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Auction Market Theory and Market Profile

  • #1,121
  • Mar 27, 2011 9:04am Mar 27, 2011 9:04am
Tks for those who reply to my Joe-doe-ji problem.

MPtext is really fast...i loaded 100 profiles on my slow crawl netbook to test it out & it is swift. Since it is beta still, I experience some crashes but nothing to be bother about...tks Bundung again

-
So here is a question for takers. no prize though for the right answer (only god knows)

Make a stab for for EU as to where do you think the price will rotate around for tomorrow?

IBFX:
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Mar. 27 21.56.gif Size: 29 KB
  • #1,122
  • Mar 27, 2011 9:04am Mar 27, 2011 9:04am
Quoting bandung
thanks guys for given a try to mpletter indi...

and omg.. I cant stop doing this mp things ...

this is pbylina post about mini profile, i think it will be a good amt/mp tool, because we can grab some more information on each bar...

and i found my self staring on this miniprofile chart.
this is H1 TPO profile, viewed on M5 chart.

Hey bandung,

this is absolutely amazing, ever since I started thinking about the relations between volume and price, I was wishing for the ability to display a chart in this kind of way ...

You make us all stand in awe of your capabilities. Great work .

Gruß,

Wolfgang
  • #1,123
  • Mar 27, 2011 9:07am Mar 27, 2011 9:07am
Can anyone tell me if this chart I made is wrong or is okay ? and if its wrong, why ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily 28 march.jpg Size: 88 KB
  • #1,124
  • Mar 27, 2011 9:30am Mar 27, 2011 9:30am
Quoting kave
Tks for those who reply to my Joe-doe-ji problem.

MPtext is really fast...i loaded 100 profiles on my slow crawl netbook to test it out & it is swift. Since it is beta still, I experience some crashes but nothing to be bother about...tks Bundung again

-
So here is a question for takers. no prize though for the right answer (only god knows)

Make a stab for for EU as to where do you think the price will rotate around for tomorrow?

IBFX:
Attachment
Hi kave,

IMO EU is moving up tomorrow. Reasons:

1. EU has not created lower VA in the last 3 days.
2. EU has not created VA lower than Friday's POC form March 18 (the breakout)
3. EU has tested the Monthly VAH 2 times last weeks (thurs/fri), on decreasing volume in the down days.

I am watching 4125. weakness there would negate the above. Strength there puts an upside target of Fridays POC/VAH between 4171-4184. Strength at that level and EU will likely target 4213, Tuesdays POC and Wed VAH.

if weakness at 4125, then downside target is 4000 area (VAH from week of 3/13).
Change is the only constant
  • #1,125
  • Mar 27, 2011 9:33am Mar 27, 2011 9:33am
Quoting bandung
thanks for your kind words mzvega...

appreciate you input, i will check it, maybe i can do something about it.
Hi Bandung,

Thanks for the indi, tested a few time, I saved the daily and monthly template, but when I try to change template it crash out. Possible to solve this problem?

Once more suggestion, can we form the profile quarterly? or 6 month? and move the big profile to the left side of the chart so we can see price clearly?

Appreciate your hard work.
  • #1,126
  • Mar 27, 2011 9:51am Mar 27, 2011 9:51am
Quoting tgwhbb
Hi kave,

IMO EU is moving up tomorrow....
Interesting point 1 & 3


I am thinking more inline of a balancing day (sideways) for EU tomorrow..2 possible POC in mind: POC on 4070 which was the POC of last friday or, rotate around 4100 which in this case is to fill the LVN of both fridays.

Bias wise I am short to 1.4000. Strategy wise i most likely trade a break close to those levels u mention for upside & downside scenario.
  • #1,127
  • Mar 27, 2011 10:44am Mar 27, 2011 10:44am
Quoting bandung
thanks guys for given a try to mpletter indi...

Hi bandung,

Any way to change the text color for the info on top of the profiles? POc/VAL/VAH/etc...
Change is the only constant
  • #1,128
  • Mar 27, 2011 12:21pm Mar 27, 2011 12:21pm
Quoting bandung
I found some glitch in profile info (the text above profile).. vah,poc and val price not printed correctly...

here is an update..
this file belong to indicators folder

Hi

When i load nothing appears on my screen. I have enabled DLL imports and also installed the files from the link you provided a few pages back

Any ideas?
The Kamakazi
  • #1,129
  • Mar 27, 2011 12:31pm Mar 27, 2011 12:31pm
Quoting Bl888
Hi

When i load nothing appears on my screen. I have enabled DLL imports and also installed the files from the link you provided a few pages back

Any ideas?
I think I had the same problem
Did you use the link provided by bandung on post #1089?

http://www.microsoft.com/downloads/e...3-37bf0912db84
Markets are not efficient, rather they are effective - Jones
  • #1,130
  • Edited 12:50pm Mar 27, 2011 12:35pm | Edited 12:50pm
When you load the indicator, if you've installed everything correctly:

1) Tap "End" on your keyboard to ensure you're at end of the chart.
2) The MP letter indicator doesn't draw in line with time (it isn't supposed to) so it helps to turn on scale fix (right click, properties) so you can explore the chart freely.

