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Auction Market Theory and Market Profile

  • #2,501
  • Edited 5:21am May 9, 2011 5:09am | Edited 5:21am
Quoting Evak
Pretty much spot on...

Uusually u wanna see the morning session reaction since after an elongated session with P formation last Friday NY, u have some old business liquidating & u wana get a sense of BALANCE during the morning session today b4 taking any position as as to built a reference...

..& here we have it a "open test drive" from London open...u can bet on a long to target @4500 or slightly above it....for now. Do grab some at 4450 too...if u are already long & u can split..

Attachment
Thank's a lot for your analysis Evak I wil learn harder and already closed +40, oh..one more Evak why my chart session a little bit different with your chart session? Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: eu interbank4.gif Size: 36 KB
  • #2,502
  • May 9, 2011 7:43am May 9, 2011 7:43am
Quoting Evak
Pretty much spot on...

Uusually u wanna see the morning session reaction since after an elongated session with P formation last Friday NY, u have some old business liquidating & u wana get a sense of BALANCE during the morning session today b4 taking any position as as to built a reference...

..& here we have it a "open test drive" from London open...u can bet on a long to target @4500 or slightly above it....for now. Do grab some at 4450 too...if u are already long & u can split..

Attachment
Good morning, IMO, those are not 'P' proflies as there is a distribution at the lower extremes indicating value acceptance lower. I beleive a true 'P' formation has a uniform distribution below the value area.

Plus, today's profile has a ledge just above the dPOC @ ~.4400, and the 15M chart is littered with no demands and upthrusts.

I'm currently flat, as I woke up too late this AM and missed the entry...
Change is the only constant
  • #2,503
  • May 9, 2011 8:06am May 9, 2011 8:06am
this is a work of art actually. today's profile shows a wall/ledge right at the top of the small distribution on Friday, with price unable to fill the gap created by the LVN/single print in 'g' period on friday.

The anomaly created in 'i' period on friday needed to be smoothed out, which is where my long last night had a TP @ 4435 - which also coincided with the tokyo DIBH.

i was contemplating a sell limit at that level last night, but since london had not traded since Friday's drop there was a risk IMO that London ran the price up to around 4500 first, so did not set a sell limit, but alas a sell up there was evident as confirmed on the 5M chart with a no demand bar at the top, too bad I was sleeping...

as i finish writing this, 'a' period is creating a small distribution below friday's bottom distribution so it looks like more downside...could EU make it to the NY DIBL @ 4220 today for another big range day??
Attached Image
Change is the only constant
  • #2,504
  • May 9, 2011 8:15am May 9, 2011 8:15am
Quoting tgwhbb

as i finish writing this, 'a' period is creating a small distribution below friday's bottom distribution so it looks like more downside...could EU make it to the NY DIBL @ 4220 today for another big range day??
took the short, looks like its working so far...TP set to 4220, but i suspect it will only get there later this afternoon after London closes since hte london 3x extension is at 4261, i don't expect price to go much below that while London is open.
Attached Image
Change is the only constant
  • #2,505
  • May 9, 2011 9:23am May 9, 2011 9:23am
Quoting tgwhbb
Good morning, IMO, those are not 'P' proflies as there is a distribution at the lower extremes indicating value acceptance lower. I beleive a true 'P' formation has a uniform distribution below the value area.

Plus, today's profile has a ledge just above the dPOC @ ~.4400, and the 15M chart is littered with no demands and upthrusts.

I'm currently flat, as I woke up too late this AM and missed the entry...
I won't argue on the syntax too much but the main thing is, it tells me & Bila for that matter that we have a short covering rally...or a potential "rally high" prior to trend continuation down...

U are right though that is it was not a uniform "lower" distribution as it exhibit anomaly that needs repair...hence...
  • #2,506
  • May 9, 2011 9:32am May 9, 2011 9:32am
Quoting tgwhbb
this is a work of art actually....
Nice..

i wonder if u were to split the previous distribution in to 2 splitting from the LVN, could the't the upper ledge be at around 4480 area?
  • #2,507
  • May 9, 2011 9:35am May 9, 2011 9:35am
guys and not guys... (forgot... the word)...

just want to popup here for a minute... as i'm a little bussy dizzy...

