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Auction Market Theory and Market Profile

  • #1,641
  • Apr 6, 2011 7:57am Apr 6, 2011 7:57am
Quoting pbylina
Whats the blue and red screen in front of him? Dom/Level 2?
well... i guest it is...
...
  • #1,642
  • Apr 6, 2011 8:04am Apr 6, 2011 8:04am
Quoting fishman356
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

I actually have this indicator somewhere in my massive pile of indicators I accumulated early in my trading. Interesting you have to pay money for it now, lol.
  • #1,643
  • Apr 6, 2011 8:15am Apr 6, 2011 8:15am
Quoting alexm
OK let's work out the possible scenario this week.


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.
Very nice, I wish I was able to hold that long!
Markets are not efficient, rather they are effective - Jones
  • #1,644
  • Apr 6, 2011 8:19am Apr 6, 2011 8:19am
Quoting bandung
is he Steve W of nobrainertrades.com... ? he uses mp
anyway... the articles worth to read
http://www.nobrainertrades.com/2011/...g-session.html

Great article so far, I havent finished it yet I always like to see a professional trade using MP
Markets are not efficient, rather they are effective - Jones
  • #1,645
  • Apr 6, 2011 8:30am Apr 6, 2011 8:30am
Quoting bandung
I got nice entry on test of Asia VAH at london open...

adding at test of today DVAL
now I chickened out at yesterday VAH... to hold or not to hold...
... TO BE first of course
Attached Image (click to enlarge)
Click to Enlarge Name: gu-short-00001a.png Size: 85 KB
...
  • #1,646
  • Apr 6, 2011 8:33am Apr 6, 2011 8:33am
I just got started this morning. I went short @1.4294. I would like to see a test of yest. or the previous days VAH. But any strength @ WIBH as tgwhbb suggested, would be a good place for me to close and re open a long
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 311 KB
Markets are not efficient, rather they are effective - Jones
  • #1,647
  • Apr 6, 2011 8:37am Apr 6, 2011 8:37am
Quoting tgwhbb


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

Great trade I just did not want to be wrong on that, good analysis!
Im glad I reduced my lot and risk when I took that trade.
Markets are not efficient, rather they are effective - Jones
  • #1,648
  • Apr 6, 2011 8:44am Apr 6, 2011 8:44am
Quoting bandung
now I chickened out at yesterday VAH... to hold or not to hold...
... TO BE first of course
close both position.. for total +102,
enough for today...

i need to take a rest... it 20:40 pm here... but my eyes too sleepy

see you tomorrow everyone..
...
  • #1,649
  • Apr 6, 2011 8:48am Apr 6, 2011 8:48am
Quoting mzvega
Great trade I just did not want to be wrong on that, good analysis!
Im glad I reduced my lot and risk when I took that trade.
thx!

Just took another long at 4287, 15M shakeout bar at the london DIBL. target london DIBH at 4352.
Change is the only constant
  • #1,650
  • Edited 9:17am Apr 6, 2011 9:03am | Edited 9:17am
Quoting tgwhbb
thx!

Just took another long at 4287, 15M shakeout bar at the london DIBL. target london DIBH at 4352.
I added to my short @1.42887. My NY IB hasnt settled yet. Its wiser for me to wait until I have IB High & low. However, Im hoping that the shift in inventory balance will work in my favor. Ill see how this goes.

Edit: Also @1.43136
Markets are not efficient, rather they are effective - Jones
  • #1,651
  • Apr 6, 2011 9:15am Apr 6, 2011 9:15am
London DIBH is 1.4320 or 4352?
Quoting tgwhbb
thx!

Just took another long at 4287, 15M shakeout bar at the london DIBL. target london DIBH at 4352.
  • #1,652
  • Apr 6, 2011 9:22am Apr 6, 2011 9:22am
Quoting skyscraper
London DIBH is 1.4320 or 4352?
I have 4352 based on 7AM GMT session start as London is now in British summer time so 8AM London = 7AM GMT
Change is the only constant
  • #1,653
  • Edited 9:28am Apr 6, 2011 9:26am | Edited 9:28am
Quoting tgwhbb
thx!

Just took another long at 4287, 15M shakeout bar at the london DIBL. target london DIBH at 4352.
SL set to 4303 - just below 5M NS/test bar of NY IBH.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 2011-04-06 at 10.26.45 AM.png Size: 46 KB
Change is the only constant
  • #1,654
  • Apr 6, 2011 9:35am Apr 6, 2011 9:35am
Quoting mzvega
I added to my short @1.42887. My NY IB hasnt settled yet. Its wiser for me to wait until I have IB High & low. However, Im hoping that the shift in inventory balance will work in my favor. Ill see how this goes.

Edit: Also @1.43136
I will Bail on this one if we get good close above the DIBH
Markets are not efficient, rather they are effective - Jones
  • #1,655
  • Apr 6, 2011 9:40am Apr 6, 2011 9:40am
Quoting mzvega
I will Bail on this one if we get good close above the DIBH
Out of curiosity, what do you consider a good close? what time frame?
Change is the only constant
  • #1,656
  • Apr 6, 2011 9:42am Apr 6, 2011 9:42am
Quoting mzvega
I will Bail on this one if we get good close above the DIBH
I am so out! Thats 2 for 2! one more like that and I done for the day.
Markets are not efficient, rather they are effective - Jones
  • #1,657
  • Apr 6, 2011 9:57am Apr 6, 2011 9:57am
Quoting tgwhbb
SL set to 4303 - just below 5M NS/test bar of NY IBH.
SL moved to 4329 under last 5M bullish engulfing bar.
Change is the only constant
  • #1,658
  • Apr 6, 2011 9:57am Apr 6, 2011 9:57am
Quoting tgwhbb
Out of curiosity, what do you consider a good close? what time frame?
It varies for me depending on PA , usually its a candle that has opened & closed above or below the sup/res. Or if its a large candle, little if no tails and that closes above or below. Other than profile chart I look at the 30 or 15m for areas of interest & MP reference levels. When I want to place a trade I will drop down to the 5m to try to get a more precisce entry.
Markets are not efficient, rather they are effective - Jones
  • #1,659
  • Apr 6, 2011 10:10am Apr 6, 2011 10:10am
Quoting tgwhbb
SL moved to 4329 under last 5M bullish engulfing bar.
closed at 4340, price seems to be stalling...+112 for the day...that may be it for me today...
Change is the only constant
  • #1,660
  • Apr 6, 2011 10:12am Apr 6, 2011 10:12am
Quoting tgwhbb
closed at 4340, price seems to be stalling...+112 for the day...that may be it for me today...

Thats great. Im all ass backwards today. I need to regroup.
Markets are not efficient, rather they are effective - Jones
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