Auction Market Theory and Market Profile | Page 43 | 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

  • #841
  • Mar 9, 2011 6:52pm Mar 9, 2011 6:52pm
Thank You , for a great indicator, I am still working with getting the best settings and I think resetting after the NewYork close is a good starting point. It works well with another system I am using, another indi from trading arsenal, the kor harmonics v.67.11 testing version, you can check it out at ampzone.org

Thanks Again,
fishman356
  • #842
  • Mar 10, 2011 1:45am Mar 10, 2011 1:45am
Hi,
Would you MP pros consider a long at VAH of the last weeks, around 1.3780?

Best,
Ox
Attached Image (click to enlarge)
Click to Enlarge Name: EUMP1.jpg Size: 51 KB
  • #843
  • Mar 10, 2011 7:02am Mar 10, 2011 7:02am
Morning everyone.

I'm very hung over and have vomited several times this morning.

Looks like we're at last week's POC
Attached Image (click to enlarge)
Click to Enlarge Name: m10a.jpg Size: 79 KB
  • #844
  • Mar 10, 2011 7:07am Mar 10, 2011 7:07am
Quoting bandung
missing this thread...

gu already runaway from monday VA
eu still in it
hi bandung - which indicator are using to post the TPO - letters on the chart? i pulled a few from this thread but i can't seem to find the one with the letters.

thanks in advance
  • #845
  • Mar 10, 2011 7:56am Mar 10, 2011 7:56am
Quoting mima
here is:
VAH is updated to 1.3852 or so...
Targets 1.3852, 1.3832 hit..next might be 1.3612...
The Market pays you to be disciplined
  • #846
  • Mar 10, 2011 8:06am Mar 10, 2011 8:06am
Quoting bandung
hello amt guys/gals...

2 weeks not loggin in here... I definitelly missed a lot..

eu big picture...
we are testing 2011 broken DVAH....
2010 VAH can be the target if this broken DVAH can support...
Hey buddy hope you had an enjoyable couple of weeks. The markets will be around long after we die don't worry about missing any moves.
  • #847
  • Mar 10, 2011 2:27pm Mar 10, 2011 2:27pm
Quoting frankkn
Morning everyone.

I'm very hung over and have vomited several times this morning.
Yikes. I remember those days - not fondly!

Hope you're feeling better!
  • #848
  • Mar 10, 2011 3:32pm Mar 10, 2011 3:32pm
Here's a chart of my profiles. As previously posted, the trend is now down. The current day's profile is a pretty normal distibution type day.
Attached Image (click to enlarge)
Click to Enlarge Name: Trend 2.png Size: 123 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #849
  • Mar 10, 2011 3:49pm Mar 10, 2011 3:49pm
See chart on prior post for details........

A question was asked about using the POCs as trend determination. Let's take a look.

Suppose we define trend in the following ways:

1. Two consecutive lower POCs (POCvs) is a down trend.
2. Two consecutive higher POCs (POCvs) is an up trend.
3. Two lower POCvs out of the last three days is a down trend.
4. Two higher POCvs out of the last three days is an up trend.

Starting 4 profiles back, the trend is clearly up. We have two consecutive high POCvs.

The next profile forms a lower POCv. However, we now have two higher POCvs out of the last three days so the trend is still up.

Moving forward to the next profile. This profile has a higher POCv. So again we have two of the last three days with a higher POCv than the previous day. The up trend continues.

The last profile, or current profile, changes things. Now we have two lower POCvs out of the last three days.

So by these definitions, we have just began the down trend.

The question is how you use the information. If you only trade in the direction of the trend, you are only now looking for shorts. If you were using value, you would have only been looking for shorts for the last 2 days. If you are willing to go long or short regardless of trend, then it matters less.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #850
  • Mar 10, 2011 4:12pm Mar 10, 2011 4:12pm
Yea I didnt trade yesterday cause EU was balanced(too dangerous).
  • #851
  • Mar 10, 2011 4:15pm Mar 10, 2011 4:15pm
Quoting HiddenGap
See chart on prior post for details........

A question was asked about using the POCs as trend determination. Let's take a look.

Suppose we define trend in the following ways:

1. Two consecutive lower POCs (POCvs) is a down trend.
2. Two consecutive higher POCs (POCvs) is an up trend.
3. Two lower POCvs out of the last three days is a down trend.
4. Two higher POCvs out of the last three days is an up trend.

Starting 4 profiles back, the trend is clearly up. We have two consecutive high POCvs.

The next profile forms a lower POCv. However,...
Thanks for the response HG...
Today's zone = Tomorrow's opportunity!
  • #852
  • Mar 10, 2011 5:40pm Mar 10, 2011 5:40pm
a correlation with higher timeframes is also useful - if you look at weekly profiles and value areas, the trend is not going down yet
Attached Image (click to enlarge)
Click to Enlarge Name: e-u_h1.gif Size: 48 KB
Nihil Sine Deo.
  • #853
  • Mar 10, 2011 6:23pm Mar 10, 2011 6:23pm
Quoting Scrat
a correlation with higher timeframes is also useful - if you look at weekly profiles and value areas, the trend is not going down yet
Well, as I said in another thread, I am much more myopic. I'm trying to cut down on what I look at. Currently I only look at 2.5 charts: the daily profile chart and then my trading screen as seen below.

