International markets traders banter

[Modest]

 

[kid hustlr]

any thoughts on the attached?

am i understanding market profile correctly?

 

[kid hustlr]

Maybe I should simplify the question - is it common for the VPOC to get tested?

 

[kid hustlr]

Also if someone could explain to me why the FTSE melted up just before the roll ended that would also be appreciated

 

[cynic]

Also if someone could explain to me why the FTSE melted up just before the roll ended that would also be appreciated

Tis Friday and moreso, third of its kin upon the month. Thy seers, with their orbs of crystal wrought, beseech thee tread warily lest one be smitten by unseemly happenings so portended.

 

[CanOz]

Maybe I should simplify the question - is it common for the VPOC to get tested?

Yeah, they get tested all the time....they're one of those levels that the market seems to trade to allot. You need to put the profiles into some time frame though, either one profile for each day, or a profile for a lengthy period or time to catch the most recent bracket or range. This will help develop context and allow you to see where the auction is considering 'value'.

 

[kid hustlr]

Yeah, they get tested all the time....they're one of those levels that the market seems to trade to allot. You need to put the profiles into some time frame though, either one profile for each day, or a profile for a lengthy period or time to catch the most recent bracket or range. This will help develop context and allow you to see where the auction is considering 'value'.

Thanks mate - this is my understanding I mean I've always worked off the concepts that high volume areas are tested but in my limited Market Profile reading on the web it doesn't come up much.

I'm not sure I'm going to use it extensively, it may just assist me with my pre-market framing. I think using the higher volume areas on the histogram will let me better define support + resistance areas rather than lines on a chart.

Last night for example I got it completely wrong. My view was if price fell back into that 5935 area range below a couple of highs from the past week that it would likely be a sell/range day. In actuality we got almost a perfect cash open gap fill and then drive higher.

If I'd looked at MP - I could have seen that anything above the 5915 area was still on the upside of the high volume area, so when we get a gap fill and a huge bullish reversal its actually extremely bullish. It was just 'testing' the high volume.

Obviously a different story if it opened around recent value and just potters around the mean, perhaps slowly grinding up, then I would have been looking more for a bracket type day.

 

[Joules MM1]

this is my understanding ......

view from 38th min onwards .....the video is as valid today as in 2012......repeatable example
https://www.youtube.com/watch?v=P0HSgU8lZVg

ft71

 

[kid hustlr]

Not bad J,

I laughed when he got run over on the DOM.

For me these concepts aren't that different to the VSA thinking. I do like the pre market planning though and as I touched on I think this is a better method of defining levels compared to drawing lines on a chart

 

[Joules MM1]

are we over breakfast, break fluid, rhymes with rex-mex ......





blue arrows = buy to open
orange arrows = sell to open

levels context size

mondays

 

[kid hustlr]

Having a go and holding over the weekend by the looks!

I like the S&P trade, if you were going to have a go at holding anything over the weekend I think that one shaped up quite well.

The question is what SIZE J?

 

[CanOz]

Anyone game to fade the gap open in Europe today?

Remember what TH used to say? Monday Gaps don't hold!

 

[kid hustlr]

Anyone game to fade the gap open in Europe today?

Remember what TH used to say? Monday Gaps don't hold!

He also said when they do hold watch out, although I believe that has more application on the downside.

I have no idea with today - i think the action will be fast however FTSE is going to open some 2% higher than it closed Friday - not exactly a standard gap....

Buy dips (cautiously???)



EDIT: Also my new super duper volume histogram goes out the window given the gap and the contract period.

 

[CanOz]

He also said when they do hold watch out, although I believe that has more application on the downside.

I have no idea with today - i think the action will be fast however FTSE is going to open some 2% higher than it closed Friday - not exactly a standard gap....

Buy dips (cautiously???)



EDIT: Also my new super duper volume histogram goes out the window given the gap and the contract period.

You trading the FTSE or the DAX?

 

[kid hustlr]

You trading the FTSE or the DAX?

You're joking aren't you?

FTSE is plenty a big enough beast for me!

 

[CanOz]

You're joking aren't you?

FTSE is plenty a big enough beast for me!

IG's opening calls....

 

[kid hustlr]

Do they price off the index or the futs though?

Either way I have ftse Sep trading 6116 (actually sliding off as I type).

I've got several possible trade ideas today but it might end up being a no trade day for me.

 

[CanOz]

Over 5 years of data on this long term composite....

 

[cynic]

Do they price off the index or the futs though?

Either way I have ftse Sep trading 6116 (actually sliding off as I type).

I've got several possible trade ideas today but it might end up being a no trade day for me.

Generally, fair value adjustments are removed from forward/futures prices to calculate the cash price.

Outside of futures market hours, some providers quote a greymarket for their products.

 

[Joules MM1]

Anyone game to fade the gap open in Europe today?

it's an "interesting" idea, or, i could do this instead: :bonk: