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How to predict markets, Catch the moves at value

  • #201
  • Sep 3, 2016 3:35pm Sep 3, 2016 3:35pm
Quoting angelofx
Hi Dennis thanks for taking time to explain to us how you trade. For those that don't trade on the swim and j platforms how can we calculate the CPR or what other options are available in order to have this indicator as well as others you use in trading. I'm trying hard to digest some of your posts if i'm not successful then i'll ask questions.

Which platform do you use?
  • #202
  • Sep 3, 2016 3:38pm Sep 3, 2016 3:38pm
Quoting v2vboni
{quote} Good to know! Thanks D

I will send code for CPR need someone to fix it for Empty Choirs /MT4 to share with the thread followers I will post the code. Maybe it helps....welldone
  • #203
  • Sep 3, 2016 3:40pm Sep 3, 2016 3:40pm
Quoting Dennis1468
Types of Professional Traders "Your ability to determine which market participants are influencing price will allow you to judge the conviction and behavior of price movement" 1 Investors 2 Position Traders 3 Swing Traders 4 Day Traders
Trading is a game of repetitions. Traders that can consistently trade the best repetitions are those that have mastered the markets
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  • #204
  • Sep 3, 2016 3:47pm Sep 3, 2016 3:47pm
Repetition now your seeing what MT4 does not want you to see
  • #205
  • Sep 3, 2016 3:47pm Sep 3, 2016 3:47pm
Quoting Dennis1468
{quote} Which platform do you use?
MT4. Also Oanda but a lot of folks here use MT4. Sometimes you mention Pivot points and sometimes market profile, is it 2 different methods or either one produces the same result.
  • #206
  • Sep 3, 2016 3:50pm Sep 3, 2016 3:50pm
Dennis, I see that you determine the initial balance from the New York Open. I am aware of other traders that use the Wall Street Open (an hour later). Do you have any thoughts on that?
  • #207
  • Sep 3, 2016 3:53pm Sep 3, 2016 3:53pm
Now go back to page 1 and start again on this thread. Thus far we have covered trade basic. From here it will get mental. Really mental. Most will brain bleed and disappear, thats ok, I have seen it all before. Some can make it! thats down to you and you alone. You cant re-write what is the proven methods of real trading.

What I am teaching you now has not changed in a 100 years. Only difference is we dont throw paper. As we have our trades on LED's

Your entering the hardest Careers in the world which is why EAs are taking over. 3 years to write a good EA. 6 years to train a Trader. Yes thats right 6 years.

We talking Proprietary Trader , Not A booking Clerk..i,e, filled 70/60 at 2 cents on the halfs
  • #208
  • Sep 3, 2016 4:03pm Sep 3, 2016 4:03pm
Quoting pakeha
Dennis, I see that you determine the initial balance from the New York Open. I am aware of other traders that use the Wall Street Open (an hour later). Do you have any thoughts on that?

Yes, A lot of professional traders fit the open to the particular Market that fits them best.............I correlate every thing to this link......


http://www.actionforex.com/markets/pivot-points/standard-pivot-points-2010040848154/
  • #209
  • Sep 3, 2016 4:09pm Sep 3, 2016 4:09pm
Quoting Dennis1468
Now go back to page 1 and start again on this thread. Thus far we have covered trade basic. From here it will get mental. Really mental. Most will brain bleed and disappear, thats ok, I have seen it all before. Some can make it! thats down to you and you alone. You cant re-write what is the proven methods of real trading. What I am teaching you now has not changed in a 100 years. Only difference is we dont throw paper. As we have our trades on LED's Your entering the hardest Careers in the world which is why EAs are taking over. 3 years to write...
Mental means how to Engage the market at value


"The way to make money is to make it. The way to make big money is to be right at exactly the right time."
  • #210
  • Sep 3, 2016 4:14pm Sep 3, 2016 4:14pm
To be continued bye for now
  • #211
  • Sep 3, 2016 4:16pm Sep 3, 2016 4:16pm
Quoting angelofx
{quote} MT4. Also Oanda but a lot of folks here use MT4. Sometimes you mention Pivot points and sometimes market profile, is it 2 different methods or either one produces the same result.
Both are very different, however both can be used to engage the market in similar ways

