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  • #4,141
  • Feb 6, 2012 3:48pm Feb 6, 2012 3:48pm
Quoting mzvega
im thinking? @ 1.3185 but im probably wrong
i think you are right. that area is last week's VAH, and also just shy of the VAH for the DEC-JAN value that EU is currently building. Today saw a bounce on DEC-JAN control. as mentioned in earlier post, range bound between these levels until initiative buying is seen. The question now, was today's 3i day enough to get follow through upwards and attract the buying...
Change is the only constant
  • #4,142
  • Feb 6, 2012 3:53pm Feb 6, 2012 3:53pm
Quoting Aztrader2
Sorry for my impatience to know
I'll search through the books..... and I'll shut my mouth until I end to read Mind over Market....

btw: strange evak has more patience than you.... it's been always said women are far better (in each field of the life) than us... single neuronal boyz....
the short answer to what is a 3i day...initiative, initiative, initiative.

Basically, a one-direction day that see initiative action from the start, with initiative action continuing and producing initiative range extension for the day. The result is a high probability that the next day will start at least within value, if not above (if buying 3i day) or below (selling 3i day)
Change is the only constant
  • #4,143
  • Feb 6, 2012 3:58pm Feb 6, 2012 3:58pm
Quoting Aztrader2
Sorry for my impatience to know
I'll search through the books..... and I'll shut my mouth until I end to read Mind over Market....

btw: strange evak has more patience than you.... it's been always said women are far better (in each field of the life) than us... single neuronal boyz....
They are!......... they care enough not to "enable" those to the point, they cant fend for themselves. If you dont teach your children how to fend for themselves youll end up with a 40 year old child who still lives at home!!!!!!
Markets are not efficient, rather they are effective - Jones
  • #4,144
  • Feb 6, 2012 4:12pm Feb 6, 2012 4:12pm
Quoting tgwhbb
i think you are right. that area is last week's VAH, and also just shy of the VAH for the DEC-JAN value that EU is currently building. Today saw a bounce on DEC-JAN control. as mentioned in earlier post, range bound between these levels until initiative buying is seen. The question now, was today's 3i day enough to get follow through upwards and attract the buying...
Im thinking maybe, if it can hold a close above the open (0gmt 24h open) A down day that manages to hold a close above the open would imo might suguest strenghth
Markets are not efficient, rather they are effective - Jones
  • #4,145
  • Feb 6, 2012 4:26pm Feb 6, 2012 4:26pm
Quoting tgwhbb
the short answer to what is a 3i day...initiative, initiative, initiative.

Basically, a one-direction day that see initiative action from the start, with initiative action continuing and producing initiative range extension for the day. The result is a high probability that the next day will start at least within value, if not above (if buying 3i day) or below (selling 3i day)
Thanks.....
  • #4,146
  • Feb 6, 2012 4:35pm Feb 6, 2012 4:35pm
Quoting Aztrader2
Sorry for my impatience to know
I'll search through the books..... and I'll shut my mouth until I end to read Mind over Market....

btw: strange evak has more patience than you.... it's been always said women are far better (in each field of the life) than us... single neuronal boyz....
I think you take my words too harsh...... The only reason I respond to your posts is because I see and appreciate your eagerness to learn. I dont mind helping you understand something your currently learning. But again to jump ahead is in fact "putting the cart before the horse". A book will give you a much better understanding of "context" than I could in the confines of a "125 character text box". And to think so would be doing you a diservice. I hope to see further posts
Markets are not efficient, rather they are effective - Jones
  • #4,147
  • Feb 6, 2012 7:48pm Feb 6, 2012 7:48pm
Quoting Evak
To put it simply, i trade the mostly opening session, is were the action is & that is why i use MP....u wont want to do it too early unless U see any substantial volume with good structure. Else most of the time one can fall into a trap. I will not comment on VSA here unless is relevant & today is a monday, i bet u most VSA folks are left scatching when they dont see any climatic volume & price still moves...

I did mention in recently that using VSA could be counter intuitive if u mix it with MP....
Just wondering why you are saying that it is counter intuitive?
  • #4,148
  • Feb 6, 2012 11:33pm Feb 6, 2012 11:33pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting tgwhbb
the short answer to what is a 3i day...initiative, initiative, initiative.

Basically, a one-direction day that see initiative action from the start, with initiative action continuing and producing initiative range extension for the day. The result is a high probability that the next day will start at least within value, if not above (if buying 3i day) or below (selling 3i day)
hmmm, for example last wednesday london session was 3I-buying without no continuation. yesterday we made a poor low when we tried to find initiative selling below last weeks low and 2 weeks ago POC and after that pit session had a potential short covering rally. we are in intermediate term bracket so when this is gonna brake we will go to the next high volume area.
at this point i just wait with patience to see auction rotation near by reference points
  • #4,149
  • Feb 7, 2012 12:45am Feb 7, 2012 12:45am
Quoting hutrader
Yes (EURUSD) I have the 30 minute chart open and clearly see a bell curve.
TP filled.
  • #4,150
  • Feb 7, 2012 1:26am Feb 7, 2012 1:26am
Quoting foxybunny
Just wondering why you are saying that it is counter intuitive?
e.g UK open with a strong moves after one sees a climax..u have a strong moves up then price pullback back a little. VSAers looking for a test bar ( i dont care what timeframe) & did not see one . Then waited abit longer but price is moving rapidly up by now...& then pushing through previous supply w/o even an evident test bar (ND bar)..

So if u do it MP way...with simple reversal bar scenario just by using candlestick let say, & as price pullback into DVAL after an initial moves...u would have gotton into the trade....

