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Auction Market Theory and Market Profile

  • #1,441
  • Apr 1, 2011 3:48am Apr 1, 2011 3:48am
Quoting Kang_Gun
the pocket of low volume still working as support area... love it very much, it's like play pin ball...

KG

HI KG what are those labeled levels on the right edge? + 1 + 2 so on?

I have weak eyes...bro..turn up the lights a little..
  • #1,442
  • Apr 1, 2011 3:50am Apr 1, 2011 3:50am
Quoting kave
GU's opening indicates auctioning 1hr prior to European open..

Long on break of IBH (6065), target to 6100 & near VAH & 6125, risk at 6050

(If price hit VAH or above it, then another unfair high opportunity to short)

Chart on GMT5
Attachment
No luck today stop out with -17..

din expect much since eventually GU gonna look back to 1.6000 for demand...sharks are eying there
  • #1,443
  • Edited 4:11am Apr 1, 2011 3:57am | Edited 4:11am
Quoting kave
HI KG what are those labeled levels on the right edge? + 1 + 2 so on?

I have weak eyes...bro..turn up the lights a little..
Level on the right are last 24 hrs SMA and Standard Deviation only (Mean and Standard deviation). And The green line is last 24 hrs Median. the purple line is 120 hrs Median.

Actually, i use MP as a Mode only and combine it with Means and Median to help me read and understand the price movements. There are a correlation between Mode, Means and Median in data distributions. http://en.wikipedia.org/wiki/Skewness

KG
  • #1,444
  • Apr 1, 2011 4:27am Apr 1, 2011 4:27am
Quoting Kang_Gun
Level on the right are last 24 hrs SMA and Standard Deviation only (Mean and Standard deviation). And The green line is last 24 hrs Median. the purple line is 120 hrs Median.

Actually, i use MP as a Mode only and combine it with Means and Median to help me read and understand the price movements. There are a correlation between Mode, Means and Median in data distributions. http://en.wikipedia.org/wiki/Skewness

KG
ah ok...reversion to mean trading..


tks for the wiki post to..reminds me of the time in University which I can still recall my thesis on statistical outliers...haha
  • #1,445
  • Apr 1, 2011 5:46am Apr 1, 2011 5:46am
Hello everybody. 1st post here.

Thank you all for this great info.

KG if you dont mind I give you my opinion about those "Pockets". As I saw at a yt video a guy said that those levels are either quick cross areas or strong rejection ones. In the present on EU we have several tests of the 1.4148 Pocket. Combining that fact with the method of S/D from the thread "Price is everything" here @ ff I can understand that as a consumption of that level meaning we should go South in a strong way in a few moments. Maybe Im wrong but is just my opinion.

Ill keep learnig from you guys!

ps. the screenshot is from a setup you posted some hours ago
Attached Image (click to enlarge)
Click to Enlarge Name: eu6.gif Size: 23 KB
  • #1,446
  • Apr 1, 2011 6:05am Apr 1, 2011 6:05am
I take a week off to visit the UK and come back to find 25 pages packed with great posts from members old and new(er), new indies - special thanks to Bandung.....again...........links to other areas for research etc etc......much to consider and then to work out how to adapt for my use / style......lol, the "work in progress" file keeps growing......thanks guys
Trading Levels with WRBs
  • #1,447
  • Apr 1, 2011 6:26am Apr 1, 2011 6:26am
Quoting booster
Hello everybody. 1st post here.

Thank you all for this great info.

KG if you dont mind I give you my opinion about those "Pockets". As I saw at a yt video a guy said that those levels are either quick cross areas or strong rejection ones. In the present on EU we have several tests of the 1.4148 Pocket. Combining that fact with the method of S/D from the thread "Price is everything" here @ ff I can understand that as a consumption of that level meaning we should go South in a strong way in a few moments. Maybe Im wrong but is just my opinion....
Thanks booster for the info.
Your screenshot looks familiar

KG
  • #1,448
  • Apr 1, 2011 7:56am Apr 1, 2011 7:56am
long at 1.4094. I was targeting 4084 as the entry (tues/Wed naked POC) but gave some breathing room of 10 pips to account for broker spread manipulation during big news events.

at the moment it looks like EU bounced right off the POC.

hmmm, April fool's shakeout?
Attached Image (click to enlarge)
Click to Enlarge Name: EU TPO 2011-04-01 at 8.53.23 AM.png Size: 148 KB
Change is the only constant
  • #1,449
  • Apr 1, 2011 8:39am Apr 1, 2011 8:39am
Thanks KG (again) lol
Attached Image (click to enlarge)
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  • #1,450
  • Apr 1, 2011 9:02am Apr 1, 2011 9:02am
Amongst the pair I was monitoring...EJ is the only one that makes sense to me as it clearly show initiatives with a clear open-drive...

Took a long just above IBH...initial risk was 20pips.. since then out with +51pips. Lucky trade since EJ did not exhibit any adverse movement on release of NFP

IBFX GMT11 (1hr prior to NY session)
Attached Image


Oanda
Attached Image
  • #1,451
  • Apr 1, 2011 9:09am Apr 1, 2011 9:09am
I just took a few longs. To be honest I entered @1.4176. It started to go against me and start to fall. On the way down I added 2 small longs. Only because US is opening and there should be a shift in inventory balance. Instead of 1 lot I broke it into 3 smaller ones, so I can reduce my risk by closing the smaller lot at profit, or where need be. It looks scarey as hell if your looking at a standard chart. But with the profile not scary at all. One big P formamation. Lets seee how it goes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: morn long.jpg Size: 183 KB
Click to Enlarge Name: morn long1.jpg Size: 159 KB
Markets are not efficient, rather they are effective - Jones
  • #1,452
  • Apr 1, 2011 9:14am Apr 1, 2011 9:14am
Sorry Forgot to update photo after I added to my position.
Attached Image (click to enlarge)
Click to Enlarge Name: morn long12.jpg Size: 177 KB
Markets are not efficient, rather they are effective - Jones
  • #1,453
  • Apr 1, 2011 9:22am Apr 1, 2011 9:22am
Quoting mzvega
Sorry Forgot to update photo after I added to my position.
still in my long...pending hedge further below just in case. agree with you, scary as hell watching the price drop, but the profiles are still bullish and in an uptrend so being patient. However, unlike you, i did not enter another long near 4060...was thinking about it, but didn't pull the trigger...emotions again

Question...you're using my IB indicator, but your values for IBH/IBL and hence extensions do not match up with mine...and yours look a whole lot more accurate. What times are you using for Tokyo/London/NY start?
Change is the only constant
  • #1,454
  • Apr 1, 2011 9:30am Apr 1, 2011 9:30am
tgwhbb,
I just thought Id show you again how X marks the spot again. There really is a method to my madness!

P.S. If I was at my charts I would have entered at that point too.
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 175 KB
Markets are not efficient, rather they are effective - Jones
  • #1,455
  • Apr 1, 2011 9:40am Apr 1, 2011 9:40am
Quoting mzvega
I just took a few longs. To be honest I entered @1.4176. It started to go against me and start to fall. On the way down I added 2 small longs. Only because US is opening and there should be a shift in inventory balance. Instead of 1 lot I broke it into 3 smaller ones, so I can reduce my risk by closing the smaller lot at profit, or where need be. It looks scarey as hell if your looking at a standard chart. But with the profile not scary at all. One big P formamation. Lets seee how it goes.
Yeah, no more one time framing...& watching the profile don't look scary, instead it exudes confidence in you... Like your trade girl...

I took a different route on buy limit on GU instead via VSA trigger level..entry was set to 5980..& look at GU's profile with GMT set to NY session makes me wonder, the hell with stop loss...haha

Attached Image
  • #1,456
  • Edited 9:47am Apr 1, 2011 9:44am | Edited 9:47am
Quoting tgwhbb
still in my long...pending hedge further below just in case. agree with you, scary as hell watching the price drop, but the profiles are still bullish and in an uptrend so being patient. However, unlike you, i did not enter another long near 4060...was thinking about it, but didn't pull the trigger...emotions again

Question...you're using my IB indicator, but your values for IBH/IBL and hence extensions do not match up with mine...and yours look a Whole lot more accurate. What times are you using for Tokyo/London/NY start?

I noticed that too. The indi. agrees eary in session then it shifts. 0gmt for asia, 7gmt for uk I like the franfurt open, and 13gmt for US. The indi. I found here at FF. used for morning range break out levels. I just change it for my 1 1/2 x, 2x, 3x IB range. Maybe you can use some of the code. Its a great piece of work. Take a look. It is not the original indi, I altered it somewhat, to suit my needs. I just dont like that I have to have 3 instances of the same indicator. But I set it for each session.
Attached File(s)
File Type: mq4 3 Tier London Breakout V.3.2b.mq4   21 KB | 725 downloads
Markets are not efficient, rather they are effective - Jones
  • #1,457
  • Apr 1, 2011 9:57am Apr 1, 2011 9:57am
Just to get a consensus on the crash of mptext indi...

I am suffering from bout of crashes & funny thing is when NFP started just now when u see those scrabbles doing the dance..it crash 5 seconds into the news...haha

Just trying to minimise the crashes with maybe using another mt4 platform besides my IbFX as i still love this indi to death..

can u guys let me know your broker platform u chart with mptext & frequency of crashes if any (some lucky felllow if any ) & what the last thing u did b4 it crashes e.g. chging timeframe, chg of parameters..loading a pair so on..

tks if u care to respond..


& yes my problem is all of the above & i have to reboot my IBFX 20 over times a day...haha
  • #1,458
  • Apr 1, 2011 9:59am Apr 1, 2011 9:59am
Quoting kave
Just to get a consensus on the crash of mptext indi...

I am suffering from bout of crashes & funny thing is when NFP started just now when u see those scrabbles doing the dance..it crash 5 seconds into the news...haha

Just trying to minimise the crashes with maybe using another mt4 platform besides my OBFX as i still love this indi to death..

can u guys let me know your broker platform u chart with mptext & frequency of crashes if any (some lucky felllow if any ) & what the last thing u did b4 it crashes e.g. chging timeframe, chg...
I have not yet had a crash at all.
Change is the only constant
  • #1,459
  • Apr 1, 2011 10:03am Apr 1, 2011 10:03am
Quoting tgwhbb
I have not yet had a crash at all.
Pls tell me your broker bro?
  • #1,460
  • Apr 1, 2011 10:06am Apr 1, 2011 10:06am
Took profit left one trade on the table. But if the shorts are being squeezed, this is as far as you can squeeze, before they all start to get stopped out or Bail.
Attached Image (click to enlarge)
Click to Enlarge Name: example1.jpg Size: 176 KB
Markets are not efficient, rather they are effective - Jones
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