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  • #681
  • Mar 1, 2011 9:41am Mar 1, 2011 9:41am
Quoting frankkn
That's what I was watching (not hindsight), but recently I've been wanting my UT to come first, especially against the longer term trend. I decided not to enter because it didn't fit my plan.

As for a long trade now this shakeout has been confirmed, now looking for test/NBP/ND
i assume you mean NSP/NS for a long. closed my long for +8. this narrow VA today is concerning as Alex points out. if price hangs around here too long, today's POC has a greater chance of being lower than yesterday. On the sidelines for now.

alex, regarding vpoc, there is also a weekly vpoc a bit lower at 3674 from last week. but also note Feb's VAH is around 3740 and has been holding nicely so far.
Change is the only constant
  • #682
  • Mar 1, 2011 9:44am Mar 1, 2011 9:44am
Quoting frankkn
That's what I was watching (not hindsight), but recently I've been wanting my UT to come first, especially against the longer term trend. I decided not to enter because it didn't fit my plan.

As for a long trade now this shakeout has been confirmed, now looking for test/NBP/ND
Had my order ready for this, but volume wasn't lower than previous 2. Lol I've been sitting on the side lines all day watching these pretty swings. At least tgwhbb was in on that !
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  • #683
  • Mar 1, 2011 9:46am Mar 1, 2011 9:46am
Quoting tgwhbb
i assume you mean NSP/NS for a long. closed my long for +8. this narrow VA today is concerning as Alex points out. if price hangs around here too long, today's POC has a greater chance of being lower than yesterday. On the sidelines for now.

alex, regarding vpoc, there is also a weekly vpoc a bit lower at 3674 from last week. but also note Feb's VAH is around 3740 and has been holding nicely so far.
Lol yes I'm always mis-labeling those guys you know what I mean. Nice grab bro.

The massive stopping volume on the 15m hasn't been followed by a shake out yet. I'll be watching for one, although for it to be valid price will have to come down quite a bit, and there's not much time left in the trading day so we will see.

Edit: I would be looking for a possible swing trade off of that 15m volume
  • #684
  • Mar 1, 2011 10:02am Mar 1, 2011 10:02am
Had i followed this to the letter today i would have been more profitable, but hey, i'm still learning here as well

The basic principal of AMT is to buy at wholesale and sell at retail - ie buy below value, sell above.

All 3 sessions today had a narrow IB, with asia and NY the narrowest compared to their 14 day average IB. That means price is balanced at the opening. On a balanced session, one would expect ranging activity unless something unexpected comes along. Simply selling the LO IBH and buying the LO IBL would have netted nice profits all day long...

unfortunately while i tried the buying end only, i got out too early several times, albeit still positive for all trades.

Live and learn right

Now, maybe this narrow VA today is simply indicative of NFP week. but with 2 breakouts above value and 2 breakouts below, i'm sitting on my hands for hte time being. Better safe than sorry. I still think EU has room to go up, at least to the naked monthly POC at 3926 but to absorb supply at 3850 it may very well have to drop quickly. ultimately i'm still targeting november's VAH at 4140 since price has been accepted back into that month's VA.
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Change is the only constant
  • #685
  • Mar 1, 2011 10:22am Mar 1, 2011 10:22am
good daily reading for AMT principals at work...http://jamesdaltontrading.com/blog/
Change is the only constant
  • #686
  • Mar 1, 2011 12:36pm Mar 1, 2011 12:36pm
I already posted this chart in the VSA threa, but now I have added the risk and reward notations. The market has been balancing all day long, so this is a typical AMT trade-buying unfair lows with an expectation that the market will rotate back to the other side of value.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #687
  • Mar 1, 2011 12:50pm Mar 1, 2011 12:50pm
i can't thank you enough for this indicator. great job !

Quoting bandung
thanks guys for reporting the bugs on mp indicator..., you find it faster than me...

here is some update vor V1.31
Inserted Code
v1.31.rev1  add Ticksize, VolAmplitudePercent
            bug fix : 
            - Profile High and Low misscalculated when high or low of the day 
              occured at first m30 candle.
            - Open and Close Arrow Location
            - profile missing when DayStartHour not exist on the chart 
              like Hour 0 not exist on some days on #YMH1 chart (fxpro);
Nihil Sine Deo.
  • #688
  • Mar 1, 2011 1:04pm Mar 1, 2011 1:04pm
terima kasih banyak for the new version of the indicator.
ym fell from vah and poc from last week.
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meine augen sind die sterne
  • #689
  • Mar 1, 2011 1:34pm Mar 1, 2011 1:34pm
Out. The POCt from yesterday acted as a HUP. That's trading.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #690
  • Mar 1, 2011 1:53pm Mar 1, 2011 1:53pm
Possible stopping volume.

