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Auction Market Theory and Market Profile

  • #3,761
  • Dec 1, 2011 8:37pm Dec 1, 2011 8:37pm
Nooooiiiice guys!!


Some of the most impressive traders on FF, definitely the most gentlemanly
  • #3,762
  • Dec 2, 2011 8:15am Dec 2, 2011 8:15am
Quoting Scrat

bandung, thanks again for the indicator , it's one of my favorite.
Bandung is like our resident "strong man" coder, lol.

He has some pretty cool concepts on his end and to see them brought to life in a way no one has done for MT4 before is simply amazing.
  • #3,763
  • Dec 2, 2011 9:52am Dec 2, 2011 9:52am
looks like there is a break to the downside. next level to be tested is weekly support - weekly pvp (~3320) and vaL (~3226) atm. until we see these levels, i'll be looking for shorts from the daily vaH (that is, from the purple area).

Quoting Scrat
just an example of what can be done with dynamic value indicator - nothing new in terms of trading principles, just using a more accurate tool.

blue areas are dyn val for last 24 hours; 70% of the activity occurred within this channel - works like a charm for trading inside the channel or when price is ranging... just buy at lower limit, tp / sell at upper limit. or adjust accordingly based on higher tf trend.

my trade for today - buy@3426, [email protected], tp@3480 (weekly points up, it's already trading above weekly dynamic value - not shown here)....
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #3,764
  • Dec 2, 2011 12:55pm Dec 2, 2011 12:55pm
This was an inevitability.

Return to the spike base from 11.29 rally.

Aqua lines drawn 11.29 as potential targets for a pullback.
Grey line was support from balance 1.5 weeks ago.
Blue lines were distribution gaps from 11.22

The spike in e period (11.29) was left behind too quickly. The market never had a chance to "use" price there (facilitate trade) effectively. It was bound to return there at least for a short time to seek more information about that zone.
Attached Image (click to enlarge)
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  • #3,765
  • Edited 11:19pm Dec 3, 2011 10:59pm | Edited 11:19pm
Quoting frankkn
Nooooiiiice guys!!


Some of the most impressive traders on FF, definitely the most gentlemanly
hi frank... so now you a murderer (your avatar title)
...
  • #3,766
  • Dec 3, 2011 11:00pm Dec 3, 2011 11:00pm
Quoting Bilstein
Bandung is like our resident "strong man" coder, lol.

He has some pretty cool concepts on his end and to see them brought to life in a way no one has done for MT4 before is simply amazing.
come on Bill... it's just my other way to replace over trading with over coding
...
  • #3,767
  • Dec 3, 2011 11:32pm Dec 3, 2011 11:32pm
Quoting Bilstein
This was an inevitability.

Return to the spike base from 11.29 rally.

Aqua lines drawn 11.29 as potential targets for a pullback.
Grey line was support from balance 1.5 weeks ago.
Blue lines were distribution gaps from 11.22

The spike in e period (11.29) was left behind too quickly. The market never had a chance to "use" price there (facilitate trade) effectively. It was bound to return there at least for a short time to seek more information about that zone.
i zoom out the daily value
Attached Image (click to enlarge)
Click to Enlarge Name: eu-d1-balance-area.png Size: 39 KB
...
  • #3,768
  • Dec 4, 2011 1:36am Dec 4, 2011 1:36am
Ya know, Bandung, the cbot guide to using the mp graphic has a segment on charting only value areas.. Did you read it or are you a dang psychic?



Lol
  • #3,769
  • Dec 4, 2011 3:32am Dec 4, 2011 3:32am
Quoting bandung
i zoom out the daily value
Fantastic...Peter Steidlmayer fully exploited standard deviations(1st 2nd 3rd standard deviation and excess...) as an end product of market profile...
The Market pays you to be disciplined
  • #3,770
  • Dec 4, 2011 3:35am Dec 4, 2011 3:35am
Quoting Bilstein
Ya know, Bandung, the cbot guide to using the mp graphic has a segment on charting only value areas.. Did you read it or are you a dang psychic?



