Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

shorted 1407.00 lost 1.25 pts, re-shorted 1407.25.. scale , 1405.00, nxt 1402.75 in front of CLVN 1401.75... nxt 98.50 area...

 

If I see rotation to 1406 area + mid-point might add... :helloooo:

 

 

...press the [RED] button please...

Share this post


Link to post
Share on other sites
shorted 1407.00 lost 1.25 pts, re-shorted 1407.25.. scale , 1405.00, nxt 1402.75 in front of CLVN 1401.75... nxt 98.50 area...

 

If I see rotation to 1406 area + mid-point might add... :helloooo:

 

I am now not so sure about short before long... 3 separate 1-ticks below, trying to break to new lows, and nothing doing... if it gets above 1406 and holds, I'll be a buyer from here.

Share this post


Link to post
Share on other sites

Don't look now, but the overnight low is a to the tick 38.2% retracement of last week's low to the 1420 high... ahh, love those fibonacci traders who brilliantly think that 38.2 and 61.8 actually hold some special meaning in finance! :D

Share this post


Link to post
Share on other sites
Daytrade the emini? Do not do it. It is TOO dangerous. It is a gamble. You could lose money.

 

Then follow your beliefs: Don't Trade It... Right thing for you..

Share this post


Link to post
Share on other sites
Don't look now, but the overnight low is a to the tick 38.2% retracement of last week's low to the 1420 high... ahh, love those fibonacci traders who brilliantly think that 38.2 and 61.8 actually hold some special meaning in finance! :D

 

I use fibbos as point of reference most of the time josh, unless they line up with other things, I don't trade off them. There are some that work well alot of the time. For example, after a decent move, the 78.6% ret holds in ES many times(no stats- maybe we can do some). You don't have to use it and I wouldn't blame you for not. But there are people who can make money using MA's. So it's different strokes you know.

Share this post


Link to post
Share on other sites
Daytrade the emini? Do not do it. It is TOO dangerous. It is a gamble. You could lose money.

 

Haha, I missed this one! To some, trading any product is too dangerous and that's true if you don't know what you are doing(and sometimes even when you do:crap:)

Share this post


Link to post
Share on other sites
bailed just below the low, 03.50

 

Good risk management..I feel like a cork in a tempest today... :helloooo:

 

UPdate: Pulled my stop to B/E 1405.00 since I have poor trade location & we bounced off CLVN 1401.75..glad I scaled in front there... just in case

Share this post


Link to post
Share on other sites
I use fibbos as point of reference most of the time josh, unless they line up with other things, I don't trade off them. There are some that work well alot of the time. For example, after a decent move, the 78.6% ret holds in ES many times(no stats- maybe we can do some). You don't have to use it and I wouldn't blame you for not. But there are people who can make money using MA's. So it's different strokes you know.

 

I use sense of smell... sometimes these trades stink or is it me??? :rofl:

 

N: N: SOme people use Everything but the kitchen sink.. In fact watch for my new trading book: "Trading With Everything Including The Kitchen Sink." :helloooo:

Share this post


Link to post
Share on other sites
Scaled 2/3 @ 1402.50 as prev posted...last scale target 99.00 in front of NVPOC 98.50, CHVN 98.50 & naked close 97.75...that's all I know..:missy:

 

Covered half at 1403. Holding rest for about another 15 minutes before re-evaluating. Shooting for 1400, then plan to get long...

Share this post


Link to post
Share on other sites
I have bought 1402.25, but do not have that "sunshine" feeling yet.

 

1394 looks tempting, doesn't it?

 

94.00 looks like a bit of a reach but ACH but technically it is possible...

 

I personally always look at this as the necessary rotations to fry the weak hands and for the big boys to load up..doesn't mean that is what it is... in a Up Trend, with the power we've seen then the extended target "might" be tougher to get to..like that NVPOC @ 77.00 we were looking for on Friday or whenever.. I try to put these targets in context of the bigger picture but I am blessed with the knowledge that I know I don't know...

 

The clusters of stops to me are the high probability targets and as we go further out the probabilities go down, especially if you consider this a counter-trend rotation, IMHO. :2c:

Share this post


Link to post
Share on other sites
Covered half at 1403. Holding rest for about another 15 minutes before re-evaluating. Shooting for 1400, then plan to get long...

 

I'm sure you have a good reason for picking a level to go long at that level... WOuld you mind sharing Why? Tx

Share this post


Link to post
Share on other sites

1403.75 IBL & current MP lvn is an interesting spot to consider an add or is taken out I am off the short & will stop out B/E on last 1/3... :helloooo:

 

 

15m bar very imp't here.

 

Bailed balance 1401.75..not sure it is over to the downside but we tested key 15m bar so rotation up possible to test IBL... IMHO ..

Edited by roztom

Share this post


Link to post
Share on other sites

Here's some "Market Logic." :confused: Since we failed to make a new low on that test of the low especially against the 15m bar...something I personall like to read...then the path of least resistence is to rotate up for the stops on the interday shorts - weak hands...how far do we rotate? Where would they be sitting? IBL & 1405 -1406.00 IMHO

 

If you look at 15m bars, imho you often can clearly see where the nearby Swing H/L is that most interday stops will be clustered at..that along with the VP is where I look for continuation trades or if violated by more than a few ticks the possibility of a change in Trend.. interday... not that any of this matters - pure conjecture... :missy:

Share this post


Link to post
Share on other sites
I use sense of smell... sometimes these trades stink or is it me??? :rofl:

 

N: N: SOme people use Everything but the kitchen sink.. In fact watch for my new trading book: "Trading With Everything Including The Kitchen Sink." :helloooo:

 

Yeah, absolutely. Trouble is that many things look plausible but it's important to separate those from what's actually useful for your trading.

 

As far as lower targets being possible, well possibly. I think that it did look like they were going to turn it around back through the 1.50's and into IB, but the longer it holds below the more the chance is of a flush. 99, 98.75, 97.75 etc all confluence and then it be a lower target of 94/95 area. A clean swing above the IBL and I'd think we'd be heading for the 10's and tues vpoc (and current high at the very least).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards
  • Topics

  • Posts

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.