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Auction Market Theory and Market Profile

  • #1,741
  • Apr 7, 2011 8:29pm Apr 7, 2011 8:29pm
Me too. This is what I get for playing time-killing internet games with MT4 open.
  • #1,742
  • Apr 7, 2011 8:29pm Apr 7, 2011 8:29pm
Quoting Bilstein
Me too. This is what I get for playing time-killing internet games with MT4 open.
better than me, i was doing my taxes
Change is the only constant
  • #1,743
  • Apr 7, 2011 8:32pm Apr 7, 2011 8:32pm
4384, that is the double weekly initial balance....just thought i'd throw that out there...
Change is the only constant
  • #1,744
  • Apr 7, 2011 8:53pm Apr 7, 2011 8:53pm
Hey tgwhbb any way you can get prev week's HLC in your IB indi? Maybe even the week's IB?

Gets tiresome drawing in those HLCs.

For those that don't look at these pop in last week's high and take a look at today's PA
  • #1,745
  • Apr 7, 2011 8:55pm Apr 7, 2011 8:55pm
Quoting pres78
Not sure what your volume shows but my daily candle is looking very much like a low volume test bar closing back above that old 2010 high for the second straight day... all supply proven to be removed perhaps?

Sorry for the non AMT related post... Go POC's
LOL no rules saying posts have to be AMT related I suppose

On that note are you talkin mt4 tick volume looking at daily bars?

Edit:

May I just point out that my professor for strategic mgt just went through 3 1/2 hours of lecture without so much as changing his facial expression once or even altering the pitch of his voice. I was literally bored to tears = crying real tears uncontrollably from sheer boredom

The only reason I stayed was because the value of the lecture was undeniable. It was the first time a lot of my peers heard of alternate forms of capitalism. The professor highlighted the differences in capitalism between Japan, Germany, and the US. He focused on everything from time horizon to make a profit, CEO compensation, to job security.

I am absolutely astonished that this is the first time we're being exposed to some of these interesting ideas. For example by law in Germany, large corporations' board of directors is split between reps for shareholders and reps for the employee's. In Japan the long term outlook and loyalty and co-operation between corporations is unheard of over here in the states.
  • #1,746
  • Apr 7, 2011 9:03pm Apr 7, 2011 9:03pm
If you were wondering about the definition of style:

Inserted Video
  • #1,747
  • Apr 7, 2011 9:05pm Apr 7, 2011 9:05pm
Quoting frankkn
Hey tgwhbb any way you can get prev week's HLC in your IB indi? Maybe even the week's IB?

Gets tiresome drawing in those HLCs.

For those that don't look at these pop in last week's high and take a look at today's PA
i've been trying to work on the weekly IB for the indi, but work is keeping too busy lately...well, that's mainly because i trade during the day and catch up on work at night ...
Change is the only constant
  • #1,748
  • Apr 7, 2011 9:15pm Apr 7, 2011 9:15pm
Quoting frankkn
If you were wondering about the definition of style:

http://www.youtube.com/watch?v=9DgzI-8tECU&feature=fvst
love it

KG
  • #1,749
  • Apr 7, 2011 9:29pm Apr 7, 2011 9:29pm
I actually coded the IB into MP text, thanks to the MP text sessions indicator. It's a little crash-potent right now so I'm hesitant to distribute. But it does show IB for day, week, month or year - dependent upon what time frame you set the indi to..

Oh and, I can also code IB X 2 into it. I'm no pro like Bandung so sometimes I wind up with MT4 crashing, then every time I open it, it immediately shuts back down -- any ideas?

I feel like I'm *this close* lol
  • #1,750
  • Apr 7, 2011 10:00pm Apr 7, 2011 10:00pm
Quoting frankkn
If you were wondering about the definition of style:

http://www.youtube.com/watch?v=9DgzI-8tECU&feature=fvst
ah.., he's old but.... look at that hand...
...
  • #1,751
  • Apr 7, 2011 10:25pm Apr 7, 2011 10:25pm
Quoting tgwhbb
i've been trying to work on the weekly IB for the indi, but work is keeping too busy lately...well, that's mainly because i trade during the day and catch up on work at night ...
ok, got around to it...here is a new version - and new name - of the Initial Balances. This one includes daily IB, plus 1.5x, 2x, and 3x extensions with options to turn them off. It also includes weekly IB and DIBH/L.

