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Auction Market Theory and Market Profile

  • #1,401
  • Mar 31, 2011 2:53pm Mar 31, 2011 2:53pm
Quoting mzvega
From a longer term perspective, If I thought myself to be a longerterm value player, if I wanted to buy I would think that low volume pocket would be a a good place to buy after a retest . any thought or opinions?
that is where i'm thinking to set a buy limit for tomorrow. I originally was planning a buy limit at 4080 which is weekly POC and Mon/tues POC and provides a strong base. But since EU broke above the weekly IB at 4147 (the low vol area on your chart) and held, and built value above, i believe a backtest is needed before launching upwards.

EDIT: mzvega, can you share that indi that draws the white line on the price axis...i' started to look at modifying my IB indicator to include weekly IB and would like to put that on the price axis, but can't figure out the code...hoping i could steal some code from that indy you are using...
Change is the only constant
  • #1,402
  • Edited 3:16pm Mar 31, 2011 3:14pm | Edited 3:16pm
Quoting tgwhbb
that is where i'm thinking to set a buy limit for tomorrow. I originally was planning a buy limit at 4080 which is weekly POC and Mon/tues POC and provides a strong base. But since EU broke above the weekly IB at 4147 (the low vol area on your chart) and held, and built value above, i believe a backtest is needed before launching upwards.

EDIT: mzvega, can you share that indi that draws the white line on the price axis...i' started to look at modifying my IB indicator to include weekly IB and would like to put that on the price axis, but can't...

Its a daily open line. unless its another line?
The only other white line is price itself. In chart properties "grid" set to white
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 529 downloads
Markets are not efficient, rather they are effective - Jones
  • #1,403
  • Edited 3:30pm Mar 31, 2011 3:29pm | Edited 3:30pm
Quoting tgwhbb
that is where i'm thinking to set a buy limit for tomorrow. I originally was planning a buy limit at 4080 which is weekly POC and Mon/tues POC and provides a strong base. But since EU broke above the weekly IB at 4147 (the low vol area on your chart) and held, and built value above, i believe a backtest is needed before launching upwards.

EDIT: mzvega, can you share that indi that draws the white line on the price axis...i' started to look at modifying my IB indicator to include weekly IB and would like to put that on the price axis, but can't...

If time willing, might you consider the 1 1/2, 2, and 3x's the IB range.
Ive included pictures, the red X, are the times those targets are hit.
Attached Image (click to enlarge)
Click to Enlarge Name: ib's.jpg Size: 184 KB
Markets are not efficient, rather they are effective - Jones
  • #1,404
  • Mar 31, 2011 3:33pm Mar 31, 2011 3:33pm
[quote=tgwhbb;4513837]that is where i'm thinking to set a buy limit for tomorrow. I originally was planning a buy limit at 4080 which is weekly POC and Mon/tues POC and provides a strong base. But since EU broke above the weekly IB at 4147 (the low vol area on your chart) and held, and built value above, i believe a backtest is needed before launching upwards.

We might be there before ya know it
Markets are not efficient, rather they are effective - Jones
  • #1,405
  • Mar 31, 2011 3:56pm Mar 31, 2011 3:56pm
Quoting mzvega
Its a daily open line. unless its another line?
The only other white line is price itself. In chart properties "grid" set to white
i'm referring to the line i've circled on the price axis on the top right. see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: analysis.jpg Size: 214 KB
Change is the only constant
  • #1,406
  • Mar 31, 2011 4:00pm Mar 31, 2011 4:00pm
Quoting tgwhbb
i'm referring to the line i've circled on the price axis on the top right. see attached.

OOOHHH.... Thats the chart properties "common" with scale fix checked. its used to move the chart up or down or you can click and hold to move chart.
Markets are not efficient, rather they are effective - Jones
  • #1,407
  • Mar 31, 2011 4:23pm Mar 31, 2011 4:23pm
I just added to my short @1.41651. Ive got a target of @1.41284.
lets see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: small add.jpg Size: 170 KB
Markets are not efficient, rather they are effective - Jones
  • #1,408
  • Mar 31, 2011 4:56pm Mar 31, 2011 4:56pm
Sorry, been absent; between work and bad storms here in FL, not going to risk losing it all trading in a thunderstorm!

Bandung! Thank you for the minis! They add incredible insight to distribution on an intra day time frame! You truly are amazing in your ability!

I was hoping to chime in with my take last night but had no power for a day

Though Sunday, I explained to my brother that directional performance indicators for last week showed higher probability of this week being an up-week. At least I was right; too bad nature kept me from the action!

Keep up the great work everyone!
  • #1,409
  • Mar 31, 2011 5:33pm Mar 31, 2011 5:33pm
Quoting pbylina
Hey Kang, What are the Red and Green Lines..VWAP?
It's median line, current 24 hrs and previous 24 hrs.
Here it's....

KG
Attached File(s)
File Type: mq4 KG Daily BS Pivot.mq4   3 KB | 923 downloads
  • #1,410
  • Mar 31, 2011 7:45pm Mar 31, 2011 7:45pm
Ok, first of all I am not affiliated with this company. With that said, I stumbled upon this thread we have here at ff: http://www.forexfactory.com/showthread.php?p=4474634
  • #1,411
  • Mar 31, 2011 8:27pm Mar 31, 2011 8:27pm
Had a moment to take a trade today. I wasn't expecting much as there's lots of news tomorrow.

Price had been accepted back into last weeks value area, and tagged the VAH (previous week's). I took a trade with some buyers at last week's POC, this volume is marked in blue I'll post my entries soon. Then Sellers came in, marked by the red bar. I was out at BE on both positions, even though I planned on closing on position at the immediate hourly supply. I went SL to BE and went back to bed to rest before class (late class today) so I wasn't there to babysit.

It's only me at my apartment for the next 17 weeks so I'll have a hell of a lot more time to contribute to this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: m31a.jpg Size: 92 KB
  • #1,412
  • Mar 31, 2011 8:32pm Mar 31, 2011 8:32pm
Here's my entry from the 5m, btw the last chart was the hourly.

The first marked bar (orange hash marks) is buyers, the next two are my entries (break of the high). I had my stop below the low, around 17 pips. My stops were to break even by 20 pips, and she reversed after around 30 pips to take me out while I was snoozing.

Edit: It seems like my 5m template is kindof hard to see, I may use my longer term template to post my shorter term charts. Can anyone tell me if the gray chart is difficult to see details when I post it?

Also just noticed today's (Thursday) POC ended up being about my average entry price today.
Attached Image (click to enlarge)
Click to Enlarge Name: m31b.jpg Size: 128 KB
  • #1,413
  • Mar 31, 2011 8:37pm Mar 31, 2011 8:37pm
Quoting frankkn
Can anyone tell me if the gray chart is difficult to see details when I post it?
Yes, it's better change the background color to black...

KG
  • #1,414
  • Mar 31, 2011 8:37pm Mar 31, 2011 8:37pm
Some jams

Inserted Video
  • #1,415
  • Mar 31, 2011 8:38pm Mar 31, 2011 8:38pm
Quoting Kang_Gun
Yes, it's better change the background color to black...

KG
LOL it may be but I love the dark gray so much.. (looks better on my 37'')

Edit:

Making the best of my woman's absence = making living room into trading room
  • #1,416
  • Mar 31, 2011 8:40pm Mar 31, 2011 8:40pm
More jams for my brethren

http://www.youtube.com/watch?v=WGx96DFhE-s&feature=related

Edit: better quality link
  • #1,417
  • Mar 31, 2011 8:52pm Mar 31, 2011 8:52pm
i'm still watching and learning how price reaction around 'Pocket Of Low Volume) levels. Anybody could explain me how you use it in your analysis?

KG
Attached Image (click to enlarge)
Click to Enlarge Name: _athread_022.jpg Size: 114 KB
  • #1,418
  • Mar 31, 2011 8:58pm Mar 31, 2011 8:58pm
Quoting Kang_Gun
i'm still watching and learning how price reaction around 'Pocket Of Low Volume) levels. Anybody could explain me how you use it in your analysis?

KG
Some people look for them to be "filled" so to speak, and other times they're used just like SR. I've seen price fill wider ones while bouncing off of very "steep" ones.

Personally to me, I'm happy with VSA showing me the exact levels to enter, within the context of an auction (value, inventory, responsive v initiative). HG's sig says it all. That being said the low value nodes should definitely be noted (higher TF ones), and then watched carefully on smaller time frames, because price might want to fill that area and it might want to bounce.
  • #1,419
  • Mar 31, 2011 9:03pm Mar 31, 2011 9:03pm
Last song I promise

(Jorge Ben is a bad ass)

Inserted Video
  • #1,420
  • Mar 31, 2011 9:04pm Mar 31, 2011 9:04pm
Quoting bandung
hi pbylina...
this miniprofile idea is from you... thanks...

if you want to try here it is...

make sure you have enough 1 minute data for miniprofile h1/m30/m15, 5 minutes data for 4 hour miniprofile, 30 minutes data for D1

it still have crash tendency... i just cant catch the causes yet.
Bandung I just can't thank you enough for your selfless work
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