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Auction Market Theory and Market Profile

  • #2,681
  • May 26, 2011 5:02am May 26, 2011 5:02am
Quoting Aesg
Hello Evak, me again... i donīt 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
Now your are talking about another indi ay-marketprofile DWM v1.31...

It plots MP histograms ONLY & overlay over the price charts..NOT market profile letters...therefore u can see the MT4 time scaled linear to the charts..the histogram is just an overlay...

If u are plotting letters which are not scaled linearly unless u want to "split" the profiles then that is another story..

In this diagram u have the a normal & split profiles..the split on the RIGHT is like price bars, so that one can be scale linearly like a normal bar charts if u put the time scale on it it should show u the time alignment...unlike the profile on the left..

Attached Image (click to enlarge)
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Perhaps a need to understand how profiles are constructed, a primer here would be advisable..
http://www.cisco-futures.com/mpintro.html
http://vimeo.com/5828180
  • #2,682
  • May 26, 2011 5:12am May 26, 2011 5:12am
Quoting Evak
Now your are talking about another indi ay-marketprofile DWM v1.31...

It plots MP histograms ONLY & overlay over the price charts..NOT market profile letters...therefore u can see the MT4 time scaled linear to the charts..the histogram is just an overlay...

If u are plotting letters which are not scaled linearly unless u want to "split" the profiles then that is another story..

In this diagram u have the a normal & split profiles..the split on the RIGHT is like price bars, so that one can be scale linearly like a normal bar charts..unlike...
Hello Evak, maybe i canīt explain you what i say... I know how is constructed a profile... i have the book "mind over markets"... what i say is: if tpo chart v1.02 donīt start creating at the preset hour, how i know that the histogram that it shows is valid for the hour that i preset...

thanks
  • #2,683
  • May 26, 2011 5:23am May 26, 2011 5:23am
Quoting Aesg
Hello Evak, maybe i canīt explain you what i say... I know how is constructed a profile... i have the book "mind over markets"... what i say is: if tpo chart v1.02 donīt start creating at the preset hour, how i know that the histogram that it shows is valid for the hour that i preset...

thanks
Base on the letters...set the open time & watch it live...if all the letter "A"s start appearing when on session opens...u are right on the spot. Just make sure u adjust your broker time-shift to the actual market opening hour, plus DST adjustment if any..
  • #2,684
  • May 26, 2011 5:32am May 26, 2011 5:32am
Evak, i see it now, excuse me, my fault...

Thanks.-
  • #2,685
  • May 26, 2011 7:15am May 26, 2011 7:15am
Quoting Evak
i was asleep..LOL

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

very nice alex
Hi Kave, I decided to exit at 4175 30min after London open, I think we are gonna hv a p profile today. But this up move was supported by good volume. Tomorrow will b a tough day to trade, I prefer not to short, but buy at pull back.

good luck!
  • #2,686
  • May 26, 2011 8:38am May 26, 2011 8:38am
Quoting alexm
Hi Kave, I decided to exit at 4175 30min after London open, I think we are gonna hv a p profile today. But this up move was supported by good volume. Tomorrow will b a tough day to trade, I prefer not to short, but buy at pull back.

good luck!
Sound like a good plan. Just wondering how NY gona end & it's inventory will have a telltale sign by Asia open..

gl
  • #2,687
  • May 26, 2011 8:48am May 26, 2011 8:48am
Quoting Evak
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..

Attachment
My earlier London opening entry for EU was close positive when it hit Asia high with remaining close on BE.

GU: was on hold since SL was fix just below Asia low & never get taken out. Which give it added strength of confidence that NY should follow thru nicely & it did. By NY GU open above range with initiatives. Exposure was reduce by 6350.

EU:I open another trade just a minute b4 news. "A" period dips b4 news but hold on to VAL & reverse just prior to news release. Initial SL set just below VAL of London. Exposure was reduce by 4200. Generally EU is a riskier preposition due to fact that it reverse on Asia high during London session..profile was balance for maybe a minor upside. If it fail London high it could be a reversal..

Will be closing remaining soon on this nervous day..

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  • #2,688
  • May 26, 2011 9:32am May 26, 2011 9:32am
What we see in EU now is term (JD's term) as liquidation break after excessive LONG inventory..namely both of the earlier session today..The elongated Asia & the hesitant London..All are sitting on weaker hands...

