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Auction Market Theory and Market Profile

  • #1,341
  • Mar 30, 2011 7:04pm Mar 30, 2011 7:04pm
as mentioned in earlier post, if price hung around the 4120-4140 area for the remainder of the NY session, that would signal acceptance of the new price. As we can see from the chart, yesterday's VAH around 4110 established acceptance into the VA from last thursday. Today's secondary POC was created after the push up in early NY afternoon and built acceptance into last Fridays VA. And while still early in Asia, EU already building acceptance higher and showing a rejection of wednesday VAH with buying tail in A period.

I don't think price will make it back to the 4080 area tomorrow, rather it looks to be holding at VAH and higher - more bullishness, but still early. as mentioned before, 4050-4080 is a solid base now from which to launch an attack at .4400 (many assumptions there, but indulge me

The arrow at VAH around 4115 is my planned long entry. the naked POC up top at 4170 is short term target, followed by VAH from thursday around 4210. if price makes it to 4210, that would signal buying above the weekly IB - more bullishness.

but keeping in mind Friday is NFP, we could reasonably expect a shakeout to the base at 4050-4080, where i will decide early Friday if i put a buy limit down there.

As always, open for debate or other views on the profiles (and encouraged)
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Change is the only constant
  • #1,342
  • Mar 30, 2011 7:36pm Mar 30, 2011 7:36pm
Nice posts & debates...plus HG's ability to Merge 6 profiles with his naked eye i could only manage 3 the most...


Anyway..did any one of u grab some this early session Iniitiatives...it brought to mind on Dalton video about overnite inventory...tks MZVEGA

EU open test drive & GU open-drive...
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  • #1,343
  • Edited Mar 31, 2011 1:56am Mar 30, 2011 8:30pm | Edited Mar 31, 2011 1:56am
Quoting Kang_Gun
in my perspective for intraday GBPUSD

KG
Sell GBPUSD at 1.6103 (Sell Zone as post before)
We'll see then

KG

PS: SL at BEP+1 was hit
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  • #1,344
  • Edited Mar 31, 2011 1:57am Mar 30, 2011 8:36pm | Edited Mar 31, 2011 1:57am
Quoting Kang_Gun
EURUSD in my perspective (intraday) using the last 480 hrs (M), 120 hrs (W) and 24 hrs (D) profile.

KG
Sell EURUSD at 1.4147 (arround sell zone as posted before)

KG

PS: SL BEP+1 was hit
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  • #1,345
  • Edited 11:06pm Mar 30, 2011 10:54pm | Edited 11:06pm
EU & GU showing Initiatives with open-drive prior to European open...

Buy on European open: (opening price)

EU, target to 4200 & 4250, initial risk @4125
GU, target to 6150 & 6200, initial risk @ 6080

GMT5 setting..
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Click to Enlarge Name: ScreenHunter_42 Mar. 31 13.53.gif Size: 39 KB
  • #1,346
  • Edited 11:13pm Mar 30, 2011 11:11pm | Edited 11:13pm
Not sure how wise it was, but I took 3 small long positions @ 1.41490 @1.41495 @1.41435. I will close 1 or 2 for quick scalp. and manage the rest.
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Markets are not efficient, rather they are effective - Jones
  • #1,347
  • Mar 30, 2011 11:16pm Mar 30, 2011 11:16pm
Quoting mzvega
Not sure how wise it was, but I took 3 small long positions @ 1.41490 @1.41495 @1.41435. I will close 1 or 2 for quick scalp. and manage the rest.
Forgot to update chart when I added to trade
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Markets are not efficient, rather they are effective - Jones
  • #1,348
  • Mar 30, 2011 11:20pm Mar 30, 2011 11:20pm
Quoting mzvega
Not sure how wise it was, but I took 3 small long positions @ 1.41490 @1.41495 @1.41435. I will close 1 or 2 for quick scalp. and manage the rest.
Wise (wo) men don't trade forex....
  • #1,349
  • Mar 30, 2011 11:21pm Mar 30, 2011 11:21pm
Quoting kave
Wise (wo) men don't trade forex....
Markets are not efficient, rather they are effective - Jones
  • #1,350
  • Mar 30, 2011 11:25pm Mar 30, 2011 11:25pm
Quoting mzvega
oh hangon, aren't u suppose to wait for UK session to settle down for your IB b4 u make your move.... Where is your disciple?
  • #1,351
  • Mar 30, 2011 11:30pm Mar 30, 2011 11:30pm
Quoting kave
oh hangon, aren't u suppose to wait for UK session to settle down for your IB b4 u make your move.... Where is your disciple?
No, no, no! I trade each session separate. This ones not over. I will trade london session using london sessions IB. and when london opens Asia will be the"overnight inventory". US session, US IB.........london the "overnight inventory.
Markets are not efficient, rather they are effective - Jones
  • #1,352
  • Mar 30, 2011 11:35pm Mar 30, 2011 11:35pm
Quoting mzvega
No, no, no! I trade each session separate. This ones not over. I will trade london session using london sessions IB. and when london opens Asia will be the"overnight inventory". US session, US IB.........london the "overnight inventory.
very good and smart strategy sis....

KG
  • #1,353
  • Mar 30, 2011 11:41pm Mar 30, 2011 11:41pm
Quoting Kang_Gun
very good and smart strategy sis....

KG
I live on the west coast in US, its 11:36 pm right now. Worst place to trade. So when ever I sit down to trade no matter what the session, I need to quickly understand whats going on and have a plan. My plan changes with the session.
Markets are not efficient, rather they are effective - Jones
  • #1,354
  • Mar 30, 2011 11:50pm Mar 30, 2011 11:50pm
quick view for usdchf

KG
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  • #1,355
  • Mar 31, 2011 12:06am Mar 31, 2011 12:06am
A chart from a previous post.
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Markets are not efficient, rather they are effective - Jones
  • #1,356
  • Mar 31, 2011 12:42am Mar 31, 2011 12:42am
Quoting mzvega
A chart from a previous post.
thanks mzvega...

keep up a good work...
...
  • #1,357
  • Mar 31, 2011 12:50am Mar 31, 2011 12:50am
Quoting bandung
thanks mzvega...

keep up a good work...
Its not hard when you have beautiful tools to work with! (your Indi.)
Markets are not efficient, rather they are effective - Jones
  • #1,358
  • Mar 31, 2011 12:59am Mar 31, 2011 12:59am
Quoting kave
EU & GU showing Initiatives with open-drive prior to European open...

Buy on European open: (opening price)

EU, target to 4200 & 4250, initial risk @4125
GU, target to 6150 & 6200, initial risk @ 6080

GMT5 setting..
Attachment
update:

GU 1st target reach @6150 (+40pips) , reduce exposure for remaining stop move to 6100

EU tighten stop to 4165 to lock in about 16 pips, 1st target not reach yet..
  • #1,359
  • Mar 31, 2011 1:04am Mar 31, 2011 1:04am
Quoting mzvega
Its not hard when you have beautiful tools to work with! (your Indi.)
ah.. you're welcome ...

today i'm thingking about merging profile
so i do a little code..

check it out...

Inserted Video
...
  • #1,360
  • Edited 1:37am Mar 31, 2011 1:10am | Edited 1:37am
hello guys & girls,

very new to this so demo while finding my feet. Took some responsive sells on Cable, looking to buy when price falls to fairer value.

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