F-Forex, Diary of a quant forex trader

Double distribution with last hour rally

Today the market was making a double distribution accepting lower prices but in the last hour of the trade the market rally to the upper first node of this previously formed distribution and closing there:

1169.75 a
1169.50 a
1168.50 a
1168.25 a
1168.00 a
1167.50 ab
1167.25 a
1167.00 a
1166.75 a
1166.50 a
1166.25 b
1166.00 a
1165.75 a
1165.50 ab
1165.25 b
1165.00 a
1164.75 b
1164.50 a
1164.25 0b
1164.00 b
1163.25 b
1163.00 b
1162.75 b
1162.25 b
1161.75 b
1161.50 b
1161.25 b
1161.00 b
1160.75 b
1160.50 f
1160.25 be
1160.00 ef
1159.75 ef
1159.50 ef
1159.25 ef
1159.00 efg
1158.75 ef
1158.50 bef
1158.25 efg
1158.00 cef
1157.75 cef
1157.50 eh
1157.25 befh
1157.00 cefgh
1156.75 cefh
1156.50 cdefg
1156.25 cegh
1156.00 dgh
1155.75 eh
1155.50 cdgh
1155.25 cdgh
1155.00 dh
1154.75 dh
1154.50 cdgh
1154.25 dgh
1154.00 cdgh
1153.75 cdg
1153.50 dg
1153.25 cdg
1153.00 cgh
1152.75 cgm
1152.50 cdg
1152.25 cg
1152.00 dgi
1151.75 m
1151.50 cgim
1151.25 cm
1151.00 m
1150.75 m
1150.50 c
1150.00 i
1149.75 im
1149.25 i
1148.75 im
1148.50 im
1148.25 i
1148.00 i
1147.75 m
1147.50 m
1147.25 i
1146.75 m
1146.50 ij
1146.25 ijm
1146.00 ijm
1145.75 i
1145.50 im
1145.25 i
1145.00 m
1144.75 i
1144.50 ij
1144.25 im
1143.50 m
1143.25 ijk
1142.75 km
1142.50 k
1142.25 jk
1142.00 j
1141.75 kl
1141.50 jk
1141.25 jk
1141.00 jkl
1140.75 jkm
1140.50 k
1140.25 jkl
1139.75 jkl
1139.50 jl
1139.25 k
1139.00 jl
1138.75 jl
1138.50 jkl
1138.25 jkl
1138.00 jk
1137.75 jkl
1137.50 k
1137.25 jkl
1137.00 jkl
1136.75 jl
1136.25 kl
1136.00 l
1135.25 l
1134.75 l
1133.75 l

Tags: double distribution, es trading, Market Profile, market rally, sp trading

Double distribution accepting lower prices

The market opened today at 1172 area, this is where the selloff of yesterday last hour ended. The ES wasn’t able to form volume at this yesterday levels so it is trying to form it today. As the market accept lower values it moves on to a range of prices between 1155 and 1158. This is again accepted and the market sell off to 1144. Finally this value is rejected and the market get back to an 1150 area closing there.

1178.25 a
1177.75 a
1177.25 a
1177.00 ab
1176.75 a
1176.50 a
1176.00 a
1175.75 a
1175.25 ab
1175.00 ab
1174.50 b
1174.25 ab
1174.00 be
1173.75 b
1173.50 abe
1173.25 e
1173.00 abe
1172.75 abef
1172.50 e
1172.25 aef
1172.00 0bef
1171.75 f
1171.50 e
1171.25 ae
1171.00 ae
1170.75 aef
1170.50 aef
1170.25 b
1170.00 g
1169.75 fg
1169.50 efg
1169.25 fgh
1169.00 cf
1168.75 bf
1168.50 cfgh
1168.25 cdfgh
1168.00 befg
1167.75 bcdfgh
1167.50 bcdfgh
1167.25 cdf
1167.00 cdfgh
1166.75 bcdeg
1166.50 ceg
1166.25 bcdgh
1166.00 cdegh
1165.75 cdgh
1165.50 bdgh
1165.25 cdegh
1165.00 cdh
1164.75 cdh
1164.50 cdh
1164.25 cdh
1164.00 dh
1163.75 h
1163.50 ch
1163.25 h
1162.00 h
1161.75 hil
1161.00 i
1160.75 il
1160.50 i
1160.25 i
1160.00 il
1159.75 il
1159.50 il
1159.25 il
1159.00 l
1158.75 i
1158.50 ik
1158.25 ik
1158.00 ik
1157.75 ikl
1157.50 ikl
1157.25 il
1157.00 ikl
1156.75 jkl
1156.50 jk
1156.25 jkl
1156.00 ijk
1155.75 jk
1155.50 ijklm
1155.25 ijk
1155.00 jl
1154.75 m
1154.50 km
1154.25 j
1154.00 j
1153.75 j
1153.50 m
1153.25 j
1152.75 j
1152.50 m
1151.25 m
1150.75 m
1149.75 m
1149.50 m
1149.25 m
1149.00 m
1148.25 m
1147.00 m
1146.00 m
1145.75 m
1145.50 m
1145.25 m
1145.00 m
1144.75 m
1144.25 m
1144.00 m

