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Auction Market Theory and Market Profile

  • #1,781
  • Apr 8, 2011 1:55pm Apr 8, 2011 1:55pm
Quoting tgwhbb
i'll try to add that over the weekend...
I would apreciate it. I love that indi. so much.
Markets are not efficient, rather they are effective - Jones
  • #1,782
  • Apr 8, 2011 2:40pm Apr 8, 2011 2:40pm
Quoting mzvega
I sent you Pm of what I did, I dont want to repost it if I did something wrong again
doh! now i see, you not only added the 4th extension, but used the right formula! those were the formulas i planned to use as per this post: http://www.forexfactory.com/showpost...postcount=1544

guess that's what happens when your write these things late at night
Change is the only constant
  • #1,783
  • Apr 8, 2011 2:48pm Apr 8, 2011 2:48pm
Quoting tgwhbb
doh! now i see, you not only added the 4th extension, but used the right formula! those were the formulas i planned to use as per this post: http://www.forexfactory.com/showpost...postcount=1544

guess that's what happens when your write these things late at night
Sorry for the spam, couldnt figure that messaging thing out
Markets are not efficient, rather they are effective - Jones
  • #1,784
  • Apr 8, 2011 2:50pm Apr 8, 2011 2:50pm
man, EU is really pushing it! GO EU GO !!! now really upset i was out the last 2 days
Change is the only constant
  • #1,785
  • Apr 8, 2011 2:59pm Apr 8, 2011 2:59pm
Quoting tgwhbb
man, EU is really pushing it! GO EU GO !!! now really upset i was out the last 2 days
I had a couple little trades. Closed -neg. But it was a good week. I need to regroup get ready for next week. The market dynamic has changed considerably. I need to get a look at my charts with fresh eyes.
Markets are not efficient, rather they are effective - Jones
  • #1,786
  • Apr 11, 2011 12:25am Apr 11, 2011 12:25am
Ive decided to enter a very small short position. I was short fri. but didnt want to leave open trades over the weekend. As per basic MP set up I would think a test of previous wks vah or poc. I maybe wrong. I still have that bearish bias based off the quarterly. Because of timezone, Ill set a sl @1.4491 area as I get the majority of my sleep during UK session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mon short.jpg Size: 248 KB
Click to Enlarge Name: mon shortd.jpg Size: 210 KB
Markets are not efficient, rather they are effective - Jones
  • #1,787
  • Apr 11, 2011 4:03am Apr 11, 2011 4:03am
Hi vega,

Same here, I short at 1.4451, just thinking from "other time frame point of view". most likely they will not but at this level, and patiently waiting for another "extravaganza sales" just like my mum going for shopping in Tesco or Walmart. My short potential target level are monthly dVAH 1.4343 or dPOC 1.4223

"May be" it take 2 day to reach there, establish it weekly IB, and continue the train ride to 1.4660
  • #1,788
  • Apr 11, 2011 5:18am Apr 11, 2011 5:18am
Quoting tgwhbb
i'll try to add that over the weekend...
It will be fantastic if you could add the right formulas for calculating the IB extensions to your first indi, the one with session averages for Tokyo, London and USA. I appreciate your work. Thanks in advance.
  • #1,789
  • Apr 11, 2011 8:29am Apr 11, 2011 8:29am
Quoting FXing
It will be fantastic if you could add the right formulas for calculating the IB extensions to your first indi, the one with session averages for Tokyo, London and USA. I appreciate your work. Thanks in advance.
yeah, realized that on Friday...don't know what happened there...anyway, here's the indi with the right formulas for IB extensions, and I reduced the line lengths as well to reduce clutter. For the weekly IB, they are now drawn both vertically and horizontally because I found the vertical only wasn't apparent enough on the chart...

still haven't added back the average's, and i'm on a business trip this week so not sure how much time i'll have to add that in...

EDIT: if you want to show more (or less) than 3 extensions, change hte IB_Extension_Count input parameter
Attached File(s)
File Type: mq4 Initial Balances.mq4   12 KB | 520 downloads
Change is the only constant
  • #1,790
  • Apr 11, 2011 8:38am Apr 11, 2011 8:38am
Quoting alexm
Hi vega,

Same here, I short at 1.4451, just thinking from "other time frame point of view". most likely they will not but at this level, and patiently waiting for another "extravaganza sales" just like my mum going for shopping in Tesco or Walmart. My short potential target level are monthly dVAH 1.4343 or dPOC 1.4223

"May be" it take 2 day to reach there, establish it weekly IB, and continue the train ride to 1.4660

I like your analysis! I perhaps may close that short. Not because my bias has changed, but I closed a couple shorts for the weekend. so I wanted to take something off the table. Just to handle that loss. It will leave me able to take advantage of any counter trade. New session, Ill look to see if I can re enter. That "On Sale" concept makes so much sense. I just dont see it ATM. Q, mn, wk, daily, in realtion to value, imo, all opened above value, "overpriced" Lets see what this session brings
Markets are not efficient, rather they are effective - Jones
  • #1,791
  • Apr 11, 2011 8:43am Apr 11, 2011 8:43am
Quoting tgwhbb
yeah, realized that on Friday...don't know what happened there...anyway, here's the indi with the right formulas for IB extensions, and I reduced the line lengths as well to reduce clutter. For the weekly IB, they are now drawn both vertically and horizontally because I found the vertical only wasn't apparent enough on the chart...

still haven't added back the average's, and i'm on a business trip this week so not sure how much time i'll have to add that in...

