{quote} Hi, my name is Major. I apologize for my English. I have prepared a PDF file for a clarification on the "Market Profile". I hope my questions aren't stupid. Thank you for taking the time to read my question. Thank you Major{image}
Auction Market Theory and Market Profile
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- #8,503
- Sep 13, 2019 6:42am Sep 13, 2019 6:42am
{quote} Anyone who spends money is too stupid to learn always depends on how you want to act, demo take everything test what fits you, before you spend money for nonsense I the markrprofile it always tells me where I am
I don't want to spend that much money.
Can you share your own indicators and templates you use?
For Oscillatore I know him very well because for a few months I followed the group of BigE.
Let me ask you a few questions:
1) What indicators should I add to my template in addition to the Market Profile indicator?
2) I see on the right side of your chart an indicator, what indicator is it? (maybe it's the Pivot Point?)
3) From which post would you advise me to start reading to better understand your operations?
4) Or do I have to read all the pages?
5) I have not found any documentation to understand the panel I find at the bottom left of the indicator "riv_ay-TPOChart.v102-6".
I accept any advice on this matter.
Thank you.
Carpe diem, quam minimum credula postero. "Orazio"
- #8,504
- Sep 13, 2019 6:43am Sep 13, 2019 6:43am
EURUSD: Overnight session is slowly uptrending. Last night´s short got stopped out with a small profit. The upthrust failed to follow through so, following Wyckoffian logic, by the disconfirmation of supply we get confirmation of demand. European session broke last week´s and yesterday´s high with good buying and wasn´t able to get back below it (further confirming demand). If NY session keeps up this level, we could see higher prices. Tick chart also gives a bullish reading, price in an uptrending channel. As of now nothing to do, just observe. Have to wait for price to reach the edges of structure and see if a trading setup arises.
- #8,509
- Sep 13, 2019 7:01am Sep 13, 2019 7:01am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
it is also normal stuff
- #8,512
- Sep 13, 2019 7:46am Sep 13, 2019 7:46am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} market profiles shows you where you are right away {image}
- #8,516
- Sep 13, 2019 8:50am Sep 13, 2019 8:50am
Stopped out now, price is testing the european low, which coincides with overnight session POC. Will keep an eye for signs of strength or weakness and decided either to go long or short from this level.
- #8,518
- Sep 13, 2019 9:56am Sep 13, 2019 9:56am
Went long again on EURUSD at that level, it not only was the european low but also the high of that ultra wide range high volume bar from yesterday, price closed below that level but instantly got pushed back above it. Stops moved to breakeven. I wanna see price break above the 1.108 area again and stay here if prices are to go higher.
