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Auction Market Theory and Market Profile

  • #581
  • Feb 24, 2011 9:18am Feb 24, 2011 9:18am
This trade lasted like 5 seconds, fastest 2% I've ever made. I entered on the test of today's POC and exited at the DIBH

These indicators are very accurate wow guys nice
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  • #582
  • Feb 24, 2011 9:23am Feb 24, 2011 9:23am
Quoting tgwhbb
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!
now that is frustrating...plan the trade and trade the plan...had my stop set, and TP set...should have just let it run at least to the NY DIBH. missed out on 40 pips...sometimes you win more, sometimes you win less

catch you all tomorrow!
Change is the only constant
  • #583
  • Feb 24, 2011 9:41am Feb 24, 2011 9:41am
Quoting tgwhbb
now that is frustrating...plan the trade and trade the plan...had my stop set, and TP set...should have just let it run at least to the NY DIBH. missed out on 40 pips...sometimes you win more, sometimes you win less

catch you all tomorrow!
76 is good... T
see ya... tomorrow...
...
  • #584
  • Feb 24, 2011 9:56am Feb 24, 2011 9:56am
EURAUD 30mins showing interesting play around the VA today with ND on test on VAH & now a spring back up of the VAL with a shakeout on high volume..

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  • #585
  • Feb 24, 2011 10:11am Feb 24, 2011 10:11am
Here is some Oanda volume

http://www.forexfactory.com/attachme...9&d=1298563064
  • #586
  • Feb 24, 2011 11:40am Feb 24, 2011 11:40am
Quoting inks2002
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?
I use same for Asia and London. But use 8-9 for us session
Change is the only constant
  • #587
  • Feb 24, 2011 12:57pm Feb 24, 2011 12:57pm
Quoting bandung

now the price on DVAL

that cluster of pocs spotted well by TPO profile...
now i'm confuse .. using TPO profile or Volume Profile ...
Hi bandung,

Appreciate your work on this indi, i like the feature with the choice of using the tf data of you choice to calculate the profile, this actually solve one of the problem i have with previous version that seems to have VA shifted when switching from 1hr to 30mins let say. This is a problem with TOS's profile too. Therefore using a fix data set irregardless of which timeframe u choose to view your chart is a plus.

I am more incline to VPO then TPO for now. Is the VPO a new feature in your indicator for the next version?

My general intention of using VPO if so choose would be to mark down those demand & supply zone & how it confluence with those i mark manually. At least logically that is the general idea as i m still compareing TOS's version for VPO with it's TPO. Hope to see your version soon.

tks.
  • #588
  • Edited 1:51pm Feb 24, 2011 1:37pm | Edited 1:51pm
Here is a AU trade that i was anticipating the whole day but did turn out as I expect prior to entering my trade due to the rapid mark down after the initial balance session

Yesterday saw AU shaking out on relative high volume, with today's opening above VAH. Price traded up to unfair high & met with a ND bar. Then as I was expecting a trade down to VAH, price was instead rapidly markdown to VAL. I got my high volume on downbars/demand coming in on VAL & make my entry after a solid reversal as i was not sure then if i wanted to get into a buy limit on AU parity due to panic news on Libya & Greece i think.

I have my eyes on the Naked POC for days leading to todays move, which is my target, Price hit with little margin for overshoot as in this chart.

Typical nice trade plan with TPO.

PS: Yesterday's POC, qualify as naked too therefore it makes for a good candidate for a reversal point too.

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  • #589
  • Edited 8:10pm Feb 24, 2011 6:18pm | Edited 8:10pm
GU 22nd Feb
Open -1.6225, Close - 1.6138
23rd open on VAL ( 22nd), price went up and form the new Value area


GU 24th Feb
Open-1.6215
Close -1.6134
25th open (VaL 24 th)

Thinking the same pattern on 25th.
What you guys think?
  • #590
  • Edited 8:47pm Feb 24, 2011 8:36pm | Edited 8:47pm
/6b recovery from unfair low after witnessing of increase in demand seen on high volume on downbar underscore the current test now, sitting on the VAL of Tuesday's but also in close proximity to VAL of yesterday.

