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Auction Market Theory and Market Profile

  • #2,661
  • May 25, 2011 8:05am May 25, 2011 8:05am
Quoting Evak
1: NY (overnite) inventory was Long. But close below London High (lacking confidence)
2: Asia open with narrow IB below range (lack of upside confidence continues) with a bit of auctioning b4 breaking below IBL to rx of up to 4x.
3: Price was attracted towards previous NY session POC but right on 79% retracement of previous asia low & yesterday's high.
4: Now price is balancing around 4055
5: A 3 period wide Anomaly is spotted that may potential be filled..profile still uneven.

Possible scenario next could be Asia low be taken out & London finds...
I Evak,
excuse me, probably dumb question:
How could I get the "session's" MP as your's?
I'm trying all the possible settings of ay-TPOchart.v1.02 whitout success!
Tks 4 explain newbee on MP.
  • #2,662
  • Edited 9:10am May 25, 2011 9:00am | Edited 9:10am
Quoting Saetta_FX
I Evak,
excuse me, probably dumb question:
How could I get the "session's" MP as your's?
I'm trying all the possible settings of ay-TPOchart.v1.02 whitout success!
Tks 4 explain newbee on MP.
I think it wasn't posted here but was refered to his blog (bit slow but should be ok)
http://eyesfx.web44.net/dload

Courtesy from our resident creative director & Trader Mr. Bandung..Link can be seen from the footnote of all his post here...FYI

PS do not mix the files ...installation is in readme...so if u have TPOchart on mt4 then don't throw files from the session zip. SO have two mt4 installation instead...each to its own.
  • #2,663
  • May 25, 2011 9:06am May 25, 2011 9:06am
Quoting alexm
Hard to tell kave, US session always turn the table around. Exited my long with 45 pips profit.
Yeah u are right...

Anyway...i took a shot on NY open & pray hard that it won't crack above London high, since inventory was long then & profile contains a few anomalies suggesting weak hands & then... it drop faster then Nato bombs on Tripoli..

Clear out with 42 when it hit 4050...
  • #2,664
  • May 25, 2011 9:18am May 25, 2011 9:18am
Quoting Evak
I think it wasn't posted here but was refered to his blog (bit slow but should be ok)
http://eyesfx.web44.net/dload

Courtesy from our resident creative director & Trader Mr. Bandung..Link can be seen from the footnote of all his post here...FYI

PS do not mix the files ...installation is in readme...so if u have TPOchart on mt4 then don't throw files from the session zip. SO have two mt4 installation instead...each to its own.
Great Evak,
Tks a lot 4 ur prompt tips.
  • #2,665
  • Edited 11:21am May 25, 2011 11:08am | Edited 11:21am
Quoting Evak
1: Asia inventory was Short
2: London open with opening drives & did not take out asia low...
3: IB is below average suggest better then rx of perhaps up to 2x.=IB
5: Target to VPOC & expect liquidation break if market view this area to be excessive...


Idea trade location would be a dip back to VAL or DVAL...(miss by a pip
Attachment

Add:
GU is similar..

1: Opening drives off Asia's low but did not revisit.
2: IB merely below avg suggest at most 2xIB or less...

Attachment
Cry me a river..

EU reverses back up after testing near Asia VAL & became responsive.. traded all the way up to previous NY range hitting its VAH. That previous NY profile have a very balance curve could be a source of attraction...

SO, it broke above both of todays' 2 session high & now could be balancing around here...

NY IB was open in range driven down on 1st period (A period), IB range slightly below avg... in most cases like this tendencies are at the very most to rx (typically less then 1xIB) both ways to a Neutral day type but still short-term traders in control..text book wise..due to is limited rx relative to it's IB range.

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  • #2,666
  • May 25, 2011 5:48pm May 25, 2011 5:48pm
hey guys (and girls, assuming claudia is still around here

been very busy at work, travelling too much, and learnt a valuable lesson...DO NOT TRADE pivotal areas when you are not able to react quickly and are not in front of your charts...cost me dearly lately....

back on the horse, can not - make that will not - give up, learn by experience right....

anyhow, i really like this CME site, especially the day vs rolling week chart (the one in the middle in this link) as it clearly shows a LVN being filled between the upper and lower distributions, indicating value migrating back towards the upper distribution.

If you apply VSA principals to the bar chart from this site as well, wednesday was a low volume test of the base (or lower distribution).

hope you find it useful.

http://www.cmegroup.com/popup/mdq2.h...EUR_USD&type=v
Change is the only constant
  • #2,667
  • May 25, 2011 6:14pm May 25, 2011 6:14pm
Is anyone able to post a profile of the s&p or es mini?

Thanks.
Change is the only constant
  • #2,668
  • May 25, 2011 7:17pm May 25, 2011 7:17pm
Here
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The Market pays you to be disciplined
  • #2,669
  • May 25, 2011 7:28pm May 25, 2011 7:28pm
Quoting tgwhbb
Is anyone able to post a profile of the s&p or es mini?

Thanks.
Hi Jamie, welcome back.

