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Auction Market Theory and Market Profile

  • #661
  • Mar 1, 2011 4:35am Mar 1, 2011 4:35am
Quoting bandung
missing this thread...

gu already runaway from monday VA
eu still in it
HAHA, i knew u have something up your sleeve. Nice classical profile charts...
  • #662
  • Mar 1, 2011 4:41am Mar 1, 2011 4:41am
Quoting @mel
Hi Kave,

Thanks for the charts, I really like your posts!Keep them coming...
Have a nice day
Mel
np, glad u found it useful..
  • #663
  • Mar 1, 2011 4:42am Mar 1, 2011 4:42am
Quoting bandung
@kave, @jamie, @aserbfx
try v1.31.rev1, it should fix the issues you posted...
tks u sir.
  • #664
  • Mar 1, 2011 7:06am Mar 1, 2011 7:06am
Quoting tgwhbb
Will look for new long around 3774 in the morning (Monday's VAL).

See you all in the new day!
well my buy limit was a bit too low and didn't get filled unfortunately. Back in long at 3811 after bounce a LO IBL and test of LO Shakeout from earlier. 1st target 3831 (DVAH), 2nd target 3880 (LO DIBH) but let's see first what NY IB bring us.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 2011-03-01 at 8.04.11 AM.png Size: 76 KB
Change is the only constant
  • #665
  • Mar 1, 2011 7:22am Mar 1, 2011 7:22am
Quoting tgwhbb
well my buy limit was a bit too low and didn't get filled unfortunately. Back in long at 3811 after bounce a LO IBL and test of LO Shakeout from earlier. 1st target 3831 (DVAH), 2nd target 3880 (LO DIBH) but let's see first what NY IB bring us.
hmm...not liking this lack of volume on the up move, especially as its NY IB time. SL's set to BE+1 and watching.
Change is the only constant
  • #666
  • Mar 1, 2011 8:04am Mar 1, 2011 8:04am
19 pip initial balance for New York no volume
  • #667
  • Mar 1, 2011 8:07am Mar 1, 2011 8:07am
Quoting tgwhbb
well my buy limit was a bit too low and didn't get filled unfortunately. Back in long at 3811 after bounce a LO IBL and test of LO Shakeout from earlier. 1st target 3831 (DVAH), 2nd target 3880 (LO DIBH) but let's see first what NY IB bring us.
Doing great my friend. Wish I could be in here more. As it is I've got Tuesday and Thursday NYO and that is a bet of a stretch with my school load.
  • #668
  • Mar 1, 2011 8:14am Mar 1, 2011 8:14am
Quoting frankkn
Doing great my friend. Wish I could be in here more. As it is I've got Tuesday and Thursday NYO and that is a bet of a stretch with my school load.
Keep it up frankkn!

Just stoppoed out of my longs...looks like EU heading to DIBL at 3793...same trigger as yesterday...

EDIT...now that is a quick reversal while typing this post...
Change is the only constant
  • #669
  • Mar 1, 2011 8:21am Mar 1, 2011 8:21am
Possibly sellers at today's developing point of control, looking for an up thrust next
Attached Image (click to enlarge)
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  • #670
  • Mar 1, 2011 8:25am Mar 1, 2011 8:25am
Buying climax into today's value area high

Edit: still looking for an up thrust
Attached Image (click to enlarge)
Click to Enlarge Name: m1b.jpg Size: 88 KB
  • #671
  • Mar 1, 2011 8:47am Mar 1, 2011 8:47am
Quoting frankkn
Buying climax into today's value area high

Edit: still looking for an up thrust

Still demand around, let's watch the first hour of US equities trade. I would like to see a nice up thrust out of today and yesterdays value areas for a nice responsive sell, provided there's a valid entry. The value area highs of today and yesterday are matching up nicely.
  • #672
  • Mar 1, 2011 8:48am Mar 1, 2011 8:48am
Quoting tgwhbb
Keep it up frankkn!