The irony is that our REWARD has increased but out RISK has narrowed. We are at unfair lows and near a HUP. If we see a No Supply or a Test in this area another long trade could be taken.

(time of day is the enemy)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #691
  • Mar 1, 2011 2:50pm Mar 1, 2011 2:50pm
Quoting HiddenGap
Possible stopping volume.

The irony is that our REWARD has increased but out RISK has narrowed. We are at unfair lows and near a HUP. If we see a No Supply or a Test in this area another long trade could be taken.

(time of day is the enemy)
Stopping volume followed by a confirmed shakeout and a no demand, all at unfair lows during an up trend... where were these guys this morning? Too late in the day for me (plus I have a presentation in 20 minutes)
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  • #692
  • Mar 1, 2011 3:12pm Mar 1, 2011 3:12pm
Quoting frankkn
Stopping volume followed by a confirmed shakeout and a no demand, all at unfair lows during an up trend... where were these guys this morning? Too late in the day for me (plus I have a presentation in 20 minutes)
I took the trade, despite the time of day. but my target is VAL around 1.3805 which is also today's POC, where price wants to go and is natural trading range based on GMT 0 day start.

given today's structure, its starting to feel like a revisit of last week's naked POC (3674) is in the cards. That would be a nice place for a shakeout on NFP day.
Change is the only constant
  • #693
  • Mar 1, 2011 7:28pm Mar 1, 2011 7:28pm
Quoting tgwhbb
I took the trade, despite the time of day. but my target is VAL around 1.3805 which is also today's POC, where price wants to go and is natural trading range based on GMT 0 day start.

given today's structure, its starting to feel like a revisit of last week's naked POC (3674) is in the cards. That would be a nice place for a shakeout on NFP day.
well, stopped out at -9 on that one, entered a 2nd long during tokyo IB at 3769 and closed it at IBH for +8.

I still think price will go back up to 3807 to kiss the naked POC. but given that will probably happen while i'm sleeping it looks like i'll need to sit this one out.
Change is the only constant
  • #694
  • Mar 1, 2011 9:08pm Mar 1, 2011 9:08pm
Stopping volume at this VPOC from Friday
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  • #695
  • Mar 1, 2011 9:59pm Mar 1, 2011 9:59pm
After a test on DPOC yesterday price drifted down further into more POCs now with signs of further weakness to come with low volume on upbars testing on these 2 POCs. Price could also rotate back to DVAH if the test fails but weakness for now.

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  • #696
  • Mar 1, 2011 10:50pm Mar 1, 2011 10:50pm
What we are looking for EU?

A no demand up bar from 5 to 30 min timeframe, and target all the way to Weekly POC or VAL
  • #697
  • Mar 2, 2011 1:13am Mar 2, 2011 1:13am
Quoting alexm
What we are looking for EU?

A no demand up bar from 5 to 30 min timeframe, and target all the way to Weekly POC or VAL
sounds good...i m looking at 3790 level for action hopefully..
  • #698
  • Edited 1:54am Mar 2, 2011 1:33am | Edited 1:54am
Every day, day after day from 3am (ET) London open to 4pm (ET) will perform a dive to establish the IB (Initial Balance) to mark the potential target DIBL & DIBH for the day, after the IB was form, you may call it a shake out or bag holding etc.

For today's case I will anticipate price up to IBH level if it didn't break, then DIBL and weekly POC will be a good target.

Price action is not random but pre plan like a school of fish that swim in the same direction. (without making any noise in the ocean)
  • #699
  • Mar 2, 2011 1:49am Mar 2, 2011 1:49am
Quoting kave
After a test on DPOC yesterday price drifted down further into more POCs now with signs of further weakness to come with low volume on upbars testing on these 2 POCs. Price could also rotate back to DVAH if the test fails but weakness for now.

Attachment

Glad to see somebody else trading cable - what a super European Session yesterday - 4 x 70 pip swings and one 50 pip

Now we have yesterdays 6253 POC as resistance and the 6216 POC from a week ago as support - perhaps not for long - TWT
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Trading Levels with WRBs
  • #700
  • Mar 2, 2011 2:24am Mar 2, 2011 2:24am
Quoting alexm
Every day, day after day from 3am (ET) London open to 4pm (ET) will perform a dive to establish the IB (Initial Balance) to mark the potential target DIBL & DIBH for the day, after the IB was form, you may call it a shake out or bag holding etc.

For today's case I will anticipate price up to IBH level if it didn't break, then DIBL and weekly POC will be a good target.

Price action is not random but pre plan like a school of fish that swim in the same direction. (without making any noise in the ocean)
Now at 4.18 price go our way, first target is IBL 3745 if it break decisively DIBL is my 2nd target.

(The harder the london open establish the IB the harder the scalper react to the path of least resistant.)
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