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Auction Market Theory and Market Profile

  • #3,641
  • Nov 14, 2011 12:41am Nov 14, 2011 12:41am
Quoting Evak
Tks for the New toy B, still scratching my head abit on this one but do have good analysis potential...
dont scratching it too much... you look older
...
  • #3,642
  • Nov 14, 2011 1:02am Nov 14, 2011 1:02am
Quoting taomql4
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..
thanks tao, I learning too, keep comin here ..

your sig

my limited view about GU
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˅
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  • #3,643
  • Nov 14, 2011 1:40am Nov 14, 2011 1:40am
Quoting bandung
thanks tao, I learning too, keep comin here ..

your sig

my limited view about GU
|
|
˅
limited view, but u have field of vision here..don't forget those VPOCs of Wed's & Fri's; potential destination TLs.

Anyway fail gap up today.
  • #3,644
  • Nov 14, 2011 3:28am Nov 14, 2011 3:28am
Quoting bandung
out for +33... based on ut with hi vol churn (chickened out, actually )
this is my only trade this week
http://www.forexfactory.com/attachme...1&d=1321023916
took this asia balance BO Trade
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  • #3,645
  • Nov 14, 2011 3:59am Nov 14, 2011 3:59am
Quoting bandung
took this asia balance BO Trade
Dejavu!

So long as it did not reverse & break OTF, then resist fading it or going into panic mode..but i must say is always disconcerting IF one pops up in the middle of a trade.

Futures volume is nominal in those bars though, perhaps a good idea to check those.

Took mind off TK's DVAH (95% rule). Nice trade though as your entry is on the upper quart of the UK IBR; 95% RULEZed. U should be safe down to 3650 at the very least Previous US low could be a show stopper though...
  • #3,646
  • Nov 14, 2011 5:29am Nov 14, 2011 5:29am
Quoting Evak
Dejavu!

So long as it did not reverse & break OTF, then resist fading it or going into panic mode..but i must say is always disconcerting IF one pops up in the middle of a trade.

Futures volume is nominal in those bars though, perhaps a good idea to check those.

Took mind off TK's DVAH (95% rule). Nice trade though as your entry is on the upper quart of the UK IBR; 95% RULEZed. U should be safe down to 3650 at the very least Previous US low could be a show stopper though...
thanks K, close the trade @3660... must go till NY Pit open.
...
  • #3,647
  • Nov 14, 2011 1:43pm Nov 14, 2011 1:43pm
Quoting bandung
thanks tao, I learning too, keep comin here ..

your sig

my limited view about GU
|
˅
Thanks ..BTW , That Cat(Your avatar) is mesmerizing. I can't stop staring at it ..lol

Quoting taomql4
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..
I believe the daily demand is still Strong and will hold the buy orders until that level is broken .. I'll watch the Asia/London session inventories and look for tests..
Attached Image(s) (click to enlarge)
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  • #3,648
  • Nov 14, 2011 8:53pm Nov 14, 2011 8:53pm
taomql4,
Great analysis.

How did u plot 12 HR candle stick chart in Mt4?
Please suggest.
Quoting taomql4
Thanks ..BTW , That Cat(Your avatar) is mesmerizing. I can't stop staring at it ..lol



I believe the daily demand is still Strong and will hold the buy orders until that level is broken .. I'll watch the Asia/London session inventories and look for tests..
  • #3,649
  • Nov 14, 2011 11:17pm Nov 14, 2011 11:17pm
Quoting taomql4
I believe the daily demand is still Strong and will hold the buy orders until that level is broken .. I'll watch the Asia/London session inventories and look for tests..
On your 3rd chart u have indicated overnight inventory(i presume u are refering to that) was short. Base on settle price of previous session it should be read as "even".

But even so, the 2nd session u indicated is actually a balance continuation of previous profile since it is an inside-day scenario. So that would render the inventory read to be superflous.

Overnight Inventory is just a concept to guage Excesssivenes of an overbought or oversold situation when price is still trading within a range (Balancing phase). Within it, price react to this excessivenes with short-covering rally, Long liquidation break, or a simple inventory correction to a balance rotation. Ths is where inventory reads could provide addition reference.