If you still can't see anything and you have scale fix turned on, turn it off and the chart should align properly, then you can turn it off again so you can explore the profiles.

I noticed this when switching between pairs the other night. For example, if you have scale fix on and you are looking at the EUR/USD, if you decide to switch to USD/CHF the price value is lower so when the chart switched data, it will still be positioned where the EUR/USD chart was positioned (because scale fix is on). Turning scale fix off will realign you the right way after switching to USD/CHF (in this example).
  • #1,131
  • Mar 27, 2011 12:38pm Mar 27, 2011 12:38pm
Quoting mzvega
I think I had the same problem
Did you use the link provided by bandung on post #1089?

http://www.microsoft.com/downloads/e...3-37bf0912db84

Yeap already installed that.

Am i doing things correctly. copying file into indicators folder.

Close/restart meta

Open a new M30 chart and then drag that indicator onto it?

When i drag and drop nothing happens
The Kamakazi
  • #1,132
  • Mar 27, 2011 12:47pm Mar 27, 2011 12:47pm
Quoting Bl888
Yeap already installed that.

Am i doing things correctly. copying file into indicators folder.

Close/restart meta

Open a new M30 chart and then drag that indicator onto it?

When i drag and drop nothing happens

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

Place each file in coresponding folders, when you attach to chart go to indi propeties a click the common tab. make sure you check "allow DLL imports.

Markets are not efficient, rather they are effective - Jones
  • #1,133
  • Mar 27, 2011 12:53pm Mar 27, 2011 12:53pm
Quoting kave
Tks for those who reply to my Joe-doe-ji problem.

MPtext is really fast...i loaded 100 profiles on my slow crawl netbook to test it out & it is swift. Since it is beta still, I experience some crashes but nothing to be bother about...tks Bundung again

-
So here is a question for takers. no prize though for the right answer (only god knows)

Make a stab for for EU as to where do you think the price will rotate around for tomorrow?

IBFX:
Attachment

Kave I too have that short bias. From a longer term perspective (quarterly) tomorrow starts a new quarter. We tested the vah of the previous quarter @1.4191and are currently y back inside previous Q’s VA.. This quarter poc @1.36104 is lower than previous poc @1.39419. We also have a vpoc @1.3622 which is also the area of this Q’s poc. I think we will be drawn in that 1.36104 direction. This quarter we will be opening outside of value (out of balance) and will be looking to form balance. That 1.400 area is also this quarters vah. I will be looking to short a failure of that support area too. I think we may also possibly test fri val @1.4055 before we move downward . The market is not open yet and I have not been able to get the closing volumes from fri or over the weekend. Ill update my bias when I have actual volume numbers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily1.jpg Size: 98 KB
Click to Enlarge Name: quarter1.jpg Size: 105 KB
Markets are not efficient, rather they are effective - Jones
  • #1,134
  • Mar 27, 2011 12:57pm Mar 27, 2011 12:57pm
Quoting mzvega
Kave I too have that short bias. From a longer term perspective (quarterly) tomorrow starts a new quarter. We tested the vah of the previous quarter @1.4191and are currently y back inside previous Q’s VA.. This quarter poc @1.36104 is lower than previous poc @1.39419. We also have a vpoc @1.3622 which is also the area of this Q’s poc. I think we will be drawn in that 1.36104 direction. This quarter we will be opening outside of value (out of balance) and will be looking to form balance. That 1.400 area is also this quarters vah. I will be looking...
I dont understand how we would test 4055 before moving downward when we closed above it on Friday? Do you mean test it for support and if none found then move down? We have a double bottom fromed on Thursday and Friday and I think we will at least visit Friday POC at 4170 on Monday.
Today's zone = Tomorrow's opportunity!
  • #1,135
  • Mar 27, 2011 1:04pm Mar 27, 2011 1:04pm
Quoting bandung
thanks guys for given a try to mpletter indi...


and omg.. I cant stop doing this mp things ...

this is pbylina post about mini profile, i think it will be a good amt/mp tool, because we can grab some more information on each bar...






and i found my self staring on this miniprofile chart.
this is H1 TPO profile, viewed on M5 chart.
WOW Bandung you are amazing! And I was gonna say that i finished watching all the guys videos and he now mainly uses 1 hour mini profiles, so nice call.
And you use broco trader? Do they have euro future 6e?
Do you think you could make the Volume Breakdown Tool? Or do we need excess to futures data feed?

