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On Point

  • #481
  • Jan 12, 2021 4:25am Jan 12, 2021 4:25am
Quoting kette
{quote} ulle you have a mentor he will explain everything to you i know him big words {image} {image}
Why did you took this last trade (losing one)? I am asking, because it didn't matched in the overall image of your other open trades.
Looking for profitable short term trades ...|
  • #482
  • Jan 12, 2021 4:25am Jan 12, 2021 4:25am
Hi guys,

Total noob here but i've downloaded the indicator 'volume profile on timerange' which displays the volume at the right side of the chart
only to find its drawing the profile way down or up the current price? (see snippet)
When i look at Kette's charts above, the current price seems to be included in this display?

Any ideas or templates i can use to mimic the indicator like Kette does?
Attached Image
  • #483
  • Jan 12, 2021 5:06am Jan 12, 2021 5:06am
i dont trade no more with mp, but for people understand: price always seek balance
look at the pictures B = balance I = imbalance

cheers
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Uncertainty of the market must be embraced and accepted.
  • #484
  • Jan 12, 2021 5:09am Jan 12, 2021 5:09am
Quoting Js3mwtRc
{quote} Why did you took this last trade (losing one)? I am asking, because it didn't matched in the overall image of your other open trades.

that is the reason, poc gap my main business
the volume of big players was suddenly there
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  • #485
  • Jan 12, 2021 5:09am Jan 12, 2021 5:09am
Quoting slb
i dont trade no more with mp, but for people understand: price always seek balance look at the pictures B = balance I = imbalance cheers {image} {image}

the master is there
  • #486
  • Jan 12, 2021 5:12am Jan 12, 2021 5:12am
Quoting slb
i dont trade no more with mp, but for people understand: price always seek balance look at the pictures B = balance I = imbalance cheers {image} {image}
Complicated facts - simply explained. Very good!

Offtopic: If you no longer trade MP, what then? And why?
  • #487
  • Jan 12, 2021 5:14am Jan 12, 2021 5:14am
Quoting Wags
{quote} Im doing a bit crap so far this week but its the end of the week that counts for me
everyone has to go through it, a tip take a book
do something else
you don't have to prove anything
  • #488
  • Jan 12, 2021 5:19am Jan 12, 2021 5:19am
GA
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  • #489
  • Jan 12, 2021 5:22am Jan 12, 2021 5:22am
Quoting netsrac
{quote} Why do you think there are buyers? Is it because of the trend?
trend
  • #490
  • Jan 12, 2021 5:24am Jan 12, 2021 5:24am
Quoting netsrac
{quote} Complicated facts - simply explained. Very good! Offtopic: If you no longer trade MP, what then? And why?
i´m a grid trader and i use the concept of exhaustion, balance/imbalance,
because i´m not a sniper or a very accurate trader
and i don't have the time to be glued on the screen

cheers
Uncertainty of the market must be embraced and accepted.
  • #491
  • Jan 12, 2021 5:59am Jan 12, 2021 5:59am
Quoting slb
i dont trade no more with mp, but for people understand: price always seek balance look at the pictures B = balance I = imbalance cheers {image} {image}
Hi Sib

So would this be a target area for you

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  • #492
  • Edited 6:17am Jan 12, 2021 6:06am | Edited 6:17am
Quoting ulle73
{quote} thanks for answering i get there are millons and millions to trade the same charts/templates. But what what i mean is, for example. Now in you latest post. "come from above or below" above /below what? look for gaps? do you trade towards them? through them? use them as reversalpoints? set limit orders? stoporders? how to use correlation? with the correlation indicator you show, i see almost to opposite perfect lines every time. How do you use it to spot a good trade? Again, not criticizing you. Been reading alot about you. I know...

MP m30
LIVE explained above and below


m15 discontinued sorry
Attached Image(s) (click to enlarge)
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  • #493
  • Jan 12, 2021 6:17am Jan 12, 2021 6:17am
Quoting Wags
{quote} Hi Sib So would this be a target area for you {image}
hi wags, yep can be in a future,
i think maybe in the present the boys will move down to clean, just my humble view

cheers
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Attached File(s)
File Type: ex4 FXSSI.Sentiment.Lite.ex4   102 KB | 248 downloads
Uncertainty of the market must be embraced and accepted.
  • #494
  • Jan 12, 2021 6:19am Jan 12, 2021 6:19am
Hey Kette, been finding a good "days of the week indicator", do you have something to try? Thanks
  • #495
  • Jan 12, 2021 6:23am Jan 12, 2021 6:23am
Quoting Foxicle
Hey Kette, been finding a good "days of the week indicator", do you have some to try? Thanks

Yes, that sounds good
  • #496
  • Jan 12, 2021 6:25am Jan 12, 2021 6:25am
I made 70percent on my account this week. All with margin above 500%
Teerex
  • #497
  • Jan 12, 2021 6:29am Jan 12, 2021 6:29am
Quoting HLine
Hi guys, Total noob here but i've downloaded the indicator 'volume profile on timerange' which displays the volume at the right side of the chart only to find its drawing the profile way down or up the current price? (see snippet) When i look at Kette's charts above, the current price seems to be included in this display? Any ideas or templates i can use to mimic the indicator like Kette does? {image}
If you use 1 minute, go to M1 chart and drag the chart backwards because the indicator does not automatically read past ticks.

If you use 5 minutes, go to m5 and drag again, etc.

The red dotted line shows the limit of ticks the indicator can read, just drag more if you want more data.
  • #498
  • Jan 12, 2021 6:42am Jan 12, 2021 6:42am
Okay people must understand the logic of market profile.

It is a logic based on a reflection of everyday markets. Buy low, sell high. You can literally see the graphics of a premium or discounted market.

To simplify things:

VAH = VALUE AREA HIGH = The value is already high so naturally you will sell here.

POC = Market is balanced, meaning buyers and sellers agree that the price here is fair for them both. There are some strategies you can play here if you study more.

VAL = VALUE AREA LOW = The value is already low so naturally you will buy here.

Now the question, we are at VAH but price breaks out from there. This will give you insights on the confidence of OTF (other time frame traders) because originally PIT traders are DAY TRADERS and when the price is already at VAH and it broke out, they know investors/positional traders sees the market as undervalued or cheap and there will be a bull run or the like.

I did not add other elements to simplify the idea.

I will add more to help build the logic behind this.
  • #499
  • Jan 12, 2021 6:43am Jan 12, 2021 6:43am
Quoting Foxicle
{quote} If you use 1 minute, go to M1 chart and drag the chart backwards because the indicator does not automatically read past ticks. If you use 5 minutes, go to m5 and drag again, etc. The red dotted line shows the limit of ticks the indicator can read, just drag more if you want more data.

You can always just do the maths as well and enter it as past minutes

1 Day = 1440
5 Days = 7200
  • #500
  • Jan 12, 2021 6:47am Jan 12, 2021 6:47am
Quoting Wags
{quote} You can always just do the maths as well and enter it as past minutes 1 Day = 1440 5 Days = 7200
Yes, however, even if you choose 5 days but the red dotted line only reaches on the past 3rd day (only reads 3 days of tick data), the volume profile is incomplete.
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