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FuturesTrader's Journal - Trading ES with Market Profile


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FuturesTrader's Journal - Trading ES with Market Profile

  #31 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

We are seeing ON Inventory adjustment. Yday high 07.75 is support (I am looking at 08.75-07.75 zone)

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  #32 (permalink)
 NewKid 
Boulder, CO
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 29 since Oct 2014
Thanks Given: 35
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do you typically look for the O/N inventory adjustment trade?

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  #33 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176



NewKid View Post
do you typically look for the O/N inventory adjustment trade?

Only if some reference like Overnight High or Low was tested and failed.

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  #34 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

NYSE volume at 9:00 CST was lower than yesterday. Yesterday's POC was 11 wide. Lack of volume can cause the price to pullback to POC. We have multiple untested wide POC's which create a exponential effect.

However - the value is higher and Gap rules are still in play. I am waiting patiently till a trade sets up.

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  #35 (permalink)
 NewKid 
Boulder, CO
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 29 since Oct 2014
Thanks Given: 35
Thanks Received: 33

weak buyers coming it at A period low? is your style to take the breakout of the A period to the downside for example?

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  #36 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


NewKid View Post
weak buyers coming it at A period low? is your style to take the breakout of the A period to the downside for example?

The buyers at A period low are indeed week, however poor low is only one data point. Poor low can also be formed when market gets too short. Imagine if you are a seller and you see there is no follow through at A low - what will you do now?

When we have multiple poor lows it becomes more interesting and I look for a trade to repair the poor low.

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  #37 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176

Es has 3 period balance. Trade is to go with the break in either direction

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  #38 (permalink)
 
CobblersAwls's Avatar
 CobblersAwls 
London, United Kingdom
 
Experience: Intermediate
Platform: N/A
Broker: Bloomberg
Trading: Energies
Posts: 310 since Jul 2014
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Just another view. Using the MP-ETH we can see price stalled at a prior virgin POC. Interesting as it keeps us within a higher time frame balance. I feel we could test the lower boundaries of VA if the DPOC doesn't hold.


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  #39 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


CobblersAwls View Post
Just another view. Using the MP-ETH we can see price stalled at a prior virgin POC. Interesting as it keeps us within a higher time frame balance. I feel we could test the lower boundaries of VA if the DPOC doesn't hold.

I don't use profile on 24hr chart

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  #40 (permalink)
 futurestrader 
Houston, TX
 
Experience: Intermediate
Platform: MarketDelta
Trading: ES
Posts: 215 since Oct 2010
Thanks Given: 79
Thanks Received: 176


Long 14.50 after poor high was formed in E period. Leaning on open. Odds of this working are just so-so give the balance conditions

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