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Auction Market Theory and Market Profile

  • #561
  • Feb 24, 2011 6:26am Feb 24, 2011 6:26am
[quote=NaughtyPip;4426275]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.

Thanks Naughtypip,

That makes sence to me.
Mel
  • #562
  • Feb 24, 2011 6:56am Feb 24, 2011 6:56am
Quoting kave
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...

Attachment
ah... yummy... your entry is so procedural... i love it..
do you take this retracement setup...?
Attached Image (click to enlarge)
Click to Enlarge Name: eu-test-then-so-then-fly.png Size: 52 KB
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  • #563
  • Feb 24, 2011 6:59am Feb 24, 2011 6:59am
Quoting NaughtyPip

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.
Also, the IB for each session can generally give you clues about how the rest of the session will unfold. A wide IB indicates that price is balanced and it will tend to range within the IB for the remainder of the session. A narrow IB indicates that price is not balanced and it will tend to extend beyond the double IB extensions. A normal IB range is indicative of a normal distribution day and will generally range within the DIB extensions.
Change is the only constant
  • #564
  • Feb 24, 2011 7:13am Feb 24, 2011 7:13am
Good morning!

It still amazes me when things come together as i planned. I had a buy limit order in at 1.3705 which got triggered this morning while i was sleeping. I would have never placed that before i was introduced to AMT...now with this knowledge I had the confidence to place a trade while not watching the chart. I chose 3705 because of yesterday's POC at 3695, which conincides with yesterday's VAL and the prior day's VAH. But also yesterday's London VAL was at 3705 so i used that value to be safe and increase odds to fill the order. Price fell to 3703 on my broker, i don't think i could have asked for anything more

Now EU 30 has closed back above London's IBH at 3765 after holding today's developing VAL, so the next logical target is the DIBH at 3828. Waiting to see what NY IB brings us before making a final decision on my action.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M302011 -02-24 at 8.02.04 AM.png Size: 62 KB
Change is the only constant
  • #565
  • Feb 24, 2011 7:28am Feb 24, 2011 7:28am
Hi,
Can you tell me which indicator you use to show IBH/L,DIBH/L?.
Congrats to your trade!
Thanks.

Quoting tgwhbb
Good morning!
  • #566
  • Feb 24, 2011 7:29am Feb 24, 2011 7:29am
Quoting frankkn
Wednesday's VAL, Tuesday's VAH, and last week's close and high are where I'm looking for a bounce, not sure if we'll make it down there tonight.
Bounced during London
Attached Image (click to enlarge)
Click to Enlarge Name: f24a.jpg Size: 64 KB
  • #567
  • Feb 24, 2011 7:34am Feb 24, 2011 7:34am
[quote=tgwhbb;4426461]Good morning!

Nice trade & nice post also. Thanks for the extra information. I learn something new everyday .
Mel
  • #568
  • Feb 24, 2011 7:38am Feb 24, 2011 7:38am
[quote=@mel;4426532]
Quoting tgwhbb
Good morning!

Nice trade & nice post also. Thanks for the extra information. I learn something new everyday .
Mel

BTW, the 1,3703 level was also a previous support area of the 1h chart.
I like the fact that there is confluences on the setup.
Cheers,
Mel
  • #569
  • Feb 24, 2011 7:44am Feb 24, 2011 7:44am
Quoting tgwhbb
Good morning!

It still amazes me when things come together as i planned....
Nice one man
  • #570
  • Feb 24, 2011 7:52am Feb 24, 2011 7:52am
Quoting bandung
ah... yummy... your entry is so procedural... i love it..
do you take this retracement setup...?
Not in this case for EU since price retraced after that huge volatility (wide swing) which could only mean the subsequent hours will be rotating as range tightens, until NY opens. But I did take a shot on No demand when it retrace. trying my luck..
  • #571
  • Feb 24, 2011 7:54am Feb 24, 2011 7:54am
Quoting tgwhbb
Good morning!
It still amazes me when things come together as i planned....
excellent.

Good morning indeed
  • #572
  • Feb 24, 2011 8:15am Feb 24, 2011 8:15am
Goodness me!!! Look at AU how it bounce from IBL to DIBH.
Attached Image
  • #573
  • Feb 24, 2011 8:16am Feb 24, 2011 8:16am
Quoting bandung
it is something else kave...
i'm using v1.2, there is a lot of revision on v1.2, especially on tpo and va calculation...

try this...
Wow this is absolutely amazing. I haven't had a chance to check out your indicators until this morning and I'm so happy with them.
  • #574
  • Edited 8:52am Feb 24, 2011 8:31am | Edited 8:52am
anyone watching eurchf...

we are at jan LVN and price make a pin after touching fib 618 of Dec low and Feb high swing

there is a change for price to go back to +- 1.29
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: swing-profile.PNG Size: 56 KB
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  • #575
  • Feb 24, 2011 8:32am Feb 24, 2011 8:32am
**I post the following in the wrong thread (VSA thread) anyway i just replicate it here..

GU facing mounting resistance as it testing on clusters of POCs now have potential hidden selling of previous bar, will it be a no demand soon?

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_53 Feb. 24 22.29.gif Size: 38 KB
  • #576
  • Feb 24, 2011 8:34am Feb 24, 2011 8:34am
Quoting frankkn
Wow this is absolutely amazing. I haven't had a chance to check out your indicators until this morning and I'm so happy with them.
Frank.. now i'm about to launch v1.3, it had Volume profile feature
i'm still testing it..
...
  • #577
  • Feb 24, 2011 8:38am Feb 24, 2011 8:38am
Quoting alexm
Goodness me!!! Look at AU how it bounce from IBL to DIBH.
Just tried those out as well, very nice tgwhbb
  • #578
  • Feb 24, 2011 9:02am Feb 24, 2011 9:02am
what do you guys consider IB for the sessions? 7pm-8pm asian IB....3am-4am Euro IB....and 9:30-10:30am US IB...These times are Eastern. Am I correct on my IB times?
  • #579
  • Feb 24, 2011 9:06am Feb 24, 2011 9:06am
Quoting tgwhbb

Now EU 30 has closed back above London's IBH at 3765 after holding today's developing VAL, so the next logical target is the DIBH at 3828. Waiting to see what NY IB brings us before making a final decision on my action.
closed out at 3781 - good for 76 pips. 2nd time price was rejected a VAH this time with ND type upthrust. Can't watch the chart for the rest of the day...heading to the airport to go back home finally!
Change is the only constant
  • #580
  • Edited 9:35am Feb 24, 2011 9:07am | Edited 9:35am
Quoting kave
**I post the following in the wrong thread (VSA thread) anyway i just replicate it here..

GU facing mounting resistance as it testing on clusters of POCs now have potential hidden selling of previous bar, will it be a no demand soon?

Attachment

now the price on DVAL

that cluster of pocs spotted well by TPO profile...
now i'm confuse .. using TPO profile or Volume Profile ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu-m15-nd-on-dval.png Size: 28 KB
Attached Image
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