Attachments: Auction Market Theory and Market Profile

Auction Market Theory and Market Profile

#1,241
Mar 29, 2011 7:16am Mar 29, 2011 7:16am

Kang_Gun
Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts

Buy eurusd at 1.4060 (unfair low)

KG

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#1,242
Mar 29, 2011 7:22am Mar 29, 2011 7:22am

tgwhbb
| Joined May 2010 | Status: Day by Day | 1,004 Posts

Quoting Kang_Gun

Disliked

Buy eurusd at 1.4060 (unfair low)

KG

Ignored

same here. unfair low is also showing buying tail at yesterday's POC (4055) and 5M bar is showing highest volume of the day. I'm now debating if i hold out for my original target of 4172 (the naked POC up top), or play to the top of today's developing value (4121). Reaction at VAH will let me know.

KG, what are you targeting?

Change is the only constant

#1,243
Mar 29, 2011 7:32am Mar 29, 2011 7:32am

Kang_Gun
Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts

Quoting tgwhbb

Disliked

same here. unfair low is also showing buying tail at yesterday's POC (4055) and 5M bar is showing highest volume of the day. I'm now debating if i hold out for my original target of 4172 (the naked POC up top), or play to the top of today's developing value (4121). Reaction at VAH will let me know.

KG, what are you targeting?

Ignored

tgwhbb, my first target is 1.4096 (current POC) and i will watch how price reaction at 1.4096 to hold it or not.

KG

#1,244
Mar 29, 2011 7:49am Mar 29, 2011 7:49am

tgwhbb
| Joined May 2010 | Status: Day by Day | 1,004 Posts

Quoting Kang_Gun

Disliked

tgwhbb, my first target is 1.4096 (current POC) and i will watch how price reaction at 1.4096 to hold it or not.

KG

Ignored

interesting, what time are you using as the start of your profile. using Tokyo or London opens I do not have a developing POC at 4096.

Change is the only constant

#1,245
Mar 29, 2011 7:53am Mar 29, 2011 7:53am

pres78
Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts

Quoting tgwhbb

Disliked

interesting, what time are you using as the start of your profile. using Tokyo or London opens I do not have a developing POC at 4096.

Ignored

I now see it at 4073 (just dropped)...

Today's zone = Tomorrow's opportunity!

#1,246
Mar 29, 2011 7:54am Mar 29, 2011 7:54am

Kang_Gun
Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts

Quoting tgwhbb

Disliked

interesting, what time are you using as the start of your profile. using Tokyo or London opens I do not have a developing POC at 4096.

Ignored

It's moving profile, calculate the last 24 hrs profile. I modify a little bit bandung indicator. I'm still evaluating it.

KG

#1,247
Mar 29, 2011 8:54am Mar 29, 2011 8:54am

Ipndasno
| Joined Feb 2010 | Status: Trader | 593 Posts

we didnt quite make it to 4170 as planned. LANDED back at yesterdays POC 4070.
sitting at equilibrium. hmmm. Fill the low value area above?

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#1,248
Edited 10:00am Mar 29, 2011 9:57am | Edited 10:00am

mzvega
Joined May 2009 | Status: Trader | 1,879 Posts

I took 2 small short trades @1.40735 and @1.40796 To see if it will go to the atleast the other side of us session IB.

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Markets are not efficient, rather they are effective - Jones

#1,249
Edited 10:23am Mar 29, 2011 10:21am | Edited 10:23am

mzvega
Joined May 2009 | Status: Trader | 1,879 Posts

I just wanted to put alittle food for thought out there. We are all familiar with the IB concept. Weekly IB would be the first 2 trading days of the week. imo this little narrow range we are in is a perfect to see from a longer term perspective we are inside the Weekly IB. Any range extention outside (after today) would be due to the longer term/ longer timer frame participant. I will treat it with the same rules as any other IB strategy just in a longer term sense. I think we may rotate around this area for the rest of the session.

Markets are not efficient, rather they are effective - Jones

#1,250
Mar 29, 2011 10:31am Mar 29, 2011 10:31am

frankkn
Joined Jan 2010 | Status: I'm the greatest, man | 2,516 Posts

Hey guys keep it up, I'll be able to be back in the mix soon. I haven't been trading as my lady leaves Thursday morning and I've been spending all my time with her. I'll have four months of going to bed early and trading early morning while she's in Japan.

I'm excited to see the new members here, and I'm very grateful to everyone who has been contributing, can't wait to come back.

#1,251
Mar 29, 2011 10:43am Mar 29, 2011 10:43am

kave
| Membership Revoked | Joined Dec 2010 | 319 Posts

Quoting frankkn

Disliked

Hey guys keep it up, I'll be able to be back in the mix soon. I haven't been trading as my lady leaves Thursday morning and I've been spending all my time with her. I'll have four months of going to bed early and trading early morning while she's in Japan.

I'm excited to see the new members here, and I'm very grateful to everyone who has been contributing, can't wait to come back.

Ignored

What a gentleman. He address his girl as "my lady"..

#1,252
Mar 29, 2011 10:51am Mar 29, 2011 10:51am

kave
| Membership Revoked | Joined Dec 2010 | 319 Posts

Quoting mzvega

Disliked

I just wanted to put alittle food for thought out there. We are all familiar with the IB concept. Weekly IB would be the first 2 trading days of the week. imo this little narrow range we are in is a perfect to see from a longer term perspective we are inside the Weekly IB. Any range extention outside (after today) would be due to the longer term/ longer timer frame participant. I will treat it with the same rules as any other IB strategy just in a longer term sense. I think we may rotate around this area for the rest of the session.

