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On Point

  • #2,021
  • Feb 3, 2021 7:48am Feb 3, 2021 7:48am
Quoting hefer
{quote} there is still a move. Caution {image}
What convinced you that there was still something to come?
  • #2,022
  • Feb 3, 2021 7:56am Feb 3, 2021 7:56am
Quoting netsrac
{quote} What convinced you that there was still something to come?
Attached Image (click to enlarge)
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need to close
  • #2,023
  • Feb 3, 2021 8:12am Feb 3, 2021 8:12am
Quoting hefer
{quote} {image}need to close
Thanks for clarify. You have marked a lot of these candles in your chart. Is the H/L Range the only indication for these type of Candles?
  • #2,024
  • Feb 3, 2021 8:23am Feb 3, 2021 8:23am
Hy..... is this a valid setup with correct TP? I mean the low volume area indicated could be quickly eated by buyers is this right?
Thanks
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  • #2,025
  • Feb 3, 2021 8:36am Feb 3, 2021 8:36am
Quoting hefer
{quote} {image}need to close

5M

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  • #2,026
  • Feb 3, 2021 10:02am Feb 3, 2021 10:02am
Quoting Wags
{quote} 5M {image}
bad conscience you short me long
hefer is right
2 purchase limits below poc, we have more buyers on the upper side
Attached Image(s) (click to enlarge)
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  • #2,027
  • Feb 3, 2021 11:08am Feb 3, 2021 11:08am
Hi,

Wags and Kette - how do you manage with Market Profile the fact that current daily volume profile does not show much at the beginning of the day? Eg when I start to screen market at London Open, the daily profile gives little clues where to go. Only when the best part of the trading day has passed the daily volume areas print the daily VAH/VAL etc results in reasonable way.

Attached Image (click to enlarge)
Click to Enlarge Name: 458e46b3cc912dee71e1bff7731ba89f.png Size: 159 KB


So basically you are relying very much on previous days profiles + long term profile on right?

Many thanks!
  • #2,028
  • Feb 3, 2021 11:28am Feb 3, 2021 11:28am
Quoting Wags
{quote} 5M {image}
Attached Image (click to enlarge)
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Thanks & Regards
  • #2,029
  • Feb 3, 2021 11:31am Feb 3, 2021 11:31am
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  • #2,030
  • Feb 3, 2021 11:37am Feb 3, 2021 11:37am
Quoting Ilvez
Hi, Wags and Kette - how do you manage with Market Profile the fact that current daily volume profile does not show much at the beginning of the day? Eg when I start to screen market at London Open, the daily profile gives little clues where to go. Only when the best part of the trading day has passed the daily volume areas print the daily VAH/VAL etc results in reasonable way. {image} So basically you are relying very much on previous days profiles + long term profile on right? Many thanks!

that can help
a look back at who is buying or selling where and when
Attached Image (click to enlarge)
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  • #2,031
  • Feb 3, 2021 12:00pm Feb 3, 2021 12:00pm
Quoting kette
{quote} that can help a look back at who is buying or selling where and when {image}
Hi Kette,

Very Nice Trades.
Can you please share the indi and its settings which is on the Right Hand Side of the Image with Red Lines in it

Thanks & Regards
  • #2,032
  • Feb 3, 2021 12:04pm Feb 3, 2021 12:04pm
Quoting lucky1359
{quote} Hi Kette, Very Nice Trades. Can you please share the indi and its settings which is on the Right Hand Side of the Image with Red Lines in it Thanks & Regards
yes,later
  • #2,033
  • Feb 3, 2021 12:36pm Feb 3, 2021 12:36pm
Quoting kette
{quote} bad conscience you short me long hefer is right 2 purchase limits below poc, we have more buyers on the upper side {image} {image} {image}

I was showing him 5m chart for the 30m/H1 trade

I agree that would be a short term retest of 90.000 but dont think it will go to 90.500 like hefer said before it hits 89.500 like i said lol

Could be wrong though of coarse

Attached Image (click to enlarge)
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  • #2,034
  • Feb 3, 2021 12:51pm Feb 3, 2021 12:51pm
I can nearly smell some profit at last , Decided i cannot take these sort of trades on such a small account as dosent leave any ammo in the tank

Attached Image (click to enlarge)
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  • #2,035
  • Feb 3, 2021 1:24pm Feb 3, 2021 1:24pm
Thank you for the help!

