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Auction Market Theory and Market Profile

  • #1,981
  • Apr 19, 2011 6:10am Apr 19, 2011 6:10am
Quoting bandung
you're an innovator man...
i'm just an early adaptor/majority i guess... long @1.4236

according to JD's DIFFUSION MODEL :
1. innovators
2. early adopters
3. early majority
4. late majority
5. laggards

upps.. my post became 2 posts when i edited..
U r one fast learner Bandung, I'm still trying to digest what James said.
  • #1,982
  • Apr 19, 2011 7:39am Apr 19, 2011 7:39am
Quoting bandung
guys..

there is a bug, some VA's profile is not correctly calculated.

check EU Mon VA, it should be like image below..

replace the ay.mplib100.mq4 in folder libraries with this new one..
Im confused! Didnt we open this month, above last months vah from your indi. That photo looks like the daily profiles? I thought I was looking for a return last mvah. Bandung is that the right photo?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-mon-profile.png Size: 42 KB
Click to Enlarge Name: mon.jpg Size: 245 KB
Markets are not efficient, rather they are effective - Jones
  • #1,983
  • Apr 19, 2011 7:58am Apr 19, 2011 7:58am
I think he means EU Mon (Monday). The pic is accurate for daily profiles.

  • #1,984
  • Edited 8:08am Apr 19, 2011 8:05am | Edited 8:08am
Quoting Bilstein
I think he means EU Mon (Monday). The pic is accurate for daily profiles.

Duh!!!! Thank you for pointing that out to me!
Its still morning for me....
Markets are not efficient, rather they are effective - Jones
  • #1,985
  • Edited 8:49am Apr 19, 2011 8:42am | Edited 8:49am
I took a couple of shorts this morning, alittle prematurely. I just added another one. My reasoning we open inside yest. va(balanced) prices are considerd fair, value closed lower on higher volume than the previous day. Even though price moved away my original entries, I felt it safe to reenter as we fail to move above yest. vah. I maybe wrong, Ill bail if I see strenghth at yest vah.
Attached Image (click to enlarge)
Click to Enlarge Name: monshorts.jpg Size: 326 KB
Markets are not efficient, rather they are effective - Jones
  • #1,986
  • Apr 19, 2011 10:34am Apr 19, 2011 10:34am
Quoting mzvega
Duh!!!! Thank you for pointing that out to me!
Its still morning for me....
ya.. Bil was right, I mean Monday Profile...
Attached Image (click to enlarge)
Click to Enlarge Name: vega-mp.png Size: 353 KB
...
  • #1,987
  • Apr 19, 2011 11:13am Apr 19, 2011 11:13am
Quoting bandung
ya.. Bil was right, I mean Monday Profile...
I have all these wonderful new indicators , Im still trying to update all my templates and chart settings, I wasnt paying attention! Again, you have my utmost gratitude
Markets are not efficient, rather they are effective - Jones
  • #1,988
  • Apr 19, 2011 12:24pm Apr 19, 2011 12:24pm
Quoting frankkn
Hello traders,

I'll have some time to trade NY tomorrow (while doing school work lol)

Here's my long-term view.

We're still one one time framing on the monthly profile (this is a 4h EU chart with monthly TPO)

Price hasn't quite made it to last months VAH, but came close (roughly 50 pips) Regardless price is at bargain prices ATM, time to watch volume and price closely.
atm...I keep talking to my self... this up move, today, is supported by the other timeframe trader (monthly)
Attached Image (click to enlarge)
Click to Enlarge Name: eu-monthly-profile-april.png Size: 54 KB
...
  • #1,989
  • Apr 19, 2011 12:37pm Apr 19, 2011 12:37pm
Quoting mzvega
I have all these wonderful new indicators , Im still trying to update all my templates and chart settings, I wasnt paying attention! Again, you have my utmost gratitude

ah miss vega... thank you for your kind words.
...
  • #1,990
  • Edited 1:00pm Apr 19, 2011 12:40pm | Edited 1:00pm
Quoting mzvega
I took a couple of shorts this morning, alittle prematurely. I just added another one. My reasoning we open inside yest. va(balanced) prices are considerd fair, value closed lower on higher volume than the previous day. Even though price moved away my original entries, I felt it safe to reenter as we fail to move above yest. vah. I maybe wrong, Ill bail if I see strenghth at yest vah.
I am not quite ready to abandon my shorts. I find it interesting that each session failed to meet its DIBH. That means imo not much com.participation in driving prices very far outside IB for their sessions. Even Ny has failed to push prices above its DIBL @1.43502. If com. arent driving prices, I doubt the retail buyers can extend that range, at this time of the trading session. But I will bail on a good close above ny sessions DIBH. Any thoughts or opinions? Other than my bad timing....

