Auction Market Theory and Market Profile

Quoting sharingan9

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{quote} {image} I agree with kette. Price left the value area from march 8(blue) and looked for a new fair price and found one when it the value area from march 7(light blue). Now it i is ranging in a value area(yellow) in between the one from march 7 and march 8. The market is not seeking a poc now it is in balance. WHen in balance trade the range as kette has said. I do not trade ranges so I just wait for a range breakout where the value areas are further apart so i can trade a larger move. GU is too congested for me now

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Quoting PoundSterlin

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{quote} I wish I could gain mentorship from you. Thank you very very much brother. That was a very insightful analysis Where have u been all along bro?

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Quoting sharingan9

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{quote} Haha no problem. Ive been here just lurking. Ive combned market profile with pivots and I find they work well together. Market profile shows me the key levels the market searches for while the pivots provide me sentiment and entry

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Quoting sharingan9

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{quote} Market profile doesnt use actual volume. It uses time price opportunities(TPOs) which show market activity over time. In other words market profile is designed to show how much time the market spent at price levels. The rotations(range, balance) are a type of price movement that spends more time at levels so when the market forms ranges the profile will become wider to show this range(balance). The directional moves(trend or imbalance) are a type of price movement that spends little time at levels so when the market forms trends or breaks...

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Quoting PoundSterlin

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{quote} I know about Pivots and still use them a lot, I just struggle with Reversals etc. May I private message u bro?

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Quoting scsstnt

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{quote} Some of the best traders earn well, using a combination of various systems and its not only confluence I mean that is just the tip of the iceberg,you have to think outside the box most times and twist the system around make it work for you,in the LIVE market conditions,for example waiting on the perfect candlestick pattern may never shown itself easily,sometimes hidden deep in structure with searching,you have to work with what is in front of you here and now.

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Quoting sharingan9

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{quote} Market profile doesnt use actual volume. It uses time price opportunities(TPOs) which show market activity over time. In other words market profile is designed to show how much time the market spent at price levels. The rotations(range, balance) are a type of price movement that spends more time at levels so when the market forms ranges the profile will become wider to show this range(balance). The directional moves(trend or imbalance) are a type of price movement that spends little time at levels so when the market forms trends or breaks...

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Quoting Froggy

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{quote} The best summarising I ever read!

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Quoting PoundSterlin

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{quote} I hear your standing point buddy,, but I've tried to watch videos and courses, and I'm still in the dark. I just need someone to help shed the light. A simple explanation of trades from Monday to Friday, I would have got the idea fully, and me learning from an advanced trader on profile, enables me to also be patient to the other traders who also dont understand like me.

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Quoting scsstnt

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{quote} You have the live market conditions right here in front you everyday for free,brillant traders with vast experience ,just be patient and discipline,I could tell you darkness doesn't exist here,when we were in college I think all of us did past past papers revision,this is to have practice and become better so when the real exam happens we're more than prepared.Treat the forex charts same way,no different,use the weekends to review what went wrong,always identify the weakness,it will exist,perfection not possible.Ask questions never...

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Quoting kette

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cadjpy direction monday ???? {image}

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Quoting kette

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GU stands in front of the poc level tuesday,as you can see there was not much volume. waiting for london to open who trades this boring pair. {image}

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Quoting farshadfx

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{quote} {image}

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Quoting kette

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{quote} ???? {image}

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Quoting farshadfx

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{quote} Hi Kette, I'm late again. trying my best but ...

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