Extracted Thread (per thread starter's request)

15:32 hrs... My original TP was just hit at 2262. However due to a stagnant market I cashed out a little early.

The times written on the chart are a.m. not p.m.

Forexgineer, Looks like you have the new and improved version of OFA. I've had the OFA software for about 6 years now. I have one of the original versions. I've never upgraded to the new versions since what I was doing worked fine. I'll give you the parameters I use with my version.

OFA Parameters

OFA/NINJA:
Trade size filter .......... zero
Strong Bid/Ask levels.. 4
Weak Bid/Ask levels.... 4
Show hide zeo level.... True

OFA/VCA:
Cluster concentration... 1
Response Speed........... 4
Initiating Speed............ 6
Show Secondary Levels. True
Show Additional Levels.. False
Show Period Classification....False

OFA/MOA-Momentum

Buying Momentum

Bid
Neg to weak
Neg to weak
Neg to weak
Neg to weak
Neg to weak

Ask
Strong
Strong
Pos to Strong
Pos to Strong
Pos to Strong

Selling Momentum

Bid

Pos to Strong
Pos to Strong
Pos to Strong
Strong
Strong

Ask

Neg to weak
Neg to weak
Neg to weak
Neg to weak
Neg to weak

Hopefully you can plug these parameters into the newer Version.

Good Luck with your trading, Rocky!

Harmonic1976, Dashfx1990, Forexgineer, I've temporarily opened my thread. Just to be upfront I'm in no way an educator, Sorry. What you see on my charts are pretty much the extent of how I'll educate. I'm just a trader. I'll answer questions when I can, usually with a chart. So be patient if I don't answer Immediately. I'll keep the thread open for a week or so, Thanks

Thanks Rocky! I read about 100 pages of your thread over Christmas Holiday and have to finish to catch up. Was interesting to see how your trading has evolved over the years and I've learned a lot just by reading every single chart that you've posted. You're one of the few pros that I have come across and I hope to one day reach the level of yourself and Mr. Pip.

I have 3 major questions up to this point that would be helpful.

1. How do you determine your pitchforks? I've tried to use them but it seems extremely discretionary.

2. Do you use the OFA tools in conjunction with your areas of interest? i.e. at the top of a pitchfork range looking for trapped buyers?

3. I recently purchased jigsaw tools and it seems you are using them as well. Do you mostly use them for the reconstructive tape to see large orders? Or are you reading the orderflow on the DOM?

Harmonic, Pitchforks are subjective. I personally really don't even think about how to draw them. It's almost like walking for me, I just see it in the chart. However Jmezz asked me the same question so I answered it the best I could. It's on damians thread, page 1188, post 23758.

Yes, I use OFA tools, Jigsaw Dom Bid/Offer orderflow, Auction Vista (Great for seeing liquidity), Recon Tape, Summary tape. If I have time tomorrow I'll breakdown how I use each of these tools.

I used a pitchfork in my YM trade today. It was in a clear uptrend from the get go, easy to spot. I had errands to run this morning and miss a lot of great setups. I did manage to get 1 trade in before the close.

Right on, I'll check out the thread.



That would be a tremendous help if you have time. Thank you!

Rocky has also mentioned somewhere about the youtube channel called Market Geometry. They have a lot of info but the vids on pitchforks are great!

As previously mentioned on the thread by Rocky, there are over 35 free videos on the IB website regarding pitchforks, fibs, swings and so on (Tim Morge). Took me a while to get through them all but worth a watch.

Rocky, what gave you the signal to go short on your last trade?

This is what I like about using tools of the profession. Most traders looking at the same chart saw no short opportunity. However, real order flow was telling a different story. There was a large area of Short side liquidity resting between 2292.50 and 2293.50.

When PA entered this area the jigsaw dom started absorbing Buy contracts with Iceberg orders at the Offer, this is Impossible to see with just a chart. This was then followed by short blocks orders. It's one of my main setups I look for. The large buyers at this level were all trapped thinking PA was going to continue higher.

Also, as a note, I mentioned the large short side liquidity at 2288 on my first trade. This level was taken out by aggressive buyers trapping those shorts. When PA returns to this level it would be considered strong support with the proper order flow. A better way to say this is what was Supply flips to demand when taken out.
This is another pattern I look to trade. Like clock work 2288 was later hit to the tick and then reversed acting as support.

Attached Image (click to enlarge)

Hi Rocky, thanks for doing this, very much appreciated. Based on your previous posts I've decided to trial the OFA software on NT8. In one of your previous posts you mention that you use the Momentum tool? Can you provide a screen shot of this.

6E - Was taken out for -10 pts. I wasn't able to be in front of my desktop with jigsaw tools but I did some analysis on the Euro and it looked like a good shorting opportunity and PA seemed to confirm that.

Looking for re-entry since at possible second pitchfork.

What are your thoughts?