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02-28-2007, 02:10 PM
| #9 | ||
  Join Date: Oct 2006 Location: Stockton Springs, Maine Posts: 1,440 Thanks: 0
Thanked 53 Times in 19 Posts
| Re: Playing the Initial Balance | ||
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10-11-2011, 07:30 PM
| #10 | ||
 | Re: Playing the Initial Balance I also focus my trading method around the Initial Balance..However, I am also mindful (along with the width of the IB) of how the Value Area migration is developing. I have also heard of something related to the Initial Balance referred to as the 95% rule.Anyone familiar with this term? Opinions and views appreciated. | ||
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10-13-2011, 08:30 AM
| #11 | ||
 Status: Super Moderator Join Date: Mar 2009 Location: London Posts: 2,299 Thanks: 213
Thanked 564 Times in 445 Posts
| Re: Playing the Initial Balance The 95% rule you mention probably refers to the number of times at least one side is broken. If you look back, there are very few examples which both the IB high and low end up the high and low of the day. The smaller the range of the IB usually the more likely it is to break. Hope this helps.
__________________ Cheers, TheNegotiator. Day Trading the E-mini Futures - Discussing and trading the E-minis every day! Bigger Picture in E-minis Discussion - Tryin' to see the wood for the trees  | ||
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| The Following User Says Thank You to TheNegotiator For This Useful Post: | ||
Trotta (10-18-2011) | ||
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10-18-2011, 01:44 PM
| #12 | ||
| | Re: Playing the Initial Balance That would make absolute sense. May observations also lead me to conclude that it is 'Rare' that the IB high and low is the high AND low of any given trading day. I came across an article that said that the Initial Balance is now a somewhat outdated technique as 'gone are the days when floor locals could manipulate the price action of the market'. Any trading rooms that one can recommend that specialize in Market Profile and Order Flow that are actually calling 'Live' trades? | ||
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10-19-2011, 04:34 AM
| #13 | ||
| Status: Super Moderator Join Date: Mar 2009 Location: London Posts: 2,299 Thanks: 213
Thanked 564 Times in 445 Posts
| Re: Playing the Initial Balance I couldn't recommend any mp room for you but take a look at this thread:- market profile trading room thread
__________________ Cheers, TheNegotiator. Day Trading the E-mini Futures - Discussing and trading the E-minis every day! Bigger Picture in E-minis Discussion - Tryin' to see the wood for the trees | ||
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10-19-2011, 09:48 AM
| #14 | ||
| | Re: Playing the Initial Balance | ||
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