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Auction Market Theory and Market Profile

  • #961
  • Mar 18, 2011 12:17pm Mar 18, 2011 12:17pm
Heyo

Just got home from work. I contacted FF to see if it was possible to allow anyone else to modify the OP, unfortunately that's not an option, but I would like to start gathering stuff to toss into the OP.

If anyone has any suggestions PM me with material/posts that you guys think should be in the OP
  • #962
  • Mar 18, 2011 12:19pm Mar 18, 2011 12:19pm
Quoting tgwhbb
posted a couple of months ago in this post.
Damn didn't realize this thread has been around for so long, time has been flying by
  • #963
  • Mar 18, 2011 12:19pm Mar 18, 2011 12:19pm
Great stuff guys. 1-2-1 interesting.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #964
  • Mar 18, 2011 1:56pm Mar 18, 2011 1:56pm
Quoting HiddenGap
Great stuff guys. 1-2-1 interesting.
Speaking of which, look at this wkly profile year over year of APPLE.

Last year Apple is giving us that "middle finger"..lol

I suspect it was directed towards those Ipad copycats.

& look what happen after that 1-2-1..

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  • #965
  • Mar 19, 2011 9:18am Mar 19, 2011 9:18am
Nice example of when VSA and AMT come together to give a nice clear, low risk entry.

GU approached and was stopped right at a conjestion of 3 POC's... As soon as that NS / test printed right at the high volume downbar close trigger level and the 3 POC's this was a pretty nice sign from SM that one could safely get in long.
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Today's zone = Tomorrow's opportunity!
  • #966
  • Edited 11:29pm Mar 20, 2011 10:53pm | Edited 11:29pm
Initiative Selling in both pairs EU & GU in the morning but on typical calm monday. I expect the disinterest in current level to be carry downwards where interest in buying could be seen. I remain cautious.

EU; Long on European open or VPOC of 4070 which ever comes 1st. Target to 4200 & 4250.

GU; Long on European open or VPOC of 6160, which ever comes 1st. Target to 6300 & 6350.

Risk to trades 25 pips or the nearest round number (increment 50) or swing low.

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  • #967
  • Mar 20, 2011 11:21pm Mar 20, 2011 11:21pm
Initial session within VA follow by responsive buying...

Long on European open today & target to 1.010 & 1.015. Risk to .9965 (VAH) or .9945 depending on European open..

Attached Image
  • #968
  • Mar 21, 2011 2:36am Mar 21, 2011 2:36am
Hi,
The MP indicator from Bandung which many of us use is builds the profile on volume. Is this true? Has anyone a TPO indicator for MT4, based on price? Is this necessary, what is your opinion?

Thanks a lot for your reply.
Ox
  • #969
  • Mar 21, 2011 2:44am Mar 21, 2011 2:44am
Quoting Oxford
Hi,
The MP indicator from Bandung which many of us use is builds the profile on volume. Is this true? Has anyone a TPO indicator for MT4, based on price? Is this necessary, what is your opinion?

Thanks a lot for your reply.
Ox

Hi Ox - open the properties of Bandung's indy and change the second line - UseVolumeProfile to false. This sets it to work on price instead of volume.....
Trading Levels with WRBs
  • #970
  • Mar 21, 2011 2:47am Mar 21, 2011 2:47am
Great, thank you very much. What do you use?

Wish you a very successful day!

Quoting Islander
Hi Ox - open the properties of Bandung's indy and change the second line - UseVolumeProfile to false. This sets it to work on price instead of volume.....
  • #971
  • Mar 21, 2011 2:54am Mar 21, 2011 2:54am
Quoting Oxford
Great, thank you very much. What do you use?

Wish you a very successful day!
You're welcome - I've tried both settings and IMO there's little difference - its more about how to interpret what its showing http://www.forexfactory.com/images/icons/icon12.gif

This morning both Eu and Gu have opened above and are trading above Friday's Value Area, but holding inside Fridays Range.

Now to see what the London Open brings......
Trading Levels with WRBs
  • #972
  • Mar 21, 2011 6:02am Mar 21, 2011 6:02am
Quoting kave
Initiative Selling in both pairs EU & GU in the morning but on typical calm monday. I expect the disinterest in current level to be carry downwards where interest in buying could be seen. I remain cautious.

EU; Long on European open or VPOC of 4070 which ever comes 1st. Target to 4200 & 4250.

GU; Long on European open or VPOC of 6160, which ever comes 1st. Target to 6300 & 6350.

Risk to trades 25 pips or the nearest round number (increment 50) or swing low.

Attachment
update:
GU; positive now but reduce to exposure above BE just below 6230
EU; small negative for now with risk to trade at just below 4145
  • #973
  • Mar 21, 2011 6:05am Mar 21, 2011 6:05am
Quoting kave
Initial session within VA follow by responsive buying...

Long on European open today & target to 1.010 & 1.015. Risk to .9965 (VAH) or .9945 depending on European open..

Attachment
update:
AU positive now, reduce exposure to BE.
  • #974
  • Mar 21, 2011 8:58am Mar 21, 2011 8:58am
Quoting kave
update:
GU; positive now but reduce to exposure above BE just below 6230
EU; small negative for now with risk to trade at just below 4145
Close both trade by UK 1pm (avoiding NY open), positive with Eu 33 & GU 71pips
  • #975
  • Mar 21, 2011 12:22pm Mar 21, 2011 12:22pm
Quoting kave
Initial session within VA follow by responsive buying...

Long on European open today & target to 1.010 & 1.015. Risk to .9965 (VAH) or .9945 depending on European open..

Attachment
What time frame do you trade off of??
  • #976
  • Mar 21, 2011 1:20pm Mar 21, 2011 1:20pm
Quoting qtrader
What time frame do you trade off of??

30mins Market profiles
  • #977
  • Mar 21, 2011 8:06pm Mar 21, 2011 8:06pm
This would be helpful. "mini" market profiles instead of candlesticks. And a Delta volume indicator...
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  • #978
  • Mar 22, 2011 1:28am Mar 22, 2011 1:28am
Minor initiative selling did not produce any drastic response to price as price dips slightly back near VAH with some signs of pickup of strength.

In view of the trend but also the overbought extreme, i remain cautious

EU:Long on European open, target to 4300 & 4350, risk to trade at 4195 (VAH) (*EU is on approach to its NOV 2010 high area of around 1.42500)
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GU:Long on European open, Target to 6350 & 6400, risk to trade at 6250
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  • #979
  • Mar 22, 2011 3:42am Mar 22, 2011 3:42am
Quoting kave
Minor initiative selling did not produce any drastic response to price as price dips slightly back near VAH with some signs of pickup of strength.

In view of the trend but also the overbought extreme, i remain cautious

EU:Long on European open, target to 4300 & 4350, risk to trade at 4195 (VAH) (*EU is on approach to its NOV 2010 high area of around 1.42500)
Attachment


GU:Long on European open, Target to 6350 & 6400, risk to trade at 6250
Attachment
GU; 1st target reach at 6350, reduce exposure & raise stop above BE to 6315

EU slight positive, reduce exposure to 4215.
  • #980
  • Mar 22, 2011 4:54am Mar 22, 2011 4:54am
Quoting kave
EU slight positive, reduce exposure to 4215.
Kave, did you take today's VAL for your stop?

Ox
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