Auction Market Theory and Market Profile | Page 148 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Auction Market Value Theory & Analytics 1,757 replies

market Theory 101 Supply and Demand,Market Cycles 7 replies

Market Profile And Volume Profile MT5 7 replies

MarketProfile/Volume Profile/Auction Market Theory indi? 17 replies

Market profile trader-Merged profile 0 replies

Attachments: Auction Market Theory and Market Profile
Exit Attachments

Auction Market Theory and Market Profile

  • #2,941
  • Jun 17, 2011 2:37pm Jun 17, 2011 2:37pm
Quoting tgwhbb
I noticed the 45 degree comment on JD's blog the other day referring to short covering, quite interesting.
Yes it is. It was mentioned several times & the last time it was few days ago like u said...

JD's advise as always is too expect inventory adjustment back to fair value..
  • #2,942
  • Jun 17, 2011 8:24pm Jun 17, 2011 8:24pm
Kave,
Can you please tell me the following settings
Asia Open:
London Open:
US open:

Also the Row Height.
Somewhow I noticed the profile are not same, I am using
Asia Open:0:00
London Open:07:00
US open:12:00
All are in GMT
Row Height :5

Quoting Evak
European open (not UK) see a opening test onto Asia low & bounce with also anomalies spotted during asia session was filled, around 4150 (indicating possible market decision on that level during Asia session, as it pause). Asia inventory was short.

Added position at price reversion back to 4150 or anomalies area seen during Asia.
Attachment
  • #2,943
  • Jun 17, 2011 8:33pm Jun 17, 2011 8:33pm
Quoting tgwhbb
I noticed the 45 degree comment on JD's blog the other day referring to short covering, quite interesting.
Hi Jamie,

Possible to share that link mention about the 45 degree short covering?

Thanks a lot.
  • #2,944
  • Jun 20, 2011 4:33am Jun 20, 2011 4:33am
Quoting skyscraper
Kave,
Can you please tell me the following settings
Asia Open:
London Open:
US open:

Also the Row Height.
Somewhow I noticed the profile are not same, I am using
Asia Open:0:00
London Open:07:00
US open:12:00
All are in GMT
Row Height :5
sorry just have time for a some web time & saw your post...

Anyway if u are using IBFX which is on GMT time then your opening time is as follows;

Ausie: 22:00
Tokyo open : 23:00

European open : 6:00
UK open 7:00

US open 12:00

I have 3 templates set to Row height of 2,3,& 5. 3 is best if u can fit the letters nicely.

I have templates with UK open & European open,

For UJ i only use Tokyo open with row height of 2.

As i trade during European open, I monitor that too for IB as it gives me clues if the AB period of European open show conviction prior to UK off my reference points...

My default for now is Aussie open, European open. US remains as it is.

Please note now is daylight saving (DST) so once it is not u have to adjust accordingly.

Use this if in doubt..http://forex.timezoneconverter.com
  • #2,945
  • Jun 20, 2011 4:34am Jun 20, 2011 4:34am
Quoting alexm
Hi Jamie,

Possible to share that link mention about the 45 degree short covering?

Thanks a lot.
FYI
http://jamesdaltontrading.com/blog/2...-june-13-2011/
  • #2,946
  • Jun 20, 2011 6:43am Jun 20, 2011 6:43am
Quoting Evak
FYI
http://jamesdaltontrading.com/blog/2...-june-13-2011/
Appreciate it bro.
  • #2,947
  • Jun 20, 2011 8:46am Jun 20, 2011 8:46am
Did trades for both EU & GU for today's pullback or retracement. I'll just show the EU but GU's rather straight forward test of Asia low with good response.

Again EU P-formation suggest a need to facilitate trades further down when price retrace near 4200 which is my target reference for this pull back entry. Inventory was short..

European opening connect the dip in to 4200 with responsive as seen during AB period & entry was made after some slight dip during C period which saw London session traders INITIATES & lift the offers during D period back up to above Asia low.

Initial Risk to trade was 26 pips.

NY Session opening test onto Asia low & also traded pass Europe fair value with conviction showing good confidence. European inventory was mostly short.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_141 Jun. 20 21.43.gif Size: 42 KB
  • #2,948
  • Jun 20, 2011 10:46am Jun 20, 2011 10:46am
Quoting Evak
Did trades for both EU & GU for today's pullback or retracement. I'll just show the EU but GU's rather straight forward test of Asia low with good response.

Again EU P-formation suggest a need to facilitate trades further down when price retrace near 4200 which is my target reference for this pull back entry. Inventory was short..

European opening connect the dip in to 4200 with responsive as seen during AB period & entry was made after some slight dip during C period which saw London session traders INITIATES & lift the offers during D period...
Thanks for your great post, your analysis is getting more and more "intuitive", I'm started to use the session break up profile like you too, each balanced session give me a clue of reversal or continuation.

Keep it coming buddy
  • #2,949
  • Jun 20, 2011 11:36am Jun 20, 2011 11:36am
Quoting Evak
Hi all,

Don't have much time to grab any trade till yesterday as I'm still stuck in japan...

Waited for the news to settle & make an entry during NY....

