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  #31 (permalink)  
Old 27-12-2016, 10:52 PM
no1lives4ever no1lives4ever is offline
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Please keep all the MP learning posts here unless it is on a specific thread related to MP in the MP section.

-- no1lives4ever
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  #32 (permalink)  
Old 28-12-2016, 11:35 AM
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Originally Posted by no1lives4ever View Post
How can it be long liquidation when market has been going down for so long?

b type at end of a up move is a long liquidation. At bottom, it would mean something else.

Context is the key when you are looking at using day types to make analysis.

-- no1lives4ever

Thanks no1! Now I know why you got that monicker.
You are absolutely right, my observation was too simplistic and without keeping the context in mind. One more thing i should have kept in mind was the volumes which were higher then average, normally long liquidation as well as short covering day's volumes are below average as no new business enters.

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  #33 (permalink)  
Old 28-12-2016, 11:52 AM
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Originally Posted by R.M. View Post
Thanks no1! Now I know why you got that monicker.

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Last edited by nTP; 28-12-2016 at 06:35 PM.
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  #34 (permalink)  
Old 28-12-2016, 11:11 PM
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hi

if i would concentrate on this earlier i would have better understanding at least : however

P r ofi l e I d e n t i fi c a t i o n a n d C h a r a c t e r i s t i c s
1 . N o rm a l d a y
2 . No rmal v a r i a t i o n o f n o rm a l d a y
3 . T r e n d d a y
4 . N o n - t r e n d d a y
5 . Ne u t r a l d a y


NORMAL DAY
1. Initial balance set by local (A & B perieds). Initial
balance dominates range and is not upset throughout the
day. There is no range extension.
2. Long term sellers entered on the extreme 2S price was too
high creating a single print tail.
3. Long term buyers entered on the extremes as price went
too low creating a single print buying tail.
4. Normal days are characterized by a large initial range
(A&B periods) forming a wide base that is unlikely to be
knocked over.
5. To trade these days successfully, be patient and wait for
opportunities to buy in the lower third of the value area
and sell in the upper third.


4.
NOR M A L V A R IATION OF NOR MAL DAY
1 . 8 :0 0 - 9 :0 0 Lo c a l e s t a b lis h e s in it i a l b a la n c e .
2 . 9 :0 0 - 1 0 :0 0 Th e OT s e ll e r e n t e r s a n d e x t e n d s t h e r a n g e
d ow n wa r d . R a n g e e x t e n s io n o c c ur s w h e n w e h a v e
t r a n s a c t io n a l v o lume o ut s id e t h e A B r a n g e ( in it ia l
b a l a n c e ) . On t h is t y p e o f d a y r a n g e e x t e n s io n o c c ur s in
o n e d ir e c t io n o n l y .
3. In t his t y p e o f d a y , t h e in it ia l b a l a n c e is us ua lly up s e t
e a r l y a n d quic kl y . Thus , y o u a r e g iv e n t h e t r a d in g r a n g e
in w h ic h t o t r a d e in t r a - d a y .
4 . 1 0 :0 0 - 2 :0 0 Ot h e r t im e f r am e p r e v a ils .
5 . Tr a d in g t e c h n ique d e p e n d s up o n y o ur d e t e rmin a tio n o f t h e
d ir e c t io n o f t h e m a jo r a uc t io n , l o c a t io n wit h in a t r a d in g
b r a c k e t a n d y our r e c e n t e x p e r ie n c e a s t o t h e d e g r e e o f
in v o l v e me n t o f t h e l o n g t im e f r am e p a r t ic ip a n t .
6. In a t r e n d in g m a r k e t up , f o r e x a m p l e , we m ig h t b uy r a n g e
e x t e n s io n a n d b r e a k s . Wh ile in a t r a d in g m a r k e t w e m ig h t
f a d e t h e r a n g e e x t e n s io n a n d s t il l b uy t h e b r e a k s . Th is
is n o t c o n c l us iv e b ut r a t h e r t o g e t y o u s t a r t e d t h in kin g
a b o ut y o ur s t r a t e g ie s .



TREND DAY
1. Ini tial ba lanc e is usually small and eas ily upset .
2/3 Rang e extensi on to one si de usually occurring in se veral
time periods.
4. The long timeframe rema ins in cont rol .
5. This type of day diffe rs fro m a no rma l variation day in
that the trend day is genera lly more elongated and
thinner. Usually no more than fo ur or five br ackets
wide .
6. Trend days occur 10-15% of the tim e.
7. Failu re to re cogni ze and accept that you are in a trend
day is one of the two most costly mistakes a trader ca n
make . Several days of trading profits are lost in one
trading session.
8. To trade a trend day up, go with it by bu ying the pul l
ba cks. On down trend days, se ll the ra llies.
9. Trend days often mark the be ginni ng or end of any
intermediate term tre nd . It is import ant to ascertain
whether you are at the be ginni ng or end of a trend .
10. The day fo llowing a trend day is often a mo re ba lanced
type of day .
11. Another way to descr ibe a trend day is to say price is
leading value bu t no t by so mu ch that it attracts the
attention of the opposite timeframe .



