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Auction Market Theory and Market Profile

  • #3,621
  • Nov 7, 2011 5:14am Nov 7, 2011 5:14am
@weechuck

as per request
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File Type: ex4 CustomCandle_v1.ex4   4 KB | 644 downloads
  • #3,622
  • Nov 7, 2011 5:23am Nov 7, 2011 5:23am
My trade location today which is in close proximity the NY low of last Friday, is the VPOC of last Thursday.

the failure to range extend was accompanied by a bounce off VPOC as it also revert back up to previous NY's low. Essentially is to see through the rotation back to balance of Fridays DAILY profile.

Entry was made after the reversal bar. Initial risk was 18p. Exposure reduce on 3780, remaining to 3800 or maybe friday's POC.

http://img337.imageshack.us/img337/9...2nov071911.gif
  • #3,623
  • Nov 8, 2011 10:50am Nov 8, 2011 10:50am
Considering the long UK inventory & balance. I was expecting a correction of the uniform profile back in to control price of UK session. Another reference point was Monday's VAH of the DAILY profile as potential resistance. Exposure reduce on 51 points. Intial risk was 21p.

My earlier trade today was after the strong response off yesterday US low on UK open, the shakeout was well below fair value of the TK session & price accelerated. Expecting a pause & auctioning to balance (step 2 & 3 of steidmayer 4step process), I anticipate a pullback low & made my entry.

http://img543.imageshack.us/img543/3...1nov090035.gif

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  • #3,624
  • Nov 9, 2011 5:20am Nov 9, 2011 5:20am
Hi, I also analyze the profile of the market, together with data on the volume.
I'm making a basic location in the range 1,376 to 1.3794 as the core of the current trading week on the euro futures.
I plan to look for open sale closer to the field.
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  • #3,625
  • Edited 9:15am Nov 9, 2011 8:39am | Edited 9:15am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
k, i took a trade this morning (my morning)
first chart shows weekly profile on 4h chart, market looks for initiative or responsive activity after the price breached VAL from last week and we test last week low in the same time, so a good area to look for trades.
second chart shows after us open (i follow both 8am&9:30am) we test london low and in 1 period the price form a potential excess. i didn't wait for confirmation by the next tpo, i took the confirmation from 5 min chart in order to get a better risk/reward.
what i don't like the day seems like a double distribution day with first distribution in asia...
i almost was toked out by the price action as i'm writing...
edit: my stop was hit, but on the same considerations if you took as us open 9:30 we could have another opportunity+price got at VAL montly. this time i will wait for stronger confirmation, though...but price already went way above daily range
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  • #3,626
  • Nov 10, 2011 6:58am Nov 10, 2011 6:58am
Monthly profile development could have witness the bottom if the reference LVN holds. If so it should be rotating back up & potentialy trade above this month's high to eventuate a profile completion. Of coz not ignoring the unfolding & never ending Euro Debt crisis & the prominent HVN of last month lower distribution around 3350 could still be a potentential low.

I took this trade as European market show responsive prior to UK open. My long entry was right on UK open.

@Bandung, hope u manage to grab this LVN trade which i think is your favourite?

http://img707.imageshack.us/img707/1...2nov102049.gif

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  • #3,627
  • Edited 6:42pm Nov 10, 2011 7:32am | Edited 6:42pm
Quoting Evak
Monthly profile development could have witness the bottom if the reference LVN holds. If so it should be rotating back up & potentialy trade above this month's high to eventuate a profile completion. Of coz not ignoring the unfolding & never ending Euro Debt crisis & the prominent HVN of last month lower distribution around 3350 could still be a potentential low.

I took this trade as European market show responsive prior to UK open. My long entry was right on UK open.

@Bandung, hope u manage to grab this LVN trade which i think is your favourite?...
no i dont, too busy with end year things..

but i have a new joy, dynamic value...

below is weekly and monthly dynamic value..

using dll, not yet have a crash
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  • #3,628
  • Nov 10, 2011 8:16pm Nov 10, 2011 8:16pm
Hello Bandung,

great work, is that ploting the developing value area as the day go? possible to post the indicator?

best regards.

-guandi
  • #3,629
  • Edited 11:45pm Nov 10, 2011 11:23pm | Edited 11:45pm
Yesterday daily split profile was interesting as price open out of range in reference to Wed's. The early range extension down fail to auction any lower & revert which was that responsive prior to UK open which also fails to take out TK low.

Price then auction back into IBR & begin to probe above IBH on K period (Note that daily IB is set to 1st 4 hour period). Eventually it broke above IBH during the R period after UK open. We have the AP (auction point).

Price rally back into Wed's range then we have TWO pullback low@3550 onto the Auction point. Which price heads back up again.

