Auction Market Theory and Market Profile | Page 229 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Auction Market Value Theory & Analytics 1,757 replies

market Theory 101 Supply and Demand,Market Cycles 7 replies

Market Profile And Volume Profile MT5 7 replies

MarketProfile/Volume Profile/Auction Market Theory indi? 17 replies

Market profile trader-Merged profile 0 replies

Attachments: Auction Market Theory and Market Profile
Exit Attachments

Auction Market Theory and Market Profile

  • #4,561
  • Mar 8, 2012 5:40am Mar 8, 2012 5:40am
Quoting Aztrader2
Hi Bandung,
I noticed some differences between indis

In my image, I have TPO chart sessions 100b (chart bottom left)
and Ay TPO chart 1.31 set @ London Open as start of the day (chart upper left).
As you can see (Red Squares), ver 1.31 printed 3 C letters, but the other version printed just 2 C letters.... What is the right one?

Btw, I'm still not able to split sessions with 1.31b... :nerd: I tried mpss 0, 1 etc... but it doesn't works...

Thanks!
1.31 may the right one, because from time to time I fix the library to fix some kind of bugs. if you use 5 pips row height draw some lines with range of 5 pips, to see if until bar high need 2 or 3 C letters.

dont know what wrong with the split session, because it work well here.
try to reset merge profile (mpm x), split session (mpss x), split bars (mps x)
and try mpss 0-1.
Attached Image (click to enlarge)
Click to Enlarge Name: mpss.png Size: 57 KB
...
  • #4,562
  • Mar 8, 2012 5:46am Mar 8, 2012 5:46am
Quoting bandung
1.31 may the right one, because from time to time I fix the library to fix some kind of bugs. if you use 5 pips row height draw some lines with range of 5 pips, to see if until bar high need 2 or 3 C letters.

dont know what wrong with the split session, because it work well here.
try to reset merge profile (mpm x), split session (mpss x), split bars (mps x)
and try mpss 0-1.

Thanks for your help! It works now...
  • #4,563
  • Mar 8, 2012 5:52am Mar 8, 2012 5:52am
using 1 minutes tick vol.. I can see the famous "Not every price created equal"
Attached Image (click to enlarge)
Click to Enlarge Name: nope.png Size: 123 KB
...
  • #4,564
  • Mar 8, 2012 5:57am Mar 8, 2012 5:57am
Quoting bandung
using 1 minutes tick vol.. I can see the famous "Not every price created equal"



If I'm not wrong, you still didn't share this version....
Can you plz explain more about it? Expecially the rows of data on the right side?

Thanks!
  • #4,565
  • Edited 6:27am Mar 8, 2012 6:08am | Edited 6:27am
Quoting Aztrader2



If I'm not wrong, you still didn't share this version....
Can you plz explain more about it? Expecially the rows of data on the right side?

Thanks!
wew.. i'm about to upload it,

here we go..

I also experimenting with High/Low Vol Node
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row
you can adjust the criteria using HLUACriteria parameter.

note :
- it need p01.dll shifted with previous indicator I uploaded here
- you need enough M1 historical data
Attached Image
Attached File(s)
File Type: ex4 ###VolumeStrip.ex4   11 KB | 1,290 downloads
...
  • #4,566
  • Mar 8, 2012 7:11am Mar 8, 2012 7:11am
Bandung,
Thanks for sharing volume strip. Are you planning to post the latest top chart indicator 1.32 ?
Appreciate all your help
Quoting bandung
using 1 minutes tick vol.. I can see the famous "Not every price created equal"
  • #4,567
  • Mar 8, 2012 9:09am Mar 8, 2012 9:09am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
we have overnight inventory long(tokyo+london) and it seems we are in step nr 3 of market activity.
being above recent days value and market is struggle to extend the WIB on the up side we could get to the step nr 4 and retrace.
pis session opens out of range and doesn't seems to decide we just could continue to develop into this area now the euro news are over...
i would like to get into a short, if i get the chance
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 79 KB
  • #4,568
  • Mar 8, 2012 9:35am Mar 8, 2012 9:35am
Quoting s7c
we have overnight inventory long(tokyo+london) and it seems we are in step nr 3 of market activity.
Since u mentioned that it is step 3 of market activity, then it shd increase the odds of NY doing step 4 which is finding acceptance within the initial VA of UK poor structure, not to mention it is also a 3-I move & NY opens on fair value under a poor strucuture..

