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

...so no one here use the RSI , slow stoch, to help show buy/sell signal to lead them into the trade? Just asking.

 

I can only speak for myself but I gave up on those below the chart indicators when I decided to start making money.

Share this post


Link to post
Share on other sites

At the very least, consider an exit that is triggered by the market rather than by your fear or impatience.

 

Or a close below a moving average like the 10 SMA (which is very similar to the trendline idea),

Share this post


Link to post
Share on other sites
Do you have the material on waves?

 

Click here.

 

What the chart shows is that the buying waves are longer than the selling waves. This tells you that buyers are dominant. Until early this morning. At that time, price made a trip to S, at which it rebounded and resumed the uptrend, at least to R. And now the market is ranging again. At some point, traders will look for a new value and we begin again. That's the essence of auction markets.

 

Db

Share this post


Link to post
Share on other sites
None of which was part of your plan. Price will not rocket toward your target without pause. If you freak out every time price pauses, you'll squander a lot of opportunities.

 

At the very least, consider an exit that is triggered by the market rather than by your fear or impatience.

 

For example, a simple demand line:

 

attachment.php?attachmentid=30442&stc=1&d=1344536143

 

Look what I missed!! I could got 1 more point out of that trade and most importantly understand why i exit. Thanks for pointing that out. :doh:

 

Just Tuesday, I did the same exact thing, exiting to early. When I reviewed trade later that night, I drew a similar line just like that where price retrace. After I drew the line, I saw I exit right on the line and then price just continued upwards. Its not a good feeling when missed good opportunities, cause they rarely come. Recorded!

Share this post


Link to post
Share on other sites

My opinion is that this thread works best when it is used to share your real-time analysis of what the market is going to do next. Not what you could have done, should have done, or wished to have done.. nor generally for posting cherry picked past trades.

 

Intraday trading requires maintaining a sense of flow and staying in market centric feedback loops. The analysis, self critic, etc should be saved for post market analysis.

 

By sharing what you are anticipating, what you are looking at, etc then others can do a quick read and may get ideas.

 

I'm going to be busy the next few weeks and plan to cut my posting back. But just trying to share something that may help Just my 2cents.. I think the discussion is good and all but maybe would better for other threads.

Share this post


Link to post
Share on other sites

My bias is to the downside. My read tells me that longer term traders are selling to shorter term traders... However, not a strong conviction just yet

---

 

Not a lot of activity.. LQ's pulling sell orders from book... try to run some more stops. Shorts pulling back to mid 41's.

---

Did you see that? The LQ's pulled out just before the buy program triggered. These patterns aren't always detectable as much as today.

 

That program looks like the last of it... anticipating a run down

Edited by Predictor

Share this post


Link to post
Share on other sites
I can only speak for myself but I gave up on those below the chart indicators when I decided to start making money.

 

hahahhahahahaah Man, that's the best laugh I had all week. That's really funny.

 

It's funny because when I first started trading the ES back in March, I was thinking to myself all these indicators below the chart is confusing (of course I was watching someone else use them live), so I put them to the side and went to back to only buy and selling on S and R. But after some losses, I recently come back to the lower indicator. However, now I realize, back in March, I know why my results were bad. Had nothing to do with S and R, it was all me.

Share this post


Link to post
Share on other sites
I can only speak for myself but I gave up on those below the chart indicators when I decided to start making money.

 

bakrob99, I need another laugh! What about all those head and shoulders, inverted Head and shoulders, evening star, candlestick patterns? Did you let those go too? Just asking.

Share this post


Link to post
Share on other sites
Look what I missed!! I could got 1 more point out of that trade and most importantly understand why i exit. Thanks for pointing that out. :doh:

 

Just Tuesday, I did the same exact thing, exiting to early. When I reviewed trade later that night, I drew a similar line just like that where price retrace. After I drew the line, I saw I exit right on the line and then price just continued upwards. Its not a good feeling when missed good opportunities, cause they rarely come. Recorded!

 

FYI, here's how it worked using S&R, RETs (retracements), and Supply&Demand Lines. The greens are the longs and the red the short.

 

attachment.php?attachmentid=30443&stc=1&d=1344539884

 

Simple, straightforward, and free.

 

Db

0809b.jpg.38db10f870dcfef4a287453ecdca322a.jpg

Share this post


Link to post
Share on other sites
Did you see that? The LQ's pulled out just before the buy program triggered. These patterns aren't always detectable as much as today.

