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Auction Market Theory and Market Profile

  • #21,301
  • Oct 13, 2022 11:46am Oct 13, 2022 11:46am
Hi traders, I have a question: Which is the point of control on the market profile? and the other form what mean?
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  • #21,302
  • Oct 13, 2022 3:09pm Oct 13, 2022 3:09pm
Quoting 1odi
{quote} hi kette. a question if u don t mind. what made u feel so certain about pound heading higher today? asking cos i trade with a weekly VP and a weekly VWAP and day by day VP and vwap, plus SR, order blocks, looking for gaps fill etc. what i saw for example today on GA was that it was ranging between weekly POC and yesterdays POC. was it a break out trade? i was afraid it might spike up to take Stops and head lower since Aussie is heading to fresh low ground. what are ur thoghts on this as i m keen to fill in the gaps in my trading regarding...
recognising gaps and trading correctly is easy for experienced traders.
I have set up several charts myself - all real trades.
GA which gap do you mean.
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  • #21,303
  • Oct 13, 2022 3:18pm Oct 13, 2022 3:18pm
Quoting Steven40
Hi traders, I have a question: Which is the point of control on the market profile? and the other form what mean? {image}

poc with the most volume called vpoc.
POC most traded price.
this is basic knowledge.
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  • #21,304
  • Oct 13, 2022 4:22pm Oct 13, 2022 4:22pm
Ok thanks Kette, I know about the POC, but in Forex I cannīt to believe in that VPoc, what is broker volume.
  • #21,305
  • Oct 13, 2022 4:34pm Oct 13, 2022 4:34pm
Quoting Steven40
Ok thanks Kette, I know about the POC, but in Forex I cannīt to believe in that VPoc, what is broker volume.

you shouldn't take the vpoc so seriously, it's interesting to see which price has the most volume.
I see the future as the main currency.
  • #21,306
  • Oct 14, 2022 8:08am Oct 14, 2022 8:08am
Do you mean that we should consider the VPOC, but looking at the future of the coin, if it coincides with that level. Thanks for the info kette.
  • #21,307
  • Oct 14, 2022 10:22am Oct 14, 2022 10:22am
GBPUSD short today. London session was bearish and below yesterday's close. NY open below London POC and VA. Trailing stop activated and stopped out with a small profit.
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  • #21,308
  • Oct 14, 2022 11:03am Oct 14, 2022 11:03am
Quoting fortyfive20
GBPUSD short today. London session was bearish and below yesterday's close. NY open below London POC and VA. Trailing stop activated and stopped out with a small profit. {image}
I’m in the same situation
  • #21,309
  • Oct 16, 2022 6:20am Oct 16, 2022 6:20am
Quoting Steven40
Do you mean that we should consider the VPOC, but looking at the future of the coin, if it coincides with that level. Thanks for the info kette.
Kette,
what a performance each day. Still not sure how you are doing this. Follow the trend is one thing but exactly to know where a special currency pair is going is hard to do. My impression is that you always know this. But this time I want to ask you how you are monitoring all 28 pairs to exactly know in which currency pair we will have a clear trend and movement. Are you considering each time frame before deciding for a trade (D1, H4, H1, M30, M15 or also M5) ? Would be great to have some kind of your thinking process during early morning. MANY THANKS !
  • #21,310
  • Oct 16, 2022 7:00am Oct 16, 2022 7:00am
Quoting BernieL
{quote} Kette, what a performance each day. Still not sure how you are doing this. Follow the trend is one thing but exactly to know where a special currency pair is going is hard to do. My impression is that you always know this. But this time I want to ask you how you are monitoring all 28 pairs to exactly know in which currency pair we will have a clear trend and movement. Are you considering each time frame before deciding for a trade (D1, H4, H1, M30, M15 or also M5) ? Would be great to have some kind of your thinking process during early morning....

hallo

It's simple, requires a lot of practice and quick decision-making.
correlation and the couple that is traded the most.
compare this in the market profile where your pair stands where you want to trade.


https://marketmilk.babypips.com/currency-strength
  • #21,311
  • Oct 17, 2022 10:32am Oct 17, 2022 10:32am
Audjpy
gbpjpy
gbpusd
gbpchf
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  • #21,312
  • Oct 17, 2022 12:05pm Oct 17, 2022 12:05pm
Good morning y'all! GBPUSD long today, stopped out. London session bullish, trading way above Friday's close, and NY open above London's VA. Placed a Buy Stop order close to the London session's VAH, but when price took off I opened a long position, which was not that well placed. Trailing stop was activated and was stopped out. Small profit. Done for the day.
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  • #21,313
  • Oct 17, 2022 5:31pm Oct 17, 2022 5:31pm
Quoting kette
{quote} hello that may be, for me it was worth it. {image}
what is the name of this platform
I see currnecy footprint chart
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khaledAly
  • #21,314
  • Oct 18, 2022 8:35am Oct 18, 2022 8:35am
Quoting AmeerDareesh
{quote} what is the name of this platform I see currnecy footprint chart {image}

page 1063

post 21260
  • #21,315
  • Oct 18, 2022 8:42am Oct 18, 2022 8:42am
Quoting kette
{quote} hallo It's simple, requires a lot of practice and quick decision-making. correlation and the couple that is traded the most. compare this in the market profile where your pair stands where you want to trade. https://marketmilk.babypips.com/currency-strength

NZDUSD
NZDJPY
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  • #21,316
  • Oct 18, 2022 8:45am Oct 18, 2022 8:45am
Kette, please I need some indications on wild horse, as it is on fire today and I wish to try to understand whats next.
Your charts could be an useful help on this difficult job.....
Thanks in advance my friend!
I call upon my father's spirit , watching over me
  • #21,317
  • Oct 19, 2022 11:40am Oct 19, 2022 11:40am
Morning everyone! Here's my GBPUSD short from today. London session was bearish and managed to trade below yesterday's low. Ny open was at London's POC so I placed a sell order right away with target at 1.12000.
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  • #21,318
  • Oct 20, 2022 9:30am Oct 20, 2022 9:30am
GBPUSD Long. London session was bullish, trading inside yesterday's range, and trading above yesterday's close. Placed a buy limit order close to London's VAH. Price spiked and traded above my profit target. Done for the day!
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  • #21,319
  • Edited 5:10am Oct 21, 2022 4:50am | Edited 5:10am
USDCHF

LONG
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  • #21,320
  • Oct 21, 2022 5:33am Oct 21, 2022 5:33am
Quoting kette
USDCHF LONG {image} {image} {image} {image}
That's a beautiful 500 pips kette! The weak me would have exited the trade long time ago lol

What is your usual exit plan? What made you hold the position so long?
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