FXSurfer's Notebook

Just want to start a new journal that starts off fresh from where I am now.

I'm currently working with Steidlmayer's Market Logic and Market Profile as the theoretical premise and foundation of my approach. I'm quite excited and enthusiastic about the way things are proceeding and really recommend Stiedlmayer's "Markets & Market Logic" to anyone who is even a bit curious. Definitely money and time well spent.

I have to say that I frequently receive PM's asking me about previous methods and groups that I've been associated with. "Am I still trading this way", "why did I leave", etc. I'm not interested in discussions about the past. Just because an approach works or doesn't work, or is suited or ill-suited for one person means nothing to anyone else. Please just check things out on your own - it's the only way that you can do it. Never place too much value on the word of someone else who either touts the merits of or decries a method etc. Think for yourself.

Now, since this is my little corner of the forum, I can recommend that you check out Stiedlmayer's approach to attaining a market understanding but, that's it. You have to take it from there - best of luck! I really mean it!


Brent

Here's a thread where you can post questions and observations:
http://www.forexfactory.com/showthread.php?t=38423

It's amazing to me how much you can see of the Market Logic theory in action with just the Value Area added to your chart. Maybe all that is needed, really.

I've also tried it with just a Bollinger Band and it comes really close, as it should, to the MP derived VA. I like the box presentation best but, on charts that don't have it, like Oanda, I just use simple Bollinger Bands for the VA.

Same chart with BB. Comes out the same, for the most part, as the Ninja Calculate Value Area indy. I still like the CVA box presentation the best. One nice part about having them both on the chart is that you can see recent VA drift with the BB's.

Here's a quote from Markets & Market Logic that I'll use as my sig for a bit:

"...concentrate on the present situation and on visualizing an unfolding market."

I'll put references to Auction Theory in this post and add to it as I find more.


Auction Market Theory
http://www.cisco-futures.com/Auction_Market_Theory.html




Auctions: Theory and Practice
The Toulouse Lectures in Economics
http://www.nuff.ox.ac.uk/users/klemp...CoverSheet.asp

Playing around with different ways to graphically represent Value/Price.

Holy crap! I'm glad that I already own a copy of M&ML.
Apparently there aren't that many copies around and the
price on the ones for sale ain't cheap.

http://www.amazon.com/gp/offer-listi...4620423&sr=1-5

Reading Steidlmayer's basic auction theory of how the market moves in order to facilitate trade and find fair value, it reminded me of this by Darkstar:

BTW: I'm still sticking with the "rolling" type profile for data organization/presentation. Really the easiest way to apply the theory IMO.

Then again... the original is fine too.

This article's title just caught my eye...as the antithesis of the Market Logic approach of not predicting but, gauging and reading the market as it trades:

USD/CAD resistance should hold, AUD/USD...

Okay, I'm going to risk jinxing myself by saying that things are going pretty well as far as developing a beginning level ability to read the market as it develops a la Steidlmayer's Market Logic.

What's working is sticking to the absolute basic theory on real-time market flow.

I have built a small shrine. Perhaps a bit over-the-top.

Another setup using BB's on Oanda charts.
No more bars or candles on any of my chart
setups. One less distraction.

Same setup with Ninja/MBT.

So I've gotten two out of print and really expensive Steidlmayer books from my local library via Inter-Library Loans. They borrowed them on my behalf through the World Cat system: http://www.worldcat.org/

May be worth a try where you live to try and get something you'd like to study but is either really hard to find, really expensive or both.

Here's a card that I made for myself that I have found helpful.
Helps me keep what's really basic constantly in mind:

Same diagram as a nice wallpaper:

Greetings!
How much did u buy it for?
Can i buy yours for $50? just kidding..
Nice 'notebook', btw