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Auction Market Theory and Market Profile

  • #4,501
  • Mar 1, 2012 5:16pm Mar 1, 2012 5:16pm
JD is studing:Steidlmayer Volume Strips: A New Method to Analyze the Markets...
The Market pays you to be disciplined
  • #4,502
  • Mar 1, 2012 8:55pm Mar 1, 2012 8:55pm
Quoting mima
JD is studing:Steidlmayer Volume Strips: A New Method to Analyze the Markets...

Inserted Video
...
  • #4,503
  • Mar 1, 2012 9:24pm Mar 1, 2012 9:24pm
Quoting bandung

http://www.youtube.com/watch?v=qqqVS2l_XY8
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  • #4,504
  • Mar 2, 2012 4:08am Mar 2, 2012 4:08am
Hello Bandung, i´m using the "ay-MarketProfileDWM.v1.31.rev1" and my question is: is this the last revision of this indi? works properly or has any problem? in the settings shows an option, "use volume profile" true or false could you explain me what the difference is ?

thanks and excuse my english.-
  • #4,505
  • Mar 2, 2012 9:26am Mar 2, 2012 9:26am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
we have short inv in tokyo and short inv in london, which structure shows it moves in ledges with a very small excess between. this reflects not strong conviction.
so at the start of the pit session i saw 2 posibilities: first the OTF buyer will consider the price fair being below value and adding at this the last week VAL as reference. second we will have an open drive out of range in NY and we will continue to auction down as the first 30 min suggested .
seems like the first option is getting bigger chances of success now...
a good asymmetric opportunity was short at the start of pit with stop just above londons excess.
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  • #4,506
  • Mar 2, 2012 9:29am Mar 2, 2012 9:29am
not many charts this week, so here's one. Took what I think is a low risk long at 1.3192. SL at 1.3180, which is just below last week's low. break of that level signals weekly one-timeframing up has stopped, until then, my bias is still long.

entry was also a HVN in monthly profile on right. I still think there is upside potential as the high this week was poor. also, volume on the down move after the initial break on wednesday has been lower, adding weight to a bull move IMO.

also note NY profile today, possible head fake in B period where i took my entry. the level also coincides with the halfway point between WIBLx1 and x2.

Let's see how this plays out...hopefully it will make up for my losses earlier this week
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Change is the only constant
  • #4,507
  • Mar 2, 2012 9:31am Mar 2, 2012 9:31am
Im still holding shorts........I still cant shake my bearish bias. Im trying to debate if I ought to add to my position on a small pullback. I will be looking for more signs of weakness, I still think we may need to test vpoc @ 1.3157.......
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Markets are not efficient, rather they are effective - Jones
  • #4,508
  • Mar 2, 2012 9:52am Mar 2, 2012 9:52am
My buy filled which was @ last weeks VAL break of which was rejected in NY session, I think that’ll make an rotation back Upwards. I would like to see my TP filled @ last weeks VAH before that it may face some selling @ POC.
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If it was easy, everyone would do it.
  • #4,509
  • Mar 2, 2012 9:55am Mar 2, 2012 9:55am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting tgwhbb

also note NY profile today, possible head fake in B period where i took my entry.
why that lower low in B period didn't mean a confirmation of short time frame conviction sawed at the start of the pit?
lately the opens proved to be a pain in the ass...
  • #4,510
  • Mar 2, 2012 10:09am Mar 2, 2012 10:09am
Was just monitoring the trade which I entered earlier in NY session & wanted to confirm about “I” Period probing downside and developing in the lower end of UK, can this also be refered as Spike (& also it was a late session Probe)which coincides with UK VAL . just thinking the –ve bias still there as NY IB could not take the upper area of the 2nd distribution on UK.
Watching this day-timeframe reference closely atm..
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If it was easy, everyone would do it.
  • #4,511
  • Mar 2, 2012 10:27am Mar 2, 2012 10:27am
I decide to add to that position.....I very rarely post a session profile chart as it really has no basis for my entry, and as other people use different settings, sometimes its very difficult to understand other peoples analysis, because of different settings. It all depends on your peception of a open & close..........
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Markets are not efficient, rather they are effective - Jones
  • #4,512
  • Mar 2, 2012 10:55am Mar 2, 2012 10:55am
This weekly profile holds my bias.....I may change my bias if we get signs of inititive buying, but I see no signs of otf buying atm. I dont see any signs of being below value anywhere, so until then Ill carry my bearish bias into next week.....
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Markets are not efficient, rather they are effective - Jones
  • #4,513
  • Mar 2, 2012 11:23am Mar 2, 2012 11:23am
Yesterday was the beginning of the new month.... We opened above value, and imo we had responsive sellers step in and we are now inside previous months va, with the otf in mind, I would not to have thought to be a buyer today.
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Markets are not efficient, rather they are effective - Jones
  • #4,514
  • Mar 2, 2012 11:41am Mar 2, 2012 11:41am
Quoting mzvega
Yesterday was the beginning of the new month.... We opened above value, and imo we had responsive sellers step in and we are now inside previous months va, with the otf in mind, I would not to have thought to be a buyer today.
Excellent analysis!

