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Auction Market Theory and Market Profile

  • #1,501
  • Apr 1, 2011 2:23pm Apr 1, 2011 2:23pm
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.
The only rule we have here is respect, other than FF rules. Post as much stuff as you can bro.
  • #1,502
  • Apr 1, 2011 2:32pm Apr 1, 2011 2:32pm
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
So the long-term topic is alive. Thank you, Mizzie Not sure what you mean by lack of participation???

My simple-minded view, returning from an afternoon on the town, is that the long-term participants spoke loudly today, but they will likely wait until Thursday to shoot the rocket above 1.4280.
  • #1,503
  • Apr 1, 2011 2:38pm Apr 1, 2011 2:38pm
Quoting mzvega
.... I just dont want to do something to get banned from the only thread I have ever participated in.
Your participation is much appreciated. Thank you for sharing your knowledge.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,504
  • Apr 1, 2011 2:56pm Apr 1, 2011 2:56pm
Quoting medici
So the long-term topic is alive. Thank you, Mizzie Not sure what you mean by lack of participation???

My simple-minded view, returning from an afternoon on the town, is that the long-term participants spoke loudly today, but they will likely wait until Thursday to shoot the rocket above 1.4280.
I use lack of "participation" when maybe volume is a better word. there is not much of any trading volume what so ever, Be it buyers or Sellers. If we are coming off highs or lows we see increse in volume (Participation). Above I see no volume. Nobodys doing or has done business in this area for a long time. And thats the point to me. What is that longterm participant planning to do. I m really trying to trade someones else "perception" of value. If any of that make sense.
Markets are not efficient, rather they are effective - Jones
  • #1,505
  • Apr 1, 2011 2:57pm Apr 1, 2011 2:57pm
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.
Markets in Profile would be my favourite of the two. And then there's Markets and Market Logic...
  • #1,506
  • Apr 1, 2011 3:00pm Apr 1, 2011 3:00pm
indeed the daily profile stopped one-timeframing today. While i'm no expert in one-timeframing mechanics, here's my take anyway.

on the TPO chart we can see how today's low did not break the weekly/monthly VAL which has been established over the last 2 weeks. We can also see the buying tail below today's VAL (i do not beleive the a double print excludes it from being a buying tail since it has less prints than anywhere else in the profile).

Nearer to the top, the rectangle shows a small acceptance of price in that area, which is conveniently above/at the top of yesterday's value which is also the top of the weekly value area, signaling more upwards acceptance.

today's top, circled, i think resembles what James Dalton refers to as a poor top, as it appears to be lacking the selling tail. If there is no selling tail, i beleive that implies the auction is not over as it has not yet found new sellers. Hence it must go up to find those sellers.

One-timeframing also stoppoed on Sunday/Monday with a lower profile than last Friday, but that was also held up by the previous weekly VAH. Could this be a similar occurence today? I think so, but still cautious up at this level.

Have a good weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: EU TPO 2011-04-01 at 3.44.24 PM.png Size: 190 KB
Change is the only constant
  • #1,507
  • Apr 1, 2011 3:09pm Apr 1, 2011 3:09pm
Quoting HiddenGap
Your participation is much appreciated. Thank you for sharing your knowledge.
Thank you!
Markets are not efficient, rather they are effective - Jones
  • #1,508
  • Apr 1, 2011 3:37pm Apr 1, 2011 3:37pm
Quoting mzvega
I use lack of "participation" when maybe volume is a better word. there is not much of any trading volume what so ever, Be it buyers or Sellers. If we are coming off highs or lows we see increse in volume (Participation). Above I see no volume. Nobodys doing or has done business in this area for a long time. And thats the point to me. What is that longterm participant planning to do. I m really trying to trade someones else "perception" of value. If any of that make sense.
OK, thanks for the clarification. Makes a lot of sense. If I understand you correctly, you share my observation that the size of sell orders above 1.42 are minuscule. Which says that the long-term participants aren't selling, and neither are the medium-term folks. It's only late-comers to the party like me squeezing the short side this eve.

So who, if anyone, is left on the selling side? I suppose we'll find out on Thursday. Then again, I'd trust the charts much more than any news event. After all, today's NFP was dollar bullish and look where the day ends. So for Thursday, perhaps this is what'll happen:

Inserted Video
  • #1,509
  • Apr 1, 2011 3:38pm Apr 1, 2011 3:38pm
Here's a link to download both books if anyone interested. I bought both books. It has been my BEST investment, in my few odd years of trading.

http://www.4shared.com/dir/Xzzipl7Z/_online.html
Markets are not efficient, rather they are effective - Jones
  • #1,510
  • Apr 1, 2011 3:46pm Apr 1, 2011 3:46pm
[quote=medici;4516727]OK, thanks for the clarification. Makes a lot of sense. If I understand you correctly, you share my observation that the size of sell orders above 1.42 are minuscule. Which says that the long-term participants aren't selling, and neither are the medium-term folks. It's only late-comers to the party like me squeezing the short side this eve.

Yes, I agree! So, I ask/ponder about that longterm participant, question is......... Are they intersted in higher prices?
Markets are not efficient, rather they are effective - Jones
  • #1,511
  • Apr 1, 2011 6:25pm Apr 1, 2011 6:25pm
Quoting Kang_Gun
Here is an indicator that will help you to see a merged profile from anywhere you want, just move the vertical Line...

Actually this indicator at the first time it's made just for members http://www.kgforexworld.com but i think it will be useful if i share it here too. The indicator is code by JACreative. I have ask bandung to add VA etc and i hope he will release it too soon.

Input:

Jumlah Bar --> Bar Count, it's just an id number for starting point. If we will use more than one profile, write a different number for the 2nd,...
For all who have pm me asking the indicator input please check http://www.forexfactory.com/showpost...postcount=1480 i have add remarks for indicator input.

regards,

KG
  • #1,512
  • Apr 1, 2011 6:36pm Apr 1, 2011 6:36pm
Quoting mzvega

Yes, I agree! So, I ask/ponder about that longterm participant, question is......... Are they intersted in higher prices?
Well, if they're buying they wouldn't be, innit?

Inserted Video
  • #1,513
  • Apr 1, 2011 8:00pm Apr 1, 2011 8:00pm
Quoting medici
Well, if they're buying they wouldn't be, innit?

http://www.youtube.com/watch?v=BtDcCqBor8U

Not at these prices! Relative to value.
Markets are not efficient, rather they are effective - Jones
  • #1,514
  • Apr 1, 2011 10:46pm Apr 1, 2011 10:46pm
Inserted Video


Looks like you have no rest for the weekend after the big catch. Go Go Go!!!
  • #1,515
  • Apr 2, 2011 1:01am Apr 2, 2011 1:01am
Quoting bandung
kave can you check your pc/laptop with the system requirement in this link

http://www.microsoft.com/downloads/e...3-37bf0912db84
Hello bandung,

I cannot open MP-text indicator at all...Do you know what might be reason...?
The Market pays you to be disciplined
  • #1,516
  • Apr 2, 2011 3:28am Apr 2, 2011 3:28am
Quoting mzvega
Here's a link to download both books if anyone interested. I bought both books. It has been my BEST investment, in my few odd years of trading.

http://www.4shared.com/dir/Xzzipl7Z/_online.html
Hello mzvega, the file that you upload is missing, would you upload it again? thank you for sharing. Sorry for my poor english, this is my first post in FF and in english languange.
  • #1,517
  • Apr 2, 2011 10:46am Apr 2, 2011 10:46am
Quoting bila
Hello mzvega, the file that you upload is missing, would you upload it again? thank you for sharing. Sorry for my poor english, this is my first post in FF and in english languange.
They're there. Try it this way

http://www.4shared.com/document/86Lv...__Jones_E.html

http://www.4shared.com/document/ivp7...r_Markets.html
Markets are not efficient, rather they are effective - Jones
  • #1,518
  • Apr 2, 2011 12:08pm Apr 2, 2011 12:08pm
I wanted to include a 3hour Market Profile video. Its for slightly more advanced MP users. This man has 2 other videos "MP 101" & "MP 102"
he considers this "MP 103"

http://www.tradingclinic.com/oneoff/...l20080606.html
Markets are not efficient, rather they are effective - Jones
  • #1,519
  • Apr 2, 2011 3:46pm Apr 2, 2011 3:46pm
Quoting mzvega
Not at these prices! Relative to value.
Sorry, but I don't get your point. Would you mind explaining?
  • #1,520
  • Edited 5:14pm Apr 2, 2011 4:33pm | Edited 5:14pm
Quoting medici
Sorry, but I don't get your point. Would you mind explaining?
Relative to where were sitting on the quarterly, imo, again this is just my opinion. From the Quarterly Chart perspective. We ended the quarter above the QVAH @ 1.40065 "above value" "Overvalued" "Overpriced". If I feel that price will be higher in the future and I need to buy in bulk, I need to buy at a discount, "on sale". If I was trading this Quarterly TF where would prices be "on sale" ? "Below Value".
We seem to be forming balance. I merged the 2 Quarters and from the merged profile we closed inside value. Until we can hold a close above that @1.42072 area then Id rethink my opinion. That "lack of participation" makes me feel we need to build value in tha area, "Build enough long term interest". However, we are one timing on the monthly. I havent done all my analysis. But, it was just an opinion. If anyone has any points Im missing or something that I am not seeing, please share! I dont follow fundamentals at all, but I do try to Respect them.

From the basic MP stradegies info Ive shared, this would be the "general concensus"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2qs merged.jpg Size: 120 KB
Click to Enlarge Name: medii.jpg Size: 124 KB
Markets are not efficient, rather they are effective - Jones
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