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Auction Market Theory and Market Profile

  • #421
  • Feb 17, 2011 12:19am Feb 17, 2011 12:19am
Price did make it down to the developing value area. Technically, the next target would be the developing value area low, but the time of night could be a problem. Plus we are finding some support at the IBH. Not surprising since this is where the Initiative buying started from.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #422
  • Edited 1:05am Feb 17, 2011 12:54am | Edited 1:05am
I never feel so excited about the combination of VSA & AMT.

It is like playing squash against the wall.

Wish your many many no demand bar till US session.
  • #423
  • Feb 17, 2011 1:02am Feb 17, 2011 1:02am
Quoting HiddenGap
Price did make it down to the developing value area. Technically, the next target would be the developing value area low, but the time of night could be a problem. Plus we are finding some support at the IBH. Not surprising since this is where the Initiative buying started from.
interesting...just remembered your VA is based on profiles starting at London open - so i assume yesterday's profile is just about complete on your chart. I'm using profiles starting at Tokyo open, and my asian IBL coincides with your IBH.

i'm seeing some nice volume on the current drop down to DIBL at 3550, looks like some responsive buying coming in here. that level is this weeks developing VAH.
Change is the only constant
  • #424
  • Feb 17, 2011 1:27am Feb 17, 2011 1:27am
Quoting tgwhbb
interesting...just remembered your VA is based on profiles starting at London open - so i assume yesterday's profile is just about complete on your chart. I'm using profiles starting at Tokyo open, and my asian IBL coincides with your IBH.

i'm seeing some nice volume on the current drop down to DIBL at 3550, looks like some responsive buying coming in here. that level is this weeks developing VAH.
yup, buying looks starting there at 3550. On my chart 3550 is last 24 hrs POC and i called it MO (Maximum orders) level. You can see price back to the area where is Max Orders is starting for the last 24 hrs (i think this is a profit taking) and then buying developing again from that level. (sorry for my bad english).. love your sharing tgwhbb

KG
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  • #425
  • Feb 17, 2011 2:13am Feb 17, 2011 2:13am
Quoting HiddenGap
When it all comes together, or being right and sitting tight.

Here is a beautiful example of the power of both VSA and AMT. I wont say much about the VSA in this thread, but there is much to say about the AMT.

Check out the chart below.

Even though the trend for the day is down, this beautiful counter trend trade set up. Price moves down past yesterday's VAL into unfair low territory. Price is advertising at wholesale. On top of that, price is at unfair lows based on the developing profile as well. And as if that was not enough, price...
Wow, thank you very much for this perfect example. Very nice.
  • #426
  • Feb 17, 2011 2:44am Feb 17, 2011 2:44am
Quoting tgwhbb
double IB lines are almost always capping levels for the day/session. They are known as corporate capping areas as there is a large amount of reactive trading that occurs at those levels. For day traders, this represents the ideal place to enter or exit trades, as they also generally coincide with the previous day's value area high or low. I use VSA to confirm entry at these levels, and am trying to exit at those levels as well, although i still need to work on that as I still hold on too long looking for a breakout move. However, it is generally...
Great information, thanks man
  • #427
  • Feb 17, 2011 3:03am Feb 17, 2011 3:03am
High volume with a bar that being squeeze into a doji, and that level is also IBH level.

Not often see this kind of bar.
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  • #428
  • Feb 17, 2011 3:37am Feb 17, 2011 3:37am
Quoting Kang_Gun
yup, buying looks starting there at 3550. On my chart 3550 is last 24 hrs POC and i called it MO (Maximum orders) level. You can see price back to the area where is Max Orders is starting for the last 24 hrs (i think this is a profit taking) and then buying developing again from that level. (sorry for my bad english).. love your sharing tgwhbb

KG
keren kang...
...
  • #429
  • Feb 17, 2011 3:43am Feb 17, 2011 3:43am
Hi guys i'm new to AMT and VSA, all i can say is WOW...
price stalled at 3550 and reversed from there..just like what is shown on the AMT indicator charts..

this just showed me the potential of
looking at price action in this new way.. still very new and shall retreat back to lurk silently and learn 1st before i comment further..

good trading to all

** by the way anyone can PM me or direct me to the indicators for AMT?
i downloaded all in the attachment folders but not sure which one to use..
  • #430
  • Feb 17, 2011 3:48am Feb 17, 2011 3:48am
Quoting alexm
High volume with a bar that being squeeze into a doji, and that level is also IBH level.

