Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Discussion (https://www.forexfactory.com/forumdisplay.php?f=11)
-   -   Auction Market Theory and Market Profile (https://www.forexfactory.com/showthread.php?t=277528)

frankkn Jan 22, 2011 11:29am | Post# 1

Auction Market Theory and Market Profile
 


AMT resources

James Dalton Videos:
http://vimeo.com/user4051895/videos (A must)

James Dailton daily blog
http://jamesdaltontrading.com/blog/

Alex Benjamin VIDEOS:
http://www.tradingclinic.com/mp201/m...min_021705.wmv

MP101 & MP102 free)

http://www.tradingclinic.com/mp201/m...min_021705.wmv
http://www.tradingclinic.com/downloa...edia/MP102.wmv

MP103
Not free but, clicking on the following link will give you access to a free 3 hour presentation.
http://www.tradingclinic.com/oneoff/...l20080606.html

Father of MP - Peter_Steidlmayer (classics)
http://www.4shared.com/document/WA5J...-_On_Marke.htm
http://www.4shared.com/document/vm01..._Markets_.html

Robin Mersch Strategy
http://www.cmegroup.com/education/in...t-profile.html http://www.forexfactory.com/images/buttons/forward.gif

---------

  1. http://www.4shared.com/office/ivp7jU...r_Markets.html
  2. http://www.4shared.com/office/86LvWx...__Jones_E.html



Wisdom from mzvega:
http://www.forexfactory.com/showthre...49#post6313549

Bandung latest profile indi (non session) :
http://www.forexfactory.com/showthre...52#post5310452

updated Session indi:
http://eyesfx.web44.net/2011/10/mark...icator-update/

Indiconfig tips for GMT & session profiles
http://www.forexfactory.com/showthre...69#post5332069


seagreen Jan 22, 2011 11:59am | Post# 2

I'm curious, how many of you use Auction Market Theory or Market Profile in your trading?

Here is a recent trade from this past week. This is a 5m EU chart....
POC is supposed to show where most trading has occured during the day. As the markets become thin there's not much action and the chart simply prints more "unnecessary" 5min bars in the same range. So what I would suggest is using futures volume data for constructing your POC, at least it would be more accurate.

frankkn Jan 22, 2011 12:12pm | Post# 3

POC is supposed to show where most trading has occured during the day. As the markets become thin there's not much action and the chart simply prints more "unnecessary" 5min bars in the same range. So what I would suggest is using futures volume data for constructing your POC, at least it would be more accurate.
Worked here

Edit: this is the buying climax and subsequent drop in regard to the last chart.
http://cdn.forexfactory.com/attachme...2&d=1295491395

frankkn Jan 22, 2011 12:13pm | Post# 4

Worked here
And here. Also at demand as well. You can see that earlier price had bounced off of the unfair high (in blue).

http://cdn.forexfactory.com/attachme...5&d=1295568897

CindyXXXX Jan 22, 2011 12:19pm | Post# 5

POC is supposed to show where most trading has occured during the day. As the markets become thin there's not much action and the chart simply prints more "unnecessary" 5min bars in the same range. So what I would suggest is using futures volume data for constructing your POC, at least it would be more accurate.
Either that or simply defining the parameters to the high volume sessions. I've used Futures volumes for the last year for the same info and whilst its a great tool you can literally see these max vol points on a naked price chart just like how Frankkns doing in the above. But for accuracy - CME data couldn't hurt of course.

frankkn Jan 23, 2011 12:15pm | Post# 6

Here is the best info on AMT that I've found so far.

http://www.cisco-futures.com/amt_theory.html

frankkn Jan 23, 2011 12:26pm | Post# 7

Here is another, briefer, read.

http://www.seputarforex.com/ebook/Ma...ile_Basics.pdf

HiddenGap Jan 23, 2011 9:11pm | Post# 8

Here is the best info on AMT that I've found so far.

http://www.cisco-futures.com/amt_theory.html
Great stuff.

Some others:

1. James Dalton's books and website.
2. CBOT MP manual
3. Institute of Auction Market Theory (IOAMT)
4. BalanceTrader.com

An easy thing to do is google Market Profile videos there is a ton of stuff that comes up. Not all great, not all bad.

HiddenGap Jan 23, 2011 9:23pm | Post# 9

A good place to start is at the begining.

