On Point | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Point to Point a.k.a. Deterministic Trading with Orbit the Tool 102 replies

Dow futures point to more than a 1,000-point fall at the open 1 reply

Point and figure charts 7 replies

Pivot point reference point? 7 replies

Attachments: On Point
Exit Attachments

On Point

  • #101
  • Dec 18, 2020 3:04am Dec 18, 2020 3:04am
Quoting Wags
{quote} Borrowed a charger overnight but they had to use it today Battery nearly gone so will be off for rest of the day lol here is indi {file}
ooppss i thought you fixed the charger..

Thanks for the Indi Though
Regret is Brutal
  • #102
  • Dec 18, 2020 7:51am Dec 18, 2020 7:51am
Can someone explain this inexplicable phenomenon:

1. I am using 2 laptops for trading.
2. The same broker (OANDA), MT4 platform.
3. The same settings in the Volume profile on time range indi (as suggested by Wags in the screenshot earlier today).
4. The position of the red line (POC) as shown on the chart on one laptop for AUDUSD is 0.7617, and on the other laptop it is 0.7562.
5. The same happens for GBPUSD and a couple of other pairs that I looked up.

????
  • #103
  • Dec 18, 2020 8:30am Dec 18, 2020 8:30am
Quoting MidnightRun
Can someone explain this inexplicable phenomenon: 1. I am using 2 laptops for trading. 2. The same broker (OANDA), MT4 platform. 3. The same settings in the Volume profile on time range indi (as suggested by Wags in the screenshot earlier today). 4. The position of the red line (POC) as shown on the chart on one laptop for AUDUSD is 0.7617, and on the other laptop it is 0.7562. 5. The same happens for GBPUSD and a couple of other pairs that I looked up. ????
That is weird , I cannot see anything atm as I’m on phone with crappy Moby mt4

Don’t have a clue what would cause that to hapoen
  • #104
  • Dec 18, 2020 9:22am Dec 18, 2020 9:22am
Quoting MidnightRun
Can someone explain this inexplicable phenomenon: 1. I am using 2 laptops for trading. 2. The same broker (OANDA), MT4 platform. 3. The same settings in the Volume profile on time range indi (as suggested by Wags in the screenshot earlier today). 4. The position of the red line (POC) as shown on the chart on one laptop for AUDUSD is 0.7617, and on the other laptop it is 0.7562. 5. The same happens for GBPUSD and a couple of other pairs that I looked up. ????

there is no explanation for this, nor will it influence your actions
these are my poc, s in audusd
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 55 KB
Click to Enlarge Name: AUDUSDM30 hh.png Size: 68 KB
  • #105
  • Dec 18, 2020 4:26pm Dec 18, 2020 4:26pm
wags, could you please share your new template with how many bars back you use for profile? and also how to change color to show last 3 in red else grey?
  • #106
  • Dec 19, 2020 3:50am Dec 19, 2020 3:50am
Quoting ulle73
...and also how to change color to show last 3 in red else grey?
For that you only have to set 4 colors into the new heatmap parameter
Quote
clrRed,clrRed,clrRed,clrGray
  • #107
  • Dec 20, 2020 5:34am Dec 20, 2020 5:34am
Couldnt hardly take any trades thursday and fridy because of laptop charger breaking but got it sorted and looking forward to the coming week
  • #108
  • Dec 20, 2020 7:41am Dec 20, 2020 7:41am
Quoting Wags
Daily profile is set to look back 11 days so that gives me 10 completed and the open day, it gives me all the POC's from those previous 10 days, also i get the previous day VAH and VAL as lines in a different colour. My volume profile by time is set to look back 6 days 8640 1 minute bars. I look for retracement to strong S/R zones to enter created from all POC's
Brilliant thread, subscribed and will follow with interest.

You approach has similarities with mine. I plot the VAH,VAL & POC for the COMBINED volume profile of the last 15 days. Same for the last 5 days.

