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Auction Market Theory and Market Profile

  • #2,001
  • Apr 19, 2011 9:19pm Apr 19, 2011 9:19pm
this 15 minute pin bar is tempting....
i sell stop below it low.. and let see ...
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  • #2,002
  • Apr 19, 2011 9:26pm Apr 19, 2011 9:26pm
Quoting FXing
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.

hi fxing,

different DailyProfileDataTF can produce different mp level.

I always use m30 data for daily profile, and I try to be consistent with it.
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  • #2,003
  • Apr 19, 2011 9:29pm Apr 19, 2011 9:29pm
Quoting bandung
this 15 minute pin bar is tempting....
i sell stop below it low.. and let see ...

High volume up thrust after a buying climax followed by a couple no demands. I saw that shit too bra but I'm sitting on my hands.

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  • #2,004
  • Edited 9:32pm Apr 19, 2011 9:30pm | Edited 9:32pm
Quoting bandung
haha.. i like uncle Bruce too...

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

what is your last week IBL Alex?
last weekly IBL is tuesday low at 4376, now monday and tuesday (high to low) is very important to me to chart the destiny of the week.

p.s. I listen to this song over 10 times today....and trying to understand it lyrics.
  • #2,005
  • Apr 19, 2011 9:33pm Apr 19, 2011 9:33pm
BTW those NDs I mentioned are on the 5m

They are way outside of this weeks developing value area, the reason I'm not smashin the bid is that this month's developing point of control is still about 45 pips above us, along with last week's value area low. I wouldn't be suirprised to see her drop but it's not safe enough for me.

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  • #2,006
  • Apr 19, 2011 9:40pm Apr 19, 2011 9:40pm
Quoting alexm
last weekly IBL is tuesday low at 4376, now monday and tuesday (high to low) is very important to me to chart the destiny of the week.

p.s. I listen to this song over 10 times today....and trying to understand it lyrics.
Lemme do you a favor my man, focus on this instead

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  • #2,007
  • Apr 19, 2011 9:47pm Apr 19, 2011 9:47pm
Quoting bandung
this 15 minute pin bar is tempting....
i sell stop below it low.. and let see ...
I took that trade too. I dont have a target in mind, Im just scalping to cover my loses from the previous session.
Attached Image (click to enlarge)
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Markets are not efficient, rather they are effective - Jones
  • #2,008
  • Apr 19, 2011 9:49pm Apr 19, 2011 9:49pm
Here's a chart highlighting the VSA terms I was mentioning. Again I did not take this for the reasons I mentioned. If I'm gonna trade against the trend it had better be outside of a longer term value area (like the monthly)

A is upthrust (15m), B is no demand (15m), C and D are NDs

If you read this post you have to listen to this song

Look at the red volume to the left of A, that's not a perfect buying climax as the close is on the highs, but look at the next couple of bars (result of selling). One thing about VSA is that the volume takes some time to effect the market, it's not instantanious

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  • #2,009
  • Apr 19, 2011 9:54pm Apr 19, 2011 9:54pm
Quoting alexm
last weekly IBL is tuesday low at 4376, now monday and tuesday (high to low) is very important to me to chart the destiny of the week.

p.s. I listen to this song over 10 times today....and trying to understand it lyrics.
i guess this can help you... dealing with the lyrics..
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Click to Enlarge Name: bruce-biusa.PNG Size: 50 KB
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  • #2,010
  • Apr 19, 2011 10:12pm Apr 19, 2011 10:12pm
Del talks about trading

Just skip to 2:50 if you can't appreciate hip hop and he will talk to you about your art (FOREX)


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  • #2,011
  • Apr 19, 2011 10:21pm Apr 19, 2011 10:21pm
Quoting frankkn
Here's a chart highlighting the VSA terms I was mentioning....
at first i thought it Gorillaz... (i only know ...It's dare...)

