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Auction Market Theory and Market Profile

  • #861
  • Mar 11, 2011 12:42pm Mar 11, 2011 12:42pm
Quoting pres78
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...
I define trend as a combination of things including intuition. I start by looking at major supply and demand zones on bigger time frames to understand the SD dynamic. Once that's done (the most important part) I look at the 10sma on the 4h only for a quick reference.

In the case of a down trend I look for rallies into supply on the M15, then find my entry on the M5 (or M3 more recently).
  • #862
  • Mar 11, 2011 12:46pm Mar 11, 2011 12:46pm
Quoting frankkn
I define trend as a combination of things including intuition. I start by looking at major supply and demand zones on bigger time frames to understand the SD dynamic. Once that's done (the most important part) I look at the 10sma on the 4h only for a quick reference.

In the case of a down trend I look for rallies into supply on the M15, then find my entry on the M5 (or M3 more recently).
Ok thanks for the reply... always curious how other skin the old trend cat...
Today's zone = Tomorrow's opportunity!
  • #863
  • Mar 11, 2011 12:50pm Mar 11, 2011 12:50pm
Quoting tgwhbb
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....
What's up man I haven't had much time to trade this week as well. Next week is finals week and I'll be done for the quarter by Tuesday night, so I'll have a lot more time soon, spring break is the following week.

Just got a call while I was typing this post about graduation. One of my friends mentioned before class the yesterday that the deadline to apply for graduation was March 1. . . So today during my break at lunch I called in and I'm submitting a request to registrar to try to graduate in June.

I'm only required to take 2 more classes and I'm done (next quarter starting in a few weeks), and the two that are left are two really easy management classes that I've saved for an easy final quarter.

But thanks for posting some monthly profiles that's great I plan on looking more closely into those, they seem really swell
  • #864
  • Mar 11, 2011 2:58pm Mar 11, 2011 2:58pm
Quoting frankkn
What's up man I haven't had much time to trade this week as well....
for the short term trader like myself, monthly profile provide stronger supply/demand levels to watch. The profile itself however doesn't give much indication because of the duration it takes to build it. but what it does show us is if hte past month was balancing or trending which gives some clues what the current month may do...
Change is the only constant
  • #865
  • Mar 12, 2011 8:52am Mar 12, 2011 8:52am
I am looking for a provider of currency futures market Depth DOM , order flow, Bid, ask Volume
I trade forex, through oanda and I want see market flow, Dom to help me make trade decisions
So I don’t want to use a futures, broker account for trading.
I am looking for the cheapest provider of currency futures Market depth.
I know about ninja trader , but I am over whelmed with all the different data providers and they all have the 30 day demos I know. If I have to open account with some minimum deposit just to use their data that’s fine. just looking for some option of the best way to get this data the cheapest way.
  • #866
  • Mar 12, 2011 9:20am Mar 12, 2011 9:20am
Quoting tgwhbb
well, we'll have to see what the rest of the day has in store for EU,...
I don't know but if market doesn't have already predetermined value for USD then influence on EUR will depend on political decisions in coming days...then market will determine on the go where to go...
The Market pays you to be disciplined
  • #867
  • Mar 13, 2011 4:03am Mar 13, 2011 4:03am
Quoting toddanderson
I am looking for a provider of currency futures market Depth DOM , order flow, Bid, ask Volume
I trade forex, through oanda and I want see market flow, Dom to help me make trade decisions
So I don’t want to use a futures, broker account for trading.
I am looking for the cheapest provider of currency futures Market depth.
I know about ninja trader , but I am over whelmed with all the different data providers and they all have the 30 day demos I know. If I have to open account with some minimum deposit just to use their data that’s fine. just looking...
What do you mean when you say DOM(depth of the market)?? IS this volume by price historgram or contract numbers in time clusters or ask and bid???
I use thinkorswim for free but is has a 20 min delay data when demo.
Next if you are just interested in volume data for previous day go to "trading-evolution.com" and there you will find futures data for currencies for previous days. Olso there are 3 indicators which will help you see those data on charts.
  • #868
  • Mar 13, 2011 7:06am Mar 13, 2011 7:06am
Does someone has: "Market Logic And The Market Profile: An Introduction To Technical Applications" by Dalton James?
The Market pays you to be disciplined
  • #869
  • Edited 11:32pm Mar 13, 2011 11:22pm | Edited 11:32pm
A bit of Wyckoff wave mix in the bag here.

Morning Session indicating GU balancing up on previous day Normal-P curve what looks like NOW bargain hunting on level as it approach 6040 or below. I would expect a reaction at this Wyckoff wave preliminary support (PS area) after we have see a Selling Climax (SC) on friday.

*PS area = 6020-6040 (potential support buying)

*A rather wide fridays buying tail (SC area) eventually close higher with a distribution indicates market finding value higher. The 80% rule suggest 6020 as a potential support also.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Mar. 14 12.18.gif Size: 42 KB
.

A view with Wyckoff Wave, PS is 6040. AR (auto rally) level of 6090 if break & tested, then we could have a trend day up.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Mar. 14 12.19.gif Size: 27 KB
  • #870
  • Mar 14, 2011 1:15pm Mar 14, 2011 1:15pm
not in real-time, but here's a trade i took using AMT+VSA.

