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Auction Market Theory and Market Profile

  • #4,421
  • Feb 20, 2012 11:34am Feb 20, 2012 11:34am
Quoting Evak
I reenter my trade last friday almost on the same location after a notable test onto Thur's upper distribution control during the IB period of UK session. Both the UK/US session ended up balance as it approach to the end of the week. I take it as an acceptance then, remaining bullish for today at least

Gap up today was well contain above it with TK balance. UK opens below TK's VA & did not take out the lows, I add to another entry here with exposure reduce at 3250.

US open with a dip back to the spike base & found support so far. Next would...

You're......tediously....GREAT!

Seriously speakin', not a bad idea to set day start @ London session start, given the fact that is considered the one that moves the largest amount of money in Forex...
  • #4,422
  • Feb 20, 2012 1:37pm Feb 20, 2012 1:37pm
Quoting Aztrader2

Seriously speakin', not a bad idea to set day start @ London session start, given the fact that is considered the one that moves the largest amount of money in Forex...
London test was great for today, but don't take the spike test of the US session too seriously though as it is a bank holiday after all. But i take it as no selling pressure with that UK session poor high, which stands for now. Furthur secondary test would be helpful though.
  • #4,423
  • Feb 20, 2012 9:24pm Feb 20, 2012 9:24pm
You got a lot of guts, maybe even stupidity to be so rude to people. What a jerk.. and msvega dont even start.



Quoting s7c
i have some questions for you too, even is not nice to answer with a question i will take this risk:
did you read the 2 books from JD? did you watched the webinars? did you read this thread from the start or at least you've tried to search in the thread the point of interest?
i'm asking you all this because i did all of this and now i'm redoing it from another perspective. i'm just saying maybe it's irritating having all this questions with easy to find answers, i'm not talking here about MT4 platform problems...
that's all i have to say regarding...
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #4,424
  • Feb 20, 2012 9:54pm Feb 20, 2012 9:54pm
Quoting bandung
Hi..Foxybunny, so you figure out how to make it work on your NetBook?

oh the input if what you mean is the input for the BOX you can start with this http://www.forexfactory.com/showthre...52#post5310452

if what you mean is all the Input Parameters of Indicator.... hhmm I really would like to make some notes/tutorial/video about it.. but for me that kind of job is far more difficult than creating the indicator it self , but when time permit i'll make it.

about the box disappear or reappear, it just the way it work for...

Yes thanks Bandung, indicator working after I "allow DLL".
This was my missing step.
Now trying to learn how to use this indicator.

I do mean all the Input Parameter of the indicator, as trying to play with it, but not sure what it does after I changes each parameter.
Once I figure out better on how to use your indicator, I may write a simple User Notes text for it.

Please refer to Open Type (I am unable to attach pictures into FF last few days)
http://www.forexfactory.com/showthread.php?p=4592408#post4592408

Is there an "O" to signify Open for each session to make easier to see the Open for each session?
Would you be able to add this "O" to your indicator next time ?


Please refer to "Mind Over Markets", p-171, figure 4-57.
Would you be able to add "%Vol" into your Market Profile to show Low Volume Areas in your future release ?
I know this "%Vol" could be a bigger programming challenge.
  • #4,425
  • Feb 20, 2012 10:00pm Feb 20, 2012 10:00pm
On the front page, there is below, but those documents are no longer available.

Father of MP - Peter_Steidlmayer (classics)
http://www.4shared.com/document/WA5J...-_On_Marke.htm
http://www.4shared.com/document/vm01..._Markets_.html


I have from Peter Steidlmayer is only the 22-pages PDF "steidlmayer on cap flow".

If anyone has more PDF from Peter Stidlmayer's original books or useful materials, would you kindly please make it available.

I did a quick search and did not find his books available as PDF.
Thanks.
  • #4,426
  • Feb 20, 2012 10:06pm Feb 20, 2012 10:06pm
My Market Profile is not aligning with Price Bars.
eg. Price bar is 1.3200, but Market Profile is showing 1.3050.

I am unable to attach any picture at FF currently, so cannot show what I mean.

How to make Market Profile align with Price Bars ??

I have refer to the following, maybe I don't understand how to use the "Scale Fix", as this did not fix my alignment issue.
http://www.forexfactory.com/showthread.php?p=5227800#post5227800
  • #4,427
  • Feb 20, 2012 11:40pm Feb 20, 2012 11:40pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting TraderJoe
You got a lot of guts, maybe even stupidity to be so rude to people. What a jerk.. and msvega dont even start.
i think you need to check the dictionary, it seems you have no idea what rude mean. clearly you're not very smart and you just look to get attention felling lonely. maybe you had an unhappy child hood or who knows, anyway this is not a specialized site to solve your problems and is not a social site either, people here post with a reason.
so just take a walk...
  • #4,428
  • Feb 21, 2012 4:56am Feb 21, 2012 4:56am
Quoting bandung
Hi..Foxybunny,

if what you mean is all the Input Parameters of Indicator.... hhmm I really would like to make some notes/tutorial/video about it.. but for me that kind of job is far more difficult than creating the indicator it self , but when time permit i'll make it.