Not often see this kind of bar.
Hi Alexm,

Thanks for the chart. May I ask which MP you have on your chart? It shows the important levels wich is really intresting...
Thx,
Mel
  • #431
  • Feb 17, 2011 4:34am Feb 17, 2011 4:34am
Base on my chart below... looks price fail to play above Value Area (-1 to +1) of last 24 hrs and last 120 hrs. MO (POC) last 24 Hrs move to 3560 (before 3550) it's indicate that accumulation volume is starting around this area. If price play below 3560 level i think price will play at Value Area of last 24 hrs... i don't know i just try to learn read MP... hope any expert help me

KG
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  • #432
  • Feb 17, 2011 5:04am Feb 17, 2011 5:04am
Quoting Goldtresor
Hey everybody,

very nice thread you got going here. I also use AMT as my core method of trading.
Im not sure if you came up with any ideas yet on the Initial Blance Period for 24hour markets but here is maybe an idea:
Personally what is most useful to me about the IB is the following information (based on the FDAX which is my main market):
The market makes either the high or low for the day in the first two hours of trading 70% of the time(I used 2 hours for the IB because the EUREX opens 1 hour before the german stockmarket but...
Also new here and VSA, this is gold and here are 2 examples from today so far. EU asian session high to 1.618 ext and GU i took from london low to 1.618 ext. EU i have long from london low also and waiting for TP.
Thanks Goldtresor, what exit criteria do you use?
Attached Image(s) (click to enlarge)
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  • #433
  • Edited 7:20am Feb 17, 2011 7:07am | Edited 7:20am
eu...

cant fall below 50% of Wednesday VA, which is around Tuesday VAH

if it can break yesterday VAH again... Feb 10th Virgin POC can be the target...

my friend said poc is a girl... lol

let see...
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...
  • #434
  • Feb 17, 2011 7:15am Feb 17, 2011 7:15am
Hi,

Just trying to figure out exactly how this can be used... I use VSA.

We use yesterdays value areas as potential entries extra? But what constitutes the value low and high? the high and low lines or something different... can someone explain please?
  • #435
  • Feb 17, 2011 7:18am Feb 17, 2011 7:18am
Quoting bandung
eu...

cant fall below 50% of Wednesday VA, which is around Tuesday VAH

if it can break yesterday VAH... feb 10 Virgin POC can be the target...

my friend said poc is a girl... lol

let see...
Nice...
  • #436
  • Feb 17, 2011 10:35am Feb 17, 2011 10:35am
Quoting Fudomyo
Here's a decent MT4 VPOC indicator, in case anyone here might find it useful. (if you only want the POC, VPOC levels to use in conjunction with other MP tools, just set the histogram colors to none)

cheers,

Fudo
So far I like this one the most, thanks for sharing.
Haven't had much time to play with different settings yet, only eye balled 70, 75, 80% for H and L and different beginning (00gmt, 5gmt=midnight est, 3am est).
I wish it could create also a developing levels intraday.
  • #437
  • Feb 17, 2011 12:24pm Feb 17, 2011 12:24pm
Hi Kang Gun,

If you do not mind me asking what platform and Indicators have you got there - looks sharp

hifx
  • #438
  • Feb 17, 2011 12:29pm Feb 17, 2011 12:29pm
Quoting tpr
So far I like this one the most, thanks for sharing.
Haven't had much time to play with different settings yet, only eye balled 70, 75, 80% for H and L and different beginning (00gmt, 5gmt=midnight est, 3am est).
I wish it could create also a developing levels intraday.
I like too, it does create developing day just set 'to build today' to true.

Update from earlier GU has gone to 261.8 ext, nice move. EU hitting resistance at asian high but im still holding for 1.3650.
http://www.forexfactory.com/showpost...&postcount=432
  • #439
  • Feb 17, 2011 1:52pm Feb 17, 2011 1:52pm
Quoting alexm
I never feel so excited about the combination of VSA & AMT.

It is like playing squash against the wall.
What do you mean?
  • #440
  • Feb 17, 2011 1:53pm Feb 17, 2011 1:53pm
Quoting Goldtresor
Hey everybody,

very nice thread you got going here. I also use AMT as my core method of trading.
Im not sure if you came up with any ideas yet on the Initial Blance Period for 24hour markets but here is maybe an idea:
Personally what is most useful to me about the IB is the following information (based on the FDAX which is my main market):
The market makes either the high or low for the day in the first two hours of trading 70% of the time(I used 2 hours for the IB because the EUREX opens 1 hour before the german stockmarket but the...
Wow, great to have you here. That is one bad ass post thank you very much
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