Steidlmayer's Market Profile Evolves: Volume Strips - Traders Hideout | futures io social day trading
futures io futures trading


Steidlmayer's Market Profile Evolves: Volume Strips
Updated: Views / Replies:37,050 / 62
Created: by tigertrader Attachments:7

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 don’t 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
 7  
 
Thread Tools Search this Thread
 

Steidlmayer's Market Profile Evolves: Volume Strips

  #51 (permalink)
Elite Member
near Paris, France
 
Futures Experience: Beginner
Platform: -
Favorite Futures: -
 
Nicolas11's Avatar
 
Posts: 1,070 since Aug 2011
Thanks: 2,232 given, 1,729 received

Steidlmayer's "Time Variable Profiles" seem to be implemented in Market Delta: Gold Splits: A New Approach to Today?s Vertical Markets | The MarketDelta Blog

Not yet in Sierra Chart: Time Variable TPO Profile - Sierra Chart

Nicolas

Reply With Quote
The following 4 users say Thank You to Nicolas11 for this post:
 
  #52 (permalink)
Elite Member
near Paris, France
 
Futures Experience: Beginner
Platform: -
Favorite Futures: -
 
Nicolas11's Avatar
 
Posts: 1,070 since Aug 2011
Thanks: 2,232 given, 1,729 received

For futures.io (formerly BMT) members who use Sierra Chart and would like to play around Peter J. Steidmayer's Time Variable Profiles, I have posted in Elite section a study which emulates them :
https://futures.io/elite-circle/28393-sierra-chart-breakout-split-profiles-inspired-steidlmayer.html

Important: I have not reverse-engineered anything proprietary. I have just built something which seems to correspond to the specifications given by Peter J. Steidmayer in his various seminars.

Simply, a new profile begins if the current profile contains at least 12 30-min bars and if the price breaks out of the range of the 9 last bars.

The profile letters are displayed in red if the volume of the corresponding 30-min bar belongs to the 20 highest volume of the 300 previous bars.

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).


Nicolas

Reply With Quote
The following 8 users say Thank You to Nicolas11 for this post:
 
  #53 (permalink)
Elite Member
cologne, europe
 
Futures Experience: Intermediate
Platform: jforex, ninjatrader, t4-trader
Broker/Data: dukascopy, ninjatrader/cqg
Favorite Futures: fairly traded ones
 
CFuture's Avatar
 
Posts: 219 since Mar 2011
Thanks: 315 given, 182 received


Pete Steidlmayer recently did a webinar on traderkingdom:


"Masters of Change": Evolution of Market Profile to Match Today?s Markets - Trader Kingdom

Reply With Quote
The following 8 users say Thank You to CFuture for this post:
 
  #54 (permalink)
Elite Member
Lake wales FL/ USA
 
Futures Experience: Intermediate
Platform: TOS ,Tradestation, Sierra
Favorite Futures: Futures
 
Posts: 32 since Jul 2013
Thanks: 7 given, 2 received

Add this study to sierra charts?

Im new to sierra charts and Im trying to add this custom study you made. Im having trouble with it. Can you walk me through how to implement t to my charts/platform? Thanks!

Reply With Quote
 
  #55 (permalink)
Elite Member
near Paris, France
 
Futures Experience: Beginner
Platform: -
Favorite Futures: -
 
Nicolas11's Avatar
 
Posts: 1,070 since Aug 2011
Thanks: 2,232 given, 1,729 received

Hi @rmiller863 ,

In case that the question is targeted to me, could you kindly ask it in the thread dedicated to the study ( https://futures.io/elite-circle/28393-sierra-chart-breakout-split-profiles-inspired-steidlmayer-2.html ), while explaining what you have done so far?

By doing so, this thread could remain focused on the methodology itself.

Nicolas

Reply With Quote
The following user says Thank You to Nicolas11 for this post:
 
  #56 (permalink)
Trading for Fun
london
 
Futures Experience: None
Platform: various
Favorite Futures: Glockenspiel
 
Posts: 166 since Jan 2012
Thanks: 43 given, 157 received

These Time Variable Profiles.... Is it just me, or is this a similar concept to Point & Figure charts - the way you get rotations and trends?

The 12/9 parameters seem a bit mechanical as well - although I guess they are configurable. Basically, to my thinking, he's looking for a breakout from the last 4.5 hours of trading highs/lows, when the market has been moving in a bracket for 6 hours or more?....

