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Auction Market Theory and Market Profile

  • #1,001
  • Mar 23, 2011 4:09am Mar 23, 2011 4:09am
Quoting kave
GU seems to be holding well with a normal balance initial profile that falls as an inside day. I am cautiously bullish for this pair for now...

Trade a break above 6400 or below 6330 (LVN). Target to long to 6450 & 6500. Shot target to 6250 & 6200.

Initial risk to trade is 50pips..

Edit: errata LVN is 6330 not 6300.

Attachment
Short trigger on 6330, SL now set to 6350.
  • #1,002
  • Mar 23, 2011 4:36am Mar 23, 2011 4:36am
Quoting kave
Short trigger on 6330, SL now set to 6350.
errata; 1st target is suppose to be 6300, 2nd is 6250..

update. price hit 6300, reduce exposure & move stops to BE with remaining.
  • #1,003
  • Mar 23, 2011 4:38am Mar 23, 2011 4:38am
Quoting kave
errata; 1st target is suppose to be 6300, 2nd is 6250..

update. price hit 6300, reduce exposure & move stops to BE.
Careful possible SO just occured on 5 min...
Today's zone = Tomorrow's opportunity!
  • #1,004
  • Mar 23, 2011 4:46am Mar 23, 2011 4:46am
Quoting pres78
Careful possible SO just occured on 5 min...
yeah saw that...tks..

I am now in risk free trade with 1st half of exposure closed..
  • #1,005
  • Mar 23, 2011 5:46am Mar 23, 2011 5:46am
Quoting kave
Eu seems be stalling after some initiative selling. With yesterday's rejection of 4250, price then makes a ABC like correction..anyway strengths is building up now on 4150 as we speak.

Strategy for me will be to trade a break of 4220 or 4130. (Round off from 4217 & 4315 as shown in my chart.

Target to 4300 for long & 4050 (just below VPOC) for short. Initial Risk is 45 pips.

Attachment

FYI trigger line of 4163 tested again...
Attachment

Net movement is rather limiting since European open & not much have change since then for 3+ hours there after. Close all pending for today. therefore flat for EU today.

--
EU finding value with POC centered on 4177 in line with Mondays profile & value area too, at least for now just prior to NY.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_57 Mar. 23 18.52.gif Size: 33 KB
  • #1,006
  • Mar 23, 2011 6:45am Mar 23, 2011 6:45am
Quoting alexm
I found this article by Robin Mesch.

http://www.mta.org/eweb/docs/pdfs/robinmesch-082510.pdf

Hope it help us to understand market profile better and use it wiser.

May the Force be with you.
this is gold Alex... thanks v much..

==========================
Using Market Profile to Build a Strategy
Elements of the Method:

  1. Range Trade underdeveloped Bell curves until the are complete
  2. Put small completed bell curves into a larger under-developed context
  3. Trade for Development of low-usage areas until the larger under-developed context is integrated into a completed bell curve

highly appreciated if anyone can explain this more in dept...
HG, Frank, Kave, Press, Mia, KG, anyone ... would you..?

Cheers...
Bandung.

...
  • #1,007
  • Mar 23, 2011 6:58am Mar 23, 2011 6:58am
Quoting bandung
this is gold Alex... thanks v much..

==========================
Using Market Profile to Build a Strategy
Elements of the Method:

  1. Range Trade underdeveloped Bell curves until the are complete
  2. Put small completed bell curves into a larger under-developed context
  3. Trade for Development of low-usage areas until the larger under-developed context is integrated into a completed bell curve

highly appreciated if anyone can explain this more in dept...
HG, Frank, Kave, Press, Mia, KG, anyone ... would...

Yes tks alex for the share too. I am still chewing on the info yet...
  • #1,008
  • Mar 23, 2011 7:00am Mar 23, 2011 7:00am
Quoting kave
Short trigger on 6330, SL now set to 6350.
Price momentum increase, move stop down to 6300 to lock in, price on approach to 2nd target 6250, I got 1 hour left to hold this trade...
  • #1,009
  • Mar 23, 2011 7:03am Mar 23, 2011 7:03am
Quoting kave
Yes tks alex for the share too. I am still chewing on the info yet...
I also say thks for the link and those sharing their knowledge here. I've just been using a straight forward mkt profile indi drawing a line at the highest vol point. Lots to learn as I've been using solely as an additional SR point and looking at prices reaction at those levels.

