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Auction Market Theory and Market Profile

  • #3,001
  • Jun 27, 2011 7:07pm Jun 27, 2011 7:07pm
Quoting tgwhbb
Kave, Claudia, alex, mima et al. here are my thoughts of the end of this week. Input appreciated. left chart is daily profile, right is session profiles.

In short i'm seing weakness with no follow thru, time for a short covering rally and watch to see if we get new buying with that?
I suspect the anomaly marked in this post above will now get repaired. But i still see a dip back to 4130 area as highly probable as mentioned in last post due to anomalies as marked on this chart.
Attached Image
Change is the only constant
  • #3,002
  • Jun 27, 2011 8:57pm Jun 27, 2011 8:57pm
Quoting tgwhbb
Alex, my daily volume looks normal on my broker. Can you post what you are seeing?

Weekly IB currently at 226 pips, like last week a wide range, indicative that the week should not extend much past the extremes, but if it does and gains acceptance, that signifies other TF participants initiating the move. Today's session profiles look like in dire need of repair... with plenty of anomalies all over the place and POC down at 4125. Note price stopped at 4330 during Asia and that level is the monthly POC, curious time to be testing it...
I think my broker change the mt4 platform from 4 digit to 5 digit, that might be the reason that cause the volume to increase so much. but im not sure 100%

Here is the chart.
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  • #3,003
  • Jun 28, 2011 8:26am Jun 28, 2011 8:26am
short from 4319. the stop hunting is irresistible plus we have a balanced asian & almost balanced europe session, I'm picking entry from my 1 min chart.

If we have complete balanced profile today, I'm anticipate price might seek for buyer in yesterday low.
  • #3,004
  • Jun 28, 2011 9:29am Jun 28, 2011 9:29am
Reverse to buy at 4345, with good volume support at the break out. targeting last week high.
  • #3,005
  • Jul 1, 2011 1:58am Jul 1, 2011 1:58am
My window dressing week is done.
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  • #3,006
  • Jul 1, 2011 3:22am Jul 1, 2011 3:22am
What do you see in yesterday high? The "Yummy stops"!!! For the feel good seller.

The volume is telling a beautiful story. Which does not lie like any other mickey mouse indicator. Trade location like this give the greatest reward. If you have d ballz to attack backward for a quick buck.

Dotted red line is yesterday high. Vertical line is the volume that drop right at that level, price continue to goes up but once it cross yesterday.
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  • #3,007
  • Jul 1, 2011 11:17am Jul 1, 2011 11:17am
I have not traded for a while let alone ES using my TOS platform. Free time today & i see some opportunity despite Yesterday's NY rally.

1:After yesterdays NY rally market seem to balance.
2:Waited for Asia session to to form the range.
3: London session seems to find good support off Asia session low, here i have my reference, the other reference is the fair value area.
4: London session Auctioning or hovering above the NY fair value most of the time.
5: NY opening test onto fair value with a shakeout off NY, & took out the highs...

Overnight session, being the Tokyo & London combine was mostly Long but the market didn't care.

Chart is set to Market open instead of Forex opening hours.
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  • #3,008
  • Jul 1, 2011 11:52am Jul 1, 2011 11:52am
GU have two Long Liquidation Break (LLB) for both yesterday & today's London session.

Wholesale price seems to be piling up on those clusters of POC for GU. London session did not take out Asia low & after reversing back up prior to NY open. Now with a b formation. My reference now is 1.6000 & London POC. London inventory was Short.

NY opening test back onto Asia low hitting my buy limit. Initial risk to trade was Asia low. Not expecting much range extension today though judging my current IB range, despite those LLBs.

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  • #3,009
  • Jul 1, 2011 8:33pm Jul 1, 2011 8:33pm
Quoting Evak
GU have two Long Liquidation Break (LLB) for both yesterday & today's London session.

Wholesale price seems to be piling up on those clusters of POC for GU. London session did not take out Asia low & after reversing back up prior to NY open. Now with a b formation. My reference now is 1.6000 & London POC. London inventory was Short.

NY opening test back onto Asia low hitting my buy limit. Initial risk to trade was Asia low. Not expecting much range extension today though judging my current IB range, despite those LLBs.

