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Auction Market Theory and Market Profile

  • #10,321
  • Feb 20, 2020 5:23am Feb 20, 2020 5:23am
Eheh for me it's a completely new world compared to my main trading style but I think that fast trades are the key, even in higher TF where my R:R is always minimum 1:2, I worked to safety reduce the stop loss "distance". In this way my 1:2 is hit in few hours or very few days, instead of weeks.

BTW I saw that there is a divergence too in that trade, I've been always a fan of divergence (as strength indicator, not entry point) but still not implemented yet in my trading
"In ancient times they had no statistics so they had to fall back on lies."
  • #10,322
  • Feb 20, 2020 5:25am Feb 20, 2020 5:25am
Quoting Froggy
I am out tonight, so you have fun without me !!!!
  • #10,323
  • Feb 20, 2020 5:30am Feb 20, 2020 5:30am
Quoting Naustromo
Eheh for me it's a completely new world compared to my main trading style but I think that fast trades are the key, even in higher TF where my R:R is always minimum 1:2, I worked to safety reduce the stop loss "distance". In this way my 1:2 is hit in few hours or very few days, instead of weeks. BTW I saw that there is a divergence too in that trade, I've been always a fan of divergence (as strength indicator, not entry point) but still not implemented yet in my trading
the question what is your goal
10, euro or 30, euro
  • #10,324
  • Feb 20, 2020 5:33am Feb 20, 2020 5:33am
i give the 20 euro you take it immediately
You have a profit of 20 euros in trading and you play poker
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  • #10,325
  • Feb 20, 2020 5:35am Feb 20, 2020 5:35am
Quoting kette
{quote} the question what is your goal 10, euro or 30, euro
Oh no the risk (speaking about "money") it's still the same, what I meant is that my risk was calculated 2.5x ATR...after a lot of trades I just found that with my trading style I could reduce the "SL pips".

So basically I reduced it to 1.5x but with the same "money risk", so actually I just increased the lot size ahah but always with a calculated SL
"In ancient times they had no statistics so they had to fall back on lies."
  • #10,326
  • Feb 20, 2020 5:40am Feb 20, 2020 5:40am
Quoting Naustromo
{quote} Oh no the risk (speaking about "money") it's still the same, what I meant is that my risk was calculated 2.5x ATR...after a lot of trades I just found that with my trading style I could reduce the "SL pips". So basically I reduced it to 1.5x but with the same "money risk", so actually I just increased the lot size ahah but always with a calculated SL
ok, atr and something like that is not my area
I am volume owl
  • #10,327
  • Feb 20, 2020 5:44am Feb 20, 2020 5:44am
gold was not in my sights this morning
but my son
mine was the dow
today it works
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  • #10,328
  • Feb 20, 2020 5:46am Feb 20, 2020 5:46am
gj sl
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  • #10,329
  • Feb 20, 2020 5:48am Feb 20, 2020 5:48am
enough lunch is waiting
  • #10,330
  • Feb 20, 2020 5:50am Feb 20, 2020 5:50am
GA
last example m15
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  • #10,331
  • Feb 20, 2020 5:56am Feb 20, 2020 5:56am
Quoting kette
i give the 20 euro you take it immediately You have a profit of 20 euros in trading and you play poker {image}
I ignored the signal
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  • #10,332
  • Feb 20, 2020 6:05am Feb 20, 2020 6:05am
Very nice trades, I got a lot to learn with them .
BTW I think my order won't be filled, that's my first try that I did, the green circle is "when" I opened the Buy Limit.

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My idea was to buy on the low of the value area (after 2 bounce) and TP before the end of the "gap" or low volume zone.
"In ancient times they had no statistics so they had to fall back on lies."
  • #10,333
  • Feb 20, 2020 6:07am Feb 20, 2020 6:07am
Quoting Naustromo
Very nice trades, I got a lot to learn with them . BTW I think my order won't be filled, that's my first try that I did, the green circle is "when" I opened the Buy Limit. {image} My idea was to buy on the low of the value area (after 2 bounce) and TP before the end of the "gap" or low volume zone.
you were the first to post something, great
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  • #10,334
  • Feb 20, 2020 6:11am Feb 20, 2020 6:11am
Quoting Naustromo
Very nice trades, I got a lot to learn with them . BTW I think my order won't be filled, that's my first try that I did, the green circle is "when" I opened the Buy Limit. {image} My idea was to buy on the low of the value area (after 2 bounce) and TP before the end of the "gap" or low volume zone.
you already have my respect
  • #10,335
  • Feb 20, 2020 6:14am Feb 20, 2020 6:14am
we are waiting for gj
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  • #10,336
  • Feb 20, 2020 6:15am Feb 20, 2020 6:15am
Quoting kette
{quote} you already have my respect
Thank you very much!!
Now the next step for me is to take confidence with MP, do you think that working on 1m or 5m charts could speed up the process? (lower TF = more trade setups)
"In ancient times they had no statistics so they had to fall back on lies."
  • #10,337
  • Feb 20, 2020 6:17am Feb 20, 2020 6:17am
Quoting Naustromo
Very nice trades, I got a lot to learn with them . BTW I think my order won't be filled, that's my first try that I did, the green circle is "when" I opened the Buy Limit. {image} My idea was to buy on the low of the value area (after 2 bounce) and TP before the end of the "gap" or low volume zone.
dreamlike the way I act
always remember this is a downward trend (SAVE GWINN)
  • #10,338
  • Feb 20, 2020 6:24am Feb 20, 2020 6:24am
Quoting kette
{quote} dreamlike the way I act always remember this is a downward trend (SAVE GWINN)
Infact the downtrend makes me uncomfortable, but when I do tests on something, I like to see how it reacts, even in the low probability situation
"In ancient times they had no statistics so they had to fall back on lies."
  • #10,339
  • Feb 20, 2020 6:27am Feb 20, 2020 6:27am
ok, that's the end of the moment
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  • #10,340
  • Feb 20, 2020 6:33am Feb 20, 2020 6:33am
Quoting kette
ok, that's the end of the moment {image} {image}
That's exactly how I planned the trade , let's see
"In ancient times they had no statistics so they had to fall back on lies."
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