Blue's Clues to Trading: Timing Levels and Behaviour of Price

What's this got to do with the price of Japanese matcha in China?

oops. Sorry. Wrong thread

Where do you anchor your vwap?
Month open, WK open, day open etc...

I bought a big bag of some expensive Matcha ONCE lol....gave it away....not my cup o tea !

Hi Merka good question... out and about just at the deli for a Reuben sandwich yum yum and some pastrami.

Will post up some charts when home as have had some saved for this..

In a nutshell..I have 3 dedicated indis VWAP session(daily)/Weekly/Monthly toggle them on and off
usually daily is always on. I will anchor to the US open whether its Gold 820 Energies 9 Indices 930 and others.

And,,, always an and... I will anchor to high impact candles CPI PPI etc or anomalies..as well as Recent swing highs lows.

Seems like alot im sure to some..but like anything..using the right tool at the right time for the right job,

More later...Reubens are arriving

Cheers

[quote=RickM;15352123]{quote} Hi Rmg Just about every single Volume Profile & VWAP trader will also trade Support and Resistance. Not using a bunch of Line's But rather using Volume Profile Low Volume Nodes instead. Here was today's Low Volume Nodes on Gold Futures based on using the weekly Volume Profile. Tomorrow the important levels are the same still - TRADE THEM 3414 3390 3380 See how the Low Volume at these levels confirms Support & Resistance. and count the cash? {image}[/quote
Vwap bands confusing my decision making process. LVN/HVN/POC huge edge is there no doubt about it.
Also IB high/low/mid/EXt areas super area to initiate/target areas.
Whats good about gold is every little round numbers there is a boune/reaction, great for scalping.
I use levels from only from same day or previous day. Ignoring the others.
Which can't expect from indices.

Hi Rmg,,,, I must say I cant stand a crowded chart...Like a box of spilled spaghetti noodles.. I know some guys like to draw out all the major LVN HVN etc
add in round numbers...Daily levels vwap and wow the chart gets cluttered very quick..Even though they are all very useful.

I generally keep Vol Profile off my main trading screen. Its toggled on or off or another chart tab... I cant process too much,,,

For me it's IB and VWAPs,,,i keep daily levels on another screen as well. and I agree same day prev day levels are more than enough.

Cheers

Important concept:

Initial Balance levels and VWAP levels

Initial Balance we have
IBH/VAH
50%/POC
IBL/VAL

VWAP
1SD/VAH
VWAP/POC
1SD/VAL

The highs and lows of these represent FAIR VALUE...So long as price is within these levels it is in fair value/acceptance.
When price breaks out of these levels and holds it is in Price Discovery.... Or seeking new Fair Value...a place where
buyers and sellers agree... Considering the market is simply an Auction.

Why do I use IB and VWAP.... TIME PRICE VOLUME the 3 amigos.

Simply
IB represents VALUE based on TIME
VWAP represents VALUE based on VOLUME
PRICE is the common denominator that ties them together.

Next important concept is this:

These LEVELS are in play for a minimum of 24 hours...
So for ex... Gold opens at 820am NY The IB levels are in play from the close of that day thru Globex Asia and UK until the start of the next session..
and often they will overlap into that next session and be of the utmost importance...Moreso than the current days levels .

And part of this comes from the market on a larger timeframe DAILY say... Markets will move from one days fair value into discovery and find new value the
next day..Often it will test the prev days value as S&R..Or simply supply and demand ( think Auction process)

Here's a few recent charts to illustrate...just randomly grabbed charts...

And I must say the Gold charts with VWAP examples..This happens repeatedly and of course on all instruments.



THis Gold chart shows VWAPs anchored to both 820 opens. Observe the Behaviour of Price around VWAP/POC red lines


Now in this next Gold chart...Same chart as above, but ive switched my indi to extend IB levels to next days open.
Observe how the IB levels behave in close unison to VWAP levels... very powerful setups.
***and of course pay attention to the Open***

could u please write how those oportunity you used..

