[Soultrader]

Originally Posted by monad »

Excellent charts and analysis SoulTrader, much food for thought and development of strategies/tactics around the concepts outlined,

Thank you monad. Just doing my best to contribute

Below shows short trade from todays session. I initially tried to short at the open but TICKS were still positive and price went on to rally over 70pts swiftly.

Short entry was when price was rejected within previous day value and droppped below VAL. Reason again is my initial bias of lower or overlapping to lower value placement.





It appears to be a open-test drive. Test upwards for supply which met with selling pressure and then rejection back down below value. Will post eixts later.

[Soultrader]

Update:

Below chart shows exits based on market profile. I am taking profits before the 1/15 low as it may take some force to extend price below this pivot.

Also using half the IB range as a target point using a normal day in mind. (normal day= IB range extension approx half of the IB range)

Further explanation on this short trade can be found on my premarket analysis video here.

[monad]

Once again great trade and analysis Soultrader, however unable to view the video, a message for permission flashes up.

Is the exit strategy applicable only to YM or can it be applied to other indices i.e ES, Dax futures etc.

Also it is of interest to note that the trade you outlined conforms to the concepts on Taylor Trading by Dogpile (his modified version) i.e if you put up daily pivots on YM 15min chart , it is around 12484, the market gaps down to that, Dogpile's method would indicate a long to the 20ema (around 12583) followed by a short.

[Soultrader]

Originally Posted by monad »

Once again great trade and analysis Soultrader, however unable to view the video, a message for permission flashes up.

Is the exit strategy applicable only to YM or can it be applied to other indices i.e ES, Dax futures etc.

Also it is of interest to note that the trade you outlined conforms to the concepts on Taylor Trading by Dogpile (his modified version) i.e if you put up daily pivots on YM 15min chart , it is around 12484, the market gaps down to that, Dogpile's method would indicate a long to the 20ema (around 12583) followed by a short.

Very interesting monad. I am not familiar at all with the Taylor Trading Technique but always interests me to know areas of confluence using different methodologies.

Regarding the exit strategy, it is one that I use for both the YM and Nikkei. I actually never looked at the Dax and I do not trade the ES so will not be able to confirm it. But I wouldnt be surprised if this technique can be applied to any index futures contract.

Regarding the video, I moved it over in the premium forums. I will make another one for tomorrow and will post it in this thread.

[Soultrader]

Heres another short setup. Perhaps this belongs in the VSA thread as it is based on a test of the high on lower volume. But at the same time the main concept is for price to remain in the current value area.

Notice that the developing value area is overlapping to lower compared to the previous day. This time my exits will be targetted above the developing POC around 12510-12520.





Update

Final exit at 12520 as planned. 3am here now and about to get some sleep. Chart shows my final exit. Good trading all and good night.

[monad]

The return to value area is indeed the main concept Soultrader on this trade, the rise in price on low volume is incidental, as the volume normally drops off during lunch period in NY,

Look forward to your charts tomorrow,

[Soultrader]

Originally Posted by monad »

The return to value area is indeed the main concept Soultrader on this trade, the rise in price on low volume is incidental, as the volume normally drops off during lunch period in NY,

Look forward to your charts tomorrow,

Yes, very good way of seeing it. The strategy here was definitely for price to return to value. It seems like price did extend the IB to the upside further before being rejected at VAH and dropping inside of the IB. (quite surprising to see that)

Chart below shows final profile for 1/16/08. Profile shows a Neutral Day in which buyers and sellers exits below and above the initial balance. Hence, you will see range extension on both ends with little net change at the end of the day.



A neutral day tends to be followed by a neutral day. Also note the TPO count at 68 vs 24 favoring sellers. Asian markets are still pretty choppy at the moment and unclear. Although a range can be expected, I will post some more charts when things become more clearer.

[Soultrader]

Please see todays YM/Nikkei market correlation and market profile analysis.

CLICK HERE TO VIEW VIDEO