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Auction Market Theory and Market Profile

  • #2,381
  • May 4, 2011 3:44am May 4, 2011 3:44am
Quoting Evak
...
Oh i got some stuff of JD (FOV) shhhh...as a homecoming gift to u all, if u do not have it already...(sorry folks only for those regulars here that i know..) don't wana get into trouble u know. But i will have to wait for my PM to be active...
Got it too, but kinda need to go many times over it, to understand what he's saying
  • #2,382
  • May 4, 2011 4:10am May 4, 2011 4:10am
Quoting alexm
Evak, actually I hv a strange felling that he is watching this thread. I dunno why.

All I can say is once u reason and read d market like him, u are in d same camp with michael Jordan, I recommend ppl to buy his book n video. His experience n wisdom is priceless.

of coz i m reading the forum but not a lot since i was away really. But going through it over the weekends since coming home i thought have better find a way back home here to say hi & learn more & ask questions from u'all...& i can see that U,tg,B+Claudia & gang here pwning the charts;

HAHA, using me to to promote MJ's book/video? I think is a bit of a stretch but i am honored...
  • #2,383
  • May 4, 2011 4:59am May 4, 2011 4:59am
Thank you for your insights!

Quoting Evak
1: It should; notice that the single prints occur way off the previous week value area. At first one can assume a certain amount of overvalue prior to the single prints but with the single print, Long-term Buyers INITIATES at that level despite being on an unfair high relative to previous week value.

I would have assume that is significant since it indicates a clear signs of change in supply & demand have occur there @4750 LVN


2: TPO counts: yes & no i suppose since u can view last week double distribution-like formation as 2 separates...
  • #2,384
  • May 4, 2011 7:32am May 4, 2011 7:32am
Looking at the recent profiles we witnessed both times more TPOs below POC. Afterwards price moved above POC. Today we have also VA moving higher.
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  • #2,385
  • May 4, 2011 7:39am May 4, 2011 7:39am
Quoting Oxford
Looking at the recent profiles we witnessed both times more TPOs below POC. Afterwards price moved above POC. Today we have also VA moving higher.
and now value is building in Z period at the top as well, indicating this breakout is not a fakeout.
Change is the only constant
  • #2,386
  • May 4, 2011 7:41am May 4, 2011 7:41am
Quoting Evak
1: It should; notice that the single prints occur way off the previous week value area. At first one can assume a certain amount of overvalue prior to the single prints but with the single print, Long-term Buyers INITIATES at that level despite being on an unfair high relative to previous week value.

I would have assume that is significant since it indicates a clear signs of change in supply & demand have occur there @4750 LVN


2: TPO counts: yes & no i suppose since u can view last week double distribution-like formation as 2 separates...
very nice analysis. My judgement has been clouded i think, looking for 4650 (april's VAH). No longer looking for that.
Change is the only constant
  • #2,387
  • May 4, 2011 7:53am May 4, 2011 7:53am
Tgw, we could also see that buying climax on H4 yesterday which stopped at the top of the range! As Tom Williams says, when price moves towards a S/R level with uhigh/high volume, probability of breakout increases. I based my trust on that. Now I need to work more on AMT and trust myself more.

Quoting tgwhbb
very nice analysis. My judgement has been clouded i think, looking for 4650 (april's VAH). No longer looking for that.
  • #2,388
  • May 4, 2011 8:06am May 4, 2011 8:06am
Quoting Evak
1: It should; notice that the single prints occur way off the previous week value area. At first one can assume a certain amount of overvalue prior to the single prints but with the single print, Long-term Buyers INITIATES at that level despite being on an unfair high relative to previous week value.

I would have assume that is significant since it indicates a clear signs of change in supply & demand have occur there @4750 LVN


2: TPO counts: yes & no i suppose since u can view last week double distribution-like formation as 2 separates entity....so...

But also keep in mind, where the Long-term Buyers INITIATES, is also the same place Long-term Sellers RESPOND.
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Markets are not efficient, rather they are effective - Jones
  • #2,389
  • Edited 8:37am May 4, 2011 8:21am | Edited 8:37am
Quoting mzvega
But also keep in mind, where the Long-term Buyers INITIATES, is also the same place Long-term Sellers RESPOND.
yes yes, tks for the recap

In Oxford's question is more the lack of responsive sellers...(lack of demand absorption) for the lower distribution curve & then follows by initiatives buyers...(demand overcoming supply)

...

EDIT: PS:keep them coming Claudia, always nice to have these recaps once in a while....appreciated
  • #2,390
  • May 4, 2011 8:35am May 4, 2011 8:35am
Quoting tgwhbb
very nice analysis. My judgement has been clouded i think, looking for 4650 (april's VAH). No longer looking for that.
Tks to Bundung, I recall from a previous post he took a snipe on one of the LVN of EURCHF, which i reply to him that he may have got in on one of those WRB delta zone which was a perfect area to buy...but i cant recall if he makes a bundle out of the long...

