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Hi Golablue, The way I think about swing highs/lows vs cycle highs/lows is as follows. Pick a timeframe such as a daily chart and identify all of the swing highs/lows. Now consider a higher timeframe such as a weekly chart and identify the swing highs/lows on that chart. If you impose the...

Trade strategies based on sound principles such as Market Profile and Auction Market Theory do continue to work because they adapt to the changing markets (i.e., it’s the way markets work). In general, most traders start and end with trade setups and never learn how the markets work, who the...

Create an indicator in Tradestation using the following code. This indicator allows the dynamic line color and style to be changed. Hope this helps. // Start Code Inputs: LineColor(Yellow), LineStyle(3); // 1 = Solid, 2 = Dashed, 3 = Dotted, 4 = Dashed2, 5 = Dashed3 Variables...

emini, Keep an eye on the market because we are in a trading range, as you said, and these are the conditions that are great for traders. The breakout provides one of the best trading opportunities as Dalton states in "Mind over Markets" (i.e., going from balance to imbalance).

emini, Thanks for your prior response. I understand what you were trying to do. In your last post, did you mean that probably the low is in place? It looks like the market is trying to breakout, looking at market internals. The Ticks hit 1000+ and breadth is trending up (Trin is flat...

emini, FWIW, I have similar VAH, POC, and VAL values for the ES. An observation... Your trading plan for tomorrow seems inflexible to me. It appears that you're going to force a short trade regardless what the market does. In your trading plan for tomorrow, have you determined what...

eminitrader007, When I generate a Volume Profile for the ES from 2/2 to 3/3, I get the same high volume areas as you do. However, I would suggest to keep in mind the current market structure. The ES has been bracketing from 2/17 to 3/3 between 1300 and 1280. During an auction rotation like...

esemini, Oops, I just noticed you wanted an automatic way of doing it.

Nice spreadheet Baby Gorilla! esemini, Here is how I export data from Tradestation: 1. In Tradestation, create a 1 min chart window with the Volume indicator 2. Select View --> Data Window from the Tradestation menu 3. In the Data Window, click on "show all" 4. In the Data...

Bolter, what hours would you use to create MP and VP for the CME Currencies? What do you consider the IB to be for currencies? Thanks.

Are you using stops with this strategy? If I interpret the performance data correctly, it looks like your Maximum Adverse Excursion (i.e., the Drawdown column in the Trades List tab) is high. For example, one trade goes against you by $8660 to make a profit of $1840. In another case, the...

There is an educational video at the CBOT website entitled "Market Profile - Trading Strategies & Applications". It seems very relevant to the strategy discussed in this thread. Thought some might find it helpful. Not sure if it has been mentioned already. Here's the link...

To gauge the strength of a trend using price action alone, I look at the size of the swings. If the last upswing is greater than the previous upswing then the uptrend is healthy and momentum is increasing. If you were using a momentum oscillator, this would show up as the oscillator making new...

Thanks again Bolter. I understand what you're saying about having a bias and then using S/R from MP to buy pullbacks or sell rallies. I re-read some of your posts which helped. Omni, thanks for your suggestion. I will look into it.

Hi Bolter, Enjoying your journal immensely! Very impressed with the quality of this thread. When you have time, could you check my understanding of the strategy described thus far? Given UVA, POC, and LVA... - If the market opens below LVA, the play would be to short at LVA and place...

Hopefully the screenshot gets attached this time.

This is an excellent journal with some great questions from all! One of the most beneficial journals on ET in my opinion. I use Tradestation and it allows you to create a crude MP and VP chart using the "Price Distribution" and "Volume Distibution" analysis techniques under "Activity Bar"...

That's great Buy1Sell2, but not because of the MACD histogram. You're either using intuition, something else, or anticipating what MACD will do, which could lead to whipsaws.

Using the MACD histogram or the MACD fast and slow lines give you the same information, really. Regardless how you look at it, it highlights MA crossovers, divergences, momentum highs/lows, etc. It is a matter of preference. I used to use MACD as a histogram, because that is the way I first...

cnms2, thanks for your reponse. MACD can and is used by many as a momentum indicator, here is an excerpt from stockcharts.com describing MACD: "...MACD uses moving averages, which are lagging indicators, to include some trend-following characteristics. These lagging indicators are turned...