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Auction Market Theory and Market Profile

  • #1,141
  • Mar 27, 2011 3:16pm Mar 27, 2011 3:16pm
Just wanted to note that to my knowledge this is the longest running AMT/MP thread (in terms of continuous activity) on FF. It's a testament to the quality of all who post here. Keep it up boys and girls.

I now have 2 must read threads.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,142
  • Mar 27, 2011 4:01pm Mar 27, 2011 4:01pm
I altered the code just a smidge to show the daily volume in the profile info box if anyone is interested. Not trying to step on Bandung's toes because his MPtext is something I've been waiting for a long time to see. But as soon as I can get passed this Junior member thing and can post real time, I'll upload it. Unless Bandung gets there first, lol.

I can do limited coding and am just trying to contribute and if I can, take some of the load off of Bandung. It's a lot of pressure making an indicator and giving it away for free, especially something like this which, before has never existed for MT4. This is extremely innovative and, like I said, I'd love nothing more than to contribute wherever I can.

  • #1,143
  • Mar 27, 2011 4:22pm Mar 27, 2011 4:22pm
Alright!

Here it is. I just tweaked the code very little to make it so you can see daily, weekly, and monthly volume data for each profile. I don't know how to make it read yearly volume - as MT4 doesn't have that data, that might require a little more in-depth tweaking. What I did was just a simple addition.

Attached File(s)
File Type: mq4 ay-MP-Text.v1.02.mq4   22 KB | 885 downloads
  • #1,144
  • Mar 27, 2011 4:24pm Mar 27, 2011 4:24pm
Quoting Datu
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!
All working now. Thanks Bandung for the Indi. I love my profile charts which I use to use when trading futures using CQG. Now it's free so fun times to come. Going to analyse the charts in the morning and come bak here with my trade views based on the profile buildup. I primarily use mp to scalp and trade bo of ledges and value areas.
The Kamakazi
  • #1,145
  • Mar 27, 2011 5:05pm Mar 27, 2011 5:05pm
If you are in doubt about the long-term direction of things, take a look at this:

Stansberry Research video on USD (90 minutes)
  • #1,146
  • Mar 27, 2011 5:09pm Mar 27, 2011 5:09pm
Quoting medici
If you are in doubt about the long-term direction of things, take a look at this:

Stansberry Research video on USD (90 minutes)
I watched that video a while back as Alex Jones (the conspiracy theorist) advertises it here in Florida on the radio. While the narrator makes some very valid points as pertains to the fall of the USD as the world's reserve currency, he seems to have no problem asking for your dollars in exchange for his services.

I just found that funny.
  • #1,147
  • Mar 27, 2011 5:12pm Mar 27, 2011 5:12pm
Quoting Bilstein
I watched that video a while back as Alex Jones (the conspiracy theorist) advertises it here in Florida on the radio. While the narrator makes some very valid points as pertains to the fall of the USD as the world's reserve currency, he seems to have no problem asking for your dollars in exchange for his services.

I just found that funny.
Certainly, the presentation has a "conspiracy" feel to it, but what about this?
  • #1,148
  • Mar 27, 2011 5:53pm Mar 27, 2011 5:53pm
Quoting medici
Certainly, the presentation has a "conspiracy" feel to it, but what about this?
As a German, it seems to be rare not to be strung out on widely held cliches regarding the demise and eventual violent fall of the U.S.

For an interesting perspective I would recommend those two (here and here (sixth from the top)) recent interviews with George Friedman.

But in the end, it is very hard to kick a well entrenched habit - especially for me .

Gruß,

Wolfgang


P.S. Sorry for being far off-topic
  • #1,149
  • Mar 27, 2011 6:43pm Mar 27, 2011 6:43pm
Quoting HiddenGap
Just wanted to note that to my knowledge this is the longest running AMT/MP thread (in terms of continuous activity) on FF. It's a testament to the quality of all who post here. Keep it up boys and girls.

I now have 2 must read threads.
I agree, these people are wonderful. I had next to zero interest in FF (other than Malcolmb14's VSA thread) but the traders posting here have given me faith.

BTW just so everyone knows this thread was inspired by HG droppin some AMT in Mal's thread a little while back.
  • #1,150
  • Mar 27, 2011 7:41pm Mar 27, 2011 7:41pm
Quoting HiddenGap
Just wanted to note that to my knowledge this is the longest running AMT/MP thread (in terms of continuous activity) on FF. It's a testament to the quality of all who post here. Keep it up boys and girls.

I now have 2 must read threads.


Hey HG! I'm curious about your analysis on EU and the profiles for the past week.
Change is the only constant
  • #1,151
  • Mar 28, 2011 12:55am Mar 28, 2011 12:55am
Initial session indicates moderates responsive buying in EU on current extreme & centering of price around 4050 or the low point of previous 2 days.

