Extracted Thread (per thread starter's request)

Hello Rocky

If I can ask, what is the name of your volume or market profile on your ninjatrader chart? I really like ninjatrader and trying to find this indicator for volume profile or market profile (not sure which one it display) but cant find it. Is it a third party addon or?

Thanks much in advance and again really love your charts.

I am really thinking to leave spot forex and start trading live in the future market for future currency and ES and YM. I love VSA and volume spread analysis using future volume is so much more reliable then the tick volume used in spot forex. Any good recommendation for a future broker for Canada?

InnerGrowth

Hello Rocky

Thanks a lot for the info. I will look into it.

Thanks again for those great charts and wishing you lot of good money for all the efforts you put to share your knowledge with us.

Good trading

InnerGrowth

Hi Rocky
May I know how do you set a target? Do you always set the target at the opposing supply/demand? Or you set a minimum profit objective in relative to risk?
Thank you Rocky, and have a pleasant weekend

Hi Rocky, what OFA software that you use?

Thanks Rocky, I will surely check it out

09:43 hrs, Stopped out minus $60.

10:41 HRS. A few large buy contracts coming in so to protect my capital this trade is at B/E.

10:47 hrs. Stopped out at B/E plus 1.

May I have a question rocky?
I think it's the same with all trading methods (or call them whatever you want). You can teach people to draw S/D zones, you can teach people to use footprint, however what they miss most of the time is the context.

What I mean is that we always have supply zones above us, and demand zones below us. My question is whether how you define when to trade which one. Do you watch overall market structure somehow (trend on a higher TF) and then only take demand zones (and not supply zones) if the trend is bullish etc?
So my question is whether how you filter our the S/D zones depending on market context.

Thank you!

LamerTrader, for me when I conduct my analysis it's all about context within my chart structure, that's first and foremost. It's usually based on a daily or 4 hour chart. From there I use the tools I have invested in. For example the market profile tool, OFA tools (MVH, MVL, LOW VOLUME NODE, POC), then the free tools such as Fibs, Trend-lines, Channels, VSA.

Then I look for confluence within my market structure. This may be a Demand/Support zone at a low volume node confirmed by vsa or OFA. It may be a 618% fib extension with trapped buyers (OFA) at a Supply Zone. Obviously there is much more but this is my main frame work when deciding on entering a trade. The more confluence you have based on your analysis the higher your probability will be for a profitable trade. Always try to maintain a R.R. of 2 to 1 or better.

Either way the Market will still do what it wants, even with the best set up in the world. You will win some and lose some. Hopefully you will have more profit than loses at the end of the day.

I recently purchased another tool to add to my arsenal. It's the Jigsaw Trading Depth and Sales Platform by Peter Davies. I actually find this more advantageous than the OFA tool, and for a lot less $$$. I also purchased the "No BS Day Trading" course by John Grady. Grady uses the Depth and Sales platform to scalp the ZN, ZB and the ZF. He's a scalper so I'm new to this method but will soon add it to my arsenal.

I also purchased the Camtasia recording studio to record my trades. This is something I wish I did 10 years ago. LT, I would highly recommend doing this to improve ones trading. Each night I study my recorded trades looking at any mistakes I might have made and understanding why those mistakes were made and how not to repeat them.

I will try to post live video (trades) with the Depth of Market software when I get more proficient with the Camtasia Study software.