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Auction Market Theory and Market Profile

  • #1,301
  • Mar 30, 2011 8:05am Mar 30, 2011 8:05am
Quoting kave
talk about it; i have been staring at my Robin mesch wkly chart i posted earlier & still scratching my arse about it...haha
for what it's worth, looks like USD is weakening across the board...UCAD backtest of dVAL rejected, UJ dVAH rejected, GU London IBL rejected, AU dVAL rejected, and EU dVAL rejected. all on good volume as well. could this be a break in USD strength for now?

For EU, i'm now looking at 1.41 for reaction. if no signs of weakness, will go long for 4140.
Change is the only constant
  • #1,302
  • Mar 30, 2011 8:09am Mar 30, 2011 8:09am
Quoting tgwhbb
for what it's worth, looks like USD is weakening across the board...U
can anyone post a profile chart of USDX? i don't have access thru my broker.
Change is the only constant
  • #1,303
  • Mar 30, 2011 8:18am Mar 30, 2011 8:18am
Quoting alexm
Your IB indicator was absolutely charming, london session IBL 1.4058 was tested to the pips.

Looking forward to your update on weekly and monthly version.
i plan to look at this on the weekend. Will post when ready for testing.
Change is the only constant
  • #1,304
  • Mar 30, 2011 8:39am Mar 30, 2011 8:39am
EU long at 4080 targetting DIBH at 4140 but depends on reaction at 4100.

well, that didn't work...stopped out
Change is the only constant
  • #1,305
  • Mar 30, 2011 8:48am Mar 30, 2011 8:48am
Quoting tgwhbb
can anyone post a profile chart of USDX? i don't have access thru my broker.
Tried mptext on Broco & it crash like there is no tomorrow...

Here is my TOS chart instead...

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  • #1,306
  • Mar 30, 2011 8:56am Mar 30, 2011 8:56am
Quoting tgwhbb
EU long at 4080 targetting DIBH at 4140 but depends on reaction at 4100.

well, that didn't work...stopped out
Bro i think u got into a open test drive...to the down side.

GU having similar open but is more like auctioning still

Chart set to NY open..
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  • #1,307
  • Mar 30, 2011 8:58am Mar 30, 2011 8:58am
Quoting kave
Tried mptext on Broco & it crash like there is no tomorrow...

Here is my TOS chart instead...

Attachment

haha... you must be unlucky...

kave do you play gu... today..? /*edit: upss.. i see you selling... i must be buying from you... */

i do buy stop at m15 chart (arrow)... am i labeling it right..? i often see vsa setup but forgot what its name...
Attached Image (click to enlarge)
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...
  • #1,308
  • Mar 30, 2011 9:03am Mar 30, 2011 9:03am
Quoting kave
Bro i think u got into a open test drive...to the down side.

GU having similar open but is more like auctioning still

Chart set to NY open..
Attachment
yes it appears i can't read my charts for shit these last few days...
Change is the only constant
  • #1,309
  • Mar 30, 2011 9:14am Mar 30, 2011 9:14am
Quoting bandung
haha... you must be unlucky...

kave do you play gu... today..? /*edit: upss.. i see you selling... i must be buying from you... */

i do buy stop at m15 chart (arrow)... am i labeling it right..? i often see vsa setup but forgot what its name...
haha...

hang on...

Here is my wyckoff stickies..

Watch the psy level again...it shd be tested...if it punch thru..it should test ONTO psy level there again with a wick or a NS...(test of a breakout..)

Then your homeplate will be up there in the stratosphere...else if...(fill in the blanks, haha)

U have to 2 supporting reason & rhyme here, see that spring on X & also i mentioned that GU compare to EU was auctioning instead of open test drive..it may be a good thing...

sorry folks off topic...

edit: pic (GU)
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  • #1,310
  • Mar 30, 2011 9:43am Mar 30, 2011 9:43am
Quoting kave
haha...

hang on...

Here is my wyckoff stickies..

Watch the psy level again...it shd be tested...if it punch thru..it should test ONTO psy level there again with a wick or a NS...(test of a breakout..)

Then your homeplate will be up there in the stratosphere...else if...(fill in the blanks, haha)

U have to 2 supporting reason & rhyme here, see that spring on X & also i mentioned that GU compare to EU was auctioning instead of open test drive..it may be a good thing...

sorry folks off topic...

edit: pic (GU)
Attachment
ah... that psy or poc of bar#4 of h1 profile on my chart.... rejecting

let see if it can break 6020 poc of bar#2

i will not buying from you again kave..

any wyckoff material kave..?
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...
  • #1,311
  • Mar 30, 2011 10:04am Mar 30, 2011 10:04am
Quoting bandung
ah... that psy or poc of bar#4 of h1 profile on my chart.... rejecting

let see if it can break 6020 poc of bar#2

i will not buying from you again kave..

any wyckoff material kave..?
wyckoff u have to read here http://www.forexfactory.com/showthre...=254684&page=2

post #26 onwards...Intel told me he was a VSA/wyckoff guru..but he don't post a lot. Seems to be the only mention of Wyckoff on forex in FF but u have to ask. U can find some examples he posted there & a link & some alternative links also to Hank Prudent modern wyckoff wave analysis doc, required reading....I will see what i have & message u. Perhaps HG may have some resources too...