1. possible buying (hidden test/shakeout bar) followed, by down bar - but that down bar is a NS and followed by upmove. I wasn't in front of charts and missed it.

2. NS at NY IBH/VAH ,entered on break of high. Of note also is that the 30M chart was not able to close in value up to that point - another SOS. closed on the first rejection of DIBH @ 3990.

now looking for longs at either VAH 3860 or today's dev POC at 3830 ish. Will see where we are at after tokyo open and may place a buy limit. Worked well last night with my buy limit at 3920 - but alas i closed it too quickly again
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 2011-03-14 at 2.07.43 PM.png Size: 53 KB
Change is the only constant
  • #871
  • Edited 2:08pm Mar 14, 2011 1:39pm | Edited 2:08pm
Previous 2 days of b-formation provides indication of market accumulation around value area from 1.000 to 1.004.

Today's Initiative selling after an Opening Test Drive see price drifted lower. Then Au eventually finding value higher after single print probe (on high volume) on VAH @1.006

This should set the tone for potential play on the long side for AU..
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_10 Mar. 15 02.32.gif Size: 39 KB
  • #872
  • Mar 14, 2011 1:58pm Mar 14, 2011 1:58pm
just got around to my daily reading of James Dalton's blog and found this rather interesting (he is referring to S&P, but the concept applies to any instrument)

"Friday was a stretched out day with three separate distributions; treat each as a separate day. What are price and value doing relative to each of these three distributions."

I had not considered "breaking out" each distribution in a trend day like that. Thought I'd share...

http://jamesdaltontrading.com/blog/
Change is the only constant
  • #873
  • Mar 14, 2011 1:58pm Mar 14, 2011 1:58pm
Quoting kave
A bit of Wyckoff wave mix in the bag here.

Morning Session indicating GU balancing up on previous day Normal-P curve what looks like NOW bargain hunting on level as it approach 6040 or below. I would expect a reaction at this Wyckoff wave preliminary support (PS area) after we have see a Selling Climax (SC) on friday.

*PS area = 6020-6040 (potential support buying)

*A rather wide fridays buying tail (SC area) eventually close higher with a distribution...
Well slow day but everything play out well for me with Wyckoff wave today.. Chart here for those who are interested...

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_11 Mar. 15 02.50.gif Size: 28 KB



Price is now threading above DVAH which was form in the 1st half of the day...in line with friday value area..

Potential probe on VAH for tmr?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_12 Mar. 15 02.55.gif Size: 41 KB
  • #874
  • Mar 14, 2011 2:13pm Mar 14, 2011 2:13pm
Quoting tgwhbb
just got around to my daily reading of James Dalton's blog and found this rather interesting (he is referring to S&P, but the concept applies to any instrument)

"Friday was a stretched out day with three separate distributions; treat each as a separate day. What are price and value doing relative to each of these three distributions."

I had not considered "breaking out" each distribution in a trend day like that. Thought I'd share...

http://jamesdaltontrading.com/blog/

yeah, stretch out days with 2 or more distribution of various size should be critical in in analysis; where just by simply studying a wide distribution curve & simply pin down the VA's & POC alone is not enough, from a purist standpoint.
  • #875
  • Mar 14, 2011 2:25pm Mar 14, 2011 2:25pm
Quoting kave
Previous 2 days of b-formation provides indication of market accumulation around value area from 1.000 to 1.004.

Today's Initiative selling after an Opening Test Drive see price drifted lower. Then Au eventually finding value higher after single print probe (on high volume) on VAH @1.006

This should set the tone for potential play on the long side for AU..
Attachment
Hi kave,

aren't 'b' formations are generally indicative of long liquidations? meaning one would expect downside movement from there. However, the fact that the last profile builds value in the undeveloped area above the previous value area negates that i would think - which supports the higher prices theory.
Change is the only constant
  • #876
  • Mar 14, 2011 2:26pm Mar 14, 2011 2:26pm
Quoting kave

Potential probe on VAH for tmr?
Attachment
tmr?
Change is the only constant
  • #877
  • Mar 14, 2011 2:43pm Mar 14, 2011 2:43pm
Quoting tgwhbb
tmr?
tomorrow.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #878
  • Mar 14, 2011 3:05pm Mar 14, 2011 3:05pm
Quoting HiddenGap
tomorrow.
doh! too many acronyms...
Change is the only constant
  • #879
  • Mar 14, 2011 5:47pm Mar 14, 2011 5:47pm
Quoting tgwhbb
now looking for longs at either VAH 3860 or today's dev POC at 3830 ish.
given this afternoon's PA, i've revised my target long entry higher to around 3960 area. This is the secondary POC for today, and today's VAH. see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 2011-03-14 at 6.43.55 PM.png Size: 60 KB
Change is the only constant
  • #880
  • Mar 14, 2011 6:29pm Mar 14, 2011 6:29pm
Hi,

I was wondering about session open times given the daylight savings change on Sunday as this affects the initial balance.

My broker uses GMT time, so the NY open is now 12:00 GMT right, as opposed to 13:00 GMT like last week? What about for London and Tokyo open? Do they observe daylight savings as well which would make their session open at 7:00 GMT and 23:00 GMT?
Change is the only constant
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