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Surfing Risk Intraday - Volume Profile and Order flow

  • #221
  • Apr 28, 2014 9:05am Apr 28, 2014 9:05am
Been in the auction market thread, always trying to get better profiles.

For those guys who use FXCM, their in house trading station Marketscope has some wonderful Volume Profile indicators which you can buy here:
http://robocod.blogspot.co.uk/p/mark...ndicators.html

http://3.bp.blogspot.com/-Nv7RfHVF19...creenshot3.png

http://2.bp.blogspot.com/-zSahjDL8qQ...creenshot1.png



I don't have an account, but those profiles look great - might be a viable option for some of you guys. The Sierra charts and the Marketdelta platform are too pricey for me.



Quoting Risk Surfer
{quote} Hey, I have two broker accounts personally but for those new to futures I've been recommending Stage5 trading. They offer a very personal service, have great customer support and their execution software is free of charge. Additionally I'm aquatinted with the co-founder there (Anthony) and he offers a very competitive commission rate for RiskSurfer clients
Thanks, I will hit you up with a referral if/when I decide to make a switch.

I am with a UK spread better, good service, decent market range but lacking on certain markets, or the ability to trade options or futures, doesn't have DOM or other things etc. So have been weighing up the costs recently.
  • #222
  • Apr 29, 2014 7:27am Apr 29, 2014 7:27am
Quoting MCRotter
Been in the auction market thread, always trying to get better profiles. For those guys who use FXCM, their in house trading station Marketscope has some wonderful Volume Profile indicators which you can buy here: http://robocod.blogspot.co.uk/p/mark...ndicators.html {image} {image} I don't have an account, but those profiles look great - might be a viable option for some of you guys. The Sierra charts and the Marketdelta platform are too pricey for me. {quote} Thanks, I will hit you up with a referral if/when I decide to make...
That looks fantastic, those guys have done a great job. thanks for sharing it here

Not sure if I mentioned it before but these guys supply profile indicators for Ninjatrader, which seems to be the second most popular platform choice here after MT4 - http://www.ranchodinero.com/
Trade ideas posted daily with a follow up each night. See post #1
  • #223
  • Apr 29, 2014 8:05am Apr 29, 2014 8:05am
Today's trade plan posted - http://risksurfer.com/daily-trade-plan

We have FOMC coming up tomorrow as well at NFP at the end of the week, consequently we may see some slower price action over the next few days
Trade ideas posted daily with a follow up each night. See post #1
  • #224
  • Apr 29, 2014 2:23pm Apr 29, 2014 2:23pm
Looking at GBP, yesterday's VPOC at 1.6839 put a cap on prices in today's session

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Trade ideas posted daily with a follow up each night. See post #1
  • #225
  • Edited 8:12pm Apr 29, 2014 7:58pm | Edited 8:12pm
Quoting Risk Surfer
Looking at GBP, yesterday's VPOC at 1.6839 put a cap on prices in today's session {image}
GbpUsd
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EurUsd
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both kiss goodbye previous day's VPOC
  • #226
  • Apr 30, 2014 7:55am Apr 30, 2014 7:55am
Something I was watching in the Euro this morning but didn't have a chance to get onboard:

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Trade ideas posted daily with a follow up each night. See post #1
  • #227
  • Apr 30, 2014 8:05am Apr 30, 2014 8:05am
ES daily trade plan for 20th April - http://risksurfer.com/daily-trade-plan

Remember we have FOMC later in the session (this will be a sure fire market mover)
Trade ideas posted daily with a follow up each night. See post #1
  • #228
  • Apr 30, 2014 9:17am Apr 30, 2014 9:17am
Nice reaction in the 10 year Note on the GDP release today

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Trade ideas posted daily with a follow up each night. See post #1
  • #229
  • May 1, 2014 3:18am May 1, 2014 3:18am
Hey Guys

I've condensed all of the info I posted in this thread regarding how I use the Volume Profile, view via this link http://risksurfer.com/free-education. If you want to take it with you, click File > Print > Save as PDF. It should be around 33 pages

RS
Trade ideas posted daily with a follow up each night. See post #1
  • #230
  • May 1, 2014 6:50am May 1, 2014 6:50am
Quoting Risk Surfer
Hey Guys I've condensed all of the info I posted in this thread regarding how I use the Volume Profile, view via this link http://risksurfer.com/free-education. If you want to take it with you, click File > Print > Save as PDF. It should be around 33 pages RS

Hi RS,

Great educations, I have a favour to ask, my pesky computer (windows 8 is rubbish) won't allow me to save from the File>Print... could attach that PDF here so I can directly download it ?

Thanks
  • #231
  • May 1, 2014 6:56am May 1, 2014 6:56am
Quoting MCRotter
{quote} Hi RS, Great educations, I have a favour to ask, my pesky computer (windows 8 is rubbish) won't allow me to save from the File>Print... could attach that PDF here so I can directly download it ? Thanks
Haha no worries, I bought a new trading PC the other day which came with win8. hated it at first but my charts are runny smoothly thank god. I use a Mac for all my admin/leisure stuff

here's the pdf attached


Attached File(s)
File Type: pdf risksurfer.pdf   3.2 MB | 1,632 downloads
Trade ideas posted daily with a follow up each night. See post #1
  • #232
  • May 1, 2014 7:01am May 1, 2014 7:01am
Quoting Risk Surfer
{quote} Haha no worries, I bought a new trading PC the other day which came with win8. hated it at first but my charts are runny smoothly thank god. I use a Mac for all my admin/leisure stuff here's the pdf attached {image}


Got it, looks great, thanks!

