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Auction Market Theory and Market Profile

  • #261
  • Feb 10, 2011 7:01am Feb 10, 2011 7:01am
Quoting mima
Hello bandung
try attached MP indicator...I use it...but doesn't have ability that your indicator have...maybe you can fix it by adding such feature (
its daily ( or for example M30) profiles... can be viewed on M5 to H1 TF...)

Thank you in advance
your indy removes all text objects from other indi's. what do the lines represent, some label may be good there. besides that the profile looks fairly accurate.
Change is the only constant
  • #262
  • Feb 10, 2011 7:25am Feb 10, 2011 7:25am
Quoting tgwhbb
Can someone post a similar H4 chart using futures please to compare volume and profiles. Thanks.
Morning gentlemen,

I've been pretty busy this morning and watching the 15m. I haven't taken any trades, the order flow has been super bearish all day with no good rallies to get short on.

Right now we may have some buyers at the weekly VAL. The VAL of the two previous weeks as well as the VAH of the week before those are all lined up pretty nicely.

I'm going to continue sitting on the sidelines unless I see something really pretty.

The first chart is 4h weekly futures with volume profiles, the next is a 15m with daily profiles.
Attached Image(s) (click to enlarge)
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  • #263
  • Feb 10, 2011 7:35am Feb 10, 2011 7:35am
Quoting tgwhbb
your indy removes all text objects from other indi's. what do the lines represent, some label may be good there. besides that the profile looks fairly accurate.
Indy is not mine ...yes that is the problem...objects that you draw on chart are deleted by changing time frame...there is way to fix it...later on
I will let you know how...
The Market pays you to be disciplined
  • #264
  • Feb 10, 2011 7:36am Feb 10, 2011 7:36am
Quoting bandung
unfortunately mima, i can't figure it out the way it work... it using .ex4 library(mplib.ex4) to process all its mp calculation..

but thanks for the indicator..
Well if you can take some ideas from it and build it in yours would be great...
The Market pays you to be disciplined
  • #265
  • Feb 10, 2011 7:57am Feb 10, 2011 7:57am
EU responsive buying at NY IBL and LO DIBL. long with target 3630 (NY IBH). Based on wide NY IB i'm not looking for any breakouts today, EU will likely range for the rest of the day. Of course, someone/thing can always throw a wrench in that plan
Change is the only constant
  • #266
  • Feb 10, 2011 8:15am Feb 10, 2011 8:15am
Quoting frankkn
Morning gentlemen,

I've been pretty busy this morning and watching the 15m. I haven't taken any trades, the order flow has been super bearish all day with no good rallies to get short on.

Right now we may have some buyers at the weekly VAL. The VAL of the two previous weeks as well as the VAH of the week before those are all lined up pretty nicely.

I'm going to continue sitting on the sidelines unless I see something really pretty.

The first chart is 4h weekly futures with volume profiles, the next is a 15m with daily profiles.
thx for the charts. your weekly profiles look like mine on spot, what do you think of my interpretation in my earlier post? if price does not get out of this 3600 area today and start building value higher, we may end the week with a lower POC...

interesting how your 15M profile is much different than mine...
Change is the only constant
  • #267
  • Feb 10, 2011 8:19am Feb 10, 2011 8:19am
Quoting tgwhbb
thx for the charts. your weekly profiles look like mine on spot, what do you think of my interpretation in my earlier post? if price does not get out of this 3600 area today and start building value higher, we may end the week with a lower POC...

interesting how your 15M profile is much different than mine...
On the left is euro futures 15m with a daily volume profile, and on the right is 15m spot euro/usd with daily TPO profile. There was some demand that came in at the futures' VAL and responsive looking buying in the spot market. Right now we're testign VAL from the outside. I hope we break through because I'm looking for shorts but first I need to see a rally.
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  • #268
  • Feb 10, 2011 8:26am Feb 10, 2011 8:26am
Quoting frankkn
On the left is euro futures 15m with a daily volume profile, and on the right is 15m spot euro/usd with daily TPO profile. There was some demand that came in at the futures' VAL and responsive looking buying in the spot market. Right now we're testign VAL from the outside. I hope we break through because I'm looking for shorts but first I need to see a rally.
3630 would be the place to short IMO. its the IBH for NY, and coincides with that HVN's POC. I'm long till there, waiting for reaction. if there is initiative buiyng there next target is DIBH at 1.3679. But i doubt that will happen as today is shaping up to be a trend day downwards.
Change is the only constant
  • #269
  • Feb 10, 2011 8:37am Feb 10, 2011 8:37am
Quoting tgwhbb
3630 would be the place to short IMO. its the IBH for NY, and coincides with that HVN's POC. I'm long till there, waiting for reaction. if there is initiative buiyng there next target is DIBH at 1.3679. But i doubt that will happen as today is shaping up to be a trend day downwards.
My TPO value area now closely matches my futures VA. We're just under the TPO POC. This area is just below yours and is also a 15m supply area.