P.s., Heres the link to that guys youtube(it didnt show up when I posted it) -www.youtube.com/user/eminiprotrader
  • #1,136
  • Mar 27, 2011 1:06pm Mar 27, 2011 1:06pm
Quoting kave
Tks for those who reply to my Joe-doe-ji problem.

MPtext is really fast...i loaded 100 profiles on my slow crawl netbook to test it out & it is swift. Since it is beta still, I experience some crashes but nothing to be bother about...tks Bundung again

-
So here is a question for takers. no prize though for the right answer (only god knows)

Make a stab for for EU as to where do you think the price will rotate around for tomorrow?

IBFX:
Attachment
Interesting question, in particular if considered from a slightly longer-term perspective.

From that perspective, €/$ has been balancing in the range created by the low recorded before the April 2006 G7 meeting that lead to the subsequent dollar bear market, and the early 2008 high.

In the intermediate term €/$ has been bracketing for the last six months.

And in the short-term, the break above 1.40 week before last happened with high volume, after which last week was spent balancing right under the bracket highs. This can be interpreted as a balancing between the value beliefs of longer-term participants - a sign that the market is getting ready to break out above the bracket.

Considering the longer-term relevance of a break of 1.4280, such a break would be likely to happen with participation of players of all time-frames and thus be extraordinarily strong.

A fake-out down to the 1.3950 area before continuation shouldn't be excluded, but a break of that level would signal the beginning of a down-swing towards intermediate bracket lows.

Thoughts, comments?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Eu Intermediate term bracket 27 March.jpg Size: 97 KB
Click to Enlarge Name: Eu Short-term balancing bracket 27 March.jpg Size: 92 KB
  • #1,137
  • Mar 27, 2011 1:09pm Mar 27, 2011 1:09pm
Quoting kave
Tks for those who reply to my Joe-doe-ji problem.

MPtext is really fast...i loaded 100 profiles on my slow crawl netbook to test it out & it is swift. Since it is beta still, I experience some crashes but nothing to be bother about...tks Bundung again

-
So here is a question for takers. no prize though for the right answer (only god knows)

Make a stab for for EU as to where do you think the price will rotate around for tomorrow?

IBFX:
Attachment
OK here 2 weeks worth of EU scrabbles to ponder for this next 2 or so days..

This analysis is in context with Robin Mesch Low/High Usage Area & Merge profiles..

Visually we can merge it with our naked eyes & spot the the Low usage area.

AND here is the trading range where price will need to fill & the projected move form High usage area to the downside target.

So tgwhbb prognosis may be on par with his monday upside bias in which price will need to fill up to 4150 to be then driven back down to 4000. Which means the POC could be centered on 4050.

PS: tks all who reply to the question, your views are always valuable.


Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 Mar. 28 02.06.gif Size: 26 KB
  • #1,138
  • Mar 27, 2011 1:10pm Mar 27, 2011 1:10pm
Quoting pres78
I dont understand how we would test 4055 before moving downward when we closed above it on Friday? Do you mean test it for support and if none found then move down? We have a double bottom fromed on Thursday and Friday and I think we will at least visit Friday POC at 4170 on Monday.
Sorry for the mistake, I meant fri val or possibly weekly val @ 1.4114. I used the "daily LOW" number on bandung new indi, when i should have paid closer attention, I meant to use the val. sorry!
Markets are not efficient, rather they are effective - Jones
  • #1,139
  • Mar 27, 2011 1:43pm Mar 27, 2011 1:43pm
Quoting mzvega
Sorry for the mistake, I meant fri val or possibly weekly val @ 1.4114. I used the "daily LOW" number on bandung new indi, when i should have paid closer attention, I meant to use the val. sorry!
NP thanks for the clarification.
Today's zone = Tomorrow's opportunity!
  • #1,140
  • Mar 27, 2011 1:53pm Mar 27, 2011 1:53pm
Quoting Bl888
Yeap already installed that.

Am i doing things correctly. copying file into indicators folder.

Close/restart meta

Open a new M30 chart and then drag that indicator onto it?

When i drag and drop nothing happens

The MS dist. worked for me and saw the profiles, maybe restart windoze?

Also, I think the ability the combine multi period profiles at any location within the chart (i.e. support/resistance [false] breakouts) is heaven. So we could merge two weeks, for example, at one location and maybe another three week profile at another location. :-)

Thank you for the great indi. Bandung!
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