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Auction Market Theory and Market Profile

  • #781
  • Mar 7, 2011 9:57pm Mar 7, 2011 9:57pm
Quoting tgwhbb
nice confluence technical patter in line with AMT.
Yeah crossing my fingers as i won't be around LO to see thru the trades..
  • #782
  • Mar 8, 2011 3:36am Mar 8, 2011 3:36am
Hi Guys,
Is anyone using IBFX? I'm doing so (GMT broker) and wonder what you use. I made some comparisons with Oanda (Demo, but not GMT) and Esignal (live) and it seems not to be bad. What are you using?

Best,
Ox
  • #783
  • Mar 8, 2011 7:43am Mar 8, 2011 7:43am
Not much time to post, I have some school work to do now as well. Left is 4h with weekly profile right is 15m with daily profile. On the right chart is that demand zone I mentioned yesterday (green on my previous chart). On the left chart you can see we're sitting on last week's VAH. I'd rather get a cheaper price personally.

IBFX has good volume
Attached Image (click to enlarge)
Click to Enlarge Name: m8a.jpg Size: 102 KB
  • #784
  • Mar 8, 2011 7:46am Mar 8, 2011 7:46am
Quoting tgwhbb
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.
damn, TP missed by 10 pips, and 20 pip trailing stop not activated so stopped out at -13.7 pips. -1 for the week so far...

EU now at last week's VAH, but not seeing much buying here. if EU bounces back up to DPOC or DVAL (also NY IBH) and weakness shown, will enter a short with target the naked POC from last wednesday at 3865 and 2nd target last week's POC at 3809
Change is the only constant
  • #785
  • Mar 8, 2011 8:10am Mar 8, 2011 8:10am
Quoting tgwhbb
if EU bounces back up to DPOC or DVAL (also NY IBH) and weakness shown, will enter a short with target the naked POC from last wednesday at 3865 and 2nd target last week's POC at 3809
short triggered on 5M reversal bar that rejected the DVAL.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 2011-03-08 at 9.07.49 AM.png Size: 47 KB
Change is the only constant
  • #786
  • Mar 8, 2011 8:20am Mar 8, 2011 8:20am
anyone know which start hour should be used for ym (dow mini-sized future)?
it is running mostly all night/day.
but as the major movements appear with the start of nyse (at 9.30 am est) and ym is just a derivative from the dow, would it make sense to set the start hours to 9.30?
thanks
meine augen sind die sterne
  • #787
  • Mar 8, 2011 8:32am Mar 8, 2011 8:32am
Quoting aserbfx
anyone know which start hour should be used for ym (dow mini-sized future)?
it is running mostly all night/day.
but as the major movements appear with the start of nyse (at 9.30 am est) and ym is just a derivative from the dow, would it make sense to set the start hours to 9.30?
thanks
the first hour of pit trading for the instrument should be used. for US equities that would be 9:30 - 10:30 AM EST. Since the DOW is an indiex of NYSE equities, i would use that time. I would also pay attention to overnight markets as well as is referred to often in james dalton's blog. http://jamesdaltontrading.com/blog/
Change is the only constant
  • #788
  • Mar 8, 2011 8:40am Mar 8, 2011 8:40am
Quoting tgwhbb
the first hour of pit trading for the instrument should be used. for US equities that would be 9:30 - 10:30 AM EST. Since the DOW is an indiex of NYSE equities, i would use that time. I would also pay attention to overnight markets as well as is referred to often in james dalton's blog. http://jamesdaltontrading.com/blog/
ok, thanks. yes, this makes most sense!
i will ask bandung to change his great indicator. at the moment he doesn't accept 1/2 hours (from what i have seen).
meine augen sind die sterne
  • #789
  • Mar 8, 2011 8:56am Mar 8, 2011 8:56am
Quoting tgwhbb

EU now at last week's VAH, but not seeing much buying here. if EU bounces back up to DPOC or DVAL (also NY IBH) and weakness shown, will enter a short with target the naked POC from last wednesday at 3865 and 2nd target last week's POC at 3809
TP hit and closed completely for 24 pips. target turned out to be very close to NY DIBL as well. the 5M volume is decreasing as price has been moving down since NY open. This move presently looks like a technical move IMO. watching for now, haven't yet decided next move but expecting a bounce up from here. will watch volume for clues.
Change is the only constant
  • #790
  • Mar 8, 2011 9:53am Mar 8, 2011 9:53am
Quoting tgwhbb
TP hit and closed completely for 24 pips. target turned out to be very close to NY DIBL as well. the 5M volume is decreasing as price has been moving down since NY open. This move presently looks like a technical move IMO. watching for now, haven't yet decided next move but expecting a bounce up from here. will watch volume for clues.
entered long on indicated NS at IBL. 1st target DIBH, 2nd target DVAH. pending EU allowed back into value (IBH)
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 2011-03-08 at 10.50.50 AM.png Size: 46 KB
Change is the only constant
  • #791
  • Mar 8, 2011 9:55am Mar 8, 2011 9:55am
Hi Tgwhbb,
What broker do you use and can you share this indicator for showing IBH/DIBH/L?

