Originally Posted by electroniclocal

Hi Guys, Devdas has got it spot on - the range bars are the secret. You can see the vertical movement much more clearly. Plugging in the order flow using volume delta and its derivatives, adding CCI to validate momentum and you have as much information as you need. I add Market Profile so I have more context and use the VA and extremes for support and resistance.

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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paradoxically,simple isn't simple at all, when we say simple is beautiful then it means ' non beautiful ' isn't there

Originally Posted by electroniclocal

Hi Guys, Devdas has got it spot on - the range bars are the secret. You can see the vertical movement much more clearly. Plugging in the order flow using volume delta and its derivatives, adding CCI to validate momentum and you have as much information as you need. I add Market Profile so I have more context and use the VA and extremes for support and resistance.

You found out this forum within 24 Hrs of starting of this thread

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Originally Posted by electroniclocal

Hi Guys, Devdas has got it spot on - the range bars are the secret. You can see the vertical movement much more clearly. Plugging in the order flow using volume delta and its derivatives, adding CCI to validate momentum and you have as much information as you need. I add Market Profile so I have more context and use the VA and extremes for support and resistance.

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I hear and I forget.
I see and I remember.
I do and I understand.”
Chinese proverb

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.

@ 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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Mind Like Water....

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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Mind Like Water....

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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Mind Like Water....

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.

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paradoxically,simple isn't simple at all, when we say simple is beautiful then it means ' non beautiful ' isn't there

Originally Posted by alex

D2 What do you mean by inside out and outside in setups ?

Originally Posted by alex

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.

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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Mind Like Water....

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

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paradoxically,simple isn't simple at all, when we say simple is beautiful then it means ' non beautiful ' isn't there