If strengths persist we could potentially see price extremities hitting the VAH of Wed. Notwithstanding the clusters of Pocs just below that too provide resistance or the VAH of yesterday since it is in confluence with the cluster of Pocs as noted in my earlier post.

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  • #591
  • Feb 24, 2011 9:04pm Feb 24, 2011 9:04pm
Quoting kave
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.

Attachment
NU is slowly edging up with what looks like testing now on VAH of the past 2 days. Target on naked POC of 0.7630 should be the candidate.

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  • #592
  • Feb 24, 2011 9:50pm Feb 24, 2011 9:50pm
Repeat?

Will we see another repeat of the pattern where price trades at unfair highs until about this time and then heads back down into value only to be pushed higher when London opens?
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #593
  • Feb 24, 2011 10:02pm Feb 24, 2011 10:02pm
Quoting HiddenGap
Repeat?

Will we see another repeat of the pattern where price trades at unfair highs until about this time and then heads back down into value only to be pushed higher when London opens?
certainly looks that way. entry would be somewhere in the 3755-3775 area (yesterday's POC/VAL, and US&London IBL).

EDIT: That entry point assumes yesterday's VAH (around 3800) is breached, which may be difficult since it also represents this weeks developing VAH.

However, I'm not sure what to make of fact EU didn't break the old high today with what seems like high volume on my daily chart.
Change is the only constant
  • #594
  • Feb 24, 2011 10:39pm Feb 24, 2011 10:39pm
Quoting HiddenGap
Repeat?

Will we see another repeat of the pattern where price trades at unfair highs until about this time and then heads back down into value only to be pushed higher when London opens?
I am gunning the VAH which is also the trigger line of that Hidden selling seen in 1hr chart when on approach the 1.380s

NICE CHART! & tks for your insights
  • #595
  • Feb 25, 2011 2:22am Feb 25, 2011 2:22am
When there is no wholesale activity going on, enjoy this mate.

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  • #596
  • Feb 25, 2011 3:52am Feb 25, 2011 3:52am
Quoting bandung
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
http://www.forexfactory.com/attachme...1&d=1298557788
it move... i targeting feb DVAL
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...
  • #597
  • Feb 25, 2011 4:09am Feb 25, 2011 4:09am
The relationship between IBH > DIBL and IBL > DIBH.

From the price action It seems like buy and sell order was being place at IBL and IBH expecting price to bounce. And accurately is spot on after london open.

Consider a 5 pips SL, does it take away a lot of stress from you?
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  • #598
  • Feb 25, 2011 4:25am Feb 25, 2011 4:25am
Quoting bandung
it move... i targeting feb DVAL
Sounds good.

A bit OFF topic here but it is interesting to note that the LVN is sitting right on the WRB break out bar of 13th jan... I guess you are in good hands..

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  • #599
  • Feb 25, 2011 5:01am Feb 25, 2011 5:01am
My previous GU analysis was fraught with erros for not seeing the cluster of POC that was in confluence with yesterdays naked & also misreading the early session volume..

SO GU actually met with resistance on POC & drop on very weak demand with now increasing volume on downbars while approach the VPC of around 1.6070 but 1.6050 should provided the better round number for this downmove support.
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  • #600
  • Feb 25, 2011 5:16am Feb 25, 2011 5:16am
Quoting kave
My previous GU analysis was fraught with erros for not seeing the cluster of POC that was in confluence with yesterdays naked & also misreading the early session volume..

SO GU actually met with resistance on POC & drop on very weak demand with now increasing volume on downbars while approach the VPC of around 1.6070 but 1.6050 should provided the better round number for this downmove support.
Attachment

Volume is still relatively high in the dIBL area. Could mean an initiative move down..
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