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Auction Market Theory and Market Profile

  • #901
  • Mar 15, 2011 11:00am Mar 15, 2011 11:00am
Quoting kave
After the Opening Drive, the responsive selling see price back down into Value Area. Single Print is spotted with what seems like initiative selling below Value Area. Interesting now cause GU is now tested on 1.6000..

If no spring back up to 1.6000 then a drive down could sell furthur weakness to next quarter level of 1.5750. Or basic test 1.6 instead on the upside could bring about a relieve recovery on a short term.

Attachment

update; no continuous drive down but a spring (basic test) on 1.6000 instead with recovery back up...
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  • #902
  • Mar 15, 2011 12:59pm Mar 15, 2011 12:59pm
Quoting frankkn

Because I may only be able to take one or two trades this week I've been sitting on the side lines waiting for my A+ today while hitting the books for finals tonight.
good luck with finals...

for what it's worth, some of my best weeks lately have been when only taking a handful of trades...
Change is the only constant
  • #903
  • Mar 15, 2011 2:12pm Mar 15, 2011 2:12pm
I have not been trading these past 2 weeks, after a period of very bad trading. I decided to
Go back to basics and re educate myself in AMT.
Not wishing to solicit any trading program in any wave shape or form as I know it is frowned upon here in FF.But I have just spent 2 days at a seminar produced by L2ST in AMT using Delta Market profile hosted by Kam Dhadwar from L2ST.The insights and methodology
Are exceptional and unique and well worth the money. I was fortunate to come into some money (playing Texas Holdem) which paid ¾ of the price of the (£995) tuition, having said that I would have paid the full price as the wealth of material supplied far exceeded my expectations. Check them out online; their web site has lots of free videos and a great blog site. Give Kam a phone, he is very approachable and has enthusiasm that will take your breath away. Mention my name, Ian Douglas. He might give you the same deal as I got. I have never advocated somebody else`s services and I am not affiliated to L2ST in any commercial form. As for Market Delta I am lost for words in its capabilities.
One more thing I would like to share with you is a site I have known about for sometime here on FF. It is called Volume Trading where you can download volumes direct from CBOT along with Option levels and a Volume Histograme.Take a look at the JPEGS I have posted and look at the volume levels in blue and see where price reacted. I am still observing these levels and I am not trading them but take a look and watch what price action does around the MP.I will not be here for sometime as I am still studying and delving into Market Delta on a full time basis. I just wanted to share this with you all, in particular to those of you that have shared all the great indicators and time (you know who you are) and effort.

Good trading to you all

http://l2st.co.uk/products/traders_online
Volume Trading @ Forex Factory

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hifx
  • #904
  • Mar 15, 2011 11:21pm Mar 15, 2011 11:21pm
Quoting HIFX
I have not been trading these past 2 weeks, after a period of very bad trading. I decided to
Go back to basics and re educate myself in AMT.
Not wishing to solicit any trading program in any wave shape or form as I know it is frowned upon here in FF.But I have just spent 2 days at a seminar produced by L2ST in AMT using Delta Market profile hosted by Kam Dhadwar from L2ST.The insights and methodology
[color=black][font=Verdana]Are...
Texas Holdem love this game myself...hope your investment in education brings fruition to your knowledge & hope to learn from u too with your new found knowledge.

Tks for your share too.

PS: Your previous psychedelic charts still sucks....
  • #905
  • Mar 16, 2011 7:25am Mar 16, 2011 7:25am
entry details for my current long are posted here: http://www.forexfactory.com/showpost...ostcount=16443

From AMT perspective, with profiles starting at GMT 0:00 (as in my chart), EU started to build value yesterday above 3970 which is Monday's VAH. Therefore value still building higher on EU and yesterday should be regarded as a trend day up IMO.

To add to this if you use profiles starting at 08:00 GMT (London open), yesterday is a clear trend day up and started with responsive buying below Monday's VAL.

Today's move down to 3930 area is (IMO) a technical move to kiss the naked POC since EU closed above value yesterday. Hence why my buy limit was set for 3934. The fact that price was brought down there just before NY open is positive IMO, and so is the fact that it came down in non-increasing volume.
Change is the only constant
  • #906
  • Mar 16, 2011 7:34am Mar 16, 2011 7:34am
Quoting HIFX
I have not been trading these past 2 weeks, after a period of very bad trading. I decided to
Go back to basics and re educate myself in AMT.
Not wishing to solicit any trading program in any wave shape or form as I know it is frowned upon here in FF.But I have just spent 2 days at a seminar produced by L2ST in AMT using Delta Market profile hosted by Kam Dhadwar from L2ST.The insights and methodology
[color=black][font=Verdana]Are...
Wow nice winnings! Whats delta profile? Market delta?
  • #907
  • Mar 16, 2011 7:38am Mar 16, 2011 7:38am
Quoting tgwhbb
entry details for my current long are posted here: http://www.forexfactory.com/showpost...ostcount=16443

From AMT perspective, with profiles starting at GMT 0:00 (as in my chart), EU started to build value yesterday above 3970 which is Monday's VAH....
Do you feel as if profiles should be looked at in multiple start times? Starting to do this more, sometimes I feel it throws me off, but as your post above could show when done right it shows the true direction of the market.
  • #908
  • Mar 16, 2011 7:42am Mar 16, 2011 7:42am
Quoting inks2002
Do you feel as if profiles should be looked at in multiple start times? Starting to do this more, sometimes I feel it throws me off, but as your post above could show when done right it shows the true direction of the market.
personally i prefer profiles that start at GMT 00:00 - the Tokyo open. You could also have them start at 22:00 GMT (NZ open/NY close) - but i believe the difference is minimal. I switch to london based profiles from time to time, but mostly for 2 things.