I see some of you using mp session... there is a glitch on previous version...

I upload the updated version (no dll version) on my blog

be patient with the blog as it hosted in free hosting...

and this is my trade tonight.. (show off mode... lol)

http://eyesfx.web44.net/wp-content/u...sion.v1.00.png
...
  • #2,508
  • May 9, 2011 9:36am May 9, 2011 9:36am
Quoting tgwhbb
took the short, looks like its working so far...TP set to 4220, but i suspect it will only get there later this afternoon after London closes since hte london 3x extension is at 4261, i don't expect price to go much below that while London is open.
I shorted on the break of 4367, to 4300 & 4250...i wonder if 4250 will see climax...even the daily retracement exceeds 79% already,...holy
  • #2,509
  • May 9, 2011 9:40am May 9, 2011 9:40am
Quoting bila
Thank's a lot for your analysis Evak I wil learn harder and already closed +40, oh..one more Evak why my chart session a little bit different with your chart session? Thanks in advance.

U can grab it in the attachment following attachment in the thread. Is a DLL version which can cause crashes occasionally & the streaming updates can he wanting...

I wonder if Bundung gona update his MP session text for non-DLL version...

direct DL here:
http://www.forexfactory.com/attachme...02011%203:32pm


PS just as i finish posting this B have alreadt posted a nonDLL fix above..
  • #2,510
  • May 9, 2011 9:57am May 9, 2011 9:57am
Quoting Evak
I shorted on the break of 4367, to 4300 & 4250...i wonder if 4250 will see climax...even the daily retracement exceeds 79% already,...holy
nice trade mr. evak...
I only have one trade from 4401 and out at 4262... missed a few pips from my tp 4250...
...
  • #2,511
  • May 9, 2011 9:59am May 9, 2011 9:59am
Quoting Evak
I shorted on the break of 4367, to 4300 & 4250...i wonder if 4250 will see climax...even the daily retracement exceeds 79% already,...holy
nice entry. now down at 4260 and no climax volume seen yet on my charts but volume is increasing as we move down so it appears bears still in control. can anyone else confirm the bearish volume and lack of climax? I'm still holding my short
Change is the only constant
  • #2,512
  • May 9, 2011 10:16am May 9, 2011 10:16am
Quoting tgwhbb
nice entry. now down at 4260 and no climax volume seen yet on my charts but volume is increasing as we move down so it appears bears still in control. can anyone else confirm the bearish volume and lack of climax? I'm still holding my short
Yeah...this precarious price move have to have a climax & eventual buying tail...I see some absorption now as i peep into my brothers footprint chart but looks like more test to come...a spring below 4250 or maybe all the way down to 4200...

Keeping my fingers cross i am...u?
  • #2,513
  • May 9, 2011 10:23am May 9, 2011 10:23am
Quoting Evak
Yeah...this precarious price move have to have a climax & eventual buying tail...I see some absorption now as i peep into my brothers footprint chart but looks like more test to come...a spring below 4250 or maybe all the way down to 4200...

Keeping my fingers cross i am...u?
i think we're seeing london profit taking here. 40 minutes to london close, 30 pip boince up from the low on decreasing volume, and all up bars are on lower volume than down bars. I'm still holding, target still 4220. Just hope my stop @ BE @ 4320 doesn't get triggered...

EDIT: also note the longer term profiles...we are nearing the HVN at the bottom of the profile from the week of April 17th, which coincides with the NY DIBL...
Change is the only constant
  • #2,514
  • May 9, 2011 10:32am May 9, 2011 10:32am
Quoting tgwhbb
i think we're seeing london profit taking here. 40 minutes to london close, 30 pip boince up from the low on decreasing volume, and all up bars are on lower volume than down bars. I'm still holding, target still 4220. Just hope my stop @ BE @ 4320 doesn't get triggered...

