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Auction Market Theory and Market Profile

  • #12,981
  • Jun 5, 2020 9:48am Jun 5, 2020 9:48am
Quoting Rubernet
Was this a valid trade. I entered a bit late {image}
Hi Rubernet, I'm a MP / VP noob (I've only read the basics) and I'm trying to learn what you guys are doing in this thread.

Did you enter the trade because:

1. You noticed a beautiful gap between the old POC and old VAH (the one kette marked red).
2. You entered when price broke and closed above the old POC and the blue trendline (and the D1 Pivot) (confluence).
3. TP = old VAH

Is that about it?
  • #12,982
  • Jun 5, 2020 9:50am Jun 5, 2020 9:50am
Quoting Froggy
{quote} Recession for sure but it looks that the rest of the world is in the same position. Actually Australia is perhaps in a better position than most. enjoy your trading !!
I agree with you, but if you look at the stock markets it seems that nobody else agrees with us
S&P500 as well as our own South African market is going up. See bad trading results from companies all over and yet the market keeps on going up. Crazy.
  • #12,983
  • Jun 5, 2020 9:52am Jun 5, 2020 9:52am
Quoting kette
{quote} update {image}
Kette you are a trading wizard
Trade Without Fear
  • #12,984
  • Jun 5, 2020 9:56am Jun 5, 2020 9:56am
Quoting Rubernet
{quote} Kette you are a trading wizard

That's my hobby
just show how easy it is to act
  • #12,985
  • Jun 5, 2020 10:02am Jun 5, 2020 10:02am
Quoting bippo
{quote} Hi Rubernet, I'm a MP / VP noob (I've only read the basics) and I'm trying to learn what you guys are doing in this thread. Did you enter the trade because: 1. You noticed a beautiful gap between the old POC and old VAH (the one kette marked red). 2. You entered when price broke and closed above the old POC and the blue trendline (and the D1 Pivot) (confluence). 3. TP = old VAH Is that about it?
Hi Bippo

I am also a newbie on this system, entry was as you stated, one thing I can add, I drew a TL just to ensure upward momentum. But as I mentioned I entered late although trade worked out well.

Kette is very open to questions and replies to all.

Trade safe.
Trade Without Fear
  • #12,986
  • Jun 5, 2020 10:04am Jun 5, 2020 10:04am
easily explained
is waiting for these marked fields
you don't need to buy indicators
this is possible every time
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 87 KB
Attached File(s)
File Type: ex4 OverLayChart.ex4   16 KB | 349 downloads
  • #12,987
  • Jun 5, 2020 10:07am Jun 5, 2020 10:07am
Quoting kette
{quote} That's my hobby just show how easy it is to act
I have been following a couple of trading systems on FF, the system you trade appears very consistent. Also thank you for all the currency strength and evaluation indicators, would you be so kind to share your template, I am struggling to arrange the indicators as you have them well fitted on one screen.
Trade Without Fear
  • #12,988
  • Jun 5, 2020 10:09am Jun 5, 2020 10:09am
Quoting Rubernet
{quote} I have been following a couple of trading systems on FF, the system you trade appears very consistent. Also thank you for all the currency strength and evaluation indicators, would you be so kind to share your template, I am struggling to arrange the indicators as you have them well fitted on one screen.
sorry i forgot
  • #12,989
  • Jun 5, 2020 10:18am Jun 5, 2020 10:18am
Quoting Rubernet
{quote} I have been following a couple of trading systems on FF, the system you trade appears very consistent. Also thank you for all the currency strength and evaluation indicators, would you be so kind to share your template, I am struggling to arrange the indicators as you have them well fitted on one screen.

a tip from me, only trade if certain things fit this chart and mp where the poc is and gap
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 98 KB
Click to Enlarge Name: EURGBPM5 poc.png Size: 95 KB
  • #12,990
  • Jun 5, 2020 10:32am Jun 5, 2020 10:32am
Quoting kette
{quote} a tip from me, only trade if certain things fit this chart and mp where the poc is and gap {image} {image}
My VP range differs from yours, see attached, my broker is GMT+2
Attached Image (click to enlarge)
Click to Enlarge Name: VP Range.PNG Size: 96 KB
Trade Without Fear
  • #12,991
  • Jun 5, 2020 10:34am Jun 5, 2020 10:34am
Quoting Rubernet
{quote} I have been following a couple of trading systems on FF, the system you trade appears very consistent. Also thank you for all the currency strength and evaluation indicators, would you be so kind to share your template, I am struggling to arrange the indicators as you have them well fitted on one screen.

you can download the indicators
enter your values in the marked field
here is the template in your name
Attached Image(s) (click to enlarge)
Click to Enlarge Name: scan.png Size: 69 KB
Click to Enlarge Name: USDCHFH1 ru.png Size: 124 KB
Attached File(s)
File Type: tpl Rubernet.tpl   186 KB | 338 downloads
  • #12,992
  • Jun 5, 2020 10:40am Jun 5, 2020 10:40am
Quoting Rubernet
{quote} My VP range differs from yours, see attached, my broker is GMT+2 {image}

it doesn't have to be the same every broker has a different data feed


or this setting
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mp ru.png Size: 58 KB
Click to Enlarge Name: ru.png Size: 55 KB
  • #12,993
  • Jun 5, 2020 11:53am Jun 5, 2020 11:53am
Quoting kette
{quote} a tip from me, only trade if certain things fit this chart and mp where the poc is and gap {image} {image}
that white chart is all what a trader need, daily profile, daily strength and weekly profile = map
today I did not trade, my month is good and did not want to spoil it (friday/nfp), so only watching and reading some topics, good weekend guys
Uncertainty of the market must be embraced and accepted.
  • #12,994
  • Jun 5, 2020 12:17pm Jun 5, 2020 12:17pm
Quoting slb
{quote} that white chart is all what a trader need, daily profile, daily strength and weekly profile = map today I did not trade, my month is good and did not want to spoil it (friday/nfp), so only watching and reading some topics, good weekend guys

THANK YOU,
wish you and everyone a nice weekend
  • #12,995
  • Jun 5, 2020 3:48pm Jun 5, 2020 3:48pm
Quoting kette
{quote} it doesn't have to be the same every broker has a different data feed or this setting {image} {image}
Hi kette,

what is the indicator to the very right on your chart which looks like MP or VP (the one where you marked a red gap)?

Is it Weekly Volume Profile?
I already installed
-all your indicators from page 450 post 8999
-VP Range V6
-VP V6

but I still don't see that one on my chart.

@Rubernet, thank you, and gotcha. : )
  • #12,996
  • Jun 5, 2020 3:59pm Jun 5, 2020 3:59pm
Quoting bippo
{quote} Hi kette, what is the indicator to the very right on your chart which looks like MP or VP (the one where you marked a red gap)? Is it Weekly Volume Profile? I already installed -all your indicators from page 450 post 8999 -VP Range V6 -VP V6 but I still don't see that one on my chart. @Rubernet, thank you, and gotcha. : )
ok
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 23 KB
Attached File(s)
File Type: mq4 VP-Range-v6.mq4   41 KB | 385 downloads
  • #12,997
  • Edited 5:53pm Jun 5, 2020 5:20pm | Edited 5:53pm
Quoting bippo
{quote} Hi kette, what is the indicator to the very right on your chart which looks like MP or VP (the one where you marked a red gap)? Is it Weekly Volume Profile? I already installed -all your indicators from page 450 post 8999 -VP Range V6 -VP V6 but I still don't see that one on my chart. @Rubernet, thank you, and gotcha. : )
itīs a volume profile on time range and you can define the range that you want 1040=daily 10080=weekly 43200 =monthly
you can play with these variables on the picture, to find the one that best suits to your trade
but the essential is to understand the balance/imbalance market and build a strategy from there

cheers
Attached Image
Uncertainty of the market must be embraced and accepted.
  • #12,998
  • Jun 5, 2020 6:01pm Jun 5, 2020 6:01pm
Quoting Ratel
{quote} I agree with you, but if you look at the stock markets it seems that nobody else agrees with us S&P500 as well as our own South African market is going up. See bad trading results from companies all over and yet the market keeps on going up. Crazy.
Yes, my view (i am not a professional) is that when the government monies run out, banks stop playing the game around Nov-Dec we are going to take a dive.... I started selling my shares let 2019 and sold out early 2020. Currently, it looks like a mistake because as you said the market it going up.... better be safe than sorry I say.
Saying all this, China is buying again even though since the Australian Government called for an investigation on the Covid19 handling in China they have started implementing tariffs on some stuff: Barley etc....
Only time will tell.....
Stay green!!!
  • #12,999
  • Jun 5, 2020 6:18pm Jun 5, 2020 6:18pm
Europe
prints the money so it doesn't crumble
  • #13,000
  • Jun 5, 2020 6:20pm Jun 5, 2020 6:20pm
Quoting kette
Europe prints the money so it doesn't crumble
I think it's everywhere mate, scary......
Stay green!!!
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