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.

Soultrader

Market Profile Trading Setup

Recommended Posts

Hi Torero,

 

I like to call it "intraday swing trading", since I try to catch the (few) moves that give me a very favourable risk/reward ratio.

 

I just play responsive in congestion and initiating in case of breakout.

 

What about your style ?

 

Ciao,

 

Michele

Share this post


Link to post
Share on other sites

Same as you, I usually take 2-3 trades max per day, that's pretty much what the market offers in terms of intraday trends. What's the best time to trade: morning, near closing?

Share this post


Link to post
Share on other sites

Ant, if I understood well your reply, you put a time limit to the trend (for example, 2 days of balance are to be considered so when considering the volume, but for the VA references you prefer to still look at these singularly - daily - because the "pause days" are not many and it can be considered a retracement). It's an interesting point of view !

"When a market is in a trend and then trades between two high volume nodes, this usually indicates that the trend is transitioning back to balance and a larger balance area might form" --> these are two 3:2:1 of opposite directions that would form a bigger time frame 3:1:3. Always found very fascinating this theory. To me Steidlmayer is a genius !

 

Michele, you got it! One comment though. I tend to compare the size of the balance areas (or nodes) that form in a trend, and as long as they're small compared to the balance area from where the market broke out of, I consider that to be nothing more than a retracement and the trend is still intact. For me, this is the hardest part of trading - determining when the trend is over and the market is transitioning back to balance.

Share this post


Link to post
Share on other sites

Thank you Ant, you just gave us a very good tip !

 

It's the same for me ... it's the most difficult part of trading to decide when to switch from initiating mode to responsive mode ... considering that depending on this, different key reference points have to be taken into consideration.

In fact, I was in error on ES considering the 23th and the 24th as a single unit, and took no trade on the opening when it tested the 24th VA.

 

How James said, it's a very subjective matter.

 

Best regards,

 

Michele

Share this post


Link to post
Share on other sites

Hi Torero,

 

I just find useful for EU futures to look at the first 2-3 half-hours in relation to the previous day VA.

Having observed the market here, you can trade responsively or not, depending upon the market conditions.

 

Yours sincerely,

 

Michele

Share this post


Link to post
Share on other sites
Here is an article written by Michael Jardine (enthios) for Ensign's newsletter, describing how he uses POC & Virgin POC.

 

Great link DeefMan, I read it and decided to have a look at the bond market to see if it would hold up there. The chart is a daily volume histogram based on 15 minute bars. Neoticker (software that produced the chart) uses a yellow bar at the mean of the standard deviation as their POC. My highlights use the max volume bar instead which we all know would be the actual volume based POC. There does seem to be a good correlation for the virgins and S/R points. Since the 1rst of October the correlation hasn't been there though. The market has been surging back and forth in a 3 point range since the middle of September so maybe this indicator breaks down somewhat in range bound and more volatile periods. Not bad though for the first look at this!

5aa70db8d0644_BondvirginPOCreversals.thumb.GIF.b59b4254cb6787062302d1914872c8f9.GIF

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.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

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