I'm trying to use bandung TPO indicator in DAX & FTSE as well. but it crash my platform.
  • #2,670
  • May 25, 2011 7:54pm May 25, 2011 7:54pm
What do we got now.
1. a 3 day balance.
2. wednesday daily bar looks like a vsa test bar.
3. we have a toyota prius (tokyo session) open test drive.

It fill my pending order at 4086 again, now we are looking for price continuation, aka one time frame up with supporting volume, pointing at target monthly POC at 4213
  • #2,671
  • May 25, 2011 9:12pm May 25, 2011 9:12pm
hello tgwhbb,

can you explain how to use the CME chart? not sure how to read it and apply it to trading.

thanks.

-guandi

Quoting tgwhbb
hey guys (and girls, assuming claudia is still around here

been very busy at work, travelling too much, and learnt a valuable lesson...DO NOT TRADE pivotal areas when you are not able to react quickly and are not in front of your charts...cost me dearly lately....

back on the horse, can not - make that will not - give up, learn by experience right....

anyhow, i really like this CME site, especially the day vs rolling week chart (the one in the middle in this link) as it clearly shows a LVN being filled between the upper and lower distributions,...
  • #2,672
  • Edited 10:29pm May 25, 2011 10:11pm | Edited 10:29pm
Hi guys & gals

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Jim Dalton Webinar: Update to Mind over Markets

@ Join us on Thursday, May 26, 2011 4:30 PM - 6:30 PM EDT

Don't miss this if you are a MP trader.
  • #2,673
  • May 25, 2011 10:22pm May 25, 2011 10:22pm
Absolutely rare to see a break out during asian session. I'm still holding my long since 4085, will hold till london open to see how the reaction to the current inventory.
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  • #2,674
  • May 26, 2011 1:52am May 26, 2011 1:52am
Hello, someone knows how can i do to configure the indi to start at the same hour every day? It start avery day at a different hour...

Thanks.-
  • #2,675
  • May 26, 2011 2:10am May 26, 2011 2:10am
Quoting alexm
Absolutely rare to see a break out during asian session. I'm still holding my long since 4085, will hold till london open to see how the reaction to the current inventory.
i was asleep..LOL

i would have jump in too since it IB close back up into where it opens...

very nice alex
  • #2,676
  • May 26, 2011 2:13am May 26, 2011 2:13am
Entry are made on London open....capitalizing on the pullback prior to LO...

Since Asia inventory is long & especially EU, could be view as being excessive..exposure will be reduce on TP of asia high & SL to BE...

How asia high is to be respected will determine this upside sustainability..

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  • #2,677
  • May 26, 2011 3:11am May 26, 2011 3:11am
Quoting Aesg
Hello, someone knows how can i do to configure the indi to start at the same hour every day? It start avery day at a different hour...

Thanks.-
Your question is not very clear..perhaps u wana screencap what are u referring to?
&
name of indi? & what do u mean by start time change at diff hour every day?

Broker time to GMT? etc...
  • #2,678
  • May 26, 2011 3:55am May 26, 2011 3:55am
Quoting Evak
Your question is not very clear..perhaps u wana screencap what are u referring to?
&
name of indi? & what do u mean by start time change at diff hour every day?

Broker time to GMT? etc...
Hello evak, i´m referring to tpo chart v1.02 my broker time is GMT +1

If you see in the settings, the indi shows an option of "day start hour" default is 0 ok? If i set it to "0" or any other hour to start, i see that it change the start hour ...

Here you have a screenshoot, is gbdusd 1H chart the indi is set to "0" hour start and you can see that today start at 16 hours of yesterday? yestarday start at 21 hs of 24/5/2001 and the start for the day 24 was at 01hs of 24/5/2011...

thanks and excuse my english...
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  • #2,679
  • May 26, 2011 4:15am May 26, 2011 4:15am
Quoting Aesg
Hello evak, i´m referring to tpo chart v1.02 my broker time is GMT +1

If you see in the settings, the indi shows an option of "day start hour" default is 0 ok? If i set it to "0" or any other hour to start, i see that it change the start hour ...

Here you have a screenshoot, is gbdusd 1H chart the indi is set to "0" hour start and you can see that today start at 16 hours of yesterday? yestarday start at 21 hs of 24/5/2001 and the start for the day 24 was at 01hs of 24/5/2011...

thanks and excuse my english...
ah i get ur meaning now...

Market profile plots in 3 dimensions. Simply put just ignore the timescale on MT4.

In MP one looks at the letters that represent the time & price (verticals) & the volume (horizontal)....that is how the charts are scale...not like bar charts..
  • #2,680
  • May 26, 2011 4:42am May 26, 2011 4:42am
Quoting Evak
ah i get ur meaning now...

Market profile plots in 3 dimensions. Simply put just ignore the timescale on MT4.

In MP one looks at the letters that represent the time & price (verticals) & the volume (horizontal)....that is how the charts are scale...not like bar charts..
Hello Evak, me again... i don´t understand... if i ignore the timescale, how i know that it shows what i want... for example in ay-marketprofile DWM v1.31 when i put 0 hour it start at 0 hour drawing the MP... so how can i know that TPO chart is showing what i want...

Thanks
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