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Auction Market Theory and Market Profile

  • #3,561
  • Oct 24, 2011 3:58am Oct 24, 2011 3:58am
Looking possible inventory adjustment after the long inventory prior to European opens.....Took a short entry as just after Frankfurt opens as it fails to take out the Asia high. UK opens above VAH & initiates downwards...

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  • #3,562
  • Oct 24, 2011 7:53am Oct 24, 2011 7:53am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
I would like to know when after Frankfurt you entered the trade. You waited for second half of hour to confirm the excess from first half?
Thank's
  • #3,563
  • Oct 24, 2011 9:05am Oct 24, 2011 9:05am
Quoting s7c
I would like to know when after Frankfurt you entered the trade. You waited for second half of hour to confirm the excess from first half?
Thank's
Yes..& alsothat the low of the A period of Frankfurt open is breach. My entry was on the slight pullback - just a little. This is a very aggressive entry...
  • #3,564
  • Oct 24, 2011 9:41am Oct 24, 2011 9:41am
Quoting Evak
Looking possible inventory adjustment after the long inventory prior to European opens.....Took a short entry as just after Frankfurt opens as it fails to take out the Asia high. UK opens above VAH & initiates downwards...
you mean responsive bro..?
...
  • #3,565
  • Edited 3:22pm Oct 24, 2011 11:59am | Edited 3:22pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
the trade evak took was a nice trade but unfortunately i usually have to sleep at the time when london opens and miss allot of trades, like this one...
i took a trade in us session though:
i went long today after range extension of ny initial balance (point 2) failed to auction lower (point 3) and tested the london low (point 1). we didn't have an excess so i think short term or medium term starts the one time frame at TPO nr 3 (point 3)and because of that and because we are still bracketing and we are at the top of the bracket, i entered at point nr 4 and had as a target, for a part of the position asia high (point 5) but closed the rest after i see the market get in balance again. summed all of above i'm satisfied with my trade...i would appreciate any comment regarding it
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  • #3,566
  • Edited 1:58pm Oct 24, 2011 1:42pm | Edited 1:58pm
Quoting s7c
the trade evak took was a nice trade but unfortunately i usually have to sleep at the time when london opens and miss allot of trades, like this one...
i took a trade in us session though:
i went long today after range extension of ny initial balance (point 1) failed to auction lower (point 3) and tested the london low (point 2). we didn't have an excess so i think short term or medium term starts the one time frame at TPO nr 3 (point 3)and because of that and because we are still bracketing and we are at the top of the bracket, i entered at point...
U mentioned point 2 tested London low, I think there is an error there as London low is actually the lowest point of today or the low at your point 1.

Just in case u did not notice, point 1 & 3 actually test the low of Tokyo session. So we have a double test on this level in which price fails to auction lower....

The US opens & initiates upwards to & price begins to OTF up.

My entry was at A & your entry was at B...nice entry as the SL can be kept smaller there as compare to A. B is also an US session auction point.

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  • #3,567
  • Oct 24, 2011 1:48pm Oct 24, 2011 1:48pm
Quoting bandung
you mean responsive bro..?
It should be initiate as this term refers to aggressive entrance of buyers or sellers after a response have occur.

Another words if there are enough Sellers absorbing (responding) to Buyers (matching orders) then this is the response. But price will not move until aggressive sellers INITIATES & push price downwards...hence.

So the above example that i show to s7c (see chart), Shows the "test" at period i, this is the response. Only until US pit session opens u see aggressive buyers initiates & lift the offers higher, which is at period N.


make sense ?
  • #3,568
  • Oct 24, 2011 3:20pm Oct 24, 2011 3:20pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
U mentioned point 2 tested London low, I think there is an error there as London low is actually the lowest point of today or the low at your point 1.

Just in case u did not notice, point 1 & 3 actually test the low of Tokyo session. So we have a double test on this level in which price fails to auction lower....

The US opens & initiates upwards to & price begins to OTF up.