1:Yesterday Asia P formation suggestion need to balance in London.
2: London balance & fail to take out Asia low with a spring test. Now a spike acceptance is my reference. London inventory was short.
3: Prior to news "A" period got markdown but reverse back up to my reference by "B" period.
4: Market entry was made, risk to trade around 20 pips then.
5: NY session extend all the way above...


Hi,

Welldone, please can you post the indicator, i love it, thanks
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,950
  • Jun 20, 2011 12:12pm Jun 20, 2011 12:12pm
It looks US session is in making of "P" profile..Still 3 more hrs to go.
Quoting Evak
Did trades for both EU & GU for today's
pullback or retracement. I'll just show the EU but GU's rather straight forward test of Asia low with good response.

Again EU P-formation suggest a need to facilitate trades further down when price retrace near 4200 which is my target reference for this pull back entry. Inventory was short..

European opening connect the dip in to 4200 with responsive as seen during AB period & entry was made after some slight dip during C period which saw London session traders INITIATES & lift the offers during D period...
  • #2,951
  • Jun 20, 2011 12:28pm Jun 20, 2011 12:28pm
I make a point to read JD's blog everyday, extremely useful learning material IMO. There is a comment in there today that sticks out about there being heavy shorts in stocks and professional money on the sidelines currently due to fed meeting this week. http://jamesdaltontrading.com/blog/2...-june-20-2011/

So reading between the lines, if there are heavy shorts but not from profesional money, that is a problem for for further downside continuation, no?
Change is the only constant
  • #2,952
  • Jun 21, 2011 4:11am Jun 21, 2011 4:11am
Quoting tgwhbb
I make a point to read JD's blog everyday, extremely useful learning material IMO. There is a comment in there today that sticks out about there being heavy shorts in stocks and professional money on the sidelines currently due to fed meeting this week. http://jamesdaltontrading.com/blog/2...-june-20-2011/

So reading between the lines, if there are heavy shorts but not from profesional money, that is a problem for for further downside continuation, no?

Great job here, Please can you post the indicator that allows you see previous week POC or monthly POC, thank you
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #2,953
  • Jun 21, 2011 6:00am Jun 21, 2011 6:00am
Quoting lordgbengs
Great job here, Please can you post the indicator that allows you see previous week POC or monthly POC, thank you
H lordgbengs, the indis are attached on this thread, look for the ones from bandung which start with ay-...there is MarketProfile DWM which shows MP overlayed on bar charts, and there is TPOChart which can show the TPO letters for daily profile. Both allow you to configure for either daily, weekly, monthly, etc.
Change is the only constant
  • #2,954
  • Jun 21, 2011 7:50am Jun 21, 2011 7:50am
Quoting tgwhbb
H lordgbengs, the indis are attached on this thread, look for the ones from bandung which start with ay-...there is MarketProfile DWM which shows MP overlayed on bar charts, and there is TPOChart which can show the TPO letters for daily profile. Both allow you to configure for either daily, weekly, monthly, etc.
hello there!!
If I wan to have tpo on charts, do I need "ay-marketprofileDWM..." indicator only or soemthing else??? Because I do not see where to set up tpo on mentioned indicator.???Please help!
  • #2,955
  • Jun 21, 2011 9:09pm Jun 21, 2011 9:09pm
Price is at WPOC (1.4362)...it might go again to YPOC (1.4214) or to weekly 1st SD(1.4432)
The Market pays you to be disciplined
  • #2,956
  • Jun 22, 2011 7:01am Jun 22, 2011 7:01am
Quoting pilatus
hello there!!
If I wan to have tpo on charts, do I need "ay-marketprofileDWM..." indicator only or soemthing else??? Because I do not see where to set up tpo on mentioned indicator.???Please help!
if you want tpo on charts you need the ay-TPOChart indicator, and set ModeLetter to true.

DWM will give you histogram and VA and is useful if you also want to look at bar/candlestick charts with MP on them.
Change is the only constant
  • #2,957
  • Jun 22, 2011 9:17am Jun 22, 2011 9:17am
Quoting tgwhbb
if you want tpo on charts you need the ay-TPOChart indicator, and set ModeLetter to true.

DWM will give you histogram and VA and is useful if you also want to look at bar/candlestick charts with MP on them.
Excellent!!! Thanks a lot!!)))
  • #2,958
  • Jun 22, 2011 11:39am Jun 22, 2011 11:39am
compared to other value areas, the ay-marketprofileDWM indicator show a bit different areas.. i dont know if i can trust these levels
  • #2,959
  • Jun 22, 2011 12:03pm Jun 22, 2011 12:03pm
Quoting baggermatsch
compared to other value areas, the ay-marketprofileDWM indicator show a bit different areas.. i dont know if i can trust these levels

Overall, what did you want to say?
The Market pays you to be disciplined
  • #2,960
  • Jun 22, 2011 5:49pm Jun 22, 2011 5:49pm
Quoting baggermatsch
compared to other value areas, the ay-marketprofileDWM indicator show a bit different areas.. i dont know if i can trust these levels
I purposefully use the indicator for a volume profile vs the TPOChart indicator which gives a time profile. Maybe that is why you are seeing a different VA?
Change is the only constant
17 traders viewing now