ES Trade plan for today image image

Surfing Risk Intraday - Volume Profile and Order flow

When I say stop run I just mean stops being hit, not necessarily intentionally. I only think in terms of profiles, sometimes I don't even have the candles up, and I definitely don't use vertical volume (volume per candle) for analysis. So I can only ...

Surfing Risk Intraday - Volume Profile and Order flow

What I mean is than in the case of a bullish run, a stop run is like artifical demand, price only went up because there was a bunch of stops located above the last swing high, the price needs to come back to the breakout area to find out if there is ...

Surfing Risk Intraday - Volume Profile and Order flow

Yep, another way to think of it is that if everyone was using limit orders (no one using market orders) the price would never move. Everyone would just be sat there on the bid (buyers) or the offer (sellers) looking at each other. It takes someone ...

Surfing Risk Intraday - Volume Profile and Order flow

Yes but the price trading back down to the breakout point is the result of the market 'needing' to auction the zone properly. When price broke higher we left behind very low volume meaning we know very little about the supply/demand in that area. ...

Surfing Risk Intraday - Volume Profile and Order flow

Market doing exactly what we expected, Filling in / Repairing the lack of volume from yesterdays breakout / stop run, as we push down to retest 1866.00 image

Surfing Risk Intraday - Volume Profile and Order flow

ES trade plan for today. Note we have AAPL and FB earnings after the bell today which are certain to be market moving. image image

Surfing Risk Intraday - Volume Profile and Order flow

Came within 1 tick of our first target for Longs, seeing a bit of downside pressure now. Volume is very weak across the board today, we're in holiday mode still

Surfing Risk Intraday - Volume Profile and Order flow

So the stops were run above 1865.00 finally, it was only a matter of time image

Surfing Risk Intraday - Volume Profile and Order flow

ES trade plan for today image image

Surfing Risk Intraday - Volume Profile and Order flow

Here's an update, We're back at 1865.00 as expected. I'd expect a stop run above here at some point, maybe even today while no ones watching image

Surfing Risk Intraday - Volume Profile and Order flow

As far as I know Sierra have their own data feed and they combine the two together for around $30-40 per month You'd be very hard pushed to get any decent data for less than that. I'm not sure what instruments they offer but all the major futures ...

Surfing Risk Intraday - Volume Profile and Order flow

Yeah when 'thin' volume is left behind on a directional move it represents a lack of trading akin to a stop run. We can also see this as an unfinished auction (because it was one sided). These gaps are often 'filled in' at some point by heavy ...

Surfing Risk Intraday - Volume Profile and Order flow

Yeah Here's two examples, 1) There is a very blunt/flat top to this profile meaning a lot of buyers (market orders) bought into the offers (limit orders) at the high. We sold off after the buyers ran out of bullets image 2) This profile is ...

Surfing Risk Intraday - Volume Profile and Order flow

No those charts look fantastic, The Volume nodes line up with mine which is the main thing. This is really encouraging, I may truly consider leaving IQFeed as I am paying a fortune apparently unnecessarily!

Surfing Risk Intraday - Volume Profile and Order flow

ES Trade plan image image

Surfing Risk Intraday - Volume Profile and Order flow

That's really unusual, a DOM and T&S is very standard now for the majority of platforms even the basic ones like NinjaTrader, even if it's just for order execution rather than analysis. I'd recommend getting a free simulator from any broker ...

Surfing Risk Intraday - Volume Profile and Order flow

Hey Dappa, will try to answer your question here briefly then come back on later with more detail if you need it First of all, Swing high points that are created by a lack of buying, are generally of much higher quality (more likely to hold) than ...

Surfing Risk Intraday - Volume Profile and Order flow

Trade plan for today image image

Surfing Risk Intraday - Volume Profile and Order flow

Hey Dave, thanks for the post 2 observations I'd make at this point, the charts do look somewhat messy but I think this is mostly due to all those red and green lines giving the 'birdcage' effect. Is it possible to reduce the sensitivity of those ...

Surfing Risk Intraday - Volume Profile and Order flow