The market is a dual auction process. It moves from balance to imbalance and back to balance again.

frankkn Jan 23, 2011 9:41pm | Post# 10

Great stuff.

Some others:

1. James Dalton's books and website.
2. CBOT MP manual
3. Institute of Auction Market Theory (IOAMT)
4. BalanceTrader.com

An easy thing to do is google Market Profile videos there is a ton of stuff that comes up. Not all great, not all bad.
Thank's a million. I'll be devouring these between school/work.

Just watched this
http://www.balancetrader.com/main/bt-outlook/

Awesome, awesome. I can really get down on this shit, thanks HG

HiddenGap Jan 23, 2011 9:55pm | Post# 11

Thank's a million. I'll be devouring these between school/work.

Just watched this
http://www.balancetrader.com/main/bt-outlook/

Awesome, awesome. I can really get down on this shit, thanks HG
Spent all weekend going thru the videos on balancetrader. Love is work. I have to get Ninja Trader and Fin algo now.

frankkn Jan 23, 2011 10:12pm | Post# 12

1 Attachment(s)
I don't have any way of getting VAH or VAL but here are some eyeballed levels.
Click to Enlarge

Name: j23a.jpg
Size: 53 KB

HiddenGap Jan 23, 2011 10:35pm | Post# 13

Levels
 
1 Attachment(s)
Here are the levels I am watching.

They are not based on Value Area Highs and Lows or POCs. These are the "clusters" or areas where the market was balanced.
Click to Enlarge

Name: Current1.png
Size: 115 KB

HiddenGap Jan 23, 2011 10:50pm | Post# 14

2 Attachment(s)
These were not taken but are based on the Balance Area concept.

The first thing is that we want to trade with trend. We know the trend is up because we broke out of a balance area to the upside and have not traversed back through it.

On my previous post, the blue area is the area in question. The black lines represent friday's balance area so ignore for this post. Because the up auction continues, we would only be looking to get long. I'll leave the VSA for the VSA thread, but you can see some places to enter long in the support area (Balance Area).
Click to Enlarge

Name: ex1.png
Size: 120 KB
Click to Enlarge

Name: ex2.png
Size: 117 KB

frankkn Jan 24, 2011 6:23pm | Post# 15

1 Attachment(s)
On Mondays I'm too busy to trade because of school/work. Tomorrow I'll be looking for longs in these areas if I can find a good entry.
Click to Enlarge

Name: j24a.jpg
Size: 42 KB

frankkn Jan 24, 2011 7:01pm | Post# 16

2 Attachment(s)
First is a monthly chart of /es showing supply and second is a 30m showing a gap down, but price wasn't able to break this balance area.
Click to Enlarge

Name: j24b.jpg
Size: 80 KB
Click to Enlarge

Name: j24c.jpg
Size: 73 KB

alexm Jan 25, 2011 6:11am | Post# 17

Subscribed

Keep it coming buddy.

frankkn Jan 25, 2011 9:57am | Post# 18

3 Attachment(s)
Subscribed

Keep it coming buddy.
The first chart shows (EU) price arriving at my closest balance area. Next is 15m buying then a High volume shake out that was revisited before price moved. The third chart is a 5m showing the bar I entered on. I'm moving my stop to BE at +25 and my TP is at +50 just below 1.3650.
Click to Enlarge

Name: j25b.jpg
Size: 49 KB
Click to Enlarge

Name: j25c.jpg
Size: 100 KB
Click to Enlarge

Name: j25a.jpg
Size: 90 KB

frankkn Jan 25, 2011 10:25am | Post# 19

1 Attachment(s)
The first chart shows (EU) price arriving at my closest balance area. Next is 15m buying then a High volume shake out that was revisited before price moved. The third chart is a 5m showing the bar I entered on. I'm moving my stop to BE at +25 and my TP is at +50 just below 1.3650.
Price came back down to one pip above my stop before reversing to my TP.
Click to Enlarge

Name: j25d.jpg
Size: 93 KB

alexm Jan 25, 2011 8:21pm | Post# 20

MP Outlook for currency from CME
 
Have a look at this link. May be we can discuss it further here.

http://www.cmegroup.com/education/fi...11-Edition.pdf

HiddenGap Jan 25, 2011 9:13pm | Post# 21

Have a look at this link. May be we can discuss it further here.

http://www.cmegroup.com/education/fi...11-Edition.pdf
Thanks a lot. Let's keep this thread alive.

frankkn Jan 25, 2011 10:23pm | Post# 22

1 Attachment(s)
Have a look at this link. May be we can discuss it further here.

http://www.cmegroup.com/education/fi...11-Edition.pdf
Hey alexm thanks a lot for the material. I'll go through it later on, just got home from a grueling estate planning exam.

