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[manish9300]

Data difference is the reason behind getting different levels.Thanks psvajaji and xrayji.

 

[Vipul_84]

Great conclusions on MP :thumb:

Final steps of whole theory of MP in 3 bullets !!!

1. Define Previous day va's with weekly va's if major distance i trade swing trading or will remain as day trader.

2. Depending on open with gap out side va's failed auction is a possibility or open drive which only depends on first 30 min candle

3. If open is between va's then i will apply 80 % rule !!! offcourse look for distribution patterns of " p" ,"b" "B"

 

[Vipul_84]

Xray bro, you said you look only for three things that is previous day& week VA range, today's opening with respect to yesterday's VA range (if outside: two possibilities : failed auction or open drive) and third is opening inside range where we look for 80% rule.

That means current day's developing MP patterns has not much use for us because these current day's developing MP pattern can change considerabaly by EoD. So we use all MP details of yesterday. Is this right?

Final steps of whole theory of MP in 3 bullets !!!

1. Define Previous day va's with weekly va's if major distance i trade swing trading or will remain as day trader.

2. Depending on open with gap out side va's failed auction is a possibility or open drive which only depends on first 30 min candle

3. If open is between va's then i will apply 80 % rule !!! offcourse look for distribution patterns of " p" ,"b" "B"

 

[wisp]

Data difference is the reason behind getting different levels.Thanks psvajaji and xrayji.

not sure, I too have the same problem and I think XRAY bro and I are using the same data provider.

 

[XRAY27]

Xray bro, you said you look only for three things that is previous day& week VA range, today's opening with respect to yesterday's VA range (if outside: two possibilities : failed auction or open drive) and third is opening inside range where we look for 80% rule.

That means current day's developing MP patterns has not much use for us because these current day's developing MP pattern can change considerabaly by EoD. So we use all MP details of yesterday. Is this right?

Yes !!! Vipul bhai !!!

 

[XRAY27]

For Initial balance we consider first 60 min range.Is this IB time bracket same for daily profile, weekly profile and monthly profile?

Initial Balance or IB is 60 min range of current trading day !!! so it will be same for weekly/monthly/daily

 

[Vipul_84]

Thanks Xray bro. One range doubt I had was this. What we see all the time is that yesterday's High is always greater than VAH and low is less than VAL. That means always the yesterday's VA range is inside that day's range (Hihg - Low). Now if today's open happens beyond yesterday's VA range (say above VAH) but inside previous day's range (below yesterday's high), that means if the open is between VAH & YD High (or vice versa below VAL but above YD Low), in these cases are there any different considerations? Do we consider yesterday's day range (High-Low) at all or we are just bothered about the VA range?

Final steps of whole theory of MP in 3 bullets !!!

1. Define Previous day va's with weekly va's if major distance i trade swing trading or will remain as day trader.

2. Depending on open with gap out side va's failed auction is a possibility or open drive which only depends on first 30 min candle

3. If open is between va's then i will apply 80 % rule !!! offcourse look for distribution patterns of " p" ,"b" "B"

Yes !!! Vipul bhai !!!

 

[XRAY27]

Thanks Xray bro. One range doubt I had was this. What we see all the time is that yesterday's High is always greater than VAH and low is less than VAL. That means always the yesterday's VA range is inside that day's range (Hihg - Low). Now if today's open happens beyond yesterday's VA range (say above VAH) but inside previous day's range (below yesterday's high), that means if the open is between VAH & YD High (or vice versa below VAL but above YD Low), in these cases are there any different considerations? Do we consider yesterday's day range (High-Low) at all or we are just bothered about the VA range?

i'm not watching any High and Low of yesterday !!! just VA's are fine for me

 

[Vipul_84]

Thats clear, so range means JUST VA RANGE and nothing to do with H/L of yesterday :thumb:

i'm not watching any High and Low of yesterday !!! just VA's are fine for me

 

[Vipul_84]

August exp using Sep chart, but concept is same as explained by Xray bro
Market opened beyond VA range, but failed to crack first 30 min high and smoothly came down :clap:

Another Failed Auction setup : - Market opens gap up above previous day value area and as if looks like Open drive ,but fails by breaking low of first 30 mins candle and it will start a move towards downside to test value area's !!!!

NF on Aug expiry was good example !!!