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08-02-2010, 10:50 PM
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Hi electroiclocal ! Nice to see you here. most guys here are market profilers, we use market profile as our trading tool, and thats why your blog got me interested, looking at the chart defination range charts are derived from average true range, as you said woodies cci validate the trend, and foot print along with profile is additional advantage, i am very tempted to make market profile as primary advantage, single print zones, responsive and initiative action will keep us in advantage to determine the trend. Your views are highly appreciated.
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You want to be yourself, idiosyncratic; the collective (school, rules, jobs) wants you generic to the point of castration - Nassim Nicholas Taleb     
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08-02-2010, 11:52 PM
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You found out this forum within 24 Hrs of starting of this thread  
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08-02-2010, 11:56 PM
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09-02-2010, 03:56 PM
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I use the MP structure as the context for my trades. As I was a local I have a very short attention span and don't like taking heat on a trade. I couldn't find that with just MP so added order flow and momentum change to my arsenal. Range bars just take out the noise. I learned MP from Steidlmayer and Dalton in the 1980s but did not have great success with it for short term trading until I found the right additional tools.
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10-02-2010, 12:26 PM
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@ Electroniclocal :
Trying to grasp more with ur methodology, its different than what i had employed on first trend day. Just at the point , momentum is vaining above VAH, so more risky version of ur setup arises 'Outside In' for NF....loking for shorting opportuninty in range 4822-25...lets see how it goes...
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Harvest The Moon !!  
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10-02-2010, 12:29 PM
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Oh yes it turned right...keltner is flattaening and a move below MA33 is targetteg for 4798....will post chart EOD for this spotting....
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Harvest The Moon !!
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10-02-2010, 05:49 PM
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I would restrict discussion limited for potential & high probability trades and only in context of Market Profile. Multiday profile is shown as assistence for todays profile.On Flobot chart iv market many points but some fits with methodology, probability and context.
1a,1b and 1c -> Discarded for "Outside In" as they were with WCCI(45) in range of 100 to 250. Decreasing momentum was like a wait clock for opportunity. 1d -> fits fully in Market Profile context, WCCI(45) below 100 and momentum totally flat. A better choice for Outside In. 2 was estimated tgt for 1d ,as it comes with flat keltner. 3a,3b, and 3c -> fits more as "Inside Out" or as add/reentry for previous exits. 4,5 and 6 were their respective tgt. 6 was interesting as it was more steep than 4 and 5, hence 3c could be extended. 7a -> discarded for Outside In, WCCI(45) > -250 7b & 8a -> 7b was a choice for Outside In, WCCI(45) rising and above -100. Not convinced why i should see 8a as Inside Out for long or short. However 8a coincides as an attempt to reenter in todays VAL ( not shown here in FootPrint chart ) and only probability for this was continuation of downtrend, but we would not like to try this at near end session after much selloff. 7c, 8b -> discarded as near end session.   Will try to grasp more electroniclocal's methodology.
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Harvest The Moon !!
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10-02-2010, 06:41 PM
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D2 What do you mean by inside out and outside in setups ?
Also can you make it as a rough rule, like sell when cci is x, channel condition is y, single print back ground as confirm signal? So i could make quick rules in md to back test it.
__________________
You want to be yourself, idiosyncratic; the collective (school, rules, jobs) wants you generic to the point of castration - Nassim Nicholas Taleb
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10-02-2010, 11:41 PM
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from electroniclocal's methodolgy/terminology Outside In == a move from outside of keltner band towards inside upto moving average 33 period. Inside Out == a move from MA33 to keltner band. there seems many-many possible rules/setup as FloBot definition contains many indicator study.On the very first day ( before i gone thru his method ) i saw it as a normal setups having setted following rough rules... For entering long 1) Confirm Cummulative delta started increase. In this case Cummulative delta ( shown in second pane) turns from red to green. 2) Confirm WCCI(45) is greater than zero. Value of WCCI is not considered in any way. ( however latter i found its better if its increasing/upsloping or above 100 ) 3) If above two conditions met than go long on first occurence of Range bar closing above MomDots. 4) Exit long by condition, "Range bars closes below MomDots AND "Cummulative delta turns red from green". Similar set of rules for short can be applied. Rules are more or less trend following type and produces whipsaw. But electroniclocal's method is different ...some thing syncing the entry with tops/bottoms with supplement from market profile, that whether prices are out of value or inside value.
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Harvest The Moon !!
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11-02-2010, 12:43 AM
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Thats pretty lucid explaination D2, & i think momdots are some form of floor pivots, and thats where i think we may modify it further, trading by floor pivots sound more inflexible, that will automatically give us late entry, instead of momdots how about using highest high or lowest low of last few bars or using single print reference levels ? The more condition we give to the market less we get the trade and less we get in sync with the market
__________________
You want to be yourself, idiosyncratic; the collective (school, rules, jobs) wants you generic to the point of castration - Nassim Nicholas Taleb
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