CFA Trader - Market Profile and Price action analyses | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Market Profile And Volume Profile MT5 7 replies

Long Term Analyses - EURUSD, GOLD, and S&P 76 replies

Market profile trader-Merged profile 0 replies

question about CFA 4 replies

Attachments: CFA Trader - Market Profile and Price action analyses
Exit Attachments

CFA Trader - Market Profile and Price action analyses

  • #41
  • Oct 22, 2013 9:38am Oct 22, 2013 9:38am
On October 23 (10:30 a.m. US Eastern time) you can join NinjaTrader sponsored webinar and see me using MPP in live market. I will introduce my way of using MPP and then I will do real time analysis of the 6E (Euro futures) market.

At the end of this analysis I will share my trading setup for the session and wait if I get an opportunity to enter into any trades. In the meantime I will comment on live market development and answer any questions regarding Market Profit Pack and trading.

There is no sales and marketing involved, only trading and valuable trading information.

Do not miss this great opportunity to join me trading the most liquid currency pair in the world.

Register here https://ninjatrader.omnovia.com/register/58311382040474

I am looking forward to meet you
  • #42
  • Oct 22, 2013 9:58am Oct 22, 2013 9:58am
Quoting CFA Trader
EURUSD - still waiting with my long postiion from Thursday to reach it´s target. If price moves lower I am willing to add into long position after confirmation of buyers in the market.
EURUSD - my position from Thursday (October 17) was closed on profit target after the macro news announcement at 14:30. Even though I use LMAX exchange https://advertising.lmax.com/Trackin...22&u=16460&t=2
which has superb fills I got slippage. It was in my favor however, so I got 14 pips o profit for "free".
Attached Image (click to enlarge)
Click to Enlarge Name: LMAX.png Size: 7 KB
  • #43
  • Oct 23, 2013 2:39am Oct 23, 2013 2:39am
EURUSD - I tried to enter into very risky counter trend short position yesterday but was kicked out with a small loss.
Attached Image (click to enlarge)
Click to Enlarge Name: 22.10.png Size: 6 KB
  • #44
  • Oct 24, 2013 6:17am Oct 24, 2013 6:17am
USDCZK - I have opened long term swing long position in USDCZK. You can find details about this position including entry and profit target on my website (www.cfatrader.com).
  • #45
  • Oct 25, 2013 3:09am Oct 25, 2013 3:09am
Quoting CFA Trader
On October 23 (10:30 a.m. US Eastern time) you can join NinjaTrader sponsored webinar and see me using MPP in live market. I will introduce my way of using MPP and then I will do real time analysis of the 6E (Euro futures) market. At the end of this analysis I will share my trading setup for the session and wait if I get an opportunity to enter into any trades. In the meantime I will comment on live market development and answer any questions regarding Market Profit Pack and trading. There is no sales and marketing involved, only trading and valuable...
I had a webinar sponsored by NinjaTrader mentioned above.

In the webinar I have shown my style of trading and also did live analysis of 6E (Euro futures) including comments on current market development.

You can watch webinar recording here
Inserted Video
  • #46
  • Nov 1, 2013 2:10am Nov 1, 2013 2:10am
Quoting CFA Trader
USDCZK - I have opened long term swing long position in USDCZK. You can find details about this position including entry and profit target on my website (www.cfatrader.com).
USDCZK - I have closed this position.
  • #47
  • Apr 23, 2014 3:31am Apr 23, 2014 3:31am
EURUSD has some volatile moves after morning macro news from Europe. I am waiting for short opportunities around 1,3885 resistence level.
  • #48
  • Apr 24, 2014 3:53am Apr 24, 2014 3:53am
EURUSD - since yesterday afternoon I have bullish bias on EURUSD. I have opened long positions. I took profit on one of them already. Currently I am waiting if price test into important resistence level around 1,3885.
  • #49
  • Apr 25, 2014 3:32am Apr 25, 2014 3:32am
EURUSD - Yesterday after US macro news (8:30 EDT) the price tested into strong support where there was previous reactive buying activity (see attached picture).
This support held again and we had a nice retracement of price confirming reactive buying activity again.
I still expect more upside move. I hold my long positions and plan to add more.
Attached Image (click to enlarge)
Click to Enlarge Name: 25.4.png Size: 174 KB
  • #50
  • Apr 28, 2014 3:44am Apr 28, 2014 3:44am
EURUSD - Friday´s development has surprised me. I was expecting move towards 1,3885 resistence. The day ended in very narrow (unusual) range. I have closed part of my long position when I saw no upside momentum.
The expected move higher came this morning. I still wait for the test of important resistence. I plan to close part of my long position there. and then I will observe if reactive sellers step into the market there.
  • #51
  • Apr 29, 2014 4:04am Apr 29, 2014 4:04am
EURUSD - reactive sellers have stepped into the market little bit earlier than the expected resistence (1,3885) which I keep mentioning for few days.
I have closed part of my postion from Friday after reactive sellers entry.
Later in the afternoon a signal to the short side has developed. I did not want to trade it, but I also did not want to hold my long position against this signal so I have closed second part of my position.
Then I was waiting in strong support around 1,3850-1,3840 to enter into a long trade again. I got my entry and closed part of the position today morning at yesterday´s VAH.
After the selloff on macro news from eurozone I have closed second part of yesterday´s long position as well.
I will be very selective in opening new trades since I don not expect any significant move before tomorrow´s FED.
Attached Image (click to enlarge)
Click to Enlarge Name: 29.4.2.png Size: 15 KB
  • #52
  • Apr 30, 2014 3:36am Apr 30, 2014 3:36am
EURUSD - after release of CPI index from Germany yesterday afternoon, there was strong selling initiative in EURUSD. Most of day´s volume was traded in the lower part of the profile which means that lower prices were accepted.
Typically this situation points to further price move to downside. But I am not going to trade at all today since we have many major macro news releases throughout the whole day. Any of the news can change the situation.
I will only observe market reaction to individual macro news and I will decide on potential new trades tomorrow or Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.4.png Size: 202 KB
  • #53
  • Apr 30, 2014 5:26am Apr 30, 2014 5:26am
Quoting CFA Trader
Crude Oil - My video analysis (http://youtu.be/5FMu76nzb18) from July 23 is still valid. However it is important to appreciate the current situation around Syria. I have hedged my short position. I expect move around 115,50 and eventually 118. I will close my hedge around those levels. I do not rule out a violent spike if something goes bad politically or militarily. I will keep eye on this market and eventually hedge again.
Could you tell me if it is possible to insert video directly from your computer?
  • #54
  • May 2, 2014 3:57am May 2, 2014 3:57am
EURUSD - Selling initiative from Tuesday was completely eliminated after release of CPI from Eurozone. After this macro news release, price tested below 2 week trading range and showed strong reaction of buyers which was followed by buying initiative.
My view at EURUSD is bullish and I wait for signals to enter into long trade(s).
Attached Image (click to enlarge)
Click to Enlarge Name: 2.5.png Size: 214 KB
  • #55
  • May 2, 2014 5:49am May 2, 2014 5:49am
Your profile looks very cool .


