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Yes, I am still working in NT7 only as I don't have all the components in NT8 available.
I think the only draw back of NT7 for me is that it is not able to utilize multiple threads.
But I have a solution to this problem which is to buy a CPU with higher clocks not a lot of cores.
After re-read your question.
Yes, it is indeed a bollinger band.
The below one is the cumulative tick. So that it is easier to gauge the overall pressure in the underlying equity market.
It is part of the RanchoDinero package.
NY has open in the exactly same way as I have outlined in the pre-market prep post that it has auctioned against the overnight inventory before diving to the down side to fill in TPO holes.
The best performer today is the Russell and dow. The RTY has retested the prior day's VPOC to the tick before diving down hard to the other side. As the time of speak, it has traded back in Wednesday's Value. I would like to see it to test the naked POC later today.
The Dow also open in counter to the overnight inventory and turned around rather swiftly at the prior day's VAL. Actually I was anticipating a retest of the prior day's POC, hence missed the first entry. But it did provide a second second entry on the short side, which is very gentlemen.
Just before the lunch break there is a big TICK divergence appeared setting up a nice scalp to the upside.
I have traded dow and ES in the pullback leg. If I would be vigilant, I could even trade Dow in the first up leg from 24050 as there is a big buy order jumped in.
amazing how price bounced off the VAL of the last 2 weeks.
I was not aware market profile is such a good tools.
The problem is being able to use it properly.
Thanks for sharing and explanations!
Could you advise indicators for NT to show volume/market profiles and levels (POC, VA etc..) for intraday usage?
And could you please share Cum Delta settings? Mine doesn't seem to show delta, only bars and EMA.
Thanks!
Hi Roadahead,
Thanks for your interest.
I find that RanchoDinero's MP package is the best value for money hands down.
Just get over to its website to have a look.
You don't need anything else in cum delta. In fact the TICK is far more important than the delta. I don't follow cum delta that closely actually.
The ES is currently trading within the TPO hole of last Friday's profile.
If market open in this way, then we would have a neutral bias as it is within the value. Since the overnight inventory is long, we can not rule out the chance of a false break down to test the VAL before shooting higher to test the other side of the value.
Monday is typically a range day. If there is no significant news coming, I would assume that we are going to have a balance day that market rotates from one side of the value to other side.
