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Auction Market Theory and Market Profile

  • #321
  • Feb 11, 2011 9:51pm Feb 11, 2011 9:51pm
ok last post for real this time...

frankkn, i seem to have hijacked your thread this week, sorry. not so much the next two weeks as I have a couple of business trips that will keep me away from trading...or at least from posting about trading
Change is the only constant
  • #322
  • Feb 11, 2011 10:32pm Feb 11, 2011 10:32pm
this is probably the best description i'm come across so far regarding LVN's

"You can imagine high-volume and low-volume nodes as almost like gravity. There's more gravity in the high-volume nodes and in the low-volume nodes there is little to no gravity. So price is easily affected when it is in the low-gravity vacuum of space; if it has a high velocity approaching a low-gravity area it may pass through swiftly."

from: http://www.macrotradingjournal.com/p...t-profile.html
Change is the only constant
  • #323
  • Feb 11, 2011 10:44pm Feb 11, 2011 10:44pm
Quoting declaime
Hi bandung,

first of all, there are a lot of resource suggestions in this thread provided by others. I personally can recommend the resources from this website (http://www.cmegroup.com/education/in...marketprofile/), especially the handbook in pdf-format. Moreover, the books 'Mind over Market' by James Dalton and 'Steidlmayer on Markets' by J. Peter Steidlmayer are useful.

Non of these resources solely discuss the ''initial balance concept'', but it is mentioned in all of them, and they provide a broad overview of market...
thanks Wolfgang... I got all of it now...
time to read...
...
  • #324
  • Feb 13, 2011 11:03am Feb 13, 2011 11:03am
Quoting tgwhbb
Attached is the little indicator i wrote to show initial balance lines for each session. A few notes:

 

  1. buffers (lines) are updated AFTER the initial balance of the asian, london and ny sessions. For example the lines change at 9AM for the NY session - 1 hour after the open.
  2. you can specify the session open times in the input parameters as well as some other things.

it seems to work fine for me, but if you have any issues or comments let me know via PM. I still plan on adding more to it, just need to find the time.


Hi tgwhbb,

Cool indicator.
Nice to see how it bounced off between IBL and IBH especially on EUR/USD.
Checking for the effects on other currencies.

Thank You for the indicator.
  • #325
  • Edited 2:48pm Feb 13, 2011 2:17pm | Edited 2:48pm
Quoting foxybunny
..Nice to see how it bounced off between IBL and IBH especially on EUR/USD...
Yes, they're not magic of course, but very good to know where they are. The chart below was already posted, but this time I just added the IBs. I'm thinking that "key" 6 should be 8*:

1. Yesterday's VAH
2. Yesterday's VAL
3. Yesterday's POC
4. Today's IBH
5. Today's IBL
6. Developing VAH (current day's)
7. Developing VAL (current day's)
8. Developing POC (current day's)

* 9. LVN and other HVNs are paid attention to by many
* 10. Virgin POCs
* 11. Single prints

10 & 11 are really subsets of 9. That is to say, a Virgin POC is a High Volume Node, and a single print would be a specific type of Low Volume Node.
Attached Image (click to enlarge)
Click to Enlarge Name: current4.png Size: 121 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #326
  • Edited 3:00pm Feb 13, 2011 2:22pm | Edited 3:00pm
Interesting video on youtube. You may want to follow the links to the actual webinar.

Inserted Video
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #327
  • Feb 13, 2011 2:34pm Feb 13, 2011 2:34pm
This is a superb video for AMT traders and traders in general:


Inserted Video
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #328
  • Feb 13, 2011 3:48pm Feb 13, 2011 3:48pm
Quoting HiddenGap
This is a superb video for AMT traders and traders in general:


http://www.youtube.com/watch?v=AQNYjG5D2T4
Thank you
The Market pays you to be disciplined
  • #329
  • Feb 13, 2011 7:44pm Feb 13, 2011 7:44pm
Quoting tgwhbb
ok last post for real this time...

frankkn, i seem to have hijacked your thread this week, sorry. not so much the next two weeks as I have a couple of business trips that will keep me away from trading...or at least from posting about trading
Hey man,

I'm grateful that you've been posting so much quality stuff. My school load has been increasing as the quarter progresses, and it's great to see the AMT community develop.

And I have a feeling that you will figure out some way to place trades lol.

What sort of business trip?
  • #330
  • Feb 13, 2011 7:49pm Feb 13, 2011 7:49pm
Quoting HiddenGap
1. Yesterday's VAH
2. Yesterday's VAL
3. Yesterday's POC
My favorites from the list, are they in order of your preference?

Not AMT but I watch the previous week's HLC closely as well.
  • #331
  • Feb 13, 2011 7:51pm Feb 13, 2011 7:51pm
Quoting HiddenGap
Interesting video on youtube. You may want to follow the links to the actual webinar.

http://www.youtube.com/watch?v=A7LuDgImXWg
Outstanding resources! Thanks bro
  • #332
  • Feb 13, 2011 7:56pm Feb 13, 2011 7:56pm
Here is a 15m euro futures chart with a volume profile showing last week's VAH, VAL, POC, and major LVN
Attached Image (click to enlarge)
Click to Enlarge Name: f13a.jpg Size: 72 KB
  • #333
  • Edited 10:34pm Feb 13, 2011 10:05pm | Edited 10:34pm
Quoting frankkn
Here is a 15m euro futures chart with a volume profile showing last week's VAH, VAL, POC, and major LVN
hi frank.. what platform you're using...?

eu this asian session... filling the gap, which coincide with one of friday HVN... now reverse... goint to friday POC I guess.. if it can pass through today IBH which is the first 15 minute candle high..
Attached Image (click to enlarge)
Click to Enlarge Name: eu-asian-20110214.png Size: 62 KB
...
  • #334
  • Feb 13, 2011 10:45pm Feb 13, 2011 10:45pm
Quoting HiddenGap
This is a superb video for AMT traders and traders in general:


http://www.youtube.com/watch?v=AQNYjG5D2T4

Excellent video.
Explain what I need to find out.
Thank You HG.
  • #335
  • Feb 13, 2011 10:47pm Feb 13, 2011 10:47pm
Quoting bandung
hi frank.. what platform you're using...?

eu this asian session... filling the gap, which coincide with one of friday HVN... now reverse... goint to friday POC I guess.. if it can pass through today IBH which is the first 15 minute candle high..
Hi bandung!

Your MP indi is by far the slickest i've seen for MT4. out of curiosity, are you using volume to measure the profile width, or time? many of the MP profile indi's i've come across are time based which throws things off due to asia session where more time is spent in a price range but on low volume.

hopefully you will share it when you feel it is ready
Change is the only constant
  • #336
  • Edited 12:35am Feb 14, 2011 12:07am | Edited 12:35am
Quoting tgwhbb
Hi bandung!

Your MP indi is by far the slickest i've seen for MT4. out of curiosity, are you using volume to measure the profile width, or time? many of the MP profile indi's i've come across are time based which throws things off due to asia session where more time is spent in a price range but on low volume.

hopefully you will share it when you feel it is ready
hi... T

it time based... i'm not there yet... if this one got stable ... i'll try the volume based..

it still buggy.., and the code too messy...

but if you or the other want to test... i'll share it here now...
let me know if you had any idea for improvement

set Timeframe = D for Daily Profile, W for Weekly Profile and M for Monthly Profile

btw
eu bounce of IBH.. now testing friday HVN again..
Attached Image (click to enlarge)
Click to Enlarge Name: eu-m15-IBH-BOUNCE.PNG Size: 52 KB
Attached File(s)
File Type: mq4 ay-MarketProfileDWM.mq4   19 KB | 1,377 downloads
...
  • #337
  • Feb 14, 2011 1:01am Feb 14, 2011 1:01am
Quoting bandung
hi... T

it time based... i'm not there yet... if this one got stable ... i'll try the volume based..

it still buggy.., and the code too messy...

but if you or the other want to test... i'll share it here now...
let me know if you had any idea for improvement

set Timeframe = D for Daily Profile, W for Weekly Profile and M for Monthly Profile

btw
eu bounce of IBH.. now testing friday HVN again..
bandung,

It is nice and clean AMT indicator, can see previous day VA much better now.

Thanks for sharing.

According to Market Delta trading strategy, looks like price is going after friday value area high.
  • #338
  • Edited 1:31am Feb 14, 2011 1:20am | Edited 1:31am
Quoting alexm
bandung,

It is nice and clean AMT indicator, can see previous day VA much better now.

Thanks for sharing.

According to Market Delta trading strategy, looks like price is going after friday value area high.
hi alex..
please redownload... because i was uploaded the wrong file... the file you downloaded not working when viewing monthly profile...

ya... it can be ..
price bouncing from current day POC (3540)... now it testing 3550 again...
ya it can go to friday VAH.. if it can break 3550 .. just my 2cent
...
  • #339
  • Feb 14, 2011 1:36am Feb 14, 2011 1:36am
interisting UT on current day VAH and friday HVN.. 3550 is strong enough
Attached Image (click to enlarge)
Click to Enlarge Name: upthrust-on-current-val.PNG Size: 29 KB
...
  • #340
  • Feb 14, 2011 2:36am Feb 14, 2011 2:36am
Quoting bandung
interisting UT on current day VAH and friday HVN.. 3550 is strong enough
it move...
Attached Image (click to enlarge)
Click to Enlarge Name: eu-mp-mtf.png Size: 98 KB
...
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