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Auction Market Theory and Market Profile

  • #541
  • Feb 23, 2011 8:34pm Feb 23, 2011 8:34pm
Quoting inks2002
Why would it be the higher timeframe traders were in control? I would think that the day timeframe would be in control due to their ineffectiveness to extend value higher?
Markets seek balance. If one value area is within the other, then there is balance from the longer term trader's perspective.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #542
  • Feb 23, 2011 9:20pm Feb 23, 2011 9:20pm
Quoting HiddenGap
Awesome charts Kave. Welcome to the club.
tks u,

I though i would be better off following the smart money like u : might as well join the club...
  • #543
  • Feb 23, 2011 9:56pm Feb 23, 2011 9:56pm
Interesting developments on GU now;

Yesterday GU rotating around its recent fair value that was establish on last Friday & this Monday. Price retrace back down after testing this week high but finding support VAH of Tuesday.

Early session suggest that price is consolidating in a tight range with the probability of forming a bullish symmetrical triangle (on price). Potentially price could be tightly woven around the developing area today, b4 a break out? area to watch is yesterday POC @ 1.6215

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_41 Feb. 24 11.45.gif Size: 45 KB
  • #544
  • Feb 23, 2011 10:09pm Feb 23, 2011 10:09pm
Quoting HiddenGap
...I have to cut this short, more to say later.
Appologies, I've forgotten what I wanted to say.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #545
  • Feb 24, 2011 12:10am Feb 24, 2011 12:10am
Quoting kave
Interesting developments on GU now;

Yesterday GU rotating around its recent fair value that was establish on last Friday & this Monday. Price retrace back down after testing this week high but finding support VAH of Tuesday.

Early session suggest that price is consolidating in a tight range with the probability of forming a bullish symmetrical triangle (on price). Potentially price could be tightly woven around the developing area today, b4 a break out? area to watch is yesterday POC @ 1.6215

Attachment
update (but with GBP futures); Now testing on yesterday's POC & right on DVAL too.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_42 Feb. 24 14.07.gif Size: 54 KB
  • #546
  • Feb 24, 2011 12:22am Feb 24, 2011 12:22am
Quoting HiddenGap
Appologies, I've forgotten what I wanted to say.
Gavin ocupies your mind....
The Market pays you to be disciplined
  • #547
  • Feb 24, 2011 1:04am Feb 24, 2011 1:04am
Quoting mima
Gavin ocupies your mind....
haha. no problem HG.
  • #548
  • Feb 24, 2011 2:20am Feb 24, 2011 2:20am
EU Same old shake out to test yesterday POC again.

This time buy at 1.3715
  • #549
  • Feb 24, 2011 2:24am Feb 24, 2011 2:24am
guys...
eu 15 minute ... I got High Vol on wed VAL which also Tue VAH.

I'm using MP Volume now on Broco.

TOS users what is your wed VAL / Tue VAH (MP volume) ?

cant got my TOS working..., dunno why yet.
Attached Image (click to enlarge)
Click to Enlarge Name: high-vol-on-yesterday-val.png Size: 57 KB
...
  • #550
  • Feb 24, 2011 2:31am Feb 24, 2011 2:31am
Quoting alexm
EU Same old shake out to test yesterday POC again.

This time buy at 1.3715
i got better price, alex... 1.3713 lol
targeting DPOCv if can pass DVAL
...
  • #551
  • Feb 24, 2011 2:47am Feb 24, 2011 2:47am
Quoting bandung
guys...
eu 15 minute ... I got High Vol on wed VAL which also Tue VAH.

I'm using MP Volume now on Broco.

TOS users what is your wed VAL / Tue VAH (MP volume) ?

cant got my TOS working..., dunno why yet.
Hi Bandung,
could u post MP volume indicator on this thread?
is it indicator for MT4?
thank you in advance..
  • #552
  • Feb 24, 2011 2:55am Feb 24, 2011 2:55am
Quoting bandung
guys...
eu 15 minute ... I got High Vol on wed VAL which also Tue VAH.

I'm using MP Volume now on Broco.

TOS users what is your wed VAL / Tue VAH (MP volume) ?

cant got my TOS working..., dunno why yet.
Hi Bandung,

I have the same problem when I first install the windows version TOS.
After I email TOS I got this respond, try it out.

Hello,

Thank you for your email. Please check the date and time settings on your computer and confirm that these are correct. You may also try these instructions:

For PC:

1. Exit the software
2. Right click on the thinkorswim icon
3. Left click on PROPERTIES
4. Go to the SHORTCUT tab
5. Left click on FIND TARGET
6. Right click on the USERGUI folder
7. Left click on DELETE
8. Restart thinkorswim

I hope this information helps. Please let us know if this does not correct the issue.