You are asking for alot...but I get it. The below is written to whomever is reading not just Mr777

You have to realize Mr777 that no matter what I show..How detailed I get..We will always trade differently
and the outcome will be different... My outcome has zero to do with your outcome.. far far too many variables.

What I can do is help you with the basics..but you have to do the work and you have to execute and learn.
Maybe your a seasoned trader...I dont know.. but I am approaching this from the angle of a newer trader.

So Thank you Mr 777 for asking I can go on and on for hours about this..Love the game.
But do your homework... I only have limited time that I can give here....Life's fleeting very, very fast.
and my long replies...take an hour of my day,, my choice I understand.

I can only do so much...

NOW:
FIRST READ MY ABOVE POST most will not realize it..but it is Gold and I dont say that lightly.
WHY is it Gold ? Because it outlines the Frame and Structure to build a Solid Trading Foundation.

The market is a 2way Auctions Buyers Sellers seeking Fair Value..seeking Price Acceptance.
That is the engine of the market.
Volume is the fundamental engine of price movement. Without transactions (volume), price cannot change.

Now Go back and REREAD my above post AGAIN .. The market is ALWAYS in search of VALUE.

WHAT am I using to Find VALUE ? IBH and VWAP....Volume Profile is just to far over most peoples head until you understand
more about AMT (Auction Market Theory)

WHAT did I say about IBH ???? IT STAYS THE SAME FROM NY OPEN 24hrs TO THE NEXT SESSION... ***IMPORTANT***

So with that said how will I structure my chart ? Well I will put a IB indi on OR simply Mark out a chart with
IBH
50%
OPEN
IBL
and extensions which are nothing more than measured moves of IB range.

So I will post a few charts from one of the Yen pairs and will just use the GJ nothing cherry picked
they will all show variations of what I will now show....

What am I going to show ? simply the IB and VWAP... and how those LEVELS play out .

That is how I would approach those Yen charts you questioned.

Exact entry and exit methods I'm simply not going to get into details.

Moreso this is about STRUCTURE of the Market in relation to VALUE and using IB and VWAP to guide our decisions.

NOW GO BACK AND REREAD MY ABOVE POST AGAIN ..Drill it into your head.
Why read it again,,because I think it goes over most peoples head..and if you really want to succeed in this
business you/we need to level up our skills and understanding of the markets...
We are trading against the smartest the fastest the most skilled traders in the world.

It's like anybody being able to walk up to a Professional sporting event ,,Lets say Golf and be able to
actually enter the tournament and play SIDE BY SIDE the best in the world..
I would say 98% of us will lose. Or step onto a football pitch and think we can take the ball past Lionel Messi and Cristiano Ronaldo !
It just isnt going to happen..

SKILLS SKILLS SKILLS...and I always include myself in everything I ask of others..I am average Joe. No Genius.
What I show not the best. Many make more etc etc etc...

We all need to up our skill levels continually every day 1% better as traders as humans.

OK so reread my above post again.. Yes I know I dont write the best or make things clear as a bell.
Clear as mud is my specialty

NEXT STEP:
SETUPS
As pertaining to the Asian
I am looking for opportunities to FADE VAH VAL of Initial Balance/IB and VWAP
I am looking for opportunities to Join in PRICE DISCOVERY / BREAKOUTS
I am looking for opportunities to FADE PD ↑↑↑↑ RETURN to VALUE
I am looking for opportunities to BUY/SELL VWAP BOUNCES


All of this is for the benefit of whomever is reading...take it or leave it.. But I think all can benefit
from learning about AMT and structuring their trades around IB levels etc. We are a minority in the markets.
The Algos run the other 80% for the most part.. They without a shadow of a doubt are using these exact levels
and VWAP as cited by Ken Griffin.

Even though I am replying to Mr777....What I have written is pertinent to everyone who is interested...

So with all said heres some charts.... Yes I am always AWARE of basic classic chart patterns,,,,,
It's like driving a car or riding a bike....Unconscious competence ,,,being aware of your surroundings.

A chart is nothing but a Map..When you have structure such as North South East West and References(ex The Sun)
you can guide yourself...and of course we will make wrong turns... The charts are nothing but Maps ..IMO

Thats it for today !
Cheers !

