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Auction Market Theory and Market Profile

  • #13,501
  • Jul 10, 2020 2:26am Jul 10, 2020 2:26am
Quoting maqfx
{quote} yup, learning a lot from it, happy to know that if you focus on it the analysis / paralysis isn't needed Just took below trade that got stopped out. I thought it'll break towards upside given how the volume was developing but it broke towards the downside. Does placement of POC in a volume profile has any role to play, POC was developing towards the top of the volume profile, and then it dropped. {image}

update

poc -gap
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Admiral Markets MT4.png Size: 143 KB
Click to Enlarge Name: GBPJPYH1.png Size: 180 KB
  • #13,502
  • Jul 10, 2020 3:08am Jul 10, 2020 3:08am
DAX


Hard to brake dax from below, bought and sold
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Admiral Markets MT4 dsa.png Size: 133 KB
Click to Enlarge Name: Admiral Markets MT4 CLOS.png Size: 133 KB
  • #13,503
  • Jul 10, 2020 3:40am Jul 10, 2020 3:40am
Great presentation on MP.

Inserted Video
Trade Without Fear
  • #13,504
  • Jul 10, 2020 4:39am Jul 10, 2020 4:39am
Quoting slb
{quote} i´m not defending no one just making a comment of your chart dont trade with a bucket shop in attached some indicatores for spread, hope you can find some utility cheers {file} {file}
Thanks slb, i will download these indis of yours. The broker respond,

"Good Day Elroy,
The trade was closed because of the wide spread."
  • #13,505
  • Jul 10, 2020 5:41am Jul 10, 2020 5:41am
Quoting Kelowkie
{quote} Thanks slb, i will download these indis of yours. The broker respond, "Good Day Elroy, The trade was closed because of the wide spread."
the spread you get demonstrate the reliability / credibility of a broker. It also depends on what type of broker you have and the account type you get from them. Read up on broker types e.g. ECN / STP or market makers.

Always read the small print, even on the tightest spreads you'd never get guarantees. Then there is slippage. So always go with a reputable broker who you know aren't going to mess you around in most cases. Some don't even offer guarantees on your SL/TP being hit due to spread / slippage variations
  • #13,506
  • Jul 10, 2020 5:50am Jul 10, 2020 5:50am
Quoting kette
{quote} update poc -gap {image} {image}
Took GJ buys, after two unsuccessful attempts, just as it breaks the value area and headed for the gap, now been stuck in the volume area in the middle.

Let's see how it goes!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Image2.png Size: 129 KB
  • #13,507
  • Jul 10, 2020 5:55am Jul 10, 2020 5:55am
Quoting Rubernet
Great presentation on MP. https://youtu.be/nYv5E5ubBdA
Thanks a lot Rubernet, just 10 minutes in and it's looking good, looking forward to finishing it.
  • #13,508
  • Jul 10, 2020 5:56am Jul 10, 2020 5:56am
Quoting maqfx
{quote} Took GJ buys, after two unsuccessful attempts, just as it breaks the value area and headed for the gap, now been stuck in the volume area in the middle. Let's see how it goes!! {image} {image}
you can provide this indicator
Attached Image (click to enlarge)
Click to Enlarge Name: Image1 (1) uz.png Size: 77 KB
  • #13,509
  • Jul 10, 2020 6:12am Jul 10, 2020 6:12am
I am early on this one again, but with CAD news out this afternoon which I will not be able to check up on, I would rather not miss out.
If the news result in AC going north instead of south, I will wait to avarge out at higher levels again.
Attached Image (click to enlarge)
Click to Enlarge Name: FF.png Size: 124 KB
  • #13,510
  • Jul 10, 2020 6:13am Jul 10, 2020 6:13am
Quoting Ratel
I am early on this one again, but with CAD news out this afternoon which I will not be able to check up on, I would rather not miss out. If the news result in AC going north instead of south, I will wait to avarge out at higher levels again. {image}
wait
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Click to Enlarge Name: AUDCADM30.png Size: 112 KB
  • #13,511
  • Jul 10, 2020 6:14am Jul 10, 2020 6:14am
dax run
Attached Image(s) (click to enlarge)
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  • #13,512
  • Jul 10, 2020 6:21am Jul 10, 2020 6:21am
Quoting kette
{quote} you can provide this indicator {image}
similar https://www.mql5.com/en/code/10086

in attached edited with only the text

cheers
Attached File(s)
File Type: ex4 ForexSession.ex4   21 KB | 217 downloads
File Type: mq4 ForexSession.mq4   6 KB | 250 downloads
Uncertainty of the market must be embraced and accepted.
  • #13,513
  • Jul 10, 2020 6:24am Jul 10, 2020 6:24am
Quoting slb
{quote} similar https://www.mql5.com/en/code/10086 in attached edited with only the text cheers {file} {file}
Thank you
nice weekend with your family
today is a good day
  • #13,514
  • Jul 10, 2020 6:30am Jul 10, 2020 6:30am
Kette,
Do you have an indi that shows the time zones during which the different markets are open? I saw somewhere that the open times of the markets are shown as a box around the price candles.
  • #13,515
  • Jul 10, 2020 6:34am Jul 10, 2020 6:34am
Quoting Ratel
Kette, Do you have an indi that shows the time zones during which the different markets are open? I saw somewhere that the open times of the markets are shown as a box around the price candles.
only have this
Attached File(s)
File Type: ex4 FXSSI.TradingSessions.ex4   92 KB | 269 downloads
  • #13,516
  • Jul 10, 2020 6:38am Jul 10, 2020 6:38am
Quoting kette
{quote} Thank you nice weekend with your family today is a good day
for you and family to
a wonderful weekend

and for all the thread participants

i´m with gu selling, like a set and forget trade and later before the market closes i will see what i have or do
Uncertainty of the market must be embraced and accepted.
  • #13,517
  • Jul 10, 2020 6:40am Jul 10, 2020 6:40am
I also have it with the times because I am too lazy to look for the right thing
  • #13,518
  • Jul 10, 2020 6:44am Jul 10, 2020 6:44am
Quoting Ratel
Kette, Do you have an indi that shows the time zones during which the different markets are open? I saw somewhere that the open times of the markets are shown as a box around the price candles.
see if this help

cheers
Attached File(s)
File Type: ex4 Sessions.ex4   22 KB | 217 downloads
File Type: mq4 Sessions.mq4   8 KB | 266 downloads
Uncertainty of the market must be embraced and accepted.
  • #13,519
  • Jul 10, 2020 6:52am Jul 10, 2020 6:52am
Quoting kette
{quote} only have this {file}
Thanks Kette,
Much appreciated.
  • #13,520
  • Jul 10, 2020 6:53am Jul 10, 2020 6:53am
Quoting slb
{quote} see if this help cheers {file} {file}
Thanks SLB. I will check it out.
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