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Auction Market Theory and Market Profile

  • #2,181
  • Apr 28, 2011 9:07am Apr 28, 2011 9:07am
Volume: fully agree. Took also the long @ 4792.
Good job!

Quoting tgwhbb
limit order filled...still holding it....
  • #2,182
  • Apr 28, 2011 9:15am Apr 28, 2011 9:15am
Quoting Oxford
Volume: fully agree. Took also the long @ 4792.
Good job!
i'm now +48 on one and +3 on the other. target still weekly DIBH. What's yours?
Change is the only constant
  • #2,183
  • Apr 28, 2011 9:22am Apr 28, 2011 9:22am
Took it out after the upthrust on m5 (1405 GMT). Wait for this hour close to see how we end after the climax on hourly. If current level keeps, we may see a onetimeframe.

Quoting tgwhbb
i'm now +48 on one and +3 on the other. target still weekly DIBH. What's yours?
  • #2,184
  • Apr 28, 2011 9:24am Apr 28, 2011 9:24am
Bilstein:

Thanks for your indi. I have really been able to put it to use. Nice short I took at 4.28 POC in the Aussie. Targeting 4.27 VAH. Without your indicator I would have never taken this trade. Opening a world of new patterns to me.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 35 KB
  • #2,185
  • Apr 28, 2011 9:34am Apr 28, 2011 9:34am
Quoting Oxford
Took it out after the upthrust on m5 (1405 GMT). Wait for this hour close to see how we end after the climax on hourly. If current level keeps, we may see a onetimeframe.
nice exit...still my weakness, can't get out at the right time...closed both now, small profit...should have been out after the squat like bar on 5M right after that UT...

will try another long around 1.4800 most likely.
Change is the only constant
  • #2,186
  • Apr 28, 2011 9:45am Apr 28, 2011 9:45am
my weakness is the entry and have still low knowledge in general. Have started with VSA and AMT the same time and somewhat slow in progress, after dropping off anything from my charts. Must say I'm very happy to have found these things, after years of loosing money with indicators and systems!!! Felt always the need for watching volume, but you know they all say there is no volume in fx .

You see we had the rejection at DIBH, now at IBH. Lets see.

Quoting tgwhbb
nice exit...still my weakness, can't get out at the right time...closed both now, small profit...should have been out after the squat like bar on 5M right after that UT...

will try another long around 1.4800 most likely.
  • #2,187
  • Apr 28, 2011 9:51am Apr 28, 2011 9:51am
Quoting Oxford
my weakness is the entry and have still low knowledge in general. Have started with VSA and AMT the same time and somewhat slow in progress, after dropping off anything from my charts. Must say I'm very happy to have found these things, after years of loosing money with indicators and systems!!! Felt always the need for watching volume, but you know they all say there is no volume in fx .

You see we had the rejection at DIBH, now at IBH. Lets see.
yep, thought price may go back to around 4800 due to the anomaly in the profile, it may still do so, but the rejection at IBH i think is a better place, i'm back in long at 4818.

agree with you, very happy to have found AMT and VSA! While not perfect, i'm starting to believe I can read charts!

anomaly marked on the chart
Attached Image
Change is the only constant
  • #2,188
  • Apr 28, 2011 10:01am Apr 28, 2011 10:01am
When I look at the daily profile in 3 session, I wish to break it up into 3 profile, so I can see which one form a p shape or b shape.

If the drop from asian session all d way till US session that form a b shape, then we have a potential up swing. Also need to check is the attempt direction doing a good job to go up in one time frame. With the last 6 bar. Seems like the market was in balance now.
  • #2,189
  • Apr 28, 2011 10:06am Apr 28, 2011 10:06am
Thanks for the picture; good to know.

Thought also of a long but got cautious/unclear because of the last H1 close: same volume, lower close. Let see.

