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Tks Bob.....
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----- Original Message -----
<DIV
>From:
BobR
To: <A
href=""
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, March 06, 2003 11:59
AM
Subject: Re: [RT] Re: [SM] Heads Up
To answer your question, MP can be used for
different time frames. The concept of value area and point of control is
not restricted to the daily timeframe.
For daytrading:
1. note the relationship of the valow, vahigh,
point of control with respect to the previous day.
2. note the shape of the daily profile bearish
"b", bullish "p", neutral ")".
3. note the relationship and shape of the PM
profile with respect to the AM and Midday profiles.
4. don't use just one tool.
5. read various magazine articles, books, website
sources on market profile:
1. The CBOT has a free 300 pg document available
for download at their website. It is 15meg download so it might be
difficult on a 56k baud line, if you have cable or isdn it wouldn't be a
problem. They have a home study course too. Like other stuff it
can be made more complicated than necessary for day trading.
2. Peter Steidlymayer, creator of MP came out
with a second edition of his book, "Steidlmayer on Markets- Trading with
Market Profile" by Steidlmayer andHawkings, pub is Wiley Books.
3. TASC magazine has had some articles in the
last few years.
4. Go to <A
href="">http://www.tedtick.com and download the free
doc or docs on market profile.
6. <A
href="">http://www.cisco-futures.com has some
free stuff and a home study course.
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----- Original Message -----
<DIV
>From:
Charles Meyer
To: <A
href=""
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, March 06, 2003 9:43
AM
Subject: Re: [RT] Re: [SM] Heads
Up
Bob,Tks for the tips. Is there any way to
use this information for forecastingnext day's marketaction on a
close-to-close basis? Or; is this tool mostly for day-trading?Tks
for any feedback.IOW; how would one know that Thursday (today) was going
to be up or down; orwhat wouldbe the ideal indicator scenerio which
would provide one with a highprobability of knowingthe next day's
market action?chas----- Original Message -----From: BobR
<bobrabcd@xxxxxxxxxxxxx>To: swingmachine-list
<swingmachine@xxxxxxxxxxxxxxx>;<realtraders@xxxxxxxxxxxxxxx>;
<MedianLine@xxxxxxxxxxxxxxx>Sent: Thursday, March 06, 2003 6:36
AMSubject: [RT] Re: [SM] Heads Up> To follow up on
Clyde's post with his Price Distribution tool, here aretwo>
charts using his tool and some commentary on Wednesday's ND, which I
usefor> NQ trading.>> Wed 3/05 later in the
evening...reviewing the daily NDX 135min chart forits> profile
qualities and support resistance on> Wednesday. I use this in
conjunction for trading the NQ. It helps to> know
what other folks are looking at and it helps to know something about>
price movement at different times of the day starting with the Open
with> respect to the previous day. Let's back up a second and
describe this> chart. It has 4 indicators, 1.daily profile in
Cyan color, 2. 135 minute> profiles in blue,red,yellow, 3.
Support/Resistance levels with classic> pivot, 4. EWOsc using Hilbert
Trend inputs. Here is how I saw the action> today. First the
Open was below Tuesday's value area low, that implied> selling and a
retest of the valow. On the retest the ND crossed over the>
valow and the Point Of Control and almost hit the VA High. Theory says
if> price enters the va zone, then there is an 80% chance of hitting
the> opposite side. Testing the previous day's point of control
is a high> probability occurance. Confluence of the VA levels
and other commonlyused> support/resistance levels can produce
lower risk trades. After comingclose> to the va high twice
in the first 135 minute profile(AM) it turned southand> went back
to the lows of the day at the S1 and S2 levels making a higher>
low. Then the valow was tested again as well as the classic
pivot(yellow> line) during the Lunch session. During Lunch the
ND also made it all the> way up to the R1 and R2 levels vefore
dropping back inside the va zone> where it began the PM
profile. Dividing the day into three profiles> captures the
three dominate trading periods each with its differing volume> and
participation chararacteristics. It also helps to have the
previous> day's value levels and pont of control extended into the
current day.> Using the public domain EWOsc or Clyde's Norm_Gap
version and theaccompanyi> ng bands adds to the confluence
probability of the price distributionlevels> providing S/R
. The SP135 had similar action.>> bobr> <A
href="">http://www.oextrader.com/sigma_trader>>
----- Original Message -----> From: "Clyde Lee(SBCY)"
<clydelee@xxxxxxxxxx>> To: "swingmachine-list"
<swingmachine@xxxxxxxxxxxxxxx>> Sent: Wednesday, March 05, 2003
6:15 AM> Subject: [SM] Heads Up>>> > ES
24hour/30 minute with a couple of indicators that have> > been
very reliable.> >> > Clyde> >> > - -
- - - - - - - - - - - - - - - - - - - - - - - - - -> > Clyde
Lee
Chairman/CEO (Home of
SwingMachine)> > SYTECH
Corporation email:
clydelee@xxxxxxxxxxxx> > 7910 Westglen, Suite
105 Office: (713)
783-9540> > Houston, TX
77063
Fax: (713) 783-1092> > Details
at:
www.theswingmachine.com> > - - - - - - - - - - - - - - - - - - -
- - - - - - - - -> >> >> >> >
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