Reply With Quote
 
  #57 (permalink)
Elite Member
Vienna Austria
 
Futures Experience: Advanced
Platform: Ninjatrader with Jigsaw
Favorite Futures: ES
 
Posts: 37 since Sep 2012
Thanks: 14 given, 21 received

Volume Strips

Hi Guys,

I think this a very interesting topic. Did someone more research or trades with this metholodgy?
Are Volume Strips still only aviable on T4?

Would love to start a nice discussion or learn together.

Regards

Reply With Quote
 
  #58 (permalink)
Elite Member
knoxville tennessee usa
 
Futures Experience: Advanced
Platform: nijia trader
Broker/Data: A.M.P. I.Q. ....C.Q.G.
Favorite Futures: ym
 
Posts: 426 since Mar 2012
Thanks: 87 given, 174 received

volume strips

the idea from what i understand is to trade closer to the volume. not the way most of us have been trained ...trading from the edge. most of us are having problems so i would say he is spot own. if you trade from the edge you are taking the risk of price discovery. there is no volume at the edge. so who know where that level will hold. if you trade from a fat point of control on the other hand... price should hold for a little while any way. it gives you time to bail out of your trade with a much smaller loss if things do not go your way... if things do go your way other traders are not going to jump in and take the other side of a strong move out of a fat mode or p.o.c....so your trade should run much faster and longer. cut your losses short and let your winners run... you have heard of this...

Reply With Quote
 
  #59 (permalink)
Trading Apprentice
Vitória, Brazil
 
Futures Experience: Beginner
Platform: MetaTrader
Favorite Futures: Crude Oil, Gold and Currencies.
 
Posts: 1 since Aug 2017
Thanks: 1 given, 1 received


forgiven View Post
the idea from what i understand is to trade closer to the volume. not the way most of us have been trained ...trading from the edge. most of us are having problems so i would say he is spot own. if you trade from the edge you are taking the risk of price discovery. there is no volume at the edge. so who know where that level will hold. if you trade from a fat point of control on the other hand... price should hold for a little while any way. it gives you time to bail out of your trade with a much smaller loss if things do not go your way... if things do go your way other traders are not going to jump in and take the other side of a strong move out of a fat mode or p.o.c....so your trade should run much faster and longer. cut your losses short and let your winners run... you have heard of this...

Sorry for the over one year reply. I think there is still a point missing on the idea apart from what you have said. Trading new orders as put by Peter would mean trading not necessarily in the fat high volume node on the chart but on where the DOM indicates there was a supply of orders waiting bigger than the middle.

The entire thread looks very clarifying though. I'm not sure if there is a continuation of this discussion anywhere else.

Reply With Quote
The following user says Thank You to dalmeida for this post:
 
  #60 (permalink)
Elite Member
knoxville tennessee usa
 
Futures Experience: Advanced
Platform: nijia trader
Broker/Data: A.M.P. I.Q. ....C.Q.G.
Favorite Futures: ym
 
Posts: 426 since Mar 2012
Thanks: 87 given, 174 received



dalmeida View Post
Sorry for the over one year reply. I think there is still a point missing on the idea apart from what you have said. Trading new orders as put by Peter would mean trading not necessarily in the fat high volume node on the chart but on where the DOM indicates there was a supply of orders waiting bigger than the middle.

The entire thread looks very clarifying though. I'm not sure if there is a continuation of this discussion anywhere else.

most of the stuff i reviewed was dated. i have emailed them multi-times. no answer i do not for sure what the hell is going on. i have not read or see any thing recorded that says he uses the limit order book for any thing. that does not mean ....he does not . i just have not seen it. were it.... you will not find any thing any where i looked.

Reply With Quote

Reply



futures io > > > Steidlmayer's Market Profile Evolves: Volume Strips

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
Intraday market profile Zsolt NinjaTrader 17 May 21st, 2017 03:33 AM
My Experiments with Market Profile! vroomy Elite Trading Journals 44 June 4th, 2011 12:15 PM
market profile? jrs659 Traders Hideout 6 September 24th, 2010 09:45 PM
Market Profile info PandaWarrior NinjaTrader 3 April 15th, 2010 02:18 PM
Market profile without volume dimkdimk NinjaTrader Programming 4 February 8th, 2010 09:59 PM


All times are GMT -4. The time now is 03:28 AM.

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 2017-12-16 in 0.07 seconds with 19 queries on phoenix via your IP 54.196.201.241