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Auction Market Theory and Market Profile

  • #9,941
  • Feb 9, 2020 10:28am Feb 9, 2020 10:28am
Quoting Naustromo
Hi Kette (nice cat btw ), I stepped in this thread because I'm trying to understand the market movements, and I started to watch closely at your incredible posts. Reading and watching a lot of time the post where you show the fact that you use "low volume zone" to trade. My question (if I can ask) is: if we have to find low area volume, is it correct to plan a trade like the one in the screenshot? From a POC to another POC but with a VERY LOW volume between them {image} Obviously it's easy for me look things that happened in the past,...
yes you have to wait for such trades
  • #9,942
  • Feb 9, 2020 10:30am Feb 9, 2020 10:30am
Quoting Naustromo
Hi Kette (nice cat btw ), I stepped in this thread because I'm trying to understand the market movements, and I started to watch closely at your incredible posts. Reading and watching a lot of time the post where you show the fact that you use "low volume zone" to trade. My question (if I can ask) is: if we have to find low area volume, is it correct to plan a trade like the one in the screenshot? From a POC to another POC but with a VERY LOW volume between them {image} Obviously it's easy for me look things that happened in the past,...

vp range
set to 43200 not 14400
last line
  • #9,943
  • Feb 9, 2020 10:42am Feb 9, 2020 10:42am
Quoting kette
{quote} vp range set to 43200 not 14400 last line
Thanks for your answer, btw I didn't set up the indicator yet, I only selected the "mini-trend" to take it as example.
Well now that I'm sure about how to act, I hope to contribute to the thread fast as possible. Thank you again!!
"In ancient times they had no statistics so they had to fall back on lies."
  • #9,944
  • Feb 9, 2020 10:45am Feb 9, 2020 10:45am
Is somehow possible to set marketprofile for each session in this indicator:
https://www.forexfactory.com/showthr...1#post12649811 ??
  • #9,945
  • Feb 9, 2020 10:46am Feb 9, 2020 10:46am
Quoting kette
{quote} nc close {image}
here
  • #9,946
  • Feb 9, 2020 10:51am Feb 9, 2020 10:51am
Quoting Hehehe
Is somehow possible to set marketprofile for each session in this indicator: https://www.forexfactory.com/showthr...1#post12649811 ??
m15 and m30 session
you have to set the time in the menu
  • #9,947
  • Feb 9, 2020 11:33am Feb 9, 2020 11:33am
Quoting kette
{quote} I rarely trade in the EU, thanks a lot
You are more then welcome buddy, I am happy this can give a little help, when the market open the volume will make it more easy for you to trade and see what is going on.

When the Dxy and the USD crosses are in a good Supply or Demand/ S/R areas normally the dxy respect a lot those areas.

And usually you are able to catch nice reversal trends.
Take a look and go easy first I know you will have success on this.
  • #9,948
  • Feb 9, 2020 11:59am Feb 9, 2020 11:59am
Quoting Dcrs
{quote} You are more then welcome buddy, I am happy this can give a little help, when the market open the volume will make it more easy for you to trade and see what is going on. When the Dxy and the USD crosses are in a good Supply or Demand/ S/R areas normally the dxy respect a lot those areas. And usually you are able to catch nice reversal trends. Take a look and go easy first I know you will have success on this.
Hi, can I ask you if using currency index can be useful to "see the strength" of a pair against another? Thanks.
"In ancient times they had no statistics so they had to fall back on lies."
  • #9,949
  • Feb 9, 2020 12:28pm Feb 9, 2020 12:28pm
Quoting Naustromo
{quote} Hi, can I ask you if using currency index can be useful to "see the strength" of a pair against another? Thanks.
Hi Naustromo

The DXY is the USD dollar index it is composed by several currencies for example EUR, GBP etc... and each currency has % impact against USD for example EUR is around 50% responsable for the index DXY with tha know you can see the huge impact that EUR has on USD DOLAR = DXY indice.

For example the EUR x USD will be a "easy" coin for you see the strength of each one.
For know more about that I suggest you google the compose DXY basket and see how much % each one has against USDOLAR DXY, with that said you will have to take a look how it works for each currency against the DXY.

For example EUR usd, will be let's say more "easy" to have such view and information... GBP x USD normally move very "similar" as EUR, but nothing is absolute in financial markets, specially on this high volatile days

The DXY against EUR, GBP, GOLD(XAU) works extremely well if you know what you are seeing/doing.

So I suggest take some time looking, analysis and make some tests, go easy to no lose money.

You need to know what you are doing before to real doing in financial markets other wise you are faint to join the DM( dump money) and the SM (smart money - MM's will be more then glad to take it from you).

