Auction Market Theory and Market Profile
EU mad am drop in I & L periods of London.. and pierced Last weeks VAH & POC further.. but was rejected Now trading between Low range of Last weeks POC & VAH..
Considering UK sessions L period as a Buying tail Took a long @ 3180
I need to clarify some points about session open.
Some uses Electronic Market, some uses Pit open instead...
It's said "it's a personal preference".... But, I guess, doesn't this choice affects the final results of analisys?
What do you people suggests to use more than anything else, when it comes to forex?
Otherwise, maybe I base my arguments and my decisions upon a kind of open (e.g Electronic) when most of you works on Pit opens.... or vice versa...
So, becomes difficult to me compare and understand the analysis of who is more experienced...
Thanks for the hints....
But I suspect my english is not so good......
From reading your posts your english and mastery english of grammar, leads me to believe you are better at it than you think or lead on. You write and sound no different that my neighbor. When I read posts i.e. Bandung, you know by his words & use of grammar, english is not his first language, and he hasnt had a problem at all, in fact if he didnt actually read the thread, he would not be able to provide the tools we find to be of so much value. If your able to read as well as you write you wont have any problems at all. Good Luck!
)I said it in an ironic sense..... I meant not so good to allow others understand what I'm asking for.......
I didn't want to know what opening time (in split profile) is right or wrong.....
I'd like to know what are yours, and Evak's and tg..... and so on...
This could allow me to understand what you people post here...... I.e. if you say: "last NY session low", it's quite different if you use Electronic or Pit as your open time............
Hi Claudia! Always appreciate your posts and insight. Here are my reasons for being long. (don't take this personally, i find if I can not explain why I'm in a trade, then I shouldn't be in it!)
the LUA you refer to has been marked on my chart since last Friday's breakout. You can see that on the left chart, marked "Gap support" and "gap fill". It indeed still needs to be watched. However, gap support was tested early in the week and held. In fact this week's low is exactly the previous swing high, as you can see by the right chart (1330)....
. The perception of an LLB...... break, subsequent time periods showed a lack of seller continuation and
a transition to one-timeframe buying"...............Profile beginning to develop the shape of a "P" or a "b" does not infer that short covering or long liquidation is occurring.........."
once you have onetimeframing that pattern no longer resembles a b but a D. So until, you have the completed formation can you say that down move contains no sellers. A LLB has the absence of new sellers, if new sellers have entered they also have stop losses, and the logical place where their sl's are placed where there break started. You cant imo safely assume the down move is void of sellers causing downward pressure until their shorts stopped out. I personally think a down move is just a down move, until I see the presence of onetimeframing. to assume , every b shaped profile might be a LLB gives you the false impression of an impending breakout or change of direction, and your bias changes. To position yourself for for a LLB before the you see one timeframing, imo postioning yourself to fly in the face of downward momentum, because without the presence of onetimeframing, it doesnt meet the criteria of LLB as I interpret it. But it depends on who you ask........ I do what works for me..... sorry for going over "old ground", but the more I observe the more I think it wise to wait for the presence of otf, before taking the position based on the idea its a LLB and expect an up move, as you might close a profitable postion, in anticipation of a of one that doesnt exist yet........
geez, what a boring NY friday...ES 5 point range, EU 30 pip range...
even though S&P downgraded 32 Italian banks...
have a good weekend!
