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  • #4,901
  • Oct 18, 2012 10:15am Oct 18, 2012 10:15am
All 3 session open balance today, therefore the reponsive activities falls outside of valuation with lots of it occuring within the VAL & the top of gap zone. So far a down attempt towards the overnite low was reverse in this trade location, price is heading back into VAL again

We also have a establishment of a 2day trendline.

http://i.imgur.com/pVOOl.gif
  • #4,902
  • Oct 18, 2012 10:37am Oct 18, 2012 10:37am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
All 3 session open balance today, therefore the reponsive activities falls outside of valuation with lots of it occuring within the VAL & the top of gap zone. So far a down attempt towards the overnite low was reverse in this trade location, price is heading back into VAL again

We also have a establishment of a 2day trendline.
i joined the responsive buyers, but not expect high profits being a locals game now. from AMT point of view markets has hard time auctioning higher, spending way too much time in this area without going anywhere. we passed acceptance time yesterday. but in reality i see just the lack of long term traders as an answer at european summit, so depnding of this could just pop up and continue the initial move
  • #4,903
  • Oct 19, 2012 6:54am Oct 19, 2012 6:54am
Quoting s7c
i joined the responsive buyers, but not expect high profits being a locals game now. from AMT point of view markets has hard time auctioning higher, spending way too much time in this area without going anywhere. we passed acceptance time yesterday. but in reality i see just the lack of long term traders as an answer at european summit, so depnding of this could just pop up and continue the initial move
Very much so in a holding pattern really as EU seems to be consolidating previous gains. Yesterday failed up auction did not look above Wed POC. so a shift lower today as price opens below yesterday VA.

Gap is filled & also the obvious Tue POC, now showing signs of early interest here after Asia latespike. retake of asia's low could also signal a shift back.

Immediate reference now would be the overnite low under this short inventory.

http://i.imgur.com/zexfa.gif
  • #4,904
  • Edited 8:58am Oct 22, 2012 7:07am | Edited 8:58am
friday structure was poor. Today we see responsive in the early session which price back above the VAL which see some minor test onto it. Naturaly the reference was back into VAL after the Asia session moves. UK have a fail RE as it pullsback & it revert back up towards VAH. Now price pause after extending above UK IBH*, which will be the immediate reference. Any failure to take out the long overnite inventory could be a rotations back down.


*correction: it shd be UK IBH rather then IBL
http://i.imgur.com/42y6W.gif


Weekly opens within value but found early support of the spike ledge...

http://i.imgur.com/StHFL.gif
  • #4,905
  • Oct 23, 2012 1:57am Oct 23, 2012 1:57am
Value remains unchange yesterday with rotational play after US opens which eventually trades back into overnite range down to VAL then back up again today in the Asia session, with a reponsive spike then rotates back down now, with a late spike prior to UK opens. Odds of rotations would be higher if the late spike retracts prior to UK opens.

Overall we shd be ping ponging ard 2 day balance.

http://i.imgur.com/kKFhS.gif
  • #4,906
  • Oct 23, 2012 6:13am Oct 23, 2012 6:13am
Asia late spike did not retract prior to UK opens indicates furthur down auction. There was a minor respite as price attempt to auction towards the VAL but failed & follows by furthur probe downwards towards 1.3000. Test of Oct 12th high for support would be the immediate reference.

http://i.imgur.com/RfKDz.gif
  • #4,907
  • Oct 23, 2012 9:35am Oct 23, 2012 9:35am
Weekly indicates interim support off the last week lower distribution HVN, which is also a previous week VAH. Price have been OTF down since the morning sessions. Any furthur down auction would be towards last tuesdays low. Up auction would be to retake the VAL, with any indicative shift in OTF to signal a potential change.

Weekly lower reference would be last week low & the previous week POC.

http://i.imgur.com/J3XoE.gif
  • #4,908
  • Oct 24, 2012 10:27am Oct 24, 2012 10:27am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
after we test the friday high on monday we found the price fair for long term sellers who got initiative in last 2 london sessions.
on today we had overnight inv short and buyers at LVA using 2 months profile. CME opens below yesterdays session and went back where now finds balance.
london filled one of last day excesses and london+us makes a nice 4 steps of the market complete. i think we aproach the moment where "too much time" theory comes in play...

i don't find TPO charts necessary anymore so this is my new approach...
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  • #4,909
  • Oct 24, 2012 4:47pm Oct 24, 2012 4:47pm
Quoting s7c
...i don't find TPO charts necessary anymore so this is my new approach...
Tell us more.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #4,910
  • Oct 25, 2012 12:06am Oct 25, 2012 12:06am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting HiddenGap
Tell us more.
hi HG, surprised by your drop...hmmm, let's say i'm trying to create a gem using AMT/VSA/Wyckoff and found i get a better picture if all are present on same chart. don't think i get less "sugar" this way. i mean i still have all of the AMT attributes, i refer here to the ones i think are important for me...

