tag:blogger.com,1999:blog-11660954588528207.post796326614644636466..comments2018-05-08T23:57:46.543-07:00Comments on MGTrader: Areas of Initiated BuyingMGTraderhttp://www.blogger.com/profile/17581339482166830245noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-11660954588528207.post-89023729734513877442009-02-14T08:48:00.000-08:002009-02-14T08:48:00.000-08:00Bert,Thanks for the comment. Yes, that solution wo...Bert,<BR/>Thanks for the comment. Yes, that solution works great. <BR/><BR/>MGMGTraderhttps://www.blogger.com/profile/17581339482166830245noreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-63032422368846665512009-02-14T01:22:00.000-08:002009-02-14T01:22:00.000-08:00Sometimes the dots overlaps each other, eg buy and...Sometimes the dots overlaps each other, eg buy and sell volume , result only 1 dot with one color. To seperatate this for better viewing you can make the first dot eg Buy Volume, bigger eg 5-6 pixels and the other 2 pixel. Result is a big dot with a small dot inside. <BR/>This is a great Blog, i have a lot learned since this Blog is online!!!<BR/>Thanks for all!!Berthttps://www.blogger.com/profile/05314661667843043401noreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-41336747032071082312009-02-13T17:46:00.000-08:002009-02-13T17:46:00.000-08:00Mprofile,Those dots are a new indicator in MD 9.2 ...Mprofile,<BR/>Those dots are a new indicator in MD 9.2 known as Volume Price Statistics. The blue is Maximum buy volume price, the red maximum sell volume price. <BR/><BR/>You have to choose Line,Connected and Style: Dot. Also, you need to choose to place the indicator in the ES price window rather than a new pane.<BR/><BR/>MGMGTraderhttps://www.blogger.com/profile/17581339482166830245noreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-18048816211053110722009-02-13T17:42:00.000-08:002009-02-13T17:42:00.000-08:00Dear Nocved,That 25 area was what is known in Mark...Dear Nocved,<BR/>That 25 area was what is known in Market profile terms as a Single Print. The market launched from there. Big buyers broke out from there. There was no two sided trading - just one directional movement. And it covered a large area from 25.25 to 30.75 before we began to see any rotation at all. <BR/><BR/>When the market returns to that area, there is a probability that that area will be defended by those big buyers. I liked this one a lot because there was also a volume area of initiated buying right below it that I could use for this for additional support. <BR/><BR/>I hope this clarifies.<BR/><BR/>MGMGTraderhttps://www.blogger.com/profile/17581339482166830245noreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-29475717199188811682009-02-13T15:43:00.000-08:002009-02-13T15:43:00.000-08:00HI How did you get those dots onto the prices wher...HI <BR/><BR/>How did you get those dots onto the prices where significant volume took place?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-38157385602381613302009-02-13T14:03:00.000-08:002009-02-13T14:03:00.000-08:00Hi MGEnjoy your postings. The 25 area you highligh...Hi MG<BR/><BR/>Enjoy your postings. The 25 area you highlighted held well today:) What is it about low volume areas that lends support?<BR/><BR/>Thanks<BR/>Tomnocvedhttps://www.blogger.com/profile/01787208430712982188noreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-36591590421936647782009-02-13T13:51:00.000-08:002009-02-13T13:51:00.000-08:00AJS,You assume correctly. However, there are defin...AJS,<BR/>You assume correctly. However, there are definitely times when I will just hop in on a retrace to an area of initiated activity if other things are there also. Today, I took a long trade on just such a retrace when there was developing value also in the same vicinity. <BR/><BR/>I didn't wait for the rev chart confirmation, I just jumped in (with a limit order)and took my chances. After entry, I then monitor the trade on the rev chart. The more evidence I have to support a trade with multiple supportive confluence(other key areas, market internals, etc.) the more likely I will just jump in. That's not to say that this is the best way. It is estimated that 70% of the time the market will give you a chance to enter with strong confirmation. That leaves 30% of the time the market will just take off and 'bye-bye'. <BR/><BR/>So, if a trade looks really good to me a may jump in aggressively. However, in general, I prefer to wait for delta confirmation.<BR/><BR/>Hope it helps,<BR/><BR/>MGMGTraderhttps://www.blogger.com/profile/17581339482166830245noreply@blogger.comtag:blogger.com,1999:blog-11660954588528207.post-82889158028315061182009-02-13T12:00:00.000-08:002009-02-13T12:00:00.000-08:00when you see a retracement to initiated activity, ...when you see a retracement to initiated activity, i assume that you do not trade off the 30-minute chart, but instead wait for the right entry (if one occurs), off the 5-tick reversal, is that right?mjohn5https://www.blogger.com/profile/02839200771991653041noreply@blogger.com