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Auction Market Theory and Market Profile

  • #3,221
  • Aug 27, 2011 1:57am Aug 27, 2011 1:57am
Quoting Evak
Right off the spike base again...or 4327 to be exact..

I manage to grab a long as i was anticipating this unfair low after exceeding 3xib, personally i doubt that it would be an excess again, against yesterdays low since that low was an excess by itself...

Initial risk to trade was 15pips...after that 5 mins pullback on increase volume. Target to 4400 & 4500 or higher...

http://img641.imageshack.us/img641/5...1aug262352.gif

Uploaded...
I watch those spike reach US session 4xIb, which is 4327 as thursday US session low, but my mind is jammed and my finger is frozen, the devil whispering in my ears, how can a banana tree be chop twice?

Physiologically strength I'm just not that fit.

Kave, this week you are like manny pacquiao you escape every punch, and you left and right hook the hell out of your opponent.

I'm taking a bow to you my friend.
  • #3,222
  • Aug 27, 2011 2:21am Aug 27, 2011 2:21am
Quoting Evak
I have included a template customize for with color scheme easy on the eye . Also the modified indi that includes 1.5x,2x & 3x IB bars. Credit goes to mzvega for this mod. tks. Of coz not forgetting bandung
Sorry to revisit this subject again, but the template you sent was set to H1 for the "DailyProfileDataTF". Kang_Gun recommended a setting of M30, but that significantly changes the TPO for the day. Since you are using only the first hour for the IB, does that data come from this field (DailyProfileDataTF)?--and is that why it is set to H1? If so, would setting it to M30 and then changing the "DailyIBNumBars" to 2 (instead of 1) make the same difference for the IB?

Thanks,
Neo
Sentiment: Short on cash. Long on hope.
  • #3,223
  • Edited 11:57am Aug 27, 2011 11:14am | Edited 11:57am
Quoting NeoRio
Since you are using only the first hour for the IB, does that data come from this field (DailyProfileDataTF)?--and is that why it is set to H1? If so, would setting it to M30 and then changing the "DailyIBNumBars" to 2 (instead of 1) make the same difference for the IB?

Thanks,
Neo
"does that data come from this field (DailyProfileDataTF)?"-- NO
"would setting to M30 and then changing the "DailyIBNumBars" to 2 (instead of 1) make the same difference for the IB?"--Yes, if "DailyIBTf"=30


The “ProfileDataTf” is based on the bars that build the profile.
These are the defaults:
DailyProfileDataTf = "M30"; the profile is built using 30m bar rotaions. Each letter representing 1 30m time period
WeeklyProfileDataTf = "H1"; the weekly profile is built on 1h bar rotaions . Each letter representing 1 1h time period
QuarterlyProfileDataTf = "D1"; the profile is built using D1 bar rotaions. Each letter representing 1 D1 time period
YearlyProfileDataTf = "D1"; the profile is built using D1 bar rotaions. Each letter representing 1 D1 time period. I personally use W1 (imo 52wk rotations is a better fit than 365 d1 rotations

But the text book standard is 30m bar rotations for daily profile. But just know if you set it for H1 the profile will be built using 1h bar rotations. The tf you choose will determine what bars will be used to build the profile. Your free to adjust to the tf of your choosing
The IB time frame is totally independent of the profile tf data. IB tf is the tf you want to use for IB. If you want the first 2 30m bars as IB : DailyIBTf=30m DailyIBNumBars=2. You could also do DailyIBTf=15m DailyIBNumBars=4. Same thing. Or even DailyIBTf=5m DailyIBNumBars=12. and DailyIBTf=H1 DailyIBNumBars=1. All achieve about the same result.
Adjusting the row height number helps your view also. I use 30m ProfileDataTf with 3-4 row height.
I like to monitor at the hourly chart, but I keep the standard profile setting the same. I just change the chart tf.
Markets are not efficient, rather they are effective - Jones
  • #3,224
  • Edited 1:54pm Aug 27, 2011 1:33pm | Edited 1:54pm
Quoting mzvega
"does that data come from this field (DailyProfileDataTF)?"-- NO
"would setting to M30 and then changing the "DailyIBNumBars" to 2 (instead of 1) make the same difference for the IB?"--Yes, if "DailyIBTf"=30


The “ProfileDataTf” is based on the bars that build the profile.
These are the defaults:
DailyProfileDataTf = "M30"; the profile is built using 30m bar rotaions. Each letter representing 1 30m time period
[font=Verdana][size=2]WeeklyProfileDataTf...
Maybe better explanation needed:
Its works different ways.
Just setting it to DailyIBTf=H1 DailyIBNumBars=1 is the least complicated imo for others to understand imo. No matter what tf your using the IB will in essence is the first hourly "BAR ". Lets say your market opens on the half hour, the middle of the current 1h bar. The IB set at H1 will still have 30m worth of data from the past when the the Ib and extentions are built. Because its using the whole hourly bar as reference.(if your profile begins on the hour it makes no difference)
Now if you want to narrow and be more precise to the tf your trading. example, 12 5m bars=1h , but not every sequence of 12 5m bars= the current the hourly bar. So no matter the time or tf you start your profile Adust if you want the tf to give a more precise first hours range. So if i am trading a 5m chart DailyIBTf=5m DailyIBNumBars=12 will give me the first 12 bars as IB first hours range, not the current hourly bar which may have started in the past. If not the IB & ext. will be built off the first hour bar. If your trading a 15m chart DailyIBTf=15m DailyIBNumBars=4

Play around with the indicator, trial and error is the only way to find what works for you and your trading style
Markets are not efficient, rather they are effective - Jones
  • #3,225
  • Aug 27, 2011 3:26pm Aug 27, 2011 3:26pm
Quoting mzvega
I like to monitor at the hourly chart, but I keep the standard profile setting the same. I just change the chart tf.
Thank you.

Neo
Sentiment: Short on cash. Long on hope.
  • #3,226
  • Aug 28, 2011 10:56am Aug 28, 2011 10:56am
Quoting NeoRio
Sorry to revisit this subject again, but the template you sent was set to H1 for the "DailyProfileDataTF". Kang_Gun recommended a setting of M30, but that significantly changes the TPO for the day. Since you are using only the first hour for the IB, does that data come from this field (DailyProfileDataTF)?--and is that why it is set to H1? If so, would setting it to M30 and then changing the "DailyIBNumBars" to 2 (instead of 1) make the same difference for the IB?

Thanks,
Neo

Changing the TF to grap the TPO, only change the count but not the shape of the profile; a P will still look like a P. Daily profile using H1 is good for visualizing the landscape, it just like compressing half what the TPO counts.
M30 should be fine, I do change to H1 occasionally though for reason stated above.

As mzvega have already explain the IBtimeframe i will not go into it. But as i mentioned b4 previously. For daily profile starting from UK i use the 1H of data range of IB, TK opening i use 4 hours. BUt UK is now my preference. mzvega & some of the readers may stick to using TK open. Is up to u.

As for the diff font u have previously i think i know the reason. The indi provided was still base on the consolas font where else my template was created with the indi with my prefe Arial font. Anyway i will be posted the package shortly ..
  • #3,227
  • Aug 28, 2011 10:59am Aug 28, 2011 10:59am
Kave,
How do u plan your game next week?

now price back to the top of the range again, and we have not see the selling tail for the past few day.

Possible scenario?
  • #3,228
  • Edited Aug 29, 2011 6:37am Aug 28, 2011 11:17am | Edited Aug 29, 2011 6:37am
Ok here is both the daily & session profile indicator package with its associated files with moded IB that includes 1.5x,2x & 3xIB bars. (Credit goes to mzvega), I have include a template for daily & 3 session template to get u started.

NOTE: Template is set on IBFX with GMT0. If your Broker GMT let say GMT+2 then adjust the variable "DayStartHour" & "Session hour & color" section of indi ay-TPOChart.v1.02b.mq4 accordingly. Simply add to the numbers..e.g 7+2 =9. For ay-TPOChart-Session.v.100b.mq4
templates

tpo-day-UK.tpl (daily profile set to UK open)

session template:
tpo-session-0-7-12.tpl (pit session of TK,UK + US electronic)
tpo-session-0-7-13.30.tpl (pit session of TK,UK & US)
tpo-session-22-0-13.30.tpl (combine TK&UK session as overnight to US pit session)

Ok so the rest is up to u chaps...

download here..

edit: download here
  • #3,229
  • Edited 11:33am Aug 28, 2011 11:21am | Edited 11:33am
Quoting alexm
Kave,
How do u plan your game next week?

now price back to the top of the range again, and we have not see the selling tail for the past few day.

Possible scenario?
Either a gap up above 4500. Then we need to see how the gap hold b4 till European session. Else a dip back to 4450 could be on the cards too. Or simply puts the Friday POC should not gain any control else we would be back to rotation so to speak...
  • #3,230
  • Aug 28, 2011 11:28am Aug 28, 2011 11:28am
I tried on several platforms( different brokers) to instal those indicators and doesnt show up at all on any of the platforms...anyone knows solution?
The Market pays you to be disciplined
  • #3,231
  • Aug 29, 2011 4:04am Aug 29, 2011 4:04am
Quoting mima
I tried on several platforms( different brokers) to instal those indicators and doesnt show up at all on any of the platforms...anyone knows solution?
If you used the "sessions" templates, they should have worked. It was the "daily" TPO templates that (after overwriting the old TPO indicators) showed up as blank. I may have different versions of the indicators/library files/include files/scripts in my MT4 folder, as now it's running much more sluggish than normal. It might be helpful to consolidate all the files that we need and remove all the other (older) files.

