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Auction Market Theory and Market Profile

  • #19,961
  • Mar 11, 2022 1:55pm Mar 11, 2022 1:55pm
Quoting kette
{quote} You can buy or sell from this area. {image}
So how do you know to go long or short at that area? thanks!
  • #19,962
  • Mar 11, 2022 2:20pm Mar 11, 2022 2:20pm
Quoting Bigballer12
{quote} So how do you know to go long or short at that area? thanks!
euro m5
correlation couldn't be simpler
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH1.png Size: 70 KB
  • #19,963
  • Mar 12, 2022 1:55am Mar 12, 2022 1:55am
Quoting PoundSterlin
{quote} I know about Pivots and still use them a lot, I just struggle with Reversals etc. May I private message u bro?
Sure bro pm me any time. I trade trend reversals as well but the trend must end in a balance range. What happens with reversals is price will go up to a level then reverse immediately and people say oh its going down let me short when in reality the price went from going up in imbalance, to reversing in imbalance so the market is still searching for a fair price. If you decide to short then price can keep going down in search of fair price and you win the trade or price may go back up in search for fair price and you lose the trade or price may have found fair price which causes price range and now your short trade is stuck in a range and who knows what will happen. The range can last forever while you watch your trade anxiously.

what i do is just wait for price to get into balance before I take the trade and watch the movement. If it moves towards down like its about to break to the down side and is below the pivot then i know the market is searching for fair price to the down side. I look to make sure the nearest fair price is a a good disntance away so i know i can get a nice move.
  • #19,964
  • Mar 12, 2022 4:00am Mar 12, 2022 4:00am
Quoting scsstnt
{quote} Thank you very much,I never really understand this because I spend time on other methods,appreciate it.Kette has sent many learning material too,such a great help in this thread as with others too.I think many traders really don't like the time process for learning,quick is not an option :-) profitability takes times
Anytime buddy. There are alot of different ways to trade so I can understand why there are other methods. The key thing that I understood later in my trading after trying so many methods is this: Just because others generate excellent results with a method does not mean you can get the same results with the method.

There may be a few things that they are doing that you are not. They may see the markets in a way that you cannot. Even if they mean well and try to teach you, you may just not ever get it and then you get discouraged. That's why I like the way I trade pivots and market profile because there its super objective which I feel allows more people to understand and use it effectively.
  • #19,965
  • Mar 12, 2022 4:03am Mar 12, 2022 4:03am
Quoting Froggy
{quote} The best summarising I ever read!
haha thanks buddy. Just trying to give concise account
  • #19,966
  • Mar 12, 2022 5:12am Mar 12, 2022 5:12am
Quoting Bigballer12
{quote} So how do you know to go long or short at that area? thanks!
Hey buddy. Kette's way is awesome. I also wanted to let you know on how I would have decided to trade this so I made a screenshot of the setup. Please read from A to C

Best regards

Attached Image (click to enlarge)
Click to Enlarge Name: EUanalysis.png Size: 186 KB
  • #19,967
  • Mar 12, 2022 4:22pm Mar 12, 2022 4:22pm
Quoting kette
{quote} euro m5 correlation couldn't be simpler {image} {image}
Hey thanks for the response! I am not quite sure how this helps me to know how to go long or short? How does correlation help to know direction? thank you
  • #19,968
  • Mar 12, 2022 9:12pm Mar 12, 2022 9:12pm
Quoting Bigballer12
{quote} Hey thanks for the response! I am not quite sure how this helps me to know how to go long or short? How does correlation help to know direction? thank you
Mate,
if you don’t know how correlation can help you identify the direction of a pair you need to read about it.
kette’s chart demonstrates EU v UChf which have negative correlation. EU crosses UChf on a down trend = sell
I hope this helps you but you need to access some educational material which are many, google search will help you.
Stay green!!!
  • #19,969
  • Mar 12, 2022 9:49pm Mar 12, 2022 9:49pm
Quoting Froggy
{quote} Mate, if you don’t know how correlation can help you identify the direction of a pair you need to read about it. kette’s chart demonstrates EU v UChf which have negative correlation. EU crosses UChf on a down trend = sell I hope this helps you but you need to access some educational material which are many, google search will help you.
You are one that stands out in a crowd
people leave, but this thread will go on for ever
  • #19,970
  • Mar 13, 2022 4:21am Mar 13, 2022 4:21am
Quoting Froggy
{quote} Mate, if you don’t know how correlation can help you identify the direction of a pair you need to read about it. kette’s chart demonstrates EU v UChf which have negative correlation. EU crosses UChf on a down trend = sell I hope this helps you but you need to access some educational material which are many, google search will help you.

good buddy
I couldn't have explained it better myself.

greetings from germany
as always!!!!! the dog an extra bone from me
  • #19,971
  • Mar 13, 2022 4:40am Mar 13, 2022 4:40am
Quoting Bigballer12
{quote} Hey thanks for the response! I am not quite sure how this helps me to know how to go long or short? How does correlation help to know direction? thank you

simply explained here correlation m5
cross both pairs, plus H1 MP NZDUSD
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDUSDM5.png Size: 62 KB
  • #19,972
  • Mar 13, 2022 5:07am Mar 13, 2022 5:07am
I have to write that I have future data.
I have mentioned this several times.
I want to see what trade is and not be blind.
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  • #19,973
  • Mar 13, 2022 5:16am Mar 13, 2022 5:16am
Quoting kette
{quote} good buddy I couldn't have explained it better myself. greetings from germany as always!!!!! the dog an extra bone from me
Sleeping time !
Attached Image (click to enlarge)
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Stay green!!!
  • #19,974
  • Mar 13, 2022 5:26am Mar 13, 2022 5:26am
Quoting Froggy
{quote} Sleeping time ! {image}




my killer
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  • #19,975
  • Mar 13, 2022 6:29am Mar 13, 2022 6:29am
Quoting Froggy
{quote} Sleeping time ! {image}
Quoting kette
{quote} my killer {image}
my dog waiting for the market to open
Attached Image (click to enlarge)
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Uncertainty of the market must be embraced and accepted.
  • #19,976
  • Mar 13, 2022 6:35am Mar 13, 2022 6:35am
Quoting slb
{quote} {quote} my dog waiting for the market to open {image}

all beautiful dogs

My brother's dog


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  • #19,977
  • Mar 13, 2022 1:27pm Mar 13, 2022 1:27pm
Quoting kette
BTCUSD {image}
Hi, did you correlate btc with which currency?
  • #19,978
  • Mar 13, 2022 1:45pm Mar 13, 2022 1:45pm
Quoting kette
{quote} my killer {image}
Your cat is really beautiful! Here is Mandela 15 years old. Breakfast time !
Attached Image (click to enlarge)
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Stay green!!!
  • #19,979
  • Mar 13, 2022 1:48pm Mar 13, 2022 1:48pm
Quoting farshadfx
{quote} {image}
It was a sell pretty close to the weekly pivot of 100. It's a level to be careful about. I think the weekly pivot on the chart is essential to avoid any surprises.
Attached Image (click to enlarge)
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  • #19,980
  • Mar 13, 2022 1:55pm Mar 13, 2022 1:55pm
Quoting kette
{quote} simply explained here correlation m5 cross both pairs, plus H1 MP NZDUSD {image} {image}
So you enter when the correlation pair crosses the price? Just trying to understand better. thanks
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