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Auction Market Theory and Market Profile

  • #4,301
  • Feb 13, 2012 9:19pm Feb 13, 2012 9:19pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting mzvega
I closed my short positions except one at the us close, however I decided to add a short in hopes to travel the distance to the bottom of the larger merged profile. Im not sure if it will amount to much. But Ill see how this turns out...............

Edit: Closed all short positions at the asian open, Im now flat for the day.......
how many days is in the merged profile, from 26/01 through 08/02?
thanks
  • #4,302
  • Feb 13, 2012 9:29pm Feb 13, 2012 9:29pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
i see 3 options for next day:
1-price is accepted by the lower HVA from last week and go to test the low of it;
2-it could get responsive at WVAL;
3-inside day theory, which is already in play...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 124 KB
  • #4,303
  • Feb 13, 2012 10:05pm Feb 13, 2012 10:05pm
Quoting s7c
how many days is in the merged profile, from 26/01 through 08/02?
thanks
that chart at that time was profiles 1-2 ;3-4 ;5-15

I havent refreshed my charts since the new 24h period started, I may ajust them slightly differently when I have alittle more time
Markets are not efficient, rather they are effective - Jones
  • #4,304
  • Feb 13, 2012 10:13pm Feb 13, 2012 10:13pm
Quoting s7c
how many days is in the merged profile, from 26/01 through 08/02?
thanks
I believe this link was posted when the thread first started, Im not sure if youve run into it yet, but theres 24 small videos on how this paticular guy merged profiles, and traded the euro. He stopped updateing his site over a year ago, its kind of intersting the first video starts at the end of the page
http://www.balancetrader.com/main/ca...e-euro/page/3/
Markets are not efficient, rather they are effective - Jones
  • #4,305
  • Feb 13, 2012 11:02pm Feb 13, 2012 11:02pm
Help!

my session profile indi (ay-TPOChart-Session.v.100) has stopped working on my ES chart. Yet it still works on my EU chart.

As soon as I put the indi on my ES chart, MT4 hangs, and I have to restart, which goes back to the previous startup settings since the last good shutdown (where the indi is not on the ES chart).

anyone seen this?
Change is the only constant
  • #4,306
  • Feb 13, 2012 11:14pm Feb 13, 2012 11:14pm
Quoting tgwhbb
Help!

my session profile indi (ay-TPOChart-Session.v.100) has stopped working on my ES chart. Yet it still works on my EU chart.

As soon as I put the indi on my ES chart, MT4 hangs, and I have to restart, which goes back to the previous startup settings since the last good shutdown (where the indi is not on the ES chart).

anyone seen this?
No, but try this one........
Attached File(s)
File Type: mq4 ay-TPOChart-Session.v1.20v.mq4   29 KB | 1,009 downloads
Markets are not efficient, rather they are effective - Jones
  • #4,307
  • Feb 14, 2012 2:43am Feb 14, 2012 2:43am
I decided to get long @ the center of the large profile. Im looking for price to test the vah of the larger profile or the val of the previous profile, pretty much the same reference area. Also as s7c mentioned we tested previous months val. Its just looked like the right place to try an entry. Ill see how this goes for a while.......
Attached Image (click to enlarge)
Click to Enlarge Name: merged.jpg Size: 306 KB
Markets are not efficient, rather they are effective - Jones
  • #4,308
  • Feb 14, 2012 2:53am Feb 14, 2012 2:53am
Quoting mzvega
I decided to get long @ the center of the large profile. Im looking for price to test the vah of the larger profile or the val of the previous profile, pretty much the same reference area. Also as s7c mentioned we tested previous months val. Its just looked like the right place to try an entry. Ill see how this goes for a while.......
Hi mz

I see you don't set SL & TP..... so, do you manage the trade lookin' at how it reacts to certain areas?
I.e. actually, is one time frame up... if it reverses you close it? Or, if it goes to the VAH of the larger profile, you look at how it goes and, if stalls, you take your profit?

Thanks
  • #4,309
  • Feb 14, 2012 3:16am Feb 14, 2012 3:16am
Quoting tgwhbb
Help!

my session profile indi (ay-TPOChart-Session.v.100) has stopped working on my ES chart. Yet it still works on my EU chart.

As soon as I put the indi on my ES chart, MT4 hangs, and I have to restart, which goes back to the previous startup settings since the last good shutdown (where the indi is not on the ES chart).

anyone seen this?
In any case, even if u use the latest version, if the default row height is too low, then putting it on to a ES chart could hang the system. One way is to run a template under EU then set the row height to 50 for a start then save it as a template then load it on ES or any chart that requires higher row height...
  • #4,310
  • Edited 1:22pm Feb 14, 2012 3:19am | Edited 1:22pm
Here is my merge of 1-4;5-12, daily profile. So it looks like unchanged with this bounce POC of 5-12 day merge.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Feb. 14 17.11.jpg Size: 108 KB
  • #4,311
  • Edited 3:37am Feb 14, 2012 3:22am | Edited 3:37am
Quoting Evak
Here is my merge of 1-4;5-12, daily profile.

