Trading Indices with SD and Market Profile - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Trading Indices with SD and Market Profile
Updated: Views / Replies:5,307 / 26
Created: by doggette Attachments:5

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 5  
 
Thread Tools Search this Thread
 

Trading Indices with SD and Market Profile

  #11 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Master
Platform: MetaTrader, T4, Cqg, Trading Station
Favorite Futures: WTI Crude
 
Posts: 15 since Jul 2014
Thanks: 0 given, 14 received


Bobo View Post
doggette,

The correlations sometime are OK, but I found out during many years around markets that correlations are not very reliable. I use Volume Profile and Footprint and are better than most other tools. You can also take a look at US DOLLAR INDEX, especially if you are trading Forex.
Success.

I use Market Profile for intraday and larger timeframe supply/demand analysis for swing. Of course the markets are not 100% correlated all the time, but by analysing underlying reasons for the moves and then translating that into trading ideas through technical analysis of MP and SD works for me. And has done for almost 7 years now. I have a sizeable account (6 figures) that I traded up from a 4-figure account in the space of about 5 years - once I was confident that I know what I'm doing it all happened reasonably quickly. So these days I have exclusion/inclusion conditions by combining S/D with MP and using macro-economic analysis for some underlying ideas to make sure I'm not going against general monetary policy of the country that pertains to the instrument traded.

For example, by looking at where USDCAD is in terms of reactive supply/demand zones and then comparing where WTI crude oil opens at Nymex in relation to previous days market profile can give you pretty accurate trade locations if you know how to read the clues that MP offers through timeframe transitions - if there is one. Whole last year, crude did a lot of open-drive type Nymex opens with a few open-test-drives with a heavy downward bias while USDCAD went on a mad rally.

So by looking at these correlations from the right point of view, you can find probable trade direction which in turn can give you a clue on what to look for in relation to the Nymex open in crude oil. USDCAD has reached a long term supply and showing signs of rejection. Since I prefer trading crude oil to usdcad as its faster offering more ticks in a day, I will be looking to see if we can get a crude oil Nymex open above value area for a possibility of a long trade. If I dont get that, that's a condition for exclusion of highly probable swing trades. I will then keep to intraday trades until a swing trade opportunity arises.

Reply With Quote
The following user says Thank You to doggette for this post:
 
  #12 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Master
Platform: MetaTrader, T4, Cqg, Trading Station
Favorite Futures: WTI Crude
 
Posts: 15 since Jul 2014
Thanks: 0 given, 14 received

DAX:

In accordance with the general bullishness of this instrument, my trading plan involves longing DAX.

Fridays Value area lies between 11347 (VAL) and 11398 (VAH).

First visible H4 demand where a larger push was made is at 11339. I would expect to see an upward reaction from around VAL and this H4 demand, since they are so close together. It's the first day of the month, there should be some new business positioning this week.

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

Reply With Quote
The following 2 users say Thank You to doggette for this post:
 
  #13 (permalink)
Trading Apprentice
Tampa, FL, USA
 
Futures Experience: Advanced
Platform: NT
Favorite Futures: TF, 6E, CL
 
Posts: 16 since Jul 2013
Thanks: 0 given, 8 received


doggette, I forgot to mention that I also look at overnight activity for the instruments I trade, is giving most of the time useful info.
Good trading.

Reply With Quote
 
  #14 (permalink)
Trading Apprentice
Moscow / Hvz
 
Futures Experience: Intermediate
Platform: OEC, Ninjatrader, CQG Qtrader
Broker/Data: OEC/CQG
Favorite Futures: Weelky options ES / FESX
 
rpik's Avatar
 
Posts: 26 since Sep 2013
Thanks: 576 given, 23 received


doggette View Post
DAX:

In accordance with the general bullishness of this instrument, my trading plan involves longing DAX.

Fridays Value area lies between 11347 (VAL) and 11398 (VAH).

First visible H4 demand where a larger push was made is at 11339. I would expect to see an upward reaction from around VAL and this H4 demand, since they are so close together. It's the first day of the month, there should be some new business positioning this week.

[...]


I think about more significant correction (according weekly TF analysis).

Reply With Quote
 
  #15 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Master
Platform: MetaTrader, T4, Cqg, Trading Station
Favorite Futures: WTI Crude
 
Posts: 15 since Jul 2014
Thanks: 0 given, 14 received


rpik View Post
I think about more significant correction (according weekly TF analysis).

You're going to looking to sell in a bullish market that is supported by fundamentals (upcoming EU QE) and in a market that makes higher highs almost every day? Good luck with that...

Reply With Quote
 
  #16 (permalink)
Trading Apprentice
Moscow / Hvz
 
Futures Experience: Intermediate
Platform: OEC, Ninjatrader, CQG Qtrader
Broker/Data: OEC/CQG
Favorite Futures: Weelky options ES / FESX
 
rpik's Avatar
 
Posts: 26 since Sep 2013
Thanks: 576 given, 23 received


doggette View Post
You're going to looking to sell in a bullish market that is supported by fundamentals (upcoming EU QE) and in a market that makes higher highs almost every day? Good luck with that...

I'm not talking about sales on this very strong market... I talk about waiting for more attractive levels for enter long, may be in FDAX 06-15.

Good trading.

Reply With Quote
 
  #17 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Master
Platform: MetaTrader, T4, Cqg, Trading Station
Favorite Futures: WTI Crude
 
Posts: 15 since Jul 2014
Thanks: 0 given, 14 received


rpik View Post
I'm not talking about sales on this very strong market... I talk about waiting for more attractive levels for enter long, may be in FDAX 06-15.

