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Auction Market Theory and Market Profile

  • #3,581
  • Oct 26, 2011 5:01pm Oct 26, 2011 5:01pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
by the way could be this be interpreted as a short covering rallies? or the price structure which start from us pit session as a long liquidation break?
thank's
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  • #3,582
  • Edited 9:27pm Oct 26, 2011 9:14pm | Edited 9:27pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting s7c
by the way could be this be interpreted as a short covering rallies? or the price structure which start from us pit session as a long liquidation break?
thank's
i toked, unfortunately a short based on P formation after it breached and confirmed VAL and we have some anomalies under but it sems there are gonna be filled later(see the charts from my previous 2 post for a better picture), i had very low risk because we were not in a strong reference point area. after some missed good opportunities i had to take a bad trade, that's me...
now it seems market continues in one time framing, but i really didn't find a strong reason to enter. it breached yesterday high and fill the excess. i'm looking for signs of weakness but it seems it's a pretty strong move, kind of strange for asia...any ideas?
  • #3,583
  • Oct 27, 2011 12:28am Oct 27, 2011 12:28am
Quoting s7c
i toked, unfortunately a short based on P formation after it breached and confirmed VAL and we have some anomalies under but it sems there are gonna be filled later(see the charts from my previous 2 post for a better picture), i had very low risk because we were not in a strong reference point area. after some missed good opportunities i had to take a bad trade, that's me...
now it seems market continues in one time framing, but i really didn't find a strong reason to enter. it breached yesterday high and fill the excess. i'm looking for signs...
Liquidation break (that got rid of all those weak latent longs)- during the first 8 period after the NY pit session opens, u have a b formation. There was a balance session prior to Tokyo opens....

http://img695.imageshack.us/img695/4...3oct271326.gif

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  • #3,584
  • Oct 27, 2011 3:38am Oct 27, 2011 3:38am
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 ;-)...
  • #3,585
  • Oct 27, 2011 7:48am Oct 27, 2011 7:48am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Liquidation break (that got rid of all those weak latent longs)- during the first 8 period after the NY pit session opens, u have a b formation. There was a balance session prior to Tokyo opens....

http://img695.imageshack.us/img695/4...3oct271326.gif

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k, so if we will had recognized the long liquidation break and saw after the lack of sellers at the start of the asian session, we will avoid to take the excess formed after the break of yesterday high? because we have 2 opportunities to got short bot proved to be wrong, the auction came back and auction higher on low volume after every failure...on weekly view we finally extended with some success the initial range and seems initiation buyers are stronger then responsive selleres
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  • #3,586
  • Oct 27, 2011 8:32am Oct 27, 2011 8:32am
Quoting s7c
k, so if we will had recognized the long liquidation break and saw after the lack of sellers at the start of the asian session, we will avoid to take the excess formed after the break of yesterday high? because we have 2 opportunities to got short bot proved to be wrong, the auction came back and auction higher on low volume after every failure...on weekly view we finally extended with some success the initial range and seems initiation buyers are stronger then responsive selleres

Well let me put it this way. I am sure u have been aware of the bracketing nature EU pass 2 weeks or so. LLB footprints are over the place as essentially EU is accumulating. As JD puts it, LLB reverses the prior long position by liquidating rapidly, usually. It strengthen the market because it removes potential sellers as it clears out weak longs.

In addition one characteristics of LLB is that the rally after LLB also reverses price back into where it started. Eventually “a market has to break before it can rally” as he puts it.

Today's Tokyo initiatives after the response of that LLB after NY pit opens is a sign of conviction..

http://img404.imageshack.us/img404/3...3oct272128.gif

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  • #3,587
  • Oct 27, 2011 8:53am Oct 27, 2011 8:53am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Well let me put it this way. I am sure u have been aware of the bracketing nature EU pass 2 weeks or so. LLB footprints are over the place as essentially EU is accumulating. As JD puts it, LLB reverses the prior long position by liquidating rapidly, usually. It strengthen the market because it removes potential sellers as it clears out weak longs.

In addition one characteristics of LLB is that the rally after LLB also reverses price back into where it started. Eventually “a market has to break before it can rally” as he puts it.