 

That program looks like the last of it... anticipating a run down

 

Yes I saw it P, and I agree with you. I am short here from 00.75. But what does the pulling of liquidity really mean for you as you see it here?

Share this post


Link to post
Share on other sites

One of my interpretations is that often there are large firms that day trade the equities. These firms have significant buying power but typically close by EOD. Longer term traders often trade the futures and use the intraday extremes to establish positions using limit orders. It may be that the day trading robots can't hold overnight due to leverage..

 

As for how they knew the buy program would trigger.. I don't know. I can't always detect patterns in the book but today my interpretation was that the LQ providers were the more primary trader and more easily had influence.. less activity overall.

 

Yes I saw it P, and I agree with you. I am short here from 00.75. But what does the pulling of liquidity really mean for you as you see it here?

Share this post


Link to post
Share on other sites

Well, I exited half at 99.25, and took a BE on the other half. They bought seconds before the close to get their precious token positive day. S&P, up +0.04% ... congrats guys, the sheeple can sleep well tonight.

Share this post


Link to post
Share on other sites

Closed right on the Peak Volume Price (VPOC). NQ has closed for 3 days in a row with the VPOC being within a point of 2718.

 

Getting set for a breakout of this range .... MAYBE tomorrow.

Share this post


Link to post
Share on other sites

will dare to post a trade for the sake of criticism of big felas here :missy:

 

Set-up:

 

- trending down (at least during early hours)

- Hit 200 MA at 5 min chart

- Fibo showing retracement to 1394.64

- Entry: short 1 contract 1397

- PT: 1394.75

- SL: 5 ticks

5aa7112927b16_ES09-12(5Min)10_08_2012.thumb.jpg.76d5100d67fb8e0ea166e5f4880818bc.jpg

Share this post


Link to post
Share on other sites
will dare to post a trade for the sake of criticism of big felas here :missy:

 

Set-up:

 

- trending down (at least during early hours)

- Hit 200 MA at 5 min chart

- Fibo showing retracement to 1394.64

- Entry: short 1 contract 1397

- PT: 1394.75

- SL: 5 ticks

 

Not to criticise too much so i'll only point out one thing. Your target is 2 ticks below yesterday's rth low and 1 tick below the overnight vpoc. Frequently, we see this of pattern where s/r breaks, price reverses back through, then same s/r holds on the retest (kind of h/s pattern although I don't like naming things as such).

Share this post


Link to post
Share on other sites
...As for how they knew the buy program would trigger..

 

 

I once did a week long test with a firm specializing in program trading. The salesman was trying to get me to sign up - and I was telling him that I followed the program trading - but that I didn't see how I could incorporate it into my trading decisions.

 

A little while later - I mentioned that as I was long and th emarket was not going anywhere I said to him - "It would be great to have a program buy hit about now". He said " Just a minute, I"ll be right back" , and then about 15 seconds later a big buy program hit.

 

He came back and said " How was that?". Then I heard some discussion in the background - and he later admitted to me that his boss was angry and told him not to do that again.

 

I said "Look - don't do anything for me that your not supposed to".. but I thought - what in the world is going on here and how does this thing work?

 

It's a murky world - the program trading. For the most part it pushes the market in the same direction I am trading. The ones that bug me are when they hit with a buy program and then follow up with a sell program and you don't know whether to get out or stay in or whatever.

Share this post


Link to post
Share on other sites
will dare to post a trade for the sake of criticism of big felas here :missy:

 

Set-up:

 

- trending down (at least during early hours)

- Hit 200 MA at 5 min chart

- Fibo showing retracement to 1394.64

- Entry: short 1 contract 1397

- PT: 1394.75

- SL: 5 ticks

 

 

I think we're going considerably lower. I'd like to see 1392 get tested and if we get thru the support in that zone we've got 1378.75 zone for later in the day.

 

I am still keeping in mind the historical observation that the market often puts in a low on the Thurs or Friday before OEX week, then rallies into it.

Share this post


Link to post
Share on other sites

Mr Negotiator,

 

Can you tell me when you decide to change your Composite charts - order under what conditions. The last set of CLVN's and CHVN's are starting to make me keep track of them again. My own work generating these profiles using my own developed indicator had mixed results but the values on your recent charts have been very indicative of inflection points that actually work.

 

I understand that you use IRT to generate these babies. Does the program do so automatically?

 

(As an aside I once did a demo of IRT but didn't like the user interface - I may have to revisit it.)

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.