Auction Market Theory and Market Profile | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Auction Market Value Theory & Analytics 1,757 replies

market Theory 101 Supply and Demand,Market Cycles 7 replies

Market Profile And Volume Profile MT5 7 replies

MarketProfile/Volume Profile/Auction Market Theory indi? 17 replies

Market profile trader-Merged profile 0 replies

Attachments: Auction Market Theory and Market Profile
Exit Attachments

Auction Market Theory and Market Profile

  • #761
  • Mar 6, 2011 8:36am Mar 6, 2011 8:36am
Thanks bandung and tgwhbb for the indicators! Nice thread!

Does anyone find VWAP important? I heard that institutions use it.
  • #762
  • Mar 6, 2011 9:08am Mar 6, 2011 9:08am
Quoting frankkn
Just got home from work and checking out the scene.

I really like the pace of the 12 hour chart. The profile is set to monthly here and it paints a very simple picture. We bust out of resistance, test it, and move off. Check out the glorious 2 bar reversal followed by a NS that desribes 3/1-3/3
what is indicator,,?
what it shows volume,,?
only an analysis, and I'm always wrong, don't follow me,
  • #763
  • Mar 6, 2011 1:11pm Mar 6, 2011 1:11pm
Quoting pbylina
Thanks bandung and tgwhbb for the indicators! Nice thread!

Does anyone find VWAP important? I heard that institutions use it.
I don't use it personally, but there are a few on this thread who do and find it useful.
Change is the only constant
  • #764
  • Mar 6, 2011 6:31pm Mar 6, 2011 6:31pm
Quoting andelumut
what is indicator,,?
what it shows volume,,?
Hey friend

"what is indicator?"

I think you're asking what indicators I'm using. I'm using iPolo bar bundles and volume bundles. These indis allow me to see other time frames.

The MP indi is in this thread

"what it shows volume?"

Not sure what you mean by this, I'm using Oanda's tick volume and the volume indicator is linked above.

Hope this helps, if not let me know.
  • #765
  • Mar 6, 2011 6:36pm Mar 6, 2011 6:36pm
Quoting pbylina
Thanks bandung and tgwhbb for the indicators! Nice thread!

Does anyone find VWAP important? I heard that institutions use it.
VWAP (volume weighted average price) is used by profile traders to determine the skew of the distribution. If VWAP is below the POC then the day is skewed down. Additionally traders will use the standard deviations of VWAP as entry levels and take profits.

Personally, since AMT provides you exquisite structure so you can see ideal places for entry and beyond that VSA can get you in at a logical price and help you place your stop and dictate your exit, I don't mess around with VWAP but I imagine it could be a handy tool for some.
  • #766
  • Mar 7, 2011 12:22am Mar 7, 2011 12:22am
Just a logical setup today with VPOC on 1.3955 level. Which also the closed of that high volume area as define during NFP. Setting my buy limit there on expectation of potential buyers again on this level

I would expect resistance again at 1.4000, 2nd target projected to 161% fib level to 1.4045 level...

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Mar. 07 14.13.gif Size: 22 KB
  • #767
  • Mar 7, 2011 1:35am Mar 7, 2011 1:35am
Quoting kave
Just a logical setup today with VPOC on 1.3955 level. Which also the closed of that high volume area as define during NFP. Setting my buy limit there on expectation of potential buyers again on this level

I would expect resistance again at 1.4000, 2nd target projected to 161% fib level to 1.4045 level...

Attachment
GM - I too have this area marked on my MP chart. However, on my price chart I have the 3965 area - Thursdays highs - as potential support - also today's MS1 at 3963......so far this has been the low in the low volume Asian Session....
Trading Levels with WRBs
  • #768
  • Mar 7, 2011 3:23am Mar 7, 2011 3:23am
Quoting kave
Just a logical setup today with VPOC on 1.3955 level. Which also the closed of that high volume area as define during NFP. Setting my buy limit there on expectation of potential buyers again on this level

I would expect resistance again at 1.4000, 2nd target projected to 161% fib level to 1.4045 level...