Today's Tokyo...
seems i'm not mature enough yet as a trader and can't see the main picture clearly. if you didn't entered in asia at base, would you consider a potential entry after it retakes yesterday high after initial failure? seems pretty aggressive though...
thank's for you answer...
  • #3,588
  • Oct 27, 2011 11:16am Oct 27, 2011 11:16am
how would you trade this chart?
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Nihil Sine Deo.
  • #3,589
  • Oct 27, 2011 2:10pm Oct 27, 2011 2:10pm
Quoting s7c
seems i'm not mature enough yet as a trader and can't see the main picture clearly. if you didn't entered in asia at base, would you consider a potential entry after it retakes yesterday high after initial failure? seems pretty aggressive though...
thanksfor you answer...
Test of VAH got me interested in the early session. A was my first entry till Frankfurt & reduce all exposure after it retake the high but notice the price movement was rather cautions or rather lack of momentum that seems to suggest market not interested to move things down yet even after UK opens, which in fact reverse off the high X (see chart).

I took my 2nd trade on B after the market resumes OTF again. It was a set & forget trade as i don't have screen time there after. It was a good day as my target was a FIB base projected target to 4150.

http://img153.imageshack.us/img153/2...4oct280256.gif

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  • #3,590
  • Oct 28, 2011 3:45am Oct 28, 2011 3:45am
Waited for the market to tip off the Asia session balance. The UK opening provided the queue as it shakeout off Asia low. I also have the NY spike base as reference. Point C provided the best trade location for this IBR, after the responsive as it pulls back but i tend to wait for a reversal bar confirmation in the 5min chart. Price have since move out of IBR.

Risk to trade is 11p. Target to 4250 & 4300.

http://img842.imageshack.us/img842/1...0oct281627.gif

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  • #3,591
  • Oct 28, 2011 8:51am Oct 28, 2011 8:51am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Test of VAH got me interested in the early session. A was my first entry till Frankfurt & reduce all exposure after it retake the high but notice the price movement was rather cautions or rather lack of momentum that seems to suggest market not interested to move things down yet even after UK opens, which in fact reverse off the high X (see chart).

I took my 2nd trade on B after the market resumes OTF again. It was a set & forget trade as i don't have screen time there after. It was a good day as my target was a FIB base projected target to 4150.

http://img153.imageshack.us/img153/2...4oct280256.gif

Uploaded...
very nice, you took more pips yesterday then most of the traders i know...
2 questions:
-> every time after market retraced you took as a reference the tpo bar where market failed to auction lower, you let one more tpo bar to see if the price is accepted and then you entered at the end of the first tpo bar where you saw market is not interested to auction lower then the high of reference bar, right? why the high, why not just not to make a lower low or close in the middle?
-> the area of action was at yesterday high, weeks high and just a bit above of the previous bracket so the point is in such a strong resistance zone you didn't wanted to get more confirmation? for me it's very hard at this point to go short after break of support or long after break of resistance, i don't know i keep waiting for extra confirmation till i get more confused then before. i guess this confidence appears after a strong number of successful trades...
thank's...
  • #3,592
  • Oct 28, 2011 10:05am Oct 28, 2011 10:05am
Quoting s7c
very nice, you took more pips yesterday then most of the traders i know...
2 questions:
-> every time after market retraced you took as a reference the tpo bar where market failed to auction lower, you let one more tpo bar to see if the price is accepted and then you entered at the end of the first tpo bar where you saw market is not interested to auction lower then the high of reference bar, right? why the high, why not just not to make a lower low or close in the middle?
-> the area of action was at yesterday high, weeks high and just a bit above...
I am just playing with odds of price probability of trading high if price breaks above a previous TPO as it OTF up. Take for example the entry point at "A". G period is where price test the VAH & close back above low of F period. Higher risk entry point would be to trade the break above G period. This does not confirm OTF up yet but it does at least signal a probable change. H period forms the start of OTF. This is a good confirmation & one could place a trade above H or wait wait for a pullback half way down.

With regards to getting more confirmation about trading as price make higher high. See chart below. Notice the failure to auction lower during the F period & reverse back into IBR. This is the auction point as i watch it in realtime as price just struggle to go down even after Frankfurt failure to take out the highs. So it pays to watch the auction process reaction to its IBR. U can weed out useful market psychology here to stack your odds. Remember statistically over 90% (95% they say) of the lows or highs are established during the IBR. This is a huge number & should not be ignore. If market trying to go Neutral then u have to ask yourself why.

http://img706.imageshack.us/img706/2...1oct282230.gif

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  • #3,593
  • Oct 28, 2011 10:19am Oct 28, 2011 10:19am
My earlier trade was scratch pity as I can't monitor it as i have to set & forget.

