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Auction Market Theory and Market Profile

  • #2,521
  • May 9, 2011 12:48pm May 9, 2011 12:48pm
Quoting mzvega
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.
today's low was April's VAL.
Change is the only constant
  • #2,522
  • May 9, 2011 12:51pm May 9, 2011 12:51pm
Quoting mzvega
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....
yes noticed the single print, but the ledge create at the top orange arrow now matches VAL...so if EU prints above that ledge, it could signal a move up to VAH around 4440.

still observing for the rest of the session, but i'm starting to think an asia test around 1.43 will be a good long entry (today's second distribution poc).
Change is the only constant
  • #2,523
  • May 9, 2011 1:16pm May 9, 2011 1:16pm
I am getting the same error :
error: 'MPIP_DIGITS' - variable not defined

I tried compilation through Metaeditor but still same error.
Quoting bila
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.
  • #2,524
  • May 9, 2011 1:39pm May 9, 2011 1:39pm
Anyone watching GU?

A slight dip back into 6355 is consider to be the 1st wyckoff secondary test...

On the MP front it should be around DVAL with a reasonable target to VPOC 6500...


Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 May. 10 02.37.gif Size: 35 KB
  • #2,525
  • May 9, 2011 1:51pm May 9, 2011 1:51pm
too long at 1.4260 , book some profit now.
  • #2,526
  • May 9, 2011 4:04pm May 9, 2011 4:04pm
interesting day indeed, now wishing i took that long when price moved back into value...

on the daily it looks like a low volume test of the april 18th shakeout bar...and today now looks like a valid 'p' shape...4440 should be challenged...it will be interesting to see what happens there...
Change is the only constant
  • #2,527
  • Edited 4:43pm May 9, 2011 4:09pm | Edited 4:43pm
Quoting skyscraper
I am getting the same error :
error: 'MPIP_DIGITS' - variable not defined

I tried compilation through Metaeditor but still same error.
I'm sorry about previous post, after I recheck to another MT4, the indicator session don't work without new ay-mplib.const and ay-mplib100 , which is it seem makes ay-TPO chart 1.02 don't work, it seems we must have 2 MT4.
  • #2,528
  • May 9, 2011 9:16pm May 9, 2011 9:16pm
Friday profile looks like - P ( Long liquidation)
Monday Profile - It seems Neutral buyer had edge.

Tomorrow's profile it might go up and hit the Friday VPOC -1.4522

Experts please suggest.
  • #2,529
  • May 9, 2011 9:42pm May 9, 2011 9:42pm
Quoting skyscraper
Friday profile looks like - P ( Long liquidation)
Monday Profile - It seems Neutral buyer had edge.

Tomorrow's profile it might go up and hit the Friday VPOC -1.4522

Experts please suggest.
or it can go down and hit april 18's close (shake out/high demand) also known as pretty good support. It is 100 pips either way. In addition, on my chart, the new day has fulfilled 50 pips. That extra 100 pips will just finish the day's range. Looks like it can go either way. asia open will tell.
  • #2,530
  • May 9, 2011 9:54pm May 9, 2011 9:54pm
Quoting skyscraper
Friday profile looks like - P ( Long liquidation)
Monday Profile - It seems Neutral buyer had edge.

Tomorrow's profile it might go up and hit the Friday VPOC -1.4522

Experts please suggest.
not an expert, but IMO friday was a trend day, not a 'p' profile. you can see distributions building as price went lower and lower on Friday. Monday was closer to a 'p' profile IMO, with value building higher during the NY afternoon.

personally i don't think there is enough buying to push price up to friday's POC...i think even monday's poc at 1.44 will be a challenge due to the ledge formation just below it around 4380.
Change is the only constant
  • #2,531
  • May 10, 2011 2:02am May 10, 2011 2:02am
Ok , I combined MP with ORder Flow and VSA, I gotta good feel for market structure and events.
but still my entry sucks, I suffer slippage and suffer drawdowns. Maybe its money mangement or size of trade.
but anyone has an entry system based on 1 min would be helpful
  • #2,532
  • Edited 3:32am May 10, 2011 2:32am | Edited 3:32am
1st entry was a buy limit on 4300 with 2nd entry on dip to 4385* (edit: should be 4285) when selling absorption was clear with initiatives buyers coming in. Target to 4350 & 4400...
*
EDIT: Reduce exposure on target reach at 4350...remaining to 4400...