Hi Bandung,

I have written up the User Notes according to my understanding for your indicator.
It is only (Draft 0.1) version.

Please look at where I put "?" as that are many questions that I am unsure, and hope you can fill in those gaps.

Espcially in the "Input" tab and merge/split profiles.
I have read how you merge/split profiles, but I still unsure how to use it easily. That is why I left a gap in that section.


Attached File(s)
File Type: txt User_Notes_for_Bandung's_Amazing_MT4_MarketProfile(Draft 0.1).txt   16 KB | 2,026 downloads
  • #4,429
  • Feb 21, 2012 7:01am Feb 21, 2012 7:01am
I suppose now that the "laggards" have gotten on board the rally that is this innovative thread, we start to see the pissing contests and crybabies who still think Market Profile is an indicator and are just DYING for someone to tell them how to use it for buy/sell signals.

Shame. It's a damn good thread and a lot of good people did a ton of work and a ton of reading to make this happen.

Bottom line, if you can't read:

"Mind Over Markets"
"Markets in Profile"
"Steidlemeyer on Markets"
"Value Based Power Trading" - Donald Jones
"Master the Markets" - Tom Williams
or the CBOT user guide for the Market Profile graphic..

Which are the pillars of knowledge for the people who put in the work here.

Then you have no business being here, being rude, or trash talking anyone who was here before you. Go find a pay service and dump your trading capital into it if you want a holy grail and look elsewhere. This method requires work and a knowledge base. If you don't want to do the work, don't complain about people not wanting to help you.

Plain and simple.
  • #4,430
  • Feb 21, 2012 11:30am Feb 21, 2012 11:30am
I'm thinking 1.35 area for EU. currently working on filling the LUA as per this monthly chart with merges. i'm looking for long entries near 1.32 (february control), i think we may see a shakeout below that as well.

the 2nd chart (daily price chart) is purely speculative, but i thought i'd share it anyways. Here i've used a fib to extrapolate a range high by using last week's range as the anticipated point of control/median point for this currently developing LUA. assuming the median is right (which we can not know at this moment), that points to a range high near the 1.35 figure.
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Change is the only constant
  • #4,431
  • Edited 3:54pm Feb 21, 2012 12:43pm | Edited 3:54pm
Quoting tgwhbb
I'm thinking 1.35 area for EU. currently working on filling the LUA as per this monthly chart with merges. i'm looking for long entries near 1.32 (february control), i think we may see a shakeout below that as well.

the 2nd chart (daily price chart) is purely speculative, but i thought i'd share it anyways. Here i've used a fib to extrapolate a range high by using last week's range as the anticipated point of control/median point for this currently developing LUA. assuming the median is right (which we can not know at this moment), that...
In my analysis I agree with you regarding the support zone around 1.3200/1.3225 that seems to have been estabilished (as price's been accepted above last 4 weeks merge VAH).
The long (very long..... ) term should point toward 1.37 as price recentely failed the test of VAL of a 4 months merge (so, it "should" go to VAH...)...... But actually it seems more probable 1.3375 (last 4 months merge's POC) , if price is accepted above the resistance estabilished around 1.3250/75(last 4 weeks merge)....... Then, we don't know if it will follow balancing between POC and VAL, or will go up balancing between POC and VAH.... only time will tell.....
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  • #4,432
  • Feb 21, 2012 3:14pm Feb 21, 2012 3:14pm
Quoting Aztrader2
In my analysis I agree with you regarding the support zone around 1.3200/1.3225 that seems to have been estabilished (as price's been accepted above last 4 weeks merge VAH).
The long (very long..... ) term should point toward 1.37 as price recentely failed the test of VAL of a 4 months merge (so, it "should" go to VAH...)...... But actually it seems more probable 1.3375 (last 4 months merge's POC) , if price is accepted above the resistance estabilished around 1.3250/75(last 4 weeks merge)....... Then, we don't know if it will follow balancing...
i beleive there is a problem with your first chart. your merge is for months 1-4, then the next month is month 6. You are missing month 5 in your profile. Month 5 is actually an important month as it rounds out the top portion of your 1-4 month merge, meaning that part of the profile may actually be finished (around your 1.37 figure). i still think the lower portion of the 1-2 month merge needs to be filled out as well, so while there is room to the upside, there is also room to the downside.

I also don't think merging months 1-5 is a good idea, it blurs the ranges somewhat IMO. I prefer to keep them seperated based on where value builds for each month, but that is just my preference.

EDIT: my months 1-5 merge for comparison
Attached Image
Change is the only constant
  • #4,433
  • Feb 21, 2012 4:07pm Feb 21, 2012 4:07pm
[quote=tgwhbb;5406333]i beleive there is a problem with your first chart. your merge is for months 1-4, then the next month is month 6. You are missing month 5 in your profile. [quote]

Oooppsss sorry ......I fixed it now.

