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Howard,
How long have you studied the Market Profile idea? What salient references
could you direct me to reading
I have Dalton's Mind over Markets, anything else? I also heard there are
some article in TASC from the late '80's
that discuss it.
How much bearing does the previous days Average and Value area play into a
day with more buyers and the converse,
How much does Average price of the previous day, and Value areas play into 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 finding good
> trades in the SPoo's. The liquidity is there in the first hour and 1/2
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 in a
> "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 of day
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 a matter
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 is the
> >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:
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> > > > >
> > > > >
> > > > >
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> > > 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
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> > > >
> > > >
> > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> > >
> >
>
>
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