Auction Market Theory and Market Profile | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Auction Market Value Theory & Analytics 1,757 replies

market Theory 101 Supply and Demand,Market Cycles 7 replies

Market Profile And Volume Profile MT5 7 replies

MarketProfile/Volume Profile/Auction Market Theory indi? 17 replies

Market profile trader-Merged profile 0 replies

Attachments: Auction Market Theory and Market Profile
Exit Attachments

Auction Market Theory and Market Profile

  • #101
  • Feb 2, 2011 4:36pm Feb 2, 2011 4:36pm
Quoting HiddenGap
http://www.traderkingdom.com/market-...lanced-markets
Nice
  • #102
  • Feb 2, 2011 4:53pm Feb 2, 2011 4:53pm
My POC is now 1.38038. I like to keep my start of day for that at Tokyo Open.
  • #103
  • Feb 2, 2011 5:01pm Feb 2, 2011 5:01pm
Quoting HiddenGap
http://www.traderkingdom.com/market-...lanced-markets
I really like his emphasis on r:r.
  • #104
  • Feb 2, 2011 5:02pm Feb 2, 2011 5:02pm
Quoting alexm
Using Virgin POC trade idea by Michael Jardine
http://ensign.editme.com/virginpoc

Since we are told price is attracted to the Virgin POC. with VSA entry is placing a sell stop below the 1hr chart ND up bar, and wait for it to hit the POC.
Thanks for the link dude.
  • #105
  • Feb 2, 2011 5:09pm Feb 2, 2011 5:09pm
Quoting frankkn
What do you guys think, will we retest this balance area?
Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm leaning more towards a retest of the top POC at the moment.

Regarding your indy for profile, i use the iPolo market profile indy which i believe i found on Malc's VSA thread. It seems quite accurate.
Change is the only constant
  • #106
  • Feb 2, 2011 5:11pm Feb 2, 2011 5:11pm
Quoting tgwhbb
Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm leaning more towards a retest of the top POC at the moment.

Regarding your indy for profile, i use the iPolo market profile indy which i believe i found on Malc's VSA thread. It seems quite accurate.
Does it also mark the VAH and VAL? or just POC? I have been using it but only see POC's???
Today's zone = Tomorrow's opportunity!
  • #107
  • Feb 2, 2011 5:15pm Feb 2, 2011 5:15pm
Quoting pres78
Does it also mark the VAH and VAL? or just POC? I have been using it but only see POC's???
yeah, unfortunately it only prints the POC. but if you set showProfile to true it shows the complete profile and you can easily estimate the value area. I've been trying to figure out how to modify the indy to show a VAH and VAL line like HG has on his latest charts but so far to no avail...
Change is the only constant
  • #108
  • Feb 2, 2011 5:22pm Feb 2, 2011 5:22pm
Quoting tgwhbb
Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm leaning more towards a retest of the top POC at the moment.

Regarding your indy for profile, i use the iPolo market profile indy which i believe i found on Malc's VSA thread. It seems quite accurate.
Cool, check out the euro futures volume profile, seems more clear. Still a higher POC
Attached Image (click to enlarge)
Click to Enlarge Name: f2k.jpg Size: 62 KB
  • #109
  • Feb 2, 2011 10:52pm Feb 2, 2011 10:52pm
Here I've entered off of no selling pressure following strength, I'm targeting the blue area which is supply, previous support, and a high volume node.
Attached Image (click to enlarge)
Click to Enlarge Name: f2m.jpg Size: 81 KB
  • #110
  • Feb 3, 2011 7:45am Feb 3, 2011 7:45am
Quoting frankkn
What do you guys think, will we retest this balance area?
We're smashing into this area with astronomical volume.

The last trade panned out well, I really like bars as opposed to candlesticks. They strip away all of the distraction and leave only SM intention.
Attached Image (click to enlarge)
Click to Enlarge Name: f3a.jpg Size: 35 KB
  • #111
  • Feb 3, 2011 7:55am Feb 3, 2011 7:55am
Quoting frankkn
We're smashing into this area with astronomical volume.