Quoting tgwhbb
yep, thought price may go back to around 4800 due to the anomaly in the profile, it may still do so, but the rejection at IBH i think is a better place, i'm back in long at 4818.

agree with you, very happy to have found AMT and VSA! While not perfect, i'm starting to believe I can read charts!

anomaly marked on the chart
  • #2,190
  • Apr 28, 2011 10:14am Apr 28, 2011 10:14am
Quoting alexm
When I look at the daily profile in 3 session, I wish to break it up into 3 profile, so I can see which one form a p shape or b shape.

If the drop from asian session all d way till US session that form a b shape, then we have a potential up swing. Also need to check is the attempt direction doing a good job to go up in one time frame. With the last 6 bar. Seems like the market was in balance now.
Better view for you? I try to visualize the same thing!
Pink asian session, orange London session, yellow US session 5&15m view.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: alex15.jpg Size: 106 KB
Markets are not efficient, rather they are effective - Jones
  • #2,191
  • Apr 28, 2011 10:16am Apr 28, 2011 10:16am
Quoting mzvega
Better view for you? I try to visualize the same thing!
Pink asian session, orange London session, yellow US session 5&15m view.
Oh my goodness!!! You are an angel. muuuuck!

Can share d indi with me? I mean us
  • #2,192
  • Apr 28, 2011 10:18am Apr 28, 2011 10:18am
Quoting Oxford
Thanks for the picture; good to know.

Thought also of a long but got cautious/unclear because of the last H1 close: same volume, lower close. Let see.
long closed after touch of POC @ 4834. London fix time, let's see what happens.
Change is the only constant
  • #2,193
  • Apr 28, 2011 10:23am Apr 28, 2011 10:23am
Quoting alexm
Oh my goodness!!! You are an angel. muuuuck!

Can share d indi with me? I mean us
Aready posted its called R-profile. Its works fine I if you understand how to set the dates & times. If its not right it loops. But if you run into problems, holler! you set the profile to build every so many bars. Depending on tf
Markets are not efficient, rather they are effective - Jones
  • #2,194
  • Apr 28, 2011 11:04am Apr 28, 2011 11:04am
Quoting alexm
When I look at the daily profile in 3 session, I wish to break it up into 3 profile, so I can see which one form a p shape or b shape.

If the drop from asian session all d way till US session that form a b shape, then we have a potential up swing. Also need to check is the attempt direction doing a good job to go up in one time frame. With the last 6 bar. Seems like the market was in balance now.
For the chart I posted
Attached Image (click to enlarge)
Click to Enlarge Name: alex2.jpg Size: 105 KB
Markets are not efficient, rather they are effective - Jones
  • #2,195
  • Apr 28, 2011 11:21am Apr 28, 2011 11:21am
took a long @ 4780, as price rapidly run slightly below IBL. Later we saw a nice test candle on m5. Trade closed as we're late in day.
  • #2,196
  • Apr 28, 2011 12:16pm Apr 28, 2011 12:16pm
I think it will retrace till WIBH, doesn't look strong to go up.
  • #2,197
  • Apr 28, 2011 12:22pm Apr 28, 2011 12:22pm
Quoting skyscraper
I think it will retrace till WIBH, doesn't look strong to go up.
WIBH?
  • #2,198
  • Apr 28, 2011 12:30pm Apr 28, 2011 12:30pm
Quoting skyscraper
I think it will retrace till WIBH, doesn't look strong to go up.
I was thinking the same thing too if I was trading today. Its also NY session dibl , and va's. But I would have took the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: b.jpg Size: 164 KB
Markets are not efficient, rather they are effective - Jones
  • #2,199
  • Edited 12:44pm Apr 28, 2011 12:37pm | Edited 12:44pm
Using Tgwhbb's indi Ive thought this asia opened wide range above average vol. It extended its range to the asia dibh. London @average range higher vol. range ex to @ dibl area, Us above avg range , above avg. vol, I would think it would needs extentend somewhere. any thought or interpretations? But also no range extention means no comm participation.
Markets are not efficient, rather they are effective - Jones
  • #2,200
  • Apr 28, 2011 12:38pm Apr 28, 2011 12:38pm
Quoting PipPipPip
WIBH?
nevermind.
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