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jperl

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    TradersLaboratory.com
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    Rochester,NY
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    daytrading

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    futures
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    20
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    home built
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    IB

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  1. I would stand aside and wait until the switch occurs. Then decide what to do about a trade.
  2. Hello Jerry

     

    A quick question; For your purposes, is a volume profile POC (VPOC) a close approximation or possible substitute for the PVP?

    Thanks

  3. For what it's worth, fair coin tosses should follow a binomial distribution. Stock prices do not. So any system based on some fixed random distribution, binomial or otherwise will ultimately fail. As far as guessing 1000 winning trades in a row, it's 1/2^1000. Even getting 10 winning trades in a row is pretty small, approx 1 in 1000. Enjoy the entertainment.
  4. Unfortunately guys/gals 10 coin flips is not going to tell you much. You need something like 1000 flips to get any realistic statistical data.
  5. I believe in TOS, you can only start VWAP from the opening bell, daily, weekly or monthly. What you see in my charts is based on software I wrote. However Ensign offers them as part of their study list. I use 2 minute charts, but there is nothing sacred about the time interval, you can use longer or shorter intervals
  6. The answer to your question is no. When you plot volume for every bar, the single bar with the largest volume is not the PVP. To obtain the PVP you have to sum all the volumes for each price and find the price with the largest sum. This sum could be from a price with lots of small volumes occurring many times and may not be anywhere near the price bar with the largest volume.
  7. Hi Jerry,

     

    I wanted to thank you personally for your series of videos. It certainly has helped me think about how markets develop. I have just started working through my own testing of the "Newbie" and "S1" trades, but my initial trading on a simulator have been excellent. Thanks again -

  8. Get yourself a copy of SWF opener here: http://www.browsertools.net/
  9. For those of you with full time jobs that want to trade the Iron Condor, check out 7minutetrader.com. They do weekly spreads on the S&P 500 Index (SPX). For a $50/month they will tell you the weekly setup for a credit spread reward/risk ranging from 6% to 14%/week. I use them for my non daytrading portfolio.
  10. learning market provile,and I been doing volume way,,,thanks in advance

  11. Yes, I'm still here answering the same questions over and over and over....
  12. Yes of course, you may use any defined HUP's you like, but don't mix apples with oranges. Be consistent. Use the same HUP's from day to day.
  13. Hi Jerry,

     

    I wasn't sure if you were checking the older threads. I posted a couple questions I was hoping you could answer. Thanks

  14. I don't think I ever discussed trade reversal in the Market Statistics threads, but in any event the "clues" as you call it are places on the chart where if you are say presently long you should be short and vice versa. However this involves very careful trade management prior to your initial entry. You should be asking yourself several questions prior to the long entry. For example, a)what is my risk tolerance on this trade? b)If I have to reverse this trade, where would it be? c)would I still be within my risk tolerance if I reverse this trade with increase in size? If you can't answer these questions, then don't take the initial trade. This has been discussed on these threads before but I don't recall where. It's called a two boob day. There are some who believe that when price touches the second boob, it will bounce back to the first boob. My preference would be to trade between VWAPs rather than boobs, but this can get complicated and you will have to find your own way through the maze.
  15. Your best bet instead of PMing me is to post your strategy in the appropriate thread here at TradersLaboratory. Don't be shy. People here are very helpful and you will get lots of feedback.
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