I find the daily Value Area boxes still confusing as they dont work well if there is strong trend ongoing.

When taking price directions from the grey boxes, what can I deduct:

Tue: DOWN
Wed: UP
Thu:UP/DOWN
Fri: DOWN
Mon: UP
Tue: DOWN/UP
Wed: UP

...

Also, if there is strong trend ongoing then long term POC on right might be misleading as price has no intention to return to previously traded volume at all.

But I will continue to learn and observe what you are doing here

Cheers,
I

Quoting kette
{quote} that can help a look back at who is buying or selling where and when {image}
  • #2,036
  • Feb 3, 2021 1:44pm Feb 3, 2021 1:44pm
If I may make a small suggestion to trade entries. GJ has current ADR about 70pips. To get a maximum out from your trade return and short duration, it really helps to pick daily tops/bottoms. This is how I try to approach my daily trades - check long term trend, potential disaster areas (like wedges) and visualise a channel/wedge etc. Then you have a bias for buy or sell and try to execute at the best point during a day.

Attached Image (click to enlarge)
Click to Enlarge Name: 3fddaf9ce0c529015bec18be739c2a36.png Size: 134 KB


BTW, awaiting GJ 900 pips profit might be a long wait, as it only makes about 10pips lower lows on daily basis. So about 3 months or so. Assuming trend continues

Take care,
I

Quoting Wags
I can nearly smell some profit at last , Decided i cannot take these sort of trades on such a small account as dosent leave any ammo in the tank {image}
  • #2,037
  • Feb 3, 2021 3:04pm Feb 3, 2021 3:04pm
Quoting lucky1359
{quote} Hi Kette, Very Nice Trades. Can you please share the indi and its settings which is on the Right Hand Side of the Image with Red Lines in it Thanks & Regards

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 95 KB
Attached File(s)
File Type: rar 1359 .rar   236 KB | 345 downloads
  • #2,038
  • Feb 3, 2021 3:07pm Feb 3, 2021 3:07pm
Quoting Ilvez
Thank you for the help! I find the daily Value Area boxes still confusing as they dont work well if there is strong trend ongoing. When taking price directions from the grey boxes, what can I deduct: Tue: DOWN Wed: UP Thu:UP/DOWN Fri: DOWN Mon: UP Tue: DOWN/UP Wed: UP ... Also, if there is strong trend ongoing then long term POC on right might be misleading as price has no intention to return to previously traded volume at all. But I will continue to learn and observe what you are doing here Cheers, I {quote}
little advice from me, choose a session to act on,
look into the past
  • #2,039
  • Feb 3, 2021 3:32pm Feb 3, 2021 3:32pm
Quoting Mcxtrader
{quote} If possible could you please share the indicator and template of this chart please.

paste everything neatly
finished
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM1.png Size: 114 KB
Attached File(s)
File Type: rar mcxtrader.rar   241 KB | 449 downloads
File Type: rar riv_ay-tpochart.v102-6.rar   634 KB | 412 downloads
  • #2,040
  • Feb 3, 2021 3:40pm Feb 3, 2021 3:40pm
Quoting Ilvez
If I may make a small suggestion to trade entries. GJ has current ADR about 70pips. To get a maximum out from your trade return and short duration, it really helps to pick daily tops/bottoms. This is how I try to approach my daily trades - check long term trend, potential disaster areas (like wedges) and visualise a channel/wedge etc. Then you have a bias for buy or sell and try to execute at the best point during a day. {image} BTW, awaiting GJ 900 pips profit might be a long wait, as it only makes about 10pips lower lows on daily basis. So about...

No way am i waiting lol
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