EDIT: also note the longer term profiles...we are nearing the HVN at the bottom of the profile from the week of April 17th, which coincides with the NY DIBL...
Yeah..just for the charts here...(oh btw GU have sprung..

POC hunting guys EU weekly profiles..4220 ppl?
Attached Image
  • #2,515
  • May 9, 2011 10:37am May 9, 2011 10:37am
Quoting bandung
guys and not guys... (forgot... the word)...

just want to popup here for a minute... as i'm a little bussy dizzy...

I see some of you using mp session... there is a glitch on previous version...

I upload the updated version (no dll version) on my blog

be patient with the blog as it hosted in free hosting...

and this is my trade tonight.. (show off mode... lol)

http://eyesfx.web44.net/wp-content/u...sion.v1.00.png

No joy B, somehow it loaded with error, i did not replace the shared files from TPOCHARTs I am thinking it could mess up the indi package...shd I replace the shared files from TPO sessions package?

error: 'MPIP_DIGITS' - variable not defined
  • #2,516
  • May 9, 2011 10:49am May 9, 2011 10:49am
Quoting tgwhbb
i think we're seeing london profit taking here. 40 minutes to london close, 30 pip boince up from the low on decreasing volume, and all up bars are on lower volume than down bars. I'm still holding, target still 4220. Just hope my stop @ BE @ 4320 doesn't get triggered...

EDIT: also note the longer term profiles...we are nearing the HVN at the bottom of the profile from the week of April 17th, which coincides with the NY DIBL...
closed the short, M5 test of the low @ london 3x IBL.
Change is the only constant
  • #2,517
  • May 9, 2011 11:16am May 9, 2011 11:16am
Quoting Evak
U can grab it in the attachment following attachment in the thread. Is a DLL version which can cause crashes occasionally & the streaming updates can he wanting...

I wonder if Bundung gona update his MP session text for non-DLL version...

direct DL here:
http://www.forexfactory.com/attachme...02011%203:32pm


PS just as i finish posting this B have alreadt posted a nonDLL fix above..
Thank you Evak for the response. Now i use new Bandung indi (Thanks a lot Bandung ), It works well on my chart and I just extract the expert indicator only to MT4, at beginning it not show up and then I go to Meta editor to compile it and then it show up. Hope it is help for your problem.
Attached Image (click to enlarge)
Click to Enlarge Name: eu interbank4.gif Size: 33 KB
  • #2,518
  • May 9, 2011 12:14pm May 9, 2011 12:14pm
really tempted to re-short the NY IBL, but the profile is building value higher since 'g' period so not convinced a short is wise for now...looks like its trying to get back into value...i'm just going to watch for the rest of the day...
Attached Image (click to enlarge)
Click to Enlarge Name: EU TPO D 2011-05-09 at 1.10.08 PM.png Size: 72 KB
Change is the only constant
  • #2,519
  • May 9, 2011 12:35pm May 9, 2011 12:35pm
Quoting tgwhbb
really tempted to re-short the NY IBL, but the profile is building value higher since 'g' period so not convinced a short is wise for now...looks like its trying to get back into value...i'm just going to watch for the rest of the day...
Some really good analysis here this morning! Unfortunatly, Im still trying to play catch up with some data. I just wanted to point out the single print on your chart. If I was trading I too would want to attempt the short at ny ibl, but, after rethought I was thinking that the single print would make a good point of reference. It would need a test imo if it was a developing Doulbe dist. trend day, if not, it would need to exceed that level if it will turn into a different day type. Well, even if Im not trading I just wanted to add an observation.
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Markets are not efficient, rather they are effective - Jones
  • #2,520
  • May 9, 2011 12:41pm May 9, 2011 12:41pm
Has anyone done any analysis or have any opinions on where we might be in relation to the monthly profile? Also, this month we also should have completed the IB for the quarterly, I tend to forgets these things.
Markets are not efficient, rather they are effective - Jones
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