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  • #848,361
  • Oct 30, 2013 2:38am Oct 30, 2013 2:38am
Quoting KiwiTrada
{quote} color of candle is not as important as shape and position, 5days down printing Lh&LLs, is not time to be looking for longs, and as you talking daily I have her chart, she is super glued at one of my monthly levels and if you look left bear were parked this level already, are they still there? who knows, But if you consider the TL break, and the distance from the TL origin. then zoom out a little and trow on fib from previous fall 38 fib also merges in, probably lots other shit too, but is enough for me to be interested in this level, (not...
no long for me, i will sell rallies.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,362
  • Oct 30, 2013 2:40am Oct 30, 2013 2:40am
Quoting EmeraldEyes
{quote} market profile charts which rely on volume.. on a decentralized exchange? Doesn't make sense to me, or is this a different indicator.

read the study I provided here:

http://www.forexfactory.com/showthre...me#post7007933


maybe read the rest of the related exchange in that thread
  • #848,363
  • Oct 30, 2013 2:41am Oct 30, 2013 2:41am
Quoting ffleo
{quote} i take it you do not know how to use market profile.
you are using calculation based on price in time ? => right ??

Are you using Steidlmayer Distribution Analysis? or only POC [virgin] levels.. ?
  • #848,364
  • Oct 30, 2013 2:43am Oct 30, 2013 2:43am
Quoting infinitus
{quote} HDA.....
the owner of 3080?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,365
  • Oct 30, 2013 2:43am Oct 30, 2013 2:43am
Quoting milam
{quote} I am the one who is going to marry Chicky's fifth wife after he loses his last demo account. You? The one that climbs with bare hand the Monte Rosa carrying on your back the other four after you shared the booze with the locals down the hill...



interestingly enough, I can remember only the part about the booze with the locals
  • #848,366
  • Oct 30, 2013 2:44am Oct 30, 2013 2:44am
Quoting infinitus
{quote} HDA.....

Patience..
  • #848,367
  • Oct 30, 2013 2:49am Oct 30, 2013 2:49am
Quoting EmeraldEyes
{quote} Because it looks cool? Dont know, dont care. There is nothing in that indicator that isn't already on a historic price chart. Your broker's platform is taking the time price has been at a level and marking it, calling it market profile when there is no volume used at all. Price tends to stay in areas of ample liquidity, and move through areas that are illiquid. It's historic which gives as much predictability as S/R lines do.

If no clue, better to shut up or inform?

You can have TPO (time price opportunity) and VPO (volume price opportunity)

BTW, both are more or less congruent in the bigger scheme, but VPO are thought to be the better solution


if S/R and Market profile agrees, good so, extra confirmation. When they do not agree, what will you choose?
  • #848,368
  • Oct 30, 2013 2:52am Oct 30, 2013 2:52am
Quoting Piters
{quote} you are using calculation based on price in time ? => right ?? Are you using Steidlmayer Distribution Analysis? or only POC [virgin] levels.. ?
I would recommend to use both. Virgin POC's are so to say super magnetic (that is the attraction of virgins, anyway)
  • #848,369
  • Edited 3:11am Oct 30, 2013 2:52am | Edited 3:11am
Quoting Piters
{quote} you are using calculation based on price in time ? => right ?? Are you using Steidlmayer Distribution Analysis? or only POC [virgin] levels.. ?
My ThinkorSwim from TDAmeritrade has both TPO (your price in time?) and Volume by Price studies. The profile from both look similar, groves, peaks and edges of the profile from the two studies overlap at the same price levels. I pay attention to the peak, grove, and edge of the booby look or bell look shapes. That is where price mostly will turn or halt. If price does not turn, it usually will spike cross those interesting levels, especially the grove. The grove is the strongest S/R level.

My other platform Sierra Chart offers also the two studies, but I subscribed only to Volume by price for lower monthly fee.

