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Auction Market Theory and Market Profile

  • #4,081
  • Feb 4, 2012 4:13am Feb 4, 2012 4:13am
Quoting mzvega
The profile is dynamic, only the far right is in sync with the indicator! The profile is just using space on the chart. I dont know how else to explain it. This is one of the most frequent questions asked. If you read the thread you may find one of the other explanations, more understandable.
No mz, thanks, you answered to me in a previuos post.... the problem was I ddn't know the indi takes the first 4 1H bars for IB... so, it's natural to have that value....
It's ok for me now...
  • #4,082
  • Feb 4, 2012 4:33am Feb 4, 2012 4:33am
Quoting Aztrader2

Regarding Weekly MP...is it enough well balanced? Is TPO count bearish?
I think only price action can answer that. A perfectly balanced profile would have the same amount of tpo's above the poc and the same amount of tpo's below. Is the tpo count bearish? if you have more tpos below the poc, then yes, if not, no.
Markets are not efficient, rather they are effective - Jones
  • #4,083
  • Feb 4, 2012 4:54am Feb 4, 2012 4:54am
Quoting mzvega
Is the tpo count bearish? if you have more tpos below the poc, then yes, if not, no.
Sorry but I understood it was the opposite:

quote: ....on nov 1 there was a greater number of TPOs above the center line..... this means that the day was, on balance, a selling day in this area of the range. (Steidlmayer on Markets page 82)
  • #4,084
  • Feb 4, 2012 5:05am Feb 4, 2012 5:05am
Quoting Aztrader2
Thanks for all the answers bro!

You're right one should read the thread, but you will agree that 4000 posts are an enormous number...! And a thread isn't a textbook, with all thinghs written in the logical order to learn..... It's almost impossible for a newbie (of MP trading....) not being lost and find only the useful posts..... Asking questions todays means (at least for me) to receive up to date answers...
Evak has been so kind to give some references to books/webinars & posts....
And you now clarified my doubt about IB.......

I'm sorry...
I apologize for addressing you as "Dude" in a previous post, as you turned right around and called me "Bro". "Sis" would be more apropriate .......

I do understand, but there are some very good topics of discussions, articles, and links mixed in there. When I took on learning AMT I had to literally unlearn everything I had ever learned in tech. anlaysis. But I do understand the challange of reading the thread.
Markets are not efficient, rather they are effective - Jones
  • #4,085
  • Feb 4, 2012 5:17am Feb 4, 2012 5:17am
Quoting Aztrader2
Sorry but I understood it was the opposite:

quote: ....on nov 1 there was a greater number of TPOs above the center line..... this means that the day was, on balance, a selling day in this area of the range. (Steidlmayer on Markets page 82)
Your right, my bad!, I dont count the tpos its too difficult for me monitor throughout the day,. I use a vwma/vwap, as a poor substitution, to quickly visualize a round or about estimate tpo count.
Markets are not efficient, rather they are effective - Jones
  • #4,086
  • Feb 4, 2012 5:21am Feb 4, 2012 5:21am
Quoting mzvega
"Sis" would be more apropriate .......
Oooops.... I didn't know it, madam.....
  • #4,087
  • Feb 4, 2012 5:30am Feb 4, 2012 5:30am
Quoting mzvega
I use a vwma/vwap, as a poor substitution, to quickly visualize a round or about estimate tpo count.
No....nooo...... I won't ask you what is vwma/vwap...... definately...I won't ask you.....
  • #4,088
  • Feb 4, 2012 5:41am Feb 4, 2012 5:41am
Quoting Aztrader2
What about RF? Daily indicates bullish & weekly is slightly bearish? Or RF is related just to the developing MP? questions: When we observe the developing MP, we must relate it's movement to previous day (expecially VA)... or must we consider also the previous days?
Rotation factor, upbars vs. downs, is one of a few ways to gauge direction conviction/attempted direction. tpo count, rf, or composite buying/selling day to help you determine attempted direction. By themselves, the numbers dont mean too much, but further in mind over markets, it explains how to use those numbers in conjucton with volume and value area placement to determine directional performance relationships MoM pp177-194 also
http://www.forexfactory.com/showthre...04#post4500304
Markets are not efficient, rather they are effective - Jones
  • #4,089
  • Feb 4, 2012 6:02am Feb 4, 2012 6:02am
Quoting Aztrader2
If price breaks previous day's (or previous week's) VAH/VAL is it right to follow immediately (at least for scalping) initiative action if there is enough space until previous extremes? I.E.: if price breaks VAH/VAL does it means it will retest extremes (expecially if there is a tail)? Or better wait for a confirmative bounce from those VA levels after break? Or, a responsive sell/buy coming back into the VA?
The same rules should apply for the weekly profile too....isn't it? Thanks!
This is why MP is a decision making tool not an indicator, Thats for a trader as an individual, to weigh all the data generated, use what data they find relevent and useful to them for thier personal style of trading.

