|
PureBytes Links
Trading Reference Links
|
For those that want to "experiment" with market profile it can also be done
manually quite simply with 1/4 inch graph paper.
As howard indicated O can be used to mark the open of the first hour (or
half hour, my choice of a time frame), then the letter A for the rest of
the hour (or first half hour), B for the second hours range (second half
hour), C for the third hour (or third half hour), ect. Looking at Howards
chart I believe he is also using half hour increments?
I found it quite good at recognizing sideways days vs trending, FWI (nice
even parabolic distribition sets up), similar to the first day that Howard
shows on his attachment.
I have used it for bonds effectively and it has helped as mentioned above,
to identify non-trending days (using 1/2 hour increments), giving you a feel
for the day as well as areas of support and resistance (or value) from past
trading days.
----- Original Message -----
From: "Howard Hopkins" <hehohop@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 29, 2001 11:29 PM
Subject: Re: [RT] Fri aftn-Market Profile.
> I'm no expert on this stuff. I day trade the spoos and look where the
open
> in the pit session is relative to the previous days value and relative to
> the previous days range. Two of Dalton's main points is that the purpose
of
> any market is to facilate trade and prices are searching out areas of high
> volume or the value area.
>
> The other point that he made was about market participants with different
> timeframe perspectives. Within the value area you have a lot of short term
> traders buying support and selling resistance once you break out side of
the
> value area then longer term traders are responsible for price direction
> until you start forming a new value area i.e. short term trading range.
>
> Another thing he point out is the first hour range. If the range is very
> narrow in the first hour look for range expansion and if the first hour's
> range is very wide look for an inside day. The analogy he uses is that of
a
> pyramid vs the shape of the daily market profile. If the base of a
pyramid
> or triangle is narrow than it is less stable than a pyramid with a wide
base
> or foundation.
>
> I've attached last week SP Profile for the full size contract. The black
> vertical line represents the first hours range, the O is the open, and the
> small red triangle is the close.
>
> I don't know if anything I've said helps at all but MP does help give me a
> feel for the market and has help me understand price movement better.
>
> Good trading,
> Howard
>
>
> >From: Don Thompson <detomps@xxxxxxxxxxx>
> >Reply-To: realtraders@xxxxxxxxxxxxxxx
> >To: realtraders@xxxxxxxxxxxxxxx
> >Subject: Re: [RT] Fri aftn-Market Profile.
> >Date: Sat, 28 Jul 2001 15:55:24 -0400
> >
> >Howard,
> >How long have you studied the Market Profile idea? What salient
references
> >could you direct me to reading
> >I have Dalton's Mind over Markets, anything else? I also heard there
are
> >some article in TASC from the late '80's
> >that discuss it.
> >
> >How much bearing does the previous days Average and Value area play into
a
> >day with more buyers and the converse,
> >How much does Average price of the previous day, and Value areas play
into
> >a
> >day with more sellers?
> >And How do you integrate the last weeks trading into the current day?
> >
> >I know a lot of questions. It seems like MP is a valid concept.
> >
> >Thanks for responding..
> >
> >Don Thompson
> >----- Original Message -----
> >From: "Howard Hopkins" <hehohop@xxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Saturday, July 28, 2001 2:07 PM
> >Subject: Re: [RT] Fri aftn
> >
> >
> > > RT's;
> > >
> > > I think time of day is one of the most critical elements of finding
good
> > > trades in the SPoo's. The liquidity is there in the first hour and
1/2
> >and
> > > ususally the pit starts filling in again around 2 to 2:30 est.
> > >
> > > I used to sit there ALL day watching the market. I felt I MUST put in
a
> > > "full" day. An very successful experienced trader pointed out the
> >problem
> > > with this compulsion... boredom (leading to initiating trades that
> >shouldn't
> > > be taken for the reason of "If I'm sitting here I should be trading")
> > > burnout (reducing concentration levels during times of day when you
> >should
> > > be most focused), and frustration (caused by watching random
> >moves/trends
> > > that you miss but don't fit your trade criteria to begin with).