Just stoppoed out of my longs...looks like EU heading to DIBL at 3793...same trigger as yesterday...

EDIT...now that is a quick reversal while typing this post...
Now mostly I take the first 15 pips and let the other half run. If it reverse we still make some pips.
  • #673
  • Mar 1, 2011 9:00am Mar 1, 2011 9:00am
A fourth hit of yesterdays POC early in the US session as a nice shakeout gave a ~50 pip bounce up to the Asian resistance area.....now to see what the US data brings.....
Trading Levels with WRBs
  • #674
  • Mar 1, 2011 9:08am Mar 1, 2011 9:08am
Quoting frankkn
Still demand around, let's watch the first hour of US equities trade. I would like to see a nice up thrust out of today and yesterdays value areas for a nice responsive sell, provided there's a valid entry. The value area highs of today and yesterday are matching up nicely.
there's your UT!

What in the world just happened...55 pip spread in 15 minutes...didn't didn't have my sell stop in place quick enough...good call on the weakness frankkn.
Change is the only constant
  • #675
  • Mar 1, 2011 9:08am Mar 1, 2011 9:08am
I was not given an entry. Price was in the area I mentioned I was looking for a responsive sell, all of the rallies had been sold then wam news hits and price is where I was targeting.

Now we are at an area where there could be some demand as the longer term trend is up and we're at #1 and #3 POCs and yesterday's value area low.

Edit: not to mention that demand zone
Attached Image (click to enlarge)
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  • #676
  • Mar 1, 2011 9:11am Mar 1, 2011 9:11am
Unca Ben is telling fairy tales now, so it is quite normal
  • #677
  • Mar 1, 2011 9:12am Mar 1, 2011 9:12am
Quoting tgwhbb
there's your UT!

What in the world just happened...55 pip spread in 15 minutes...didn't didn't have my sell stop in place quick enough...good call on the weakness frankkn.

Thanks man. I really wanted to jump in on that responsive sell but I've been looking for the textbook trades recently, and it's hard to see many when you only have a couple hours per week to trade.

Now I'm looking for this shake out to be confirmed then a test/no selling pressure/no supply (5m EU)
  • #678
  • Mar 1, 2011 9:19am Mar 1, 2011 9:19am
if we close today as inside bar with a fat profile. We might see a test of vpoc at 3694
Attached Image (click to enlarge)
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  • #679
  • Mar 1, 2011 9:20am Mar 1, 2011 9:20am
Quoting frankkn
Thanks man. I really wanted to jump in on that responsive sell but I've been looking for the textbook trades recently, and it's hard to see many when you only have a couple hours per week to trade.

Now I'm looking for this shake out to be confirmed then a test/no selling pressure/no supply (5m EU)
hind sight is always 20/20...here's the short entry just above the developing VAH.

1. possible selling
2. more possible, selling, this time confirmed with next bar down on decent volume.
3. ND.
4. 2-bar UT+confirmation.

safest entry would have been on break of ND.

I am now long at 3810 after the shakeout to DIBL followed by narrower spread down bar closing on high on higher volume that the shakeout (broker vol shown not quite accurate, esignal shows higher volum on that last completed shakeout bar.
Attached Image
Change is the only constant
  • #680
  • Mar 1, 2011 9:25am Mar 1, 2011 9:25am
Quoting tgwhbb
hind sight is always 20/20...here's the short entry just above the developing VAH.

1. possible selling
2. more possible, selling, this time confirmed with next bar down on decent volume.
3. ND.
4. 2-bar UT+confirmation.

safest entry would have been on break of ND.

I am now long at 3810 after the shakeout to DIBL followed by narrower spread down bar closing on high on higher volume that the shakeout (broker vol shown not quite accurate, esignal shows higher volum on that last completed shakeout bar.

That's what I was watching (not hindsight), but recently I've been wanting my UT to come first, especially against the longer term trend. I decided not to enter because it didn't fit my plan.

As for a long trade now this shakeout has been confirmed, now looking for test/NBP/ND
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