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Auction Market Theory and Market Profile

  • #2,781
  • Jun 3, 2011 7:59am Jun 3, 2011 7:59am
Quoting Evak
Just a screenshot I wanted to post prior to NFP (due to serverload in FF) where EU have a mark down during "A" period. In most cases indicating reversal once news release...

EU: Revising POC, marking down prior to NFP.
Attachment
question, your 'A' period for today's NY is much longer than mine. My A period is only 4 prints long. What time do you use as NY open time?
Change is the only constant
  • #2,782
  • Jun 3, 2011 8:18am Jun 3, 2011 8:18am
Quoting Evak
Just a screenshot I wanted to post prior to NFP (due to serverload in FF) where EU have a mark down during "A" period. In most cases indicating reversal once news release...

EU: Revising POC, marking down prior to NFP.
Attachment

I usually trade EURAUD on NFP...here is the similar PA of this pair.
Attachment
well... i'm seeing fib 61.8 of the last down swing on daily chart... i'm on ubuntu...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot-1.png Size: 139 KB
...
  • #2,783
  • Jun 3, 2011 8:24am Jun 3, 2011 8:24am
Quoting tgwhbb
question, your 'A' period for today's NY is much longer than mine. My A period is only 4 prints long. What time do you use as NY open time?
My RowHeight is set to 2pips for this. Usually i have 3 settings, 2,3 & 5. I use 3pip settings alot which provide better granularity. For some pairs like EG or UJ, i use 2. Any settings will do just so long the letters are tightly pack & clear..

*My font is the original one by Bandung b4 he change it to Lucinda. It is set to Courier New size 7, u have tweak the code. It gives better size & clarity then Lucinda.
  • #2,784
  • Jun 3, 2011 8:31am Jun 3, 2011 8:31am
Quoting bandung
well... i'm seeing fib 61.8 of the last down swing on daily chart... i'm on ubuntu...
Hey long time no see..I see u got in on that nice pullback.....Nice to home plate...

Nice chart, what is that histogram on the left? & how do u run mt4 on ubuntu btw?

Nice to see u here...
  • #2,785
  • Edited 9:23am Jun 3, 2011 8:40am | Edited 9:23am
Quoting Evak
Hey long time no see..I see u got in on that nice pullback.....Nice to home plate...

Nice chart, what is that histogram on the left? & how do u run mt4 on ubuntu btw?

Nice to see u here...
Edit: I just notice u see my pullback entry... ya i'm eying high of Wed

ya.. today i got a little break ... after migrating 250 pc's into linux at my office since May... a whole month i just doing a linux things...

that histogram is profile of the day,
...
  • #2,786
  • Jun 3, 2011 9:05am Jun 3, 2011 9:05am
hello,

does any one how to solve this problem? when i draw trendlines or any shapes on the TPO chart, it does not stay at the original location. look at chart 1 and chart 2.

thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart eurgbp 03062011 trendline.gif Size: 27 KB
Click to Enlarge Name: chart eurgbp 03062011 trendline2.gif Size: 27 KB
  • #2,787
  • Jun 3, 2011 9:19am Jun 3, 2011 9:19am
Quoting bandung
well... i'm seeing fib 61.8 of the last down swing on daily chart... i'm on ubuntu...
my tp @4560 reached while i'm dinner...
...
  • #2,788
  • Jun 3, 2011 9:28am Jun 3, 2011 9:28am
Quoting guandi
hello,

does any one how to solve this problem? when i draw trendlines or any shapes on the TPO chart, it does not stay at the original location. look at chart 1 and chart 2.

thanks.
hi guandi.. actually the tpo chart is always move backward every new bar of ProfileDataTf... i dont know how to explain it better.
...
  • #2,789
  • Jun 3, 2011 9:35am Jun 3, 2011 9:35am
Quoting Evak
.....
6: NY profile balance is still lacking symmetry with odd anomalies that could see some repairs down to Wed high.


Attachment
How interesting...