Attachment
Have my orders fill to the brim, lucky due to my tight spread broker. 1st target hit with 43 pips & now EU is breaking out of 1.4..i hope to see my 2nd target meet, expecting a test of this breakout onto 1.4 level next...I am revising & extending my 2nd target to fib level of 200% to 1.4055..
  • #769
  • Mar 7, 2011 3:33am Mar 7, 2011 3:33am
Quoting Islander
GM - I too have this area marked on my MP chart. However, on my price chart I have the 3965 area - Thursdays highs - as potential support - also today's MS1 at 3963......so far this has been the low in the low volume Asian Session....

nice just curious what broker u charting on?
  • #770
  • Mar 7, 2011 3:54am Mar 7, 2011 3:54am
Quoting kave
nice just curious what broker u charting on?
I use IBFX for volume, so my MP charts are from there.

I have other accounts with ODL - the 15m / 5m charts posted in earlier in another thread are from there and the 1 min chart also posted in another thread was from MIG.

FYI, I'm also holding long € and now that today's R1 at 4016 has been broken, next we have MR2 at 4030 ( I also have a fib expn at 4029) and then R2 at 4045 - with another fib expn
Trading Levels with WRBs
  • #771
  • Mar 7, 2011 8:06am Mar 7, 2011 8:06am
Did or would anyone on here using AMT / VSA have taken this GU short. Price climbed up and hit and was stopped at Daily R2 level, came back down under the 3/2/2011 POC came up to it and was rejected by it.

1. Squat type bar, major increase in vol without spread to match
2. ND just below POC from 3/2/2011
3. Daily R2
4. Daily R1
5. Daily Pivot... notice how the daily pivot is located right in a conjestion of previous POC's which for me make it a good target on this short. All but 1 of the last 5 days (including today) have their POC within a 30 pip range.

I don't currently have the indicator on showing the daily value high, low, double high etc... on my charts so I am not sure how this trade corresponds with those levels.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #772
  • Mar 7, 2011 8:37am Mar 7, 2011 8:37am
Quoting pres78

I don't currently have the indicator on showing the daily value high, low, double high etc... on my charts so I am not sure how this trade corresponds with those levels.
Hi pres,

I'm not following GU, but the London DIBH was 1.6340 so at a very minimum a very good place to get out of intraday longs. Also that level is unfair high based on last wednesday's profile, plus the last 2 days of lowering value areas, so a short could well be warranted. ATM it looks like GU is balancing between 6240 and 6340...
Change is the only constant
  • #773
  • Mar 7, 2011 5:57pm Mar 7, 2011 5:57pm
I think that the long-term traders were in control today because in the CBOT Study Guide it said if price trades above the DIB then Long-term traders are in control. And to support this theory price bouced off of the Weekly VAH. Was looking for a retracement entry on the Daily profiles low volume gap/valley but price just barely missed it...O well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20110307-np8z-178kb.jpg Size: 178 KB
Click to Enlarge Name: 20110307-hvfj-146kb.jpg Size: 147 KB
  • #774
  • Mar 7, 2011 6:58pm Mar 7, 2011 6:58pm
Hey guys,

Haven't been around much because school is really picking up going into the end of the quarter.

Here is EU M45, the yellowish area above is an H12 supply level, and the green box is a smaller demand level with a virgin POC and last Wednesday's POC, this could be a nice level for a scalp tomorrow during my limited trading hours. Hopefully London doesn't take her before I can.
Attached Image (click to enlarge)
Click to Enlarge Name: m7c.jpg Size: 80 KB
  • #775
  • Mar 7, 2011 8:09pm Mar 7, 2011 8:09pm
Quoting frankkn
Hey guys,

Haven't been around much because school is really picking up going into the end of the quarter.

Here is EU M45, the yellowish area above is an H12 supply level, and the green box is a smaller demand level with a virgin POC and last Wednesday's POC, this could be a nice level for a scalp tomorrow during my limited trading hours. Hopefully London doesn't take her before I can.
Hey frankkn!