Quote
i still think the lower portion of the 1-2 month merge needs to be filled out as well, so while there is room to the upside, there is also room to the downside.

I also don't think merging months 1-5 is a good idea, it blurs the ranges somewhat IMO. I prefer to keep them seperated based on where value builds for each month,...

You're perfectly right.... In fact, actually price is bracketing and we don't really know if it will go up or down....
I was a little more confident toward 1.3375/1.3400 area just because it failed the recent test of 4 or 5 months merge VAL....
But this just IMHO too...
  • #4,434
  • Feb 21, 2012 8:08pm Feb 21, 2012 8:08pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting tgwhbb
i think we may see a shakeout below that as well.
yep, in order to get higher we need first some sort of a LLB to get rid of weak long holders but after we might find the price continuing the down auction.
we are in reference points areas for intermediate and short term traders.
we got WIB which is very narrow so range extension acceptance it will add substance.
we failed till now to close the gap. we closed the JD gap but we didn't yet closed the usual one, it got closed on /es though.
for now i think it's k to merge the last 2 days to get the balance perspective and from there looking further. we get after poor high aand buying tail
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  • #4,435
  • Edited 9:47pm Feb 21, 2012 9:28pm | Edited 9:47pm
Quoting s7c
yep, in order to get higher we need first some sort of a LLB to get rid of weak long holders but after we might find the price continuing the down auction.
Generally we still have poor highs on a day time frame perspective,Widest RE yesterday(bracketing day) base on 1st 4hr IBR since TK open, & failure to auction above monday high & now we are trading back to mondays IBR.

SO best to look for short & ride the LLB towards the next prominent control at the very least & not forgeting the monday gaptoo, & prepare to get on with a reverse there after...

I am sitting on a counter trend move just for a short trip towards current DVAH, odds favor a downward continuation from then on with perhaps a UK intiatives with a LLB & US to bring it back up to where it started...

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  • #4,436
  • Feb 21, 2012 11:52pm Feb 21, 2012 11:52pm
Assuming yesterdays UK rapid dip was an LLB, then it should be playing to this scenario here..

Weekly chart set to 1-3 merge to minimize VA overlap with current range now trading above VAH. We have a sort of a bullish triangle pattern which is expected of a balance profile eventually contracting...

I am holding on to remaining exposure, how it goes as it approach the top of current week DVAH...

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  • #4,437
  • Feb 21, 2012 11:55pm Feb 21, 2012 11:55pm
Need some guidance on how to use the Cute Little Box.
It is not cute when I don't know how to use it properly.

Attempted some Merge and Unmerge, and really not sure how to Merge and Unmerge properly, I mean using the commands on the Little Box.

Can someone please help with the following queries?

(A) Refer to chart. Where is missing Profile info #2 Fri 17-Feb?
How to get this missing profile text info #2 ?

(B) Refer to chart. Where is missing Profile info #7 Fri 10-Feb?
How to get this missing profile text info #7 ?

(C) Refer to chart. Why is Market Profile distance to Price bars so different?
Am I looking at this correctly or not?
Currently, it looks to me my Market Profile is showing showing at the correct prices, anyway to fix this up or is it my wrong interpretation?

(D) For the Little Box, what is the meaning of these functions of Merge, Split By Periods, split By Sessions, Hide Splitted D1, Row Height?

(E) For the Little Box, how to use these commands Merge, Split By Periods, split By Sessions, Hide Splitted D1, Row Height?

(F) I attempted to Merge and Unmerge some profiles. Then could not unmerge properly. So I close the chart, and open a new chart expecting everything to reset back to normal.
But the profile remain the same as previous, without reset.
How to reset all the merges to original Market Profile condition (I don't mean reset on the Custom Indicator) ??

(G) If I merge a profile in M30, can I go to H1 to unmerge or must unmerge in M30 ??
I am asking this as sometimes switch timeframes and don't realise where I am merging, and therefore don't know how to unmerge.

(H) If I merge profile 3-5, 7-9, 15-18.
How to unmerge only 7-9?
How to unmerge all in one command?


Thank You.

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  • #4,438
  • Edited 6:33am Feb 22, 2012 3:49am | Edited 6:33am
Brackets whitin brackets within brackets....... (IDay/Daily/Weekly)

  • #4,439
  • Edited 11:12am Feb 22, 2012 10:17am | Edited 11:12am
Hi..
Iam unable to work with Cute little Box with Weekly & Monthly charts,i.e unable to merge,Split. on Ver 1.31, its doing fine on dailys..
Am I missing on some points using it??
If it was easy, everyone would do it.
  • #4,440
  • Feb 22, 2012 10:24am Feb 22, 2012 10:24am
22-02-2012 weekly profile
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