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Auction Market Theory and Market Profile

  • #1,081
  • Mar 25, 2011 11:03am Mar 25, 2011 11:03am
Quoting alexm
Pocket of low usage for Euro at 1.525 I wonder how long does it take to reach there? 3 to 4 months may be.
thinkorswim - someone brought my atten to TOS today and I started to play around on paper money. I am using MP and the actual trading platform is quite nice and feature enrich. ok back to trading.

I traded a smaller TF using the Fill the Gap- low usage area - on EU today. From 4170ish to the low usage pocket at 4112. It worked. ;-)

Trade:
I used the POC for Entry- Bounce off - Magnets work both ways
I used the Low usage area for TP and possible reversal area. VPOC wasn't breached.

Have a great weekend everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: eu_thursady.gif Size: 21 KB
  • #1,082
  • Mar 25, 2011 11:17am Mar 25, 2011 11:17am
got some free hours today in the office...
so i can play and code my scrable set...

eu... this week profile look like a bell curve - distribution/acumulation...?
eu got a new high for this year this week, but can break Nov, 2010 high.

poc for this week is 4168/70 which confluence with mon, wed and this friday's poc.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-oneweekpoc2.png Size: 100 KB
Click to Enlarge Name: eu-oneweekpoc.png Size: 73 KB
...
  • #1,083
  • Mar 25, 2011 11:25am Mar 25, 2011 11:25am
bandung,

your talents are very impressive, your work/play looks outstanding!

I have been eager for a long time to move away from bars charts, looking at the alphabet all day long looks like fun.


AlienTrader
  • #1,084
  • Mar 25, 2011 11:31am Mar 25, 2011 11:31am
terrible day today...couldn't seem to get anything right and erased most of my gains from this week. Took a short on the back test of today's VAL at 4133 on the break of a ND looking bar and just exited for 22 pips on that UHV shakeout looking bar. I was targeting the naked poc at 4084, but that volume scared me out...

EU now looks like its going to hit 4084 afterall...we will see... playing a buy limit at 4084 as I suspect at least a bounce there.

Hopefully next week will be better...

as i finished writing this my original target has been hit and my buy limit triggered...let's see what happens next.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 2011-03-25 at 12.29.03 PM.png Size: 59 KB
Change is the only constant
  • #1,085
  • Edited 1:57pm Mar 25, 2011 12:32pm | Edited 1:57pm
Quoting bandung
got some free hours today in the office...
so i can play and code my scrable set...

eu... this week profile look like a bell curve - distribution/acumulation...?
eu got a new high for this year this week, but can break Nov, 2010 high.

poc for this week is 4168/70 which confluence with mon, wed and this friday's poc.
there is alot of move... and i dont catch any... nevermind

anyway...
this is the first release(beta) of my MP-Text indicator




it using dll for mp main calculation, it faster then using mt4. It load 100 daily profiles without a blink on my laptop...

  1. ay-MT4MPLibL.dll belong to YOURMT4FOLDER\experts\libraries
  2. ay-object.func.mqh belong to YOURMT4FOLDER\experts\include
  3. ay-MP-text.mq4 belong to to YOURMT4FOLDER\experts\indicators

cheers..
bandung

ps:
if u interisting in programming your own MP profile you can use this dll, you can see how I use this dll in ay-MP-text.mq4 file.

Attached Image (click to enlarge)
Click to Enlarge Name: mpletter.png Size: 48 KB
Attached File(s)
File Type: zip mpletter.zip   10 KB | 1,320 downloads
...
  • #1,086
  • Mar 25, 2011 12:55pm Mar 25, 2011 12:55pm
Quoting bandung
there is alot of move... and i dont catch any... nevermind

anyway...
this is the first release of my MP-Text indicator



it using dll for mp main calculation, it faster then using mt4. It load 100 daily profiles without a blink on my laptop...

  1. ay-MT4MPLibL.dll belong to YOURMT4FOLDERexpertslibraries
  2. ay-object.func.mqh belong to YOURMT4FOLDERexpertsinclude
  3. ay-MP-text.mq4 belong to to YOURMT4FOLDERexpertsindicators

cheers..
bandung

ps:
if u interisting in programming your own MP profile you can use this dll, you...