As you can see today's profile looks like a 'b' formation, indicative of liquidation. As i mentioned in the VSA thread, i'm hoping for a run up to 1.4-1.4020 area (mainly because i'm in a long from 3969 and so far have not been stopped out - came to within 0.3 pips to my SL...

your virgin POC is just below last week's VAH so would be a nice place for a long - if the chart says so at that level!

Good luck tomorrow
Change is the only constant
  • #776
  • Mar 7, 2011 8:29pm Mar 7, 2011 8:29pm
Quoting tgwhbb
Hey frankkn!

As you can see today's profile looks like a 'b' formation, indicative of liquidation. As i mentioned in the VSA thread, i'm hoping for a run up to 1.4-1.4020 area (mainly because i'm in a long from 3969 and so far have not been stopped out - came to within 0.3 pips to my SL...

your virgin POC is just below last week's VAH so would be a nice place for a long - if the chart says so at that level!

Good luck tomorrow
So 'b' shape means bearish reversal?. And 'p' shape means bullish reversal? The weekly is a P and the daily is a b...So this might only be a retracement of the long-term? Yeah looking to go short at 1.3998-last weeks high, low volume gap on daily and nice number(xx00/xx50)
  • #777
  • Mar 7, 2011 9:14pm Mar 7, 2011 9:14pm
Quoting pbylina
So 'b' shape means bearish reversal?. And 'p' shape means bullish reversal? The weekly is a P and the daily is a b...So this might only be a retracement of the long-term? Yeah looking to go short at 1.3998-last weeks high, low volume gap on daily and nice number(xx00/xx50)
like anything else in trading, there are no guarantees, but generally yes, a 'b' shape profile is indicative of long liquidations, and 'p' shape profiles are indicative of short covering.

A few things to keep in mind though. First, on second look i'm not sure if today actually qualified as a 'b' shape since the POC is right near the low. I think generally the POC should be a bit higher to actually qualify. Maybe HG can shed some light here.

2nd, this shape does not necessarily mean reversal. It could just as well signal a temporary retracement as you indicate.

3rd, the lack of climatic action at the top seems more indicative of profit taking IMO rather than actual supply. 'new' money supply would have shown itself with climatic selling and upthrusts, where 'forced action' such as profit taking of existing longs produces PA/tops like today. James Dalton refers to this as anomalies, and warns that these nee to be revisited to 'even' out the price level. That is why i'm looking for a UT/ND at around 1.4-1.4020.

If that happens, it will likely happen while i'm sleeping, so for now its a TP and trailing SL set on my long and then re-evaluate in the morning.
Change is the only constant
  • #778
  • Mar 7, 2011 9:28pm Mar 7, 2011 9:28pm
Change in mood for EU in the last 24 hours which saw market driving down price pass the preliminary supply (see chart). There was a rather significant high churn bar just prior to the drivedown below 1.4 which suggest some reactionary play here due to negative news.

Just a logical take on EU today expecting a test on VAH @1.4 which is in-line with the prelim supply level, i am expected the level to be tested with further supply; eventually forming a bearish H&S like formation...price target down to 1.3855 for this play. SL of 28 pips away..

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_11 Mar. 08 11.25.gif Size: 30 KB
  • #779
  • Mar 7, 2011 9:44pm Mar 7, 2011 9:44pm
Quoting kave
Just a logical take on EU today expecting a test on VAH @1.4 which is in-line with the prelim supply level, i am expected the level to be tested with further supply; eventually forming a bearish H&S like formation...price target down to 1.3855 for this play. SL of 28 pips away..

Attachment
nice confluence technical patter in line with AMT.
Change is the only constant
  • #780
  • Mar 7, 2011 9:55pm Mar 7, 2011 9:55pm
For GU, I be looking for a short at VPOC @ 6250 entry (miss that VPOC play yesterday) with possible target down to 6160 to 6090 (extended target is within ADR). SL is just over 20pips away.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_12 Mar. 08 11.47.gif Size: 40 KB


The 6250 entry price is in confluence with my Wyckoff view of the market as posted in VSA thread yesterday, here is the chart. A test on level X to see target down to Y & maybe Z...TALK about CONFLUENCE. LOL

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_13 Mar. 08 11.54.gif Size: 29 KB
17 traders viewing now