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Auction Market Theory and Market Profile

  • #1,481
  • Apr 1, 2011 11:14am Apr 1, 2011 11:14am
Took small short. I see how it plays out. It may blow back in my face. Ill look to see if the DIBH holds.
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Markets are not efficient, rather they are effective - Jones
  • #1,482
  • Apr 1, 2011 11:17am Apr 1, 2011 11:17am
just closed this trade for +108..
it took 7 x M15 bars... yummy
enough for today....

see you everyone next week
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  • #1,483
  • Apr 1, 2011 11:19am Apr 1, 2011 11:19am
Quoting mzvega
Great trade!
Ive fond more often than not if the session cant meet or break its DIBL or DIBH, it reverses.

p.s. we have single prints. I may short.
yep, seen that as well...don't fancy a short though, last 2 hourly candles very bullish...rather wait for another long as it could very well reverse on a dime
Change is the only constant
  • #1,484
  • Apr 1, 2011 11:20am Apr 1, 2011 11:20am
Quoting bandung
just closed this trade for +108..
it took 7 x M15 bars... yummy
Again, if I may tell you, Thank You for this wonderful indi.!
Markets are not efficient, rather they are effective - Jones
  • #1,485
  • Apr 1, 2011 11:21am Apr 1, 2011 11:21am
Quoting kave
FYI

Attachment
hangon... that HLC bar is cool... is that mt5 Kave?
...
  • #1,486
  • Apr 1, 2011 11:27am Apr 1, 2011 11:27am
Quoting bandung
just closed this trade for +108..
it took 7 x M15 bars... yummy
enough for today....

see you everyone next week
great day...dipped a bit further than i anticipated, but none the less, the NFP drop was exactly 80 pips as i eluded to in a previous post, like it was already planned
Change is the only constant
  • #1,487
  • Apr 1, 2011 11:34am Apr 1, 2011 11:34am
100 pages! congrats to all the awesome posts, pics, and indi's!

Bandung, mzvega, kang_gun, kave, frankkn, HG! and any other's I may have missed...
Change is the only constant
  • #1,488
  • Apr 1, 2011 11:43am Apr 1, 2011 11:43am
Inserted Video
  • #1,489
  • Apr 1, 2011 11:44am Apr 1, 2011 11:44am
From a longerterm perspective, I stiil see lack of participation. I believe weve stopped one time framing. I would take that as the longer term participants stepping off board on higher prices atm. Maybe we will fill in that area
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Markets are not efficient, rather they are effective - Jones
  • #1,490
  • Apr 1, 2011 12:32pm Apr 1, 2011 12:32pm
Quoting mzvega
Same concept applies viceversa? (to the short side?)
Similar..buying wave & selling waves have different time compression. But the principles are the same...What u see in the 5min chart is the most highly compress period. waves can occur in all timeframe but in its simplest form it resembles a H&S or inverted variant formation..
  • #1,491
  • Apr 1, 2011 12:32pm Apr 1, 2011 12:32pm
Hi I am new to market profile. Can you tell me how to get started & any book to start with.
Mzvega can you share the indicator & tell me the setting.

Thanks
TAQ
  • #1,492
  • Apr 1, 2011 12:36pm Apr 1, 2011 12:36pm
Quoting mzvega
From a longerterm perspective, I stiil see lack of participation. I believe weve stopped one time framing. I would take that as the longer term participants stepping off board on higher prices atm. Maybe we will fill in that area
interesting. let me play devil's advocate. EU has only been above ~1.4300 for about 16 months since 1993 (that's as far back as my chart goes). That's only 7.5% of its time spent up there over the course of 18 years, so it would stand to reason the area is not really build up yet, no?

If you look at the doc refered to in this post, there seems to be a progression in value upwards.


EU is still one-timing on the weekly so we may very well see a down day on Monday given daily one-timing has stopped, but only if we break this week's low would longer term one-timing stop...
Change is the only constant
  • #1,493
  • Apr 1, 2011 1:02pm Apr 1, 2011 1:02pm
Quoting bandung
Hello traders..

This is V1.31 of my MP indicators for MT4.

This is some of its features:
[list][*]DayStartHour, this is for daily profile start hour.[*]UseVolumeProfile, set to True for Volume Profile and False for TPO Profile[*]ShowPriceHistogram, on/off setting for Price Histogram[*]ShowValueArea, on/off setting for Value Area[*]ShowVAHVALLines, on/off setting for VAH and VAL lines[*]ShowOpenCloseArrow, on/off setting for Open and Close Arrow[*]VirginPOCColor, color setting...
Thank you for this wonderful indicator as well we for the text one! However, for both indicators, they lag quite significantly on a XAG/USD chart (probably due to the number of histograms/etc. being drawn). Is there any workaround for it?
  • #1,494
  • Apr 1, 2011 1:11pm Apr 1, 2011 1:11pm
Quoting bandung
kave can you check your pc/laptop with the system requirement in this link

http://www.microsoft.com/downloads/e...3-37bf0912db84
Oh btw, forget to ask..m I suppose to see the follow compile warnings? is that normal?

1;39;;;Function "createArw" is not referenced and will be removed from exp-file
1;39;;;Function "RGB" is not referenced and will be removed from exp-file
1;39;;;Function "intToRGB" is not referenced and will be removed from exp-file
1;39;;;Function "getNextGradColor" is not referenced and will be removed from exp-file
  • #1,495
  • Apr 1, 2011 1:25pm Apr 1, 2011 1:25pm
Quoting tgwhbb
interesting. let me play devil's advocate. EU has only been above ~1.4300 for about 16 months since 1993 (that's as far back as my chart goes). That's only 7.5% of its time spent up there over the course of 18 years, so it would stand to reason the area is not really build up yet, no?

If you look at the doc refered to in this post, there seems to be a progression in value upwards.


EU is still one-timing on the weekly so we may very well see a down day on Monday...
Gosh! I have completely forgot my long term analysis. I posted a quarterly chart awhile back. It was that article that lead me to make my first post here. I havent check it since. Heres the quarter as we sit now. I forgot this week end of Quarter. Well end of week , new month, ive got alot of homework this weekend, update charts, and plans. Thanks for bringing that to my attention, I get that tunnel vision when trading intraday.
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Markets are not efficient, rather they are effective - Jones
  • #1,496
  • Apr 1, 2011 1:27pm Apr 1, 2011 1:27pm
Quoting tgwhbb
interesting. let me play devil's advocate. EU has only been above ~1.4300 for about 16 months since 1993 (that's as far back as my chart goes). That's only 7.5% of its time spent up there over the course of 18 years, so it would stand to reason the area is not really build up yet, no?

If you look at the doc refered to in this post, there seems to be a progression in value upwards.


EU is still one-timing on the weekly so we may very well see a down day on Monday...
Forgot to add Good Analysis!
Markets are not efficient, rather they are effective - Jones
  • #1,497
  • Apr 1, 2011 1:39pm Apr 1, 2011 1:39pm
Quoting taq
Hi I am new to market profile. Can you tell me how to get started & any book to start with.
Mzvega can you share the indicator & tell me the setting.

Thanks
TAQ
Welcome Taq! there are several posts at the start of this thread that have some good links.
Change is the only constant
  • #1,498
  • Apr 1, 2011 1:40pm Apr 1, 2011 1:40pm
Quoting taq
Hi I am new to market profile. Can you tell me how to get started & any book to start with.
Mzvega can you share the indicator & tell me the setting.

Thanks
TAQ
Both "Mind over Markets" and "Markets in Profile" are my 2 favorite books on profile. All the the MP indicators I use are posted in the thread here. I am not sure as to thread rules if I can post books, but if its not against thread rules if you pm me an email address I can send them or provide an upload link. I just dont want to do something to get banned from the only thread I have ever participated in.
Markets are not efficient, rather they are effective - Jones
  • #1,499
  • Apr 1, 2011 1:42pm Apr 1, 2011 1:42pm
Quoting mzvega
Both "Mind over Markets" and "Markets in Profile" are my 2 favorite books on profile. All the the MP indicators I use are posted in the thread here. I am not sure as to thread rules if I can post books, but if its not against thread rules if you pm me an email address I can send them or provide an upload link. I just dont want to do something to get banned from the only thread I have ever participated in.
Can't wait to get Markets in Profile delivered...should be here next week...good vacation reading
Change is the only constant
  • #1,500
  • Apr 1, 2011 2:11pm Apr 1, 2011 2:11pm
Hey guys, looks like it was a wild day!

Wasn't around to trade, what a hell of a move.

Check out these two charts, the first is a weekly EU TPO that has stopped one-time-framing up. The next is a weekly candlestick chart, where the low of this week is 6 pips above the low of last week. I feel like I'm missing something really simple here, like I have a setting wrong or something.

I'm using IBFX and the profile day starts at 0, does that impact the weekly TPO?
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