Search results

tickflicker, Affirmative. The emini's are in fact smaller electronic versions of "full-sized" pit traded contracts. So the strict answer to your question is yes. But I'm not sure this is the question you wanted to ask? bolter

HisapTrader, Tough question. I've never tried MP on currencies, I trade these markets using trading models. Becuase of my heavy reliance on actual contract volume I like to stick to electronic markets where intraday volume is available fro my MP work. I guess if you believed tick volume is a...

tickflciker, I'd be happy to. The dashed green bracket on the left of the MP is the IB (Initial Balance), essentially the price range for the first two periods (A&B), or one hour, of trading. The green arrow head is the opening price. The red dashed bracket on the right is the CR (Closing...

tortoise, For constructing my MP's and VP's I only use RTH data. This means I exclude US holidays also. The only time I pay attention to what's happening outside RTH is in the pre-market from about 7:30 am on. This can give you an idea of where value is currently at. The overnight trade is of...

FuturesTrader71, Right you are Master Skywalker.

Here's the recap from Friday's action. ES Chart The pullback I was looking for at the open blew right through my levels, eventually halting at 1286, taking my stop with it. Actually I noticed this level during the previous days trading. When we first hit it the market went nuts...

Hi Master, From memory this was a concept introduced by Dalton. My copy is out on loan at the moment, so I can't confirm that. I'm sure if you post the spreadsheet somebody here will be able to help you out. bolter

Hi Mike805, Nice to meet another MP convert. I'm not familiar with the conept of value area completion. I could hazard a guess but can you explain it for me? Obviously I need to brush up on my MP theory. I hear what you're saying, but the beauty of having a methodolgy that is built upon the...

kashbg, That is exactly correct - they should be essentially the same. There could be a minor difference due to construction (I use 1 minute data, I have no idea what interval they use), but this should be trivial. I think you can see the value in exporting the data and doing the work...

kashbq, Hey thanks for that. No problem - PM me your e-mail address. Here the way to accomplish this. 1. Create an intraday time template, 1 min interval, 1 days data and the exact open/closing time for the market in question. 2. Open an advanced chart. 3. Apply the time template. 4...

bronks, Thanks for your kind words. I'm glad you see the value in this approach. I think for most traders developing this discipline will prove to be nothing short of a revelation. A sort of "road to Damascus" experience. Good luck

I promised to write something on Money Management and Position Sizing. Money Management cannot make a losing system/method profitable. However, money management can keep you in the game long enough to figure out how to become profitable. A losing method and no money management = impending...

I still didn't answer your question. 2 pojnts is the answer. I rarely use a tighter stop than that, becuase if I don't see at least 4 points in the trade I will usually stand aside. I sometimes take less than 4 but that's my minimum target.

Hey ARb, I usually like to find somewhere logical to put the stop, based upon levels or the price action. If that doesn't work I'll use half my target as the initial stop to mainatin a 1:2 risk/reward. And you're absolutely correct I did get pinged on my first trade. I got back in later at the...

My pre-market call is a little early and brief today. Got plans for this evening. Should be back before the open. Levels: ES 1288.50 1288.00 1283.00 YM 11095 11075 11067 AB 731.80 731.40 728.80 We're pointing a little lower on Globex - but we look to be opening above the UVA in all 3...

Updated VP's for YM and ER2, Note change in start dates.

MPxTrader, PM me your e-mail address. I'll send you the Matlab code.

cmaxb, Hah. They told me that 5 years ago when I signed up. After I cancelled about a year later they were still telling me that it would be ready in month. bolter

I'll give myself an A+ and several gold stars for todays call. We got the pullback to support for a perfect entry, and in fact the market gave us a chance to add to the position. Gotta love that. Then we rallied right up to my target - which I mistakenly referred to as a vaccuum in my pre-market...

Master, Thanks. Glad to hear that this is of some use. bolter