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Power levels trading


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Guede, one quick question. Or anybody. Question is quite ****** sorry but I feel a liitle bit confusion. Here are our powers for today. Can You tell how should I read it ? what is queque ? how the price will go through the levels ? OR we can not ? Thank You http://img221.imageshack.us/img221/4117/whichc.th.png

 

Hi Hakim314. This has been explained a few posts ago. http://i56.tinypic.com/2a6111d.jpg

But maby we can create a room to trade live this lines, like here in this site they trade live ES. http://www.livestream.com/daytraderrockstar

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Guys, today is a NFP release as I remember.

Could You make a screen after this release with powers on chart ?

Pls PM it to me or paste it here. It would be rocket :) if my dream came true. If the NFP is out of our levels... then what ? price comes back to actual levels ?

 

Unfotunately I won't have an access to the platform today.

 

Thank You

 

@Beast: I send You PM, and I post my VSA indis asap.

@Copy: my script does not plot ANY line on UJ with no problem on first two. Any idea why ?

@Guedejunior: Thank You my friend. So we me must choose or connect PA, VSA and powers. I also found on my previous chart, that the Thicker The line of powers is the more magnetic is :) so the price can slightl touch the weakest line to execute the order and goes further to the Thicker lines.

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VSA backpack :)

 

Finally, I have an access to the internet.

Pls look inside.

The MOST important from my point of view IMHO is:

VSA Signal - it plots symbols under and above actual bars and

Better Volume 1.4 - It's the same in fact, but maybe will be more suitable instead of. Description of BV is in the internet. The most important signs (pls correct me if I'm wrong) is:

Upthrust - expected short, usually on the top of the bully rail with excellent Market news,

Shake-out - it's scaling the market by proffesionals to literally shake-out buyers, before proff go long.

Down-bar, Up-bar - usually on the top and bottom of rally: characteristic sign is CLOSE (VSA concentrates only on close) below previous close bar - expected reverse.

Buying / Selling Climax - reverse.

 

VSA is a huge concept, but You have a good lecture below :)

VSA is MORE accurate on bigger TF.

 

Just include to Your chart the VSA Signals and Better and OBSERVE how the market behave, after a day You will know. The rest of materials are widely described in the internet, that's why I wont put it here if You dont mind.

http://www.multiupl00ad.com/KXAG2OGK7O

Edited by Hakim314
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By the way, if You add Market Facilitation Index by Williams Indis included to MT4 from the upper menu icon, You can have overview WHICH part pumps the money in actual bar.

Blue - money makers,

Green - public, We

Red - Even forces

Yellow - I dont know :-) but these 3 are most important.

 

Especially You can see how candles change the direction in the crucial moments.

 

Now we can read the Whole Tape.

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Finally, I have an access to the internet.

Pls look inside.

The MOST important from my point of view IMHO is:

VSA Signal - it plots symbols under and above actual bars and

Better Volume 1.4 - It's the same in fact, but maybe will be more suitable instead of. Description of BV is in the internet. The most important signs (pls correct me if I'm wrong) is:

Upthrust - expected short, usually on the top of the bully rail with excellent Market news,

Shake-out - it's scaling the market by profesionals to literally shake-out buyers, before proff go long.

Down-bar, Up-bar - usually on the top and bottom of rally: characteristic sign is CLOSE (VSA concentrates only on close) below previous close bar - expected reverse.

Buying / Selling Climax - reverse.

....

http://www.multiupl00ad.com/KXAG2OGK7O

 

I wrote the VSA signals MT4 code - here's the latest version. A couple of bug fixes since VSA Signals 1.01.

 

VSA Signals 1.02 - http://mir.cr/1RM9ADRC

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It seems that because of independence day in US, we dont have powers for today and the previous are in charge.

 

1) So in case of similar situation, it should repeat the powers from the day before cause it seems they are still valid. Am I right ?

 

2) what time exactly we receive NEW datas for plot new levels ? 00:01 ?

3) if the US market is closed, is there no other datas i.e. from European market that can plot the lines ?

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Does anyone know how to calculate these power levels for TF (emini russell 2000), YM, NQ and ES ?

 

Or at least know where to get the open interest and settle of those symbols above ?

(which is similar data page from CME site)

Thanks in adv.

 

 

I try these links but no can make work like others doing with Forex. To get best Futures open interest value, Which time is best for data grab?

 

Emini SNP

---------

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html

 

Emini DOW

---------

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-dow.html

 

Emini NASDAQ

---------------

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-nasdaq-100_quotes_globex.html

 

RUSSEL INDEX OPTIONS

----------------------

http://www.nasdaq.com/aspxcontent/options.aspx?symbol=RUT&selected=RUT

 

 

Maybe can also try ETF option chains as proxy for futures? QQQQ chain as proxy for NQ, SPY chain for SnP, DIA for YM. You think is good idea?

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Another Good lession for today :)

 

[url=http://img268.imageshack.us/i/toady.png/][img=http://img268.imageshack.us/img268/2268/toady.png][/url]

 

http://img268.imageshack.us/img268/2268/toady.th.png

 

@bd vest - I do not really know, I play on MT4, not even mt5. But BetterVolume should be for NT. It's the same as VSA Signals but in other visualization form.

 

I apologize if You dont see my pics, I dont how to paste it to be visible as a part of post.

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