The long inventory needs to be tested during NY session, not prior..so far i dont see one.
  • #4,569
  • Mar 8, 2012 9:39am Mar 8, 2012 9:39am
@ Bandung, Thanks for another excellent contribution..
***********
We did have nice move in TK & london sessions, A good elongated profile with multiple balance areas. seeing this wave like buying can we say the there was some big Fresh Buys comming in today??
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
If it was easy, everyone would do it.
  • #4,570
  • Mar 8, 2012 10:30am Mar 8, 2012 10:30am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Since u mentioned that it is step 3 of market activity, then it shd increase the odds of NY doing step 4 which is finding acceptance within the initial VA of UK poor structure, not to mention it is also a 3-I move & NY opens on fair value under a poor strucuture..

The long inventory needs to be tested during NY session, not prior..so far i dont see one.
beside the 3I day it seems to me we both are saying the same thing, if i'm not missing something...
for a 3I day it shouldn't the first hour from london reflect the presence of initiative buyers?
  • #4,571
  • Mar 8, 2012 12:28pm Mar 8, 2012 12:28pm
Quoting bandung
wew.. i'm about to upload it,

here we go..

I also experimenting with High/Low Vol Node
HUA (Lime) is when vol >= 3 vol above and below the row
LUA (Yellow) is when vol <= than 3 vol above and below the row
you can adjust the criteria using HLUACriteria parameter.

note :
- it need p01.dll shifted with previous indicator I uploaded here
- you need enough M1 historical data
Thanks! Very nice job (as usual..... )

I post a chart to know if is working properly. I left all the basic settings, just changed "TEXT WIDHT" to 5 and day start to London Open.
I don't see the list of the prices you have in your rightmost column.....

How much historical M1 data do we need? I have 2000 bars loaded...
Attached Image (click to enlarge)
Click to Enlarge Name: volume strips.jpg Size: 105 KB
  • #4,572
  • Mar 8, 2012 1:47pm Mar 8, 2012 1:47pm
Quoting Evak
Since u mentioned that it is step 3 of market activity, then it shd increase the odds of NY doing step 4 which is finding acceptance within the initial VA of UK poor structure, not to mention it is also a 3-I move & NY opens on fair value under a poor strucuture..

The long inventory needs to be tested during NY session, not prior..so far i dont see one.
Hi Evak,

when you speak about "Poor Structure" you mean "Poor High/Low"? In this case, I ask just because in post #4114 you wrote your criteria to define a Good High/Low:

[quote] I am not sure how u would qualify a good (or poor) low but here is how i do it. Again is personal preference.

1 single letter is = 4pips, that is how i configure my profile as standard, if i use a 2 pip size then i will just double the following considerations. As for ES profiles I use 0.5 points or 2 tick size for a letter.

Tails with MINIMUM of:
- single prints just 2 rolls.
- 1 roll single + 2 rolls of double prints
- 3 rolls of double prints

In addition, I too consider where & why there are minus developments instead of just looking seeking for single prints. Everything have to be taken into context..e.g Is the profiles Neutral or sideways? etc.

Again i m not talking about Tails here, which would be obvious if one sees it. In addition, a good low does not imply that price would not make another low but it does indicate caution that a reversal could be forth coming. [END QUOTE]

Using your settings (4 pips row height) today's UK had 3 single prints+ 1 double print selling tail....
So, why you define it as a Poor Structure? Isn't it a Good High? Or the minus development is to far from high to qualify as a Good Structure?

(Using 5 pips settings we have 2 single prints + double prints selling tail)

Btw. Do You still use 4, instead of standard 5 settings for a single letter? Can I ask why?


Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: structure.jpg Size: 94 KB
  • #4,573
  • Mar 8, 2012 9:56pm Mar 8, 2012 9:56pm
Quoting Aztrader2
Hi Evak,

when you speak about "Poor Structure" you mean "Poor High/Low"? In this case, I ask just because in post #4114 you wrote your criteria to define a Good High/Low:
I am not refering to the high & low but rather to the incomplete developement of yesterday UK profile which will eventually needs repairs to a completion in order to see a balance structure. Poor strucuture can mean the structure lack symmetry. So in answering to s7c, i was just stressing that in order for price to have a meaninful move away. Price would need to find acceptance prior to making any decision by way of establishing a proper VA within a balance/good strucutre.

e.g UK profile shows an incomplete profile thus exhibiting a poor strucutre. But if u were to combine UK+NY, one would see a balance upper. From which todays TK will takes its queues from. So under the 4 step processs, UK profle vertical moves pause to go higher (step3), US continues (from fair value) & probe the highs in the late afternoon but eventually ended in balance (step4).

