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SideTrader
Registered: Jan 2011
Posts: 22 |
03-06-12 07:44 PM
Quote from ammo:
market profile 101 for swing trading, when the nip doesnt hold it becomes in this case resistance,and we are heading for the next widest nip or deepest cleavage( stopping along the way at the ledges if there are any),in this case the cleavage ,at that point it stalls and either returns to test the nip above or drops to the one below
What are you VP settings if I may ask? I'm interested in looking at volume profiles and it appears you have may have different values than the ones on default - probably the last 2 values.
Price per row height mode: Automatic
custom row height: Chart
time per profile: 1.0
on expansion: Yes
profiles: 1000
show point of control: Yes
show value area: Yes
value area percent: ?
opacity: ?
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Laissez Faire
Registered: Sep 2010
Posts: 4153 |
03-06-12 07:47 PM
Seems like the top that a lot of people including yours truly were looking for around the 1370 area finally is confirmed. I took 3 or 4 shots at a short without too much damage, but missed the prime entry when it finally happened.
Note to self: Tops usually take some time to form. About 6 days on this one.
Anyone thinking there`s a good chance we`ll leave these gaps behind for now and trade down to fill the gap at 1308 (if memory serves me correctly)? 
In case there was any doubt, that is what I think will happen.
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tortoise
Registered: Nov 2005
Posts: 2512 |
03-06-12 08:25 PM
Quote from Laissez Faire:
Seems like the top that a lot of people including yours truly were looking for around the 1370 area finally is confirmed. I took 3 or 4 shots at a short without too much damage, but missed the prime entry when it finally happened.
Note to self: Tops usually take some time to form. About 6 days on this one.
Anyone thinking there`s a good chance we`ll leave these gaps behind for now and trade down to fill the gap at 1308 (if memory serves me correctly)?
In case there was any doubt, that is what I think will happen.
My guess is we're going higher from here. I'm probably wrong. But my guess is that a straight shot to 1307 runs the risk of not stopping there. And that musn't happen. At least not before the Facebook IPO
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Macho
Registered: Jul 2011
Posts: 738 |
03-06-12 08:31 PM
Quote from Laissez Faire:
Seems like the top that a lot of people including yours truly were looking for around the 1370 area finally is confirmed. I took 3 or 4 shots at a short without too much damage, but missed the prime entry when it finally happened.
Note to self: Tops usually take some time to form. About 6 days on this one.
Anyone thinking there`s a good chance we`ll leave these gaps behind for now and trade down to fill the gap at 1308 (if memory serves me correctly)?
In case there was any doubt, that is what I think will happen.
I was told that 'tops' are what girls wear and bottoms are what they use to sit on your face
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JoshDance
Registered: Aug 2007
Posts: 3648 |
03-06-12 08:32 PM
Quote from JoshDance:
SIM long 2 @ 41.75
added, reduced, and scalped my way to a +0.01 (yes that's right) per contract on this .. what a crappy day, down for the day and couldn't be happier to see it coming to a close. Of course I did not post since the entry so unconfirmed, so call it a loss if you like for journal integrity purposes.
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