But if ur mindset have been "use to" only spotting VSA signals...u be missing some of the trade with excellent trade locations as your mind is saying "wait for a testbar" & MP is saying this is the best location NOW NOW NOW...pull your trigger...

Don't get me wrong, If u ask me about VSA, I would rate myself above average knowledge in it & using wyckoff structural analysis on top of it..even give me greater edge.

But i won't mix it with MP, that's for sure.

kapish
  • #4,151
  • Feb 7, 2012 1:35am Feb 7, 2012 1:35am
Quoting tgwhbb
the short answer to what is a 3i day...initiative, initiative, initiative.

Basically, a one-direction day that see initiative action from the start, with initiative action continuing and producing initiative range extension for the day. The result is a high probability that the next day will start at least within value, if not above (if buying 3i day) or below (selling 3i day)

@Aztrader2
I was smiling to mzvega is becoz she mentioned that she may consider holding & i was just reminding every one here is a 3i day for the US session & also to solicit feedback if i am wrong. Which means is a free exposure day & TG got the discriiption spot on...not forgetting the TPO count too...
  • #4,152
  • Feb 7, 2012 1:38am Feb 7, 2012 1:38am
I decided to closed one of my previous day longs, as sometimes its good to take profit while you got it. However, I did add to my position on a pullback at the poc of the current profile in anticipation of an upmove. Ill see how long this move may last.
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Markets are not efficient, rather they are effective - Jones
  • #4,153
  • Feb 7, 2012 1:45am Feb 7, 2012 1:45am
Quoting Evak
e.g UK open with a strong moves after one sees a climax..u have a strong moves up then price pullback back a little. VSAers looking for a test bar ( i dont care what timeframe) & did not see one . Then waited abit longer but price is moving rapidly up by now...& then pushing through previous supply w/o even an evident test bar (ND bar)..

So if u do it MP way...with simple reversal bar scenario just by using candlestick let say, & as price pullback into DVAL after an initial moves...u would have gotton into the trade....

But if ur mindset have...

Yes kapish.
  • #4,154
  • Feb 7, 2012 2:49am Feb 7, 2012 2:49am
Quoting Evak
e.g UK open with a strong moves after one sees a climax..u have a strong moves up then price pullback back a little.
..............
So if u do it MP way...with simple reversal bar scenario just by using candlestick let say, & as price pullback into DVAL after an initial moves...u would have gotton into the trade....

But if ur mindset have been "use to" only spotting VSA signals...u be missing some of the trade with excellent trade locations as your mind is saying "wait for a testbar" & MP is saying this is the best location NOW NOW NOW...pull...
Is this what you mean? Do you qualify this as a possible long setup?
If we have a closed 30 min candle above daily VAH (in this case also weekly VAH is so near) is a good rejection?
Or is not good because the move started before London Open (the red canle before the actual one)?

Thanks!
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  • #4,155
  • Feb 7, 2012 2:52am Feb 7, 2012 2:52am
TK price dip back close to the spike base or onto the spike zone & close back above into IBR & above it's opening price, which is within expectation given the 3-i us session yesterday.

Price is now above the week opening gap, filled & now UK opening aunction suggest an open auction type lingering just above the gap.

Any RE below would be back to the spike zone which would be the immediate ref; but a look above would then be a break out of current..structure...

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composite profile here over 12 weeks with a H4 overlay. Indicating yesterday low same as last week low onto the same control. Now price is back into the ascending upper channel after trading back up within the same bracketed upper range...

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_10 Feb. 07 16.50.gif Size: 27 KB
  • #4,156
  • Feb 7, 2012 3:01am Feb 7, 2012 3:01am
Quoting Aztrader2
Is this what you mean? Do you qualify this as a possible long setup?
If we have a closed 30 min candle above daily VAH (in this case also weekly VAH is so near) is a good rejection?
Or is not good because the move started before London Open (the red canle before the actual one)?

Thanks!
U have an opening aunction type in UK now which usually means 30mins bar are forming as an Inside bar...any break above or below would trigger a onetime-framing...But u need to acccess the R/R too. If it break up or down, then where is your reference in relation to your risk reward will it face resistance o those reference & reverse RE? etc..
  • #4,157
  • Feb 7, 2012 3:17am Feb 7, 2012 3:17am
Quoting Evak
U have an opening aunction type in UK now which usually means 30mins bar are forming as an Inside bar...any break above or below would trigger a onetime-framing...But u need to acccess the R/R too. If it break up or down, then where is your reference in relation to your risk reward will it face resistance o those reference & reverse RE? etc..

Thanks for the answer

Regardin' Open Auction In my downloaded PDF (Mind Over Markets) are just missing those graphs.... Damn!
  • #4,158
  • Feb 7, 2012 3:19am Feb 7, 2012 3:19am
Quoting Evak
TK price dip back close to the spike base or onto the spike zone & close back above into IBR & above it's opening price, which is within expectation given the 3-i us session yesterday.

Price is now above the week opening gap, filled & now UK opening aunction suggest an open auction type lingering just above the gap.

Any RE below would be back to the spike zone which would be the immediate ref; but a look above would then be a break out of current..structure...

Attachment

composite profile here over 12 weeks with a H4 overlay....
Would you mind sharing the indicator for us what plots the MP?
  • #4,159
  • Feb 7, 2012 3:26am Feb 7, 2012 3:26am
Quoting Aztrader2
Thanks for the answer

Regardin' Open Auction In my downloaded PDF (Mind Over Markets) are just missing those graphs.... Damn!
http://www.forexfactory.com/showthre...08#post4592408
Markets are not efficient, rather they are effective - Jones
  • #4,160
  • Feb 7, 2012 3:32am Feb 7, 2012 3:32am
Quoting mzvega
http://www.forexfactory.com/showthre...08#post4592408

Thanks
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