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,370
  • Oct 30, 2013 2:53am Oct 30, 2013 2:53am
Quoting infinitus
{quote} from his book: \"Never lose sight of the fact that you want other players to follow in your footsteps. After all, that is the only way to ever reach target and also the very reason why these so-called secret indicators, which are sold for big bucks to the ignorant and foolish, are such terrible scams. What point is there in trading spots that others can't see.\"
"Piece of mind throughout your trading by sticking to your plan is of crucial importance. If you knowingly deviate from your plan by trading prematurely, then you impatience is simply stronger than your calm. Conversely, if you knowingly deviate from your plan by not trading a valid break, then your calm is probably bested by your fear. In either case, what you are essentially doing is trying to outsmart the odds by predicting when a valid setup will fail and when an invalid one will work out. wouln'dt life be much simpler if we just regard all valid setups as valid and all invalid ones as not. Why not relieve ourselves from the fruitless task of prediction and let probability do the thinking".
Wherever you go, there you are.
  • #848,371
  • Oct 30, 2013 2:53am Oct 30, 2013 2:53am
Quoting gatorinla
{quote} oh that? its all in the mind.. the wording didn't cross the line, some minds did. i grew up in a rural setting. sun up till sundown i had free range. i had game cocks (fighting chickens). all birds will kill the weaker ones that cant flee.. its in the dna.
hey i didn't know that doctor Twee did that kind of thing. it's mighty inconsiderate of him since that was by far the most instructive sequence of posts yesterday! still, he's a nice guy just keeping this place nice and tidy...

by the way, taking into consideration what i have just seen that it mean that the whole RUT in the recycle bin??!?! coz it should LOLOL
dreams do come true.
  • #848,372
  • Oct 30, 2013 2:55am Oct 30, 2013 2:55am
Quoting Piters
{quote} you are using calculation based on price in time ? => right ?? Are you using Steidlmayer Distribution Analysis? or only POC [virgin] levels.. ?
Wherever you go, there you are.
  • #848,373
  • Oct 30, 2013 2:56am Oct 30, 2013 2:56am
After quite emotional move up and down yesterday EURUSD spent a night between 1.3730-1.3750. Visible defence of 1.3730 will give the reason to think about longs. In our opinion 1.3752 and 1.3765 are good levels to try to open short positions (1.3765 – not right away – wait for signs of supply over there first). Even though EURUSD has potential to reach 1.3700 TP 25 pips SL 15 pips. In a second scenario take short after breaking 1.3730 to the downside – entry on retracment @ 1.3732 (+/- 2 pips).
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Price Action + KISS + PIE = Forex-Entourage
  • #848,374
  • Oct 30, 2013 2:57am Oct 30, 2013 2:57am
Quoting OfWolfAndMan
{quote} Patience..



Just for the record:


HDA has his trading-system. That this call sucked is no problem. We all have our sucking moments. But we all should be super careful to "sell" a system as god-given.

Point is: one can make nearly any system work when money management is in place, and your greed and fear are in check
  • #848,375
  • Oct 30, 2013 2:59am Oct 30, 2013 2:59am
Quoting infinitus
{quote} interestingly enough, I can remember only the part about the booze with the locals
Wherever you go, there you are.
  • #848,376
  • Oct 30, 2013 3:03am Oct 30, 2013 3:03am
Quoting Vachus
{quote} Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...
Allah has permitted trade and has forbidden interest [koran]
  • #848,377
  • Oct 30, 2013 3:04am Oct 30, 2013 3:04am
Quoting milam
{quote} \"Piece of mind throughout your trading by sticking to your plan is of crucial importance. If you knowingly deviate from your plan by trading prematurely, then you impatience is simply stronger than your calm. Conversely, if you knowingly deviate from your plan by not trading a valid break, then your calm is probably bested by your fear. In either case, what you are essentially doing is trying to outsmart the odds by predicting when a valid setup will fail and when an invalid one will work out. wouln'dt life be much simpler if we just regard...

the gist of his book:

http://www.daytradingbias.com/?p=28587
  • #848,378
  • Oct 30, 2013 3:05am Oct 30, 2013 3:05am
Quoting ffleo
{quote} no long for me, i will sell rallies.
shes a funny pr, she generally trucks one way or the other, retracements pretty rare, but suppose depends on what tf you want to trade
right here long or short are both valid, just keep it tight
If you are new to Forex? Say Goodbye to your account!!
  • #848,379
  • Oct 30, 2013 3:06am Oct 30, 2013 3:06am
Quoting infinitus
{quote} so will the price of EU now go up or down?
I will tell u once I enter the position
Allah has permitted trade and has forbidden interest [koran]
  • #848,380
  • Oct 30, 2013 3:07am Oct 30, 2013 3:07am
If anyone is interested here is my Gold sell stop 1344.50, expecting a drop to 1317 and rise from there.
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