As a tape reader trading off a 5 min chart, the weekly is only clutter.
Attached Image (click to enlarge)
Click to Enlarge Name: current4.png Size: 215 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #854
  • Mar 10, 2011 7:17pm Mar 10, 2011 7:17pm
Quoting HiddenGap
Well, as I said in another thread, I am much more myopic. I'm trying to cut down on what I look at. Currently I only look at 2.5 charts: the daily profile chart and then my trading screen as seen below.

As a tape reader trading off a 5 min chart, the weekly is only clutter.
Hello HiddenGap,

what platform are you using? Are you trading the FX futures?

thanks.

-guandi
  • #855
  • Mar 11, 2011 12:54am Mar 11, 2011 12:54am
Quoting guandi
..what platform are you using? Are you trading the FX futures?..i
The platform is Ensign Windows and yes I trade futures.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #856
  • Mar 11, 2011 7:45am Mar 11, 2011 7:45am
hey guys, haven't been trading much this week unfortunately...or maybe fortunately as I was not thinking EU would drop this far down this week...

My current thinking...the naked weekly POC at 3674 looks like its going to be visited as price approaches last week's VAL and no significant volume to stop this current move. with only 1 US session left in the week, it looks very much like this week's POC will be around 1.39, making it the next mid term target to the upside, but that will ultimately depend where EU closes this week/today as we've just seen this week's VAL being rejected by a ND at GMT 00:00 4 hr bar (last green bar)
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 2011-03-11 at 8.33.48 AM.png Size: 49 KB
Change is the only constant
  • #857
  • Mar 11, 2011 10:32am Mar 11, 2011 10:32am
well, we'll have to see what the rest of the day has in store for EU, but i guess is should not post during an IB

My last post was with 15min remaining in the NY IB, and practically at the very moment EU reversed. Upon 2nd look at my charts, i realized the longer term S/R levels that i was neglecting. Today's drop was right to February's VAH. and with about 5 hours of trading left, today is shaping up to look like a hidden test of that VAH.

there is certainly supply in the 3850 area as can be seen on smaller TFs - this is today and yesterday's VAH - so bulls not out of the woods just yet, but from an AMT perspective, the value area and POC have stopped moving down on the daily TF and today's profile is forming a 'p' shape. Again, we'll have to wait for the day's close to be sure, but this could be signalling a move to 3930 which is March's VAH and October's POC. And since we are still in November's value, the move to its VAH around 4150 is still possible IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 2011-03-11 at 11.19.59 AM.png Size: 62 KB
Change is the only constant
  • #858
  • Mar 11, 2011 12:35pm Mar 11, 2011 12:35pm
Quoting HiddenGap
See chart on prior post for details........

A question was asked about using the POCs as trend determination. Let's take a look.

Suppose we define trend in the following ways:

1. Two consecutive lower POCs (POCvs) is a down trend.
2. Two consecutive higher POCs (POCvs) is an up trend.
3. Two lower POCvs out of the last three days is a down trend.
4. Two higher POCvs out of the last three days is an up trend.

Starting 4 profiles back, the trend is clearly up. We have two consecutive high POCvs.

The next profile forms a lower POCv. However,...
Brilliant idea HG: lower POCs for 2 of the last 3 days. I really like this idea dude, great.

To me trend is very very important, with my purely VSA account I trade only in the direction of the four hour trend.

In my (smaller AMT learning account) I've been experimenting with different kinds of entries, ranging from limit orders at clusters of confluence to VSA in any direction etc.

Once again I really like that idea HG did you come up with it?

Edit:

BTW on Thursday I took a loss at that weekly POC I posted, pretty bone headed considering the trend was straight down lol. I think I'll incorporate this new trend definition into my AMT account, fuckin A brother.
  • #859
  • Mar 11, 2011 12:37pm Mar 11, 2011 12:37pm
Quoting frankkn
Brilliant idea HG: lower POCs for 2 of the last 3 days. I really like this idea dude, great.

To me trend is very very important, with my purely VSA account I trade only in the direction of the four hour trend.

In my (smaller AMT learning account) I've been experimenting with different kinds of entries, ranging from limit orders at clusters of confluence to VSA in any direction etc.

Once again I really like that idea HG did you come up with it?
If you don't mind me asking how do you determine the 4hr trend? Many days / weeks the 4hr looks pretty choppy overall but we had some nice intermediate trends...
Today's zone = Tomorrow's opportunity!
  • #860
  • Mar 11, 2011 12:39pm Mar 11, 2011 12:39pm
Quoting FXSurfer
Yikes. I remember those days - not fondly!

Hope you're feeling better!
Haha yeah I'm doing super!

Just got home from work. I'm going to look at EU for a while then nap on it for a couple hours then out with the boys tonight. Gonna hit up some bars, and it's great that one of them lives close enough to walk.
14 traders viewing now