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Auction Market Theory and Market Profile

  • #10,481
  • Feb 21, 2020 5:15pm Feb 21, 2020 5:15pm
Quoting kette
this always runs 24 hours on the weekend, that's ok {image}
H4
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  • #10,482
  • Feb 21, 2020 5:18pm Feb 21, 2020 5:18pm
what i write and tell i do too
  • #10,483
  • Feb 21, 2020 5:25pm Feb 21, 2020 5:25pm
the best thing to understand is here
it was posted by someone, sorry don't know who it was but thanks a lot
that's my trade
Attached File(s)
File Type: pdf ROBIN_MESCH-082510.pdf   8.8 MB | 629 downloads
  • #10,484
  • Feb 21, 2020 5:25pm Feb 21, 2020 5:25pm
Here Goes a personal "tip" for those who like to trade longer targets and higher TF, take a look into candles of DXY especially the candle that opens h4, d1 after the 1 hour break daily, also week candle is a good view taking that consideration use this info to see the correlation with EURUSD, XAUUSD, etc... for currency's cross with USD and gold, few commodities DO YOUR HOME WORK the correlation with EURUSD, and GOLD is almost 100%.

AGAIN do you homework and use it as you want, combine with your style, develop your own trading strategy, watch how markets act on this and then be carefully.

If everyone do the same thing would be all Warren Buffett in the markets and we all know it is the opposite.

If you want to be different and have different results you have to take risks and do different of the others.

The only thing 100% sure in life is that at some point we all going to die, besides that all is possible and even the DNA test it is not 100% it is tops 99.9% ....

Just my personal thoughts and hope can give a little different view and maybe give some little help.

Cheers buddy's holp this can contribute to a few mates here.

I wish all success in the world to all
  • #10,485
  • Feb 21, 2020 5:28pm Feb 21, 2020 5:28pm
Quoting YYZ
{quote} attached is example how to trade pockets of low usage. {image}
thanks again for that
  • #10,486
  • Feb 21, 2020 5:30pm Feb 21, 2020 5:30pm
Quoting Dcrs
Here Goes a personal "tip" for those who like to trade longer targets and higher TF, take a look into candles of DXY especially the candle that opens h4, d1 after the 1 hour break daily, also week candle is a good view taking that consideration use this info to see the correlation with EURUSD, XAUUSD, etc... for currency's cross with USD and gold, few commodities DO YOUR HOME WORK the correlation with EURUSD, and GOLD is almost 100%. AGAIN do you homework and use it as you want, combine with your style, develop your own trading strategy, watch how...
Thank you very much, great thing for your support
  • #10,487
  • Feb 21, 2020 5:32pm Feb 21, 2020 5:32pm
that's the nice thing about it, everyone has their experiences with examples and different views
  • #10,488
  • Feb 21, 2020 5:32pm Feb 21, 2020 5:32pm
Quoting kette
{quote} H4 {image}
Oh I got it too in my demo account eheh, I will use it to make practice in the weekend
"In ancient times they had no statistics so they had to fall back on lies."
  • #10,489
  • Feb 21, 2020 5:35pm Feb 21, 2020 5:35pm
Dcrs

that's quickly there and gone,
Have a nice Weekend,
best regards to your mother
  • #10,490
  • Feb 21, 2020 5:38pm Feb 21, 2020 5:38pm
and now it's the weekend, enough with blah blah
nobody knows where the market is going
  • #10,491
  • Feb 21, 2020 5:43pm Feb 21, 2020 5:43pm
Quoting Naustromo
{quote} For example if the chart was a thing like this, beginner difficulty ahah {image} (I read now your answer )
sorry,yes
  • #10,492
  • Edited 11:24pm Feb 21, 2020 6:23pm | Edited 11:24pm
Quoting kette
Dcrs that's quickly there and gone, Have a nice Weekend, best regards to your mother
Thanks a lot my dear friend.
All the best to you and your family.

Another thing to complement what I wrote above:

*DXY COMPOSE:
Euro (EUR), 57,6%
Iene japonês (JPY) 13,6%
Libra esterlina (GBP), 11,9%
Dólar canadense (CAD), 9,1%
Coroa sueca (SEK), 4,2%
Franco suíço (CHF) 3,6%*

Perhaps this question pop up in some mates here:
But why DXY would work against GOLD if has no impact in the compose of DXY ?

The answer can be very long and maybe too confuse so I will try to "resume" one reason is that GOLD like, AUD, JPY are called as "safe haven" when there is insecurity about the BIG PICTURE of world Financial status are health, and when there is "afraid" of what is going to happen.

Today was a big day for a lot of reports news of several important countries, EU, USA, CANADA etc...

If you take a look at USA T-bonds 30years it is at the lowest rate ever if I am not wrong and this is kind of "thermometer" for economics Health use by several professionals take a look and analyze the "big bubble" that markets became after the last financial crises happen in 2000 USA.

The reports of today are not make any sense for the real status scenario of the world economics at this moment.

This is a long conversation but you can dig a little on web and see for your self...

Today we can say: " wich reports are lying more..."

USA Stocks are hiting records and records....

There is a lot going on guys.

I would like to share more unfortunately I am doing my best st this moment that i do not have much time.

I am following here by mobile ...

Hope very soon can be contribute to more visual data, and charts.

Thanks to all and have a great and wonderful weekend with those you love.

Cheers
  • #10,493
  • Feb 22, 2020 12:06am Feb 22, 2020 12:06am
Quoting JetTrader
This what I call the Relative Price Density Profile (RPD Profile).
You probably meant to say that I called it Relative Price Density (RPD) Profile. I invented the RPD Oscillator and later added the profile. You did add some stuff to it, to your credit.

This is how it evolved: The RPD Oscillator is a linear representation of a price based market profile. Initially it did not draw the profile, but that was added later on with POC, VAH, VAL and some other stuff requested by JT. I also added a GMMA stack and added density for Open, High and Low. The latest version (not shown) is multi-time frame and can be used as an input to among other, a trading panel.

Just for anyone's interest.
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  • #10,494
  • Feb 22, 2020 1:28am Feb 22, 2020 1:28am
Quoting Wanderer272
....
In million years I would not be able to interpret what is shown.
I do not know what is purpose of your post....meaningless totally to everyone except you.

whatever
  • #10,495
  • Edited 11:32am Feb 22, 2020 2:05am | Edited 11:32am
Quoting Wanderer272
{quote} You probably meant to say that I called it Relative Price Density (RPD) Profile. I invented the RPD Oscillator and later added the profile. You did add some stuff to it, to your credit. This is how it evolved: The RPD Oscillator is a linear representation of a price based market profile. Initially it did not draw the profile, but that was added later on with POC, VAH, VAL and some other stuff requested by JT. I also added a GMMA stack and added density for Open, High and Low. The latest version (not shown) is multi-time frame and can be...
Hi
Nice work Wanderer272, I liked your chart...
I wrote the post when I was almost sleeping sorry lol
  • #10,496
  • Feb 22, 2020 5:37am Feb 22, 2020 5:37am
Why do traders use so many indicators?


if you are interested please visit this room
i love this squares
just a few pictures
violent discussions about indicators
for me it's kindergarten
Attached Image(s) (click to enlarge)
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Attached Images
  • #10,497
  • Feb 22, 2020 6:19am Feb 22, 2020 6:19am
Quoting Dcrs
....Cheers
my personal opinion, no intention to argue with anyone:
whatever is economic data, political, catastrophic of any kind interpretation depend of market makers(MM). There is no point to look at it at all....Except fixed economic news any other information comes randomly. MM has enough human and money resources to know any information in advance, they get any speech , statement in advance...I just look timing for fixed news that I do not screw up something.

yesterday I was lucky to get 38p (EURUSD) although forgot for news...Only I wonder to know on which pairs during the day I should not waste time... maybe there is some indicator for that too...
  • #10,498
  • Feb 22, 2020 6:32am Feb 22, 2020 6:32am
38 points great
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  • #10,499
  • Feb 22, 2020 6:38am Feb 22, 2020 6:38am
Quoting YYZ
{quote} my personal opinion, no intention to argue with anyone: whatever is economic data, political, catastrophic of any kind interpretation depend of market makers(MM). There is no point to look at it at all....Except fixed economic news any other information comes randomly. MM has enough human and money resources to know any information in advance, they get any speech , statement in advance...I just look timing for fixed news that I do not screw up something. yesterday I was lucky to get 38p (EURUSD) although forgot for news...Only I wonder to...
where did you buy
  • #10,500
  • Feb 22, 2020 6:44am Feb 22, 2020 6:44am
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