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June 8th, 2012, 07:28 AM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,632 since Jun 2009
Thanks Given: 33,362
Thanks Received: 102,018
Here is a bigger view of a weekly chart YTD.
Note the VA's and POC 's are not exact, I changed resolution to 8 ticks so I could better see each week's value area in the profile.
2224 area (need to re-verify with better resolution profile) looks like a nice level of support to head to, with a CHVN and a naked POC .
Mike
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
June 10th, 2012, 08:23 AM
Australia
Experience: Advanced
Platform: NinjaTrader, Multicharts
Trading: Spot Forex, Gold, Silver
Posts: 176 since Oct 2010
Thanks Given: 114
Thanks Received: 114
I reckon high bid of 2789 by New York close tomorrow.
June 10th, 2012, 05:18 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
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Trading: Stocks & Futures
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Is anyone using Initial Balance on the Euro?
If so, what starting time are you using? I am thinking perhaps open outcry of 8:20 AM Eastern?
Mike
June 10th, 2012, 05:22 PM
Quebec Canada
Market Wizard
Experience: Intermediate
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Broker: AMP/CQG
Trading: ES, NQ, YM
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Big Mike
Is anyone using
Initial Balance on the Euro?
If so, what starting time are you using? I am thinking perhaps
open outcry of 8:20 AM Eastern?
Mike
That's what i use (8:20 AM EST ) and to date i find it works well enough to my taste. The IB with its multiples proposes a reliable framework to gauge PA in my opinion even more so on the ES. I use the first hour (8:20 - 9:20) with the 1 minute opening range which forms a natural demand/supply zone.
June 10th, 2012, 05:30 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
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trendisyourfriend
That's what i use (8:20 AM
EST ) and to date i find it works well enough to my taste. The IB with its multiples proposes a reliable framework to gauge PA in my opinion even more so on the ES. I use the first hour (8:20 - 9:20) with the 1 minute
opening range which forms a natural demand/supply zone.
Perfect, thanks!
Mike
June 10th, 2012, 05:32 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
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Broker: IBKR
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Thanks Given: 33,362
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A quick look at IB on Euro:
I am discussing it more in the Volume Profile thread.
Mike
June 10th, 2012, 06:28 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
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Nice gap on euro, looks like we could be heading back into this channel.
Mike
June 10th, 2012, 11:20 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
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COT report:
Mike
June 11th, 2012, 03:48 AM
Manta, Ecuador
Site Administrator Developer Swing Trader
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Lots of selling on the Euro all night.
We are at the bottom of the TL. Any buyers here, trying to step in and prevent a gap fill ?
Otherwise gap is 80 ticks away and with this selling, seems likely.
Delta is -5000 for the day so far.
Mike
June 11th, 2012, 04:15 AM
Manta, Ecuador
Site Administrator Developer Swing Trader
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Long from 2612. Figure small risk, good reward, if the TL holds.
If it doesn't I'll wait for gap fill and try again.
Mike
Last Updated on January 27, 2024