Tags: double distribution, double distribution profile, es trading, Market Profile, market selloff

Indecision in the ES

indecision dominated the market today.  the opening was lower then friday last value area of the double distribution, this lower prices was rejected at the opening and the market went to this friday value. Again the friday value was rejected and the market traded lower forming value down there. in the last hour of the trade the market unexpectedly rally and closed in the highs.

this last rally, could be caused by rumors of China buying Italy debt, it is not the first time this rumor is around as a possible solution for Europe problems but this was never confirmed. This rally was dangerous for a day trader as structure was telling that the market should return to its daily mean, this never happened.

the market profile of the day was a normal day in shape with extension to both sides of the range:

1155.75    m
1154.75    m
1154.25    m
1153.75    m
1153.25    m
1152.50    m
1150.50    b
1150.00    m
1149.50    m
1149.25    b
1149.00    b
1148.50    b
1148.25    m
1148.00    am
1147.75    bm
1147.50    b
1147.25    abm
1147.00    bm
1146.75    b
1146.25    m
1146.00    b
1145.75    b
1145.50    b
1145.00    am
1144.75    b
1144.50    m
1144.25    ab
1144.00    be
1143.75    e
1143.50    abm
1143.25    e
1143.00    abek
1142.75    bem
1142.50    abem
1142.25    be
1142.00    bcde
1141.75    bcdm
1141.50    bcdek
1141.25    cm
1141.00    aef
1140.75    cefkl
1140.50    acdelm
1140.25    adefk
1140.00    acg
1139.75    acefkl
1139.50    cdefhkl
1139.25    acdfghk
1139.00    cdfhk
1138.75    cdfgk
1138.50    acfhkl
1138.25    acfh
1138.00    acdfh
1137.75    cdfk
1137.50    acfh
1137.25    cdfghk
1137.00    adghk
1136.75    acdgkl
1136.50    cdfghkl
1136.25    adghl
1136.00    adghikl
1135.75    ghl
1135.50    acdghikl
1135.25    cdgil
1135.00    dgij
1134.75    dikl
1134.50    il
1134.25    ail
1134.00    aijkl
1133.75    jkl
1133.25    ij
1133.00    0ijk
1132.75    i
1132.50    ijk
1132.25    i
1132.00    ij
1131.75    ijk
1131.50    ij
1131.25    j
1131.00    ij
1130.75    j
1130.50    j
1130.25    j
1130.00    j
1129.75    j
1129.50    j

Tags: double distribution, es trading, europe debt, futures trading, Market Profile, market profile day trading, market profile trading

Lower double distribution in the E Mini S&P-500 Futures

Another day of value being accepted lower. In the morning market traded lower and accepted new value in the 1160-1165 area forming some volume. Then the market moved lower and formed more value in the 1145-1150 area. Finally at the end of the day the market tried to get lower, this prices were finally rejected and the market closed in the second double distribution area.

1168.50    c
1168.25    cd
1168.00    c
1167.75    c
1167.25    ac
1167.00    c
1166.75    ac
1166.50    cd
1166.25    bc
1166.00    bc
1165.75    0cd
1165.50    bcd
1165.25    bd
1165.00    bcd
1164.75    bcd
1164.50    bd
1164.25    ab
1164.00    abc
1163.75    abcd
1163.50    ab
1163.25    ab
1163.00    abd
1162.75    ab
1162.50    ab
1162.25    ab
1162.00    abd
1161.75    ab
1161.50    abd
1161.25    ad
1161.00    bd
1160.75    ab
1160.50    ad
1160.25    ad
1159.25    d
1158.75    a
1158.25    d
1157.75    e
1157.25    d
1156.75    e
1156.50    e
1156.25    de
1156.00    de
1155.75    e
1155.50    d
1155.25    e
1155.00    e
1154.75    h
1154.50    d
1154.25    e
1154.00    h
1153.50    h
1152.75    h
1152.25    h
1152.00    eh
1151.75    h
1151.25    eh
1151.00    eghm
1150.75    efhi
1150.50    h
1150.25    eim
1150.00    fghm
1149.75    efijm
1149.50    eim
1149.25    efhi
1149.00    efhij
1148.75    him
1148.50    fijm
1148.25    fghijm
1148.00    fijm
1147.75    efij
1147.50    eik
1147.25    egijk
1147.00    fgijm
1146.75    fgijk
1146.50    fgjkm
1146.25    gijk
1146.00    fgjk
1145.75    gj
1145.50    gkl
1145.25    gjkl
1145.00    gjlm
1144.75    gkm
1144.50    lm
1144.25    klm
1144.00    kl
1143.75    kl
1143.50    gklm
1143.25    kl
1143.00    kl
1142.75    k
1142.50    kl
1142.25    m
1141.75    l
1141.50    l

Tags: double distribution, Market Profile, markets in profile, value area

Double distribution accepting lower prices in the s&p

In the morning the market went to test yesterday highs at 1200. This levels were rejected by the market and the prices dropped and formed value in the 1190 area. For the afternoon with Bernake speech in the economic club of Minnesota  the market traded lower. This lower levels formed value and were accepted, market closed in the lows forming a double distribution market profile day. Value is moving lower:

1202.75    d
1202.50    d
1202.25    d
1202.00    d
1201.75    d
1201.50    cd
1201.25    e
1201.00    ce
1200.75    de
1200.50    d
1200.25    de
1200.00    de
1199.75    ce
1199.50    cde
1199.25    de
1199.00    cde
1198.75    ce
1198.50    ce
1198.25    ce
1198.00    cegh
1197.75    aceh
1197.50    cgh
1197.25    cegh
1197.00    fgh
1196.75    afh
1196.50    bcfh
1196.25    fgh
1196.00    abefgh
1195.75    abfh
1195.50    afh
1195.25    abfgh
1195.00    abefhi
1194.75    bcfgh
1194.50    abefgh
1194.25    fgi
1194.00    fg
1193.75    abefg
1193.50    bgi
1193.25    abfg
1193.00    bfi
1192.75    afi
1192.50    afg
1192.25    ab
1192.00    a
1191.75    bi
1191.50    ab
1191.25    ai
1191.00    aj
1190.75    abi
1190.50    bij
1190.25    abj
1190.00    0jm
1189.75    j
1189.50    bjm
1189.25    aij
1189.00    bijm
1188.75    ij
1188.50    ijkm
1188.25    bikm
1188.00    ijkm
1187.75    jkm
1187.50    jklm
1187.25    ijkm
1187.00    ijkl
1186.75    km
1186.50    ijklm
1186.25    iklm
1186.00    jl
1185.75    klm
1185.50    jklm
1185.25    m
1185.00    jlm
1184.75    l
1184.50    l
1184.25    l
1183.50    l
1183.25    l
1183.00    l
1182.75    l
1182.50    l

Tags: double distribution, double distribution market profile, es market profile, Market Profile, sp market profile

Double Distributions in lower S&P Market.

As employment data was released today with very bad numbers we were expecting more lower auctions for today. After testing the opening levels the market was ready to trade lower in the afternoon and find some value down there.

1184.75 e
1184.50 f
1184.25 ef
1184.00 bde
1183.75 def
1183.50 bdf
1183.25 bef
1183.00 def
1182.75 abdef
1182.50 bde
1182.25 bdefg
1182.00 befg
1181.75 bdefgh
1181.50 abdeg
1181.25 abdfgh
1181.00 abcg
1180.75 abdegh
1180.50 bdh
1180.25 bcdh
1180.00 abcd
1179.75 ach
1179.50 acdh
1179.25 i
1179.00 abchi
1178.75 0ch
1178.50 chij
1178.25 achi
1178.00 achi
1177.75 achij
1177.50 chij
1177.25 cij
1177.00 cij
1176.75 aij
1176.50 aci
1176.25 aijm
1176.00 j
1175.75 acjm
1175.50 m
1175.25 am
1175.00 m
1174.75 m
1174.25 jm
1174.00 jm
1173.75 jm
1173.50 jm
1173.25 jm
1173.00 jkm
1172.75 jkm
1172.50 jm
1172.25 jklm
1172.00 klm
1171.75 klm
1171.50 kl
1171.25 klm
1171.00 kl
1170.75 kl
1170.50 kl
1170.25 l
1170.00 kl
1169.75 kl
1169.50 l
1169.25 l
1169.00 l

Tags: double distribution, employment data, Market Profile, markets in profile, unemployment

double distribution day in the s&p

Today we saw a double distribution day, the market opened at friday value, traded at that value in the first trading hours showing balance. For the noon the market moved up and traded at new value closing in the highs and creating the double distribution.

High of the day: 1280.00
Low of the day: 1262.50

Amplitude: 17.5 handles

1280.00 k
1279.50 k
1279.25 kl
1279.00 kl
1278.75 kl
1278.50 jklm
1278.25 jklm
1278.00 jlm
1277.75 jlm
1277.50 jlm
1277.25 jl
1277.00 jm
1276.75 jm
1276.50 jm
1276.25 jm
1276.00 m
1275.75 jm
1275.50 jm
1275.00 m
1274.75 f
1274.50 h
1274.25 fgh
1274.00 fgh
1273.75 efghi
1273.50 efghi
1273.25 efghij
1273.00 cefghi
1272.75 cefhi
1272.50 cdfhi
1272.25 cdei
1272.00 bcdehi
1271.75 bcdei
1271.50 bcdei
1271.25 ce
1271.00 bcde
1270.75 bd
1270.50 bd
1270.25 bde
1270.00 de
1269.75 d
1269.50 bd
1269.25 b
1268.75 ab
1268.50 a
1268.25 ab
1268.00 ab
1267.75 a
1267.50 b
1267.25 ab
1267.00 ab
1266.75 a
1266.50 a
1266.25 a
1265.75 a
1264.50 a
1264.25 0a
1264.00 a
1263.75 a
1263.50 a
1262.75 a
1262.50 a

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Tags: double distribution, double distribution day, market profile charts