DOUBLE DISTRIBUTION TREND DAY
The initial balance area (AB range) generally serves as a
base. A very small initial balance is the first alert
that a double distribution trend day may occur. The more
narrow the initial range, or base, the easier it is to
overwhelm this area and move quickly to a new level.
Other timeframe extends price.
Lower price is accepted; value forms lower. Two value
distributions are formed, separated by single prints (F
period) .
The second value area often marks a reliable trading area
for the rest of the day.
Generally exit any trend day when late in the day the
single prints are taken out. This usually happens
because the market accelerated too far too fast, causing
exhaustion.
A trend day should finish within 5-10% of the high or
low. If it doesn't this is possibly another sign of
exhaustion and should serve as an early warning sign to
exit the trade.


NON-TREND DAY
1. Very narrow range.
2. No participation of other timeframes, i.e., no range
extension.
3. No discernable information.
4 . Market needs more information prior to making the next
directional move.
5 . When the market breaks out of a non-trend day, go with
it. The market has been in balance and it is unlikely it
will stay in balance for long.
6. Don't force trades. Be patient; if no opportunity
presents itself, then don't trade.


NEUTRAL DAY
1. Initial balance established by locals.
2. Long timeframe seller is active.
3. Long timeframe buyer is active.
4. The market is in balance. Involvement of all timeframes.
Range extension on both sides.
5. Markets do not remain in balance for long.
6. Neutral days finishing in the middle of the range are
likely to see trading going with the original trend.
7. Neutral days closing on the extremes are likely to open
the following
Attached Files
File Type: pdf daytype.pdf (205.4 KB, 14 views)
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Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Consider us a dumb -dumble guy in this analysis, any type of real time example will be quick-learn approach.

Last edited by nTP; 29-12-2016 at 12:00 AM.
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  #35 (permalink)  
Old 30-12-2016, 02:31 AM
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hi

Types of Open

* Drive - This is the strongest and most definite type of Open. Usually caused by other-frame buyers/sellers reaching strong conviction before the market opens. From the very start the market will auction aggressively in one direction and is unlikely to come back and test the opening range at any point. The initial large move happens in the first time period, i.e. the first half hour, but other large moves may happen later. Generally indicates a Type 3 Trend Day or a Type 2 Normal Variation Day. This Open type is uncommon.

* Test Drive - This Open starts in a similar way to the Drive Open, but stops and reverses. The market is taken lower to go higher or vice versa. The initial large move and reverse back past the Open happens in the first time period, i.e. the first half hour. This is caused by other-frame buyers/sellers wanting to test a previous support/resistance to ensure there is no remaining business there - when this has been confirmed by price rejection, it will roar off the other way. The extreme that has been tested has slightly less chance of holding than the extreme set at the start of a Drive Open, but is still strong. Generally indicates a Type 3 Trend Day or a Type 2 Normal Variation Day, obviously trending in the OPPOSITE direction to the Drive Day type. This Open type is uncommon.

* Rejection / Reverse - Like a test drive, but the initial large move and subsequent reversal take longer to develop (i.e. more than the first half hour). The initial extreme is only likely to hold during the day about half the time. The participants are less convinced than in Drive or Test Drive Opens, and the counter buyers/sellers effectively enter 'late' to force price to reverse. Indicates a two-sided trading day, i.e. low probability of a trend day, and that the initial extreme may be re-tested. Generally indicates a Type 1 Normal Day or a Type 2 Normal Variation Day.

* Auction - This Open falls into 2 subtypes, although both look like a market with no firm conviction in either direction. In the first subtype, if the market opens within the Value Area of the previous day, a non-convictional day is likely to develop, as market sentiment remains unchanged from the last session and other-frame buyers/sellers are not strongly present. Any extremes established early have a LOW probability of holding. Usually a Type 1 Normal Day, Type 4 Non Trend Day or Type 5 Neutral Day will develop. If on the other hand the Open is "out of balance" (i.e. outside the previous day's Value Area) then a "big Day" is likely. Although it may appear to be wandering randomly, the mere fact that the Open was OUTSIDE yesterday's Value Are suggests the activity of strongly convictional other-frame buyers/sellers. Usually a Type 4 Double Distribution Day will develop.

its a ref from some other thread keeping it here to get the thing in one place.
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  #36 (permalink)  
Old 31-12-2016, 04:16 PM
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Default mp theory in summery.

hi





it is primary day or normal day . we have range extension on bothside.
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Last edited by nTP; 31-12-2016 at 04:55 PM.
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  #37 (permalink)  
Old 02-01-2017, 02:27 PM
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hi



looks like a double distribution trend day was developing with lower open from yesterday's value area with a development of overlapping value area which turned out to a normal day so far with a little responsive action from local in upside;we had an range extension on upside more than downside .
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  #38 (permalink)  
Old 03-01-2017, 07:01 PM
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normal variation of normal day range extension on downside .
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  #39 (permalink)  
Old 03-01-2017, 08:03 PM
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He is going on observing ! Once in a while somebody tell whether he is wrong in that particular post . Unless you do that he may assume he is doing it right .
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  #40 (permalink)  
Old 03-01-2017, 10:29 PM
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Hi

market generated information are classified in three cat :

1.market logic
2.market structure
3.time



i donot know certain trix and tips in wyckoff and pa but mp of jd covers certain thing like this :



mp is one of the tools that covers all the existing market generated information used by conventional trader imo.
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