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Auction Market Theory and Market Profile

  • #1,201
  • Mar 28, 2011 4:03pm Mar 28, 2011 4:03pm
Quoting pbylina
I just found a free program that records computer screen. I wanna start small before I record a whole days profile thou. I did some calculations and a whole day would take up 34GB! 1hr profile only 1.4GB...I need Bandungs 1hr mini profiles thou...


That's a ton of space!
Yeah, I can't wait to see the mini profiles too!
I'm looking at the current code for the MP letter indicator; I want to embed the Rotational factor and Trade Facilitation ratios into the data....

Thinking.


Bandung is obviously the king of this sorta thing but I'm trying my hardest not to bother him about any of it, lol.
  • #1,202
  • Mar 28, 2011 5:30pm Mar 28, 2011 5:30pm
In my perspective, The last 24 hours profile show me that a new consensus area is developing or in the other word a new bell curve is forming (triangle shape). Buy at 1.4086 (unfair low new bell curve) and target around 1.4123/1.4138.

KG
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  • #1,203
  • Mar 28, 2011 6:12pm Mar 28, 2011 6:12pm
I have a longer term Short bias, however if I wasnt holding shorts atm I would consider a shortterm long at these areas depending on price action of course
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Markets are not efficient, rather they are effective - Jones
  • #1,204
  • Mar 28, 2011 6:19pm Mar 28, 2011 6:19pm
Quoting mzvega
I have a longer term Short bias, however if I wasnt holding shorts atm I would consider a shortterm long at these areas depending on price action of course
Agree

KG
  • #1,205
  • Mar 28, 2011 6:23pm Mar 28, 2011 6:23pm
Today we see;

1) Lower volume.
2) Lower value.
3)Attempted direction = up

Consensus = WEAK

Auction rotations now favor the seller at -5.

3/17 maintains huge gap in distribution between 3970-3925. Targets to consider if going short?
  • #1,206
  • Edited 6:38pm Mar 28, 2011 6:37pm | Edited 6:38pm
Quoting Bilstein
Today we see;

1) Lower volume.
2) Lower value.
3)Attempted direction = up

Consensus = WEAK

Auction rotations now favor the seller at -5.

3/17 maintains huge gap in distribution between 3970-3925. Targets to consider if going short?

Id be happy just to get to the other side of value!!
Markets are not efficient, rather they are effective - Jones
  • #1,207
  • Mar 28, 2011 6:54pm Mar 28, 2011 6:54pm
Quoting mzvega
Id be happy just to get to the other side of value!!
Yeah you got in short earlier at 1.4080?
  • #1,208
  • Mar 28, 2011 6:57pm Mar 28, 2011 6:57pm
Quoting Bilstein
Yeah you got in short earlier at 1.4080?

Im still holding @1.4190 from fri. and @1.40960 from earlier.
Markets are not efficient, rather they are effective - Jones
  • #1,209
  • Mar 28, 2011 7:02pm Mar 28, 2011 7:02pm
Nice, I think you may get your drop. At least I hope!

I'm flat right now!
  • #1,210
  • Mar 28, 2011 7:18pm Mar 28, 2011 7:18pm
Quoting Bilstein
Nice, I think you may get your drop. At least I hope!

I'm flat right now!
I closed both my shorts @1.40769. Asian session has a complete change in sentiment, its best to evaluate first hours trading. I dont want to be married to any long term trades and miss an oppertunity. I would expect there to be some reaction off the 1.4055 now a vpoc.
Markets are not efficient, rather they are effective - Jones
  • #1,211
  • Mar 28, 2011 7:20pm Mar 28, 2011 7:20pm
Quoting mzvega
I closed both my shorts @1.40769. Asian session has a complete change in sentiment, its best to evaluate first hours trading. I dont want to be married to any long term trades and miss an oppertunity. I would expect there to be some reaction off the 1.4055 now a vpoc.
Nothing wrong with that. As long as you jacked some pips!
  • #1,212
  • Mar 28, 2011 7:25pm Mar 28, 2011 7:25pm
Quoting mzvega
I closed both my shorts @1.40769. Asian session has a complete change in sentiment, its best to evaluate first hours trading. I dont want to be married to any long term trades and miss an oppertunity. I would expect there to be some reaction off the 1.4055 now a vpoc.
Profit is profit bro..


KG
  • #1,213
  • Mar 28, 2011 7:42pm Mar 28, 2011 7:42pm
Quoting Kang_Gun
Profit is profit bro..


KG
Actually, I live in Calif. in the US and its 5pm if I dont make my boyfriend something to eat he will have a fit!
"Bro"
Markets are not efficient, rather they are effective - Jones
  • #1,214
  • Mar 28, 2011 7:46pm Mar 28, 2011 7:46pm
Quoting mzvega
Actually, I live in Calif. in the US and its 5pm if I dont make my boyfriend something to eat he will have a fit!
"Bro"
ups.. sorry sis

KG
  • #1,215
  • Mar 28, 2011 7:51pm Mar 28, 2011 7:51pm
Quoting Kang_Gun
In my perspective, The last 24 hours profile show me that a new consensus area is developing or in the other word a new bell curve is forming (triangle shape). Buy at 1.4086 (unfair low new bell curve) and target around 1.4123/1.4138.

KG
Close my first BUY with +4 pips profit and hold the new BUY position below.

In my perspective:

Monthly bias = up (aqua line)
Weekly bias = down (magenta line)
Daily bias = up (lime line)

KG
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  • #1,216
  • Mar 28, 2011 8:13pm Mar 28, 2011 8:13pm
Oh wow, that EUR/USD sell off now!

  • #1,217
  • Mar 28, 2011 8:14pm Mar 28, 2011 8:14pm
Quoting Kang_Gun
Close my first BUY with +4 pips profit and hold the new BUY position below.

In my perspective:

Monthly bias = up (aqua line)
Weekly bias = down (magenta line)
Daily bias = up (lime line)

KG
Close my second buy today with +10 pips.
One hours after Tokyo Open it's looks like an accumulation happened around circle area in my chart...

KG
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  • #1,218
  • Mar 28, 2011 8:20pm Mar 28, 2011 8:20pm
We are in the midst of one big merge. The POCv trend is up as we have 2 up POCs in the last 3 days, but bigger picture is a large rotation.

* please note, I changed the start time back to 0300 on Sunday due to daylight savings in London. That means all other profile converted as well so the picture is not correct.
Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,219
  • Mar 28, 2011 8:22pm Mar 28, 2011 8:22pm
Quoting HiddenGap
We are in the midst of one big merge. The POCv trend is up as we have 2 up POCs in the last 3 days, but bigger picture is a large rotation.

* please note, I changed the start time back to 0300 on Sunday due to daylight savings in London. That means all other profile converted as well so the picture is not correct.
Thanks HG

KG
  • #1,220
  • Mar 28, 2011 8:29pm Mar 28, 2011 8:29pm
Quoting Bilstein
Today we see;

1) Lower volume.
2) Lower value.
3)Attempted direction = up

Consensus = WEAK

Auction rotations now favor the seller at -5.

3/17 maintains huge gap in distribution between 3970-3925. Targets to consider if going short?
My VSA read & fib target is telling me up to 4180 (close to most of your VPOCs) then my AMT is projecting a reversal back down to 4000

Ah 4180, those big chunks of POCs there will make it bloody good resistance...


So buy to 4180 & sell from there...haha
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