Mapping Your Voyage of Discovery - CQG.com

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Basic philosophiesIt is primarily used as a day trading tool for the vast majority of participantsHowever, for the experienced user, it can be used for all time horizons and has particularuse in managing strategic positions, and subsequent day trading within that core view. Thisoften involves the merging of more than one day’s activity in order to gain a clearerunderstanding of support and resistance.Often it is possible to eliminate one side of the marketThis is a huge plus when day trading, as it often dictates which side you can play from andremoves one third of the problem. Buy, sell, or do nothing. For example, the market has abullish set up, so I can only buy, and then sell partial amounts, before looking to re-establishthe entire long position.Initial Analysis goes back five daysThis is because the short-term trader can’t remember more than five days back. In fact,often the long-term trader can’t either. Can you remember the open/high/low/close in amarket you traded eight days ago? The reference of the past five days often provides veryprecise support and resistance levels, and it highlights correct levels for the placement ofstops and profit taking opportunities.Manipulation and MergingProfiles can be merged by holding down your left mouse in the scale at the bottom of thechart and dragging to the left. It will allow you to merge one day at a time. Whilst thesoftware defaults to 30-minute timeframe for each letter, it is possible to build a profile onany timeframe.Type : ,5cThis will produce six letters per 30-minute period and provides a greater degree of clarity ofmarket movements.This concept can be taken the other way to build much larger timeframe profiles, mergedays and then bring it back to the default.Type : ,DCOn a futures market, this will now produce a daily continuation. Each letter now representsa day’s range. There are three ways that data can be merged.
On this setting, the study will simply show the fixed Value Area High and Low, plus theControl Point based on the last data point, or for the close of previous days. They can beused for support and resistance.TPO Profile and Volume are defaulted not to show, but is an extremely useful indication ofboth volume based supports and resistances and in creating a link between time (TPO’s) andactual volume. It also usually provides an area of support and resistance that reflects thehigh volume point and the Control Point.Making the change to Dynamic mode shifts how the Value Area and Control are visualised.Normally it will default to using 5-minute data and will show how these references changedthroughout the trading day. This is extremely useful in understanding the dynamic of trenddays, as the trend is confirmed by Value moving with that trend. Dynamic conditions canalso be built in the Formula Toolbox, which is useful in overcoming the fact that the studycan look somewhat confusing.
Page 1 and 2: IntroductionStructure is everything
Page 3 and 4: have been enough. Through time, I b
Page 6 and 7: Part 1Basic Chart TypesConstant vol
Page 8 and 9: The 10-minute chart and the 25,000
Page 10 and 11: Profile® is that linking price, ti
Page 15 and 16: TFlow and Pre Trade AnalyticsTFlow
Page 17 and 18: This is how my TFlow is first displ
Page 19 and 20: SmoothedSmoothed use a proprietary
Page 21 and 22: This example highlights once more h
Page 23 and 24: What does Entry Signal Evaluator do
Page 25 and 26: Momentum IndicatorsThe vast majorit
Page 28 and 29: Slow StochasticsSlow Stochastics re
Page 30 and 31: This chart is half day of the Eurod
Page 32 and 33: Trend Lines and FibonacciThe need t
Page 34 and 35: PatternsIn many ways, patterns are
Page 36 and 37: FX is an area where no one looks fo
Page 38 and 39: DOJI’SThis the only Candlestick p
Page 40 and 41: Analysis from the Profile Area Tool
Page 42 and 43: Intraday Doji’s can be qualified
Page 44 and 45: The top itself was a Shooting Star
Page 46: Fundamental Analysis.How to interpr

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