The last trade panned out well, I really like bars as opposed to candlesticks. They strip away all of the distraction and leave only SM intention.
we are at last week's POC. If this area holds we should see a good move up from here.
Change is the only constant
  • #112
  • Feb 3, 2011 7:56am Feb 3, 2011 7:56am
Here's the dollar index. It is stretching up for its big balance area. I took the screen shot a couple minutes ago, and it is now just reaching the area.
Attached Image (click to enlarge)
Click to Enlarge Name: f3c.jpg Size: 65 KB
  • #113
  • Feb 3, 2011 7:58am Feb 3, 2011 7:58am
Quoting tgwhbb
we are at last week's POC. If this area holds we should see a good move up from here.
Great observation thanks for bringing that to my attention. You ready my friend?
  • #114
  • Feb 3, 2011 8:01am Feb 3, 2011 8:01am
Quoting frankkn
Great observation thanks for bringing that to my attention. You ready my friend?
yep, waiting for at least the down trend to stop on the M5 though...
Change is the only constant
  • #115
  • Feb 3, 2011 8:07am Feb 3, 2011 8:07am
Quoting tgwhbb
yep, waiting for at least the down trend to stop on the M5 though...
That's what I've been watching as well. I wouldn't be opposed to an entry off of a larger TF (15m, 30m, 1h) considering how large this balance area is
  • #116
  • Feb 3, 2011 10:01am Feb 3, 2011 10:01am
let's see how the rest of the day shapes up, but yesterday's and today's POC are still up there at 1.3800 and today's is currently slightly higher than yesterday's. More reason to believe this is a shakeout similar to last Friday. and if its not just a shakeout, we'll very likely need to go up at some point to test those higher value areas.

Also wanted to point out if you merge yesterday's profile with Tuesday's profile, you'll see that yesterday filled in the void area from Tuesday's profile. I read somewhere that when low areas get filled that is a sign of value building in that direction. So since yesterday filled the void are higher than Tuesday's POC, the market is still building a case for higher value.

I might try a long today if the setup comes about, but for now i'm still watching.
Change is the only constant
  • #117
  • Feb 3, 2011 11:37am Feb 3, 2011 11:37am
Here's the volume profile for EU since the start of 2010. As you can see EU it is currently right at the value peak for hte last year. what is also shown are clusters of monthly POC. 3940&3960 above, and a cluster around 4280. Below a cluster around 3600, then down to the 3333 area.

Not quite sure what to make of it yet, and maybe too longer term for intraday trading, but it does at least point out major supply and demand levels.

As frankk mentioned in a previous post, we are now in a major value area which should act as strong demand.
Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 2011-02-03 at 12.27.56 PM.png Size: 65 KB
Change is the only constant
  • #118
  • Feb 3, 2011 11:41am Feb 3, 2011 11:41am
I've got the house to myself most of the weekend, will be trying to learn more about market structure here

http://www.traderkingdom.com/market-...hived-webinars
Change is the only constant
  • #119
  • Feb 3, 2011 3:01pm Feb 3, 2011 3:01pm
Quoting tgwhbb
I've got the house to myself most of the weekend, will be trying to learn more about market structure here

http://www.traderkingdom.com/market-...hived-webinars

Hey tgwhbb,

Thanks for adding some more resources. I too will have my place to myself this weekend as my girl is visiting her family's farm.. Very glad to have work to keep me here lol. I'll be hitting this up as well.

Gonna be watching the Asain session for long opportunities if they're presented
  • #120
  • Feb 3, 2011 3:13pm Feb 3, 2011 3:13pm
Quoting frankkn
Hey tgwhbb,

Thanks for adding some more resources. I too will have my place to myself this weekend as my girl is visiting her family's farm.. Very glad to have work to keep me here lol. I'll be hitting this up as well.

Gonna be watching the Asain session for long opportunities if they're presented
same here...bullish volume has started to present itself on the M5 and a bit on the M15 as well.
Change is the only constant
12 traders viewing now