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Like a turtle to his balcony...


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  #611 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
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From a market profile perspective I did not understand today. "Neutral Extreme", I guess. But other than that it felt like a day where I was most likely to lose money. I don't have an explanation for that feeling, and think maybe market profile will help define that better.


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  #612 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I had thought this morning I wanted to sell 96.30 area. There was some question about data and rollover, and then the TPO was K period, not the right time for what I was seeing. Unless I was not afraid of holding through the ETH close. But I am.

This is a post I will see again in a week or 3.

I would still sell this. Tomorrow?

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  #613 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Does not look particularly bearish. But they never do.


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  #614 (permalink)
 
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 josh 
Georgia, US
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GaryD View Post
Never came. I market-profiled myself right out of a decision. I knew I did not want to fade K period...

I think you "Gary'd" yourself out of a decision using some MP terminology that you have not owned yet Meaning, personally, I don't put much weight at all into a P-formation, and to me it is a general indication of acceptance higher. The profile does not say "short covering," the profile simply tells you where the activity is. Drawing the conclusion that it's short-covering, or higher prices to come, is something that we individually do. Prices don't lie, volume doesn't lie, volume/time at price doesn't lie, it only reports info, and then we use our intuition to trade and the rest to confirm whether we are right or not. Just my 0.02.

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  #615 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


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  #616 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Wanting to short here, also hard to do


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  #617 (permalink)
 
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 GaryD 
Orlando, Florida
 
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right back in where I got out, 1 contract


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  #618 (permalink)
 greenr 
london/england
 
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GaryD View Post
right back in where I got out, 1 contract


Look at how we keep rejecting value dude



+ your trying to fade a 1 TF market off there lows

A lot more going to here too, i 100% would not be trying to fade these highs at this present time, untill we reject prices above yesterdays highs

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #619 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


greenr View Post
Look at how we keep rejecting value dude

Yes. Got my head wrapped around "excess"

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  #620 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


I am going to go a step away from sim, just comment on the chart. I am trying to integrate something that I do not have any history with. I really like the concept of market profile, but am showing signs of being anxious to try out the new information. The process causes me to put less emphasis on things I do know, too much emphasis on things I don't.

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Last Updated on August 5, 2013


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