..the anomalies noted above was repairs since London (In pink) all the way down to Wed high, NFP revisit it again to draw in 4450 (importance of round numbers.)

Attached Image
  • #2,790
  • Jun 3, 2011 9:37am Jun 3, 2011 9:37am
hello Bandung,

is it possibe to fix the TPO chart once it is created and just add letters to the right as the session progress?


Quoting bandung
hi guandi.. actually the tpo chart is always move backward every new bar of ProfileDataTf... i dont know how to explain it better.
  • #2,791
  • Jun 3, 2011 10:03am Jun 3, 2011 10:03am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Hi, is possible to highlight the first and the current (last) tpo? Can I merge in the Bandung sesion profiles version the London profile with new York profile?
Thanks
  • #2,792
  • Edited 10:24am Jun 3, 2011 10:13am | Edited 10:24am
Quoting s7c
Hi, is possible to highlight the first and the current (last) tpo? Can I merge in the Bandung sesion profiles version the London profile with new York profile?
Thanks
No...

One way is to use the TPOchart instead of the session version & set the color to none & have your start time set to London open..

Ignoring Asia..

e.g. GU's London & NY session letters only, Color of Asia letters is blend into the backgound color. Just don't use the VA since the calc is base on whole of profile, u will have to estimate it..pls refer to here to ensure the display is correct due to minor bug. http://www.forexfactory.com/showthre...70#post4608570
Attached Image
  • #2,793
  • Jun 3, 2011 10:29am Jun 3, 2011 10:29am
Points to ponder....same principles & u can see where is the best trade location to get in...

FYI
Attached Image
  • #2,794
  • Edited 11:13am Jun 3, 2011 10:51am | Edited 11:13am
Quoting Evak
Points to ponder....same principles & u can see where is the best trade location to get in...

FYI
Attachment
indeed, with the volume that came in at 4450 during NFP bar i revised my thinking I got in long late in D period on the back test to fill in the missing TPO (back test of london high). Target is weekly DIBH @ 4616. SL currently just below F/G period lows. will post a pic with thought process on why SL is there in a short while.

EDIT: added screen shot and updated SL to 4580
Attached Image (click to enlarge)
Click to Enlarge Name: EU Session TPO 2011-06-03 at 11.54.04 AM.png Size: 101 KB
Change is the only constant
  • #2,795
  • Jun 3, 2011 1:54pm Jun 3, 2011 1:54pm
Quoting tgwhbb
indeed, with the volume that came in at 4450 during NFP bar i revised my thinking I got in long late in D period on the back test to fill in the missing TPO (back test of london high). Target is weekly DIBH @ 4616. SL currently just below F/G period lows. will post a pic with thought process on why SL is there in a short while.

EDIT: added screen shot and updated SL to 4580

The 2nd SL position is particular to excess break point, excellent place to hold on to a position..

IN any case nice pips in hand to end this week with..
  • #2,796
  • Jun 3, 2011 2:13pm Jun 3, 2011 2:13pm
"The difficulty of tactical maneuvering consists in turning the devious into the direct, and misfortune into gain" SUN TZU Art of WAR

I guess we have seen a fair share of tactical maneuvering this week...

Yes I am talking about Long Liquidation break where i quote: “a market has to break before it can rally” pls read this http://jamesdaltontrading.com/blog/glossary/#L

And here is a chart of EJ showing 4 profiles with 3 P formation, starting from Tuesday from left to right, were excessive inventory was was overturn with liquidation break back into where the new auction started to even today EJ have a 2nd Liquidation break during NFP, all the way down to 116.00, b4 it heads north..again.

I think i should call this the Bulldozer maneuvering...clearing the way for mega upside...

Anyway, points to ponder......

EJ daily profile,similar to EU this morning which i'd posted.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_65 Jun. 04 02.46.gif Size: 47 KB
  • #2,797
  • Jun 3, 2011 3:07pm Jun 3, 2011 3:07pm
Quoting Evak
The 2nd SL position is particular to excess break point, excellent place to hold on to a position..