MT4 is not a professional trading Software, However it performs very well for running EA's so it has that advantage if you run EA's. Its also prefered by the brokers as its interface with clients can be run at lower cost then faster more real time professional packages.
  • #212
  • Sep 3, 2016 4:17pm Sep 3, 2016 4:17pm
IB session.... North American Session Closed till Sydney/Tokyo Open

Goodnight... need to sleep now.
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #213
  • Sep 3, 2016 4:21pm Sep 3, 2016 4:21pm
Quoting v2vboni
IB session.... North American Session Closed till Sydney/Tokyo Open Goodnight... need to sleep now. {image}

Good stuff................segmenting the repetitions, night to turning in............
  • #214
  • Sep 3, 2016 4:40pm Sep 3, 2016 4:40pm
Hi all...
I'm following this thead with some interess, but i'm lost in some of the statements made here. Also i'm lost with some of the terminology.

IB (initial balance) - The high/low interval of some session chosed... Seems that Denis choose the interval between NY close and TK open, but on some post i get the ideia that any session can be choosed ???
CPR (centre of pivot range) - By what i have seen on charts appears to be the daily pivot point and the midle points between R1 and S1 and this point of pivot points.
I'm lost at VAH, VAL, POC... What they mean (not the literal mean) and how to calculate them.

Some gidance if possible. TIA

JL
Started a blog: terraceman blogspot com
  • #215
  • Sep 3, 2016 4:44pm Sep 3, 2016 4:44pm
Funny and instructive summary Dennis1468, will follow you coz i like ur view of the market
  • #216
  • Sep 3, 2016 4:50pm Sep 3, 2016 4:50pm
Hello Dennis

Many thanks for your posts and the heart to share.

Just a few clarifications, your initial balance was initially between NY close and Tokyo open, but as the thread advanced you moved to the first hour of NY open is there any reason?

Is the CPR (Initial Balance) the value area/range while the pivot is the value?

Please advise, I like to trade off weekly and monthly charts can I use daily IBs instead of using NY or Tokyo IBs?

I will appreciate your response.

I am also looking forward to the fundies part.

Thanks for sharing
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #217
  • Sep 3, 2016 5:27pm Sep 3, 2016 5:27pm
Quoting jlongo
Hi all... I'm following this thead with some interess, but i'm lost in some of the statements made here. Also i'm lost with some of the terminology. IB (initial balance) - The high/low interval of some session chosed... Seems that Denis choose the interval between NY close and TK open, but on some post i get the ideia that any session can be choosed ??? CPR (centre of pivot range) - By what i have seen on charts appears to be the daily pivot point and the midle points between R1 and S1 and this point of pivot points. I'm lost at VAH, VAL, POC......
Jlongo

The initial balance is the high/low from the first hour of a trading session (i.e. completion of the first 2 letters in the Market Profile). As Dennis indicated he uses a 24 hour day (some traders may use a specific session, but he doesn't), so NY open to NY open as an example.

The value area and POC concepts also come from the Market Profile.
Value Area – The Value Area represents the range of prices that contain 70% of a day’s trading activity. This 70% represents one standard deviation and reflects the area where a majority of the trading occurred. It can be calculated based upon the TPO count (number of letters in the profile) or more accurately using the actual volume at each price. It is most commonly referenced to yesterday’s trading and used as reference points for the current day.
Point of Control (POC) – The price that recorded the most trading activity.

There is lots of information out there on Market Profile. Start with Dalton "Mind over Markets" if you really want to delve deeper.
  • #218
  • Sep 3, 2016 5:42pm Sep 3, 2016 5:42pm
@Pakeha

Thankyou, its clear now.
Started a blog: terraceman blogspot com
  • #219
  • Edited 8:38pm Sep 3, 2016 7:46pm | Edited 8:38pm
Quoting Dennis1468
S1 market order picked up was hoping to get filled on S2 as well but not happened....thats how easy it is {image}

LOL do you know what nfp is? You know it doesn't understand S1, S2 and S3 right? It's that easy before the event and after. LMAO That's one of my fav indicators, it works a treat!
  • #220
  • Sep 3, 2016 9:51pm Sep 3, 2016 9:51pm
Quoting Dennis1468
{quote} Mental means how to Engage the market at value "The way to make money is to make it. The way to make big money is to be right at exactly the right time."
Great thread Dennis,
But how can you be right at the exact right time, in a market that is uncertain?
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