Scalping_My Way with ACV
- Thread starter VSTscalper
- Start date
Not bad for scalping the BID/ASK difference Levels
but needs chart.....IMO
but needs chart.....IMO
Quote from Cazza La Randa:
Not bad for scalping the BID/ASK difference Levels
but needs chart.....IMO
Cazza La Randa,
For me....the Ratio is what is important....not the Difference between Bid and Ask. I want to see....at a Minimum....a 2 to 1 Ratio. As I said before....the 2 to 1 Ratio....is a number that I set for myself....many years ago....and it has worked great for me. Other traders may want to see a larger Ratio....but that is up to them. The purpose of this thread is to make other traders aware of this simple "tool". While the ACV is not perfect....if used correctly....it can really help traders make better decisions.
I agree....probably safer for most traders....to use with charts....especially if going for more than a couple of ticks.
I don't know what Dome you are using....maybe they also have the Ratio. While looking at your Dome....I noticed "164" on the 2nd level of the Bid side. I don't know if prices were going up or down at that point....but based on what I have seen....many times over the years....it looks like some bigger money was trying to put a halt to an Up move. Don't know if it worked or not....as this picture is just a snapshot of price activity.
Good trading to you.
Bill
(in beautiful Seattle)
VSTscalper
VSTScalper,
Since you are working with NINJA for your indicators, may I ask you why Ninja Dom does not have the RATIO?
What they think?
Thanks
Since you are working with NINJA for your indicators, may I ask you why Ninja Dom does not have the RATIO?
What they think?
Thanks
Hi Bill,
Your back, hurrah! Anyway great thread. I re-read it late last night and had a couple of questions. If only I could remember them now. <doh> Only goes to show burning the midnight oil can be counter productive.
On the subject of why this "works" I thing there is a fundamental reason. Before I get to that I do believe in the whole supply demand / price vs volume thing - but - I think there is another fundamental 'truth' about how markets move.
Essentialy I think markets move towards orders/liquidity rather than away from them. This is particularly noticeable on smaller time frames (intraday). I had (until recently) only concidered invisible orders, ones that dont show on the book e.g. stops. It seems to me that the market constantly tries to seek these out with tests and prods. Simply put the market wants to gobble up orders. It seems that at the micro time frame it does the same for visible (limit) orders too perhaps?
The implications of this are imo profound e.g. S/R (which are areas where we might expect to find supply and/or demand) dont repel price they attract price.
Cheers,
Nick.
Your back, hurrah! Anyway great thread. I re-read it late last night and had a couple of questions. If only I could remember them now. <doh> Only goes to show burning the midnight oil can be counter productive.
On the subject of why this "works" I thing there is a fundamental reason. Before I get to that I do believe in the whole supply demand / price vs volume thing - but - I think there is another fundamental 'truth' about how markets move.
Essentialy I think markets move towards orders/liquidity rather than away from them. This is particularly noticeable on smaller time frames (intraday). I had (until recently) only concidered invisible orders, ones that dont show on the book e.g. stops. It seems to me that the market constantly tries to seek these out with tests and prods. Simply put the market wants to gobble up orders. It seems that at the micro time frame it does the same for visible (limit) orders too perhaps?
The implications of this are imo profound e.g. S/R (which are areas where we might expect to find supply and/or demand) dont repel price they attract price.
Cheers,
Nick.
Yes you are right, and the exact reason why I ONLY use market profile levels for my s/r considerations. There is at times very large "banks" of resting orders at these levels (inventory to go and grab). Some of these orders are position cover orders from the breakout of the MP level (B/E stops) and some are profit taking orders looking for price to move to the MP level (the best area to take profit in case the MP level holds).
I used to watch the two main MP lines and it was clear that lots of others did too, cant remember what the instrument was, probably ES.
You've got me to thinking. I rekon if you looked at these + floor pivots and the fibs from yesterdays range you would have a handful of lines that would all be good for a no brainer scalp.
I watche the accumulated volume on the DAX yesterday and it seemed t flit about a bit, I couldnt really get a handle on it. I switched to ER later and that was pretty intresting. Like to compare and contrast some trend action.
Cheers,
Nick.
You've got me to thinking. I rekon if you looked at these + floor pivots and the fibs from yesterdays range you would have a handful of lines that would all be good for a no brainer scalp.
I watche the accumulated volume on the DAX yesterday and it seemed t flit about a bit, I couldnt really get a handle on it. I switched to ER later and that was pretty intresting. Like to compare and contrast some trend action.
Cheers,
Nick.
Which two main lines are you referring to? The Value Area High and Low?
Thanks.
Sandy