|
PureBytes Links
Trading Reference Links
|
Don:
Have you tried to do this with a spreadsheet?
Wonder if that is possible.
Bill
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Ewers
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, July 30, 2001 8:36 AM
Subject: Re: [RT] Fri aftn-Market
Profile.
For those that want to "experiment" with market profile it
can also be donemanually quite simply with 1/4 inch graph paper.As
howard indicated O can be used to mark the open of the first hour
(orhalf hour, my choice of a time frame), then the letter A
for the rest ofthe hour (or first half hour), B for the second hours range
(second halfhour), C for the third hour (or third half hour), ect. Looking
at Howardschart I believe he is also using half hour increments?I
found it quite good at recognizing sideways days vs trending, FWI
(niceeven parabolic distribition sets up), similar to the first day that
Howardshows 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 feelfor the day as well as areas of
support and resistance (or value) from pasttrading days.-----
Original Message -----From: "Howard Hopkins"
<hehohop@xxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Sunday, July 29, 2001 11:29
PMSubject: Re: [RT] Fri aftn-Market Profile.> I'm no expert
on this stuff. I day trade the spoos and look where theopen>
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 purposeof> 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 ofthe> 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
ofa> pyramid vs the shape of the daily market profile. If the
base of apyramid> or triangle is narrow than it is less stable than
a pyramid with a widebase> 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 salientreferences> >could you direct me
to reading> >I have Dalton's Mind over Markets, anything
else? I also heard thereare> >some article in TASC from
the late '80's> >that discuss it.> >> >How much
bearing does the previous days Average and Value area play intoa>
>day with more buyers and the converse,> >How much does Average
price of the previous day, and Value areas playinto> >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 findinggood> >
> trades in the SPoo's. The liquidity is there in the first hour
and1/2> >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 ina>
> > "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 ofday> >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 amatter> >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 isthe> > > >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> > > > > <A
href="http://docs.yahoo.com/info/terms/";>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> >
> ><A
href="http://docs.yahoo.com/info/terms/";>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> > > ><A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
> > > >> > > > >> > > >>
> >> > >> > >
_________________________________________________________________> >
> Get your FREE download of MSN Explorer at> ><A
href="http://explorer.msn.com/intl.asp";>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> ><A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
> >> > >> >>>>
_________________________________________________________________> Get
your FREE download of MSN Explorer at <A
href="http://explorer.msn.com/intl.asp";>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 <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>>To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|