thanks frank, great explanation.
when i decide to send a sell stop order is simply because the pin formed around monday high , prev week close and its val.
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  • #2,012
  • Apr 19, 2011 10:28pm Apr 19, 2011 10:28pm
Quoting mzvega
I took that trade too. I dont have a target in mind, Im just scalping to cover my loses from the previous session.
finally we're at the same boat....
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  • #2,013
  • Apr 19, 2011 10:32pm Apr 19, 2011 10:32pm
http://video.google.com/videoplay?do...7743434902428#
  • #2,014
  • Apr 19, 2011 10:55pm Apr 19, 2011 10:55pm
tari kecak everyone...

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  • #2,015
  • Apr 20, 2011 2:05am Apr 20, 2011 2:05am
Quoting bandung
this 15 minute pin bar is tempting....
i sell stop below it low.. and let see ...
my sl @high of the pin hit...
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  • #2,016
  • Apr 20, 2011 2:11am Apr 20, 2011 2:11am
Quoting bandung
tari kecak everyone...

http://www.youtube.com/watch?v=CX1rg...eature=related
great stuff. i saw this in ubud, bali some years ago. it was performed by the local desa.
did a trip through java, on to bali and lombok. been to bandung, too. tangkuban perahu, and the nice walk from the hot springs in ciater through the forest to bandung. loved it.
great country, great people, great food (martabak telor is my fav, yummy!!!).
meine augen sind die sterne
  • #2,017
  • Apr 20, 2011 2:38am Apr 20, 2011 2:38am
Quoting Islander
Will we get a retrace into yesterday's profile and its VPOC at 4373.......TWT, and it may be a bumpy ride http://www.forexfactory.com/images/icons/icon11.gif
well we did and the rally was strong and continued in the Asian Session...and there's some selling around an S&R level that I have ~4425....

Now we still have last Fridays VPOC at 4468, last week's VPOC at 4466 and the Monthly DPOC at 4443 and then the high at 4518, - the mauve box on my chart - so plenty of areas for a reversal......or will it break up to retest the top of the weekly channel and the 2010 high at 4578?....TWT
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Trading Levels with WRBs
  • #2,018
  • Apr 20, 2011 2:45am Apr 20, 2011 2:45am
Quoting bandung
my sl @high of the pin hit...
Pin bar was the devil of all time, I was hit left right center trading from 5min chart to 4 hr chart before.

In a up trend day, after 1 pin bar was formed (any time frame), if price dingdong for 4 to 5 bar and refuse to go down, and follow with a test down bar that close at the middle(to new ground) with low volume, (that is d fire alarm) to get out, even I'm negative a few pips. VSA trader are are spotting for opportunity like this all the time, as long as the market is open.
  • #2,019
  • Apr 20, 2011 2:47am Apr 20, 2011 2:47am
We had a pretty good upmove. By looking at the volume which brought up price, I'm not convinced we will break thru 4518 and chances are it comes back down. Let's see.

Quoting Islander
well we did and the rally was strong and continued in the Asian Session...and there's some selling around an S&R level that I have ~4425....

Now we still have last Fridays VPOC at 4468, last week's VPOC at 4466 and the Monthly DPOC at 4443 and then the high at 4518, - the mauve box on my chart - so plenty of areas for a reversal......or will it break up to retest the top of the weekly channel and the 2010 high at 4578?....TWT
  • #2,020
  • Apr 20, 2011 3:04am Apr 20, 2011 3:04am
Quoting alexm
Pin bar was the devil of all time, I was hit left right center trading from 5min chart to 4 hr chart before.

In a up trend day, after 1 pin bar was formed (any time frame), if price dingdong for 4 to 5 bar and refuse to go down, and follow with a test down bar that close at the middle(to new ground) with low volume, (that is d fire alarm) to get out, even I'm negative a few pips. VSA trader are are spotting for opportunity like this all the time, as long as the market is open.
Ya i saw that dingdong... but there is another devil in my head
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