nice merge buddy
keep'em coming
Said by you is indeed rewarding......
The fact is: there's so much knoweledge in this thread, that also a newbie of AMT can grab something about....
Auction Market Theory and Market Profile
- #4,101
- Feb 5, 2012 2:31am Feb 5, 2012 2:31am
Said by you is indeed rewarding......
The fact is: there's so much knoweledge in this thread, that also a newbie of AMT can grab something about....
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.
can you please tell me which is that indi uVe used in your sub panel which shows all the data.. Itried almost all the indies in the thread but iam unable to get RF values on my chart..
Can you guide me on this please..
If it was easy, everyone would do it.
- #4,105
- Edited 3:30am Feb 5, 2012 3:08am | Edited 3:30am
dont look at my V, market and mql coding knowledge/experience is two different things, i'm still a noob as well.
Well, at least I've used your indi in the right way......
btw. I installed the new fonts and reloaded the indi... and was merging again.... but this time there were 20 weeks loaded... so I merged previou 19 instead of 13... and what was the surprise..?
Price is almost exactly @ VAL of the merged weeks........
Think it's better wait for EVAK or mzvega tell us what's goin' to happen....
p.s. just a question for you Bandung: I see there is a iBV legend in the indi, but I don't know what is related to & how to read it.....
- #4,106
- Feb 5, 2012 3:30am Feb 5, 2012 3:30am
I've made some considerations about the merged profiles I posted before.....
Assuming they're right (Evak or mzvega will tell.....), I noticed that last week was an inside bar....
Now price can go on ranging....or breaking it.
Dalton says: Logic + Time + Structure
LOGIC (at least mine.....) tells me that often we have fake breaks of inside bars..... so, if price is goin to fill the upper distribution (as it appears from the merged profiles), we could have a fake down break (or, at least a new test of the downside...i.e. 13 weeks POC)
We have to wait TIME for the signal....
Then, STRUCTURE will confirm it (or not...)
No, noooo guys....plz. don't ban me from this thread.......
Assuming they're right (Evak or mzvega will tell.....), I noticed that last week was an inside bar....
Now price can go on ranging....or breaking it.
Dalton says: Logic + Time + Structure
LOGIC (at least mine.....) tells me that often we have fake breaks of inside bars..... so, if price is goin to fill the upper distribution (as it appears from the merged profiles), we could have a fake down break (or, at least a new test of the downside...i.e. 13 weeks POC)
We have to wait TIME for the signal....
Then, STRUCTURE will confirm it (or not...)
No, noooo guys....plz. don't ban me from this thread.......
Well, at least I've used your indi in the right way......
btw. I installed the new fonts and reloaded the indi... and was merging again.... but this time there were 20 weeks loaded... so I merged previou 19 instead of 13... and what was the surprise..?
Price is almost exactly @ VAL of the merged weeks........
Think it's better wait for EVAK or mzvega tell us what's goin' to happen....
p.s. just a question for you Bandung: I see there is a iBV legend in the indi, but I don't know what is related to & how to read it.....
create a text label with name mps and text 0
...
- #4,109
- Feb 5, 2012 9:59am Feb 5, 2012 9:59am
- Joined May 2009 | Status: Trader | 1,879 Posts
Markets are not efficient, rather they are effective - Jones
- #4,110
- Feb 5, 2012 6:47pm Feb 5, 2012 6:47pm
- Joined May 2009 | Status: Trader | 1,879 Posts
Bandung, you are soooo my hero! 
This indicator is great!
Here's a long term merge of the monthly profiles. Interesting.
This indicator is great!Here's a long term merge of the monthly profiles. Interesting.
Markets are not efficient, rather they are effective - Jones
- #4,112
- Feb 5, 2012 9:33pm Feb 5, 2012 9:33pm
- | Joined May 2010 | Status: Day by Day | 1,004 Posts
Bandung, you are soooo my hero!
Here's a long term merge of the monthly profiles. Interesting.
from right to left: February developing profile, Dec-Jan merge, Sept-Nov merge.
As Aztrader pointed out, it looks like EU trying to fill the LUA. However, EU range bound between last 2 months control and VAH, so we would need to see some initiative buying above ~1.32 for that to happen. no clear direction IMO until a break above or below current 140 pip range.
Change is the only constant
- #4,113
- Edited Feb 6, 2012 12:32am Feb 5, 2012 10:36pm | Edited Feb 6, 2012 12:32am
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?
this...
If u have a liquidation like the one on Tuesday & the down move is stop. It is usually fair to assume that this stop is a form of covering, & u can be safe to assume big money is involve & they no more interested in pursuing the fall. Any subsequent downmove would with less conviction would only be absorb to an eventual reversal once the sellers are absorb & any weak longs liquidate.
That day I also mention that ES too may make another dip but ES did not dip furthur b4 the rally, unlike EU. But there a background consideration that also need to be considered....I will illustrate it if i have the time later...
EDIT:
Here is a chart of ES illustrating the precursor to the LLB of tuesday & the responsive buying that did not make the low.
Starting from the left.
1: We have intiatives selling with the 1st poor low.
2: Then follow by a good low.
3: follow by a good low with minus dev....after a dip below previous good low & shake out. (Any weak holders here would have been clear out).
5: subsequent 3 more poor high b4 LLB
6: Price drop back to the anomaly for re-evaluation.
7: After the LLB we have a good low.
8: TK opens with a reponse; price pick back up & initiates...
To add to point number 3, Perhaps the lack of a dip after the LLB for ES could be the lack of residue weak holders already. This backgound information was not available for EU.
Notice that 3 poor highs prior to LLB, is a way of market failing to auction higher...( those flat top profiles..) Essentially indicating weak longs locals doing the bidding.
ES CHART (last week)
- #4,115
- Feb 6, 2012 9:05am Feb 6, 2012 9:05am
- Joined May 2009 | Status: Trader | 1,879 Posts
Markets are not efficient, rather they are effective - Jones
- #4,116
- Feb 6, 2012 9:51am Feb 6, 2012 9:51am
your explanation helped me, thanks...
lately i'm inclined to start the day at london , but TOS doesn't have that option. i agree you got a much better representation of the structure that way. i'm not able to see the session anomalies either...how much pc resources is your mt4 platform take?
poor conviction day, i had a buy limit order for a small position at last week low/2 weeks ago POC which i closed it manually.
- #4,118
- Feb 6, 2012 10:12am Feb 6, 2012 10:12am
- Joined May 2009 | Status: Trader | 1,879 Posts
Markets are not efficient, rather they are effective - Jones
- #4,120
- Edited 10:35am Feb 6, 2012 10:19am | Edited 10:35am
Gap down today that was quickly tested with low volume during TK session...the price trickle down till we have a fat dsitribution.. So far all the lows are rather poor but inventory is considered short for UK.
Prior to Pit session there was a reponse off the earlier lows, I enter my trade on the open of US pit session. But i close all my trade by mistake & re-enter on the pull back into dval (during C period) for a better risk reward entry.
exposure reduce at 35p with remaining to previous US control. Initial risk was 12 p.
Prior to Pit session there was a reponse off the earlier lows, I enter my trade on the open of US pit session. But i close all my trade by mistake & re-enter on the pull back into dval (during C period) for a better risk reward entry.
exposure reduce at 35p with remaining to previous US control. Initial risk was 12 p.