Bandung coding was magic, I never thought that MP chart can be generated that fast..in my 1st generation netbook...
Auction Market Theory and Market Profile
- #4,122
- Edited 12:08pm Feb 6, 2012 11:05am | Edited 12:08pm
- Joined May 2009 | Status: Trader | 1,879 Posts
Markets are not efficient, rather they are effective - Jones
- #4,123
- Feb 6, 2012 12:31pm Feb 6, 2012 12:31pm
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....
OK guys, I must admit I was wrong ?!?... EU didn't made a fake break of weekly low........ it just went 2 pips abowe (just @ 13 week POC) and around last week WIBL ....... then bounced up....
It's a pity I tryed tonight other bounces (e.g. @ weekly VAL) and was a loss..... and wasn't @ screen when TIME & STRUCTURE confirmed my LOGIC...
Anyway, probably I still wouldn't be able to take the right entry due to the unnerving accumulation phase around the bottom range....
I'm a bit envious of EVAK, who took (as always) the best entry......
Thanks once more to all you guys (and girls) for your help and for the knoweledge you share here....
I decided to add a small long, as previous to the f period ,the profile had a b shaped, now in its completed form, as only now does it meet my criteria for a Long liquidation break. I personally cant say the breakdown doesnt contains shorts when its auctioning at the bottom of a down move (b) it takes both buyers and sellers to auction. so in its b form it contains sellers with stop losses set higher to where their shorts say their wrong (usually the point of the breakdown) , a LLB has a abscence of new sellers, so until all shorts are stopped out,...
- #4,127
- Feb 6, 2012 1:18pm Feb 6, 2012 1:18pm
- Joined May 2009 | Status: Trader | 1,879 Posts
US session is indicating 3-i day...
Markets are not efficient, rather they are effective - Jones
- #4,128
- Feb 6, 2012 1:44pm Feb 6, 2012 1:44pm
To put it simply, i trade the mostly opening session, is were the action is & that is why i use MP....u wont want to do it too early unless U see any substantial volume with good structure. Else most of the time one can fall into a trap. I will not comment on VSA here unless is relevant & today is a monday, i bet u most VSA folks are left scatching when they dont see any climatic volume & price still moves...
I did mention in recently that using VSA could be counter intuitive if u mix it with MP....
I'm not a VSA fan... I'm just learning about it besides AMT....
You don't wanna mix them here, but you just said in this post: "unless U see any substantial volume with good structure". What does it means?
Another question: could you plz take a look and see if I made a right merge in the posts I made yesterday? Price today made exactly what I thought, but it could be a mere coincidence... And, Moreover, mzvega's merge (In a bigger time span) are clearly in conflict with mine....
I did those merges coz friday was a complete distribution day and last week was (almost) too. Then I saw a LUA above last week... so I made my considerations looking @ last 13/20 weeks...but maybe it's not enough and I have to look at bigger perspective...
Thanks!
- #4,130
- Feb 6, 2012 2:03pm Feb 6, 2012 2:03pm
- Joined May 2009 | Status: Trader | 1,879 Posts
im thinking? @ 1.3185 but im probably wrong 
Markets are not efficient, rather they are effective - Jones
- #4,132
- Feb 6, 2012 2:19pm Feb 6, 2012 2:19pm
- Joined May 2009 | Status: Trader | 1,879 Posts
Markets are not efficient, rather they are effective - Jones
- #4,139
- Feb 6, 2012 3:37pm Feb 6, 2012 3:37pm
- Joined May 2009 | Status: Trader | 1,879 Posts
3-i day...?
Does it means 3 in one bar pattern...?
If it is so.. (and thinking to the ascending flag Evak told last week)...a break above last wednesday 's range (outside bar) should mean a continuation of the up trend...
take what I say with a grain of salt...............
if you havent read far enough in one of the books, or the thread to understand the mechanics, then quite possibly, you may be "putting the cart before the horse". To explain 3I days, I would have to go over and explain 50 other things you havent gone over yet. Its the middle of my trading day, and in order to give you a proper answer, I would have open the book on my desk and read through the book to find the the proper info, so not to give you misinformation. and in the time it takes me to read through the book and read the answer, you could too.... The books all have an index, and the thread has a search feature. As long as I give answers no will read the book to learn to answer the questions themselves. Not only is Evak a great trader....... he also has alot more patience than I.
Markets are not efficient, rather they are effective - Jones
- #4,140
- Feb 6, 2012 3:42pm Feb 6, 2012 3:42pm
No,
take what I say with a grain of salt...............
if you havent read far enough in one of the books, or the thread to understand the mechanics, then quite possibly, you may be "putting the cart before the horse". To explain 3I days, I would have to go over and explain 50 other things you havent gone over yet. Its the middle of my trading day, and in order to give you a proper answer, I would have open the book on my desk and read through the book to find the the proper info, so not to give you misinformation. and in the time it takes me...
Sorry for my impatience to know
I'll search through the books..... and I'll shut my mouth until I end to read Mind over Market....
btw: strange evak has more patience than you.... it's been always said women are far better (in each field of the life) than us... single neuronal boyz....