For the MP indicators, I simply changed the open hour/minute (9 and 30 respectively) and session length (6.5 hours) and nothing else. I include my template if it maybe helpful. You can find the MP and MP Value indicators from the following:
Thanks to a friend's guidance, I just learned that the two MP Value indicators are exactly the same. I simply need to turn on the values for the Value Area (currently set to transparent for the MPValue_Cory one).
My warmest apologies for the confusion caused.
Hey, now I have a change quota back since I do not need the second MP Value indicator .. haha ..
Price currently trades around 1065.00 (very close to Friday's Value Area 1069.25-1086.75). If it opens within the Value Area and stays there for the first 2 30-minute brackets, we may choose to trade with the flow, either buy or sell.
VPOCs are: Bottom @1054.50 and Top @1077.50. I will also pay attention to overnight High and Low which as at 9:18 am are:
1. Both aligned with what Mr Market wanted when the trades were placed.
2. Both were closed satisfactorily (in Green) within minutes. I SOH when it's choppy and adjusted the PT according to how I felt (second trade).
Note: I had quite a few trades (incl today's first one) did not run because of the BE/Trail cushion. I will see if I need to adjust the same after my forthcoming weekend review.
Initial Balance (IB): 1060.50 - 1070.75 (10.25 points) Value Area (VA) as at 10:35 am: 1064.00 - 1066.00 - 1070.50 (6.50 points)
Price opened @1066.75
Today's High and Low as at 10:35 am: 1070.75 and 1060.50 (within IB)
In addition to today's VA (will change as price moves), I will keep the Top/Bottom VPOCs 1077.50 and 1054.50 in mind (+ certainly the overnight Low @1052.00 if it touches Bottom VPOC).
Last edited by wgreenie; June 7th, 2010 at 12:26 PM.
Reason: Forgot to enclose the MP chart .. sorry.