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- Risk Surfer replied Feb 4, 2014
TPO Profiles When Market Profiling was introduced in the 1980s, Volume data was not used; instead, traders in the pit used a time-based profile, known as a TPO profile. Each session was split up into 30 minute periods, (similar to using 30 minute ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Feb 4, 2014
Thanks, the more posts I make the more content I realize there is to cover haha
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Feb 3, 2014
Market Depth / DOM Back in 2011 when I was trading for my Proprietary trading firm, many of the traders on the floor did not use charts; they filled up all their trading screens with DOMS. Dom stands for “Depth of Market” This was all they needed to ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Feb 1, 2014
Sorry folks, been abroad this week working on a trading project with a colleague. Will start posting again on Monday. The 'theory' section is almost complete, next step will be to post some examples. Some will be cherry picked for illustration ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 24, 2014
VWAP and Midpoint There are two more tools I use in my trading: Midpoint: This one is self explanatory. Since the markets I watch have a defined open and close, they also have a defined high and low, and therefore midpoint. It's widely looked at, ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 23, 2014
Hi Dappa. thanks for your post. Yes in theory it's possible to trade the spot market using analysis performed in the futures market. Although the currency futures market only trades a small percentage of the volume done in the spot market, the two ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 23, 2014
Value Area Personally I do not use the Value Area much when analyzing the market, but it is an important component of Auction Market Theory so I’m going to post about it anyway. The VA can be seen on most Volume Profile graphics. It is showing an ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 23, 2014
Thank you sir! More on the way
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 22, 2014
Initial Balance Another metric traders use is the Initial Balance or “IB”. The IB is the range established within the first 60 minutes of trading. There are many implications of various forms of Initial Balance, but for now I’ll stick to one basic ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 21, 2014
Opens, closes and gaps Most Futures markets have a very well defined open and closing time. Any product traded on the Eurex exchange opens at 7AM GMT and closes at 9PM GMT. Between 9PM and 7AM no trading occurs. If there is a shift in value while ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 14, 2014
Here's a follow up to this 10yr-Note hypothesis. We did get pulled towards the 124'160 level, rejecting it initially (visible on the lower timeframes) and now chopping around that previous high volume area. 120 minute Rolling chart; image
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 12, 2014
The Youtube section is very much work in progress. I've only recorded 2 trades so far, Both showing my entry orders being filled and following price action. I want to improve on this in future with commentary or at least annotations
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 11, 2014
VPOCs One of the key metrics that develops through a trading session is the Volume Point of Control, or “VPOC” This is simply the single price where the most trading has occurred, i.e. where the most contracts have changed hands. It can be ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 11, 2014
Many thanks for the feedback and for following along. I will definitely consider a trade explorer if there is enough demand for it. However I want to distance myself from the 'follow my trades' style service. I just think I can give people a helping ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 10, 2014
Gravitational pull of High Volume Nodes High volume nodes tend to be magnetic to price. Price likes them and often gravitates from one to another. Take the US 10year Note for example, rolling chart. Price has been stuck for some time around the ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 10, 2014
Low Volume Nodes Low volume nodes have very different characteristics. They are generally created when participants see prices as ‘unfair’. Either too expensive or too cheap. This creates a bit of a vacuum effect. Low volume nodes are often the ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 9, 2014
I have to agree with the above poster, the job of a market maker is to provide liquidity not absorb it. I will be watching the thread with interest though as it looks like you view the market in a similar way to me
Orderflow Gaps
- Risk Surfer replied Jan 9, 2014
High volume nodes High volume nodes are created when there is a high activity of trading over a narrow range of prices, this is showing that these prices are being accepted by traders, Buyers are happy to buy, sellers are happy to sell, both are ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 9, 2014
COMPOSITE CHART Finally I use the composite chart. This is very similar to the Rolling chart, however in this case; each candle represents one day or session. And the data is not limited to 120 days. In fact the profile on the right hand side, is ...
Surfing Risk Intraday - Volume Profile and Order flow
- Risk Surfer replied Jan 9, 2014
ROLLING CHART The rolling chart consists of 120 minute bars. It includes only the last 120 days of data. Data from 121 days ago gets ‘chopped off’ every time a new day starts. It is a very simple chart showing me a slightly more ‘zoomed out’ view of ...
Surfing Risk Intraday - Volume Profile and Order flow