Edit:Add: Also, yest. we devolped value lower on higher vol., more vol. that took value lower. I cant help but to see that as bearish. Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: monshorts out area.jpg Size: 305 KB
Markets are not efficient, rather they are effective - Jones
  • #1,991
  • Apr 19, 2011 12:47pm Apr 19, 2011 12:47pm
Quoting alexm
U r one fast learner Bandung, I'm still trying to digest what James said.

not faster than you...
now your pocket full of Kryptonite ... still holding your long mate?

Inserted Video
...
  • #1,992
  • Apr 19, 2011 12:55pm Apr 19, 2011 12:55pm
Quoting bandung
atm...I keep talking to my self... this up move, today, is supported by the other timeframe trader (monthly)
Interesting...... Now, I see current poc, lots of volume. The only thing that makes me think is...... if everybody is long @mpoc, where will all the new buyers come from to drive prices higher? Unless someone sells & takes profits. Im just thinking outloud. I think we need to test previous months vah for retest or fresh pool of longer term buyers.
Markets are not efficient, rather they are effective - Jones
  • #1,993
  • Apr 19, 2011 3:24pm Apr 19, 2011 3:24pm
Quoting bandung
ya.. Bil was right, I mean Monday Profile...
Hi Bandung. I'm using your "ay-MarketProfileDWM.v1.31.rev1.mq4" indicator. The value area for Monday profile is VAH:1.4336 and VAL:1.4157. I'm using 5M for "DailyProfileDataTF" input. I think it's wrong. Please, Could you confirm it?. Thanks.
  • #1,994
  • Apr 19, 2011 3:55pm Apr 19, 2011 3:55pm
Quoting bandung
guys..

there is a bug, some VA's profile is not correctly calculated.

check EU Mon VA, it should be like image below..

replace the ay.mplib100.mq4 in folder libraries with this new one..
By the way, Could you tell me what indicator/version are you using in that graph???. I can't get that in my MT4. Thank you very much.
  • #1,995
  • Edited 6:05pm Apr 19, 2011 5:52pm | Edited 6:05pm
Quoting bandung
not faster than you...
now your pocket full of Kryptonite ... still holding your long mate?

http://www.youtube.com/watch?v=TphldTrKm7k
Hi bandung,

I decided to take profit at 4360, because this is last week IBL now become resistant, crazy week. but learn a hell lot of new insight from MP.

May be a huge bracket is going to form around 4520 to 4150. Just a thought.

Enjoy this song mate, d dollar might come back to kick some ass. when all of us think euro will go up forever.
Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: 8 close all at 4360.gif Size: 26 KB
  • #1,996
  • Apr 19, 2011 6:14pm Apr 19, 2011 6:14pm
Quoting mzvega
Interesting...... Now, I see current poc, lots of volume. The only thing that makes me think is...... if everybody is long @mpoc, where will all the new buyers come from to drive prices higher? Unless someone sells & takes profits. Im just thinking outloud. I think we need to test previous months vah for retest or fresh pool of longer term buyers.

march vah is good place for that. but what i saw is that the other timeframe trader is defending the March Close...
...
  • #1,997
  • Apr 19, 2011 6:14pm Apr 19, 2011 6:14pm
Quoting alexm
Hi bandung,

I decided to take profit at 4360, because this is last week IBL now become resistant, crazy week. but learn a hell lot of new insight from MP.

May be a huge bracket is going to form around 4520 to 4150. Just a thought.

Enjoy this song mate, d dollar might come back to kick some ass. when all of us think euro will go up forever.
http://www.youtube.com/watch?v=uHc9P...eature=related
I got smashed today, you must have been on the other side of my trade!. I closed all my shorts except for the one. Great trade!
Markets are not efficient, rather they are effective - Jones
  • #1,998
  • Apr 19, 2011 6:33pm Apr 19, 2011 6:33pm
Quoting bandung
march vah is good place for that. but what i saw is that the other timeframe trader is defending the March Close...

Maybe it would help if I had a Monthly chart on the screen....
Markets are not efficient, rather they are effective - Jones
  • #1,999
  • Apr 19, 2011 6:59pm Apr 19, 2011 6:59pm
Quoting bandung
march vah is good place for that. but what i saw is that the other timeframe trader is defending the March Close...
I agree I've had a LO at march VAH that was missed by about 40 pips.

Hopefully price will go back there to look for more longs. I've closed my LO and will be hoping for something.

While doing school work I was watching all the hubub but didn't see a safe enough entry.
  • #2,000
  • Apr 19, 2011 7:07pm Apr 19, 2011 7:07pm
Quoting alexm
Hi bandung,

I decided to take profit at 4360, because this is last week IBL now become resistant, crazy week. but learn a hell lot of new insight from MP.

May be a huge bracket is going to form around 4520 to 4150. Just a thought.

Enjoy this song mate, d dollar might come back to kick some ass. when all of us think euro will go up forever.
http://www.youtube.com/watch?v=uHc9P...eature=related
haha.. i like uncle Bruce too...

well done bro.. 175 to 360.. mmh yummy Tuesday

what is your last week IBL Alex?
...
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