Joey's MP Journal

This is a discussion on Joey's MP Journal within the Trading Journals forums, part of the New Traders category; 1382.33 (Weekly R3) 1343.25 (Resistance) 1330.58 (Weekly R2) 1328.75 (Resistance) 1316.75 (Resistance) 1311.42 (Weekly R1) 1300.50 (Resistance) 1295.00 (Resistance) 1294.00 ...

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Old Aug 9, 2008, 4:27am   #129
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Default Levels List for use August 11th

Joey25 started this thread 1382.33 (Weekly R3)

1343.25 (Resistance)

1330.58 (Weekly R2)

1328.75 (Resistance)

1316.75 (Resistance)

1311.42 (Weekly R1)

1300.50 (Resistance)

1295.00 (Resistance)

1294.00 (Daily Point of Control)

1284.08 (Daily Pivot Point)

1278.83 (Weekly Pivot Point)


1259.67 (Weekly S1)

1227.08 (Weekly S2)

1175.33 (Weekly S3)
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Old Aug 9, 2008, 4:35am   #130
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Default Pivot Point/Point of Control Confluence

Joey25 started this thread I thought I'd post the following chart as it illustrates something which seems to occur quite often - confluence between a key Pivot level and a key Market Profile level.

In this case, yesterday the market blasted through Thursday's Point of Control of 1278.75(which I shorted and lost on), and didn't pause for a re-test.

Interestingly, this level is the Weekly Pivot Point for next week, meaning the first test of the Weekly Pivot Point will also be the first test of Thursday's Point of Control.

The chart also illustrates that sometimes the Point of Control is more like a "Region" of control spread over several prices.
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pivotpoints-pointsofcontrol.jpg  
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Old Aug 11, 2008, 11:34am   #131
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Default 11th August Trade1 + End of Day

Joey25 started this thread Trade1 Resistance (1300.50)

Sold at 1299.75
Stop at 1302.25
Exit at 1302.25
Gross p/l = -2.50

No capacity for more trades, so also total for the day.
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Old Aug 11, 2008, 1:06pm   #132
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Default Re: Joey's MP Journal

Quote:
Originally Posted by Joey25 View Post
Trade1 Resistance (1300.50)

Sold at 1299.75
Stop at 1302.25
Exit at 1302.25
Gross p/l = -2.50

No capacity for more trades, so also total for the day.

i had a Stop order to short at more or less the same price area (1298), luckily i didn't get triggered.
Now gone short at 1308 coming off the WR1
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Old Aug 12, 2008, 12:22am   #133
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Default Re: Joey's MP Journal

got stopped out for -3

then went again a few minutes later 1308 to 1302 for +6
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Old Aug 12, 2008, 5:46am   #134
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Default Re: Joey's MP Journal

Joey25 started this thread
Quote:
Originally Posted by rathcoole_exile View Post
got stopped out for -3

then went again a few minutes later 1308 to 1302 for +6
Yes, even if I'm out for the day, it's a confidence booster to see clear reactions off the levels.
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Old Aug 12, 2008, 5:49am   #135
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Default Numbers for use August 12th

Joey25 started this thread 1382.33 (Weekly R3)

1343.25 (Resistance)

1330.58 (Weekly R2)

1328.75 (Resistance)

1316.75 (Resistance)

1311.42 (Weekly R1)

1310.00 (Resistance)

1304.75 (Daily Point of Control)

1302.17 (Daily Pivot Point)

1278.83 (Weekly Pivot Point)


1259.67 (Weekly S1)

1227.08 (Weekly S2)

1175.33 (Weekly S3)
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Old Aug 13, 2008, 5:58am   #136
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Default Numbers for use Aug 13th

Joey25 started this thread The Daily Pivot Point contained the RTH session range yesterday, being first tested in the opening time bracket.

1382.33 (Weekly R3)

1343.25 (Resistance)

1330.58 (Weekly R2)

1328.75 (Resistance)

1316.75 (Resistance)

1311.42 (Weekly R1)

1310.00 (Resistance)

1297.50 (Daily Point of Control)

1294.83 (Daily Pivot Point)

1278.83 (Weekly Pivot Point)


1259.67 (Weekly S1)

1227.08 (Weekly S2)

1175.33 (Weekly S3)
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