Lol
I think he's charting the value areas...similar to the way I do it as well. If you break your TPO down into sessions and use the value of the last few sessions as a BO zone, it can be quite helpful.

Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #3,771
  • Dec 4, 2011 10:00am Dec 4, 2011 10:00am
Quoting NeoRio
I think he's charting the value areas...similar to the way I do it as well. If you break your TPO down into sessions and use the value of the last few sessions as a BO zone, it can be quite helpful.

Regards,
NeoRio
I know.



In the CBOT's guide to using Market Profile they have a section on charting only value areas. I was just trying to make a funny.

Attached Image (click to enlarge)
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  • #3,772
  • Dec 4, 2011 1:52pm Dec 4, 2011 1:52pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Bilstein
I know.



In the CBOT's guide to using Market Profile they have a section on charting only value areas. I was just trying to make a funny.

hmmm, more stuff to study. thank's...
  • #3,773
  • Dec 4, 2011 5:54pm Dec 4, 2011 5:54pm
Quoting mima
Fantastic...Peter Steidlmayer fully exploited standard deviations(1st 2nd 3rd standard deviation and excess...) as an end product of market profile...
I don't understand the point?

Market Profile is described by Peter Steidlmayer as similar to a bell curve with the 1 and 2 standard deviations. Terminology is relative I suppose. I often find myself referring to VAH and VAL as "retail prices" and "wholesale prices".

Heck, there's even a portion of his book where he explains one does not need the MP graphic and that the Auction Market Theory principals are what is important. The graphic is just a way to visually display data.
  • #3,774
  • Dec 4, 2011 11:16pm Dec 4, 2011 11:16pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
i just bought at 1.3405 after daily IB was established (i take 7h after us close) and failed to auction lower then the POC of friday's second distribution. half of position has the stop at lower low of IB/the second stop is right below TPO nr 3 which tested the friday's close. my entry was made after SV from 5 min chart...after the friday's action we should see today some auction rotation in order to facilitate the trade further
Attached Image (click to enlarge)
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  • #3,775
  • Dec 4, 2011 11:42pm Dec 4, 2011 11:42pm
Quoting Bilstein
I don't understand the point?...
I am not sure what was in my mind at the time of writting post..I believe that is not offensive to anyone...
The Market pays you to be disciplined
  • #3,776
  • Dec 5, 2011 6:56am Dec 5, 2011 6:56am
Quoting mima
I am not sure what was in my mind at the time of writting post..I believe that is not offensive to anyone...
I didn't find it offensive. I was simply asking what you were getting at.

  • #3,777
  • Dec 5, 2011 7:32am Dec 5, 2011 7:32am
SDs of MMP on M30...
Attached Image (click to enlarge)
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The Market pays you to be disciplined
  • #3,778
  • Dec 5, 2011 8:51am Dec 5, 2011 8:51am
Quoting s7c
i just bought at 1.3405 after daily IB was established (i take 7h after us close) and failed to auction lower then the POC of friday's second distribution. half of position has the stop at lower low of IB/the second stop is right below TPO nr 3 which tested the friday's close. my entry was made after SV from 5 min chart...after the friday's action we should see today some auction rotation in order to facilitate the trade further
Pretty good read & RR for this trade...u still hanging on?
  • #3,779
  • Dec 5, 2011 9:03am Dec 5, 2011 9:03am
A pullback entry right onto DVAL after much of auctioning to balance during UK which i manage to find this opportuinity during the H period. Prior to UK, TK failure to RE lower provided a hint.

Initial risk was 13p with exposure reduce for a 49 points right on Fri's POC. This corrective move could stop right onto 79% fib level of this swing or @3500....

Attached Image (click to enlarge)
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  • #3,780
  • Dec 5, 2011 9:05am Dec 5, 2011 9:05am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Pretty good read & RR for this trade...u still hanging on?
thank's. i went to sleep and moved my stop loss below london IB, it was hit by the pip after missed the first target, friday's poc by few pips
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