28th June Charts

Charts from 28th

The chart attached is the MP action daily up until 6/25 that's Monday

Zig-Zags

Today's action in 15 min MP format

More archive

3/5, 3/6, 3/7, 3/13, 3/14

some more charts of 2001

2/26, 2/27, 2/28, 3/1, 3/2

Current chart 6/22

This post is yesterday's chart for the ES, back to the present.

Here are some ideas for profiting from this intraday action - to be looked at:

• Trading of the open
• Gives most chance of catching a trend day
• Trade the breakout of the first cluster
• Trade the bottom of the 2nd cluster in the direction of the 2nd bluster breakout
• Trade a top heavy pattern cluster

• Trade with regards to value placement of each 15 min bar, i.e. stick with trend as long as value is rising look to exit or short if value is static or falling
• Trade around previous high/lows - look for rejection by low number of TPOs and a build of value above - look to trade at value for breakout
• Trade for market break if price clusters at an extreme for extended period
• Trade to previous 15 minute highest TPO value - scalp type trade

Just some basic beginning ideas to check out.

before and after

The previous intraday charts were for ES on the days: 2/12, 2/13, 2/14, 2/15, 2/16 - all 2001. There certainly was far more volatility back then. I'm working through the data to look for patterns. The next charts are for 2/20, 2/21, 2/22, 2/23.

Molto di piu

Here are some more similar charts for interested parties, no ideas for profiting just yet.

Let the games begin

So we all know that different market time frames essentially look the same even though they may have a variable degree of trendiness. Well there is no exception with the MP graphic between a daily timeframe and an intraday one. The charting software I use is a non-realtime excel sheet that plots the development of 1 min data into 15 min profile curves. I do have a realtime version that is linked to my data feed. I must stress that currently I do not trade as I don't have the confidence in any one method. I did trade once but have felt the account loss too great on too many occasions.
So any hoo I will begin by posting a few charts. By the way I may be able to send a few people my excel sheet depending on demand for my method. Methods are funny things some people just hate others' ideas, I can identify with that. The main point of this blog is that, to my knowledge, people are not looking MP on an intraday basis and it's something I wish I could discuss.

I have many more to post coming soon.

What's your style? - The art of fighting without fighting... show me some!

OK so what am I on about. Lot's of people use Market Profile to look for trading points in the market. My idea is to track 15 minute profiles of the market intraday. I have a tool that allows me to replay any day with 1 min data. This allows me to sharpen my wits against the market. But first I have to develop some patterns that I think may be repeating constantly. That's where I'm at so far. I have a glut of 5 min ES data and I'm willing to use it, so........

I'll post what I'm talking about next.

What is this blog about

Hi there. This blog is an easy way for me to describe my ideas on learning trading intuition. Over the number of years I have been watching the markets I have studied a great number of trading books and articles. Mostly they have been useless in improving my bottom line. The standard answer is that there is no Holy Grail. Well the true answer is to approach trading like any other discipline or pursuit. That is by correct methodology of learning. The prime driver for this project has been the book Enhancing Trader Performance by Brett Steenbarger. This chap is a rarity in the trading world. He offers each and every day true pearls of trading wisdom for no charge whatsoever. His book showed me that to become a good trader you must just focus on structured learning. His book goes into far more detail on this subject, so I advise you to get it today.