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DTs Pre Market Prep


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DTs Pre Market Prep

  #981 (permalink)
Brazil
 
Experience: Intermediate
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DionysusToast View Post
29th March


Plan
- Long biased, will switch to short if we see downside volume trading below 51
- Volatility has been decent the past few days (albeit after a slow start), so no hurry to engage early

Weekly Numbers
Range - 2317.75 -> 2360.50
Value 2321.25 -> 2343.75
S1 - 2324.75, R1 - 2371.75

Daily Numbers

Range 2333.50 -> 2360.50
Value - 2341.75 -> 2360.25
Globex 2340.75 -> 2356.75

Settlement 2351.50

Today Only - 2350

Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75


Peter, first of all thank you for sharing your DT pre market prep. It's being of a great value. Please tell me about the calculations for the weekly and daily value area. seems to me you use va calculations through volume 70%, am i right? did you ever used this va calculation through tpo's? what do you say about both calculations?

Thanks!
Daniel

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  #982 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
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DanielTrader View Post
Peter, first of all thank you for sharing your DT pre market prep. It's being of a great value. Please tell me about the calculations for the weekly and daily value area. seems to me you use va calculations through volume 70%, am i right? did you ever used this va calculation through tpo's? what do you say about both calculations?

Thanks!
Daniel

On the profile charts, you can see pink and black 'brackets'. The pink are time/TPO based value areas and black are volume based.

I use Time based, they are usually about the same anyway and to me a 2-3 point variance on a level holding is fine.

I took a course from Dalton many years ago and I sort of just stuck with it, I think both ways are fine.

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  #983 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
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Trading: ES
 
Jigsaw Trading's Avatar
 
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30th March



Volume was really low yesterday, we did close higher but I don't see that really as confirming the long bias I had, we mostly moved sideways.



The weekly profile is bullish but we are in danger of ranging 2351-2359.50, so watch that area for a fade as we go.



We are holding yesterdays value area overnight (53.50), so an eye on that into the open.

Plan
- Eyes on volume into the open - if it stays low, look to fade moves
- No continuation trades between 51 and 59.50 but do look for 53.50 to hold
- If we break out from the 51-59.50 area - look for a headfake and take a continuation only on decent volume

Weekly Numbers
Range - 2317.75 -> 2362.50
Value 2335-> 2362.50
S1 - 2324.75, R1 - 2371.75

Daily Numbers
Range 2348.75-> 2359.75
Value - 2353.50 -> 2358.50
Globex 2353.50 -> 2362.50

Settlement 2357

Today Only - 2351-2359.50, 2353.50

Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75

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  #984 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
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No prep today - bought a new car, so going out to do laps of the city center with the stereo on full blast....

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  #985 (permalink)
Europe
 
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DionysusToast View Post
No prep today - bought a new car, so going out to do laps of the city center with the stereo on full blast....



Send us some pictures!


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  #986 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
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Alexander Savin View Post
Send us some pictures!


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Still working on a name for her - just known as "Little Sister" for now... just hope big brother doesn't get jealous...

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  #987 (permalink)
Dhaka, BD
 
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Congrats on the new ride Pete!

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  #988 (permalink)
Brazil
 
Experience: Intermediate
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Posts: 42 since Oct 2016
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DionysusToast View Post
No prep today - bought a new car, so going out to do laps of the city center with the stereo on full blast....



Congrats Peter! Enjoy!


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  #989 (permalink)
Market Wizard
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DionysusToast View Post
Still working on a name for her - just known as "Little Sister" for now

Nice sunglasses on the new ride.


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  #990 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
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Broker: AMP, S5, IB
Trading: ES
 
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Posts: 2,975 since Nov 2010
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DavidHP View Post
Nice sunglasses on the new ride.


PMSL....

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