,789
  • Nov 28, 2018 5:33pm Nov 28, 2018 5:33pm
Quoting v2vboni
Now I am seeing it clearly with your DAX trading Dutchy.... {image}
Hello, did you have any mt4 market profile that conjoin profiles? current week and previus week. Greetings
  • #7,790
  • Nov 29, 2018 12:06am Nov 29, 2018 12:06am
Quoting Jesse292
{quote} Hello, did you have any mt4 market profile that conjoin profiles? current week and previus week. Greetings
No I use Ninja Trader platform and not MT
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,791
  • Nov 29, 2018 5:10pm Nov 29, 2018 5:10pm
Quoting Dutchy Daxy
{quote} No I use Ninja Trader platform and not MT
Hi, in dji, theres a daily low usage zone, How would you trade this? what settings are your t3? w
Greetings Dutchy
Attached Image (click to enlarge)
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  • #7,792
  • Dec 3, 2018 3:55am Dec 3, 2018 3:55am
Quoting Jesse292
{quote} Hi, in dji, theres a daily low usage zone, How would you trade this? what settings are your t3? w Greetings Dutchy {image}
Please read this first.

https://www.forexfactory.com/showthr...7#post11460377
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,793
  • Edited 10:11pm Dec 3, 2018 8:33pm | Edited 10:11pm
DAX
Scalping in Asian Session +25 x 2
Trend bearish as per Dutchy's analysis
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  • #7,794
  • Dec 3, 2018 8:49pm Dec 3, 2018 8:49pm
Quoting Dutchy Daxy
{quote} Please read this first. https://www.forexfactory.com/showthr...7#post11460377
Ty
  • #7,795
  • Dec 3, 2018 9:07pm Dec 3, 2018 9:07pm
Quoting Dutchy Daxy
{quote} Hi Jesse. First: I don't watch Monthly TPO charts. Daily & Weekly TPOs only Second: i tought that only poc zones can act like that . Who told you that? Not true. Price goes back up or down to fill a TPO pocket or a GAP between Days. When that mission is done markets always wait for/react on news, rumors, etc. A POC level is always a support or Res level. The market was in balance in that period on that POC level/zone. Price often goes back to that level to test again and there the market/traders has to decides where to go from there.
Hey Dutch,

I am new to Futures and my understanding of TPO is quite limited. Would you recommend using POC as support/resistance for intraday? I have seen others use it as SR but I don't get it. POC on my intraday chart (30-second) makes sudden and rapid moves for some weird reason during NYSE first hour. Even the peaks and valleys (the pockets) in market profile seem to be unreliable for intraday.

I started futures just 2 months ago with NQ only so I am sure it is tied to immense volatility we are seeing in NQ but just in general, I am curious how market profile works on an intraday basis on just price alone. VWAP seems to be more reliable than POC (or any other moving average for that matter). Even trade weighted mean price seems to be better than POC. It could be a setting in Sierra Charts (new again on this platform and it comes with a huge learning curve).
Staying in my lane...
  • #7,796
  • Edited 10:43pm Dec 3, 2018 10:13pm | Edited 10:43pm
Quoting RisingSun
DAX Scalping in Asian Session +25 x 2 Trend bearish {image}
Markets are closing the Daily Gaps & TPO GAPs made during the Monday morning Us<>China "relief rally".
Doubts rise now. Deal or no deal? All rather vague.

US markets closed Tomorrow.

Still short DOW & NQ Futures 1 lot.
Also in DOW & NQ CFD Swing Shorts since the price crossed my Swing MA line Yesterday to the downside (price line became red)

They left a HUGE Gap on the Monday morning which had to be filled.
Little GAPs are often not worth to fill. Huge GAPs (like the last Weekend GAPs) are a gift from heaven.

GAPs are almost filled now
Attached Image (click to enlarge)
Click to Enlarge Name: US Tuesday morning.JPG Size: 132 KB
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,797
  • Dec 3, 2018 10:17pm Dec 3, 2018 10:17pm
Quoting Dutchy Daxy
{quote} Markets are closing the Daily Gaps & TPO GAPs made during the Monday morning Us<>China relief rally. Still short DOW & NQ Futures 1 lot. Also in DOW & NQ CFD Swing Shorts since the price crossed my Swing MA line Yesterday to the downside (price line became red) They left a HUGE Gap on the Monday morning which had to be filled. GAPs are almost filled now {image} {image} {image}
DAX will likely open lower. Also got a GAP to close
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,798
  • Edited Dec 4, 2018 12:09am Dec 3, 2018 11:58pm | Edited Dec 4, 2018 12:09am
Quoting VEEFX
{quote} Hey Dutch, I am new to Futures and my understanding of TPO is quite limited. Would you recommend using POC as support/resistance for intraday? I have seen others use it as SR but I don't get it. POC on my intraday chart (30-second) makes sudden and rapid moves for some weird reason during NYSE first hour. Even the peaks and valleys (the pockets) in market profile seem to be unreliable for intraday. I started futures just 2 months ago with NQ only so I am sure it is tied to immense volatility we are seeing in NQ but just in general, I am...
A POC (Price Of Control) is a place where is traded most of the time during a Day (Daily TPOs) or during a Week (Weekly TPOs)
On my TPO program the setting is: every 30 Min a new TPO block plotted. (like a 30 Min candle)
So weather you use a 30 sec chart or a 3 Hr chart, it makes no difference for the TPO plots.