I trade the same concepts, for all tf profiles.
Markets are not efficient, rather they are effective - Jones
  • #4,090
  • Feb 4, 2012 6:04am Feb 4, 2012 6:04am
Quoting Aztrader2
No....nooo...... I won't ask you what is vwma/vwap...... definately...I won't ask you.....
vma =Volume weighted average
vwap= volume weighted average price
Markets are not efficient, rather they are effective - Jones
  • #4,091
  • Feb 4, 2012 12:16pm Feb 4, 2012 12:16pm
Quoting Aztrader2
If price breaks previous day's (or previous week's) VAH/VAL is it right to follow immediately (at least for scalping) initiative action if there is enough space until previous extremes? I.E.: if price breaks VAH/VAL does it means it will retest extremes (expecially if there is a tail)? Or better wait for a confirmative bounce from those VA levels after break? Or, a responsive sell/buy coming back into the VA? Thanks!
I posted this awhile back, I thought you may find this post of to help in your decisions of determining "if this......" "then this......." senarios.

http://www.forexfactory.com/showthre...23#post4545523
Markets are not efficient, rather they are effective - Jones
  • #4,092
  • Edited 2:39pm Feb 4, 2012 12:56pm | Edited 2:39pm
Quoting Evak
Merge profiles is a concept that was well explain by Robin Mersch Strategy

Previously we have a versoin that can do fix time frame like daily Weekly & quarterly but we can merge...so...

Reason one would like to merge a profile is to ascertain a balance profile or access any lack there off. e.g to achieve as close as possible a perfect bell curve. But of coz within a bigger profile were have alot of shorter...

WOW.... this video is one of the most enlightening things I've ever seen.......

EDIT:
Following this video, I see friday was a completed distribution day, and it has (almost?) completed the distribution of previous 6 merged days .... so, price should go away from this range..... Is this right?
Still I'm not so skilled to know how to merge in the right way (i.e. how many past weekly periods merge) to see where the actual range is positioned......
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  • #4,093
  • Feb 4, 2012 1:12pm Feb 4, 2012 1:12pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quote
As for EU, which is still distributing for now. After such down move, u should expect price to make a lower low or another swing low

something i want to understand regarding the tuesday move, move i've got long after in pit session when i saw the exhaustion of continuing to auction down and after i didn't get long in london being overwhelmed by the failure of previous trade.
i'm not gonna go in my reasons to taking the long, but i hope you will find the time to explain why you were so sure it needs another deep, from what i know in same conditions it happened in the past to move straight up...we have a buying tail, we have the volume, the place...what am i missing here?

Quoting Evak

http://img718.imageshack.us/img718/3...2feb011717.gif

Uploaded with ImageShack.us
this deep in frankfurt, is not in fact a poor low?

thank you
  • #4,094
  • Feb 4, 2012 1:40pm Feb 4, 2012 1:40pm
Quoting mzvega
I posted this awhile back, I thought you may find this post of to help in your decisions of determining "if this......" "then this......." senarios.

http://www.forexfactory.com/showthre...23#post4545523

Thanks!
  • #4,095
  • Feb 4, 2012 4:55pm Feb 4, 2012 4:55pm
Quoting Aztrader2
WOW.... this video is one of the most enlightening things I've ever seen.......