My entry was at A & your entry was at B...nice entry as the SL can be kept smaller there as compare to A. B is also an US session auction point.

http://img827.imageshack.us/img827/8...3oct250224.gif

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sorry seems i got messed up in my own work and i argue with the wrong points...i saved the cart in order to post my entry and it past few minutes till i actually wrote the post. i will make the necessarily corrections right now. you have set a different us session starting hour and you entered at range extension up, basically i followed the same principle but my initial balance was different and i already had a down range extension so after it extended up i wanted some extra confirmation...
thank's for your reply, by the way, you're still in?
  • #3,569
  • Edited 7:57pm Oct 24, 2011 7:43pm | Edited 7:57pm
Quoting Evak
It should be initiate as this term refers to aggressive entrance of buyers or sellers after a response have occur.

Another words if there are enough Sellers absorbing (responding) to Buyers (matching orders) then this is the response. But price will not move until aggressive sellers INITIATES & push price downwards...hence.

So the above example that i show to s7c (see chart), Shows the "test" at period i, this is the response. Only until US pit session opens u see aggressive buyers initiates & lift the offers higher, which is at period...
that a bit advanced to me , but ur trade logic is make sense.

When I say responsive because of Friday higher value, so any selling above value is responsive.

thanks man.
...
  • #3,570
  • Oct 25, 2011 12:43am Oct 25, 2011 12:43am
bandung, your latest indicator is fantastic. great work!!
i wanted to ask on what base are bars colored as sell/buy/neutral?

p.s. alright, i found the answer on your blog...
Nihil Sine Deo.
  • #3,571
  • Oct 25, 2011 3:01am Oct 25, 2011 3:01am
Quoting Scrat
bandung, your latest indicator is fantastic. great work!!
i wanted to ask on what base are bars colored as sell/buy/neutral?

p.s. alright, i found the answer on your blog...
thank you sir..
...
  • #3,572
  • Oct 25, 2011 8:12am Oct 25, 2011 8:12am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
i wanna post a trade i didn't toked, i thought about'it but i considered the price action from overnight to messy...and even yesterday was first day when we closed above bracket, it wasn't to strong and weekly seems undecided if to het initiative or responsive
point 1-excess after it test the yesterday high;
point 2-test of excess;
point 3-open test drive at my ny open set time

i'm curious what you guy's think
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  • #3,573
  • Edited 9:57am Oct 25, 2011 9:45am | Edited 9:57am
Quoting s7c
i wanna post a trade i didn't toked, i thought about'it but i considered the price action from overnight to messy...and even yesterday was first day when we closed above bracket, it wasn't to strong and weekly seems undecided if to het initiative or responsive
point 1-excess after it test the yesterday high;
point 2-test of excess;
point 3-open test drive at my ny open set time

i'm curious what you guy's think
Just so long as the excess indicates good volume as it capitulates, that should help u to ascertain that responsive activity is in place for that effort to take out previous high.

Essentially the Asia session this morning was the continuation of the balance distribution established after NY rally. So u have a good indication of where the trade locations are for both above & below value.

Note that after the excess on your chart in period 7, period 8 was actually an inside bar & period 9 breach the low of 8, that is when aggressive sellers initiates the move down, ending the one-time-framing (OTF) up & hence reverses the the move..I did took that entry & manage to close my 1st portion at 3900 but the whip saw took out my remaining, but still pretty good net.
  • #3,574
  • Oct 25, 2011 11:15am Oct 25, 2011 11:15am
Exploiting on today's rotational play, took my 2nd trade of the day after the NY pit opening excess (shakeout) as it pullback during B period as can be seen in the 5mins chart. I reduce my 1st exposure just above 40 points, then we have another pullback into the same level. Initial SL was 10 pips & was retain till the 2nd pullback, remaining to 3950..


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  • #3,575
  • Oct 25, 2011 3:33pm Oct 25, 2011 3:33pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Exploiting on today's rotational play, took my 2nd trade of the day after the NY pit opening excess (shakeout) as it pullback during B period as can be seen in the 5mins chart. I reduce my 1st exposure just above 40 points, then we have another pullback into the same level. Initial SL was 10 pips & was retain till the 2nd pullback, remaining to 3950..


http://img39.imageshack.us/img39/484...oct260019z.gif

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...
i took the same trade but after the main pull back(where is your arrow)...but on mostly VSA considerations, so i'm not gonna detailed here...i closed it on AMT considerations though, because the price got in balance near by resistance, meaning it needs to action back down in order to find buyers
  • #3,576
  • Oct 26, 2011 6:08am Oct 26, 2011 6:08am
Does anybody have an MP indicator for MT4 where I can set specific times for the MP?? To see for example specific session profiles or the last 12 hour profile and so on.....

