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professor_frink said:
Trade It,

I don't think Frank's Market Dynamics system has anything in common with Market Profile. I think it has alot more to do with pivots than MP.
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Never said it did frink.

Only said MP is used in Intraday and ATM for the daily weekly trend which suits me much more.

Thats why Franks methods has a slight advantage over MP, I think i remember seeing him use it on smaller time frames as well.

I was looking at MP & Wave as advanced systems to trade with then I found ATM (market dynamics).
 
Trade_It said:
Never said it did frink.

Only said MP is used in Intraday and ATM for the daily weekly trend which suits me much more.

Thats why Franks methods has a slight advantage over MP, I think i remember seeing him use it on smaller time frames as well.

I was looking at MP & Wave as advanced systems to trade with then I found ATM (market dynamics).
Click to expand...

Oh ok, I misread your earlier post:eek:
 
Quick update, gapped upwards again, broke away in the first 15m of trading. If it encounters resistance, then goes flat with some volume pushing down, going to get on board short. SS:

 
Ok, momentum is slowing, price is going a little bit flat on lower volume. The TICK is still above zero, so people aren't selling yet, but its slowing and returning towards the 0 value of a balance in bought/sold shares. If that starts to go negative, along with my other indicators, that signals to me an ideal spot to go short.

Here's where I wait and really stalk it. Anything could happen, but I'm looking for flatness with lower volume for some time, then a big push in volume (and hopefully an attack on the TICK and some other index's). Then I short, wait and see.



 
bearish harmonics showing across 15min, 30min, 1hr & 4hr SPX and upwards from 5min on Dow

short Dow & Dax
 
Looking very bullish. Volume is high and there's been some wars. Price has broken out slightly, but its still being held back. If it can break out of this little zone again, it looks like the day will be a trending one, which means going long might be the play. Note I'm going to wait for the trend to show itself first before I trade it. I'm looking for a short if nothing comes of this and the bears start getting behind, but if it breaks out, I'll wait for a nice retracement then buy in myself.
 
aye tis that! closed me shorts, slink to the back with glum face waiting for another opp... :)
 
Exhaustion in the bulls, for now. Maybe a late day charge is in order, but at the moment, I'm looking to go short.



I'm now stalking the trade on the 1m, waiting for a big kick of volume to come through. Its going kind of flattish, but thats good for us. Everyones going to regroup, the institutions will decide there ain't no pushing up through 13700 in the short term, and the intermediate/long term holders won't see his as a great spot to buy in, so there will be little support. Once it hits the value zone, short coverings begin, slowing the momentum, I cover before this though. Then some bulls hit it, and we close as a bracketed day.

Lets see how close I am.
 
Here we go, short at 13660. Good spot, volume is solid enough for me, broken away from the small value zone developed today. The TICK is an excellent entry system too, look at how its going bearish and struck through the 0 mark. Now to hold and watch.



 
Also, stop loss 20 points higher. Should suit the volatility today, give it room to move. I can cut it short below that, of course. Profit target, no idea, but I've set one for 60, I'll surely move that in though.
 
Exited at 13673, 13 pt loser. Still semi happy with the trade, probably should have waited a little longer for confirmation the bulls were in trouble. I probably didn't time my entry properly, although I think my fundamental idea was ok, the volume wasn't really there so I could have just waited.

Good day so far, hopefully more to come. Looks like price may be sticking to the newly created value zone; which is what I like to trade.
 
Seems to be in a bracketed day. Best way to trade this is to fade any break out unless its on a really really large volume move (fading, as in, betting the opposite way on any sign of weakness). Graph:



If the price moves outside this value zone in any way, and the volume is uninspiring, short/long it on moving back towards the POC (point of control). Today the poc is at 13669, thus far.

I'll post back for a wrap up tomorrow morning.
 
this is where the Dax left off - sitting on resistance around low of wave i of 3 down, so kept my short running

daxwave1150607tv3.gif
 
nizar said:
Uncle Festivus.

October crash?
Then what -- start of a bear market or sideways market?
For how long?

In your opinion.
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All just speculation on my part based on some fundamental research, and historical precedents. My speculation that the Dow etc will have one last hurrah phase is due to my perverse logic that because the Fed will be reluctant to raise rates, despite their rhetoric that inflation is their priority, this will be enough to give the bobble-head bulls one more chance.

What will really set the scene for the last blow-off phase will be a disastrous GDP figure requiring the Fed to lower rates, & as we all know that will be good for companies, so the market will rise? Until it dawns on them the economy is stuffed, then a big sell-off.

Then again, I could be just talkin' through my hat again :D.
 
I cant complain at all about my Long on the dow!

but some storm clouds on the oil front are making me a little more unsure about the distance this short term trend could move due to the posible rise of the OIL price.

Oil is in a bullish continuation pattern but yet to be confirmed. If confirmed It has the possibility to rise to 75$ with major resistance at 80$

**but Oil is yet to confirm, what I am seeing with the latest news on supply and the pattern makes me a little nervous as the US is already thinking about inflation, Crude rising could add the the case of higher rates**

what r your opinions on the effect to share markets if crude rises to $75-$80
 

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Trade_It said:
what r your opinions on the effect to share markets if crude rises to $75-$80
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Hi Ti,
Nice chart. I think it's obvious it wont be good for the world economy; just one more domino in place?
Breakout in price mid summer, filter through to markets by October, GDP affected. All lining up now.

James DiGeorgia, editor of the Gold and Energy Advisor newsletter, expects prices to spike this summer up to $3.50 a gallon, or even over $4 if bad storms cut down on the production and delivery of oil from the Gulf of Mexico, as happened during the 2005 hurricane season, when 35 per cent of the US refining capacity was shut down.
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Market stayed very flat after the initial move upwards. Lower volume to finish the day. All that stalking and the market didn't do anything. I suppose we needed a quiet day. I'll re-eval and have a look at the market again.
 

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