EDIT:
Following this video, I see friday was a completed distribution day, and it has (almost?) completed the distribution of previous 6 merged days .... so, price should go away from this range..... Is this right?
Still I'm not so skilled to know how to merge in the right way (i.e. how many past weekly periods merge) to see where the actual range is positioned......
When it comes to valuable resourses, Evak, is definately the "Go to" guy!!! Other than myself, I havent ran into anyone who shares the same enthusiasm of AMT as he does.

I would merge the smaller profile in your post when the new week begins, when va's overlapp, I always tend to merge. the bigger profile will become more complete, and the start of the week will be the new smaller profile. You might want to pull up a weekly profile, merege any overlapping you see, and then side by side, see where this merge on the daily is within the weekly profile. You may want to do the monthly profile, because this weeks data is within that 6 days or so merge. See where the daily merged balance area is within the context of the larger monthly profile chart.

" .... so, price should go away from this range..... Is this right?"

From the center of the mode/balance area, unless it stays flat there are only 2 places to go vah/or val.
Markets are not efficient, rather they are effective - Jones
  • #4,096
  • Feb 4, 2012 5:33pm Feb 4, 2012 5:33pm
Quoting mzvega
When it comes to valuable resourses, Evak, is definately the "Go to" guy!!! Other than myself, I havent ran into anyone who shares the same enthusiasm of AMT as he does.
I think I don't offend anyone if I say he seems to me the best here.....
As I said in a previous post, his analisys are fascinating and I see he picks almost always the best moves.... That means a very deep knoweledge of AMT.
He's an Expert, according with Dalton's classification......

But you are not so bad too........

Anyway these are all newbie's considerations.... What really matters is that all of you make money enough to suit your needs....
If you do I'm happy for you... and hope to join soon
Quote

" .... so, price should go away from this range..... Is this right?"

From the center of the mode/balance area, unless it stays flat there are only 2 places to go vah/or val.

I meant away from this week completed range distribution (Above/Below VAH/VAL) to fill some OTF's incomplete one...
Tomorrow I'll try to merge previous weeks to see if there's some "vacuum" upside or downside (I feel upside...) if I end to fight with the indi......

For today, think >12 hours studying is enough.....

p.s. Thanks again for your help
  • #4,097
  • Feb 4, 2012 11:03pm Feb 4, 2012 11:03pm
Quoting Aztrader2
WOW.... this video is one of the most enlightening things I've ever seen.......

EDIT:
Following this video, I see friday was a completed distribution day, and it has (almost?) completed the distribution of previous 6 merged days .... so, price should go away from this range..... Is this right?
Still I'm not so skilled to know how to merge in the right way (i.e. how many past weekly periods merge) to see where the actual range is positioned......

Indeed, Robin is very good, do read about her thoughts on using Market Profile her way in "Breakthroughs in Technical Analysis", especially if you think you are a value trader. .

-guandi
  • #4,098
  • Feb 5, 2012 1:38am Feb 5, 2012 1:38am
Quoting guandi
Indeed, Robin is very good, do read about her thoughts on using Market Profile her way in "Breakthroughs in Technical Analysis", especially if you think you are a value trader. .

-guandi
Thanks for your hints!
  • #4,099
  • Feb 5, 2012 2:06am Feb 5, 2012 2:06am
Quoting Aztrader2
Tomorrow I'll try to merge previous weeks to see if there's some "vacuum" upside or downside (I feel upside...) if I end to fight with the indi......
Ok, let see if I made a good job...... hope nobody would kill me

I merged previos 13 weeks profile + last week's one on EURUSD.
Attached Image (click to enlarge)
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  • #4,100
  • Edited 2:32am Feb 5, 2012 2:24am | Edited 2:32am
Quoting Aztrader2
Ok, let see if I made a good job...... hope nobody would kill me

I merged previos 13 weeks profile + last week's one on EURUSD.
nice merge buddy
keep'em coming

btw, if you install this font,
i believe text on your sub window will look prettier
...
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