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Auction Market Theory and Market Profile

  • #3,861
  • Dec 30, 2011 9:59am Dec 30, 2011 9:59am
What indicator did u use to plot cumulative thick swing volume? I used bandung ayswing volume but it plots indivdual bar volume.
Quoting mima
Hello Bandung, here is example from your chart: there are marked two spots where you have five on one marked spot and three on the other marked spot zz close lines ...and should be only one zz close line on each marked spot...
  • #3,862
  • Jan 4, 2012 6:24am Jan 4, 2012 6:24am
My first trade of the year. Nice run yesterday though hope u guys grab those pips.


Took a short after the IBR of UK just as a confirmation to the weakness seen yesterday when US fail to RE & back into IBR. On of the auction reference is previous UK high. Entry was place after break of OTF during the D period. Price pause now as it sprung of previous UK low. There still a chance for repair back up to VA. My Exposure reduce at 50p. Initial risk was 8p.

http://img834.imageshack.us/img834/3...2jan042012.gif

---
Daily reference is more prominent with LUA making hard not for EU to fill today into an inside-day at the very least, ledging on to the double distribution to a rotation, at least to complete the curve...

http://img11.imageshack.us/img11/979...3jan042015.gif
  • #3,863
  • Jan 4, 2012 9:13pm Jan 4, 2012 9:13pm
Quoting Scrat
oh and by the way, i may have said it before... if i did, i apologize... but check out quarterly and yearly profiles for euro - this month's close will be well below both va-L. for me, this simply means another opportunity for some long trades when confirmed, because those values will be revisited soon - 1.3308 vaL for this quarter, and 1.3602 vaL for 2011.
so long story short, i will be looking for a break above weekly va, maybe sometime early next year. just wait for it...

Hi Scrat, which software are you using for Market Profile?
  • #3,864
  • Jan 8, 2012 4:52am Jan 8, 2012 4:52am
Hello... I've been searching for the ivolume indicator but can't seem to find it for some reason. Is it available? If so would someone be so kind as to point me in that direction. Appreciate it.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,865
  • Jan 8, 2012 10:38am Jan 8, 2012 10:38am
Quoting TraderJoe
Hello... I've been searching for the ivolume indicator but can't seem to find it for some reason. Is it available? If so would someone be so kind as to point me in that direction. Appreciate it.
this might be what your looking for
Attached File(s)
File Type: mq4 iVolume.mq4   3 KB | 1,100 downloads
Markets are not efficient, rather they are effective - Jones
  • #3,866
  • Jan 8, 2012 11:12am Jan 8, 2012 11:12am
Quoting frankkn
I'm curious, how many of you use Auction Market Theory or Market Profile in your trading?

Here is a recent trade from this past week. This is a 5m EU chart. Price has reached supply, and sellers come in, and at the same time price is making an unfair high (circled). This is how I use price histograms. I also like to observe today's developing and previous days' Points of Control (POCs) as targets and to play bounces in the direction of a trend.

So this is how I incorporate price histograms/AMT/MP into my trading, how do you?


http://cdn.forexfactory.com/attachme...5&d=1295489960...
Would you be kind enough to point me to the main indicators on your chart.
  • #3,867
  • Jan 8, 2012 2:14pm Jan 8, 2012 2:14pm
Quoting mzvega
this might be what your looking for
Thank you mzvega, much appreciated. I really searched for that but could not seem to locate it.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,868
  • Jan 8, 2012 2:32pm Jan 8, 2012 2:32pm
Hello Evac... do you use the ivolume straight out of the box or have you tweaked it in some way other than brighten the colors. By the way, I don't think I've seen charts as flatly beautiful as yours, are you a graphic artist? Have you posted your template anywhere cause I'd love to give you the highest form of compliment and use it too. TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,869
  • Jan 8, 2012 7:59pm Jan 8, 2012 7:59pm
Trying to create Market Profile charts like those here but could not. Tried the TPO package but still could not get ay-TPOChart-Session to attach.

Help????
  • #3,870
  • Jan 8, 2012 8:33pm Jan 8, 2012 8:33pm
Quoting hohgch
Trying to create Market Profile charts like those here but could not. Tried the TPO package but still could not get ay-TPOChart-Session to attach.

Help????
http://www.forexfactory.com/showthre...22#post4925322
Markets are not efficient, rather they are effective - Jones
  • #3,871
  • Jan 8, 2012 8:52pm Jan 8, 2012 8:52pm
Quoting mzvega
http://www.forexfactory.com/showthre...22#post4925322
Thank you mzvega. Did all that but still cant get anything to display... Could it be because I am using a 5 digit broker?
  • #3,872
  • Jan 8, 2012 9:07pm Jan 8, 2012 9:07pm
Quoting hohgch
Thank you mzvega. Did all that but still cant get anything to display... Could it be because I am using a 5 digit broker?

