Extracted Thread (per thread starter's request) | Page 104 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #2,061
  • Edited 4:22pm Jun 25, 2014 3:13pm | Edited 4:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: 6A 09-14 (1444 Tick) 6_25_2014.jpg Size: 182 KB


I must add that this is a feature that the trader can turn on and off ONLY IF YOU ARE TRADING LIVE, however, if you ever have a doubt about a traders sincerity then simply have them turn the market entries execution to show "Text and Markers". The live trades will appear on the chart exactly as you see on my posted chart, again, Hope this helps, Rocky!
  • #2,062
  • Jun 26, 2014 4:17am Jun 26, 2014 4:17am
Thanks Rocky
  • #2,063
  • Jun 26, 2014 7:05am Jun 26, 2014 7:05am
Quoting TheMaxx
Thanks Rocky
TheMaxx, how are you my friend? Glad I can help. Hope your trading is going well, Rocky!
  • #2,064
  • Jun 26, 2014 7:30am Jun 26, 2014 7:30am
Quoting rocky
{quote} TheMaxx, how are you my friend? Glad I can help. Hope your trading is going well, Rocky!
Rocky,

Thank you for the charts you shared lately. I have found some documents about Market Profile but have some difficulties to sort out where i can find a clean source to learn applying Volume Profile along other tools i use.

I have encountered different concluions how to deal with LVN, HVN and value areas.
  • #2,065
  • Jun 26, 2014 8:21am Jun 26, 2014 8:21am
Quoting Trappist
{quote} Rocky, Thank you for the charts you shared lately. I have found some documents about Market Profile but have some difficulties to sort out where i can find a clean source to learn applying Volume Profile along other tools i use. I have encountered different concluions how to deal with LVN, HVN and value areas.
Hi Trappist, the market profile tool that I use is the Logik Wand by Rob Mitchel. It's not a standard "fixed" market profile tool that only measures from Midnight to midnight but is adjustable to any time frame, any swing high and low. The tool combined with my methods works really well. He has a video on youtube and also a website.

One thing that works really well is taking a swing high and low on either a daily chart or 4 hour chart and measure that swing with the Profile tool. Now mark out the low volume areas similar to drawing a zone. Now drop down to either a 60 min or 30 min chart. The Low volume node zones from the higher time frames should be visible. From there do a market analysis like you've seen me do in the past. If any of the higher time frame low volume nodes converge with a demand zone or supply zone on the lower time frames you have just increased the likely hood of a winning trade by 50 folds. If I get a chance I'll post an example.
  • #2,066
  • Jun 26, 2014 8:54am Jun 26, 2014 8:54am
I will watch the video. Thank you for the hint.

I understand better now the way you use LVN. I am very thankful for an example when you have time.

We expect the price to go back from this LVN towards the VAH, VAL or VPO, is this right?

If price breaks up or down with acceleration, then do you handle the last VAH, VAL and VPOC as strong supply/demand levels ?

How important is HVN for you?

These are the questions i need some help with.

Quoting rocky
{quote} Hi Trappist, the market profile tool that I use is the Logik Wand by Rob Mitchel. It's not a standard "fixed" market profile tool that only measures from Midnight to midnight but is adjustable to any time frame, any swing high and low. The tool combined with my methods works really well. He has a video on youtube and also a website. One thing that works really well is taking a swing high and low on either a daily chart or 4 hour chart and measure that swing with the Profile tool. Now mark out the low volume areas similar to drawing a zone....
  • #2,067
  • Jun 26, 2014 9:34am Jun 26, 2014 9:34am
Attached Image (click to enlarge)
Click to Enlarge Name: 6A 09-14 (1444 Tick) 6_26_2014.jpg Size: 103 KB
  • #2,068
  • Jun 26, 2014 10:43am Jun 26, 2014 10:43am
Quoting rocky
{quote} TheMaxx, how are you my friend? Glad I can help. Hope your trading is going well, Rocky!
Still struggling, but I can see the light at the end of the tunnel!
  • #2,069
  • Jun 26, 2014 12:01pm Jun 26, 2014 12:01pm
Hey Rocky how have you been. I have a question for you. I also use the wand. My question to you is how are you pulling the boxes on the charts with the wand. Just trying to understand technique invloved. Also when do you pull another box and cancel the previous box drawn by the wand. Last question, what timeframe do you consider the minimum to draw the wand?