When you know, you know..
How important Timings Levels Behaviour of Price is.
Time Volume Price...

FX CFDs Crypto Futures Commodities Stocks
Across the board,,,,,,,

Remember:
Initial Balance represents VALUE based on TIME
VWAP represents VALUE based on VOLUME
PRICE is the common denominator that ties them together.
(Just my own interpretation of these)

Some charts showing how time,,The 1 hour Initial Balance once closed sets Price based LEVELS
Retail is not moving price day in and day out to these LEVELS...Algos are.

Thank you to George AUS for setting me on the correct path,,,albeit different but the genesis
of Timings Levels Behaviour of Price comes from many many hours of chart time with George
Observing Price and Time in many different scenarios.... Volume has levelled the ball game up.
Something RickM has been pounding on for years.

Anyways its a lifelong process of honing your edge,,and of course charts are only one part of that
multi-faceted edge

As my friend Stacey Burke always says..How good can you get traders ! 1% better every day !


6J Yen futures




Bitcoin Futures



How about Aud Usd Fx



Maybe GU




What about Swiss Yen ? Why would the U.S. market set the levels ?
Must just be a coincidence

As I said Ken Griffin from Citadel is on record stating how Algos follow VWAP.
Market 80% Institutional(Algos) / 20% Retail
Level up your skills...or does your ego tell you nahhh doesnt apply to me...
Same way the Ego says..Naaaah I dont need to journal.. Im better than that... Ya right...

Does it applies to FX ? VWAP is more of stocks thing. One trading session.
Will US session FX traders care that Asia session trades are below VWAP and London trades are above it ?

https://www.forexfactory.com/thread/...8#post15354388

A Stacey Burke follower?

Yep Cam Benson very nice pleasant young fellow. He puts his own spin on some of Stacey's concepts.

Hello,

for gold for example, are you connected to COMEX for volume data for your vWAP or CFD account?

Real-time data for CME, CBOT, COMEX, and NYMEX

$11 mth Canada

Jackson Hole Fed Chairman Powell barely said a few words and the market(s) went bananas....
from Crypto to FX to Futures Commodities Stocks...the whole shabang.

Now we retail compromise at most they say 20% of the market and we are mostly mouse clickers
although some of us may use StreamDecks Quick but still button clicking lol....

So how did the markets move so fast....ALGOs

The Algos mainly run on SIP data..although they may have direct links to the various exchanges as well.

What is SIP ?
https://focus.world-exchanges.org/ar...aq-market-data
The U.S. Securities Information Processor (SIP) is often considered the example for market data around the world. But how does it really work?
U.S. stock markets have 16 different exchanges, all competing to quote and trade each stock. There are also around 30 dark pools (ATSs) and numerous single-dealer platforms that match trades off exchange.
The SIP effectively stitches all that fragmentation back together. It mandates the consolidation of best prices across all 16 exchanges in the U.S. market (the NBBO).




Eric Scott Hunsader a software developer developed what is called NANEX....amazing amazing stuff a very unique company.

Anyways a number of years ago he published videos on Youtube showing the SPEED of Quotes and Orders,,,
IT IS MINDBLOWING....

I say all this as I peruse the forum and see some of the comments... Like... Oh "Im waiting to analyze what Powell says watching for key words."
But the market reacted within a second as volume poured in across the board...NOT RETAIL !

ALGOS this is how the 80% of the markets work....

These videos will show how the market can move as quickly as it did..

One second is an Eternity in the Algo world literally,



The following 2 min video, below, shows 1/20th of a second of trades in Nokia 11 yrs ago,,, Mindblowing 1/20th of a second stretched to 2minutes
how many trades are executed...And to think how much faster things are now compared to 11 yrs ago !!!




Just a parting thought...Trading without a stop...Traders think ahhh if the market goes against me I will just get out... Not the best plan

And one other thought...How can we as traders hop on the coattails of these Algos ? ahhh thats what Timings Levels Behaviour of Price is all about

Cheers

Complete bollox of course!

The market can only move when Pete pops the kettle on and Aus power companies have to compensate for the extra surge!!