86834

Just another quicky on measure moves. Market never really makes more than three moves, normally get a reversal after two moves. So after 1385.25 look to see how the market reacts to 1389.25 area and 1393.25 area. Kev.

Hey, i apologise now as i haven't posted these live (been dealing with people moaning in the the office...) Long from 1379.25, just as i'm typing, exit trager reached at 1385.25 The trade setup is what i call and pass through edge trade. Yesterday in I period of the profile we broke down forming new value in the market with a value high of 1381.25 and a value low of 1377.25 with the POC at 1379.25. Market opened below value, traded up, but traded straight through the value area low, the poc and hit resistence at the value area high, traded back down to the POC being 1379.25, which was bought. That people is my pass through setup, which i have found to be an extremely strong setup when they happen. Also the added benefit is, when you trade a retest of a POC and it fails, the POC faliure tends to set up and pass through setup, meaning you claim back your loss from the failed retest, plus the profits of the trade. As for the exit of 1385.25 - The value area was 4 handels. 1381.25 plus 4 handels = 1385.25 - It's a measured move. Total profit for the trade - +6 pts on ES For some reason it won't let me share my charts, so i'll post a screen shot when i get time. Back to ungrateful clients for me

1374 - as in long of the premarket rotations - nice trade.

i'm calling it a day with 4 ES points in the bag. Got stopped out on my first trade for -2pts, then traded back 6pts. Totally kicking myself tho, because i made a right hash of today. :crap: 4 ES pts still better than nothing i guess.

Messing with that scalp caused me to take my eye of the ball. Made a school boy error and missed my main trade :doh: See in the the chart below the value area that i marked out at the top of AB period (initial balance). We traded away from it, and came back to retest in i D period for a nice trade, but i was messing about with a scalp for 2pts

stopped out at 81 on a trail for + 2

Also scalp long from 1379.00, sorry i forgot to post. Chart attached.

Yeah it was a scalp with the potential for a follow through to the downside. I've marked out the entry and the exit on the following graph. 1378.00 was the measured move of the value area traded off To answer your question if the trade had potential at all. Remeber what the overall picture in this market is, and where the value areas are. In the following i've drawn in the market levels. Look at how the market is reacting at these points, and how it plays to the market structure and capital flow.

exit 1380 for +4pts

short 1384 will post chart

stopped. Will wait for the initial balance to form now to launch my next trade off.

No i didn't take 76.50 because we pretty much opened there. Don't really like it when that happens. When the market opens right at the price i want, i'll look for the first level of support or resistence (VAH/L) / (volume) respectively.

ES short 1378.50 stop 1380.50

Also worthy of a note is that from the high on 19/5 the cti2's have shorted 4-5 lots on the street

Also forget to mention that the daily profile for friday was a B structure. For those not familiar with market profile, or this concept - a B structure indicates long covering in the market and a P structure indicates short covering in the market. All in all, more reasons to short this market.

Alright guys, here's my game plan for today. On friday the market rejected the 1385.75 - 1390. Clearly no one wanted to buy up here and selling was initiated. The selling carried on through the initial balance and the market rotated forming new value in the 1374.75 - 1379.25 area on the daily profile. Going into today (27th) If we open below this value area then i'll be looking to get short on a retest with my entry price being 1376.50, and i'll be looking to exit 1369 area of the market. Failing a retest i'll be watching the day unfold as new value areas to trade of are formed on various time frames. Post will be made as in when. Cheers Kev.

Profit target reached. +14 handels profit for the day.

First level of support as we traded down into 1424.75. Text book trade.

Sorry, it's a day late... ended up going to a bbq straight after trading. Monday was a pretty easy trading day, with various trades on various time frames. The first trade that you should of been looking for was the trade from the previous days poc. The 5/9 formed a good area of value on the daily profile. On monday the inital balance opened higher and we traded back down into support (5/9 poc) which was 1388.00. See screen shot below. The exit target for this trade was 1403. Why 1403? well it was a key sysmetric profile trade. Range of previous day was 10 handles, and the high was 1393. Add the two together and you get 1403. Profit was a clean 15 handels. Like i said in the previous post, to be successful at using the profile you must sit and watch the day unfold and look for the developing value areas. So if you missed the first trade, all you had to do was wait for new value to be formed. Buying was initiated in c period with a rotation back down into the high of the inital balance in D period, thus giving a small area of value to trade off. The poc of the value being 1395, which was bought during E period. This was trade number two. See profile below I'd give you the third trade but see if you can find it yourself. Post the banter you come up with and i'll have a look later.

Depends if there is value there. Some days you might find value on 30mins, some days it might on 2 and half hours and so on. You've got to watch keep on watching the market throughout the day, looking for value to be formed and for the market to trade away from it. The key is to have sound fundementals of auction theory and the profile. This will give you flexability, which in turn will make you a better trader. There's no set rule that you can only trade on one time frame. Thats the beauty of market profile, the fact that it lets you watch the market as a whole. I'll post the trades for today when i'm finished.

Just thought i'd share some of my trades on ES to help people new to mp, or wishing to learn more. First of all, on the large time frame, i'm long on this market overall, from a market merge on the 29th where the market cooked off. Buying was initiated on the 5/1 moving the market higher away from previous value. This day (5/1) closed with the a P structure which indicated long term short covering in the market. Overall we knew we wanted to get long on this morning on a retest of previous value. On the 5/6 this happend with price trading down into the POC of the 4/29 merge during the initial balance. I bought my contracts at 1397.75. Market made a high that day at 1422.25 I've scaled some over my contracts out of the market, but overall i'm looking for for the 1430 area. The profile for this trade can be seen here Today (5/7) i've added profits to my overall long posistion from my scalps on the lower time frame. Yesterday, when the market found value at the top of of the buying tail that was initiated, two over all areas were created to provide levels to trade todaty. The first area was during F to J period (see chart) POC 1415 - this level offered a good scalp in the over night session during european market hours, and has given good support for a long trade in B period (the initial balance). Exit point for this trade was 1419, which was the poc of the second value area created yesterday between K and N period. 1419 was the first area of resistence above us and was a short location. Still currently in this trade. In my opinion MP is the most powerful tool you'll use. I hope my trades here have shed some light onto some of the mysteries of mp that face people new to it. I hope you have a good day trading. Regards 86834

Anyone trade mini gold, if so what session times are you using? Many thanks