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Auction Market Theory and Market Profile

  • #1,621
  • Apr 5, 2011 9:31pm Apr 5, 2011 9:31pm
I hope you don't mind but I posted your market profile indi on another thread , the 5m trend pipper thread started by julie1585, I believe she had a nice little addition to help trade your indi, you can find the post here
http://www.forexfactory.com/showthre...=1#post4524272
# 87,88 , if you like to use the extra indis and template.

fishman356

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  • #1,622
  • Apr 5, 2011 11:22pm Apr 5, 2011 11:22pm
Quoting fishman356
I hope you don't mind but I posted your market profile indi on another thread , the 5m trend pipper thread started by julie1585, I believe she had a nice little addition to help trade your indi, you can find the post here
http://www.forexfactory.com/showthre...=1#post4524272
# 87,88 , if you like to use the extra indis and template.

fishman356

Attachment
I don't mind at all.... my mp indi is free as a bird.
thank you for the link, fish.
...
  • #1,623
  • Apr 5, 2011 11:30pm Apr 5, 2011 11:30pm
Quoting mzvega
Its one timeframing, I wouldnt call it weak, it may need to catch its "breath".
mzvega, what is your IB criteria for weekly/monthly/yearly profile...?
I know you've posted about it, but i cant find it...

cheers..
...
  • #1,624
  • Apr 5, 2011 11:32pm Apr 5, 2011 11:32pm
Quoting mzvega

I have have no sources of deal flow what so ever (i wish)! I just use a weird psychology. I do follow the COT somewhat. Im still learning. But I am pretty confident there is a centain percentge that these people can risk of someone elses money on daily basis. I do understand my anaysis is lacking much, but I am "work in progress" I try to keep these things I read in mind.


[left][size=3][size=2]The basic concept is to trade with the big money (Commercials) and look to exit when a market loses Commercial...
great post... thank you
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  • #1,625
  • Apr 5, 2011 11:45pm Apr 5, 2011 11:45pm
Hi guys,

Anyone know what happened to Kave?

Infractions Overload means being banned is it?
  • #1,626
  • Apr 5, 2011 11:56pm Apr 5, 2011 11:56pm
Quoting alexm
Hi guys,

Anyone know what happened to Kave?

Infractions Overload means being banned is it?
ya i guest...

check this link http://www.forexfactory.com/showthread.php?t=287110

if i dont ask that question... maybe he still here..
...
  • #1,627
  • Apr 6, 2011 12:49am Apr 6, 2011 12:49am
Quoting bandung
mzvega, what is your IB criteria for weekly/monthly/yearly profile...?
I know you've posted about it, but i cant find it...

cheers..
Daily IB = first 60m
Weekly IB= first 2 days
Monthly IB= first week
Quarterly IB =first month
Yearly IB = first 3 months
Markets are not efficient, rather they are effective - Jones
  • #1,628
  • Apr 6, 2011 1:23am Apr 6, 2011 1:23am
Quoting bandung
ya i guest...

check this link http://www.forexfactory.com/showthread.php?t=287110

if i dont ask that question... maybe he still here..
Tks Bandung,

Hope he can come back to join us soon.
  • #1,629
  • Edited 1:55am Apr 6, 2011 1:41am | Edited 1:55am
Quoting mzvega
Daily IB = first 60m
Weekly IB= first 2 days
Monthly IB= first week
Quarterly IB =first month
Yearly IB = first 3 months
OK let's work out the possible scenario this week.

IBH - 1.4268
IBL - 1.4150
4268-4150=118 pips

DIBH 1.4268+118=1.4386
DIBL 1.4150-118=1.4132

Currently still holding long since 1.4149 friday POC bounce, lock all profit at 1.4249, right below the test bar in 30 min chart.

If I got stopped out, will observe further development for entry again.
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  • #1,630
  • Apr 6, 2011 2:32am Apr 6, 2011 2:32am
nice trade alexm.
  • #1,631
  • Apr 6, 2011 2:36am Apr 6, 2011 2:36am
Quoting taq
nice trade alexm.
Tks Taq, I am still learning to see the forest and the tree.

Just like what mzvega said, to understand the "context".
  • #1,632
  • Edited 3:34am Apr 6, 2011 3:29am | Edited 3:34am
Lock profit to 1.4292 right below the 5min no demand (mini me) up bar.

Yes, being stop out at that no demand bar. Done for the day.
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  • #1,633
  • Apr 6, 2011 3:44am Apr 6, 2011 3:44am
Quoting alexm
Lock profit to 1.4292 right below the 5min no demand (mini me) up bar.

Yes, being stop out at that no demand bar. Done for the day.


KG
  • #1,634
  • Apr 6, 2011 4:32am Apr 6, 2011 4:32am
is he Steve W of nobrainertrades.com... ? he uses mp
http://nobrainertrades.com/wp-conten...e-1024x624.jpg

anyway... the articles worth to read
http://www.nobrainertrades.com/2011/...g-session.html
...
  • #1,635
  • Edited 6:46am Apr 6, 2011 6:16am | Edited 6:46am
Quoting alexm
Lock profit to 1.4292 right below the 5min no demand (mini me) up bar.

Yes, being stop out at that no demand bar. Done for the day.


just woke up to see my long from yesterday at 4230 played out nicely. SL now set to 4290 just below the last 15 swing low. Will probably get stoppped out during NY open unless they run it up right away...

looking at 4267 (weekly IBH) for next long.

EDIT: stoppped out +60
Change is the only constant
  • #1,636
  • Apr 6, 2011 7:18am Apr 6, 2011 7:18am
http://www.forexcrescendo.com/resistenzafx.html

I am not sure if this indicator is based off of mp, but it looks interesting.
It looks to have a heat map , just wanted to pass it along maybe to get some ideas.

fishman356
  • #1,637
  • Apr 6, 2011 7:36am Apr 6, 2011 7:36am
Quoting tgwhbb

looking at 4267 (weekly IBH) for next long.
here's why...looks like EU dPOC is about to move up to 1.43...

4267 buy limit is set, just above the previous POC and surrounding shelf. The question is, will EU make it there...

There is also no selling tail at the top, so more upside room...
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Change is the only constant
  • #1,638
  • Apr 6, 2011 7:43am Apr 6, 2011 7:43am
currently the NY IB is about 15 pips, very narrow for NY...there's still 22 minutes left, but nonetheless, the reason for posting this is for learning purposes. Let's assume the IB remains narrow as it is...an average NY IB is about 34 pips.

A narrow IB means price is balanced, or at a fair price, so the day traders (in market profile terms, aka floor traders) are finding buyers and sellers in essentially the same area - in this case a 15 pip range.

To move price out of this range will need initiative action from "other timframe" traders. Meaning that if longer term bulls are in play today, price should move out of the IB higher, or lower if bears are in control. Seems obvious, but given this is happening at the top, it does instill some confidence if price continues to move up IMO.

EDIT: the trick will be not geting caught in a fakeout move, or being willing to take the drawdown if you are...
Change is the only constant
  • #1,639
  • Apr 6, 2011 7:47am Apr 6, 2011 7:47am
Quoting bandung
is he Steve W of nobrainertrades.com... ? he uses mp
http://nobrainertrades.com/wp-conten...e-1024x624.jpg

anyway... the articles worth to read
http://www.nobrainertrades.com/2011/...g-session.html
Whats the blue and red screen in front of him? Dom/Level 2?
  • #1,640
  • Edited 8:18am Apr 6, 2011 7:55am | Edited 8:18am
I got nice entry on test of Asia VAH at london open...

adding at test of today DVAL
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