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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 ..
You are most welcome exiledgoblin! Thanks for your post with which I found out the MP Value indicator can plot the previous day's Value Area for me. No need to practise my manual plotting skill LOL!
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).
I'm done with my PA practice (incl a quick sim trade for 6 ticks) per enclosed. Will compare my labels with the ones generated by the PA Swing indicator EOD.
Remember the Price Action Swing thread I recently uncovered? Dorschden has just posted an updated indicator with the PA text labels (per my suggestion) as follows: