CanOz's intermittent and sporadic trades

[CanOz]

Snagged a Dax trade to cap off my evening (week)....I should have held this one, it could be a great trade.

 

[CanOz]

If I'd not had to work today, I would have held that sucker to the top of the value area, which is exactly where it was going and where it ended up.

 

[CanOz]

Snagged a Dax trade to cap off my evening (week)....I should have held this one, it could be a great trade.View attachment 71299

Interesting to note that no one has asked about the losing trade i had before i flipped here. Thats the great thing about not being married to a bias and having a position in the market, you pay attention. I was just after a quick flush, a run of stops. After i saw how strong it got bought back, i exited and watched the DOM. Once i realized it had gone well bid, i looked at the ES 06-17 and saw Modest's level holding and reversing, so i got long. I was quite confident that was the bottom and the ES was calling the shots.

 

[CanOz]

https://chatwithtraders.com/ep-126-jonathan-hf_trader/
I love how he uses volume profile and he's big on context.

 

[Modest]

https://chatwithtraders.com/ep-126-jonathan-hf_trader/
I love how he uses volume profile and he's big on context.

I stopped listening awhile ago because the of the quality of guests deteriorated but gave this a listen and this was a great interview.

@ the 46:33 mark he shares the secret sauce

"At the end of the day what moves price?"
.....transactions

 

[Quant]

https://chatwithtraders.com/ep-126-jonathan-hf_trader/
I love how he uses volume profile and he's big on context.

He has some good ideas but I think he is a bit lazy , he mentions discretionary trades over lunch in ES , if he had quantified these periods and had a way to measure/filter there is zero need to be discretionary , Also you CANT do statistical analysis on it , its only relevant if you take/measure EVERY signal . I see quite a few flaws in how he goes about it tbh




Also as far as

"" @ the 46:33 mark he shares the secret sauce

"At the end of the day what moves price?"
.....transactions ""

absolutely nothing secret about supply/demand so not sure what the point is here


Nevertheless a worthwhile podcast to listen to

PS I like volume profile but it accentuates volume at price and doesn't really represent volume at time , I feel both are useful for systems . Ironically Canoz prior to this podcast I was actually thinking of doing a bit of work with both horizontal and vertical volumes marked on charts , this has just reinforced the desire to do so ... so many ideas so little time

 

[CanOz]

Long the yen again....

 

[kid hustlr]

I stopped listening awhile ago because the of the quality of guests deteriorated but gave this a listen and this was a great interview.

@ the 46:33 mark he shares the secret sauce

"At the end of the day what moves price?"
.....transactions

my thoughts exactly on the podcast, feels a little more salelsy and as such I only listen to the ones which appear to be of interest to me in the blurb

 

[kid hustlr]

Can - there are a lot of lines/indicators on your chart at times. Any interest in going into some detail about what they represent/how you use them (doesn't need to be a long speel, but might help some newer traders)

 

[CanOz]

Well, what a let down, i forgot to switch accounts.....i'm still on Sim101

Another distraction. My play shows up and i arm the platform but don't change the account....very frustrating.

 

[CanOz]

Can - there are a lot of lines/indicators on your chart at times. Any interest in going into some detail about what they represent/how you use them (doesn't need to be a long speel, but might help some newer traders)

I just use a Volume Weighted Average Price channel, mainly for context but once in a trade i use it to manage the trailing stop, if i havea runner. The other lines are just extended from the prior days profile, initial balance highs, value area high, point of control etc. On the composite proifle the lines represent the various value zones by high volume nodes and low volume nodes. I work on the principle that once into a value area price will test at least the high volume node and possible the other side of value.

 

[CanOz]

Spewing.....

 

[CanOz]

Had a nice trade on copper and was up nicely for the day, then i was scalping around the DAX and suffered a 4 second lag in order routing, likely from my recent crappy internet....that it for me until i figure this out.

 

[CanOz]

Just logged my best single trade, i think my best single day ever. Playing the swing back to the top of the range after i missed the low in the DAX...bought 2 @ 12605.00 as it just pulled back to the POC, stop at 586. then went to put my son to bed.

 

[CanOz]

Looks like i beat last Thursday by 75 bucks...

 

[ThingyMajiggy]

Dax to the rescue!

 

[CanOz]

Looks like we ended up rotating back, even the NQ. Risk off into the weekend....

 

[CanOz]

The Dax has rejected the value area high and with our monthly profile complete we'll be looking for a low risk selling opportunity going into the first of the month. Dax daily chart and monthly profile.

 

[CanOz]

Waited for this Dax trade for a while. I took a quick stab around the open with no success, so when i saw this failure at the highs i took 1 contract short and held it as long as i could. Then i got long as the shorts got flushed out, took me a couple of trys...through the ADP report as well.

 

[CanOz]

My last 100 trades.