For pip size I use both 2 & 4 pip size. Mainly 4 (my default). Yesterdays chart was illustrated with size 2.
  • #4,574
  • Mar 8, 2012 11:57pm Mar 8, 2012 11:57pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
e.g UK profile shows an incomplete profile thus exhibiting a poor strucutre. But if u were to combine UK+NY, one would see a balance upper. From which todays TK will takes its queues from. So under the 4 step processs, UK profle vertical moves pause to go higher (step3), US continues (from fair value) & probe the highs in the late afternoon but eventually ended in balance (step4).
k, before i didn't understand fully your previous statement but now i'm totally lost...
when i said maybe we are in step nr 3 we were as the market showed just in step nr 2 and now tokyo session auction is step nr 3 and we could or could not have step nr 4...that's my understanding of all this market steps classification, see the funny attachment which hopefully reflects my idea. where i'm wrong, there's not necessary that the steps follow each other right the way and what the relation between the steps? what do you mean by fair value in the context?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 18 KB
  • #4,575
  • Mar 9, 2012 12:10am Mar 9, 2012 12:10am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
so we will continue the yesterday euro euphoria and auction up from a good reference point as this week VAH to maybe last week HVA? this considering we moved the value higher on good volume and close on the high, adding the weekly range extension.
or it could go down and fix the poor structure and the poor low and unfinished business from 2 days ago...
so, which way? hopefully i will be there in the moment the market will decide...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 85 KB
  • #4,576
  • Edited 1:57am Mar 9, 2012 1:16am | Edited 1:57am
Quoting Evak
I am not refering to the high & low but rather to the incomplete developement of yesterday UK profile which will eventually needs repairs to a completion in order to see a balance structure. Poor strucuture can mean the structure lack symmetry. So in answering to s7c, i was just stressing that in order for price to have a meaninful move away. Price would need to find acceptance prior to making any decision by way of establishing a proper VA within a balance/good strucutre.

e.g UK profile shows an incomplete profile thus exhibiting a poor strucutre....
Evak, thanks for your exhaustive answer! Sometimes I miss the whole meaning of a post due to my language difficulties....so, I tought you were speakin about Poor High....

Regarding the incomplete UK structure: it's always necessary for price to repair it? Because, in a strong trending market, we can have Step 1 -> Step 3 (acceptance balancing @ the upper level of Step 1), then another Step 1 (move away) in the same direction of previous 1...?

Btw, Actually Tokyo made Step 4 testing NY low....

Thanks!
  • #4,577
  • Mar 9, 2012 8:11am Mar 9, 2012 8:11am
perfect example of text book short covering rally. It met the three critera for SC (short covering)...... Daily profile.... had we been in an extended downtrend?, yes,..... did yesterdays profile open on its lows? yes asia opened on its lows,............did we have swift rapid move up? yes. And we have a presence of otf down. This with the confluence of of the rejection of the previous month vah made for a great high probability trade. It would kind of makes sense for people to cover their positions prior to a news release.........
Attached Image (click to enlarge)
Click to Enlarge Name: short cover.jpg Size: 206 KB
Markets are not efficient, rather they are effective - Jones
  • #4,578
  • Mar 10, 2012 6:16am Mar 10, 2012 6:16am
Quoting foxybunny
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.


Attachment
oh my god.. I really really missed this post.. I'm so sorry Foxy,
it will take forever for me to create a note like this in good English.
I will read it and back to you when i'm finish.
Thank you for taking time to create this note
...
  • #4,579
  • Mar 10, 2012 8:01am Mar 10, 2012 8:01am
Quoting bandung
oh my god.. I really really missed this post.. I'm so sorry Foxy,
it will take forever for me to create a note like this in good English.
I will read it and back to you when i'm finish.
Thank you for taking time to create this note
hi Foxi,
here is some answers to your question on the note.

I dont make an answers to your question about split/merge as I have to go.. maybe next time. perhaps you already have an answer for it as you questioning it since +-ten days ago .
Attached File(s)
File Type: rar foxybunny-note.rar   113 KB | 1,096 downloads
...
  • #4,580
  • Mar 10, 2012 5:11pm Mar 10, 2012 5:11pm
Bandung,
In your doc you have used indicator ay.TPOChart.1.32, any plan to share it soon?
Quoting bandung
hi Foxi,
here is some answers to your question on the note.

I dont make an answers to your question about split/merge as I have to go.. maybe next time. perhaps you already have an answer for it as you questioning it since +-ten days ago .
10 traders viewing now