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EURUSD 6E Euro
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EURUSD 6E Euro

  #1161 (permalink)
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Eric j View Post
I wouldnt hold anything short over the weekend (too late now anyway) . Weekly has plenty of room up to that trendline around 3400 . Im only looking to hit singles and doubles , just get on base and take it from there .

Hey Eric, good to see you around mate. Hope things are well with you.

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  #1162 (permalink)
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Big Mike View Post
Here is the profile chart:


Hey Mike, is the volume data from a spot feed or futures? How reliable do you find Market Profile analysis in the Euro?

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  #1163 (permalink)
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Traderji View Post
Hey Mike, is the volume data from a spot feed or futures? How reliable do you find Market Profile analysis in the Euro?

IQFeed (futures, 6E). I don't use traditional Market Profile (TPO charts) but instead Volume Profile, which has similar concepts (Value Areas, POC). So just the Volume by Price analysis.

I find it very helpful for planning the day's areas of interest.

Mike

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  #1164 (permalink)
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3200 double topped . I see a demand area at 3150 , maybe bounce it back up a little . FOMC on wednesday so could be a lot waiting on the sidelines .

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  #1165 (permalink)
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I am buyer 13132 ...ADR 82 ...13214-82= 13132. Target 13172...Stop 13107.

Sorry, no chart,but is obvious from days high/low.

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  #1166 (permalink)
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I came across a nice method of visualizing trends and pullbacks, which is used by @rcabri. He uses a set of four plain MACDs in different timeframes. The larger MACDs can be used to visualize the trend, while the smaller ones are used for timing the entries.

The chart below has a 15-min MACD, a 30-min MACD, a 60-min MACD and a 120-min MACD overlaid on price. I have normalized the MACD to oscillate between a lower threshold of -100 and an upper threshold of +100, otherwise the values would not be comparable. The normalization is not strict, as for the RSI or Stochastics, but rather flexible as for the CCI, that is higher values than +100 or lower values than -100 are allowed.

Currently all four MACDs have crossed the signal line from above indicating a strong downtrend of the EURUSD. Since 9:00 PM EST the four normalized MACDs show an ideal order (this concept can only be used after normalization). The pullbacks of the 15-min MACD could be used to locate trade entries during the early morning.

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  #1167 (permalink)
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Fat Tails View Post
I came across a nice method of visualizing trends and pullbacks, which is used by @rcabri. He uses a set of four plain MACDs in different timeframes. The larger MACDs can be used to visualize the trend, while the smaller ones are used for timing the entries.

The chart below has a 15-min MACD, a 30-min MACD, a 60-min MACD and a 120-min MACD overlaid on price. I have normalized the MACD to oscillate between a lower threshold of -100 and an upper threshold of +100, otherwise the values would not be comparable. The normalization is not strict, as for the RSI or Stochastics, but rather flexible as for the CCI, that is higher values than +100 or lower values than -100 are allowed.

Currently all four MACDs have crossed the signal line from above indicating a strong downtrend of the EURUSD. Since 9:00 PM EST the four normalized MACDs show an ideal order (this concept can only be used after normalization). The pullbacks of the 15-min MACD could be used to locate trade entries during the early morning.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Can you point us in the direction of rcabri's post or... have you created this for us, for download somewhere? Looks very interesting, indeed. Thanks, as always.

After all, it's what you learn AFTER you know it all, that counts!
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  #1168 (permalink)
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Family Trader View Post
I am buyer 13132 ...ADR 82 ...13214-82= 13132. Target 13172...Stop 13107.

Sorry, no chart,but is obvious from days high/low.


stop adjusted to B/E +5= 13237

should be 13137


Last edited by Family Trader; April 23rd, 2012 at 10:53 AM. Reason: typo
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  #1169 (permalink)
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TheWizard View Post
Can you point us in the direction of rcabri's post or... have you created this for us, for download somewhere? Looks very interesting, indeed. Thanks, as always.

I have been coding this for @rcabri, he has not yet posted his method, but I have published the chart with his permission.

You can easily produce that chart as follows:

Open a 15-min chart, then add 30-min, 60-min and 120-min bar series to panel 1 of that chart. Set all the added bar series to transparent. Then apply default MACD indicators to all four bar series, make sure that you display all of them on panel one in overlay mode. Then select appropriate colors.

The result will be a similar chart as shown above, except that the MACDs are not normalized. If you want to normalize them, you would need to modify the formula for the MACD by multiplying all DataSeries values with 100 and dividing them by an average true range. Then you will get the accurate picture based on the normalized MACD.

The chart that I have posted is just a workaround and uses an indicator, which calls another multi-timeframe indicator, on which I am currently working. This is only for comfort, the same result can obtained by applying MACDs in overlay mode to the four bar series.

Here is a 5 min chart of $EURUSD.

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  #1170 (permalink)
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Attached Thumbnails
EURUSD 6E Euro-6e-06-12-60-min-4232012_2012-04-23_13-21-59.png   EURUSD 6E Euro-6e-06-12-10-min-4232012_2012-04-23_13-20-52.png   EURUSD 6E Euro-6e-06-12-3-min-4232012_2012-04-23_13-22-55.png   EURUSD 6E Euro-6e-06-12-3-min-4232012_2012-04-23_13-23-41.png  
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