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Daily Analysis of Majors

  • #41
  • Feb 8, 2008 8:11am Feb 8, 2008 8:11am
i am sorry to hear you won't be posting. i have learned a lot from your analysis.

are you really bullish on US equities?i would love to see some of your analysis on that. i have always maintained that the easiest money to be had is in stocks when there is a strong bull market.
  • #42
  • Feb 8, 2008 9:14am Feb 8, 2008 9:14am
I think I understand when to go short or long based on the levels, but I'm still not sure where we get the levels from in the first place.
  • #43
  • Feb 10, 2008 5:32pm Feb 10, 2008 5:32pm
aw bro!

Quoting DownRiverTrader
Hopefully this thread gave you some new ideas or helped with existing ones. I will not be posting anymore updates. I am scaling back on currency positions this year and will be devoting most of my time to positioning for the biggest bull market in US equities ever.

Take care and good luck.
  • #44
  • Feb 10, 2008 5:35pm Feb 10, 2008 5:35pm
yeah im trying to figure this out too.
i think the red values is from the previous nearest tested high added or substracted 5-8 points based on your own risk factor before 17:00 close.

how bout u bro? figure something out?

Quoting hansel
I think I understand when to go short or long based on the levels, but I'm still not sure where we get the levels from in the first place.
  • #45
  • Feb 10, 2008 7:53pm Feb 10, 2008 7:53pm
No, unfortunately, he did not give out very much information. I'd just be guessing at trying to find the levels.
  • #46
  • Feb 11, 2008 12:52am Feb 11, 2008 12:52am
im doing some research and i found out that the value can be obtain using Market Profile indicator on tradestation or metatrader.


Quoting hansel
No, unfortunately, he did not give out very much information. I'd just be guessing at trying to find the levels.
  • #47
  • Feb 11, 2008 4:39pm Feb 11, 2008 4:39pm
this value can be obtain by understanding or using market profile indicator or if u are already master u can definitly see where's the relevant value of price and found the support and resistance.

USDJPY - small bullish

108.10
107.32
106.95
106.66 Down Risk
105.42


values are calculated at north america close 17:00.


this information is used only as educational purposes. any loss or gain aquire by using this info will not be my responsible.
Attached File(s)
File Type: mq4 market profile.mq4   6 KB | 409 downloads
  • #48
  • Feb 11, 2008 4:49pm Feb 11, 2008 4:49pm
Thanks for your explanation. Is this an actual indicator? If so, will you please attach it for our use? Secondly, any additional explanation as to how to use this indicator and make good calculations would be appreciated. Thank you again.
"Loss and failure are inevitable but misery is optional"
  • #49
  • Feb 11, 2008 4:54pm Feb 11, 2008 4:54pm
i already attach it. see post #47.

the use of this indicator based on myself is the longer a price tested on many market ( asia, america and europa ) the stronger the price value be. and that can be used as support or resistant.

thats all i know about market profile.
its quite useful for intraday trading.

Quoting carmel
Thanks for your explanation. Is this an actual indicator? If so, will you please attach it for our use? Secondly, any additional explanation as to how to use this indicator and make good calculations would be appreciated. Thank you again.
  • #50
  • Feb 12, 2008 5:16pm Feb 12, 2008 5:16pm
Today value for 13/02/08 trading day

USDJPY

108.10

107.30 YD Close 17:00
106.90 YD New Value
106.66
105.42

to reduce whipsaw trading only at one hour after london open.

Yesterday small bullish was closed at 107.32

This info is for educational purpose only. gain or loss will not my responsible.

im trying to perfect this trading method given by bro DRT.
  • #51
  • Feb 12, 2008 5:28pm Feb 12, 2008 5:28pm
hello reader,
if u want info for calculating the values read the DRT PDF files at first page of this thread.
to download market profile indicator go to post 47.

happy trading.
  • #52
  • Feb 12, 2008 7:20pm Feb 12, 2008 7:20pm
agung85 pls advise how you arrived at these four figures? i have access to future contracts for all the currency pairs, which month's chart should i look for to find the levels tested by price? thanks in advance bro.
regards
Quoting agung85
this value can be obtain by understanding or using market profile indicator or if u are already master u can definitly see where's the relevant value of price and found the support and resistance.