Thanks Rocky and appreciate the insight.
  • #2,070
  • Jun 27, 2014 11:15am Jun 27, 2014 11:15am
Quoting rocky
{quote} Hi Trappist, the market profile tool that I use is the Logik Wand by Rob Mitchel. It's not a standard "fixed" market profile tool that only measures from Midnight to midnight but is adjustable to any time frame, any swing high and low. The tool combined with my methods works really well. He has a video on youtube and also a website. One thing that works really well is taking a swing high and low on either a daily chart or 4 hour chart and measure that swing with the Profile tool. Now mark out the low volume areas similar to drawing a zone....

With reference to your following post;

http://www.forexfactory.com/showthread.php?p=7564754#post7564754

Dear Rocky,
I will try to rephrase my last post.
"Is it taking out the lower level? Or is it taking out the upper level ?"
With the statement above, you mean ; The upper level implies VAH, lower level implies VAL.

Most of the money sit at Vpoc in the Value area.
What i understand from this post is, VALUE AREA is the place where most money sit. Institutions stop hunts the nearest price area to VPOC .
  • #2,071
  • Jun 27, 2014 3:58pm Jun 27, 2014 3:58pm
Hi guys! I am very glad to see you around!
  • #2,072
  • Jun 28, 2014 1:30pm Jun 28, 2014 1:30pm
Quoting Trappist
{quote} With reference to your following post; http://www.forexfactory.com/showthread.php?p=7564754#post7564754 Dear Rocky, I will try to rephrase my last post. "Is it taking out the lower level? Or is it taking out the upper level ?" With the statement above, you mean ; The upper level implies VAH, lower level implies VAL. Most of the money sit at Vpoc in the Value area. What i understand from this post is, VALUE AREA is the place where most money sit. Institutions stop hunts the nearest price area to VPOC .
I just read your post, I'll answer it later.
  • #2,073
  • Jun 28, 2014 1:33pm Jun 28, 2014 1:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: GC 08-14 (1440 Min) 6_27_2014.jpg Size: 176 KB


http://www.forexfactory.com/attachme...1&d=1403980343
  • #2,074
  • Jun 28, 2014 1:59pm Jun 28, 2014 1:59pm
If anyone would like me to share this chart on the "AUD Thread" let me know and I'll post it there, Rocky!
  • #2,075
  • Jun 28, 2014 2:25pm Jun 28, 2014 2:25pm
Quoting rocky
{image} {image}
Rocky,

How do you know where(at which price level) SM will proceed a stop hunting activity?
This matter is really interesting because i know where SM is active but you pointed on some of your charts where SM was stop hunting. What i know, SM stop hunts with upthrusts or shake out candles.

The price areas you pointed out on the charts were some price levels which i could not have figured out why you had chosen them.
  • #2,076
  • Jun 28, 2014 2:35pm Jun 28, 2014 2:35pm
Quoting Trappist
{quote} Rocky, How do you know where(at which price level) SM will proceed a stop hunting activity? This matter is really interesting because i know where SM is active but you pointed on some of your charts where SM was stop hunting. What i know, SM stop hunts with upthrusts or shake out candles. The price areas you pointed out on the charts were some price levels which i could not have figured out why you had chosen them.
That's a "secret" I learned before I retired as an Institutional Trader for Goldman Sachs trading a 55 million dollar hedge fund Just Kidding, I'll get back with you later, rocky!
  • #2,077
  • Jun 30, 2014 12:11pm Jun 30, 2014 12:11pm
Quoting rocky
{image} {image}
Rocky,

When you think market sentiment has changed with higher highs and higher lows, then you start drawing your paralell trend lines.

Do you draw them with a help from Pitchfork or do you draw them manually?

As regards to stop hunting, is it possible to claim that Instituions stop hunts around low volume nodes which are considered as unfair value areas.

what i observe is , your entries are always around unfair value price levels.
  • #2,078
  • Jul 1, 2014 10:23am Jul 1, 2014 10:23am
Quoting rocky
{quote} That's a "secret" I learned before I retired as an Institutional Trader for Goldman Sachs trading a 55 million dollar hedge fund Just Kidding, I'll get back with you later, rocky!


Good to see you again my friend . Hope all is well


TSD
  • #2,079
  • Jul 3, 2014 7:29pm Jul 3, 2014 7:29pm
Quoting TraderinSD
{quote} Good to see you again my friend . Hope all is well TSD
TraderinSD, every once in a while if I'm bored I'll pop in to F.F. and post some trades. Hopefully all is well with you, Rocky!
  • #2,080
  • Jul 3, 2014 7:31pm Jul 3, 2014 7:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: EUR against The U.S. Dollar.jpg Size: 367 KB


http://www.forexfactory.com/attachme...1&d=1404433841
1 trader viewing now