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I am using the MP numbers and pivots to confirm only. I use the value-range which is basically MP without the time component. Sometimes they match and sometimes they do not. I do not use charts and no indicators. Just high, low, open and close and where the majority of the daily volume...

I'm not trading my opinions. The reason to take short signals only was based on my observations. The Value-Range has been declining from 3/17 and has been acting as a resistance. You can draw a trendline of the POC and will be able to see the downtrend too. If we get a short signal, I think...

Value-Ranges ES: 1311-1312 ER: 750.2-750.8 NQ: 1681.5-1682 YM: 11346-13352 Market Profile for ES VAH: 1312.25 POC: 1310.75 VAL: 1308.75 Pivot (for ES): 1311 R1: 1315 R2: 1318.25 The long-term resistance for ES is around 1319. If we open higher then 1312, I'll look to sell...

Probability and Statistics for Engineers and Scientists by Walpole, Myers, Myers Although it says engineers and scientists, it is easy to follow.

Taking the long term picture in consideration, I'll be taking short signals only. The risk-reward is not so good to be a long here. For example, today the buy point was 1310.5, although the market closed at 1312 it was down most of the day and it is painful to see the market down when you're...

Point Taken. Thanks.

That was just a joke:D

This is what I have realised after starting this journal. The market is a multi-dimensional puzzle and as soon as I think that I have solved the puzzle, something seems out of place. For example, because of the Value-Ranges and where the price opened this morning I was sure that the market...

Thanks for the link. I will certainly incorporate pivots in the coming days.

Exit: 10.50. No positions.

Maybe I should just fade myself!!!!!

Executed

Buy-limit: 1310.50 or better stop: 1306.5 target: 1319

Then I'll use the current day's open too.

If you look at the long-term chart 1318-1320 should provide some resistance. If we break past 1323, we could be headed much higher. If we get a long signal today, my target will be 1319. For agressive traders it might make sense to short at 1319 with a stop at 1323.

Back to paper-trading for a month: See how it goes. Value Range: ES: 1308-1309 ER: 749-750 NQ: 1685-1687 YM: 13344-13352 Pivots for ES O+H+L = 1308 H+L+C = 1310 I want YM and at least two other indexes to open higher for a long trade and YM and at least two other to open...

This is your second reply in this thread and I neither got the first reply nor this one. What exactly do you mean?

There is something that I noticed after going through the Feb numbers vs. the March numbers. I checked the YM, ER2, NQ and ES. On those days when I had big wins the value-range were positioned perfectly. What I mean by this is that if the value-range for ES is towards the low of the day, the...

Stopped. Back to paper-trading. Pitbull... Thanks for your information, I'll definately take those into considerations. Thanks.

Executed.