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I couldnt find the other hilo indicator.. but there are a few around @cory has one.. gann hi lo activator is another one but no arrows... lets see if someone else could find it.....illl post tssupertrend for NINJA
Was trading the ES so i looked at your hocus pocus magical number 1311. A smile printed on my face when i saw it was off the mark a bit. So i went to the Oracle named Market Profile and he told me bug$ was using an inferior crystal ball.
LOL..... @trendisyourfriend you are something.. my broken crystal ball has nothing to do with market profile I swear on my kids head.... I dont use any of that stuff... you know my charts are nice & simple... im a bit rusty right now buy my crystal ball will shine... will shine for sure.....
Nice looking chart though.... do you use market profile for your trading....?????? How accurate do you find it compared with my crystal ball..... LOL
Thanks Bugs.... 1311 was the # 100% accurate just got run up a bit even better if you were long from my other lower #'s........
People are calling it support or resistance... okay I dont disagree with it.. .but this support or resistance is created after Ive posted my #'s.... so basically the mkt makes them support or resistance... I posted these #'s in the morning before even the mkt visited these areas... Not that im magical but mkts can be exploited very easily with a right head on your shoulder....
I use MP for two things: direction and levels and it's a tool used by many big players. I also use the VWAP with standard deviation bands on a 5 minute chart as shown in my example to draw my custom profile. If price is in a directional move, i draw a custom profile to see what level may act as support or resistance and place my enrty accordingly. I found out that volume at price using a custom profile is more accurate than a EMA to evaluate a pullback. Significant levels are found at previous balance areas and where volume is low outside these zones. Nothing magical about it. There is nothing esoteric about Market Profile and volume at price.
BTW, you're getting competition with the blue line.
I just can't wait to see what will be the next fashion trend in terms of methodology to predict the markets.
Thanks for sharing your trading techniques......mostly people just talk the talk but dont walk the walk..
I never knew I was competing here... anyways if i have started a trend where people have started to share genuine stuff then I think I have done my Job.... its been a while that traders share a few genuine tricks besides the basics that everyone is aware of....
I didnt check BLUELINE YET.... but if you are talking about it then there might be something to it....
see people are coming forward & sharing stuff that could benefit others...