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A great trader to learn from.


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A great trader to learn from.

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  #1 (permalink)
arizona
 
Experience: Intermediate
Platform: rolling my own
Trading: ES,CL,GC,6E
 
GoldStandard's Avatar
 
Posts: 211 since Oct 2009
Thanks: 324 given, 189 received

This has been mentioned on this site before but its worth mentioning again. There is a very skilled trader who generously tweets all day long as he trades the ES. I'm learning a lot from him. He's a master of the volume profile.

His ability to predict market moves is pretty amazing.

Here is his twitter page: FuturesTrader71 (FuturesTrader71) on Twitter and here's his blog Simplicity in Trading

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  #3 (permalink)
arizona
 
Experience: Intermediate
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Trading: ES,CL,GC,6E
 
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He just nailed it again. Bought the ES at 107650 , 1.25 points from the low and got out 1 tick off the recent high at 1088.

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  #4 (permalink)
arizona
 
Experience: Intermediate
Platform: rolling my own
Trading: ES,CL,GC,6E
 
GoldStandard's Avatar
 
Posts: 211 since Oct 2009
Thanks: 324 given, 189 received

Here's a chart he posted today showing Low Volume Nodes (red) and High Volume Nodes (green) in the volume profile. Check out how price interacts with the LVNs and HVNs:
ES_F - Composite since hi. Still balanced. Lots of work up above.

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  #5 (permalink)
DFW
 
 
Posts: 3 since Oct 2009
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He is pretty amazing!

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  #6 (permalink)
South Africa & London
 
Experience: None
Platform: Ninjatrader
Trading: Major currency pairs
 
WestBeach's Avatar
 
Posts: 23 since Sep 2009
Thanks: 77 given, 20 received

I was having a look through his website and he is truly a skilled trader. The Auction market approach that he applies appeals to me. I agree that one can assume the market moves randomly and yet still be profitable based mainly on money management but his approach adds an almost scientific structure that I find very appealing. I find myself asking why the market will turn at a certain point or move to a certain level and the auction process seems to answer this.

I would be very interested in discussing his method further if anyone is currently applying it?

WB

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  #7 (permalink)
Southern California
 
Experience: Intermediate
Platform: NinjaTrader
Trading: TF
 
randyjb's Avatar
 
Posts: 70 since Jun 2009
Thanks: 479 given, 32 received

Do we even have an indicator for NT that will show Hi-Node Lo-Node Volume Profile like shown in his chart above?

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  #8 (permalink)
NA
 
Experience: Intermediate
Platform: IRT
 
CDesai13's Avatar
 
Posts: 46 since Jun 2009
Thanks: 29 given, 18 received

I am pretty sure FT71 does it all by hand the night before or in the morning before trading. Check out the videos on his site and he goes through the steps.

I am on NT and use the Price Volume Histogram indicator along with a daily market profile indicator and you can get something similar to what he uses. The Price Volume Histogram can give you a composite market profile to mark up the HVN and LVN and composite POCs. The Daily MPs can be used to show other areas you want to trade, naked POCs, gaps, etc.

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  #9 (permalink)
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
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Posts: 1,517 since Nov 2009
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randyjb View Post
Do we even have an indicator for NT that will show Hi-Node Lo-Node Volume Profile like shown in his chart above?

there is a Market profile indicator on the Ninja forum. I think it is also on futures.io (formerly BMT). Give you the POC, Value areas and you can see high and low volume.

iMarketProfile1_65 - NinjaTrader Support Forum or



david

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  #10 (permalink)
San Jose, Ca
 
Experience: Beginner
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Here is a youtube video of the kid using Market profile and trading AMT (Auction Mareket Theory). He is a pretty bright kid.


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  #11 (permalink)
NA
 
Experience: Intermediate
Platform: IRT
 
CDesai13's Avatar
 
Posts: 46 since Jun 2009
Thanks: 29 given, 18 received

iMarketProfile is great for looking at an individual day's profile. The HVN and LVN are much easier to identify from the composite view generated by combining the profiles of multiple days/weeks/etc which is easily done through the Price Volukme Histogram... JMHO

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  #12 (permalink)
NA
 
Experience: Intermediate
Platform: IRT
 
CDesai13's Avatar
 
Posts: 46 since Jun 2009
Thanks: 29 given, 18 received

Here is an example of what I was trying to say... Check out the composite profile (Red and Gray) vs the daily profiles (Green) and look at where price was reacting and rotating. This was a 5min chart of CL from 8am to 2:30pm. I extended the normal pit hours which are 10am to 2:30pm as a personal preference.

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  #13 (permalink)
Dallas,tx
 
Experience: Advanced
Platform: Market Delta
Broker: Velocity /TT
Trading: ES
 
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Posts: 430 since Aug 2009
Thanks: 216 given, 490 received

hey CDesai13,

thanks for the great post

can you please share this template

Thanks

ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
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  #14 (permalink)
NA
 
Experience: Intermediate
Platform: IRT
 
CDesai13's Avatar
 
Posts: 46 since Jun 2009
Thanks: 29 given, 18 received

Ben,

I'm pretty sure that the Paint Bar Indi is for Elite Members only so I can't post the template and indicators. I took screen shots of the setup in NT though... Hope this helps. Let me know if you have any questions.

-C

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  #15 (permalink)
Dallas,tx
 
Experience: Advanced
Platform: Market Delta
Broker: Velocity /TT
Trading: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 490 received

Thanks for the screenshot ,

You can publish the template , people who are not Elite member will nor have the indicator on th chart but template is still good

Ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
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  #16 (permalink)
NA
 
Experience: Intermediate
Platform: IRT
 
CDesai13's Avatar
 
Posts: 46 since Jun 2009
Thanks: 29 given, 18 received

Here you go

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