FYI...
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  • #2,689
  • Edited 9:51am May 26, 2011 9:35am | Edited 9:51am
Havent had to much time to post trades. Alex & Evak, great job on analysis! Evak, I too enjoy the using the session profiles, your the only one I see that uses them. I added the dib level. Maybe, you might find it useful. But I just wanted to touch bases. Im still around.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 ay-TPOChart-Session.v.1001.mq4   22 KB | 1,447 downloads
Markets are not efficient, rather they are effective - Jones
  • #2,690
  • May 26, 2011 9:53am May 26, 2011 9:53am
Quoting mzvega
Havent had to much time to post trades. Alex & Evak, great job on analysis! Evak, I too enjoy the using the session profiles, your the only one I see that uses them. I added the dib level. Maybe, you might find it useful. But I just wanted to touch bases. Im still around.
Hi, nice to hear from u...

tks for the share, i din know u are a programmer too..appreciate it.

Join in with the analysis on session profiles...would like to hear as many views as possible..keep me on the right footing too
  • #2,691
  • Edited 10:18am May 26, 2011 10:12am | Edited 10:18am
Quoting mzvega
Havent had to much time to post trades. Alex & Evak, great job on analysis! Evak, I too enjoy the using the session profiles, your the only one I see that uses them. I added the dib level. Maybe, you might find it useful. But I just wanted to touch bases. Im still around.
Claudia, thanks for your indicator. This one work wonderfully in my chart. Looking forward to your contribution.

The p shape profile can't even hold till US session end. Looks like we have to anticipate a buy in asian session tomorrow.

p.s. did anyone notice that the price almost hit the monthly POC 4210 and reverse?
  • #2,692
  • May 26, 2011 10:26am May 26, 2011 10:26am
Quoting Evak
What we see in EU now is term (JD's term) as liquidation break after excessive LONG inventory..namely both of the earlier session today..The elongated Asia & the hesitant London..All are sitting on weaker hands...

FYI...
Attachment
Can't help but to grab a shot as it hit previous NY fair price zone just after 2xIB of this session also..since previous NY profile was definitely not weak hands since Asia break out with conviction today..

Will hold till the cows come home..

LUA between 4100 & 4150 should provide the platform for Asia...

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  • #2,693
  • Edited 12:38pm May 26, 2011 11:35am | Edited 12:38pm
I’m working on a grading system to guesstimate comm participation. By counting range ext, va, and tails.
Example: previous day, buy tail =1pt , higher va =1pt, attempted dir (TPO+ count or RF+)= 1pt, So total long 3(3lots)that day, so if the next day, sell tails= “-1”, lower va= -1pt, rf+= 1pt, “-1”+ “-1”+ “ 1” Total next day = -1, so from yesterday of 3lots long, plus -1 leaves otf -2 lots still short. Kind of confusing, but it does seem to help when determining if OTF is “too long” or “too short”. This takes lots of observation. I keep most my comments to myself as not to confuse people with my “theories” and observation of other things (relevant to my opinion). I spend more time trying to educate myself, and working on theory, than I do trading. It pays off in the long run. I catch myself looking to trade for that “instant gratification” and the thrill of being “right”, without really understanding the “why” I took the trade. AMT is about anticipating moves, not predicting.
Very important info:
While we’re on the subject, here is some food for thought with the IB, It goes back to my 1.5x, 2x, 3x the IB idea. As per market delta dib is 200% IB, we are calculating as ibh+ib range. We are only adding 1 time the extension to the ib high, but yet they call it double. This has bothered me! The math works per market delta if you add 2x IB from the IB low, and that too will give you the DIB range of ibh+ibrange=dib. So just keep in mind the context of the math. So, actually our ib indi (as per market delta), is 1x is really 200% the ib(DIB), 2x is 300%, 3x’s 400%. I’ve adjusted the indi to suit my needs. If anyone is interested just ask. But there is an error in the math imo. Or at least in our original interpretation! any comments about this??? This is the stuff I do when Im not trading or posting.
Maybe Im just the only person that "assumed" the 2x was the dib. (2 times is double to me)
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Markets are not efficient, rather they are effective - Jones
  • #2,694
  • May 26, 2011 1:31pm May 26, 2011 1:31pm
Quoting mzvega
While we’re on the subject, here is some food for thought with the IB, It goes back to my 1.5x, 2x, 3x the IB idea. As per market delta dib is 200% IB, we are calculating as ibh+ib range. We are only adding 1 time the extension to the ib high, but yet they call it double.
Maybe Im just the only person that "assumed" the 2x was the dib. (2 times is double to me)
I may be misreading your post, so apologies in advance but DIB is the IBH/L + IB range which also is 200% IB. If the IB high was 15, and low was 10, the IB range would be 5. Double the IB would be a range of 10, which would be added from the initial low (10) to get the new high (20), which would just be an extention of 5 to the IBH.

