If you are talking percentages I can believe that. If we are talking total profits in $, I am sure the banksters and hedgies are blowing the remainder of the "market" away. With much less risk I might add.
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ES Journal - 2012
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If you are talking percentages I can believe that. If we are talking total profits in $, I am sure the banksters and hedgies are blowing the remainder of the "market" away. With much less risk I might add.
Quote from Lespaulr0cker:
If you are talking percentages I can believe that. If we are talking total profits in $, I am sure the banksters and hedgies are blowing the remainder of the "market" away. With much less risk I might add.
Eh... no. A few hedge funds did ok but as a group they did poorly when benchmarked to SPX. Big money isnt always right.
Thanks for the explanation. Every time try to counter trade lately, I breakeven or take a hit since retracement are very are small. My problem is that I add too quick. Can give me an example of how you add to a trade? Thanks.Quote from ammo:
it does it just stops/slows at major tops .reduce and reenter to raise avg and stay at or under .max position size, and max $ loss for stop
Quote from tortoise:
Beautiful chart (what's your software, btw?), but is it really "acceptance"? A probe on lower volume, perhaps?
Having said that, I would not want to predict that the market is not going higher from here...
Software is Investor R/T --
I'm glad you opened this up tortoise -- from a day to day perspective, I think we'd have to say that the market is accepting higher prices, else it wouldn't be moving up (not meaning that it goes up every day, but looking at the trend of price movement from blocks of days).
But from the perspective of the calendar year so far, this very well could be viewed as a probe upwards. If you view the market as an auction (which not everyone does by the way), then the purpose of price movement is to find buyers by auctioning lower, and sellers by auctioning higher. On the year so far, 1308 is the most traded price. With this in mind, we are moving further and further away from a "fair" price of 1308 and seeking sellers higher.
Then again, if you profile the SPX for the last 7 or 8 years, you'll see that 1270 or so is the price area where the most time has been spent (time here not volume as it's SPX).
All of this is based on the premise, which you may or may not accept, that the price that trades the most, or the price where the most time is spent (using an interval like 15 minutes or 30 minutes), is in fact the price that is considered the most "fair" to the market. Many people thing this is an illogical concept, while others find it very useful. Others would consider the VWAP to be a more accurate measure of a fair value.
I'm not saying that people agree on the future DIRECTION of price at that point, but rather, that they accept it as a price at which they are willing to transact business. In other words, a higher VPOC does not mean that the market will continue to move higher from there, but it does mean that the market has accepted that higher price as a price of interest; an equal number of contracts traded (will say "traders" by proxy though of course it's not 1:1) are each betting that it will go in opposite directions.
Let me know what you think about this.
here is a tl s/ r for simplicity's sake, i use market profile s/r and trendline s/r in eur/usd and trans also as they all work together.. might add that picking tops/bottoms is nearly impossible,if u get one it's luck,but picking areas for turns is not hard,just not exact, thats why in my experience its better to partial in ,you often are able to improve your avg price while it chops in that area,this also gives room for error as you need to use wider stopsQuote from ActiveTrader07:
Thanks for the explanation. Every time try to counter trade lately, I breakeven or take a hit since retracement are very are small. My problem is that I add too quick. Can give me an example of how you add to a trade? Thanks.
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