Best,
Ox

Quoting tgwhbb
entered long on indicated NS at IBL. 1st target DIBH, 2nd target DVAH. pending EU allowed back into value (IBH)
  • #792
  • Mar 8, 2011 10:33am Mar 8, 2011 10:33am
Quoting Oxford
Hi Tgwhbb,
What broker do you use and can you share this indicator for showing IBH/DIBH/L?

Best,
Ox
i use forex.com, but honestly their volume is often not reliable as it differs greatly at times with other brokers and esignal. for the indy, look thru the attachments in the thread, it is there.

Regarding the indy - frankkn has asked for a cleaner indy that doesn't clog the chart with lines. great idea, and i plan to change it so that it shows the IB and extension as most TPO charts do - ie as a vertical line at the start of the day/session. I just haven't had the time to get to it lately...
Change is the only constant
  • #793
  • Mar 8, 2011 10:35am Mar 8, 2011 10:35am
Hey fellas,

My buy limit order was missed by a pip this morning but I got in at near the same price off of a high volume test on the M3. My stop is at break even on that but I'm leaving the limit by the VPOC and I'm going to keep my eye on it.
  • #794
  • Mar 8, 2011 10:41am Mar 8, 2011 10:41am
I was supposed to have a conference call at 11am today to learn about details of the 10 mo. training program for a financial planning firm, and I waited for 20 minutes listening to their hold music until the automated voice told me the conference was over. She had been telling me it was going to start at any minute the whole time.

Well few more minutes of London then it's to campus to prepare for a presentation, then time to study for the quizzes tonight till 9:30 pm.
  • #795
  • Mar 8, 2011 10:45am Mar 8, 2011 10:45am
Quoting frankkn
Hey fellas,

My buy limit order was missed by a pip this morning but I got in at near the same price off of a high volume test on the M3. My stop is at break even on that but I'm leaving the limit by the VPOC and I'm going to keep my eye on it.
hey frankkn, the vpoc on my chart is at 3859, and the low today so far is 38613 on my broker. And if you set your profiles to the start of London session, last wednesday's POC is 3865. I believe that qualifies as filling the NTR no? Are you expecting price to come back and fill the 2.3 pips and touch 3859?
Change is the only constant
  • #796
  • Mar 8, 2011 10:54am Mar 8, 2011 10:54am
Quoting tgwhbb
entered long on indicated NS at IBL. 1st target DIBH, 2nd target DVAH. pending EU allowed back into value (IBH)
What does the term "DVAH" means ?

Where is DVAH on your chart ?

What is DVAH value for EUR/USD as your 2nd target?

Thanks.
  • #797
  • Mar 8, 2011 10:56am Mar 8, 2011 10:56am
Quoting tgwhbb
hey frankkn, the vpoc on my chart is at 3859, and the low today so far is 38613 on my broker. And if you set your profiles to the start of London session, last wednesday's POC is 3865. I believe that qualifies as filling the NTR no? Are you expecting price to come back and fill the 2.3 pips and touch 3859?
My VPOC is at 3858 and my profiles are set to Tokyo open. I've been paying a lot of attention to TO vs. LO and personally I like TO better.

Not sure what you mean by NTR?

I don't necessarily expect price to return I just think if it does there could be a nice bounce because if the BB's place pending orders at POCs/VPOCs and other AMT confluence areas that there should still be a stack of unfilled orders sitting there. The reaction we saw at Wednesday's POC leads me to believe there could be more demand in that area.

I could be way off this is just my train of thought. Things might change as time goes by I'll be re-evaluating tonight at some point between 6-9:30 as that is my estate planning class lol.
  • #798
  • Mar 8, 2011 11:00am Mar 8, 2011 11:00am
Quoting foxybunny
What does the term "DVAH" means ?

Where is DVAH on your chart ?

What is DVAH value for EUR/USD as your 2nd target?

Thanks.
DVAH = developing value area high.

as per this post it is roughly at 3990 but if you take london as the start of the profile then it is roughly 3945.
Change is the only constant
  • #799
  • Mar 8, 2011 11:05am Mar 8, 2011 11:05am
Quoting frankkn
My VPOC is at 3858 and my profiles are set to Tokyo open....
NTr is the natural trading range which is where price wants to go when there are naked POC's in play.

I agree with you, i prefer Tokyo open for the start of the profile, but i take a look at LO based profiles as well just to be aware of levels. I find using the london start profil is particularly useful on Sunday's/Monday's

regarding 3858, price may very well come back down here, but as mentioned in the AMT handbook, the POC is not an exact price, and i think today's low is close enough. But of course, time will tell , which is why i stay away from longer term predictions for the most part

Have a good day frank!
Change is the only constant
  • #800
  • Mar 8, 2011 11:26am Mar 8, 2011 11:26am
Quoting tgwhbb
entered long on indicated NS at IBL. 1st target DIBH, 2nd target DVAH. pending EU allowed back into value (IBH)
SL set to BE. 5/15 look a bit weak, but could just be absorbing. The M30 looks like its about to complete a NS right at IBH - 5 min left in the bar.
Change is the only constant
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