& i heard Trade-guider have new sales pitch now haha, check it out;
http://richardwyckoff.org/#

PS; As we speak, GU now punch thru PSY & if u get a pin test bar now on 15min u in luck... else if a reversal, then u shd get out.
  • #1,312
  • Edited 10:36am Mar 30, 2011 10:24am | Edited 10:36am
fine example of opening drive responsive on Apple today downside to VAL..

edit: denote should be responsive selling instead...not initiatives..
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  • #1,313
  • Mar 30, 2011 10:34am Mar 30, 2011 10:34am
Quoting kave
wyckoff u have to read here http://www.forexfactory.com/showthre...=254684&page=2

post #26 onwards...Intel told me he was a VSA/wyckoff guru..but he don't post a lot. Seems to be the only mention of Wyckoff on forex in FF but u have to ask. U can find some examples he posted there & a link & some alternative links also to Hank Prudent modern wyckoff wave analysis doc, required reading....I will see what i have & message u. Perhaps HG may have some resources too...

& i heard Trade-guider have new sales pitch now haha, check it...

thanks vmuch kave..

ps:I already in BE now... huh almost touched...
...
  • #1,314
  • Mar 30, 2011 10:46am Mar 30, 2011 10:46am
Quoting bandung
thanks vmuch kave..

ps:I already in BE now... huh almost touched...

Yeah looks like we got a Secondary test realized with a reversal after effort..ND now may bring price down...but good news is we are in a bull flag..

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  • #1,315
  • Mar 30, 2011 10:47am Mar 30, 2011 10:47am
I am still stubbornly holding on to that (not so smart) long. I placed a sl under yest. low before I got some some sleep. I should have re entered, on a pullback. That was not so wise of me to do. The best times for me to trade is london open which is about 1am my time. and the NY session starts about 5am my time. If I stay awake for the london seesion, Im not worth a darn come NY session. I always trade small lot size. If sl gets hit, my ego might get hurt, but not my account. I am looking for US session to meet its DIBH @ 1.4121. Ill rethink if price breaks below US session IBL, the 1.4160 area.
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Markets are not efficient, rather they are effective - Jones
  • #1,316
  • Mar 30, 2011 10:53am Mar 30, 2011 10:53am
Quoting mzvega
I am still stubbornly holding on to that (not so smart) long. I placed a sl under yest. low before I got some some sleep. I should have re entered, on a pullback. That was not so wise of me to do. The best times for me to trade is london open which is about 1am my time. and the NY session starts about 5am my time. If I stay awake for the london seesion, Im not worth a darn come NY session. I always trade small lot size. If sl gets hit, my ego might get hurt, but not my account. I am looking for US session to meet its DIBH @ 1.4121. Ill rethink if...
better than me, my long got stopped out, and the big boys scared me enough not to get back in long again at 4060 even though i should have since price did not break out of yesterday's VAL...

Now we're at todays developing VAH and there doesn't seem to be much selling here, but rather lack of demand...so i'm still wondering if I take a long for the DIBH...

frustrating day...not quick enough to react, and getting scared out too much...i hate that.

EDIT: Sorry, just looked at your chart again and realized where your long entry is...
Change is the only constant
  • #1,317
  • Mar 30, 2011 11:02am Mar 30, 2011 11:02am
Quoting kave
Yeah looks like we got a Secondary test realized with a reversal after effort..ND now may bring price down...but good news is we are in a bull flag..

Attachment

after almost touched ... it come back again and touch my slBE .... and then took off...
...
  • #1,318
  • Mar 30, 2011 11:07am Mar 30, 2011 11:07am
Quoting bandung
after almost touched ... it come back again and touch my slBE .... and then took off...
Don't we all love NY..
  • #1,319
  • Mar 30, 2011 11:14am Mar 30, 2011 11:14am
Big news tomorrow & look at 1hr chart of EU..

If we pass X we may have hope to the upside...but look at all the buying at Y just prior to NFP..
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BUT>....

4hr chart tells a different story..50sma is not something like to toy with but this pass few days of testing that 50sma as resistance is making EU fun...hmm wait a min it does look like a symmetrical triangle now...
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  • #1,320
  • Mar 30, 2011 11:21am Mar 30, 2011 11:21am
Quoting kave
Big news tomorrow & look at 1hr chart of EU..

If we pass X we may have hope to the upside...but look at all the buying at Y just prior to NFP..
Attachment

BUT>....

4hr chart tells a different story..50sma is not something like to toy with but this pass few days of testing that 50sma as resistance is making EU fun...hmm wait a min it does look like a symmetrical triangle now...
Attachment
all that buying since Friday is why i have not entered any shorts on EU this week...but in hindsight i should have realized this week would be bracketing due to NFP on friday and should therefore have smaller targets in mind...
Change is the only constant
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