I admire your work. I am looking forward to using and learning about your newest indi. Unfortunately, I can get the indi to load. Do I need to allow dll imports?
Markets are not efficient, rather they are effective - Jones
  • #1,087
  • Mar 25, 2011 1:03pm Mar 25, 2011 1:03pm
I also greatly appreciate your work bandung. I put the files in the folders but it didnt load either and I also allowed dll importing...
  • #1,088
  • Mar 25, 2011 1:13pm Mar 25, 2011 1:13pm
I see you added the option for Yearly Profile to your indicator, thanks! Could you also add a 15min option if it isnt to much work?
  • #1,089
  • Mar 25, 2011 1:40pm Mar 25, 2011 1:40pm
Quoting mzvega
I admire your work. I am looking forward to using and learning about your newest indi. Unfortunately, I can get the indi to load. Do I need to allow dll imports?
yes you need to allow dll imports.
and if it still cant load. try to install Microsoft Visual C++ 2010 Redistributable Package (x86)
you can get it here http://www.microsoft.com/downloads/e...3-37bf0912db84
...
  • #1,090
  • Mar 25, 2011 1:43pm Mar 25, 2011 1:43pm
Quoting pbylina
I see you added the option for Yearly Profile to your indicator, thanks! Could you also add a 15min option if it isnt to much work?
i'm affraid i can add that option at this moment... and i'm still testing this indic...

can you tell me why you need 15 minute profile...?, it so tiny, are you going to look at it in 1 minute time frame..?
...
  • #1,091
  • Mar 25, 2011 2:00pm Mar 25, 2011 2:00pm
Quoting bandung
yes you need to allow dll imports.
and if it still cant load. try to install Microsoft Visual C++ 2010 Redistributable Package (x86)
you can get it here http://www.microsoft.com/downloads/e...3-37bf0912db84


OMG! Its sooooooooo beautiful!!!!! I applaud your mental mathmatical gymnastics!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: ay test1.jpg Size: 112 KB
Markets are not efficient, rather they are effective - Jones
  • #1,092
  • Mar 25, 2011 2:07pm Mar 25, 2011 2:07pm
Quoting bandung
i'm affraid i can add that option at this moment... and i'm still testing this indic...

can you tell me why you need 15 minute profile...?, it so tiny, are you going to look at it in 1 minute time frame..?
I'd be happy explain! Ok, Theres a blog of this guy that daytrades Using Volume Profle. He has 30 videos, you should start from the oldest one first because they build off of eachother. Anyways, He trades using the daily profile and has the 15min mini profiles. In one of his videos the price came to the Daily VAL. On the 15min profile the PVP was outside of the DVAL, price did not close below the DVAL, and their was an increase of volume, which=Rejection, go long!
Heres the site:http://eminiprofiledaytrading.wordpress.com/
He's missing some videos on the site but there all on his youtube:
http://www.youtube.com/user/eminiprotrader
  • #1,093
  • Mar 25, 2011 2:11pm Mar 25, 2011 2:11pm
Quoting pbylina
I'd be happy explain! Ok, Theres a blog of this guy that daytrades Using Volume Profle. He has 30 videos, you should start from the oldest one first because they build off of eachother. Anyways, He trades using the daily profile and has the 15min mini profiles. In one of his videos the price came to the Daily VAL. On the 15min profile the PVP was outside of the DVAL, price did not close below the DVAL, and their was an increase of volume, which=Rejection, go long!
Heres the site:http://eminiprofiledaytrading.wordpress.com/
--He's missing...
I will check it pbylina... thanks..
...
  • #1,094
  • Mar 25, 2011 2:37pm Mar 25, 2011 2:37pm
Bandung very nice. I find myself thinking about MT4 now.....

Just curious, can you color the letters by time period?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,095
  • Mar 25, 2011 2:49pm Mar 25, 2011 2:49pm
Thank you very much Bandung! Great work!!