I suppose now for EU he may have quietly accumulated his position since 4750
  • #2,391
  • May 4, 2011 8:42am May 4, 2011 8:42am
Quoting Evak
1: It should; notice that the single prints occur way off the previous week value area. At first one can assume a certain amount of overvalue prior to the single prints but with the single print, Long-term Buyers INITIATES at that level despite being on an unfair high relative to previous week value.

I would have assume that is significant since it indicates a clear signs of change in supply & demand have occur there @4750 LVN


2: TPO counts: yes & no i suppose since u can view last week double distribution-like formation as 2 separates entity....so...
If i may add something...

....the visibility....

4750 LVN is visible at daily, weekly and monthly profile

I dont know if this multi tf visibility is have a value in MP...
just my view after the fact..
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...
  • #2,392
  • May 4, 2011 8:53am May 4, 2011 8:53am
London and NY IB were open-drive IB's indicating high confidence and both on good volume. While EU is currently at 150+ pips range for the day, we could see a pop to NY DIBH ~ 4992. However, London DIBH = NY IBH, so we may have to wait till after LO closes for the pop.

Thoughts?
Change is the only constant
  • #2,393
  • May 4, 2011 8:56am May 4, 2011 8:56am
Quoting Evak
Tks to Bundung, I recall from a previous post he took a snipe on one of the LVN of EURCHF, which i reply to him that he may have got in on one of those WRB delta zone which was a perfect area to buy...but i cant recall if he makes a bundle out of the long...

I suppose now for EU he may have quietly accumulated his position since 4750
no man... i dont play it. as I play GU today... but it move upward with a lot swing...
and it make a lot of noise in my mind "Should I Close It ..."
...
  • #2,394
  • May 4, 2011 9:00am May 4, 2011 9:00am
thinking the same, 1.50 is awaited from many traders, then there are surely some options and stops there around. I may enter e short limit at 1.5010.

Quoting tgwhbb
London and NY IB were open-drive IB's indicating high confidence and both on good volume. While EU is currently at 150+ pips range for the day, we could see a pop to NY DIBH ~ 4992. However, London DIBH = NY IBH, so we may have to wait till after LO closes for the pop.

Thoughts?
  • #2,395
  • May 4, 2011 9:00am May 4, 2011 9:00am
Quoting Evak
Tks to Bundung, I recall from a previous post he took a snipe on one of the LVN of EURCHF, which i reply to him that he may have got in on one of those WRB delta zone which was a perfect area to buy...but i cant recall if he makes a bundle out of the long...

I suppose now for EU he may have quietly accumulated his position since 4750
abour WRB... do you have something that can be pm'ed
...
  • #2,396
  • May 4, 2011 9:05am May 4, 2011 9:05am
Quoting tgwhbb
London and NY IB were open-drive IB's indicating high confidence and both on good volume. While EU is currently at 150+ pips range for the day, we could see a pop to NY DIBH ~ 4992. However, London DIBH = NY IBH, so we may have to wait till after LO closes for the pop.

Thoughts?
Just for reference.......
Attached Image
Markets are not efficient, rather they are effective - Jones
  • #2,397
  • May 4, 2011 9:09am May 4, 2011 9:09am
Quoting bandung
no man... i dont play it. as I play GU today... but it move upward with a lot swing...
and it make a lot of noise in my mind "Should I Close It ..."
I am long & game for 6600 for today (HOPE) & have my stop just below 6545, this engufing is making me nervous though..haha
  • #2,398
  • May 4, 2011 9:16am May 4, 2011 9:16am
Quoting Evak
I am long & game for 6600 for today (HOPE) & have my stop just below 6545, this engufing is making me nervous though..haha
mine is @6520, +30 from my entry
...
  • #2,399
  • May 4, 2011 9:25am May 4, 2011 9:25am
I took 2 shorts @ the ny open. going to hold those for awhile, see what price does.
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Markets are not efficient, rather they are effective - Jones
  • #2,400
  • May 4, 2011 9:25am May 4, 2011 9:25am
Quoting bandung
abour WRB... do you have something that can be pm'ed
Nothing special but there is a free resource here:

http://www.thestrategylab.com/tsl/fo...hp?f=119&t=718

Interestingly discovery of WRB is due to the author observation of gaps when he was working as a manual chartist then..feeling in missing datas...or not

The keyword here is the "GAP"

JD mention of gaps besides the opening gap he too mention the breakout gaps (usually occurs as LNVs)

Similarly In WRB, Body of candle is consider instead, any bars that exhibits significant momentum change in dynamics like breakout to new high (WRB treated it like hidden gaps) or news events...etc...

For VSAers once u pin down this deltazone u usually see them tested..
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