There have been some great trades in last few days and these 2 charts are clear.
Attached Image(s) (click to enlarge)
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  • #1,010
  • Mar 23, 2011 7:36am Mar 23, 2011 7:36am
Quoting kave
Price momentum increase, move stop down to 6300 to lock in, price on approach to 2nd target 6250, I got 1 hour left to hold this trade...
look like gu goin to monday vpoc / first hvn of this week...

6250 goin to be hit kave in this few minute...
Attached Image (click to enlarge)
Click to Enlarge Name: gu-110323-01.png Size: 79 KB
...
  • #1,011
  • Mar 23, 2011 7:47am Mar 23, 2011 7:47am
Quoting bandung
look like gu goin to monday vpoc / first hvn of this week...

6250 goin to be hit kave in this few minute...

hi bandung, is that your new indi with daily, weekly and monthly profiles on the same chart? If so, will you be sharing that soon?
Change is the only constant
  • #1,012
  • Mar 23, 2011 7:53am Mar 23, 2011 7:53am
hard to trade when not in front of computer most of the day...had a long from last night in asia at 4160, when i woke up this morning price had closed above LO IBH after shakeout on tokyo IBL. Set stop to BE with TP to 4240 figuring EU was headed to LO DIBH which is near yesterday's naked POC...then had to leave and my SL was hit first...40 pips left on the table...

looks like EU is headed down for a retrace, possibly ot test last week's VAH?
Change is the only constant
  • #1,013
  • Mar 23, 2011 7:54am Mar 23, 2011 7:54am
Please share this wonderful indicator. Thank you!
Quoting tgwhbb
hi bandung, is that your new indi with daily, weekly and monthly profiles on the same chart? If so, will you be sharing that soon?
  • #1,014
  • Mar 23, 2011 7:54am Mar 23, 2011 7:54am
Quoting tgwhbb
hi bandung, is that your new indi with daily, weekly and monthly profiles on the same chart? If so, will you be sharing that soon?
tgwhbb, it another indicator that i can put on the right side of the chart, I still testing it, currently it make a candle/bar blinking... that why i use custom bar indicator...
maybe it because too much gradient color....

i'll share it here when ready...
...
  • #1,015
  • Mar 23, 2011 8:10am Mar 23, 2011 8:10am
Quoting bandung
look like gu goin to monday vpoc / first hvn of this week...

6250 goin to be hit kave in this few minute...
haha nice chart. love it...
  • #1,016
  • Mar 23, 2011 8:13am Mar 23, 2011 8:13am
Quoting kave
Price momentum increase, move stop down to 6300 to lock in, price on approach to 2nd target 6250, I got 1 hour left to hold this trade...
Close trade at gross 80pip on 6250...

Interesting now as it is on approach to Monday VPOC of 6220..market is now on unfair low base on the last 2 days Value Area.

So recovery back up to at least VAL could play out.

Attached Image (click to enlarge)
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  • #1,017
  • Mar 23, 2011 8:43am Mar 23, 2011 8:43am
My 5m chart as posted elsewhere, I keep my AMT indy on my 30m and trade off my 5m - although I watched the action around the VPOC on the 1 min to fine tune my short entry......
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: mar 23 eu 5m 1400 cet.gif Size: 22 KB
Trading Levels with WRBs
  • #1,018
  • Mar 23, 2011 9:51am Mar 23, 2011 9:51am
Quoting bandung
tgwhbb, it another indicator that i can put on the right side of the chart, I still testing it, currently it make a candle/bar blinking... that why i use custom bar indicator...
maybe it because too much gradient color....

i'll share it here when ready...

Oh great, hope i can see those ABC print on the profile as n option too
  • #1,019
  • Mar 23, 2011 9:54am Mar 23, 2011 9:54am
Just in case anyone missed that hit on todays DPOC 20 minutes ago........
Attached Image (click to enlarge)
Click to Enlarge Name: mar 23 eu 30m amt 1452 gmt.gif Size: 27 KB
Trading Levels with WRBs
  • #1,020
  • Mar 23, 2011 3:33pm Mar 23, 2011 3:33pm
Just read that PDF. This idea is great but how to realize? I've once seen an demo of MarketDelta where they put small bell curves together. Is anyone here use this tool?

Ox

Quoting bandung
this is gold Alex... thanks v much..

==========================
Using Market Profile to Build a Strategy
Elements of the Method:

  1. Range Trade underdeveloped Bell curves until the are complete
  2. Put small completed bell curves into a larger under-developed context
  3. Trade for Development of low-usage areas until the larger under-developed context is integrated into a completed bell curve

highly appreciated if anyone can explain this more in dept...
HG, Frank, Kave, Press, Mia, KG, anyone...

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