Ignored

How about the 1st 2 session of the week, which is monday? that should at least set the tone to clear air so to speak?

#1,253
Mar 29, 2011 11:04am Mar 29, 2011 11:04am

mzvega
Joined May 2009 | Status: Trader | 1,879 Posts

Quoting kave

Disliked

How about the 1st 2 session of the week, which is monday? that should at least set the tone to clear air so to speak?

Ignored

That sounds like a great way to judge the early sentiment! I would think atleast the first sessions "Asian London US" of the week atleast to the US close of monday. and any range extention from or a return to that high or low would negate the previous bias. any thoughts?

Markets are not efficient, rather they are effective - Jones

#1,254
Mar 29, 2011 11:36am Mar 29, 2011 11:36am

mzvega
Joined May 2009 | Status: Trader | 1,879 Posts

Quoting mzvega

Disliked

I just wanted to put alittle food for thought out there. We are all familiar with the IB concept. Weekly IB would be the first 2 trading days of the week. imo this little narrow range we are in is a perfect to see from a longer term perspective we are inside the Weekly IB. Any range extention outside (after today) would be due to the longer term/ longer timer frame participant. I will treat it with the same rules as any other IB strategy just in a longer term sense. I think we may rotate around this area for the rest of the session.

Ignored

In the weekly tf price is consider "fair" in the range of the red lines WIB. In order for prices to extend those ranges, SM/longer term participants need a pool of fresh buyers or sellers to create the volume to push past those areas. I would look for balance or bell shaped profile at the edges (acceptence of value) as not to be sucked into to false brakeouts at those levels.

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Markets are not efficient, rather they are effective - Jones

#1,255
Mar 29, 2011 12:35pm Mar 29, 2011 12:35pm

kave
| Membership Revoked | Joined Dec 2010 | 319 Posts

Quoting mzvega

Disliked

That sounds like a great way to judge the early sentiment! I would think atleast the first sessions "Asian London US" of the week atleast to the US close of monday. and any range extention from or a return to that high or low would negate the previous bias. any thoughts?

Ignored

It have to be in period where time compression WHEN price & volume momentum seems to move in double quick time. Therefore that will leave Asian session out & we have the European opening & the NY.

So for intraday e.g. in GU's case for today; GU upon European open or GMT 6am we have the 1st 2 30mins bar showing "Opening rejection reverse type"

So usually the 1st 2 30mins bars is considered right? (I have not read anything for Forex opening so far since most test talks about commodities, anyway have an idea please shoot)

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As for Weeklies..showing "Opening rejection reverse type" too. after testing 5900.

Lets consider Monday now..
I would suppose subsequent 3 bars each of the European & NY session respectively should suffice but for simplicity let say we end it just prior to lunch time in NY.

So that would be our IB for wkly? Shoot ladies..

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#1,256
Mar 29, 2011 1:25pm Mar 29, 2011 1:25pm

mzvega
Joined May 2009 | Status: Trader | 1,879 Posts

Quoting kave

Disliked

It have to be in period where time compression WHEN price & volume momentum seems to move in double quick time. Therefore that will leave Asian session out & we have the European opening & the NY.

So for intraday e.g. in GU's case for today; GU upon European open or GMT 6am we have the 1st 2 30mins bar showing "Opening rejection reverse type"

So usually the 1st 2 30mins bars is considered right? (I have not read anything for Forex opening so far since most test talks about commodities, anyway have an idea please shoot)

Attachment ...

Ignored

Yes! The first 2 30m bars (usually it’s the A & B’s , but not all indis. start the profile with the A, the good ones do!)to establish the daily IB.
However, I personally on an intra day level, start each session and base all my daily trades on each sessions IB. Asia session, I trade range extention and react to prices returning to the IB area . I can eyeball and see what day type was for the asian session. Then london opens and I start over again. I trade any opportunities off the first 2 30m of the London session. US same thing. I posted a link to a webinar by Jim /James Dalton one of the godfathers of profile. And he discussed “Overnight inventory” Now with the 24h markets. If you sit in London the overnight inventory is where was value in the asian session. Are those overnight traders long or short? And will those people be squeezed in the coming session?. these two webcasts really are MUST SEE. Ill post links one last time . “Jim Dalton on overnight inventory” https://s3.amazonaws.com/LBRSharedFi...tonJan2011.mp4 then this one fine tunes the concepts. “Time slicing the trading day. https://s3.amazonaws.com/LBRSharedFi...an19th2011.mp4

Markets are not efficient, rather they are effective - Jones

#1,257
Mar 29, 2011 1:53pm Mar 29, 2011 1:53pm

mzvega
Joined May 2009 | Status: Trader | 1,879 Posts

Quoting kave

Disliked

It have to be in period where time compression WHEN price & volume momentum seems to move in double quick time. Therefore that will leave Asian session out & we have the European opening & the NY.

So for intraday e.g. in GU's case for today; GU upon European open or GMT 6am we have the 1st 2 30mins bar showing "Opening rejection reverse type"

So usually the 1st 2 30mins bars is considered right? (I have not read anything for Forex opening so far since most test talks about commodities, anyway have an idea please shoot)

Attachment ...

Ignored

Technically, speaking the weekly IB Range would be the Highest high and the lowest low of the first 2 trading days. If weve put in our highs and lows for the day.