Edit:

Added screen shot, and also this rally is too little too late. If I'm going to take a position at this time of day I'd like a better price still. Price may take a nice bounce but as I trade larger size I'm content waiting for only the really gorgeous trades that only show up a couple times a week.

The confluence of structure is very tempting though.
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  • #270
  • Feb 10, 2011 8:46am Feb 10, 2011 8:46am
Quoting frankkn
My TPO value area now closely matches my futures VA. We're just under the TPO POC. This area is just below yours and is also a 15m supply area.

Edit:

Added screen shot, and also this rally is too little too late. If I'm going to take a position at this time of day I'd like a better price still. Price may take a nice bounce but as I trade larger size I'm content waiting for only the really gorgeous trades that only show up a couple times a week.

The confluence of structure is very tempting though.
closed my long, didn't like the stalling at 3623. not ready to short just yet though...
Change is the only constant
  • #271
  • Feb 10, 2011 8:48am Feb 10, 2011 8:48am
Quoting tgwhbb
not ready to short just yet though...
Agreed, I need to see a real rally first. We're still too close to demand
  • #272
  • Feb 10, 2011 8:52am Feb 10, 2011 8:52am
Quoting frankkn
Agreed, I need to see a real rally first. We're still too close to demand
damn, missed out on 11pips...should have held to my TP 30 pips banked is nothing to complain about though.

anyone else notice the recent upbars are on decreasing volume....this smells like london fixing...
Change is the only constant
  • #273
  • Feb 10, 2011 9:03am Feb 10, 2011 9:03am
EU has closed above the NY/LO IBH on 30M. That signals further upside potential to DIBH (3680). BUT, LO and NY IB's were quite wide, signalling likely range type session. and the profile is shaping up to be a trend profile - down.

To many mixed signals for me at the moment. Going to watch on the sidelines.
Change is the only constant
  • #274
  • Feb 10, 2011 4:51pm Feb 10, 2011 4:51pm
Quoting HIFX
Alexm

The volume on your chart is that from a live account ? the reason i ask my live MIG account has very different levels i am aware they vary from broker to broker.I have my suspicions about Migs flows ,but i also use futures volume and other platforms for reference.Need to get esignal.
Also is that VSA signals v1.1 you have on your chart ?

regards.
Hi HIFX,

Yes it is a live account from VarengoldFX.

Yes that is VSA v1.01 from Malc thread. It is free and quite accurate.
  • #275
  • Feb 11, 2011 5:08am Feb 11, 2011 5:08am
anyone here know how to convert MT5 code to MT4? This indi for MT5 looks exactly like what i'd like to have on my charts....

http://codebase.mql4.com/6211
Change is the only constant
  • #276
  • Edited 7:51am Feb 11, 2011 5:14am | Edited 7:51am
Back to where we started on the 7th -here we go again ? still watching the H/S on daily and inverted H/S on DIX.Carefull long from 35326
hifx
  • #277
  • Feb 11, 2011 5:22am Feb 11, 2011 5:22am
Quoting HIFX
Back to where we started on the 7th -here we go again ? still watching the H/S on daily and inverted H/S on DIX.Carefull long from 35326
leave some wiggle room with that long. NY initial balance now forming for the next 40 minutes. if it wants to go up it will likely first test the london DIBL again.
Change is the only constant
  • #278
  • Feb 11, 2011 5:29am Feb 11, 2011 5:29am
EU M5 stopped making higher highs just under the london IBL, and M15 shows a ND. I'd be very careful with any longs right now...
Change is the only constant
  • #279
  • Feb 11, 2011 5:49am Feb 11, 2011 5:49am
EU rejected at today's developing VAH, which coincides with monday's POC at 3545. short at 3536 after the UVH upbar closing under the london IBL.

NY IB has 15 minutes left and is only 20 pips wide so far. if that doesn't change we could have an explosive NY session on our hands. I'm thinking towards 3460, the naked weekly POC, but depends on the reaction at the end of the NY IB
Attached Image (click to enlarge)
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Change is the only constant
  • #280
  • Feb 11, 2011 6:21am Feb 11, 2011 6:21am
Closed out my long for a short loss 7 loss after looking at the price action on the 4hr. Lower highs developing and i see avirgin POC @ 34672
hifx
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