Try this.....
http://www.forexfactory.com/showthre...65#post4500065
5 didgit broker shouldnt have anything to do with it....
Markets are not efficient, rather they are effective - Jones
  • #3,873
  • Jan 8, 2012 9:27pm Jan 8, 2012 9:27pm
Quoting hohgch
Thank you mzvega. Did all that but still cant get anything to display... Could it be because I am using a 5 digit broker?
Did you try this?
Attached Image (click to enlarge)
Click to Enlarge Name: mp.jpg Size: 45 KB
Markets are not efficient, rather they are effective - Jones
  • #3,874
  • Jan 9, 2012 2:00am Jan 9, 2012 2:00am
Quoting mzvega
Did you try this?
Yes I did. Sigh!
  • #3,875
  • Jan 9, 2012 2:12am Jan 9, 2012 2:12am
mzvega:

however i got this to work from this post:

http://www.forexfactory.com/showthre...60#post4550060

YAY!!!

Thanks.
  • #3,876
  • Jan 9, 2012 10:22am Jan 9, 2012 10:22am
Hi All,
First of all I want to congratulate all the great contributors to this great thread .
I’m completely new to market profile and I have some good knowledge on VSA.

As far as I understood most of you are using the VSA complementing with market profile.
I think that, indeed, the two together can give very good results.

BTW the reason to write is to ask if somebody heard/know about Mark Stone and his Pivvot method.
See link below

http://members.investtosuccess.com/public/258.cfm

As you can see, he is using the Market Profile together with Volume Profile.

While I could find the market profile indicator for MT4 I couldn’t find the Volume Profile indicator for MT4
Can somebody help me ?

Thanks in advance
Fabio


P.S. Sorry if the argument has been treated already, but I did not have time to read all the threads ;-(
  • #3,877
  • Edited 9:08am Jan 10, 2012 8:52am | Edited 9:08am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
'zup, long time no see...
haw are you feeling the market today? i was totally wrong, got long after first half from Frankfurt and after i got stopped i got short after first half from London, so not a good day...i would love to see another point of view
Edit: it seems like we got a non-conviction day, so i will look to trade he extremes if i got the chance...
  • #3,878
  • Jan 10, 2012 10:08am Jan 10, 2012 10:08am
Quoting s7c
'zup, long time no see...
haw are you feeling the market today? i was totally wrong, got long after first half from Frankfurt and after i got stopped i got short after first half from London, so not a good day...i would love to see another point of view
Edit: it seems like we got a non-conviction day, so i will look to trade he extremes if i got the chance...
I too went long @ the frankfurt open. For time zone reasons, being that at that time its @ 1am my time, I set a tp and went to sleep. Im still holding those longs. I have somewhat of a bullish bias. we are currently inside the monthly va traveling up. I would like to think we'll test previous months val at the least. the last 2 daily profiles have a "incomplete" neutral feel., as these first days of the week are forming the weekly IB. I would like to think that a RE above the weekly IB would bring the profile to a balance. the high of today will determine the W IBh. I will re evaluate my position @ the european close, Im hoping that might lighten the pressure. I dont want to scratch the trade just yet.
Attached Image (click to enlarge)
Click to Enlarge Name: mp.jpg Size: 129 KB
Markets are not efficient, rather they are effective - Jones
  • #3,879
  • Jan 10, 2012 2:12pm Jan 10, 2012 2:12pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting mzvega
I too went long @ the frankfurt open. For time zone reasons, being that at that time its @ 1am my time, I set a tp and went to sleep. Im still holding those longs. I have somewhat of a bullish bias. we are currently inside the monthly va traveling up. I would like to think we'll test previous months val at the least. the last 2 daily profiles have a "incomplete" neutral feel., as these first days of the week are forming the weekly IB. I would like to think that a RE above the weekly IB would bring the profile to a balance. the high of today will...
thank's for your answer, it seems you have a larger margin for error than i do...i'm in chicago so i have the same problem with european session
i'm still on the bearish side for now, i see yesterday more as a profit taking then new long positions open.
anyway the strategy for tomorrow i think is to go with a break out of the fat day from JD point of view, which would be the weekly range extension in our case, adding substance...
in conclusion if i would just went to sleep instead of being awake last night, i would have been a little more happier today
  • #3,880
  • Jan 11, 2012 12:34am Jan 11, 2012 12:34am
mzvega:

are you in GMT+8 timezone? For the indi did you use the default times (server, tokyo, london, etc) set by bandung or did you change? if you did change does it make a big difference? Thanks for your patience.
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