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Auction Market Theory and Market Profile

  • #21
  • Jan 25, 2011 8:13pm Jan 25, 2011 8:13pm
Quoting alexm
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.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #22
  • Jan 25, 2011 9:23pm Jan 25, 2011 9:23pm
Quoting alexm
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.
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  • #23
  • Jan 25, 2011 9:40pm Jan 25, 2011 9:40pm
These series of MP video can help us to understand it faster.

http://www.cmegroup.com/education/in...marketprofile/
  • #24
  • Edited 1:14pm Jan 26, 2011 12:55pm | Edited 1:14pm
Quoting frankkn
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
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  • #25
  • Jan 26, 2011 1:18pm Jan 26, 2011 1:18pm
After getting stopped at BE price jumped directly to my former TP
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  • #26
  • Jan 26, 2011 8:47pm Jan 26, 2011 8:47pm
Still balancing and moving up
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  • #27
  • Jan 27, 2011 8:28am Jan 27, 2011 8:28am
Quoting frankkn
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.
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  • #28
  • Jan 27, 2011 9:12am Jan 27, 2011 9:12am
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
  • #29
  • Jan 27, 2011 9:18am Jan 27, 2011 9:18am
Quoting @mel
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.
  • #30
  • Jan 27, 2011 9:48am Jan 27, 2011 9:48am
Quoting @mel
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.
Attached File(s)
File Type: mq4 marketprofile-GH.mq4   5 KB | 6,359 downloads
  • #31
  • Edited 10:24am Jan 27, 2011 9:58am | Edited 10:24am
Quoting frankkn
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.
  • #32
  • Jan 27, 2011 10:15am Jan 27, 2011 10:15am
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
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  • #33
  • Jan 27, 2011 10:26am Jan 27, 2011 10:26am
Quoting @mel
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.
  • #34
  • Jan 27, 2011 10:36am Jan 27, 2011 10:36am
[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
  • #35
  • Jan 27, 2011 1:07pm Jan 27, 2011 1:07pm
[quote=@mel;4350344]
Quoting frankkn
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.
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  • #36
  • Jan 27, 2011 2:51pm Jan 27, 2011 2:51pm
TP hit
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  • #37
  • Jan 28, 2011 2:48am Jan 28, 2011 2:48am
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
  • #38
  • Jan 28, 2011 6:06am Jan 28, 2011 6:06am
Quoting @mel
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.
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  • #39
  • Jan 28, 2011 6:24am Jan 28, 2011 6:24am
[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
  • #40
  • Jan 28, 2011 7:43am Jan 28, 2011 7:43am
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
Change is the only constant
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