> > >
> > > I also believe that Market Profile helps in identifying the type of
day
> >from
> > > the opening tick through watching the development of value areas and
> >daily
> > > range.
> > >
> > > Howard
> > >
> > >
> > > >From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> > > >Reply-To: realtraders@xxxxxxxxxxxxxxx
> > > >To: <realtraders@xxxxxxxxxxxxxxx>
> > > >Subject: Re: [RT] Fri aftn
> > > >Date: Fri, 27 Jul 2001 14:21:04 -0500
> > > >
> > > >Thanks Earl
> > > >
> > > >That's a good one, reminds me of when I was learning to fish
> >commercially,
> > > >something I did by buying a fishing boat and discovering all the
> >mistakes
> > > >it's possible to make in the world's oldest profession. It was a
matter
> >of
> > > >years before I discovered the mechanism by which I could drive around
> >and
> > > >avoid the schools of fish. Now that I know what to look for it is
> >easier
> >to
> > > >find them.
> > > >
> > > >I am pretty good at avoiding good trades in the same way; I trust my
> > > >"dogged
> > > >perserverence" will eventually train me to troll into the good ones,
> >which
> > > >phrase was triggered by your barking dog.
> > > >
> > > >
> > > >
> > > >
> > > >----- Original Message -----
> > > >From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > > >To: <realtraders@xxxxxxxxxxxxxxx>
> > > >Sent: Friday, July 27, 2001 14:07
> > > >Subject: Re: [RT] Fri aftn
> > > >
> > > >
> > > > > My comment brought something else to mind which might be worth
> >sharing.
> > > >When
> > > > > I have my data feed running and I'm sitting there watching it, my
> > > >instincts
> > > > > are akin to a beagle ... if something moves it's time to bark and
> >hunt.
> > > >I
> > > > > refer to it in my trading notes as "Barking Dog" syndrome and is
the
> > > >number
> > > > > 1 item in my list of losing habits. I find that aside from self
> >control,
> > > >not
> > > > > watching the market when it's wandering is a good cure.
> > > > >
> > > > > Earl
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > > > > To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > > > > Sent: Friday, July 27, 2001 1:00 PM
> > > > > Subject: Re: [RT] Fri aftn
> > > > >
> > > > >
> > > > > > The trading day was likely over on the failed weak attempt to
> >punch
> > > > > through
> > > > > > overhead resistance and reach 1221. I shut down my feed rather
> >than
> >be
> > > > > > tempted by some false breakout from the chop .... market will
> >still
> >be
> > > > > there
> > > > > > Monday.
> > > > > >
> > > > > > Earl
> > > > > >
> > > > > > ----- Original Message -----
> > > > > > From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> > > > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > > > Sent: Friday, July 27, 2001 12:50 PM
> > > > > > Subject: [RT] Fri aftn
> > > > > >
> > > > > >
> > > > > > > I'm not much of a tape reader, but I am getting the impression
> >that
> > > > > there
> > > > > > > are lots of people wishing the bell would ring right now.
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > To unsubscribe from this group, send an email to:
> > > > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > Your use of Yahoo! Groups is subject to
> > > > > http://docs.yahoo.com/info/terms/
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > To unsubscribe from this group, send an email to:
> > > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > > >
> > > > > >
> > > > > >
> > > > > > Your use of Yahoo! Groups is subject to
> > > >http://docs.yahoo.com/info/terms/
> > > > > >
> > > > > >
> > > > > >
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > >
> > > > >
> > > > >
> > > > > Your use of Yahoo! Groups is subject to
> > > >http://docs.yahoo.com/info/terms/
> > > > >
> > > > >
> > > >
> > >
> > >
> > > _________________________________________________________________
> > > Get your FREE download of MSN Explorer at
> >http://explorer.msn.com/intl.asp
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> >http://docs.yahoo.com/info/terms/
> > >
> > >
> >
>
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Small business owners...
Tell us what you think!
http://us.click.yahoo.com/vO1FAB/txzCAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|