The one I am using from Bandung only has a preset of profiles I can look at and I would like to change that.

I would appreciate if someone can post his MP indicator with those specific setting possibilities.

Thanks
Everyday 1K keeps the doctor away ;-)...
  • #3,577
  • Oct 26, 2011 7:33am Oct 26, 2011 7:33am
With market under the Gun due to the unfolding EU summit, see have seen a rather elongated horizontal development yesterday but it did have an excess low. Market seems likely to go on a breakout.

Prior to Frankfurt open, price was mark down back into yesterday VAL, I took the trade just when it capitulated.

Initial risk to trade is 10pips & have reduce exposure to target at 3950 with 43 points, with remaining on risk free..


http://img36.imageshack.us/img36/195...5oct262035.gif


  • #3,578
  • Oct 26, 2011 9:32am Oct 26, 2011 9:32am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
With market under the Gun due to the unfolding EU summit, see have seen a rather elongated horizontal development yesterday but it did have an excess low. Market seems likely to go on a breakout.

Prior to Frankfurt open, price was mark down back into yesterday VAL, I took the trade just when it capitulated.

Initial risk to trade is 10pips & have reduce exposure to target at 3950 with 43 points, with remaining on risk free..


http://img36.imageshack.us/img36/195...5oct262035.gif


...
nice trade, not so good probability considering the price action but for sure a good risk/reward. to risky for me, though. now we got a little volatility from the summit, we test yesterday high and failed to extend the range on weekly. i considered to risky to enter just after it failed to find initiative buyers and waited for confirmation but when i got'it was to late to enter because would have been a poor trade location...the price just got into shake out area from yesterday, maybe we will get some steak
  • #3,579
  • Oct 26, 2011 12:27pm Oct 26, 2011 12:27pm
Quoting s7c
nice trade, not so good probability considering the price action but for sure a good risk/reward. to risky for me, though. now we got a little volatility from the summit, we test yesterday high and failed to extend the range on weekly. i considered to risky to enter just after it failed to find initiative buyers and waited for confirmation but when i got'it was to late to enter because would have been a poor trade location...the price just got into shake out area from yesterday, maybe we will get some steak
All was well for as i wasn't able to stick around for NY. I decided to pin down yesterday's high (3960)as my target for my remaining instead as i am sure by then this would be a sticking point.

It was a nice fake out response prior to NY pit open as the effort to auction fails to take out yesterday high, before it got initiated down. Did u manage to grab it some?
  • #3,580
  • Oct 26, 2011 4:52pm Oct 26, 2011 4:52pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
All was well for as i wasn't able to stick around for NY. I decided to pin down yesterday's high (3960)as my target for my remaining instead as i am sure by then this would be a sticking point.

It was a nice fake out response prior to NY pit open as the effort to auction fails to take out yesterday high, before it got initiated down. Did u manage to grab it some?
i didn't, i was expected allot of volatility today because of the summit and i didn't trust the fake out move and as i said when i got the confirmation was already to late for good entry. if we would had a normal day maybe i was open to risk more. another big problem is i don't know and seems is not a constant good choice of choosing when NY opens, i have set to 8am ny time and because of that my analysis showed a failure in taking out london's low+up range extension (point 1) so this summed with all from above made me just stare at the screen. if i was a better trader it was a second chance of going short after price took the asia low (point 2).
after we got an excess at this week low (point 3) i got excited again but the price seems it got accepted so this looked as a second distribution and i wasn't so sure anymore about this opportunity either so i left...if i was at present for sure i would have entered where is point 4, because we already have been in one time framing and we started to fill the excess between distributions.
k, so i hope i have learned something today. i would appreciate any commentary...
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