Good trading.

Ah cool. So you're looking for more of a swing long, rather than intraday?

Reply With Quote
The following user says Thank You to doggette for this post:
 
  #18 (permalink)
Trading Apprentice
Moscow / Hvz
 
Futures Experience: Intermediate
Platform: OEC, Ninjatrader, CQG Qtrader
Broker/Data: OEC/CQG
Favorite Futures: Weelky options ES / FESX
 
rpik's Avatar
 
Posts: 26 since Sep 2013
Thanks: 576 given, 23 received


doggette View Post
Ah cool. So you're looking for more of a swing long, rather than intraday?

I try to hold the position as long as possible with constantly monitoring weekly market structure. I work intraday if market does not allow to work on a longer timeframe. if there are doubts about the strength of the market structure on the weekly chart, I'm prefer to be an observer, trade another market or write some software for analysis.

Thank you for your opinion on DAX, I would like to share with you ideas if it is of interest to you...

Article in attachment is very conceptual... you practice the same opinion?

Trading Indices with SD and Market Profile-59-tpo-versus-volume-profiles.pdf

Good trading.


Last edited by rpik; March 4th, 2015 at 04:59 AM.
Reply With Quote
The following user says Thank You to rpik for this post:
 
  #19 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Master
Platform: MetaTrader, T4, Cqg, Trading Station
Favorite Futures: WTI Crude
 
Posts: 15 since Jul 2014
Thanks: 0 given, 14 received


rpik View Post
I try to hold the position as long as possible with constantly monitoring weekly market structure. I work intraday if market does not allow to work on a longer timeframe. if there are doubts about the strength of the market structure on the weekly chart, I'm prefer to be an observer, trade another market or write some software for analysis.

Thank you for your opinion on DAX, I would like to share with you ideas if it is of interest to you...

Article in attachment is very conceptual... you practice the same opinion?

Attachment 176769

Good trading.

I believe that large moves are created by volume and on larger TFs are very visible as candlestick structures without the need to look at volumes. So I don't really use volume analysis in my trading. I do a combination of intraday trades and shorter swings (2-3 days duration). I do, however use market profile as well as larger timeframe supply/demand analysis which works well to tell me when to exit a swing or even when to enter if I missed the move away from zone of interest initially.

Market profile also allows for some pretty confident fades on intraday, just by looking at the MP structure.

Like today in crude oil, for example - other timeframe participants have extended initial balance on both sides. I also had an area of interest in crude at 51.92 (previous supply on 4-hour chart). So by seeing that today is likely to end as a neutral composite day and the range extension on both sides also means a neutral day, in spite of the 234 tick move, I was pretty confident to fade the move at 51.90 through a limit order. Possible target is 50.60 if we don't run out of time today. Eitherway, I'm taking the fade trade off by electronic close or even sooner if I see that buyers are back in action.

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


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

Reply With Quote
The following 2 users say Thank You to doggette for this post:
 
  #20 (permalink)
Trading Apprentice
Moscow / Hvz
 
Futures Experience: Intermediate
Platform: OEC, Ninjatrader, CQG Qtrader
Broker/Data: OEC/CQG
Favorite Futures: Weelky options ES / FESX
 
rpik's Avatar
 
Posts: 26 since Sep 2013
Thanks: 576 given, 23 received



doggette View Post
I believe that large moves are created by volume and on larger TFs are very visible as candlestick structures without the need to look at volumes. So I don't really use volume analysis in my trading. I do a combination of intraday trades and shorter swings (2-3 days duration). I do, however use market profile as well as larger timeframe supply/demand analysis which works well to tell me when to exit a swing or even when to enter if I missed the move away from zone of interest initially.

Market profile also allows for some pretty confident fades on intraday, just by looking at the MP structure.

Like today in crude oil, for example - other timeframe participants have extended initial balance on both sides. I also had an area of interest in crude at 51.92 (previous supply on 4-hour chart). So by seeing that today is likely to end as a neutral composite day and the range extension on both sides also means a neutral day, in spite of the 234 tick move, I was pretty confident to fade the move at 51.90 through a limit order. Possible target is 50.60 if we don't run out of time today. Eitherway, I'm taking the fade trade off by electronic close or even sooner if I see that buyers are back in action.

[...]

Can't say a lot about crude, I rarely deal with it because of the high diffuse volume zones (troubles to set tight stop). On larger timeframe we can see an massive volume platform at 48,9...49,6. This means high interest of market participants to this zone. The last three days the price holds above this zone. It is possible to upside-surprise, but the next big movement will be determined by positioning zone around 51,8+-. If this market can broke higher, more significant rally can happen.

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


Let me ask you a question about your risk management. What is the size of your stops on crude (or on DAX)?

Good trading.

Reply With Quote

Reply



futures io > > > > Trading Indices with SD and Market Profile

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The MARKET, Indices, ETFs and other stocks Tiberius Stocks and ETFs Trading 105 March 13th, 2015 02:43 PM
PiVVot Trading method - Market Profile mgtrader Trading Reviews and Vendors 19 March 2nd, 2015 01:07 PM
TF journal (Market Profile trading style) scaffrey1 Elite Trading Journals 16 July 21st, 2014 11:19 PM
Day Trading Options using VWAP SD Bands bmtrading9 Options on Futures 4 December 29th, 2013 05:13 PM
Trading with Market Profile ab456 Elite Trading Journals 10 October 28th, 2013 08:26 PM


All times are GMT -4. The time now is 10:59 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.14 seconds with 20 queries on phoenix via your IP 54.90.207.75