Strategy here is to play the corrective recovery to target of 4150 (or VPOC of 4170). I remain cautious..

Cautious Long on London 7am open, target to 4100 & 4150. Initial risk at 4015.

Attached Image (click to enlarge)
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  • #1,152
  • Mar 28, 2011 1:25am Mar 28, 2011 1:25am
With recent buying on extreme below 9070 area, USDCAD momentum have been swift with value building back to 9810..

Early session initiative suggest probable continuation moves..

Buy a break above 9830 from London 7am, target to 9850 & 9900. Initial risk 9800.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_09 Mar. 28 14.28.gif Size: 38 KB
  • #1,153
  • Edited 2:35am Mar 28, 2011 2:24am | Edited 2:35am
Quoting declaime
As a German, it seems to be rare not to be strung out on widely held cliches regarding the demise and eventual violent fall of the U.S.

For an interesting perspective I would recommend those two (here and here (sixth from the top)) recent interviews with George Friedman.

But in the end, it is very hard to kick a well entrenched...
Thanks for interesting links. And, yes, we could easily go off-topic with these stories, but my post of the video was meant in the context of the monthly chart I posted yesterday.

That is, from the perspective of AMT, what does the chart indicate about longer TF participant behaviour?

In relation to the news flow, recall that the spring of 2006 was full of dollar doom stories, gold rallied to an all-time-high, and the sentiment lasted until 2007-08. US debt to GDP was about 60% then, now it's 97%.

In 2006-07 Porter Stansberry and others were laughed at for calling the housing market bust, and then the dollar got a boost from the actual bust in the form of huge repatriation flows.

After some balancing the Euro sovereign debt was on the agenda, and the levels of April 2006 were revisited last summer.

Since then there have been some higher lows, but not a hint of retesting the June 2010 low. Central banks are buying € like there's no tomorrow, and the news of another Euro-zone country (Portugal) about to go on artificial life support doesn't cause any stir at all.

So, again, from the perspective of AMT, what does the monthly chart indicate about longer TF participant behaviour? Longer TF buyers seem quite comfortable at these levels, no?
  • #1,154
  • Mar 28, 2011 3:01am Mar 28, 2011 3:01am
got some crash... today with new indic... it must be something about dll...
... I must live with this 'crash test dummies'... this week

anyway
eu... fill it, brush it..
anyone...?
Attached Image (click to enlarge)
Click to Enlarge Name: eu-mpl.PNG Size: 126 KB
...
  • #1,155
  • Mar 28, 2011 3:24am Mar 28, 2011 3:24am
In my perspective, EU 48 hrs ago moving down to make a new consensus level. And at last 24 hrs eu is developing a new consensus area.

Sell at unfair high of new development VA and first target POC at 1.4056

KG
Attached Image (click to enlarge)
Click to Enlarge Name: _eu_mp_33.jpg Size: 63 KB
  • #1,156
  • Mar 28, 2011 3:56am Mar 28, 2011 3:56am
Quoting Kang_Gun
In my perspective, EU 48 hrs ago moving down to make a new consensus level. And at last 24 hrs eu is developing a new consensus area.

Sell at unfair high of new development VA and first target POC at 1.4056

KG
Price currently down and stay inside new development VA, so i decided to move my SL to BEP +1 and watch it...

KG
Attached Image (click to enlarge)
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  • #1,157
  • Mar 28, 2011 4:13am Mar 28, 2011 4:13am
Quoting kave
With recent buying on extreme below 9070 area, USDCAD momentum have been swift with value building back to 9810..

Early session initiative suggest probable continuation moves..

Buy a break above 9830 from London 7am, target to 9850 & 9900. Initial risk 9800.
Attachment
Nothing much have happen since 3+ hours from London 7am as Ucad is still consolidating as it seems. Close pending order & remain flat for now & look for opportunities later..
  • #1,158
  • Mar 28, 2011 4:17am Mar 28, 2011 4:17am
Quoting kave
Nothing much have happen since 3+ hours from London 7am as Ucad is still consolidating as it seems. Close pending order & remain flat for now & look for opportunities later..
wise decission

KG
  • #1,159
  • Mar 28, 2011 4:25am Mar 28, 2011 4:25am
bandung,

OMG! what amazing talent you have. A huge thank you for sharing to all. Maybe finally I can send bar & candle charts to the rubbish bin for good.

I wish you all the success you dream of in your trading.

Alientrader
  • #1,160
  • Edited 4:37am Mar 28, 2011 4:35am | Edited 4:37am
Quoting kave
Nothing much have happen since 3+ hours from London 7am as Ucad is still consolidating as it seems. Close pending order & remain flat for now & look for opportunities later..
Kave, what do you think?

KG
Attached Image (click to enlarge)
Click to Enlarge Name: _kave.jpg Size: 52 KB
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