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 May. 10 15.25.gif Size: 26 KB
  • #2,533
  • May 10, 2011 2:50am May 10, 2011 2:50am
Quoting Evak
Anyone watching GU?

A slight dip back into 6355 is consider to be the 1st wyckoff secondary test...

On the MP front it should be around DVAL with a reasonable target to VPOC 6500...


Attachment
(I revise the dip level from 6355 to 6340..)

This is pure wyckoff play on test of preliminary support at 6340..
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_07 May. 10 15.40.gif Size: 26 KB



MP wise 6340 merely below yesterday VAL...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_09 May. 10 15.46.gif Size: 31 KB
  • #2,534
  • May 10, 2011 7:28am May 10, 2011 7:28am
Quoting Evak
(I revise the dip level from 6355 to 6340..)

This is pure wyckoff play on test of preliminary support at 6340..
Attachment


MP wise 6340 merely below yesterday VAL...
Attachment

Just a side note on Wyckoff test for those interested..we just have another 2b reversal test on PS level...there was also a spring previously. Next would be the AR level & the break & the test of break out b4 heading to 6550 ..

http://ploader.net/files/26919846b1b...b651091341.gif
  • #2,535
  • May 10, 2011 9:57am May 10, 2011 9:57am
My weekly play is on EJ, after yesterday fully developed value around POC of 115.2. I enter on London Open which just above POC o yesterday & previous day VAL..

Targeting all the way up to 117.5 & 120....

Chart setting is on LO. Notice current distribution is nicely wedge in between ledges of yesterday's profile & of coz filling in LUA. I suspect by next TO we may see some kind of strong initiatives..
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_15 May. 10 22.51.gif Size: 36 KB
  • #2,536
  • May 10, 2011 11:40am May 10, 2011 11:40am
Quoting Evak
1st entry was a buy limit on 4300 with 2nd entry on dip to 4385* (edit: should be 4285) when selling absorption was clear with initiatives buyers coming in. Target to 4350 & 4400...
*
EDIT: Reduce exposure on target reach at 4350...remaining to 4400...

Attachment
Hello Evak, nice post. whart indicator for MT4 do you use to get MP to display like this? Could you post it please?.
  • #2,537
  • May 10, 2011 11:42am May 10, 2011 11:42am
Quoting Evak
(I revise the dip level from 6355 to 6340..)

This is pure wyckoff play on test of preliminary support at 6340..
Attachment


MP wise 6340 merely below yesterday VAL...
Attachment

Hello Evak. Another nice post of you. I really like using VSA, MP and wykcoff in trading. They go along very well.

What is the indicator you use in MT4 to display the candle wicks as shown on your chart. Can you post the indicator please?

thanks a lot in advance

Eric
  • #2,538
  • May 10, 2011 12:47pm May 10, 2011 12:47pm
Quoting shreem
Hello Evak. Another nice post of you. I really like using VSA, MP and wykcoff in trading. They go along very well.

What is the indicator you use in MT4 to display the candle wicks as shown on your chart. Can you post the indicator please?

thanks a lot in advance

Eric
Hope this will help.
Attached File(s)
File Type: mq4 EsignlWick.mq4   3 KB | 767 downloads
Markets are not efficient, rather they are effective - Jones
  • #2,539
  • May 10, 2011 3:02pm May 10, 2011 3:02pm
Quoting Evak
My weekly play is on EJ, after yesterday fully developed value around POC of 115.2. I enter on London Open which just above POC o yesterday & previous day VAL..

Targeting all the way up to 117.5 & 120....

Chart setting is on LO. Notice current distribution is nicely wedge in between ledges of yesterday's profile & of coz filling in LUA. I suspect by next TO we may see some kind of strong initiatives..
Attachment
Evak, i try to convert day start hour to LO too but why the MP show small letter on Asia session , would you help me please
Attached Image (click to enlarge)
Click to Enlarge Name: ej interbank.gif Size: 41 KB
  • #2,540
  • May 10, 2011 3:08pm May 10, 2011 3:08pm
Quoting mzvega
Hope this will help.
Hello mzvega, how are you today? I really miss your writing and your analysis. Could you give some big picture on EU analysis if you're not busy . Thanks in advance.
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