Attachment ...
Have not look at GU yet, but for EU, the sign of going higher is weaken, that is a 2 day balanced profile and overlapping value area, and a false break at the top yesterday, price might test the friday high again, if they found nothing up there, then a short is ideal.
  • #3,010
  • Jul 8, 2011 10:36am Jul 8, 2011 10:36am
bandung,
I would really appreciate it so much if you help me applying the mini market profile on the MT4 chart, I downloaded the file and placed in the indicator folder but it does show on my charts....

I want to see the profile for each hour of market data on the 5min chart...

thanks alot in advance...

hdanial
  • #3,011
  • Jul 8, 2011 11:11am Jul 8, 2011 11:11am
I think you can offer him a cut of coffee at his blog, he might be able to help you. good luck
  • #3,012
  • Jul 8, 2011 2:07pm Jul 8, 2011 2:07pm
hi all,

haven't been able to trade much lately, too busy at work...last day before vacation, so won't be online much in the next couple of weeks either. I wanted to leave you with Robin Mesch's latest quarterly outlook report, as well as as webcast that i found very useful.

Many pips to all!

http://www.cmegroup.com/education/fi...11_Edition.pdf

http://www.cmegroup.com/education/in...t-profile.html
Change is the only constant
  • #3,013
  • Jul 9, 2011 6:49am Jul 9, 2011 6:49am
Quoting tgwhbb
hi all,

http://www.cmegroup.com/education/fi...11_Edition.pdf

http://www.cmegroup.com/education/in...t-profile.html
Thank you for links...
The Market pays you to be disciplined
  • #3,014
  • Jul 10, 2011 4:08pm Jul 10, 2011 4:08pm
Quoting tgwhbb
hi all,

haven't been able to trade much lately, too busy at work...last day before vacation, so won't be online much in the next couple of weeks either. I wanted to leave you with Robin Mesch's latest quarterly outlook report, as well as as webcast that i found very useful.

Many pips to all!

http://www.cmegroup.com/education/fi...11_Edition.pdf

http://www.cmegroup.com/education/in...t-profile.html
Thank you for the shared sentiment!

May I ask how did you get this information? is this information public?
  • #3,015
  • Jul 12, 2011 2:55pm Jul 12, 2011 2:55pm
Quoting mima
Well, China has visited EZ and UK this weekend...For some reason I am sure this visit will be reflected on EUR...How much and on which way I have no clue...
Well, It seems that China couldn't stop inevitable...
The Market pays you to be disciplined
  • #3,016
  • Jul 12, 2011 3:13pm Jul 12, 2011 3:13pm
Quoting mima
I think that perception of value is not changed yet...On YMP price is going forward ....to 1.3732 or so( ...which is 1stSD). On DMP there is responsive buying but 1st SD at 1.4204 might hold it...
It took too long to return south...overall it is on the way again to 1SD on YMP...
The Market pays you to be disciplined
  • #3,017
  • Jul 12, 2011 11:59pm Jul 12, 2011 11:59pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting tgwhbb
hi all,

haven't been able to trade much lately, too busy at work...last day before vacation, so won't be online much in the next couple of weeks either. I wanted to leave you with Robin Mesch's latest quarterly outlook report, as well as as webcast that i found very useful.

Many pips to all!

http://www.cmegroup.com/education/fi...11_Edition.pdf

http://www.cmegroup.com/education/in...t-profile.html
Nice webcast taking that alone eur/usd should get ~1.4080 and gbp/usd has one area above present price and one below...hmmm
  • #3,018
  • Jul 14, 2011 11:08pm Jul 14, 2011 11:08pm
Have fun Jamie

Quoting tgwhbb
hi all,

haven't been able to trade much lately, too busy at work...last day before vacation, so won't be online much in the next couple of weeks either. I wanted to leave you with Robin Mesch's latest quarterly outlook report, as well as as webcast that i found very useful.

Many pips to all!

http://www.cmegroup.com/education/fi...11_Edition.pdf

http://www.cmegroup.com/education/in...t-profile.html
  • #3,019
  • Jul 17, 2011 7:42pm Jul 17, 2011 7:42pm
It might go to last week VAL on WMP which is 1.4030 or so...
The Market pays you to be disciplined
  • #3,020
  • Jul 18, 2011 1:43am Jul 18, 2011 1:43am
Quoting mima
It might go to last week VAL on WMP which is 1.4030 or so...
Yes it is there..now professionals might have target at 2SD on WMP which is 1.3948 or so...
The Market pays you to be disciplined
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