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Auction Market Theory and Market Profile

  • #2,141
  • Apr 27, 2011 11:52am Apr 27, 2011 11:52am
ok, a learning exercise...as per previous posts, I was long at 4640 and closed out at 4660, although my original targets were VAH @ 4687 and WIBH at 4713.

Better trade management would have kept me in the trade and resulted in greater gain as it appears my 2nd target is in sight now...but as i was out i missed the shakeout (as planned) but also missed the move.

My comment on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 2011-04-27 at 12.43.21 PM.png Size: 91 KB
Change is the only constant
  • #2,142
  • Apr 27, 2011 12:14pm Apr 27, 2011 12:14pm
Quoting tgwhbb
ok, a learning exercise...as per previous posts, I was long at 4640 and closed out at 4660, although my original targets were VAH @ 4687 and WIBH at 4713.

Better trade management would have kept me in the trade and resulted in greater gain as it appears my 2nd target is in sight now...but as i was out i missed the shakeout (as planned) but also missed the move.

My comment on the chart.
I thought you'd take that rejection of the ny session 1x extention. Most times a rejuection will take back atleast to the ny IB low, were you were above that when you bailed? Still, that would have been a beautiful trade!
The thing is you were right in your original analysis . The more time goes by its not hard to start questioning your decisions.
Markets are not efficient, rather they are effective - Jones
  • #2,143
  • Apr 27, 2011 12:28pm Apr 27, 2011 12:28pm
Quoting mzvega
I thought you'd take that rejection of the ny session 1x extention. Most times a rejuection will take back atleast to the ny IB low, were you were above that when you bailed? Still, that would have been a beautiful trade!
The thing is you were right in your original analysis . The more time goes by its not hard to start questioning your decisions.
i was above the NY IB low when i closed the trade...now the trick is going to be getting back in at a good location...i think that will have to wait till early asia now...
Change is the only constant
  • #2,144
  • Apr 27, 2011 1:50pm Apr 27, 2011 1:50pm
If I was trading today Id probably take a short on the breakdown of wibh which is also previous days vah. Daily profile looks pretty balanced, kind of b shaped, making me believe long liquidation, Traders too long. also, todays vah is still inside yestdays value. Today I dont see that value is any more higher than yest. Not sure what to make of it. The weekly profile is looking strange.
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Markets are not efficient, rather they are effective - Jones
  • #2,145
  • Apr 27, 2011 1:54pm Apr 27, 2011 1:54pm
Quoting mzvega
If I was trading today Id probably take a short on the breakdown of wibh which is also previous days vah. Daily profile looks pretty balanced, kind of b shaped, making me believe long liquidation, Traders too long. also, todays vah is still inside yestdays value. Today I dont see that value is any more higher than yest. Not sure what to make of it. The weekly profile is looking strange.
in the spirit of debate, i'm looking for a long somewhere near todays VAH/POC as marked.

My chart showing clearly higher value with NO overlap from yesterday. profiles using GMT 0 as start.
Attached Image (click to enlarge)
Click to Enlarge Name: EU TPO D 2011-04-27 at 2.50.17 PM.png Size: 80 KB
Change is the only constant
  • #2,146
  • Apr 27, 2011 1:55pm Apr 27, 2011 1:55pm
Bilstein,
RF , qclose are very helpful.Is it possible to display TPO count in MP profile?
Thanks
  • #2,147
  • Apr 27, 2011 2:20pm Apr 27, 2011 2:20pm
Quoting tgwhbb
in the spirit of debate, i'm looking for a long somewhere near todays VAH/POC as marked.