lately i'm getting more involved in trading volatility and probabilities involved in OPTIONS market with add of the nice layer of the gem from above. seems like it fits me better than trading forex, hopefully this will continue further.
  • #4,911
  • Edited 5:11pm Oct 28, 2012 4:46pm | Edited 5:11pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
my view...
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  • #4,912
  • Oct 30, 2012 11:02am Oct 30, 2012 11:02am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
i found a very interesting observation at ~54:10, in the last JD video
  • #4,913
  • Oct 31, 2012 4:30am Oct 31, 2012 4:30am
It would be grand if we started to do our MP analysis on video to explain setups easier to understand.
Find your Favourite Pattern
  • #4,914
  • Nov 1, 2012 8:45am Nov 1, 2012 8:45am
I think it's great

Steven
  • #4,915
  • Nov 5, 2012 12:37am Nov 5, 2012 12:37am
hello traders

i believe if they take out 2743 then 60day break out has failed because according to way of the turtle or turtle trading 60 day break out should not be tested until and unless the total range of the break out is completed 100%

let me explain more before the 60 day break out the low was 2042 and 60 day break out price is 2743 and the difference is 701 pips and according to 60 day break out the prices should add this 701 pips to 2743, you will find the price level 3444 minimum and i have heard that very sound and experienced traders has called for 3500 before the break of 2700, interestingly the break out level is 2743 and touch/break of 2743 will invalidate the 60 day break out which is considered long term trend shift in prices

GL
Learning Requires Failure
  • #4,916
  • Nov 6, 2012 8:23am Nov 6, 2012 8:23am
Hi s7c,

Could u do a print out of your TPO chart on your Sierra like like mine here showing 30min for the last 4 days...tks ahead...i just wana compare the key reference level to yours...


http://i.imgur.com/Z23vL.gif
  • #4,917
  • Nov 6, 2012 10:38am Nov 6, 2012 10:38am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
k, but not sure it will help. from what i see you're day profile starts with london session and it's a full day. now because i'm trading mostly options i have set my profile to overnight session (tokyo+london) and day session (CME), i even think to let just CME profile on the chart and get just the overnight high/low but testing for now...
anyway if it's really important i can try to change my settings like your in order to get what you need...
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  • #4,918
  • Nov 7, 2012 1:02am Nov 7, 2012 1:02am
Quoting s7c
k, but not sure it will help. from what i see you're day profile starts with london session and it's a full day. now because i'm trading mostly options i have set my profile to overnight session (tokyo+london) and day session (CME), i even think to let just CME profile on the chart and get just the overnight high/low but testing for now...
anyway if it's really important i can try to change my settings like your in order to get what you need...
tks,
I forgot about telling u my settings..is ok. Just that i am curious about that POC on 2nd Nov as i wonder if yours would have been filled by 3rd Nov. I manage to verify with someone else. tks. Some error in my datafeed i suspect.

I set my day profile on the start of Sydney which is end of CME on CST16:00.
  • #4,919
  • Edited 8:55am Nov 7, 2012 8:21am | Edited 8:55am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
tks,
I forgot about telling u my settings..is ok. Just that i am curious about that POC on 2nd Nov as i wonder if yours would have been filled by 3rd Nov. I manage to verify with someone else. tks. Some error in my datafeed i suspect.

I set my day profile on the start of Sydney which is end of CME on CST16:00.
hmmm, 3 nov was saturday
anyway that on my chart is volume profile and sometimes the POC differ than TPO profile.
i don't really understand why don't you start with 17:00 CST or 18:00 CST(when Tokyo starts), my point is between 16 and 17 CST Globex futures is closed...
see ya.

forget to ask, why is so important the POC for you? what are you hopping for?
  • #4,920
  • Edited 11:13am Nov 9, 2012 11:00am | Edited 11:13am
I wanted to share a tool I've been using to fine tune my entries. Nothing new, as it does the same thing "market delta" does, its just free. The data is CME. Delta= Ask (orders placed at the ask price) - Bid (orders placed on the Bid). Negative delta is more aggressive sellers, Positive delta more aggressive buyers. Anyone versed in VSA will find it very useful, as you can actually see "whats inside" the bar. Where the large orders are, and the volume associated with it.

The tool come from a Russian site you can find info there, just use Google to translate, But you can also use info at the market delta site, to learn different patters, and learn to read the order flow. (The transparency setting is great because you can overlay it on top of your MT4 chart)

http://translate.google.com/translat...d=0CIEBEO4BMAg

http://translate.google.com/translat...um.php&act=url
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Markets are not efficient, rather they are effective - Jones
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