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IB Trading Futures: Price + Volume - Page 5

post #81 of 813
Thread Starter 

Euro FX Futures 1hr chart - Weekly Volume Profile Breakdown

and items of interest

 

 

Capture.PNG

 

Remember, the market is based on Supply and Demand. Understand these signs to look for in each. 

post #82 of 813
Thread Starter 

Decent Article on Accumulation, Mark Up, Distribution, Mark Down

Understanding these basic principals is key as a volume profiler. 

http://webcache.googleusercontent.com/search?q=cache:H3ufavFNJw4J:www.investopedia.com/articles/trading/08/stock-cycle-trend-price.asp+distribution+at+highs+price+stocks&cd=3&hl=en&ct=clnk&gl=us&source=www.google.com

 

 

post #83 of 813
Thread Starter 

Wychoff Phases of Accumulation

(Hope some of you got a chance to read his take on VPA)

http://blog.stocktradingnotes.com/2009/05/wyckoff-phases-of-distribution.html

post #84 of 813
Quote:
Originally Posted by IchibomB View Post

ScreenHunter_02 Apr. 06 14.40.gif

 

 


 

Never paid attention to market profile until this pic. Played with it about an hour this morning, trying to figure it out and make some deductions. Will probably read the pdf file once I get some spare time. Another good post Ichi!

post #85 of 813
Thread Starter 

Thank you, B!

 

Here's another chart for reference. 

Also, VSA doesn't utilize market profiles. I
Supply and Demand can be seen in both price volume and time volume. 

This helps me put supply and demand in the crosshairs rather than on the vertical axis only. 

 

Anyone that is trading Forex can utilize the TPO profile as the Volume Profile does not work in the FX Markets.

TPO differs slightly but can give you and good idea where supply and demand is in the market. 

 

I have both shown here in the annotated silver chart. 

 

ScreenHunter_02 Apr. 11 13.21.gif

post #86 of 813
Thread Starter 

I've been teaching my girlfriend my strategy the past few weeks.

Without seeing my Oil play in the stock market today thread, I asked her what she thought of Oil.

 

She gave me a buy at 106.25 earlier this evening. She basically said, 'buy right now!'.

 

She has a target above 108. 

 

She's been 2 for 2 on her calls this week so far. 

My little trader in the making...

post #87 of 813
Thread Starter 

When demand runs out on rising prices, price falls.

When supply runs out on falling prices, price rises. 

 

No demand after 107. This was a nice spot to adjust your target of 108 and take profits from your 106 entry. 

 

ScreenHunter_02 Apr. 13 10.07.gif

 

Prices fell until supply was absent from the market.

Buyers ate it up and pushed price back to the weekly POC.

This happen to be the monthly POC as well. (strong S/R level)

post #88 of 813
Thread Starter 

As you can see it was quite the bounce.

 

I was torn between a profit stop and a trailing stop. 

I was thinking the trailing stop would cut me minimal profit.

Ended up being the other way around. Profit stop was too close...oh well. trial and error.

Up $1.3 on the barrel with the bounce at 105.35

 

ScreenHunter_01 Apr. 13 11.05.gif

 

My 3 favorite profile trades:

 

successful demand test shorts (no demand - price tests an area of low profile volume. if volume rises, stay out, demand is still in the market)

successful supply test longs (no supply)

Weekly/Monthly POC breakouts/breakdowns

 

 

 

post #89 of 813
Thread Starter 

wow, $2 move in Oil today off of the successful no supply test. now trading at 107.225

post #90 of 813



 

Quote:
Originally Posted by IchibomB View Post

wow, $2 move in Oil today off of the successful no supply test. now trading at 107.225



Nice! I have so much to learn, but I feel like I am on the right track. Trading with real money will be entirely different than paper trading. I will have to learn to control my emotions.

 

post #91 of 813
Thread Starter 

Yep, lots of volatility and ways to make money in a mostly range bound day. 

 

Close 107.40

 

Still a nice play, Dani thumbup.gif

post #92 of 813

Anything special about that script or is it just a basic volume at?


 

post #93 of 813
Thread Starter 

nothing special. just price, volume, and volume profiles. 

post #94 of 813

Ichi .... wanna do me a favor and look at the charts for NEP.  I bought in yesterday at 3.17 around 12pm or so .... ended up selling as it was on the way down at 8.20 .... it proceeded to get as low as like 3.08 then found a bounce later in the day.

 

Can you tell me by the chart how you would've approached this VSA-wise.  It went absolutely wild today.  I mean it was below the bottom bollie on the day, but still this thing snapped back like a crazy man.

post #95 of 813
Thread Starter 

That was good entry - right at the Point of Control. 

Lots of accumulation from 3.05 to 3.25

Price did test supply at 3.00 (of course, nice round number, which is what I usually shoot for in entries)

going as low as 2.95. No Supply below 3.00, prices rose. 

 

You can also see a lot of demand on the monthly profile to the right, which price will

want to move back to after the supply test. After support is established, it's POC breakout time. 

 

ScreenHunter_02 Apr. 14 08.13.gif

 

 

 

post #96 of 813
Quote:
Originally Posted by IchibomB View Post

That was decent entry - right at the Point of Control. 

Lots of accumulation from 3.05 to 3.25

Price did test supply at 3.00 (of course, nice round number, which is what I usually shoot for in entries)

going as low as 2.95. No Supply below 3.00, prices rose. 

 

You can also see a lot of demand on the monthly profile to the right, which price will

want to move back to after the supply test. After support is established, it's POC breakout time. 


Wondering if my "day trader" focus is what becomes a problem on some of these.

 

post #97 of 813
Thread Starter 

Well like we've talked about before it definitely helps to see supply/demand with this chart. 

I'm mainly focusing on supply and demand. I'm not using any of the other VSA concepts (upthrusts, effort to rise, effort to fall, etc.)

 

I don't think your focus as a day trader is a problem. 

It's all about the plan and sticking to it. 

We all see areas where we can adjust to make us better traders and that

is part of the strategy we refine in the plan. 

post #98 of 813
Quote:
Originally Posted by IchibomB View Post

Well like we've talked about before it definitely helps to see supply/demand with this chart. 

I'm mainly focusing on supply and demand. I'm not using any of the other VSA concepts (upthrusts, effort to rise, effort to fall, etc.)


I kind of agree.

 

BTW, got a take on TRGL at the moment?

 

post #99 of 813
Thread Starter 

Price is just below the POC which is at 8.18. 

Volume from 8.10 and up looks solid. 

Looks like it tested supply yesterday down to 7.52. 

Low on demand after 8.72. 


I would watch for another supply test. 
If there is no test in supply, it's possibly POC breakout time.

 

post #100 of 813
Thread Starter 

Looks like another supply test coming in for TRGL

 

There's a lot of empty space between 8.10 and 7.80
I wonder if they will push it down to 7.80. 

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