Here's a TPO of EU, price never made it to the major balance area (red), but there was a nice bounce off off the smaller one. In yellow I've highlighted a minor area that I wouldn't expect to hold but I'm highlighting it anyway just to take note of it.
Click to Enlarge

Name: j25e.jpg
Size: 49 KB

alexm Jan 25, 2011 10:40pm | Post# 23

These series of MP video can help us to understand it faster.

http://www.cmegroup.com/education/in...marketprofile/

frankkn Jan 26, 2011 1:55pm | Post# 24

2 Attachment(s)
Hey alexm thanks a lot for the material. I'll go through it later on, just got home from a grueling estate planning exam.

Here's a TPO of EU, price never made it to the major balance area (red), but there was a nice bounce off off the smaller one. In yellow I've highlighted a minor area that I wouldn't expect to hold but I'm highlighting it anyway just to take note of it.
Got home from work and I noticed that price had come back to the highlighted area. I saw stopping volume at yesterday's POC, and unfair low of today, and waited to get in on a no supply.

Because it's late in the day (after 1:30pm eastern) I'm moving my stop to BE at ~+15. My TP (1.3690) is just just under a supply level and today's POC.

The first chart shows the highlighted area, the second shows my no supply.

Edit: Stopped at BE
Click to Enlarge

Name: j26a.jpg
Size: 109 KB
Click to Enlarge

Name: j26b.jpg
Size: 53 KB

frankkn Jan 26, 2011 2:18pm | Post# 25

1 Attachment(s)
After getting stopped at BE price jumped directly to my former TP
Click to Enlarge

Name: j26d.jpg
Size: 90 KB

frankkn Jan 26, 2011 9:47pm | Post# 26

1 Attachment(s)
Still balancing and moving up
Click to Enlarge

Name: j26e.jpg
Size: 64 KB

frankkn Jan 27, 2011 9:28am | Post# 27

1 Attachment(s)
Still balancing and moving up

London got to see the bounce today. This week, price has been retracing to these balance areas very nicely, I really like them.
Click to Enlarge

Name: j27a.jpg
Size: 50 KB

@mel Jan 27, 2011 10:12am | Post# 28

Market profile
 
Hi guys,

Thx for opening up this thread. I am also intrested in AMT and was searching on the internet for some info.

I have found some videos about market profile lessons, you can find them here:

http://www.tradethemarkets.com/public/3618.cfm

http://www.tradethemarkets.com/public/3621.cfm

http://www.tradethemarkets.com/public/3630.cfm

http://www.tradethemarkets.com/public/3634.cfm

I am trying to test the market profile indicator on mt4... Does anyone use it?
Is it reliable on mt4?

Thanks,
Mel

frankkn Jan 27, 2011 10:18am | Post# 29

Hi guys,

Thx for opening up this thread. I am also intrested in AMT and was searching on the internet for some info.

I have found some videos about market profile lessons, you can find them here:

http://www.tradethemarkets.com/public/3618.cfm

http://www.tradethemarkets.com/public/3621.cfm

http://www.tradethemarkets.com/public/3630.cfm

http://www.tradethemarkets.com/public/3634.cfm

I am trying to test the market profile indicator on mt4... Does anyone use it?
Is it reliable on mt4?

Thanks,
Mel...
Thanks for posting resources.

I use MP on MT4 and I think it's super. You can even see a couple examples on this page.

alexm Jan 27, 2011 10:48am | Post# 30

1 Attachment(s)
Hi guys,

Thx for opening up this thread. I am also intrested in AMT and was searching on the internet for some info.

I have found some videos about market profile lessons, you can find them here:

http://www.tradethemarkets.com/public/3618.cfm

http://www.tradethemarkets.com/public/3621.cfm

http://www.tradethemarkets.com/public/3630.cfm

http://www.tradethemarkets.com/public/3634.cfm

I am trying to test the market profile indicator on mt4... Does anyone use it?
Is it reliable on mt4?

Thanks,
Mel...
Hi Mel,

I found this one which is quite good, you can view 5 days forex MP and previous day value area in it. Do let me know what you think.

