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Auction Market Theory and Market Profile

  • #13,561
  • Jul 13, 2020 3:29pm Jul 13, 2020 3:29pm
en long
closed
Attached Image (click to enlarge)
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  • #13,562
  • Jul 13, 2020 4:13pm Jul 13, 2020 4:13pm
Quoting kette
en long closed {image}
wow new toy

stupid question, but where would you put your entry on the footprint tool?
  • #13,563
  • Jul 13, 2020 4:20pm Jul 13, 2020 4:20pm
Quoting kette
en I'm long and I'm building am of the opinion it will be bought slowly now forms a bottom {image} {image}

I traded the correlation
  • #13,564
  • Jul 13, 2020 7:01pm Jul 13, 2020 7:01pm
After an early loss on GJ sell this morning, took a pending order to trade the zone marked up, price kept dropping, and eventually nearly hit TP (closed manually due to a pullback).

Have to start incorporating other confirmations.
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  • #13,565
  • Jul 13, 2020 11:37pm Jul 13, 2020 11:37pm
Quoting maqfx
After an early loss on GJ sell this morning, took a pending order to trade the zone marked up, price kept dropping, and eventually nearly hit TP (closed manually due to a pullback). Have to start incorporating other confirmations. {image}

good trade
well seen
  • #13,566
  • Jul 14, 2020 6:19am Jul 14, 2020 6:19am
I donīt like to double post, but since a lot of folks only access this thread here, I decided to do it. Here is the birdīs eye view of SP at the moment, I am practicing the Mesch method:

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  • #13,567
  • Jul 14, 2020 7:21am Jul 14, 2020 7:21am
Look at this, beautiful. So, if the theory is valid and works, it should work in any market and timeframe, right? I configured the indicator to plot 30min profiles composed of 1min periods. So I started merging the profiles and things started to become clear, of what market is trying to do. So you can see how in the end the merged profiles formed a bigger one with undeveloped bellcurve, and now that the lower mode (POC) became bigger than the upper one, means buyers are in control. You can see how that big ass lower POC is serving as a springboard now. IF the theory is valid, then market is supposed to go up to fill the pocket and build a nice complete bellcurve. You can see that the people who bought at those springs got in a excellent positions. Yesterday I even bought at a better price, even lower. I closed the position before going to sleep, before doing this type of analysis. If I had done this, I would have certainly held the position. This showed me that closing the position was a mistake:

Attached Image (click to enlarge)
Click to Enlarge Name: TPO SP merged 30min A.png Size: 96 KB
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Here where I entered yesterday at end of NY session:

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  • #13,568
  • Jul 14, 2020 7:42am Jul 14, 2020 7:42am
Quoting Gauer
I donīt like to double post, but since a lot of folks only access this thread here, I decided to do it. Here is the birdīs eye view of SP at the moment, I am practicing the Mesch method: {image}{image}{image}{image}

you tried very hard, thanks
hopefully some will read it
  • #13,569
  • Jul 14, 2020 7:47am Jul 14, 2020 7:47am
that's why my trade consists of poc and gap
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  • #13,570
  • Jul 14, 2020 10:21am Jul 14, 2020 10:21am
Quoting Gauer
Look at this, beautiful. So, if the theory is valid and works, it should work in any market and timeframe, right? I configured the indicator to plot 30min profiles composed of 1min periods. So I started merging the profiles and things started to become clear, of what market is trying to do. So you can see how in the end the merged profiles formed a bigger one with undeveloped bellcurve, and now that the lower mode (POC) became bigger than the upper one, means buyers are in control. You can see how that big ass lower POC is serving as a springboard...
Hi Gauer, great visuals and explanation, what Kette has been showing all along, very interested to use your indi for analyses if you mind sharing.
Trade Without Fear
  • #13,571
  • Jul 14, 2020 11:38am Jul 14, 2020 11:38am
Quoting Rubernet
{quote} Hi Gauer, great visuals and explanation, what Kette has been showing all along, very interested to use your indi for analyses if you mind sharing.

