Does anyone here use MP, Auction Market Theory for anything besides Intraday Trading?

[Reaver]

Just wondering, as swing trading is what I'll mostly be limited to while working full time, just seeing if anybody else use a longer term plan or if it was mostly intraday here in the Lab. Thanks

[TinGull]

It most certainly can be used for longer term trading. I think MrPaul would be a good person to talk to about swing trading and implementing some MP techniques into it. He's definitely in more of a swing trader type of mindset than I.

[Reaver]

yeah good point, I'm taking the Cisco course and it has alot of applications for swing trading, etc, but I wanted to be able to touch base with someone who had some ideas and/or experience. Thanks for the reference Tin.

[MrPaul]

Yeah, I am comfortable on the swing time frame, I haven't utilized MP in that respect though. I imagine it is VERY useful

[Soultrader]

I day trade only but I know of several swing and day traders who use MP exclusively to trade the bonds. They are expert MP traders and I have seen them trading... its amazing how they identify S&R levels with MP.

One interesting element I noticed about these MP traders were:

1. They really trusted their MP metholodgy. They bought on a declining market at a key level and they were able to hold on to their positions much longer because of their faith in their method.
2. They were able to identify if a market had made its low or high for the day. It still amazes me how quick they were able to see this.
3. Their entries always provided them with good risk:reward ratios.

[stevio]

	Quote:	Reaver
	Just wondering, as swing trading is what I'll mostly be limited to while working full time, just seeing if anybody else use a longer term plan or if it was mostly intraday here in the Lab. Thanks

Hi Reaver (and everyone else), :-)

(I'm new to the board - read my profile to learn more about me).

I'm in your same boat - trying to develope a swing trading method (using Profiles) while working a day job.

I use MP to identify Supp/Res levels. Problem I'm having now it learning to (and stop procrastinating) put in logical orders to act on those levels while I'm not around to watch.

One idea I had was to use "Order-Cancels-Order" orders that I could enter in the morning and then just check back later in the day to see what happened.

Here's my conundrum using some data that relevant to what going on now:

the ES mini is looking lofty to me(1455). So, like many traders, I'm expecting a pullback to 1436 area, which is by my calucations a nice longer-term upper VA edge. I want to get long here.
However, if it begins to trade lower than 1436, now it has entered the VA range which (according to MOM) would mean it might trade all through the entire range - taking it down into the low 20's. At which point now, I want to be out (or short).
Add-in a little usual market chop and you can see my delemna. I feel as though I should be there during the day, watching to pull the trigger in the appropriate direction depending on what I see.

I guess this is all part of being a newbie.

Oh, and this might be redundant, but I found that after studying Don's course for a while, the Mind Over Markets (MOM) book makes a lot of sense and helps tie all that course work into a useable framework.

- Steve

[Reaver]

Any updates in light of Jim Dalton's new book coming out that touches on longer time frames? Wondering if anyone has given it a shot.

[dalby]

i've never read any MP books, but i do trade MP on both a swing and intrdaday time frame.

i find composite charts (multiday charts) help a lot

[Reaver]

Thanks Dalby, are you self taught?