Since we are told price is attracted to the Virgin POC. with VSA entry is placing a sell stop below the 1hr chart ND up bar, and wait for it to hit the POC.
What do you guys think, will we retest this balance area?
Ignored
Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm leaning more towards a retest of the top POC at the moment.
Regarding your indy for profile, i use the iPolo market profile indy which i believe i found on Malc's VSA thread. It seems quite accurate.
Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm leaning more towards a retest of the top POC at the moment.
Regarding your indy for profile, i use the iPolo market profile indy which i believe i found on Malc's VSA thread. It seems quite accurate.
Ignored
Does it also mark the VAH and VAL? or just POC? I have been using it but only see POC's???
Does it also mark the VAH and VAL? or just POC? I have been using it but only see POC's???
Ignored
yeah, unfortunately it only prints the POC. but if you set showProfile to true it shows the complete profile and you can easily estimate the value area. I've been trying to figure out how to modify the indy to show a VAH and VAL line like HG has on his latest charts but so far to no avail...
Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm leaning more towards a retest of the top POC at the moment.
Regarding your indy for profile, i use the iPolo market profile indy which i believe i found on Malc's VSA thread. It seems quite accurate.
Ignored
Cool, check out the euro futures volume profile, seems more clear. Still a higher POC
Joined Jan 2010
|
Status: I'm the greatest, man
|2,514 Posts
Here I've entered off of no selling pressure following strength, I'm targeting the blue area which is supply, previous support, and a high volume node.
Joined Jan 2010
|
Status: I'm the greatest, man
|2,514 Posts
Here's the dollar index. It is stretching up for its big balance area. I took the screen shot a couple minutes ago, and it is now just reaching the area.
|
Joined May 2010
|
Status: Day by Day
|1,004 Posts
let's see how the rest of the day shapes up, but yesterday's and today's POC are still up there at 1.3800 and today's is currently slightly higher than yesterday's. More reason to believe this is a shakeout similar to last Friday. and if its not just a shakeout, we'll very likely need to go up at some point to test those higher value areas.
Also wanted to point out if you merge yesterday's profile with Tuesday's profile, you'll see that yesterday filled in the void area from Tuesday's profile. I read somewhere that when low areas get filled that is a sign of value building in that direction. So since yesterday filled the void are higher than Tuesday's POC, the market is still building a case for higher value.
I might try a long today if the setup comes about, but for now i'm still watching.
|
Joined May 2010
|
Status: Day by Day
|1,004 Posts
Here's the volume profile for EU since the start of 2010. As you can see EU it is currently right at the value peak for hte last year. what is also shown are clusters of monthly POC. 3940&3960 above, and a cluster around 4280. Below a cluster around 3600, then down to the 3333 area.
Not quite sure what to make of it yet, and maybe too longer term for intraday trading, but it does at least point out major supply and demand levels.
As frankk mentioned in a previous post, we are now in a major value area which should act as strong demand.
Thanks for adding some more resources. I too will have my place to myself this weekend as my girl is visiting her family's farm.. Very glad to have work to keep me here lol. I'll be hitting this up as well.
Gonna be watching the Asain session for long opportunities if they're presented
Thanks for adding some more resources. I too will have my place to myself this weekend as my girl is visiting her family's farm.. Very glad to have work to keep me here lol. I'll be hitting this up as well.
Gonna be watching the Asain session for long opportunities if they're presented
Ignored
same here...bullish volume has started to present itself on the M5 and a bit on the M15 as well.
