Welcome back kette
Took a long EURUSD today, price established above current days' VPOC
Took a long EURUSD today, price established above current days' VPOC
Attached Image (click to enlarge)
3
Auction Market Theory and Market Profile
- #17,062
- Edited 6:11pm Sep 20, 2021 5:50pm | Edited 6:11pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
USD/JPY
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #17,072
- Sep 21, 2021 3:56am Sep 21, 2021 3:56am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
EURUSD Important Levels for Trade
{quote} EURCAD simple story buy deep poc level from last wednesday was traded volume shows a nice trend, slowly rising {image}
Kette thx a lot for sharing your idea
From what I understand, you mean it
1. Buy as the price is below the POC
2. Sell as the price is above the POC
If I understand your thought correctly, it is theoretically a MP/VP responsive strategy.
So simple but so hard
Could you please add something more?
1. Whether you are considering the current, last or several daily VPs
2. What does the price below the POC mean to you? for ex. each new day with a price above / below the POC of the previous day? or different?
3. Do you somehow take into account the trend? i.e. defacto you are entering a pullback of a larger trend?
- #17,074
- Sep 21, 2021 4:32am Sep 21, 2021 4:32am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} Kette thx a lot for sharing your idea
the trade itself is really simple
here EURGBP poc last week wednesday
yesterday buy from the val (low area)
the other days the price is above the poc of thursday and friday
small trend
- #17,075
- Sep 21, 2021 4:36am Sep 21, 2021 4:36am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
GBPUSD long {image}
perfect trade
{quote} the trade itself is really simple here EURGBP poc last week wednesday yesterday buy from the val (low area) the other days the price is above the poc of thursday and friday small trend {image}
Thank you for your patience, I'm probably humming near your ear: P
I try to understand well the reasoning in making decisions:
1. At the end of Wednesday, you found the price closed below the POC - why didn't you do a LONG, what signal / confirmation were you waiting for?
Theoretically, the BUY condition is met = if the price is below the POC then BUY
2. On Thursday the price closed a bit under the POC why didn't you LONG, what signal / confirmation were you waiting for?
Theoretically, the BUY condition is met = if the price is below the POC then BUY
3. On Friday the price closed a bit above the POC why didn't you LONG, what signal / confirmation were you waiting for?
Theoretically, the SELL condition is met = if the price is above the POC then SELL
4. On Monday you made a LONG around the 2-3 o'clock candle that day? (it's a dark night for me
)What sequence / pattern of daily POC & price were you waiting for from Wednesday to Monday?
What did you see on Monday at 2-3 candles that made you long?
BTW: maybe it is impossible to describe it, and it is art
- #17,079
- Sep 21, 2021 8:11am Sep 21, 2021 8:11am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} Thank you for your patience, I'm probably humming near your ear: P I try to understand well the reasoning in making decisions: 1. At the end of Wednesday, you found the price closed below the POC - why didn't you do a LONG, what signal / confirmation were you waiting for? Theoretically, the BUY condition is met = if the price is below the POC then BUY
it is a little difficult to describe
You have to have an eye for this trade. I am not interested in which candle is where, I have written it many times, watch the volume in the past.
Better for beginners the correlation.
