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nevedan, I don't think there is any value in loking at a day in isolation and trying to draw some conclusions about what it portends. You need to look at it in the context of the preceding action. Very similar to candlesticks. A neutral day afterall is usually a doji of sorts. The west didn't...

Student, UVA, POC and LVA always come from previous days MP - but bear in mind I use volume not TPO's so they will differ from standard MPs. I use multi-day VP's only for identifying S/R and vaccuums. Later

Ooppss - brain spasm. ER2 levels: 716.20 713.80 710.80 Profuse apologies - thanks Covert.

Covert, It's possible I grabbed numbers from the wrong column I guess. Which market are you looking at specifically? b

PaperTrader, I update it daily - because the levels can and do change daily. The trick to constructing a useful VP is figuring out the approriate start date. Don't fall into the trap of always using say a 5 day VP. I wrote some notes on this subject in a previous post. Good luck today.

dcraig, Very nice charts. The good thing about using a fundamental approach is that it works on any market. It just so hapens that the DAX is also a great market to trade. Cheers.

Gotta love Mondays – right? My levels for today: ES 1270.50 1269.50 1261.25 YM 10918 10885 10840 ER2 728.6 727.8 724.0 At this stage we're looking to open a little lower, but we have recovered from the overnight low of 1263.25 on the ES. My previous comments about a lack of interest...

Hey thanks for that Arb. I absolutely agree that Market Delta looks like a really neat piece of kit, and is a natural extension of MP. It's been on my list of things to look into for some time. At the moment I'm evaluating IB front-ends, but Market Delta is next. I'd be really interested...

haub, xxxskier, You guys asked about indicators that I use .... I like to use a bare minimum of indicators, and I keep them very simple. Each one I use serves a very specific purpose and there is no overlap. I've taken the time to learn them inside and out. Are there better indicators out...

Papertrader, Do you keep a journal? I highly recommend this discipline for newbies. It formalises the whole learning-feedback process. Stick with it.

dajester147, That's exactly correct. I export 1 min data from eSignal and then process it in Matlab to generate the MP, volume@price, levels and other stats. I then paste my data into Excel for presentation purposes. I'm happy to provide a copy of the program to anyone who has Matlab. Let me...

Louts 7, Ok, I'll do both this week, and see how that works.

dajester147, Those specific levels you mentioned come from my Volume Profile. If you read the entire thread you should get a better idea. bolter

Ooopsss. One more condition to add to the oversold list, ADX>40.

Papertrader, How do you do on the YM today? You must have had a good day. We bounced of the LVA, sold off to vaccuum level and then traded up to your 10895 level. Perfect!

Thanks guys. The levels worked just great again today. I had my best day since starting the journal. I've been waiting for this sort of action to show you another event that will cause me to change my bias intraday. Today I started with a negative bias, but as we retested the 1256 low I...

I'm sure you guys know this but if we retrace through yesterdays action you need to keep an eye on the levels that were important S/R yesterday, because traders have a memory - that's why S/R works. Worth remembering. b

Morning all. Here's what's running through my tiny little cerebellum at this moment. I've been saying for a few days that I don't really feel like anybody likes this market at the moment, which is troubling. We've just put in what should be an important low on the ES at 1256, with solid...

Somebody asked me a very sensible question earlier (Hi Nina) that perhaps one of you guys might be able to help with. Does anybody has any references that describes the use of Volume Profiles? If so can you post it please. I don't remember seeing it mentioned specifically in Steidlmeyer or...

Here's the bigger picture for the ES. Can anyone spot the typo?