On Gold/Usd you can even see 6 day data.
marketprofile-GH.mq4

alexm Jan 27, 2011 10:58am | Post# 31

London got to see the bounce today. This week, price has been retracing to these balance areas very nicely, I really like them.
Hi Frankkn,

Yes I saw it too and the balance area (POC) really work amazingly accurate, with the help of VSA I think both of them are excellent combination.

BTW, do you have any article of using market profile for Entry, Stop loss and Take Profit?

Appreciate you can share it here.

@mel Jan 27, 2011 11:15am | Post# 32

Thank you
 
1 Attachment(s)
Thanks Alexm for the indi. It looks good on my chart....
I had also already found another one here on ff and the levels are the same.

Here is the eur today:

thx again,
Mel
Click to Enlarge

Name: eur.gif
Size: 17 KB

alexm Jan 27, 2011 11:26am | Post# 33

Thanks Alexm for the indi. It looks good on my chart....
I had also already found another one here on ff and the levels are the same.

Here is the eur today:

thx again,
Mel
You are most welcome I think the level with date is a better one.

@mel Jan 27, 2011 11:36am | Post# 34

[quote=frankkn;4349982]Thanks for posting resources.

I use MP on MT4 and I think it's super. You can even see a couple examples on this page

Hi Frankkn,

Thanks for your reply, As I see it the market profile is very accurate, really especially today on the eur .... I am speechless! lol

I was wondering if you use market profile on a weekly or monthly basis?

I don't even know if it is available.... Anyway, if someone have it, I will appreciate if you can share it.

Regards,
Mel

frankkn Jan 27, 2011 2:07pm | Post# 35

2 Attachment(s)
[quote=@mel;4350344]
Thanks for posting resources.

I use MP on MT4 and I think it's super. You can even see a couple examples on this page

Hi Frankkn,

Thanks for your reply, As I see it the market profile is very accurate, really especially today on the eur .... I am speechless! lol

I was wondering if you use market profile on a weekly or monthly basis?

I don't even know if it is available.... Anyway, if someone have it, I will appreciate if you can share it.

Regards,
Mel
Hey Mel,

I don't really use profiles on anything larger than the daily, however I would imagine it could provide some useful info.

The first chart shows buying at demand, the second shows potential supply, stop to BE at +30. I'm targeting the level of supply to the left.
Click to Enlarge

Name: j27c.jpg
Size: 111 KB
Click to Enlarge

Name: j27dd.jpg
Size: 100 KB

frankkn Jan 27, 2011 3:51pm | Post# 36

1 Attachment(s)
TP hit
Click to Enlarge

Name: j27e.jpg
Size: 71 KB

@mel Jan 28, 2011 3:48am | Post# 37

Frankkn
 
Hi Frankkn,

I have read the thread yesterday, I took a look at all the charts that you have posted and there is one question that I would like to ask you.

How do you define the demand and supply area that you mark on you chart?
Are they just the area on MP where we see the unfair highs/lows ?

Thanks,
Mel

alexm Jan 28, 2011 7:06am | Post# 38

1 Attachment(s)
Hi Frankkn,

I have read the thread yesterday, I took a look at all the charts that you have posted and there is one question that I would like to ask you.

How do you define the demand and supply area that you mark on you chart?
Are they just the area on MP where we see the unfair highs/lows ?

Thanks,
Mel
Hi Mel,
Demand come in when people start buying, supply come in when people start selling.

again this is my EUR/USD chart today. Price touch the wednesday POC and bounce up again, amazingly accurate. To add VSA in is when bounce up from POC level then look for No Supply down bar and place a buy order above there.
Click to Enlarge

Name: 14.gif
Size: 55 KB

@mel Jan 28, 2011 7:24am | Post# 39

[quote=alexm;4352691]Hi Mel,
Demand come in when people start buying, supply come in when people start selling.

Thank you Alexm,

I agree that was a very nice trade.
Cheers,
Mel

tgwhbb Jan 28, 2011 8:43am | Post# 40

EU
 
Hi,

i've started using/learning AMT and trying to use it in combination with VSA like many on this thread. I thought i'd share a post of my thoughts on EU. It looks like we may be ready for a correction to the 3460 area. Feedback encouraged!

http://www.forexfactory.com/showpost...ostcount=10837


© Forex Factory