Kind Regards,
Sarah Perez
Customer Support Analyst
866 839 1100 ext 3290
773 435 3232 fax
  • #553
  • Feb 24, 2011 3:01am Feb 24, 2011 3:01am
Quoting bandung
i got better price, alex... 1.3713 lol
targeting DPOCv if can pass DVAL
If you are using (thwhbb) Jamie's IB line (auction market indicator) that is spot on at IBL 1.3706, right after 2 30 min bar complete to set the IB line and it reverse from there and blast up like a rocket.

Don't play play man!
  • #554
  • Feb 24, 2011 3:05am Feb 24, 2011 3:05am
Quoting alexm
Hi Bandung,

I have the same problem when I first install the windows version TOS.
After I email TOS I got this respond, try it out.

Hello,

Thank you for your email....
thanks alex..
i'll try..

btw my target hit.. a quick 60 pips.. i love it.
...
  • #555
  • Feb 24, 2011 3:13am Feb 24, 2011 3:13am
Quoting bandung
thanks alex..
i'll try..

btw my target hit.. a quick 60 pips.. i love it.
Brovo, now can spend some quality time with your wife and children.
  • #556
  • Feb 24, 2011 4:25am Feb 24, 2011 4:25am
Quoting bandung
thanks alex..
i'll try..

btw my target hit.. a quick 60 pips.. i love it.
I got me a test on 5m & was anticipating since it got abit more to VAL, took my trade after the test on the break of the test bar..72pips for me after it hit the DVAL but was abit anxious when holding it to DPOC...

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_48 Feb. 24 18.22.gif Size: 32 KB
  • #557
  • Feb 24, 2011 4:36am Feb 24, 2011 4:36am
Accumulative NU finding fair value again today, balancing in the morning session to a shakeout on VAL, expecting a test on POC or DPOC, targeting naken POC around 0.7630.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_50 Feb. 24 18.36.gif Size: 50 KB
  • #558
  • Edited 4:52am Feb 24, 2011 4:38am | Edited 4:52am
Goodmorning guys,

I have read differents things on the internet about market profile the last few days. I have observed how the market profile developed also and I have noted different things on ''how to use the market profile''. I would like to post some thoughts, please feel free to correct me if you see any mistake.

First of all, the market profile gives us a view on where price has traded in balance or in inbalance. It gives us 3 main areas:

1) The unfair high.
2) The value area, this is a trading ''range'' where most of the volume has been traded (70%).
3)The unfair low.

A new POC (Point of Control) will be created evry day, the POC represents an area (within the balance area) where most of the trades took place.

The market will also calculate different levels within the market profile,for evry session.
This levels are:

IB: Initial Balance, this one is created in the first hour of the trading session
IBH: Initial Balance high of the first hr of trading session
IBL: Initial Balance low of the first hr of trading session
DIBH: Double Initial Balance High & DIBL: Double Initial Balance Low: This are extremes, they are also called extensions of the IB's .I have read that when price trade outside the IB, then it usually doesen't move beyond double it's range, wich is actually the DIBH/DIBL.

The IBH, IBL, DIBH, DIBL are also used as support & resistance levels.
With this info, we can take advantage of it to see if strenght or weakness comes into the market at those specific levels.

Again, any comments are welcome.
Mel
  • #559
  • Feb 24, 2011 5:49am Feb 24, 2011 5:49am
Quoting @mel
Goodmorning guys,

I have read differents things on the internet about market profile the last few days. I have observed how the market profile developed also and I have noted different things on ''how to use the market profile''. I would like to post some thoughts, please feel free to correct me if you see any mistake.

First of all, the market profile gives us a view on where price has traded in balance or in inbalance. It gives us 3 main areas:

1) The unfair high.
2) The value area, this is a trading ''range'' where most of the volume has been...
Nice, tks
  • #560
  • Feb 24, 2011 6:20am Feb 24, 2011 6:20am
Quoting @mel
Goodmorning guys,

I have read differents things on the internet about market profile the last few days. I have observed how the market profile developed also and I have noted different things on ''how to use the market profile''. I would like to post some thoughts, please feel free to correct me if you see any mistake.

First of all, the market profile gives us a view on where price has traded in balance or in inbalance. It gives us 3 main areas:

1) The unfair high.
2) The value area, this is a trading ''range'' where most of the volume has...

Whats important is that you understand when long term traders are moving price and when short term traders are moving price. If price is trading between the IB highs and lows and not past the extensions, you can assume this is day trading and the market is balanced, and therefore trade the range at the highs and lows, the unfair price. This is known as reactive movement (i think) or rotating movement.

If price extends considerably beyond these extensions and volume is high, we can assume that the long term trader is moving price and as he feels price to be unfair according to the timeframe he is trading.

There are different types of days which can be identified by the shape of the profile, its a good idea to try and identify what sort of day you are looking at as the profile unfolds, that way you can trade accordingly.

If any of this is wrong let me know, im a newbie to amt myself.
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