Hi there, I am glad you like it.

I bought the indicator here:

https://www.mql5.com/pt/market/product/3033


To me it is the best for MT4, very easy to merge profiles, and it is light on CPU.
  • #13,572
  • Jul 14, 2020 11:59am Jul 14, 2020 11:59am
Quoting kette
{quote} good trade well seen
Thanks so much, mate for your support and guidance on it.
  • #13,573
  • Edited 12:18pm Jul 14, 2020 12:06pm | Edited 12:18pm
So entered two trades, been watching GJ, so far practicing gaps but really keen to understand Initial Balance Concept and how market open / previous sessions impact current session.

1 & 2. This was low volume area, that had been visited, used blue arrow for upside movement in addition to buying tail (at the time I took the trade). Orange box is buy entry and exit.

3. Idea was that this gap will be filled, but price keeps getting pushed down. I thought now that the price had touched low vol area, it'll go back up, but no.

4. This was the target, but I exited early. due to bad reversal, caught like 14 pips though.

Update:

GJ Dumped, so entered another buy at the bottom, currently running, hoping it'll break this zone and continue upwards. Still same theory, if it breaks this congestion zone it's been holding for a while, clean traffic upwards I think.
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  • #13,574
  • Jul 14, 2020 12:21pm Jul 14, 2020 12:21pm
Quoting maqfx
So entered two trades, been watching GJ, so far practicing gaps but really keen to understand Initial Balance Concept and how market open / previous sessions impact current session. 1 & 2. This was low volume area, that had been visited, used blue arrow for upside movement in addition to buying tail (at the time I took the trade). Orange box is buy entry and exit. 3. Idea was that this gap will be filled, but price keeps getting pushed down. I thought now that the price had touched low vol area, it'll go back up, but no. 4. This was the target,...

gj has a trend towards the south at the moment
smaller longs with 10-15 points are possible
not interesting for me
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  • #13,575
  • Jul 14, 2020 12:43pm Jul 14, 2020 12:43pm
I'm in the dow test vsa volume with future
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  • #13,576
  • Jul 14, 2020 1:50pm Jul 14, 2020 1:50pm
Quoting kette
{quote} gj has a trend towards the south at the moment smaller longs with 10-15 points are possible not interesting for me {image}
Yeah, it was messing around that zone, so I closed it.



By the way, what have they done to forexfactory forum, I can't just copy and paste screenshots anymore I have to save them as images and then attach! Are you guys experiencing this too?
  • #13,577
  • Jul 14, 2020 2:12pm Jul 14, 2020 2:12pm
Quoting kette
{quote} gj has a trend towards the south at the moment smaller longs with 10-15 points are possible not interesting for me {image}
Also, wondering if you have minmax where I can stop / start buy sell alerts that you can kindly share. The version I have doesn't allow that.

Many thanks in advance.

Cheers,
Ahsan
  • #13,578
  • Jul 14, 2020 2:33pm Jul 14, 2020 2:33pm
Quoting maqfx
{quote} Yeah, it was messing around that zone, so I closed it. By the way, what have they done to forexfactory forum, I can't just copy and paste screenshots anymore I have to save them as images and then attach! Are you guys experiencing this too?

I also noticed that with the pictures
  • #13,579
  • Jul 14, 2020 2:35pm Jul 14, 2020 2:35pm
Quoting maqfx
{quote} Also, wondering if you have minmax where I can stop / start buy sell alerts that you can kindly share. The version I have doesn't allow that. Many thanks in advance. Cheers, Ahsan
I only trade H4 and D1
otherwise, always monitor all time units




without alarm
Attached File(s)
File Type: ex4 moving-minmax-indicator.ex4   25 KB | 292 downloads
  • #13,580
  • Jul 14, 2020 2:37pm Jul 14, 2020 2:37pm
Quoting kette
I'm in the dow test vsa volume with future {image}

close
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