But it have to be taken into context.
  • #3,650
  • Nov 15, 2011 3:40am Nov 15, 2011 3:40am
Short off the UK open after the opening rejection off TK AP, close to TK control price. B period took down A period low was my entry. Earlier, TK session fail to RX suggest a lack of upside confidence even though US session settle within IBR. My exposure is reduced at 3550 for a 41 points. initial risk was 15p

Weekly profile indicate we could be now at a good trade location for a up rotation perhaps. 3500 is a nice ballpark.

http://img853.imageshack.us/img853/7...7nov151724.gif
  • #3,651
  • Nov 15, 2011 7:44am Nov 15, 2011 7:44am
Quoting Evak
Short off the UK open after the opening rejection off TK AP, close to TK control price. B period took down A period low was my entry. Earlier, TK session fail to RX suggest a lack of upside confidence even though US session settle within IBR. My exposure is reduced at 3550 for a 41 points. initial risk was 15p

Weekly profile indicate we could be now at a good trade location for a up rotation perhaps. 3500 is a nice ballpark.

http://img853.imageshack.us/img853/7...7nov151724.gif...

and the color of peaceful mind is blue

hi Bil... how r u?, post something here
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  • #3,652
  • Nov 15, 2011 8:57am Nov 15, 2011 8:57am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Short off the UK open after the opening rejection off TK AP, close to TK control price. B period took down A period low was my entry. Earlier, TK session fail to RX suggest a lack of upside confidence even though US session settle within IBR. My exposure is reduced at 3550 for a 41 points. initial risk was 15p

Weekly profile indicate we could be now at a good trade location for a up rotation perhaps. 3500 is a nice ballpark.

http://img853.imageshack.us/img853/7...7nov151724.gif...
another look is the price it wasn't able to auction higher then us close and find acceptance. i found us close a good reference point lately and digging in "unchanged" term of JD...
  • #3,653
  • Nov 15, 2011 9:32am Nov 15, 2011 9:32am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
i just opened a short after i saw the weak open of pit session which failed to auction higher then balance area formed in london. during tpo nr 4, which is the second half of IB on my chart i waited for a confirmation of this weakness. my entrance can be seen on second chart where is the mark...first target is today's low and second last weeks low but if the "tempo" is on my side i'm working on exit part of position just when i see OTF failing to continue/my stop is above fist hour of pit session...
i see now some strength stepping in, if i see this is confirm i will exit manually. i look forward to any opinions regarding my trade.
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  • #3,654
  • Nov 15, 2011 5:09pm Nov 15, 2011 5:09pm
Quoting Scrat
how would you trade this chart?

Hi

What is this indicator?
  • #3,655
  • Nov 15, 2011 5:11pm Nov 15, 2011 5:11pm
Quoting Scrat
how would you trade this chart?
  • #3,656
  • Nov 15, 2011 6:31pm Nov 15, 2011 6:31pm
Hi Bandung!

I posted something.



Lol, sorry just been kind of lurking. It's holiday time for me so I work my day job a lot more than I get to trade. I tend to not post when I have nothing of value to contribute.



I'm following you guys and your developments and trades and testing your new concepts and indicators for potential strategies.

I'm being as productive as I can, lol.

  • #3,657
  • Nov 15, 2011 7:39pm Nov 15, 2011 7:39pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
it seems like the last 2 days we had the TPO overwhelming above day's POC and the value area continued lower meaning the other time frame sellers is doing business with the local and we will have another down day today...
IB established on weekly profile shows an opportunity for normal variation or neutral type profile...
i don't see a sign of other time frame buyers prepared to react as responsive regarding VAL on monthly profile or to the excess in the same area and profile. mzvega, still in the zone? you're the specialist on longer time frames...
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  • #3,658
  • Nov 16, 2011 2:30am Nov 16, 2011 2:30am
Quoting s7c
it seems like the last 2 days we had the TPO overwhelming above day's POC and the value area continued lower meaning the other time frame sellers is doing business with the local and we will have another down day today...
IB established on weekly profile shows an opportunity for normal variation or neutral type profile...
i don't see a sign of other time frame buyers prepared to react as responsive regarding VAL on monthly profile or to the excess in the same area and profile. mzvega, still in the zone? you're the specialist on longer time frames...
s7c, you're progressed well...
...
  • #3,659
  • Nov 16, 2011 2:34am Nov 16, 2011 2:34am
Quoting Bilstein
Hi Bandung!

I posted something.



Lol, sorry just been kind of lurking. It's holiday time for me so I work my day job a lot more than I get to trade. I tend to not post when I have nothing of value to contribute.



I'm following you guys and your developments and trades and testing your new concepts and indicators for potential strategies.

I'm being as productive as I can, lol.

glad still see you around here
...
  • #3,660
  • Nov 16, 2011 6:11am Nov 16, 2011 6:11am
Unexpected UK initiatives after frankurt opening response with lack of spike. Instead i took the corrective trade off previous US VPOC. After such a strong moves inventory would tend to adjust & rotate back down to smooth out the curve a little. The UK session limited range extension essentially signal a hold after a strong UK initiatives. Note the FIB level also corrects to 79%; or now is below DVAL.

So now the immediate reference would be a correctoin back to current control price. Any breach of UK low would signal a change otherwise.

screencap was taken just b4 i clear out my position, initial risk was 12 pips. I have since reverse my trade.

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