Don is a very nice guy he will answer any questions you may have about MP. His son co-wrote the book "Mind over Markets"
I have trading friends that use his numbers to trade off of.
I purchased back data from Cisco a little more than a year ago that I have used for some...
Do you want one of those little yellow sticky pieces of paper on your monitor?:)
5 day profile levels
10 day profile levels
20 day profile levels
along with low volume levels
read em and weap:p
A ledge is a dreamy sort of trade that comes along once in a great while.
Look at the Gif and you shall see todays profile has 5 tpos at the LOD (a ledge)
It looks like the profile has not filled out on the lower portion AND IT HAS NOT
But don't worry it will either today or tomorrow:cool:
I like this thread but I am one sick freak
Laughter is a great relief for a stressful day of trading
2 points for tampa:D
I prefer your incarnation as John Q Public though.(you sure know how to fan the fire)
Tampa, I consider you the "Champion" of agitating the minds of those who...
I don't trade this but I have noticed in the Emini if you have > 3 to 1 on the cumulative ask over bid(say 2000+ ask over 600- bid) price will move up - exact opposite of a newbie's read of level 2
Could be exploited by a program that read e-mini depth of market
You could be right though...
These are from Qcharts, you can get the same breadth data on the NAZ and AMEX
If you want you can also add them together to create one breadth study
i.e $TICK.NY +$TICK.NQ +$TICK.AM = Super secret trading edge tick indicator:D
"When you know, and you know that you know, then confidence overpowers fear."
Don Jones
If you think, just dont think you are the false image of your self that your mind creates, for that you are not.
These levels are from last contract but they still apply
Trade em, fade em or stick em in your pipe and smoke em
If a bunch of traders entered at a level and made money, don't you think they are going to do it again? - Price has memory and so do profitable traders
Low volume levels...
High and low volume levels act as price magnets that are constantly changing polarity
890 is low volume on the 5 and 10 day charts but high volume on the 20 day chart and a good buy level :cool:
if you are long you want high volume below you supporting your trade and vice versa for...
#1 Entering off of support or resistance(where the big money is there to back you up)
#2 Letting your trade run to the next support/resistance level(controlling your mind, avoiding the noise/1 minute chart)
#3 Exiting at support or resistance when a sell or buy climax is occurring(bailing...
Guys,
remember that Qcharts spreads the total volume between the high and low of the bar, so using the smallest bar/candle(1 minute) will give you the most detailed levels - if you are looking at multiple days it is better to use 15 or 30 min bars and squish them up to get the most accurate...
I have traded in Singapore/Malaysia, France/Italy and the USA(West Coast)
All you need is a good broadband internet connection
Will be moving to Europe next spring for 1 1/2 years, either Italy or Andorra - check out my pre trading stomp for Italy and Andorra...