Attachments: Auction Market Theory and Market Profile

Auction Market Theory and Market Profile

#9,781
Feb 5, 2020 4:16pm Feb 5, 2020 4:16pm

YYZ
| Membership Revoked | Joined Nov 2019 | 255 Posts

Quoting kette

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{quote} ok, do you have an idea {image} {image}

Ignored

what do you mean?

#9,782
Feb 5, 2020 4:18pm Feb 5, 2020 4:18pm

kette
Joined Jan 2018 | Status: Trader | 17,298 Posts

Quoting YYZ

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{quote} what do you mean?

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buy deep, order turns

#9,783
Feb 5, 2020 4:27pm Feb 5, 2020 4:27pm

YYZ
| Membership Revoked | Joined Nov 2019 | 255 Posts

Quoting kette

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{quote} buy deep, order turns

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no trade yet , in 1 hour(6pm EST) or so will look again, market doesn't show USD between 4pm - 8pm EST. I was long at 1.0995 but exited because did not know how market would respond on senate vote....

#9,784
Feb 5, 2020 4:32pm Feb 5, 2020 4:32pm

kette
Joined Jan 2018 | Status: Trader | 17,298 Posts

Quoting YYZ

Disliked

{quote} no trade yet , in 1 hour(6pm EST) or so will look again, market doesn't show USD between 4pm - 8pm EST. I was long at 1.0995 but exited because did not know how market would respond on senate vote....

Ignored

yes there has to wait when london opens, dollar could test another area

Attached Image (click to enlarge)

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#9,785
Feb 5, 2020 4:33pm Feb 5, 2020 4:33pm

kette
Joined Jan 2018 | Status: Trader | 17,298 Posts

all just theory

#9,786
Feb 5, 2020 6:13pm Feb 5, 2020 6:13pm

Dcrs
| Commercial User | Joined Jun 2019 | 217 Posts

Quoting Froggy

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{quote} Ok but there is a gap where your SL are or about?

Ignored

Hey Buddy Froggy

I don't want to teach anything but if i am able to give some personal view of my own experience and give some little help/light or direction, i would be more then glad to do it.

Here are some personal points that i use my own.

As kette mentioned before he bases his trades on POCs, High and Lows, with trend and volume... to make his trades.

The gaps that have you mentioned are the areas where there is very little liquidity, that is why most of the time the prices goes straight for those areas...
and then visit regions where were previous POCs days, High and lows daily or previous too, and most of those areas you can see that are previous POCs of previous days... Of course they are note exactly the same price but some times very close or even...

Thats why i like to see at least 5 previous days of MP and or VP to see where are those areas, POCs are, as you probable already know the POCs areas where at least 70% of negotiation are made in the previous ou current day, the gaps up or down are the others 30%... Called as unfair areas being up or low...

I like this style of trade but i combine with DM(DOM) and futures data and some others information's to take a decision, and it depends if will be a scalp, a trade location, if the type of trade if it will be short or long ... any way i hope i can give some help buddy.

Stay safe and green pips as always mate Cheers

#9,787
Feb 5, 2020 6:35pm Feb 5, 2020 6:35pm

Froggy
Joined May 2018 | Status: Tadpole | 2,719 Posts

Quoting Dcrs

Disliked

{quote} Hey Buddy Froggy I don't want to teach anything but if i am able to give some personal view of my own experience and give some little help/light or direction, i would be more then glad to do it. Here are some personal points that i use my own. As kette mentioned before he bases his trades on POCs, High and Lows, with trend and volume... to make his trades. The gaps that have you mentioned are the areas where there is very little liquidity, that is why most of the time the prices goes straight for those areas... and then visit regions where...

Ignored

Thanks mate,

Trust me when I say I can use all the help I can get! and I appreciate it too!

Yes, I normally got from POC to POC however I sometime get baffled.

Many thanks, I'll PM you.

Stay green!!!

#9,788
Feb 5, 2020 8:44pm Feb 5, 2020 8:44pm

Dcrs
| Commercial User | Joined Jun 2019 | 217 Posts

Quoting Froggy

Disliked

{quote} Thanks mate, Trust me when I say I can use all the help I can get! and I appreciate it too! Yes, I normally got from POC to POC however I sometime get baffled. Many thanks, I'll PM you.

Ignored

No need to tks buddy.
If I can help always will.

Can call me any time.

#9,789
Feb 5, 2020 11:46pm Feb 5, 2020 11:46pm

Froggy
Joined May 2018 | Status: Tadpole | 2,719 Posts

Quoting YYZ

Disliked

I am short at POC but price is dwelling at that level. It looks like market is timing London open...Same is with USD, expecting to go down.... {image}

Ignored

yep....