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Auction Market Theory and Market Profile

  • #24,681
  • Edited 8:00am Mar 15, 2024 7:46am | Edited 8:00am
EURUSD

short


USDJPY
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  • #24,682
  • Mar 15, 2024 8:28am Mar 15, 2024 8:28am
If we use Auction Theory, this is what will happen !
I did not want to blow up this account, and relied only on Auctions !
It grew from 10K to this now!
But, its only a DEMO !
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Ravi Kiran T V
  • #24,683
  • Mar 15, 2024 10:52am Mar 15, 2024 10:52am
Quoting kette
EURUSD short USDJPY {image} {image} {image}
EURO

has taken a long time to slide , today hardly any volume .
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  • #24,684
  • Mar 15, 2024 1:22pm Mar 15, 2024 1:22pm
Quoting Investigator
{quote} Thanks a lot MM so if i understood Correctly and open drive can still count as open drive even if opens within value area as long as the open drive goes out of value to seek new value outside and it does not overlaps? its been so hard to find an answer to this due to the question being very VERY specific on a very specific topic HAHA, its been hell im telling you, thank you so much.
Hello again Investigator,

Yes you are correct, an open drive can happen anywhere. However, the greater context of the market will determine whether or not it is important or not. For example if its taking place after a gap up/down, within/outside value or general trading range.

It may or may not overlap, this is usually seen at the end of the day though. Whether or not you see an open-drive that takes place completely within value and/or the trading range as important is up you, the trader. Personally I wouldn't give it much weight unless its the trading range on and immediately after a really important economic news/data release (that shocks markets) as these can be really good support/resistance levels and reference points.

The opposite would be a open-drive after a gap up/down (strong trend continuation = initiative activity OR mean reverting = responsive activity) then that is objectively a very significant price auction, and the open-drive price range is not only a very important S/R level but also a reference point to monitor the strength-continuation/reversal of the trend.

Yeah your right there is no definitive answers to this stuff, this is all theory, down to interpretation. It's always great to meet another AMT trader though!

Trade safe,

MM
Seeking Fair Value
  • #24,685
  • Mar 15, 2024 5:52pm Mar 15, 2024 5:52pm
Quoting kette
{quote} these settings are all the same. here is the template {image} {file} {image}
Hi Kette,

Thanks for the template but it contain only one indicator 5Week levels.. please see attached file
Attached File(s)
File Type: pdf kette_marketprofile.pdf   131 KB | 425 downloads
  • #24,686
  • Mar 16, 2024 7:11am Mar 16, 2024 7:11am
Quoting repapipsjoe
{quote} Hi Kette, Thanks for the template but it contain only one indicator 5Week levels.. please see attached file {image}

yes
Attached File(s)
File Type: mq4 5WeekHL BT.mq4   21 KB | 401 downloads
File Type: mq4 MarketProfile 1.22.mq4   159 KB | 491 downloads
File Type: mq4 MarketProfile 1.21.mq4   159 KB | 417 downloads
File Type: ex4 pipsometer_5_decimal.ex4   4 KB | 331 downloads
  • #24,687
  • Mar 16, 2024 9:00am Mar 16, 2024 9:00am
Quoting makingmoves
{quote} Hello again Investigator, Yes you are correct, an open drive can happen anywhere. However, the greater context of the market will determine whether or not it is important or not. For example if its taking place after a gap up/down, within/outside value or general trading range. It may or may not overlap, this is usually seen at the end of the day though. Whether or not you see an open-drive that takes place completely within value and/or the trading range as important is up you, the trader. Personally I wouldn't give it much weight unless...
Thanks a lot MM

my doubts are now satisfied lol, it always made sense to me this way but i just nedeed reassurement. i really appreciate it
  • #24,688
  • Mar 16, 2024 9:04am Mar 16, 2024 9:04am
What are you guys settings for market profile price increment per tick? on sierra chart there is this option that allows you to modify how for each price incremet in ticks a new tpo gets formed, i had it at 1 so i can see every dam tpo formed no matter what. do you guys have it like that or what increment per
tick do you guys use?
  • #24,689
  • Mar 19, 2024 4:09am Mar 19, 2024 4:09am
Quoting kette
{quote} EURO has taken a long time to slide , today hardly any volume . {image}
EURUSD

TP
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  • #24,690
  • Mar 19, 2024 4:15am Mar 19, 2024 4:15am
GOLD
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  • #24,691
  • Mar 19, 2024 4:25am Mar 19, 2024 4:25am
Quoting kette
GOLD {image}
Maybe I am greedy again
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  • #24,692
  • Mar 19, 2024 4:41am Mar 19, 2024 4:41am
Quoting vnechev
{quote} Maybe I am greedy again {image}

That could be, I'm out
  • #24,693
  • Mar 19, 2024 4:44am Mar 19, 2024 4:44am
NZDUSD


only doing small trades today, i'm going swimming at noon
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  • #24,694
  • Mar 19, 2024 4:54am Mar 19, 2024 4:54am
USDCHF



I still hold my dollar
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  • #24,695
  • Mar 19, 2024 5:08am Mar 19, 2024 5:08am
DAX40

long the buying volume remains above the poc
11am economic news and ZEW expectations could not stop the buyers at the moment
25 points would be a good result
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  • #24,696
  • Mar 19, 2024 4:33pm Mar 19, 2024 4:33pm
Hi guys, sorry for asking - could you point to which posts are important or up to date to learn the concepts or indicators used for this strategy?
  • #24,697
  • Mar 20, 2024 5:25am Mar 20, 2024 5:25am
USDCAD

poc -long
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  • #24,698
  • Mar 20, 2024 5:27pm Mar 20, 2024 5:27pm
hi.
i always enjoy watching this thread but actually not much can't learn because lack of my knowledge.
i thanks for everyone who shared some of indicator and also pdf regard to market profile and delta .
but even though read pdf or post i can't grasp how work market profile and how to apply to real strategy.
any advice or recommend book or youtube channel etc ?
thanks !
  • #24,699
  • Mar 20, 2024 8:04pm Mar 20, 2024 8:04pm
Hi Everyone,

I am new using TPO chart in Mt4.

I am using the following indicator riv_ay-TPOChart.v102-6

My profile day starts after 2 hours from the 00:00 of Mt4 platform. Please find below image. At the bottom to the right it says DayStartHour : 2.

Can anyone now how to fix it? I would like to start at 00:00. It will be highly appreciated.

Thank you!
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  • #24,700
  • Mar 21, 2024 5:22am Mar 21, 2024 5:22am
Quoting leeangelhora
Hi Everyone, I am new using TPO chart in Mt4. I am using the following indicator riv_ay-TPOChart.v102-6 My profile day starts after 2 hours from the 00:00 of Mt4 platform. Please find below image. At the bottom to the right it says DayStartHour : 2. Can anyone now how to fix it? I would like to start at 00:00. It will be highly appreciated. Thank you! {image}
Hello
set to zero in the menu
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