My chart showing clearly higher value with NO overlap from yesterday. profiles using GMT 0 as start.
Ok Im not liking this, Ive got a problem. Not sure how to figure this out?
If I load an older indi I get your view. Im going to have to sort this out
Markets are not efficient, rather they are effective - Jones
  • #2,148
  • Apr 27, 2011 2:31pm Apr 27, 2011 2:31pm
Quoting mzvega
Ok Im not liking this, Ive got a problem. Not sure how to figure this out?
If I load an older indi I get your view. Im going to have to sort this out
i think i'm going to have to revise my long entry higher...
Change is the only constant
  • #2,149
  • Apr 27, 2011 2:41pm Apr 27, 2011 2:41pm
I have loaded ay-mptextv1.02 (Far left) The middle Bangdungs ay-tpo chart v1.01 and last , Bil's update, no difference in the profile shape. Can someone post a chart to give me another profile to compare? Im stumped.
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Markets are not efficient, rather they are effective - Jones
  • #2,150
  • Apr 27, 2011 2:51pm Apr 27, 2011 2:51pm
Quoting tgwhbb
i think i'm going to have to revise my long entry higher...
this is annoying...always miss the big moves...need to better my exits.
Change is the only constant
  • #2,151
  • Apr 27, 2011 3:00pm Apr 27, 2011 3:00pm
anyone using bandung's latest indi - TPOchart v1.01 - for weekly profiles, I suggest changing the following input parameter: WeeklyIBNumBars from 2 to 3. the default setting of 2 only takes into account sunday and monday and not tuesday.
Change is the only constant
  • #2,152
  • Edited 3:12pm Apr 27, 2011 3:11pm | Edited 3:12pm
Quoting tgwhbb
anyone using bandung's latest indi - TPOchart v1.01 - for weekly profiles, I suggest changing the following input parameter: WeeklyIBNumBars from 2 to 3. the default setting of 2 only takes into account sunday and monday and not tuesday.
Good observation, Im still stuck on the Daily value areas being different, Im trying to find a va calculator. This concerns me. I hope I dont have figure this out longhand.

Any ideas or suggusetions would be greatly appreciated!
Markets are not efficient, rather they are effective - Jones
  • #2,153
  • Apr 27, 2011 3:12pm Apr 27, 2011 3:12pm
market profile humor
Attached Image
Change is the only constant
  • #2,154
  • Apr 27, 2011 3:19pm Apr 27, 2011 3:19pm
I found an va caluclator, I just cant figure out to right format for cutting and pasting the historical info from MT4. Any help or ideas to do this?

http://www.mypivots.com/calculators/...alculator.aspx
Markets are not efficient, rather they are effective - Jones
  • #2,155
  • Apr 27, 2011 3:21pm Apr 27, 2011 3:21pm
Quoting mzvega
Good observation, Im still stuck on the Daily value areas being different, Im trying to find a va calculator. This concerns me. I hope I dont have figure this out longhand.

Any ideas or suggusetions would be greatly appreciated!
for what it's worth, attached is bandungs original indi - ay-MarketProfileDWM - using volume (and not time) shows no overlapping VA. But TPO based profile shows overlap.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU VPO 2011-04-27 at 4.13.23 PM.png Size: 84 KB
Click to Enlarge Name: EU old TPO 2011-04-27 at 4.20.29 PM.png Size: 69 KB
Change is the only constant
  • #2,156
  • Apr 27, 2011 3:32pm Apr 27, 2011 3:32pm
Quoting tgwhbb
for what it's worth, attached is bandungs original indi - ay-MarketProfileDWM - using volume (and not time) shows no overlapping VA. But TPO based profile shows overlap.
I can see the differences are begining to make more sense. I just changed the new indi to vol. profile, but the va is still the same.
Markets are not efficient, rather they are effective - Jones
  • #2,157
  • Apr 27, 2011 5:53pm Apr 27, 2011 5:53pm
Quoting skyscraper
Bilstein,
RF , qclose are very helpful.Is it possible to display TPO count in MP profile?
Thanks
Sorry, been at work today.

I've been trying to get in touch with Bandung on where he stores those variables and also just trying to figure it out myself. As soon as I do or he gets back in touch with me, I'll hook it up!
:nerd:
  • #2,158
  • Apr 27, 2011 6:02pm Apr 27, 2011 6:02pm
Quoting tgwhbb
for what it's worth, attached is bandungs original indi - ay-MarketProfileDWM - using volume (and not time) shows no overlapping VA. But TPO based profile shows overlap.

I believe that occurs because the 70% of TPO's is a different value from 70% of volume. Personally, I can understand TPO's, it's simple: If price occurs here, draw a letter.

In terms of the volume profile... I don't get how he calculated that because as far as I'm aware, volume at price is not available data so he probably manipulates tick counts to get that data. As for it's accuracy, I can't attest. I'm simply stating I don't understand it.

  • #2,159
  • Apr 27, 2011 7:54pm Apr 27, 2011 7:54pm
Just an observation with last night price action, marked a, my guess is certain trader who have deep pocket are hunting for stop, and it only take 5 min to do the job.

Classic example of James Dalton favorite phrase, market need to "break to rally" and "rally to break."

Will hold my position till London Open to see what is the reaction of "over night inventory."
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  • #2,160
  • Apr 27, 2011 8:29pm Apr 27, 2011 8:29pm
I can not for the life of me figure out why my va is lower to everybody else! I have all the same settings

I dont think time zone matters??? WTF!!!!
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Markets are not efficient, rather they are effective - Jones
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