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  • #8,221
  • Feb 3, 2017 4:25am Feb 3, 2017 4:25am
One of the most common ways to use Market Profile is to identify Pockets/Singles, you will have to do the research, but put simply look at the attached I have marked areas of singles with rectangles that have not yet been filled and I have placed Blue ticks where singles got filled, this can take days, it also happens on Weekly and Monthly. An example of this process occurred today. Can you see it? For me this is just another tool that provides clarification of why price is moving in a particular direction when there is no Fundamental reason for it.

It is going to be a slow day until NFP so here is a link to a video and videos on trading MP

The First Hour: How Important Is It? - YouTube
Attached Image (click to enlarge)
Click to Enlarge Name: MP Singles.png Size: 49 KB
Cut your Losers short and let your Winners run.
  • #8,222
  • Feb 3, 2017 5:25am Feb 3, 2017 5:25am
There are two types of ger30 in my broker(xm): ger30 cash & ger30 future.
What is the difference they? Does it matter which one should I trade
cash show spreads less.
Persian Gulf forever
  • #8,223
  • Feb 3, 2017 5:43am Feb 3, 2017 5:43am
Quoting parsfx
There are two types of ger30 in my broker(xm): ger30 cash & ger30 future. What is the difference they? Does it matter which one should I trade cash show spreads less.
It doesn't matter. Pricing will be different that's all. I'd pick the one which has lower spread(cash in your situation, which should have better liquidity as well).
  • #8,224
  • Feb 3, 2017 5:45am Feb 3, 2017 5:45am
Haven't checked in for a while. Haven't traded for a while either!

Delighted to see the master (Dee!) is posting again.
  • #8,225
  • Edited 6:14am Feb 3, 2017 5:55am | Edited 6:14am
Quoting parsfx
There are two types of ger30 in my broker(xm): ger30 cash & ger30 future. What is the difference they? Does it matter which one should I trade cash show spreads less.
https://en.wikipedia.org/wiki/DAX

Cash is Floor Traders time at the Frankfurt exchange. Closes earlier. 09.00 - 17.45 CET
Future is the Eurex. 08.00 - 22.00

The difference between the 2 is negligible so trade the GER30Future as that is what most of the brokers are using.

PS. If you use the Cash session your chart will not print bars until 9.00am and will stop printing bars at 17.45pm.
Cut your Losers short and let your Winners run.
  • #8,226
  • Feb 3, 2017 6:17am Feb 3, 2017 6:17am
Quoting mact4
Haven't checked in for a while. Haven't traded for a while either! Delighted to see the master (Dee!) is posting again.
Wondering where you had got to, I assumed you had made so much money you had taken early retirement.
Cut your Losers short and let your Winners run.
  • #8,227
  • Feb 3, 2017 7:50am Feb 3, 2017 7:50am
Hey guys!!!

What is the best pairs to scalp ?


Regards
trend is your friend?
  • #8,228
  • Feb 3, 2017 7:54am Feb 3, 2017 7:54am
Quoting AlienMan
Hey guys!!! What is the best pairs to scalp ? Regards
Usually pairs with low spreads i like the dax and wallstreet the dax is 1 pip and strong volatile pair
  • #8,229
  • Feb 3, 2017 8:52am Feb 3, 2017 8:52am
DAX +10+10

Not enough time for trading today, so I just scalped it for reach my daily goal. If you are asking how much is my daily goal - it is as much as it makes me happy, today I am happy
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3.png Size: 60 KB
  • #8,230
  • Feb 3, 2017 10:49am Feb 3, 2017 10:49am
Quoting dee50
GER30 +18. Points on the board. Perfect LH/LL combination in other words a 123 Reversal. Clues are on the chart. Note that the first combination was a LH/HL which was no good, you want to see a Trend {image}
follow the yellow brick road follow follow follow we are off to see......
  • #8,231
  • Feb 3, 2017 11:15am Feb 3, 2017 11:15am
Quoting dee50
{quote} ... I assumed you had made so much money you had taken early retirement.
Hah! If only.

No too much going on at the moment; plus house move on top. Did not feel it was safe to trade when I am so distracted.

You and the other stalwarts of this thread are doing great.
  • #8,232
  • Feb 4, 2017 10:26am Feb 4, 2017 10:26am
Quoting Divergence
{quote} follow the yellow brick road follow follow follow we are off to see......
Just spotted this post. Brought back memories from a long long time ago, I first saw The Wizard of Oz when I was at boarding school I think I was 9yrs old and I remember being in love with Dorothy, now with the latest show Emerald City, I am in lust with Dorothy, how time changes things!
Cut your Losers short and let your Winners run.
  • #8,233
  • Feb 4, 2017 10:32am Feb 4, 2017 10:32am
Who doesn't love Dorothy especially when she does that 123 step down the yellow brick road pardon the trading pun
  • #8,234
  • Feb 6, 2017 7:32am Feb 6, 2017 7:32am
Dax,,,,,+5 +20 +1 +2 +1 +1 -5 +2 +7 +18 +9

The Dax Printed out 107/ 5 pip renco bars in the first 4.5 hours ......3 big runs down/up /down most of which caught me sleeping....But hey pips are pips and hopefully my chart looks more graceful[and profitable] next time
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #8,235
  • Feb 6, 2017 9:57am Feb 6, 2017 9:57am
Looks fine to me PhilippineFx.
"Define the risk OUT of your trade"--Mark Douglas
  • #8,236
  • Feb 6, 2017 10:37am Feb 6, 2017 10:37am
DAX +5 +8

After-work trading, which mean high leverage and quick pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3.png Size: 49 KB
  • #8,237
  • Feb 7, 2017 3:22am Feb 7, 2017 3:22am
GER30 +17+21+20+1. My entries are all over the place, 1st entry was pretty good caught the pullback bar and got in nicely but after that I lost the rhythm. last entry was a farce CTM Chasing the Market. FOMO Fear of Missing Out. Both of those applied, as price got slow here I decided to get out because it was not a good entry, the fact that price then continued on is neither here nor there. The entry was based on my reaction to closing out the prior trade too early.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+17+21+20+1 070217.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #8,238
  • Feb 7, 2017 3:30am Feb 7, 2017 3:30am
Quoting PhilippineFX
Dax,,,,,+5 +20 +1 +2 +1 +1 -5 +2 +7 +18 +9 hopefully my chart looks more graceful next time
I think your chart looks wonderful just like a mountain range, I would be a bit concerned if it looked more graceful by performing a figure of eight and a triple loop!
Cut your Losers short and let your Winners run.
  • #8,239
  • Feb 7, 2017 5:34am Feb 7, 2017 5:34am
GER30+13+10. These entries were much better, I waited for the Price to come back and then took the entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+13+10 070217.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #8,240
  • Feb 7, 2017 7:18am Feb 7, 2017 7:18am
Quoting dee50
GER30+13+10. These entries were much better, I waited for the Price to come back and then took the entry. {image}
Nice work Harold...I mean Dee...
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