Late afternoon NY eventually show response onto Wed's VAL @ 3583. Yesterdays RF is 12.

http://img508.imageshack.us/img508/1...5nov111313.gif

----
I took my entry this morning as price revisited the Wed's VAL & my entry was made at 3584. This is a measure move for me due to the fact that TK opening today was within range but if u were to look short term the TK low probe was down to NY VAL. With NY balance & Neutral, TK too fails to extend lower & revert to extend towards the other direction.

http://img718.imageshack.us/img718/1...6nov111328.gif
  • #3,630
  • Edited 8:42am Nov 11, 2011 8:23am | Edited 8:42am
London inventory is long, tokyo high take out and building value above tokyo's vah/HOP period.
decided to go long, targeting 3720, Wed's D period single print/Tue's low.

let see if this NY C period can by pass 3680...
will set to BE soon..

edit: C period close above 3680, sl set to BE
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  • #3,631
  • Nov 11, 2011 8:57am Nov 11, 2011 8:57am
Quoting bandung
London inventory is long, tokyo high take out and building value above tokyo's vah/HOP period.
decided to go long, targeting 3720, Wed's D period single print/Tue's low.

let see if this NY C period can by pass 3680...
will set to BE soon..

edit: C period close above 3680, sl set to BE


I have too added position when price dip back into the DVAL of UK profile given the confidence of the IB. (95% rule-as long as the low of UK holds then.
With UK inventory long now. Odds are market could tank for now.

edit:Trades close out at 3700.
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  • #3,632
  • Nov 11, 2011 9:06am Nov 11, 2011 9:06am
Quoting bandung
London inventory is long, tokyo high take out and building value above tokyo's vah/HOP period.
decided to go long, targeting 3720, Wed's D period single print/Tue's low.

let see if this NY C period can by pass 3680...
will set to BE soon..

edit: C period close above 3680, sl set to BE
out for +33... based on ut with hi vol churn (chickened out, actually )
this is my only trade this week
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  • #3,633
  • Nov 11, 2011 9:11am Nov 11, 2011 9:11am
Quoting Evak


I have too added position when price dip back into the DVAL of UK profile given the confidence of the IB. (95% rule-as long as the low of UK holds then.
With UK inventory long now. Odds are market could tank for now.

edit:Trades close out at 3700.
Attachment
bro...
hei... you out at 3700, do you see something when price touch 3700?
...
  • #3,634
  • Nov 11, 2011 9:39am Nov 11, 2011 9:39am
my o my... 3720+ reached, what's up with EUR-US bank holiday?
K that 95% rule... is work
...
  • #3,635
  • Nov 11, 2011 11:31am Nov 11, 2011 11:31am
Quoting bandung
bro...
hei... you out at 3700, do you see something when price touch 3700?
Sorry reduce exposure rather then all out & was refering to my position of my add trade after UK one, still have my remaining position open since TK session targeting to 3800. NY "B period look back up UK's high & rx.
  • #3,636
  • Nov 11, 2011 9:33pm Nov 11, 2011 9:33pm
Quoting Evak
Sorry reduce exposure rather then all out & was refering to my position of my add trade after UK one, still have my remaining position open since TK session targeting to 3800. NY "B period look back up UK's high & rx.
fall a sleep after my last post here.
oanda Friday's high is 1.37944 only a few pips from your target

Friday's high is around its Weekly Dynamic POC.

I will upload this new indi maybe today or tomorrow into my blog, so anyone can try.
..and please share your experience here, i share the indi you share your experience
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  • #3,637
  • Nov 11, 2011 11:52pm Nov 11, 2011 11:52pm
canggih kitu uy............. hebring !!!!!!!!!!!!!!!!!!!!!!!!!!!

vrabo vrabo eh bravo


Quoting bandung
fall a sleep after my last post here.
oanda Friday's high is 1.37944 only a few pips from your target

Friday's high is around its Weekly Dynamic POC.

I will upload this new indi maybe today or tomorrow into my blog, so anyone can try.
..and please share your experience here, i share the indi you share your experience
not euphoria follower
  • #3,638
  • Nov 12, 2011 5:12am Nov 12, 2011 5:12am
Quoting iqyu5an
canggih kitu uy............. hebring !!!!!!!!!!!!!!!!!!!!!!!!!!!

vrabo vrabo eh bravo
hehe, howdy kang mas iqyu?

i'm about to upload something to my blog.. but...
maybe i should start thinking to have my own cheap web hosting some where





***
not hebring, just milked mind
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  • #3,639
  • Nov 13, 2011 1:48pm Nov 13, 2011 1:48pm
Quoting bandung
fall a sleep after my last post here.
oanda Friday's high is 1.37944 only a few pips from your target

Friday's high is around its Weekly Dynamic POC.

I will upload this new indi maybe today or tomorrow into my blog, so anyone can try.
..and please share your experience here, i share the indi you share your experience
Great indy's bandung ..Not familiar with AMT lingo Yet , but am learning and hopefully the initial cluster of Support holds GU up (Or initiate some buying ) . It's currently at a strong 12 hr supply level...They maybe , are trying to absorb the supply..
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  • #3,640
  • Nov 14, 2011 12:36am Nov 14, 2011 12:36am
Quoting bandung
fall a sleep after my last post here.
oanda Friday's high is 1.37944 only a few pips from your target

Friday's high is around its Weekly Dynamic POC.

I will upload this new indi maybe today or tomorrow into my blog, so anyone can try.
..and please share your experience here, i share the indi you share your experience
Tks for the New toy B, still scratching my head abit on this one but do have good analysis potential...
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