DTB 12/09

ppteam

again, zenfire feed is not correct, several bars went wrong.

1. short stop at bar 2 for scalp
2. it's weird that bad H1 at bar 4 works.
3. limit buy at ema at bar 11, stop out and went short at below the low of bar 14 for 2 points. failed H2
4. I think limit buy at around 1223 is OK.
5. bought close of bar 18 for scalp
6. buy stop at bar 30 for scalp, probably this is the only good setup for the day. trendline breaks and lower low.I should have held some. But there's a chance for double bottom.
7. buy stop at bar 41 for scalp
8. limit buy at ema at bar 49 for scalp
9. buy stop at bar 66 for scalp.
10. limit buy at low of bar 71 at bar 72, for scalp

when bounce up, range market normally tests all the long setups, marked in black lines.

ppteam

回复 1# ppteam

EU morning breakdown failed. Buying at ema was good, it went up a lot more than scalp.

开小差

回复 1# ppteam


   

ppteam

回复 2# ppteam

break down blue line, EU will have a way down to go.

Diffusion

ppteam

回复 3# 开小差

what does MP say about today and tomorrow?

ppteam

lately I got stopped out twice for limit trade on ema.
limit trade at ema normally works very very well on strong trend. So probably we can say gap up doesn't mean strong trend, today turns out to be range day from gap up.

开小差

回复  开小差

what does MP say about today and tomorrow?
ppteam 发表于 2010-12-9 16:24

    well, MP does not say anything about today and tomorrow, it is a volume and price chart, no indicator involved, better for us 文科生，also it says a range day.

ppteam

回复 8# 开小差

good, but I don't understand right now.
You short at high again successfully, good!

开小差

回复  开小差

good, but I don't understand right now.
You short at high again successfully, good ...
ppteam 发表于 2010-12-9 16:32

    i forgot mention that i short nq at 21.99.25 at close yday, and close it in pre-mkt around 2206 for a loss.

wxtrader001

回复 1# ppteam


   Mr Ppteam： I usually cannot see your chart clearly ,can you take some sign on the chart about your entry and flat point ? Thank you .if you donot like ,just do it like before .That is all rigrt.

ppteam

回复 11# wxtrader001

I think it's pretty clear. If you are not clear, post your question pls.

trade28

this is a composite volume profile (another flavor of market profile) of ES daily. the green line is CHVN (composite high volume node) and the red line is CLVN (composite low volume node), they were usually used as support and resistance. you can see from the chart they worked out quite well, specially the CLVN. green line is more like a magnet and market likes to go there and when price get there it will tend to stay there for a while. the red line is kind of rejection, when price get there usually will either be rejected or pass through it quickly. these lines were drown automatically by the software so there are actually more HVN and LVN that can be used as reference points and somethings we need to draw it manually.

i am new to market profile and still learning so don't take my words too serious. this is just for your reference.

trade28

again, zenfire feed is not correct, several bars went wrong.

1. short stop at bar 2 for scalp
2. ...
ppteam 发表于 2010-12-9 16:09

    What is "bad H1" in line #2 and "failed H2" in line #3?
When you scalp, how many tick or point do you expect to get?
T.I.A

ppteam

回复 14# trade28

H1 and H2 are the terms borrowed from Al Brooks' Price Action Bar by Bar book. It's hard to explain, read it.
scalp size in most days is 1 point

trade28

if you are interested in learning Market Profile Jim Dalton, the master of MP, has a free webinar next Tuesday (12/14) afternoon 4:30pm - 5:30pm EST and a repeat on Saturday (12/18) 11:00 AM - 12:00 PM EST.

the webinar topic is "The Importance of the Market Open and the Auction Process"

to register: http://us1.campaign-archive.com/ ... 3&id=5844f18e90

ppteam

回复 16# trade28

thanks!

trade28

if you don't know anything about Market profile, here is a good introduction webinar, it is free from CME group, presented by Daniel Gramza

http://clients.bn24.com/CME/04-7 ... AssetWM&FP=WINM,REAL

ppteam

回复 18# trade28

good.