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I'm not into MP per se, but I do trade support and resistance and pay close attention to the "midpoints" of the ranges as defined by volume. All this predates MP by many, many years, though (Wyckoff, to be exact). As such, I do find the extremeties to be worth noting as the trips back to the midpoint (what MP calls the "POC") are more reliable with regard to entry points and management than are the trips away from the midpoint to support or resistance.
For example, the midpoint in the NQ has been 1780 for weeks now. Trading the support and resistance extremes from this back to 1780+/- has been not only simple but easy. This will all end when we break out of this hinge, but, in the meantime, it's been a pleasure.
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Db,
I am just starting to tinker with MP in addition to using
VSA and Wyckoff and it apppears quite good. I need to look at more trades and gather a few more stats.
Previously, I had just used pivot points and the previous day's high or low. I had a little bit of previous exp. with MP having studied it for a bit last summer. I believe the reason why both are complimentary are they are both based on volume which is a method of trading based on sound logic.
I just want to give another note of thanks to Soul Trader as I watched his videos using the two and. For example, today the ER2 opened below
VAL and it showed clear weakness as defined by
VSA and Wyckoff as it approached the area and rejected the
VAL twice on a 3 min chart. Get short. Then it penetrated the PDL on volume and started to pullback on lower volume. Get short again.