EDIT: if you want to show more (or less) than 3 extensions, change hte IB_Extension_Count...
Thank you very much for your effort. When you have enough time it will be great to have it all. By the way, a little bug, the options "Show_nx_Target" don't work properly. I hope you'll fix all this when you have time. Thank you very much.

Edit: Sorry, my mistake, you have to ser the number of extensions you want to see too. Thanks.
  • #1,792
  • Apr 11, 2011 8:46am Apr 11, 2011 8:46am
Quoting tgwhbb
yeah, realized that on Friday...don't know what happened there...anyway, here's the indi with the right formulas for IB extensions, and I reduced the line lengths as well to reduce clutter. For the weekly IB, they are now drawn both vertically and horizontally because I found the vertical only wasn't apparent enough on the chart...

still haven't added back the average's, and i'm on a business trip this week so not sure how much time i'll have to add that in...

EDIT: if you want to show more (or less) than 3 extensions, change hte IB_Extension_Count...

Right On! I will test this out ASAP! I appreciate it greatly
Markets are not efficient, rather they are effective - Jones
  • #1,793
  • Apr 11, 2011 8:54am Apr 11, 2011 8:54am
Quoting FXing
Thank you very much for your effort. When you have enough time it will be great to have it all. By the way, a little bug, the options "Show_nx_Target" don't work properly. I hope you'll fix all this when you have time. Thank you very much.

Edit: Sorry, my mistake, you have to ser the number of extensions you want to see too. Thanks.
the Show_nx_target paramter is no longer used, instead i loop through the number of extensions you want to show...and ive removed the half extensions (1.5, etc) as it makes the screen too cluttered.
Change is the only constant
  • #1,794
  • Edited 10:31am Apr 11, 2011 10:30am | Edited 10:31am
I was short @1.44573 and just added @1.4450. Looking to close one at a retrace for small profit, and let the other one run for a while. Ill see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: mon shortadd.jpg Size: 135 KB
Markets are not efficient, rather they are effective - Jones
  • #1,795
  • Edited 11:51am Apr 11, 2011 11:20am | Edited 11:51am
Quoting mzvega
I was short @1.44573 and just added @1.4450. Looking to close one at a retrace for small profit, and let the other one run for a while. Ill see how it goes
looks like we are gonna have a balanced and narrow range and value area today or (non trend day), tomorrow will be an interesting day to observe.

My view is a deeper retrace to the 1.4350 area and do some business to fill up d space. (on monthly profile)
  • #1,796
  • Apr 11, 2011 2:16pm Apr 11, 2011 2:16pm
What a great work have all you done with this thread, it's terrific.

Especial thanks to Frankkn, Tgwhbb, Bandung, Mzvega, ...

I had been thinking about paying eSignal data feed in order to use it with Ninja Trader for using Market Profile and Volume indicators. Now I have found the best indicators for Market Profile I have ever seen for MT4, I can promise you I have been looking for a while.

Thank you again and please ... KEEP GOING ON.

P.D.- Excuse for my English from Spain. ;-)
  • #1,797
  • Apr 11, 2011 2:29pm Apr 11, 2011 2:29pm
Quoting alexm
looks like we are gonna have a balanced and narrow range and value area today or (non trend day), tomorrow will be an interesting day to observe.

My view is a deeper retrace to the 1.4350 area and do some business to fill up d space. (on monthly profile)
We could see as low as 4310-4300 area, last week's VAH. But I'm more curious to see what happens at the LVN (circled) area between 4340-4380. I think EU will probably spend some time there to build up the area.
Attached Image (click to enlarge)
Click to Enlarge Name: EU W TPO 2011-04-11 at 3.27.11 PM.png Size: 190 KB
Change is the only constant
  • #1,798
  • Apr 11, 2011 2:37pm Apr 11, 2011 2:37pm
Quoting FXing
What a great work have all you done with this thread, it's terrific.

Especial thanks to Frankkn, Tgwhbb, Bandung, Mzvega, ...

I had been thinking about paying eSignal data feed in order to use it with Ninja Trader for using Market Profile and Volume indicators. Now I have found the best indicators for Market Profile I have ever seen for MT4, I can promise you I have been looking for a while.

Thank you again and please ... KEEP GOING ON.

P.D.- Excuse for my English from Spain. ;-)
hey FXing, don't be shy to post your thoughts and analysis here
Change is the only constant
  • #1,799
  • Apr 11, 2011 3:15pm Apr 11, 2011 3:15pm
Quoting tgwhbb
We could see as low as 4310-4300 area, last week's VAH. But I'm more curious to see what happens at the LVN (circled) area between 4340-4380. I think EU will probably spend some time there to build up the area.
hhhmmm......thats a very good question. LVN= a place where no one was interested in doing business. I would assume If buyers were interested that area would be filled with buying vol. If sellers were interested I believe we be back in value. The previous weeks profile somewhat has that B profile possiblly indicating a liquidation of longs on that higher tf looking to close old longs. This week starting to look P , short coverings. Im not very strong with the P&B profiles. Any ideas, or comments? Im just guessing atm. still trying to wrap my mind around todays price action.
Markets are not efficient, rather they are effective - Jones
  • #1,800
  • Apr 11, 2011 4:56pm Apr 11, 2011 4:56pm
Quoting mzvega
I was short @1.44573 and just added @1.4450. Looking to close one at a retrace for small profit, and let the other one run for a while. Ill see how it goes
Closed both previous shorts @1.4430 and opened a small short. Maybe not so smart, but I needed to take some kind of profit of the table. Not the best time of day but its a small trade.
Attached Image (click to enlarge)
Click to Enlarge Name: mon shortadd2.jpg Size: 145 KB
Markets are not efficient, rather they are effective - Jones
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