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Trading Indices with SD and Market Profile
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Trading Indices with SD and Market Profile

  #1 (permalink)
Trading Apprentice
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Trading Indices with SD and Market Profile

I regularly trade S&P500, German DAX and Nasdaq along with fx pairs, especially those that can correlate with equities and give lots of movement, such as gbpjpy and eurjpy.

I use Supply/Demand and Market Profile Value Areas to do so.

Anyone else with a similar trading style who's up for bouncing ideas?

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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
Moscow / Hvz
 
Futures Experience: Intermediate
Platform: OEC, Ninjatrader, CQG Qtrader
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doggette View Post
I regularly trade S&P500, German DAX and Nasdaq along with fx pairs, especially those that can correlate with equities and give lots of movement, such as gbpjpy and eurjpy.

I use Supply/Demand and Market Profile Value Areas to do so.

Anyone else with a similar trading style who's up for bouncing ideas?

I actively use the market profile in my work... Mainly working with FESX, ES, ZB. What would you like to know and in what way? Can be summarized as the essence of your method?

Good trading!

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  #4 (permalink)
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rpik View Post
I actively use the market profile in my work... Mainly working with FESX, ES, ZB. What would you like to know and in what way? Can be summarized as the essence of your method?

Good trading!

You trade eurostoxx I find it really slow

I mostly want to bounce ideas, such as: DAX today opened inside value, and what followed was a slow day with no good trade opportunities as expected.

On the other hand, ES opened above value but with an open auction so again, no conviction in either direction.

I would like to hear from people who use MP for longer term swings - 2 weeks trades duration and how that's working for them. Because I only use it for intraday sentiment once I've located my supply/demand areas.

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  #5 (permalink)
Trading Apprentice
Moscow / Hvz
 
Futures Experience: Intermediate
Platform: OEC, Ninjatrader, CQG Qtrader
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doggette View Post
You trade eurostoxx I find it really slow

I mostly want to bounce ideas, such as: DAX today opened inside value, and what followed was a slow day with no good trade opportunities as expected.

On the other hand, ES opened above value but with an open auction so again, no conviction in either direction.

I would like to hear from people who use MP for longer term swings - 2 weeks trades duration and how that's working for them. Because I only use it for intraday sentiment once I've located my supply/demand areas.

Eurostoxx is slower than ES, but in my opinion it is more accurately responds to volume-based levels. In my long-term (contract-level) trading strategy I go hierarchically from a weekly timeframe to 15-min timeframe. My simplified trading algo:

1. Detecting priority (long/short)
2. Detecting reference points - statistically significant compact volume zones for each timeframe
3. Analyze current price action relative volume zones
4. Prediction intraday price levels of decision-making according (1)

For example, my M15 chart with key volume zones:

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Would be interested to learn about your methods.

Good trading.

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  #6 (permalink)
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rpik View Post
Eurostoxx is slower than ES, but in my opinion it is more accurately responds to volume-based levels. In my long-term (contract-level) trading strategy I go hierarchically from a weekly timeframe to 15-min timeframe. My simplified trading algo...


Interesting. I use a similar methodology to reach a trade location.

1. I determine long-term primary trend from either a Monthly or Weekly chart
2. By looking at a Daily I locate consolidation zones followed by large moves
3. I do a market profile analysis on the day for intraday sentiment in relation to previous days profile
4. Trade previous rally/sell off zones in the direction of primary trend by using H4 and M30 combo, using MP as a guide for timeframe transitions.

This technique works well for me on everything I trade, forex, equities and commodities.
Although I must admit that volume isn't a huge part of my method. I look at it on counter-trend days to see if there are signs of it increasing, but other than that, I rarely use it.

You know they say every trader is different, but I really think that there's a unified methodology for those of us who have managed to make this into a real business.

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  #7 (permalink)
Trading Apprentice
Moscow / Hvz
 
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Platform: OEC, Ninjatrader, CQG Qtrader
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doggette View Post
Interesting. I use a similar methodology to reach a trade location.

1. I determine long-term primary trend from either a Monthly or Weekly chart
2. By looking at a Daily I locate consolidation zones followed by large moves
3. I do a market profile analysis on the day for intraday sentiment in relation to previous days profile
4. Trade previous rally/sell off zones in the direction of primary trend by using H4 and M30 combo, using MP as a guide for timeframe transitions.

This technique works well for me on everything I trade, forex, equities and commodities.
Although I must admit that volume isn't a huge part of my method. I look at it on counter-trend days to see if there are signs of it increasing, but other than that, I rarely use it.

You know they say every trader is different, but I really think that there's a unified methodology for those of us who have managed to make this into a real business.

Thank you very much for the information about your trading style. I usually don't trade currency futures (6J sometimes). Can you give an example of your decision-making process (any instrument)?

Here is the continuation of the my morning picture: as often happens, FESX reacts to the volume level very gracefully (-2 ticks lower).

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  #8 (permalink)
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rpik View Post
Thank you very much for the information about your trading style. I usually don't trade currency futures (6J sometimes). Can you give an example of your decision-making process (any instrument)?

One of my strongest setups is as follows: an overlap of a previous sell-off or rally zone and previous days value area.
If you look at USDJPY picture, it's reached a supply zone from a 3 days ago and the value is overlapping. So now, I'm looking to get a Wall Street open below VAL in order to validate the setup.

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  #9 (permalink)
Trading Apprentice
Moscow / Hvz
 
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doggette View Post
One of my strongest setups is as follows: an overlap of a previous sell-off or rally zone and previous days value area.
If you look at USDJPY picture, it's reached a supply zone from a 3 days ago and the value is overlapping. So now, I'm looking to get a Wall Street open below VAL in order to validate the setup.

[...]

Thank you! Your arguments seems similar. Look at the picture - perhaps you will find something useful in a similar section of the chart. This is 6J 03-15 contract (need to upend your chart). Let's try to find on 60-min chart a long entry with low risk. Let's analyze the development of this auction process.

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Key points:

1. Accumulation of small volume - after that active buyers enters the market (looks like short covering rally)
2. Significant volume accumulation (4x red clusters), positioned by next 60-min bar as buying (short term priority is bying with support around [2])
3. Next accumulation, positioned as buying (again)
4. The key point on this chart - attack on level [2] and re-position [2], [3] and ALL VOLUME 8395-8425 (accumulated within 3 days) as selling volume. This event - a major change...
5. Test broken level, check it status, confirmation.

After [4,5], we have bearish expectations. If we wait for long, we must wait for the change of status level [4] OR construction of a new structure. This has not happened.

I think that these arguments are similar to yours, but the analysis of volume statistics in the clusters allows me use a very tight stops.

Good trading!


Last edited by rpik; March 1st, 2015 at 05:34 AM.
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  #10 (permalink)
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Tampa, FL, USA
 
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doggette View Post
I regularly trade S&P500, German DAX and Nasdaq along with fx pairs, especially those that can correlate with equities and give lots of movement, such as gbpjpy and eurjpy.

I use Supply/Demand and Market Profile Value Areas to do so.

Anyone else with a similar trading style who's up for bouncing ideas?

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.

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