Windows 8 seems good for running charts and stuff, but see we things such as compiling a file on MT4, took me a couple of days to figure out that the admin rights we preventing me from properly installing indicators.

Wee things like that do my head in!

You are giving a lot of information away for free here RS, I applaud you for it, I have also backtested some stuff on spot, and then forward tested that as I would trade it live, I can vouch that this stuff works.
  • #233
  • May 1, 2014 7:03am May 1, 2014 7:03am
Quoting MCRotter
{quote} Got it, looks great, thanks! Windows 8 seems good for running charts and stuff, but see we things such as compiling a file on MT4, took me a couple of days to figure out that the admin rights we preventing me from properly installing indicators. Wee things like that do my head in!
Oh yes, thats right, when you posted those MT4 indicators the other day I just couldn't get them working, was going crazy for ages until I decided to fire up my old XP laptop where they worked perfectly well!

Glad the pdf is working
Trade ideas posted daily with a follow up each night. See post #1
  • #234
  • May 1, 2014 7:11am May 1, 2014 7:11am
Quoting MCRotter
{quote} You are giving a lot of information away for free here RS, I applaud you for it, I have also backtested some stuff on spot, and then forward tested that as I would trade it live, I can vouch that this stuff works.
Thank you sir, and thanks for having faith in me right from the very beginning! I just had a quick look at some of the other commercial threads and it's an absolute minefield out there. so thanks for not associating me with those services
Trade ideas posted daily with a follow up each night. See post #1
  • #235
  • May 1, 2014 8:11am May 1, 2014 8:11am
S&P 500 trade plan for May 1st from a Volume Profile perspective, including chart - http://risksurfer.com/daily-trade-plan
Trade ideas posted daily with a follow up each night. See post #1
  • #236
  • May 2, 2014 8:10am May 2, 2014 8:10am
S&P 500 trade plan for May 2nd from a Volume Profile perspective, including chart - http://risksurfer.com/daily-trade-plan
Trade ideas posted daily with a follow up each night. See post #1
  • #237
  • May 3, 2014 6:07am May 3, 2014 6:07am
Incredibly methodical price action in the GBP on friday.

This has been setting up for a while, from 16th April to 30th April we were chopping sideways, not doing much other than forming a high volume node at 1.6804.

We broke higher out of this balance area in early May, but Friday's $ positive NFP release caused a large spike down back into the old balance. Look where we bounced, 1.6804 exactly! No coincidence!

You can get away with a 10 pip stop on these kind of trades (even a 5 pip stop would have worked here). You can see we bounced at least 70 pips very aggressively.

Who cares if these kind of setups only work 1/2 the time when you can make 7 times your risk on a single trade!

Attached Image (click to enlarge)
Click to Enlarge Name: 1 (73).PNG Size: 67 KB
Trade ideas posted daily with a follow up each night. See post #1
  • #238
  • May 3, 2014 11:39am May 3, 2014 11:39am
Hey RS, what time does your daily candle close at?

Obviously the open and close of the market is important as to where the POC of forms - I presume New York is the close.

Quoting AdrianC
{quote} GbpUsd {image} {image} EurUsd {image} {image} both kiss goodbye previous day's VPOC
Adrian, what is your metatrader time zone.

I have been reading around and it seems that the close of the session should be the New York close, to get that on metatrader you need a server that provides data @ GMT +2

The POC will form at different times depending on what time your metatrader platform is set.
  • #239
  • May 4, 2014 11:25am May 4, 2014 11:25am
Quoting MCRotter
Hey RS, what time does your daily candle close at? Obviously the open and close of the market is important as to where the POC of forms - I presume New York is the close. {quote} Adrian, what is your metatrader time zone. I have been reading around and it seems that the close of the session should be the New York close, to get that on metatrader you need a server that provides data @ GMT +2 The POC will form at different times depending on what time your metatrader platform is set.
Just depends when the specific market opens/closes. That's the other great thing about futures, they have very clear session periods, not like 24hr FX where no-one really knows where it begins and ends.

For any CME products the electronic open is 23.00 UK time to 22.15 UK time, (only closed for 45 minutes). However the actual S&P pit session is open from 14.30-21.15 Uk time.

All Eurex products are open from 07.00-21.00 UK time

Gilts are open from 08.00-18.00 UK time

So any POCs / Value area's etc need to be calculated off these times as thats what everyone's looking at
Trade ideas posted daily with a follow up each night. See post #1
  • #240
  • May 4, 2014 8:42pm May 4, 2014 8:42pm
Quoting MCRotter
Hey RS, what time does your daily candle close at? Obviously the open and close of the market is important as to where the POC of forms - I presume New York is the close. {quote} Adrian, what is your metatrader time zone. I have been reading around and it seems that the close of the session should be the New York close, to get that on metatrader you need a server that provides data @ GMT +2 The POC will form at different times depending on what time your metatrader platform is set.
If is Eastern European Standard Time = GMT +2
But currently is Eastern European Summer Time = GMT +3
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