Similar to my bias since it fail the top as it gets drag down with lack of responsive so far in most sessions. Towards the 2 prominent lower range as per chart.

Here is my estimate with a 1-5 week merge & the LUA to fill. Price is now sitting in the LVN, therefore a correction back up towards the upper range & eventually down fill its way towards the lower...

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  • #4,515
  • Mar 2, 2012 12:10pm Mar 2, 2012 12:10pm
Quoting Evak
Excellent analysis!

Similar to my bias since it fail the top as it gets drag down with lack of responsive so far in most sessions. Towards the 2 prominent lower range as per chart.

Here is my estimate with a 1-5 week merge & the LUA to fill. Price is now sitting in the LVN, therefore a correction back up towards the upper range & eventually down fill its way towards the lower...

Attachment
I think your right..... it needs some time to rotate & fill in....I dont think there's much more of a down move left for the day on that note. Also, if poc's attract, lua's should immediately repel and if not, it should rotate around.
Markets are not efficient, rather they are effective - Jones
  • #4,516
  • Mar 2, 2012 12:42pm Mar 2, 2012 12:42pm
Quoting santoshdts
Was just monitoring the trade which I entered earlier in NY session & wanted to confirm about “I” Period probing downside and developing in the lower end of UK, can this also be refered as Spike (& also it was a late session Probe)which coincides with UK VAL . just thinking the –ve bias still there as NY IB could not take the upper area of the 2nd distribution on UK.
Watching this day-timeframe reference closely atm..
Is a double distri profile but not enough to make a spike...price could fill close to it though since it is a LVN there. The lack of tail in UK showing any good low, chances are the R/R would not be good. Of coz u know by now...
  • #4,517
  • Mar 2, 2012 3:59pm Mar 2, 2012 3:59pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Excellent analysis!

Similar to my bias since it fail the top as it gets drag down with lack of responsive so far in most sessions. Towards the 2 prominent lower range as per chart.

Here is my estimate with a 1-5 week merge & the LUA to fill. Price is now sitting in the LVN, therefore a correction back up towards the upper range & eventually down fill its way towards the lower...

Attachment
i keep wanted to ask you that, what this number means? first i thought for example is the last 5 weeks merge, but is not...anyway i save every merge profile chart which i found interesting
  • #4,518
  • Mar 2, 2012 4:09pm Mar 2, 2012 4:09pm
Quoting s7c
i keep wanted to ask you that, what this number means? first i thought for example is the last 5 weeks merge, but is not...anyway i save every merge profile chart which i found interesting
I think he may be right, when I merge profiles 1-5 I get the same view. Are you doing 0-5? which would add the deveoping profile?
Are you comparing it to a previous chart in the past? Because its contantly delvoping...
Markets are not efficient, rather they are effective - Jones
  • #4,519
  • Mar 2, 2012 4:21pm Mar 2, 2012 4:21pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting mzvega
I think he may be right, when I merge profiles 1-5 I get the same view. Are you doing 0-5? which would add the deveoping profile?
Are you comparing it to a previous chart in the past? Because its contantly delvoping...
a, as you know i don't use MT4 so i just try to understand what those number means in order to understand the chart.
hmmm, if 0-5 add the developing profile then 1-5 is in fact the profile for the last 5 weeks? did you closed your shorts? i decided to left them alive over weekend, first time when i'm doing this...
aa, my last month poc it's at 1.3207, but feels like your poc it's the right one
  • #4,520
  • Mar 2, 2012 4:30pm Mar 2, 2012 4:30pm
Quoting s7c
a, as you know i don't use MT4 so i just try to understand what those number means in order to understand the chart.
hmmm, if 0-5 add the developing profile then 1-5 is in fact the profile for the last 5 weeks? did you closed your shorts? i decided to left them alive over weekend, first time when i'm doing this...
aa, my last month poc it's at 1.3207, but feels like your poc it's the right one
Yes 1-5 would be the previous 5wk's data, it would not include any of the current weeks data. I closed the trades I took in the us session, and I went flat on the trades I took day before yesterday (depending on where you sit in time) except 1.
Markets are not efficient, rather they are effective - Jones
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