What's the session of your profile ? ETH RTH or customized?

and what do you think about the different session's profile when you trading 6E 6J ...etc?

Does you need to merge all 3 sessions' profile or split them based on different instruments?

Appreciate any help from you.

Thanks
  • #56
  • May 2, 2014 7:06am May 2, 2014 7:06am
Quoting xpinbar
Your profile looks very cool . What's the session of your profile ? ETH RTH or customized? and what do you think about the different session's profile when you trading 6E 6J ...etc? Does you need to merge all 3 sessions' profile or split them based on different instruments? Appreciate any help from you. Thanks
I use ETH for CME FX futures.

I did not find any edge from splitting the sessions. Also I am more of a swing trader, so smaller time frame profiles are not what I want to trade from.

The visualization I use for Market Profile (it is called Market Profit Pack - you can Google it out) allows you to customize sessions. You can use 1 day or have it automatically split (e.g. Asian, European and US session, or specific times).

Have good trades
  • #57
  • May 5, 2014 3:40am May 5, 2014 3:40am
EURUSD - The lower singles area from my last post provided support after initial Friday selloff, after 8:30 macro news. I was waiting for my entry signal to long trade but did not get it.

However the growth later in the afternoon has surprised me. I was expecting double distribution profile to form.

Technically all is still in favor for further growth. I still wait for pullbacks and entry signals into long trades, but I will only take signals from lower time frames (1h -4h) to keep my risk low since there will be ECB press conference on Thursday and it could bring surprising move to downside.
  • #58
  • May 6, 2014 3:52am May 6, 2014 3:52am
EURUSD - we had untypical day on EURUSD yesterday - very narrow range and low volume traded.

Today, after morning macro news from Europe the expected move to the upside came. Since there was no pullback I could not enter into a long trade.

At the moment market sits on very important resistence (wVAH). If price moves through this resistence I expect test of yearly highs. I still wait for pullback to enter into long trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 6.5.png Size: 70 KB
  • #59
  • May 7, 2014 3:52am May 7, 2014 3:52am
EURUSD - Key resistence around 1,3920 was not able to hold further upward price movement yesterday. Value was established above this resistence = higher prices were accpeted. This is still in line with my bullish bias. There is high probability that price will test yearly high (1,3966).
I want to take long trades on pullback into yesterday´s buying initiative. However I want to see buyer´s reaction there first, so I will wait for entry signal.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.5.png Size: 147 KB
  • #60
  • May 9, 2014 3:51am May 9, 2014 3:51am
EURUSD - We got the test of yearly high about which I was writing about for last few days. I was able to take a long trade yesterday morning, but got rid of it before ECB rate decision.
After Draghi´s comment about FX rates there was strong sell action on very high volume. This was the strongest sign of sellers I have seen since 27.12.2013. I was able to open short trade from 1,3872 and took 14 pips of profit.
I have short bias and wait for short signals in 2 solid resistences from the attached picture.
Attached Image (click to enlarge)
Click to Enlarge Name: 9.5.png Size: 74 KB
0 traders viewing now