For the weekly, in order to try and keep charts clean, the IB/DIB gets drawn on the left edge of your chart. I figured this way it leaves less clutter since its really only there as a reference...

Next step will be to add Steidlmayer formula for calculating extensions...

EDIT: added screen shot

send any comments for improvement my way...
Attached Image (click to enlarge)
Click to Enlarge Name: Snap1.png Size: 79 KB
Attached File(s)
File Type: mq4 Initial Balances.mq4   11 KB | 580 downloads
Change is the only constant
  • #1,752
  • Apr 7, 2011 10:29pm Apr 7, 2011 10:29pm
Quoting tgwhbb
ok, got around to it...here is a new version - and new name - of the Initial Balances....
Awesome

Does it do previous week HLC?
  • #1,753
  • Edited 10:39pm Apr 7, 2011 10:32pm | Edited 10:39pm
In mind over markets, it talk about the "peanut butter extravaganza" sales theory, last night is good example that can fit into it. since asia session price keep on auction down seeking for buyer beyond DBY value low at 1.4274 (but when i check TOS 30 min chart TPO VAL is at 1.4260, is different from bandung again)
p.s. Bandung - wednesday Value area is seems like cover 60% of the total body, possible to double check the formula of calculation again?)

so when price get back to 1.4274 it fill my pending order. and after a few test in US session, it finally heading for Weekly IBH target at 1.4387.

I have 2 position take profit at 1.4387 now move SL to 1.4352 right below the 30 min no supply bar. Will let the remaining 1 position run it course.

I think I am almost done for the week with 2 good trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4enter.gif Size: 64 KB
Click to Enlarge Name: 4TOS tpo.jpg Size: 124 KB
  • #1,754
  • Apr 7, 2011 10:32pm Apr 7, 2011 10:32pm
These cats behind me on the couch...
Attached Image
  • #1,755
  • Apr 7, 2011 10:50pm Apr 7, 2011 10:50pm
^^^^^^^^^lol i know that feeling^^^^^^^^^
  • #1,756
  • Apr 7, 2011 10:58pm Apr 7, 2011 10:58pm
Quoting tgwhbb

send any comments for improvement my way...
You are the MAN!!!
  • #1,757
  • Apr 7, 2011 11:00pm Apr 7, 2011 11:00pm
Quoting alexm
In mind over markets, it talk about the "peanut butter extravaganza" sales theory, last night is good example that can fit into it. since asia session price keep on auction down seeking for buyer beyond DBY value low at 1.4274 (but when i check TOS 30 min chart TPO VAL is at 1.4260, is different from bandung again)
p.s. Bandung - wednesday Value area is seems like cover 60% of the total body, possible to double check the formula of calculation again?)

so when price get back to 1.4274 it fill my pending order. and after a few test in US...
if i'm not wrong, tos using Sydney open as starting day or after NY close.

what is your broker day start hour ?
...
  • #1,758
  • Apr 7, 2011 11:14pm Apr 7, 2011 11:14pm
Quoting bandung
if i'm not wrong, tos using Sydney open as starting day or after NY close.

what is your broker day start hour ?
Hi Bandung,

It is 7.00 ET, I checked TOS the cut off time in their chart is 5.00 but I'm not sure they use GMT or ET.
  • #1,759
  • Apr 7, 2011 11:16pm Apr 7, 2011 11:16pm
Quoting alexm
Hi Bandung,

It is 7.00 ET, I checked TOS the cut off time in their chart is 5.00 but I'm not sure they use GMT or ET.
TOS using your local time on the chart...

I got 11.00 ...
...
  • #1,760
  • Apr 7, 2011 11:27pm Apr 7, 2011 11:27pm
T or jamie,

The Weekly initial balance price action move like a mini session IB each day, using IB level as support and resistance...

Now I am trying to work out the Monthly and Yearly IB.

What a discovery!!!
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