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xxxskier, Congratulations - you're off to a great start. Winning on a tough day should make you feel good - I'll best most traders gave money back yesterday. Since you are new to futures trading (I will assume you have experince trading stocks) I advise you to proceed slowly, stick with...

Decidely uneventful trading today on the ES with the market "rotating" or "bracketing" around 1268 all day. We only ventured outside the VA once, around 2:00pm. Actually this probe lower was reasonably important because we retetsted Friday's low, which held, and this brought some buyers into...

Thanks PT - you too! I'm GMT+8 so it's 10:55pm. Time that most normal people are in bed snuggling with the wife - preferrably you're own.

Good weekend? Excellent! I always like Monday mornings - starting with a clean slate and the week ahead harbours all sorts of wonderful possibilties. Here's my levels for today: ES UVA=1269.50 POC=1268.25 LVA=1265.50 YM UVA=10840 POC=10815 LVA=10805 ER2 UVA=728.60 POC=726.20...

Updated Volume Profile Charts below. I changed the start date for the accumulation period on the ES and YM to 1/12, but left the ER2 @ 1/1. I notice alot of people use fixed periods on volume profiles - say 5 days or 20 days, whatever. I don't see much sense in that approach. I prefer to use...

And I respect your right to disagree K-Rock. Thanks for your input.

Believe it nor not Ripley MP is not a trading system per se. It is a methdology for understanding the auction market process. Steidlmeyers' bible on the subject doesn't mention specific trading strategies at all. Just wanted to make that clear. The way you have stated it is NOT how I apply...

PT, Excellent point - I didn't make this clear in my post. TICK divergences are very useful in identifying short term momentum swings. MM is my favourite aspect of trading, and I've invested heavily in terms of effort over the years to study this discipline. Trading ultimately is a game of...

Just one last thought on TICK extreme levels .... In "They"s thread he had an ingenious method for dynamically determining his TICK levels by overlaying a volume profile on the TICK and using the LVA and HVA levels (although I suspect he might have used 2 Std Devs and not 1). Nobody seemed to...

PaperTrader, For a guy with 5 posts to his credit you sure ask excellent questions. Good work - this is exactly what I had in mind with thread. I knew this question would bite me at some point. Alot of people who's opinion I value, including floor traders, tell me that pivots do work. Fine...

Now slacker on to your second question... When I learnt MP (way back when) real-time MP software wasn't available. Also after you've been doing it awhile you can build a mental MP just by looking at a chart. Having said that I am testing the eSignal MP add-on at the moment and I am quite...

slacker, Ok, let's examine the theory (or my distant memory thereof) first. MP is predicated on examing relative levels of "activity" at discrete price intervals. Bearing in mind that Steidlmeyer conceieved MP specifically for futures and it was back in the early 80's, when Warren Zevon was...

PaperTrader, I'm on medication for a flu bug I picked from my 5 yo and one of them is a little speedy. Anyway, I gotta song for you: http://www.oldielyrics.com/lyrics/warren_zevon/ill_sleep_when_im_dead.html

Papertrader, Ba-da-bing-ba-da-boom! 9 times out of 10 that's the gameplan, with a stop just above the HVA (remebering that I like to work the stop). Before you enter the trade you need to validate the risk:reward (ie: this will compel you to have an plan for exitting the trade before you hit...

RiskArb - Coming from one so august I feel especially complimented. Thank you.

slacker, More excellent questions. I'll tackle them tomorrow. It's late here and I'm feeling somewhat less than chipper. Nighty, night.

PaperTrader, There is a saying in physics that "nature abhors a vaccuum". This is probably true of markets also - at least that's theory. Sepaking of theories here's mine - Volume peaks form support/resistance, whereas volume valleys/troughs/vaccuums (chose one - I like vaccuum) act like...

Thanks Jason. I'll dig out your article. It's hard to find people who really understand the COT data. Cheers

I'm not trading the open today - I have a business dinner. So no trading plan. If I want to trade the afternoon it will have to be Perrier at dinner. Tough call. Anyway here are few things to watch today. Incidentally, these are my levels and will not agree with MP purists. YM POC=10,865...

slacker, Excellent question - you're not living up to your handle. Steidlmeyer and Dalton prescribed calculating a single VA for a days action. However, I find this to be one of the few myopic aspects of the methdology. To me it would seem perfectly natural to have two (or perhaps more) in...