EMini Volume Profile Daytrading

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August 17,18 Setups & Triggers Part 2, Top Dog Setup

Posted by Editor on August 20, 2009

 

In this second part of the video reviewing August 17 and 18, we are further narrowing focus. We also begin to unfold another layer ofapplication of the tools at  our disposal, as we fine tune our entry and clarify our tirgger mechanism. In his clip, we examine one special chart setup which is ideal for shorter time frames and extremely precise and well defined low risk high reward entries, once we have identified favorable volume criteria and optimal price levels for the trade location.

The video reveals  the layout which is based on special indicators from Dr Barry Burns at Top Dog Trading. Barry offers a very effective training program which is bargain priced compared to most instructional programs out there, along with a very low priced set of indicators which provide a very readable “roadmap”of intraday price action. That will become apparent from viewing of this video, but of course, his program provides a lot more instruction for optimal usage of all of his strategies and tools. My emphasis here places more emphasis  on Market Profile, but as you will see his identification of Elliott Wave swings, and swing levels of support and resistance, along with his momentum and cycles studies, it is extremely “synergistic” to utilize his “trigger identifiers”, once my strategies have identified trade direction and the key levels for entry. The example here uses a 233 tick chart (NOTE: I made a mistake on the video, calling it a 480 tick chart, which I sometimes use. But this one is the 233 tick.)

Please study the chart below the video for more graphic detail of the fine points of the triggers.

more about “August 17&18 Emniprofiledaytrading Se…“, posted with vodpod
Aug18 09 Value test retest Wave1 n 2

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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2 Responses to “August 17,18 Setups & Triggers Part 2, Top Dog Setup”

  1. oliver said

    Please don’t take this the wrong way but your charts are a mess! I am loving the content you provide. I’ve been studying the Wyckoff Method and Market Profile thinking that they can work nicely together. I’m used to staring at pretty empty charts so its hard to look at your screen spaghetti:) Obviously it works for you and I feel like I have a much better understanding of MP thanks to you.

    I do have some questions for you. I see you use a 135, 15 and 8 minute chart as well as a 480 tick chart. Is there really much difference between a 15 and 8 minute chart? Also my OCD likes numbers that divide evenly into 405 (I would prefer a 5 minute chart). Also – the 480 tick number seems random – is there a reason there? Do you feel that in general tick based charts are better for fine tuning entry? I’m a little worried using tick charts as my Wyckoff training might not be as effective. Would a minute chart suffice?

    • Editor said

      Hi Oliver,

      I think 5 minute charts are fine. That is what I use to follow Delta reversals in the context of the bigger picture from the longer time frames.

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