The following trade was taken in view of market inventory adjustment back into control of the TK/UK balance (at the very least). Market order place on the open price of NY or just seconds after it opens.

Exposure reduce on 1st target to VAH of TK/UK profile. Initial risk was 11p.


http://img202.imageshack.us/img202/7...2oct282312.gif

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  • #3,594
  • Oct 28, 2011 12:00pm Oct 28, 2011 12:00pm
Quoting Evak
My earlier trade was scratch pity as I can't monitor it as i have to set & forget.

The following trade was taken in view of market inventory adjustment back into control of the TK/UK balance (at the very least). Market order place on the open price of NY or just seconds after it opens.

Exposure reduce on 1st target to VAH of TK/UK profile. Initial risk was 11p.


http://img202.imageshack.us/img202/7...2oct282312.gif

Uploaded...
Nice trade K, seem you always grab some pips, pocket full of kryptonite
I always dejavu between reading MoM/JD and your trade commentary
when time permit you must tell me your mp process journey

btw, I do a little experiment with your iVolume, I combine it with Better Volume, so we get your UP and Down Volume criteria, and Better Volume's criteria : climax churn(magenta), climax volume (up/down - red/white), high churn (green), low volume.
please take a look image below(third sub window), what do you thing?
Attached Image
...
  • #3,595
  • Oct 28, 2011 12:03pm Oct 28, 2011 12:03pm
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 ;-)...
  • #3,596
  • Oct 28, 2011 12:22pm Oct 28, 2011 12:22pm
Quoting Bax80
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
hi box you PM'ed about this, sorry for lately reply.
you can use my lates TPO Chart Session indicator (v1.20)
set EnableMergeProfile to true and and MergeProfile to A.
don't forget to set session open time to match your broker.
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  • #3,597
  • Oct 28, 2011 12:48pm Oct 28, 2011 12:48pm
Quoting bandung
Nice trade K, seem you always grab some pips, pocket full of kryptonite
I always dejavu between reading MoM/JD and your trade commentary
when time permit you must tell me your mp process journey

btw, I do a little experiment with your iVolume, I combine it with Better Volume, so we get your UP and Down Volume criteria, and Better Volume's criteria : climax churn(magenta), climax volume (up/down - red/white), high churn (green), low volume.
please take a look image below(third sub window), what do you thing?
I'll grab any swing trade i can . Me still learning as i go about MP, I am sure there are folks here with JD like precision but still taking cover....

Your mod on the volume indi is bloody neat. U know the funny thing is the reason i modded iVolume was becoz I found BV is lacking in some areas like what i wanted in iV. Now u have combine both which at least on first sighting, it makes sense out of those Neutral bars in BV which was one of my pet peave with this indi..

Are u planing to incorporate it into session indi in the future?
  • #3,598
  • Oct 28, 2011 12:54pm Oct 28, 2011 12:54pm
Quoting Evak
I'll grab any swing trade i can . Me still learning as i go about MP, I am sure there are folks here with JD like precision but still taking cover....

Your mod on the volume indi is bloody neat. U know the funny thing is the reason i modded iVolume was becoz I found BV is lacking in some areas like what i wanted in iV. Now u have combine both which at least on first sighting, it makes sense out of those Neutral bars in BV which was one of my pet peave with this indi..

Are u planing to incorporate it into session indi in the future?
ya i think so... when moods permit
have a nice weekend bro
...
  • #3,599
  • Oct 28, 2011 12:55pm Oct 28, 2011 12:55pm
Quoting bandung
ya i think so... when moods permit
have a nice weekend bro
U know is a Non-trend day today & RF is 8 as we speak. Looks like EU is gona to poop again... A shakeout onto 4100 would be the deal i reckon ;

Have a nice wkend too!
  • #3,600
  • Oct 28, 2011 5:29pm Oct 28, 2011 5:29pm
Quoting bandung
...btw, I do a little experiment with your iVolume, I combine it with Better Volume, so we get your UP and Down Volume criteria, and Better Volume's criteria : climax churn(magenta), climax volume (up/down - red/white), high churn (green), low volume.
please take a look image below(third sub window), what do you thing?

Hello, So what has iV that BV dsoesnt have.What is inrpretation of iV volume?
The Market pays you to be disciplined
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