Regards
Sentiment: Short on cash. Long on hope.
  • #3,232
  • Aug 29, 2011 6:35am Aug 29, 2011 6:35am
Quoting NeoRio
If you used the "sessions" templates, they should have worked. It was the "daily" TPO templates that (after overwriting the old TPO indicators) showed up as blank. I may have different versions of the indicators/library files/include files/scripts in my MT4 folder, as now it's running much more sluggish than normal. It might be helpful to consolidate all the files that we need and remove all the other (older) files.

Regards

Sorry folks, a typo was found in the daily tpo indi code. I have corrected it & also updated the daily template. The session ones are ok as Neo have pointed out.

Attached File(s)
File Type: rar TPO package.rar   77 KB | 1,502 downloads


........................
  • #3,233
  • Aug 29, 2011 6:43am Aug 29, 2011 6:43am
Hey, i'm new to the Market Profile, i've just read the three main published books on the subject.

What software are you using to trade? I've come across Investor RT which i'm hoping to do some demo with.
  • #3,234
  • Aug 29, 2011 7:03am Aug 29, 2011 7:03am
Quoting NeoRio
....as now it's running much more sluggish than normal. ......

Regards
I have just notice the MT4 have a update release dated 25 Aug 2011 Build 406. After updating to this 2 of my MT4 setup have slow down significantly when when opening a template or switching profiles...loading time slows down from 2 to 8 seconds...

I have kept my 402 builds usually b4 i update it. None have this sluggishness...

FYI
  • #3,235
  • Aug 29, 2011 7:13am Aug 29, 2011 7:13am
http://i55.tinypic.com/jv5301.gif

Comment please?

KG
  • #3,236
  • Edited 9:46am Aug 29, 2011 9:06am | Edited 9:46am
Quoting Evak
I have just notice the MT4 have a update release dated 25 Aug 2011 Build 406. After updating to this 2 of my MT4 setup have slow down significantly when when opening a template or switching profiles...loading time slows down from 2 to 8 seconds...

I have kept my 402 builds usually b4 i update it. None have this sluggishness...

FYI
just spoke to tech support for IBFX. They have not updated to 406. At least for their live accounts, he didnt mention demo. But Ive had this problem before. before Ive updated my mt4 to a newer build when my broker didnt. Sometime the new updates are buggy and very soon after you have to update again. Ibfx's platform will update on its own, as needed, by your broker as they adjust their system. But if you add changes to your platform that dont reflect changes your broker made your bound for problems. Id suggest contacting your broker and see if they are adopting the new build. Most might wait until the bugs are worked out, then update to that better build.

Edit: My platform has been running fine
Markets are not efficient, rather they are effective - Jones
  • #3,237
  • Aug 29, 2011 10:17am Aug 29, 2011 10:17am
Quoting Kang_Gun
http://i55.tinypic.com/jv5301.gif

Comment please?

KG
FYI...my Point of view using Wyckoff again on this. I hope is self explanatory..
http://img405.imageshack.us/img405/4...6aug292307.gif

there could be a pull back up for better short entry..

Chart on 15min:
http://img217.imageshack.us/img217/2...8aug292312.gif

Session profile with long inventory prior to US...
http://img685.imageshack.us/img685/6...9aug292315.gif

Uploaded with ImageShack.us
  • #3,238
  • Aug 29, 2011 10:24am Aug 29, 2011 10:24am
Quoting Evak
FYI...my Point of view using Wyckoff again on this. I hope is self explanatory..
http://img405.imageshack.us/img405/4...6aug292307.gif

there could be a pull back up for better short entry..

Chart on 15min:
http://img217.imageshack.us/img217/2...8aug292312.gif

Session profile with long inventory prior to US...
http://img685.imageshack.us/img685/6...9aug292315.gif

Uploaded...
Thanks Kave, it's very clear...

KG
  • #3,239
  • Edited 11:23am Aug 29, 2011 11:05am | Edited 11:23am
Quoting Evak
FYI...my Point of view using Wyckoff again on this...
Kave, here my two questions:

- which resources on Wyckoff do you suggest?
- which broker (for data/demo) do you use (besides broco)?

Thanks,
Ox
  • #3,240
  • Aug 29, 2011 11:35am Aug 29, 2011 11:35am
eur/usd

SSHHHHHHHH!!!, I think I see a bear, you might scare him away!
Markets are not efficient, rather they are effective - Jones
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