Quoting bandung
.
  • #1,096
  • Edited 3:13pm Mar 25, 2011 3:11pm | Edited 3:13pm
Bangdung I was hoping to ask you about your auction market indi. The one with the Initial Balance and and double IB levels. There are MP strategies that commercial traders use . Any price moves out of the IB range is caused by Commercial/Institutional traders. Only they have the volume to push prices outside the IB range. I use your Auction Market indi. But it would be great to have these levels to use in conjunction with your newest indi. I have attached a chart where I use a similar indi. to plot these levels But it leaves a lot of clutter on the chart. From my chart you can see that these levels are hit almost to the tick. I would love to use a combination of both your awesome indicators to achieve this.
Commercial Capping: 1 ½, 2x’s and 3x’s, the IB (Initial Balance), and used exclusively by Institutions and Commercial traders as Support or Resistance and Profit targets that work to the tick. Do not trade these levels blindly. Make sure you understand the logic to know when to use these levels as support or resistance.
Commercial Capping Solution: The Institutions us the Initial Balance Levels as profit targets and as support or resistance. With market profile training you will then understand the day type and when to use the initial balance, 1 ½ times IB, 2 times IB and 3 times IB with your day trading.

Daily IB = first 60m
Weekly IB= first 2 days
Monthly IB= first week
Quarterly IB =first month
Yearly IB = first 3 months
Attached Image (click to enlarge)
Click to Enlarge Name: Com. Capping.jpg Size: 155 KB
Markets are not efficient, rather they are effective - Jones
  • #1,097
  • Mar 25, 2011 3:26pm Mar 25, 2011 3:26pm
Quoting mzvega
[font=Calibri][size=3]Bangdung I was hoping to ask you about your auction market indi. The one with the Initial Balance and and double IB levels. There are MP strategies that commercial traders use . Any price moves out of the IB range is caused by Commercial/Institutional traders. Only they have the volume to push prices outside the IB range. I use your Auction Market indi. But it would be great to have these levels to use in conjunction with your newest indi. I have attached a chart where I use a similar indi. to plot these levels But it leaves...
Hi mzvega,

I created the auction market indi. I had not considered IB's beyond daily, interesting...

I'm not sure i understand what you are asking for...do you want the indi to show the longer term IB in addition to daily IB? or something else?
Change is the only constant
  • #1,098
  • Mar 25, 2011 3:42pm Mar 25, 2011 3:42pm
Quoting tgwhbb
Hi mzvega,

I created the auction market indi. I had not considered IB's beyond daily, interesting...

I'm not sure i understand what you are asking for...do you want the indi to show the linger term IB in addition to daily IB? or something else?
I apologize, for not giving credit where the credit is due! I love your indi. I love how it changes with the sessions. Great work. I was looking to have the daily IB with 1 ½, 2x’s and 3x’s IB levels for that day, as it is now, but with the com. capping levels included. However, it would be nice to be able to place the indi twice on the chart. One for daily short term intraday levels and another for longer term reference or a combination to show all the levels.
Markets are not efficient, rather they are effective - Jones
  • #1,099
  • Mar 25, 2011 4:15pm Mar 25, 2011 4:15pm
Quoting tgwhbb
Hi mzvega,

I created the auction market indi. I had not considered IB's beyond daily, interesting...

I'm not sure i understand what you are asking for...do you want the indi to show the longer term IB in addition to daily IB? or something else?

For intraday, I trade each session as if it was its own profile. I build my profiles at the start of each session I treat session each as if it was a daily profile with the same rules applying to the previous sessions vah, vah, poc,etc. I would like these com. capp. levels to ajust from session to session. For longer profiles (monthly & weekly) just 1 ½ times IB, 2 times IB and 3 times the IB.
Markets are not efficient, rather they are effective - Jones
  • #1,100
  • Mar 25, 2011 4:16pm Mar 25, 2011 4:16pm
Quoting tgwhbb
terrible day today...couldn't seem to get anything right and erased most of my gains from this week....
closed my long at BE. not a good week...

will re-evaluate this weekend, but EU is at an interesting spot. the drop today was to March's VAH again, same like yesterday, but it could not break yesterday's low and is on lower volume. This week also closes below the weekly VAL (around 4120), but above last week's VAH (4010).

We now have 2 naked weekly POCs. This week's at 4170, and last week's at 3927. I'm currently thinking we need to revisit 3927 before 4169. Any weakness around 4120 area (weekly VAL) should open 3927 IMO. Conversely strength at 4120 should bring price back up to the VAH around 4230.

A break of 4050 could see price drop quickly to 4000 then eventually to 3927.

For now i think we need to look for the next sign.

thoughts?
Change is the only constant
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