Good luck and green pips always
  • #9,950
  • Feb 9, 2020 12:40pm Feb 9, 2020 12:40pm
Quoting Dcrs
{quote} Hi Naustromo The DXY is the USD dollar index it is composed by several currencies for example EUR, GBP etc... and each currency has % impact against USD for example EUR is around 50% responsable for the index DXY with tha know you can see the huge impact that EUR has on USD DOLAR = DXY indice. For example the EUR x USD will be a "easy" coin for you see the strength of each one. For know more about that I suggest you google the compose DXY basket and see how much % each one has against USDOLAR DXY, with that said you will have to take a look...
OMG I really didn't know that, I knew only that in a simple way it represent "the trend of the USD" but I never saw HOW it works.
Thank you for your answer and I will add currency indeces in my analysis work
"In ancient times they had no statistics so they had to fall back on lies."
  • #9,951
  • Feb 9, 2020 12:51pm Feb 9, 2020 12:51pm
Quoting Dcrs
{quote} This thread of equilibrium from bionics/Michael os one of the best I ever saw around out there in web. He is a very professional and expert in the field with so many informations and kind to share his knowledge for free. Most new traders have no idea of so full of information is there on this thread, big part of it took me years and a lot of money to understand and make good use of it in real accounts/markets. Is the best thread that I could ever point for some one start to study. good advice kette
it is worth reading to have switched
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot_EURUSD_2020.02.09_17.48.22.jpg Size: 328 KB
  • #9,952
  • Feb 9, 2020 12:52pm Feb 9, 2020 12:52pm
Quoting Dcrs
{quote} Hi Naustromo The DXY is the USD dollar index it is composed by several currencies for example EUR, GBP etc... and each currency has % impact against USD for example EUR is around 50% responsable for the index DXY with tha know you can see the huge impact that EUR has on USD DOLAR = DXY indice. For example the EUR x USD will be a "easy" coin for you see the strength of each one. For know more about that I suggest you google the compose DXY basket and see how much % each one has against USDOLAR DXY, with that said you will have to take a look...
am very busy search and learn. I will work hard day and night to find my goal.My favorite player doesn't play here so the journey is very difficult
  • #9,953
  • Feb 9, 2020 2:40pm Feb 9, 2020 2:40pm
Quoting kette
{quote} it is worth reading to have switched {image}
Kette gave a real good information here.
Bionics thread about equilibrium gives a lot of good information, about DXY and soooooo much more I really recommend Bionics/michael is a very expert and good trader and also very noble and kind to share his knowledge and also making indis for help.

Good tip kette
  • #9,954
  • Feb 9, 2020 2:42pm Feb 9, 2020 2:42pm
Quoting Naustromo
{quote} OMG I really didn't know that, I knew only that in a simple way it represent "the trend of the USD" but I never saw HOW it works. Thank you for your answer and I will add currency indeces in my analysis work
Yes buddy it is more then the trend.

And financial markets are so huge that doesn't matter if you are new or expert we are always learning every day just need to focus and keep the mind open.
  • #9,955
  • Feb 9, 2020 2:44pm Feb 9, 2020 2:44pm
Quoting thisara1
{quote} am very busy search and learn. I will work hard day and night to find my goal.My favorite player doesn't play here so the journey is very difficult
If you are working hard buddy and not give up you will succeed just keeping on track.

About your favorite player I didn't understand what you mean.
  • #9,956
  • Feb 9, 2020 2:45pm Feb 9, 2020 2:45pm
Quoting kette
{quote} it is worth reading to have switched {image}
This charts and Intel are from ATAS kette
Just fyi.
  • #9,957
  • Feb 9, 2020 2:49pm Feb 9, 2020 2:49pm
Quoting Naustromo
{quote} OMG I really didn't know that, I knew only that in a simple way it represent "the trend of the USD" but I never saw HOW it works. Thank you for your answer and I will add currency indeces in my analysis work
Look this post and charts of kette for you have an idea of how important and how the DXY can help you:

https://www.forexfactory.com/showthr...8#post12745148
  • #9,958
  • Feb 9, 2020 4:18pm Feb 9, 2020 4:18pm
Quoting Dcrs
{quote} This charts and Intel are from ATAS kette Just fyi.
it is very similar to atas, am studying the first ticks
interface for mt4 and mt5
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot_EURUSD_2020.02.09_23.13.17.jpg Size: 121 KB
  • #9,959
  • Feb 9, 2020 4:22pm Feb 9, 2020 4:22pm
Quoting kette
{quote} it is very similar to atas, am studying the first ticks interface for mt4 and mt5 {image}
Yes, most people have no idea of such valuable information and time to code indis that Bionics/Michael are shareing in his thread.

For me that use order flow to trade forex we actually do not need have those indis like Bionics/Michael is coding for mt4/mt5 this is how noble he is.

All my respect to him.
  • #9,960
  • Feb 9, 2020 4:56pm Feb 9, 2020 4:56pm
Here goes some information of Dollar index:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200209-195520_Chrome.jpg Size: 274 KB
Click to Enlarge Name: Screenshot_20200209-195456_Chrome.jpg Size: 205 KB
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