Joey's MP Journal

This is a discussion on Joey's MP Journal within the Trading Journals forums, part of the Reception category; 1373.92 (Weekly R3) 1343.25 (Resistance) 1334.92 (Weekly R2) 1328.75 (Resistance) 1317.33 (Weekly R1) 1316.75 (Resistance) 1310.00 (Resistance) 1295.92 (Weekly Pivot ...

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Old Aug 19, 2008, 9:58am   #161
Joined Mar 2005
Numbers for use August 19th

Joey25 started this thread 1373.92 (Weekly R3)

1343.25 (Resistance)

1334.92 (Weekly R2)

1328.75 (Resistance)

1317.33 (Weekly R1)

1316.75 (Resistance)

1310.00 (Resistance)


1295.92 (Weekly Pivot Point)

1294.50 (Resistance)

1287.33 (Daily Pivot Point)


1278.33 (Weekly S1)

1256.92 (Weekly S2)

1217.92 (Weekly S3)
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Old Aug 19, 2008, 11:13am   #162
 
rathcoole_exile's Avatar
Joined Jun 2007
alternative PPs for 19 aug

Camarilla
H4 - 1299.50
H3 - 1290.80
L3 - 1273.20
L4 - 1264.40

DeMark
DMH - 1294
(PP - 1284)
DML - 1262

Crabel
ORB Strectch - 4.6
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karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
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Old Aug 20, 2008, 7:32am   #163
 
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Joined Jun 2007
alternative PPs for 20 Aug

Camarilla
H4 - 12979.64
H3 - 1274.07
L3 - 1262.93
L4 - 1257.06

DeMark
DMH - 1275.75
(PP - 1269.25)
DML - 1255.50

Crabel
ORB Strectch - 4.5
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
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Old Aug 21, 2008, 12:20pm   #164
 
rathcoole_exile's Avatar
Joined Jun 2007
alternative PPs for 21 aug

Camarilla
H4 - 1282.69
H3 - 1278.22
L3 - 1269.28
L4 - 1264.88

DeMark
DMH - 1283.38
(PP - 1271.94)
DML - 1267.13

Crabel
ORB Strectch - 4.5
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
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Old Aug 21, 2008, 12:51pm   #165
Joined Mar 2005
Joey25 started this thread
Quote:
Originally Posted by rathcoole_exile View Post
Camarilla
H4 - 1282.69
H3 - 1278.22
L3 - 1269.28
L4 - 1264.88

DeMark
DMH - 1283.38
(PP - 1271.94)
DML - 1267.13

Crabel
ORB Strectch - 4.5
Please, can you post these tables in your own journal?
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Old Feb 13, 2009, 7:30pm   #166
Joined Mar 2005
Joey25 started this thread A good six or seven months on, and I'm going to start posting in here again.

I continue to trade FTSE futures and options as my income, and trade S&P500 in a spreadbetting account as something "untouchable" which will hopefully compound. I've also got a demo account with Alpari for FX.

The entries haven't changed much, but hopefully it should be clear I'm now a lot more aggressive with exits.

Largely still Market Profile, with some Making Money Trading influences. I hope someone will find something of value.
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Old Feb 13, 2009, 10:28pm   #167
 
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Joined Apr 2004
look forward to reading your posts, will you be walking us through how you trade now or should i just read the journal from the start?
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Old Feb 14, 2009, 9:10pm   #168
Joined Mar 2005
Joey25 started this thread
Quote:
Originally Posted by Elefteros View Post
look forward to reading your posts, will you be walking us through how you trade now or should i just read the journal from the start?
Hi Elefteros,

I'll walk through some examples, past and present.

The basic routine is:

(i) Take a cue from the daily chart, which will usually be a potential reversal point.

(ii) Then, use the profile to identify area(s) to fade.

(iii) Finally, use the options market / VIX for range estimation and hence targetting.

For the time being, I virtually trade without stops - just using disaster ones. I'm trying to master the bigger picture before focussing too heavily on risk management.

I'll type up a complete example from the 10th February e-mini S&P later.
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Old Feb 15, 2009, 6:00pm   #169
Joined Mar 2005
ES 10th Feb Example

Joey25 started this thread The first alert is the failed aution through the Feb 8th highs after a decent move up.

There is also a small value area of only about 6pts, which in the context of recent market activity is very small. The market could well be ready for a directional move.

At this point we take our vol readings, average range numbers or ATR measurement to gain an estimate for expected range. Some people extend yesterday's range, but I think this can lack ambition since the best moves come after a sudden contraction in range (signifying indecision).

The 20-day ATR on the chart is about 30 pts.
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Old Feb 15, 2009, 6:16pm   #170
Joined Mar 2005
10th Feb Example Continued

Joey25 started this thread The market opens at 8:30am (14:30pm GMT) below the value area.

A market opening out of balance offers both great risk and great reward.

The strategy is to have 2 sell limit orders, one at the Value Area Low and one at the Point of Control.

In this example, the market reverses exactly at the Point of Control.

Our target is measured from the intraday high, so can be trailed towards us if the market rises further before falling.

Stops and trailing are a personal thing, but I will tend to cancel the Point of Control order if the market reverses straight away from the Value Area Low and a swing high forms before the other order is hit.
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