1) to see what POC's (which i've found align pretty well with VA H/L's of tokyo profiles, but not always, so if there are discrepancies its good to note.

2) on Monday's. Using london based profiles on Monday's gives a better picture IMO of Sunday's action in relation to Friday - Thanks to HG for that one
Change is the only constant
  • #909
  • Mar 16, 2011 7:49am Mar 16, 2011 7:49am
Quoting tgwhbb
personally i prefer profiles that start at GMT 00:00 - the Tokyo open....
nice, I like number two...good idea.
  • #910
  • Mar 16, 2011 12:43pm Mar 16, 2011 12:43pm
Great discussion guys.

What is Market Delta?

Finished the quarter, only work for a week and a half so I'll be around more. My girlfriend of several years is preparing for her trip to Japan, she's scheduled to leave in two weeks for a 4mo internship teaching English. The town is called Okayama and I think it's just Southwest of Tokyo. I wonder if she'll be going and if she does go if she should be looking for some Iodine pills?
  • #911
  • Mar 16, 2011 12:53pm Mar 16, 2011 12:53pm
Can someone give his opinion to the distribution of yesterdays profile? I'm new to AMT, and the distribution looks unusual to me. Does this mean something?

Best,
Ox
  • #912
  • Mar 16, 2011 1:10pm Mar 16, 2011 1:10pm
Quoting Oxford
Can someone give his opinion to the distribution of yesterdays profile? I'm new to AMT, and the distribution looks unusual to me. Does this mean something?

Best,
Ox
Here is a quick reference

http://www.earnforex.com/forex-e-boo...ile_Basics.pdf
  • #913
  • Mar 16, 2011 1:11pm Mar 16, 2011 1:11pm
Quoting Oxford
Can someone give his opinion to the distribution of yesterdays profile? I'm new to AMT, and the distribution looks unusual to me. Does this mean something?

Best,
Ox
i'm relatively new to AMT as well, but here are my 2c. assuming you are referring to EU.

Using a profile starting with Tokyo open, yesterday indeed looks a bit strange. The value area is very large with 2 distinct high volume nodes around 3880 and 3930 but the profile looks more like a trend profile. If you use profiles starting with London open, the profile looks much more like a double distribution day.

In any case, i believe the best way to interpret them is to treat each high volume node as seperate days. What i found positive for bulls from yesterday was the fact that the lowest HVN was built above last thursday and Friday's value, and above last week's value when you look at a weekly profile.

Today is currently shaping up to look like a 'P' shape, which is indicative of short covering. However the day is not yet over so time will tell...
Change is the only constant
  • #914
  • Mar 16, 2011 1:20pm Mar 16, 2011 1:20pm
Just looking back to the shape of the profile. Monday looks nontrend, yesterday wasn't a double distribution day it was kindof like a 2.75 distribution day lol, with the lowest dist filling in the highlighted area from friday a little bit. It will be interesting to see how this profile finishes off. Right now looks like a double dist and we're building value near the highlighted zone.
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  • #915
  • Mar 16, 2011 1:22pm Mar 16, 2011 1:22pm
Quoting tgwhbb
i'm relatively new to AMT as well,...................... However the day is not yet over so time will tell...
Yep me too pretty much everyone here is new to AMT.....And yep, lets see what she does going into Tokyo. I'll have the place to myself tonight my lady is visiting her mother before her departure.
  • #916
  • Mar 16, 2011 1:24pm Mar 16, 2011 1:24pm
So does it mean anything that today's POC is sitting right now way up at 3971?
Today's zone = Tomorrow's opportunity!
  • #917
  • Mar 16, 2011 1:36pm Mar 16, 2011 1:36pm
Quoting pres78
So does it mean anything that today's POC is sitting right now way up at 3971?
Great question. Check out yesterday, it's a similar situation with regards to the distance between price and the POC at the end of the day.

Maybe this could be indicative of a range? That would be really handy info but it would take lots of observation.

Edit: Forgot to mention I tossed in a red arrow to point at yesterday's POC and a blue for today's. D#2POC is with today's as well, interesting.
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  • #918
  • Mar 16, 2011 1:40pm Mar 16, 2011 1:40pm
Quoting frankkn
Great question. Check out yesterday, it's a similar situation with regards to the distance between price and the POC at the end of the day.

Maybe it could be indicative of a range? That would be really handy info but it would take lots of observation.

Edit: Forgot to mention I tossed in a red arrow to point at yesterday's POC and a blue for today's. D#2POC is with today's as well, interesting.
Interesting... well then tommorow should be an upday to test today's POC ... as if it would be that easy.
Today's zone = Tomorrow's opportunity!
  • #919
  • Mar 16, 2011 1:44pm Mar 16, 2011 1:44pm
Quoting pres78
Interesting... well then tommorow should be an upday to test today's POC ... as if it would be that easy.
I'm very curious, never thought of this before just a hypothesis


http://www.google.com/url?source=img...ktefq7fmXP84mQ
  • #920
  • Mar 16, 2011 1:47pm Mar 16, 2011 1:47pm
Quoting frankkn
I'm very curious, never thought of this before just a hypothesis
Well AMT is still greek to me and all I really watch is for bounces at VAH, VAL and POC's... do I understand why it works yet? Nope.

Am really curious though about the relationship of closing price / price range for the day and the placement of the POC in relation. I.e. what we saw the last two days... upday with extremely low POC and now down day with extremely high POC... seems very unbalanced so to speek.
Today's zone = Tomorrow's opportunity!
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