IN any case nice pips in hand to end this week with..
"excess break point", i take that to mean the place where excess was accepted as indicated by the small distribution and therefore no longer considered excess. Is that what you mean?

updated profile attached. 'I' period is showing excess with the 2 single prints. I need to re-read how to deal with excess, couldn't find enough details on JD's blog...

my current thinking is to look for a buying tail at the excess on Sunday/or Monday. Kave, your thoughts?

In hind sight, I could have been more patient and not set a TP on the position given the trend-type session and smooth profile. the chances of a big drop seem fairly small since the session is quite smooth.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Session 2011-06-03 at 3.56.49 PM.png Size: 65 KB
Change is the only constant
  • #2,798
  • Jun 3, 2011 11:03pm Jun 3, 2011 11:03pm
Quoting tgwhbb
"excess break point", i take that to mean the place where excess was accepted as indicated by the small distribution and therefore no longer considered excess. Is that what you mean?

updated profile attached. 'I' period is showing excess with the 2 single prints. I need to re-read how to deal with excess, couldn't find enough details on JD's blog...

my current thinking is to look for a buying tail at the excess on Sunday/or Monday. Kave, your thoughts?

In hind sight, I could have been more patient and not set a TP on the position given...
Yes, somewhere along the line like u say. This is not JD's term as I do find this useful to gauge Excess acceptance, hence any violation of that excess break point would render the excess invalid.

JD have another support reference which he term as spike base. Essentially excess are spike probes testing for high price till acceptance..the base of the spike represent the beginning of the probe.

Semantically speaking perhaps the term Excess acceptance, or Spike acceptance level would be more appropriate, that would be in line with JD's terminology on SPIKES...ref: http://jamesdaltontrading.com/blog/glossary/#S

Not all spikes/excess are created equal of cause, naturally i grade excess to be more important when the it appears on probe of significant reference level like previous high/low, session high/low..etc...

Below u see the excess i would grade with lower importance...anyway here i m just illustrating my point. about excess acceptance & spike base area....

Next week, on a day timeframe perspective, I would take the up-move as a major spike probe. Monday onwards, it could be acceptance to facilitated 2 sided trade, with support at 4550. with range as indicated, this is to secure this major spike. Since it is Monday we can assume daily range of below average statistically speaking. A probe of up to 4650 still possible..them round numbers.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_67 Jun. 04 11.46.gif Size: 23 KB

Have a nice weekend...
  • #2,799
  • Jun 5, 2011 2:42am Jun 5, 2011 2:42am
Quoting Evak
Yes, somewhere along the line like u say. This is not JD's term as I do find this useful to gauge Excess acceptance, hence any violation of that excess break point would render the excess invalid.

JD have another support reference which he term as spike base. Essentially excess are spike probes testing for high price till acceptance..the base of the spike represent the beginning of the probe.

Semantically speaking perhaps the term Excess acceptance, or Spike acceptance level would be more appropriate, that would be in line with JD's terminology...
Hi!
Can you please attach indicator/template which you use on your charts. Just want to try them so need your hlep please! Thanks!
  • #2,800
  • Jun 5, 2011 5:42am Jun 5, 2011 5:42am
Quoting pilatus
Hi!
Can you please attach indicator/template which you use on your charts. Just want to try them so need your hlep please! Thanks!
Indi was distributed here b4...http://www.forexfactory.com/attachme...2011%2010:12am

here is a template to start u with...
Attached File(s)
File Type: tpl default.tpl   321 KB | 571 downloads


FYI>
Do note that the indi store some optional settings in global variables & not the tpl files so what i set for my preference may or may not appear to u even if u use this template...u have to figure out...there are myriad settings u have to consider too like session settings relative to your broker, your prefered IB range...so on. (press f3 to delete your global variables if u wish to reset)

The optional settings can be toggle by clicking & delete the buttons as shown...only if live data is being stream else changes will not appear...
Attached Image
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