Then I take it to another level where for the last 3 days I break them down into 3 intra-day profiles covering the Asian (overnight) session, the London morning and London afternoon/USA session combined. These allow me to trade intra-day and try and catch the daily swings/trends of the day. Additionally for these session profiles I can combine them into composite views combining all 3 session together to give a daily volume profile (or even combine multiple days together). Then I trade off the POCs (and any other significant levels) in similar fashion to you.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #109
  • Dec 20, 2020 11:06am Dec 20, 2020 11:06am
Quoting Freefox
{quote} Brilliant thread, subscribed and will follow with interest. You approach has similarities with mine. I plot the VAH,VAL & POC for the COMBINED volume profile of the last 15 days. Same for the last 5 days. Then I take it to another level where for the last 3 days I break them down into 3 intra-day profiles covering the Asian (overnight) session, the London morning and London afternoon/USA session combined. These allow me to trade intra-day and try and catch the daily swings/trends of the day. Additionally for these session profiles I can...

Had to read that twice lol, yes very similar

I like the idea of the long range value high and lows etc, i used to have an indi that showed me all the session profiles and i dont know where it is, im assuming you drop to a lower TF when trading the intraday session POC's
  • #110
  • Dec 20, 2020 11:18am Dec 20, 2020 11:18am
After a quick glance through the charts ive picked out these for my first trades of the week, Dependant on how price reacts at these levels

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM30-short.png Size: 58 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM30-short.png Size: 47 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30-short.png Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30-short.png Size: 58 KB
  • #111
  • Dec 20, 2020 5:00pm Dec 20, 2020 5:00pm
Quoting Jagg
{quote} For that you only have to set 4 colors into the new heatmap parameter {quote}
no, when i do that it messes up the original template...
  • #112
  • Edited 5:23pm Dec 20, 2020 5:10pm | Edited 5:23pm
Straight in on EURAUD, bit of a wide opening but Resistance looks very strong and fridays price closed well down on its VA

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30-enter.png Size: 50 KB
  • #113
  • Dec 20, 2020 5:12pm Dec 20, 2020 5:12pm
Quoting ulle73
{quote} no, when i do that it messes up the original template...

Here is my tpl mate

Attached File(s)
File Type: tpl heatmap.tpl   1.9 MB | 558 downloads
  • #114
  • Dec 20, 2020 6:30pm Dec 20, 2020 6:30pm
Quoting Wags
{quote} Here is my tpl mate {file}
Hey Wags, Do you mind posting a picure of your settings for MarketProfile_v1.16_POC_Heatmap or better yet your Set File as my mt4 is not picking up the indicators on the Tpl file

kind regards
  • #115
  • Dec 20, 2020 6:40pm Dec 20, 2020 6:40pm
Quoting hampy
{quote} Hey Wags, Do you mind posting a picure of your settings for MarketProfile_v1.16_POC_Heatmap or better yet your Set File as my mt4 is not picking up the indicators on the Tpl file kind regards

Ye sure , wouldnt let me upload set but here is a screen of settings, anything below what you see has not been changed

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (22).png Size: 62 KB
  • #116
  • Dec 20, 2020 6:44pm Dec 20, 2020 6:44pm
Quoting Wags
{quote} Ye sure , wouldnt let me upload set but here is a screen of settings, anything below what you see has not been changed {image}
Much appreciaited,Thank you. I look foward to following your journey and learning from you.
  • #117
  • Dec 20, 2020 7:47pm Dec 20, 2020 7:47pm
Quoting Wags
{quote} Hi Sakul yes of course This is main entry , there are others but i think we can easily get enough action with this setup 1, first i look for POC on time range and see if other daily POC's are around this area creating a strong S/R , i prefer if most recent daily POC's are around this area especially previous day 2, i then look at yesterdays value area to see if it is strong or weak 3, then i look to see where yesterday closed, preferably outside yesterdays value area or if it closes inside it needs to be around the VAH or VAL, i also prefer...
Is this along the right lines?
Attached Image (click to enlarge)
Click to Enlarge Name: 6c0d8ab21a723b212e7c2b5fd04b8f65.png Size: 185 KB
  • #118
  • Dec 21, 2020 2:30am Dec 21, 2020 2:30am
I find this strategy very well but I don't understand who helps me go
  • #119
  • Dec 21, 2020 4:35am Dec 21, 2020 4:35am
Would this short on E/U be a nice one following the system?
https://i.gyazo.com/61ab89d08dd24879...11f56ea53c.png
  • #120
  • Dec 21, 2020 4:52am Dec 21, 2020 4:52am
Quoting TheJube
Would this short on E/U be a nice one following the system? {image}
What do you mean exactly
12 traders viewing now