[malverd]

On the last trade with the Shapiro Effect, is the initial stop loss still at the PVP?

After you move into a profit with the bar closing, then you move the stop to breakeven?

Thanks, great videos & insight.

[linkon7]

Im having lil difficulty in understanding this, attaching chart of Nifty Future( Index Future traded @ NSE India )
Please answer my queries,
1) as one can see skew is +ve in chart but price is below Vwap n one point also below PVP--- how to trade this ? i have made notes while Reading these threads where i noted that in these situations ..trades should b done into Low volume region with range extension..don't remember exactly which thread that was..can u explain this again
and
2) mark at Point 1...so far skew is +ve/price above Vwap n im looking to enter long..if i enter @ Vwap( point 1) should i put my stop @ today's PVP or should i scale another lot @ PVP..n in that case what should be my stop or reverse method..coz i think buying another lot @ PVP ..it would be naked long..

I hope Jperl is around..Great Threads Jperl, learned a lot form it..Sincerely thank u very much for your time
Please reply.

[BlowFish]

Remember you don't need to trade all the time, if it does not meet your criteria there is no trade. Having said that you might want to review the break out thread (and possibly the symmetrical distribution one though this does not look symmetrical to me). That gives ideas of other circumstance to initiate trades.

[ammo]

Originally Posted by linkon7 »

Im having lil difficulty in understanding this, attaching chart of Nifty Future( Index Future traded @ NSE India )
Please answer my queries,
1) as one can see skew is +ve in chart but price is below Vwap n one point also below PVP--- how to trade this ? i have made notes while Reading these threads where i noted that in these situations ..trades should b done into Low volume region with range extension..don't remember exactly which thread that was..can u explain this again
and
2) mark at Point 1...so far skew is +ve/price above Vwap n im looking to enter long..if i enter @ Vwap( point 1) should i put my stop @ today's PVP or should i scale another lot @ PVP..n in that case what should be my stop or reverse method..coz i think buying another lot @ PVP ..it would be naked long..

I hope Jperl is around..Great Threads Jperl, learned a lot form it..Sincerely thank u very much for your time
Please reply.

it looks like a large hns,see if it sets up and plays out ,if not trade the mp on the left...i added an image,1st time, and it didnt come thru,sorry

[linkon7]

You r right Blowfish, there is no need to trade all the time but once u miss move, looking for reentries , may be i should have used Shapiro effect.
Actually there was no conviction at all at open..it was open Auction so i tarded both sides Trade(scalps) , made money..bt its Point2 in earlier chart..where Skew +ve bt price moved below Vwap n Pvp..i got Whipped there n ended day with loss
btw here is how it closed..from point 2..moved +30 points.

@ ammo ...in HNS shouldn't be ..head higher than both shoulders..here its opposite.

Thanks guys..

[ammo]

Originally Posted by linkon7 »

You r right Blowfish, there is no need to trade all the time but once u miss move, looking for reentries , may be i should have used Shapiro effect.
Actually there was no conviction at all at open..it was open Auction so i tarded both sides Trade(scalps) , made money..bt its Point2 in earlier chart..where Skew +ve bt price moved below Vwap n Pvp..i got Whipped there n ended day with loss
btw here is how it closed..from point 2..moved +30 points.

@ ammo ...in HNS shouldn't be ..head higher than both shoulders..here its opposite.

Thanks guys..

couldnt see the timeframe on your chart but hns can have 2 heads

[Malvolio]

Originally Posted by jperl »

Regardless of whether price action has moved to the PVP or the PVP has moved to the price action, the effect is the same. You are now looking at a zone where trade entry is precarious, so be cautious.

Hi Jperl,

thank you very much for your effort you made posting here. I noticed that a volume (PVP) shift not necessary means that you are trading in a zone where trade entry is precarous. Because when you are in a trending day the PCP (or VPOC) is shifting behind price and price will make a directional move away from PCP. So for me a PCP shift is often an indication for an established trend (depending on the volume distribution and price action). Trading with the skew would then mean trading against the trend.
How do you see it?

All the best,

Malvolio

[BlowFish]

Originally Posted by Malvolio »

Hi Jperl,

thank you very much for your effort you made posting here. I noticed that a volume (PVP) shift not necessary means that you are trading in a zone where trade entry is precarous. Because when you are in a trending day the PCP (or VPOC) is shifting behind price and price will make a directional move away from PCP. So for me a PCP shift is often an indication for an established trend (depending on the volume distribution and price action). Trading with the skew would then mean trading against the trend.
How do you see it?

All the best,

Malvolio

I have noticed this and mentioned it a couple of times over the course of the threads. (probably rather labouring the point).

Price will move in the same direction for most of the day and volume will increase with each push attracting new buyers and sellers. On days like this the PVP will frequently jump ahead and form in the new high/low territory (as there where so many buyers sellers at that point). Price often will not hang round there and continue in he same direction. You will get the PvP 'stair stepping' along with the new extremes.

There are several things you can do.

Stay out of the market. This would possibly be the best choice, it follows Jerrys principles too.

Take breakout trades at the 1 SD. In practice I have found on these days the PVP will usually be above the 1SD so this probably won't trigger a BO trade as described here.

You could take trades at the 1SD even if the PVP is not between 1SD and VWAP. This pretty much runs against what Jerry has shown us here. You might not even have much chance of that as price leaves the VWAP and 1 SD behind.

This is a little hard to describe in words but I have previously posted charts of this type of price behaviour/