100% of the IB would just be the IB-- no extention. 200% IB would be 2x IB added to the opposite IBH/L (if we are making new highs, it would be added to the current IBL for DIBH).

I think the confusion comes from where you are adding the range extention. 100% IB just represents the full range from IBL to IBH, no move higher or lower, 200% would extend out to 2xIB from the IBL (on a higher move). So I think you are already calculating it correctly and are just getting tripped up on the terminology... I think. I very well may have confused myself here
  • #2,695
  • Edited 6:57pm May 26, 2011 3:04pm | Edited 6:57pm
Quoting smittens4212
I may be misreading your post, so apologies in advance but DIB is the IBH/L + IB range which also is 200% IB. If the IB high was 15, and low was 10, the IB range would be 5. Double the IB would be a range of 10, which would be added from the initial low (10) to get the new high (20), which would just be an extention of 5 to the IBH.

100% of the IB would just be the IB-- no extention. 200% IB would be 2x IB added to the opposite IBH/L (if we are making new highs, it would be added to the current IBL for DIBH).

I think the confusion comes from...
I appreciate the comment, Its good to hear from someone else. Maybe its me with the terminology. From a video, I have learned to track 1.5, 2, 3. From our indi 1.5 (1.50%) should be before dib (200%) not shown on our indi. But to add it using the same math would be 1.5 range +ibh makes it greater than 200%. Try it this way if ibh+1xib range=200% then the ibh+3x on our indi is ?%. Maybe its just me when I refer to dib I mean (want it to mean) it to be 200% I thought the 2x on our indi was the "dib" (200%), but if ibh+ib range is 1x dibh on our indi. So when I have said "Ill take a trade if it fails the DIB on our indi 2x" It really wasnt the DIB.That is what has concerned me. This is probably error on my part. Could you tell me the % of each x on the indi, from your point of view????

Long story short, when I have been refering to DIB in posts it was the 2x on our indi. I thought 2x was the dib on our indi. I guess not. No more reference to IB. I think Im confused, and Im confusing everyone else.

All this comes from trying to automate calculation in excel to auto determine day type ex:the IB is @80% of the days total range for normal day, normal var day IB balance 50% of the days total, etc, etc. Also counting range ex. If comm activity can be measured by range extention, keeping count of range ext can give insight to how long or short comm maybe imo
Markets are not efficient, rather they are effective - Jones
  • #2,696
  • May 26, 2011 3:29pm May 26, 2011 3:29pm
Very good thread people!

Can any of you recommend some lectures about market profile // Auction Market theory?

Thx
Greetings, BeLikewater
  • #2,697
  • May 26, 2011 3:41pm May 26, 2011 3:41pm
Quoting BeLikeWater
Very good thread people!

Can any of you recommend some lectures about market profile // Auction Market theory?

Thx
Videos
http://www.tradingclinic.com/oneoff/...l20080606.html (my favorite!!!)
http://www.tradingclinic.com/downloa...edia/MP102.wmv (copy & paste link)

Books
http://www.4shared.com/document/86Lv...__Jones_E.html

http://www.4shared.com/document/ivp7...r_Markets.html
Markets are not efficient, rather they are effective - Jones
  • #2,698
  • May 26, 2011 3:53pm May 26, 2011 3:53pm
Quoting mzvega
Videos
http://www.tradingclinic.com/oneoff/...l20080606.html (my favorite!!!)
http://www.tradingclinic.com/downloa...edia/MP102.wmv (copy & paste link)

Books
http://www.4shared.com/document/86Lv...__Jones_E.html

http://www.4shared.com/document/ivp7...r_Markets.html
Thx you mzvega, It seems that is not strange that you have already 10+ vouchers
Greetings, BeLikewater
  • #2,699
  • May 26, 2011 4:17pm May 26, 2011 4:17pm
Quoting BeLikeWater
Thx you mzvega, It seems that is not strange that you have already 10+ vouchers
Its alot of info to diguest, but all that info really has taken my trading to a whole different level. Best info on trading ive come across, other than fx microstructure article Medici recommend I read. That article is posted here on the thread also.
Markets are not efficient, rather they are effective - Jones
  • #2,700
  • May 26, 2011 6:31pm May 26, 2011 6:31pm
Quoting Evak
Hi, nice to hear from u...

tks for the share, i din know u are a programmer too..appreciate it.

Join in with the analysis on session profiles...would like to hear as many views as possible..keep me on the right footing too
LOL! I wish!!! For me its called "trial & error" "Copy & paste" mixed with "the process of elimination"
Markets are not efficient, rather they are effective - Jones
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