USDJPY - small bullish

108.10
107.32
106.95
106.66 Down Risk
105.42


values are calculated at north america close 17:00.


this information is used only as educational purposes. any loss or gain aquire by using this info will not be my responsible.
  • #53
  • Feb 12, 2008 8:39pm Feb 12, 2008 8:39pm
hi kenneith,

im using market profile indicator (post 47 to download the file for MT4) to arrive at that value of price.
and using 1 hour chart bro.

heres what i understand on how to read MP indicator :

the more the price traded at asia, america and europa session the bigger the value of that price, and that price can become support or resistant for the next day.

this was based on my understanding on bro DRT trading technique, so if i cant give more and good information for you plz forgive me.

Quoting kenneith
agung85 pls advise how you arrived at these four figures? i have access to future contracts for all the currency pairs, which month's chart should i look for to find the levels tested by price? thanks in advance bro.
regards
  • #54
  • Edited 11:23pm Feb 12, 2008 11:08pm | Edited 11:23pm
agung85

O. K. does this look like your chart ???
Attached Image (click to enlarge)
Click to Enlarge Name: market ind.gif Size: 38 KB
Warning, lack of trading is dangerous to your survival......
  • #55
  • Feb 12, 2008 11:40pm Feb 12, 2008 11:40pm
yes it does looks like that heheheh.

blue value came from the close of north america close 17:00
red value came from nearest yesterday session price with longest Market profile.
black value came from yesterday untested relevant price or untested yesterday relevant red price.
because the price can change from day to day.

thats what i get from DRT technique.

after some search i found anther market profile.mq4 with easy parameter to edit.

Quoting william5
agung85

O. K. does this look like your chart ???
Attached File(s)
File Type: mq4 Market Profile1.mq4   5 KB | 400 downloads
  • #56
  • Feb 12, 2008 11:55pm Feb 12, 2008 11:55pm
Thank You....
Warning, lack of trading is dangerous to your survival......
  • #57
  • Feb 13, 2008 12:08am Feb 13, 2008 12:08am
youre welcome bro

Quoting william5
Thank You....
  • #58
  • Feb 13, 2008 3:37pm Feb 13, 2008 3:37pm
Agung85 which price you are talking about? is it open, close, high, low of each session? are you looking at future contracts or on spot price? thanks in advance. UJ crossed yr higher target today, excellent work you are doing, keep it up bro.
regards
Quoting agung85
hi kenneith,

im using market profile indicator (post 47 to download the file for MT4) to arrive at that value of price.
and using 1 hour chart bro.

heres what i understand on how to read MP indicator :

the more the price traded at asia, america and europa session the bigger the value of that price, and that price can become support or resistant for the next day.

this was based on my understanding on bro DRT trading technique, so if i cant give more and good information for you plz forgive me.
  • #59
  • Feb 13, 2008 5:41pm Feb 13, 2008 5:41pm
hello again bro,

bro basicly the concept is same whether you trade futures,cfd,metals and spot forex. but im trading spot forex so im looking at spot value.

the blue value is closed price of north america session which is 17:00

the red value is nearest relevant price with longest market profile or sometimes its only small market profile but the price have been hold and make a support / resistant (look at the picture i attach im sure u can understand).

the black value is value that wasnt tested yet or have long market profile, sometimes its taken from past too (when price get back to spesific price value).

if theres any question ill try my best to answer based on my knowledge on bro DRTs trading technique.

Quoting kenneith
Agung85 which price you are talking about? is it open, close, high, low of each session? are you looking at future contracts or on spot price? thanks in advance. UJ crossed yr higher target today, excellent work you are doing, keep it up bro.
regards
Attached Image
  • #60
  • Feb 13, 2008 5:55pm Feb 13, 2008 5:55pm
values for 14/02/08

USDJPY

108.94
108.32
107.97
107.32
106.90
106.66
105.42

yesterday trade can be closed at 108.10, or can be hold with SL at 107.97 to test 108.35 and 108.94.

this info is for educational purpose, loss or gain is not my responsibility.
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