Attachment
Hi Evak... I see you went long as soon as it touched the merged POC.... You didn't wait for any confirmation?

Anyway, that level is present in this merge of mine I made on Weekly...
Unfortunately I waited too long and entered after the break of London's first 1/2
Hour.....
Attached Image (click to enlarge)
Click to Enlarge Name: merge2.jpg Size: 91 KB
  • #4,312
  • Feb 14, 2012 3:26am Feb 14, 2012 3:26am
Quoting Evak
Here is my merge of 1-4;5-12, daily profile. So it looks like unchanged with this bounce POC of 5-12 week merge.

Attachment
Great View!
Markets are not efficient, rather they are effective - Jones
  • #4,313
  • Feb 14, 2012 4:31am Feb 14, 2012 4:31am
Hi,
could be Tokyo session called a Ledge?

Actually, it seems to have broken the upper area mz was looking at.... what other area should we look for now? E.g. Yesterday VAL?

Is it goin to be a DD (Trend) day?
Attached Image (click to enlarge)
Click to Enlarge Name: ledge.jpg Size: 144 KB
  • #4,314
  • Feb 14, 2012 5:05am Feb 14, 2012 5:05am
Iam Seeing this in a weekly prospective, EU tried to breakfree of last weeks VAL but Failed ( for the moment), Now Iam lookin this to make an rotation back to the other End i.e VAH of last week.
Booked a Long with 60 Pips & placed another Long eyeing for Last weeks VAH..
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.PNG Size: 39 KB
If it was easy, everyone would do it.
  • #4,315
  • Feb 14, 2012 5:19am Feb 14, 2012 5:19am
Quoting santoshdts
Iam Seeing this in a weekly prospective, EU tried to breakfree of last weeks VAL but Failed ( for the moment), Now Iam lookin this to make an rotation back to the other End i.e VAH of last week.
Booked a Long with 60 Pips & placed another Long eyeing for Last weeks VAH..
The problem is the zone around 1.3200/1.3210 (2 weeks ago VAH, Evak's merged profile VAH and yesterday's VAL).... If it breaks above...maybe it'll reach your target

I.m in from about 1.3160, secured some pips and let's see....
  • #4,316
  • Feb 14, 2012 7:35am Feb 14, 2012 7:35am
Here's what MD indice tells me.
As long as previous balance support, it's quite possible another developing bell shape.
Attached Image (click to enlarge)
Click to Enlarge Name: 14Feb2012.jpg Size: 94 KB
  • #4,317
  • Feb 14, 2012 7:46am Feb 14, 2012 7:46am
Quoting mzvega
No, but try this one........
can you also send the include files for this version please.

ay-mplib.const.v102.mqh
ay-object.func.v1.1.mqh
ay-TPOChart-Session.v1.20.helper.mqh
Change is the only constant
  • #4,318
  • Feb 14, 2012 7:47am Feb 14, 2012 7:47am
Quoting Evak
In any case, even if u use the latest version, if the default row height is too low, then putting it on to a ES chart could hang the system. One way is to run a template under EU then set the row height to 50 for a start then save it as a template then load it on ES or any chart that requires higher row height...
did that. Worked once, then froze up again row height set to 50

EDIT: found the problem, was changing too many input variables at the same time...change the open hour for each session one at a time and it now works. all good now.
Change is the only constant
  • #4,319
  • Feb 14, 2012 10:06am Feb 14, 2012 10:06am
I closed my longs when we rejected the previous days val, the best short entry would have, been my tp, but I had to sleep. When I woke for the ny session, I took the best place imo to get into the down move. For the daily profiles the 24h open is a important ref. point for me, the ability for price to remain above or below the 24h open tells you alot about attempted direction and how well the attempt is. Ill see how well price stays below the open.
Attached Image (click to enlarge)
Click to Enlarge Name: merged.jpg Size: 304 KB
Markets are not efficient, rather they are effective - Jones
  • #4,320
  • Feb 14, 2012 10:40am Feb 14, 2012 10:40am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting mzvega
I closed my longs when we rejected the previous days val, the best short entry would have, been my tp, but I had to sleep. When I woke for the ny session, I took the best place imo to get into the down move. For the daily profiles the 24h open is a important ref. point for me, the ability for price to remain above or below the 24h open tells you alot about attempted direction and how well the attempt is. Ill see how well price stays below the open.
hmmm, i've got long...price failed auction below tokyo's low, poor opening type in NY pit session, no continuation after the down range extension and we are aat the daily VAL/last 2 days VAL/last week VAL.

edit: you sold having in mind you're ~ curent day value area?
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