The Daily POC gets more value during the second half of the Day. (The Weekly POC gets more value after a few Days).
In the early morning the POC is still developing and can change from place/level. Depends the PA.
The pockets are made after a rapid move (up or down) only. Heavy PA. When the markets calms down, they could try to go back to fill the TPO pockets.

Keep in mind that TPOs are not an indicator. Its just a data base which shows where the markets have traded the most of the time (POC) and shows pockets where is traded very light.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,799
  • Dec 4, 2018 12:06am Dec 4, 2018 12:06am
Quoting Dutchy Daxy
{quote} A POC (Price Of Control) is a place where is traded most of the time during a Day (Daily TPOs) or during a Week (Weekly TPOs) On my TPO program the setting is: every 30 Min a new TPO block plotted. So weather you use a 30 sec chart or a 3 Hr chart, it makes no difference for the TPO plots. The POC gets more value during the second half of the Day. In the early morning the POC is still developing and can change from place/level. Depends the PA. The pockets are made after a rapid move (up or down) only. Heavy PA. When the markets calm down...
Thanks. That is what I understood reading about it... but what I do not understand is why POC could act as a S/R? if price went up and down a price point a 1000 times in an hour, it means nothing without actually factoring the equation of "volume" i.e. how much volume was traded at that price? POC, from my limited understanding, means just another line or moving average. It probably is just a point of reference but does nothing to provide directional bias from my limited viewpoint.
Staying in my lane...
  • #7,800
  • Edited 5:07am Dec 4, 2018 12:22am | Edited 5:07am
Quoting VEEFX
{quote} Thanks. That is what I understood reading about it... but what I do not understand is why POC could act as a S/R? if price went up and down a price point a 1000 times in an hour, it means nothing without actually factoring the equation of "volume" i.e. how much volume was traded at that price? POC, from my limited understanding, means just another line or moving average. It probably is just a point of reference but does nothing to provide directional bias from my limited viewpoint.
A POC level shows the level where the market is in balance. Nothing more then that.
Has nothing to do with volume or MA lines.

If the market is sideways (in a narrow range), the price will remain close to the POC.

The POC doesn't work as an MA line. An MA line reacts on very different things.
An MA line calculates the average of the PA. Depends how fast the setting of the MA lines is and which kind of MA line is used and what kind of chart you use. Minutes/Renko/etc.
An MA line takes out the "noice". The slower the MA is set, the less noice is seen on the MA. An MA line "indicates" that the price COULD go in a certain direction. Thats an indicator.

As said before: MP/POC is NOT an indicator and shows therefore different things.
MP is a database what shows GAPs/TPO pockets/H & Lows of the market and the structure of the markets. (Todays market structure and previous Days/Weeks market structures/TPO buildings)

When the price is above the POC, traders will try to get the price higher and vise versa.
Daily traders battle against Weekly traders and Weekly traders battle against Monthly traders/investors

So it depends what TPO setting you use. Daily/Weekly/Monthly. Same way as you choose what kind of TF/Chart Period you watch.
Thats the battle between different TF traders.
Daily TF traders/Scalpers watch very different things then Weekly TF/Swing traders or Monthly TF traders/Big institutions.

Daily TPOs (scalpers)
Weekly TPOs (medium TF traders)
Monthly TPOs (long TF traders)

I use the Daily POC/TPOs for scalping and Weekly POC/TPOs for Swing trades, but I always watch the PA in relation to my MA lines.
Above or below my Swing MA line (T3 MA lines only)
Once the price is above my Swing MA line I surch for targets in the previous Daily/Weekly TPO buildings and below my Swing MA line vise versa.

With a Weekly TPO setting you ignore the noice in the market and try to take longer running Swing trades. Requires bigger SL and has nothing to do with Daily scalping.

Eg: I could be in a Swing Long CFD trade and in the mean time I could take a Short Future scalp.
It's better to be out wishing to be in... than to be in wishing to be out!
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