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Auction Market Theory and Market Profile

  • #4,661
  • Mar 17, 2012 4:11am Mar 17, 2012 4:11am
Quoting Evak
Not much time to trade nowsadays. My only entry for this week off the daily VAL of yesterday balance profile set to UK open. There should be more room to go after this strong intial move. A correction is expected notewithstanding at least to repair the structure & a anomaly, 3250 would be my aim.

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Wow..... Great!
I guess if you ever had a losing trade....!
  • #4,662
  • Mar 17, 2012 6:29am Mar 17, 2012 6:29am
Quoting Aztrader2
Wow..... Great!
I guess if you ever had a losing trade....!
Who don't?
  • #4,663
  • Mar 18, 2012 11:19am Mar 18, 2012 11:19am
euro home is germany so one use franfurt open i.e 07.00 am gmt. 8 am is london open so i think it should be used for pound sterling.presently i am using eurusd as below
0.700 to 1300 gmt as one session
1330 to 2200 gmt 2nd session
2200 to 0.700 gmt as 3rd session

the other alternative is as below
7am to 1600 gmt euro session
1330 to 2200 gmt as us session
2200 to 7am gmt as asian session
Allah has permitted trade and has forbidden interest [koran]
  • #4,664
  • Mar 19, 2012 1:20am Mar 19, 2012 1:20am
Regardless of the open times chosen, this is the time of year one should be mindful of DST times, as US has already started to observe DST, Eur has not and wont until next week and Asia never does. In past years Ive made many errors in analysis by not paying attention to DST time changes, Ive learned to save "Spring" & "Fall" templates of my charts to avoid costly mistakes in the past........
Markets are not efficient, rather they are effective - Jones
  • #4,665
  • Mar 19, 2012 4:48am Mar 19, 2012 4:48am
Quoting mima
.
Hello anyone knows where can i find this indi? thanks in advance...
  • #4,666
  • Mar 19, 2012 7:13am Mar 19, 2012 7:13am
Quoting mzvega
Regardless of the open times chosen, this is the time of year one should be mindful of DST times, as US has already started to observe DST, Eur has not and wont until next week and Asia never does. In past years Ive made many errors in analysis by not paying attention to DST time changes, Ive learned to save "Spring" & "Fall" templates of my charts to avoid costly mistakes in the past........
Lol, I was dealing with this over the weekend.
  • #4,667
  • Mar 19, 2012 10:44am Mar 19, 2012 10:44am
The expectation after NY's spike up moves would be a consolidation. & 3 daytimeframe reference for this trade are the NY afternoon pullback low, the spike base & the anomalies-which is just below the spikebase. NY pullback low was breach during TK session but UK failure to auction below the spike base indicate base acceptance, i add to my trade on the UK auction point, but with a wider risk of 25pips with target to 3265 or last thur'sday control.

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PS: this would be my last post for this thread as I have taken on another job posting that comes with greater responsibilities & will not have much time to spare for my "favourite hobby". I wish everyone here, newbies & experiance AMT traders a properous years ahead & trade with a smile

Cheers!
  • #4,668
  • Mar 19, 2012 10:47am Mar 19, 2012 10:47am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
hmmm, thought NY it will be more like a long liquidation break and looked for entry in 1.3110 area. so missed this move, i have a long call on FXE though since last week...
  • #4,669
  • Mar 19, 2012 1:43pm Mar 19, 2012 1:43pm
Today coudn't be @ screen, so i prepared a buy limit PO @ 1.3136 and a conservative TP of 1.3220. Didn't filled for about 5 pips......

Anyway....Not so bad for the guy who had to be..."on the other side"......
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  • #4,670
  • Mar 19, 2012 2:21pm Mar 19, 2012 2:21pm
The best time to get long is to wait until everyone, has already been long...... Its easier than reading a book......
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Markets are not efficient, rather they are effective - Jones
  • #4,671
  • Mar 19, 2012 2:39pm Mar 19, 2012 2:39pm
Quoting mzvega
The best time to get long is to wait until everyone, has already been long...... Its easier than reading a book......
I don't agree with this sentence....
First coz, the latest who enter long enter too late...

Second, coz, as you can see, that was the "right" place to enter long today, not yesterday or tomorrow...

Third coz I'm not a full time trader as you are, and I'm not always at the screen.....I'm a newby...still learning....

Anyway, I already knew you're a very good trader.......

The problem was me......before I read the "right" books (and MP books are the ones..)

The other problem is that you don't believe I read the books.
  • #4,672
  • Mar 19, 2012 2:49pm Mar 19, 2012 2:49pm
Quoting Evak

PS: this would be my last post for this thread as I have taken on another job posting that comes with greater responsibilities & will not have much time to spare for my "favourite hobby". I wish everyone here, newbies & experiance AMT traders a properous years ahead & trade with a smile

Cheers!
This is a very sad day....... sincerely!
I wish you the best in your life!
  • #4,673
  • Mar 19, 2012 3:44pm Mar 19, 2012 3:44pm
Quoting Aztrader2
I don't agree with this sentence....
First coz, the latest who enter long enter too late...

Second, coz, as you can see, that was the "right" place to enter long today, not yesterday or tomorrow...

Third coz I'm not a full time trader as you are, and I'm not always at the screen.....I'm a newby...still learning....

Anyway, I already knew you're a very good trader.......

The problem was me......before I read the "right" books (and MP books are the ones..)

The other problem is that you don't believe I read the books.
It doesnt matter what I believe.......

Quoting Aztrader2
Anyway....Not so bad for the guy who had to be..."on the other side"......

How ‘bout this……..why don’t you stop using my quote, as some kind of reference to a joke, if you weren’t always making reference to my quote, I wouldn’t have bothered to comment at all………..
Hint: if you keep from making comments about my quote……..Ill keep from making comments about your posts……
Markets are not efficient, rather they are effective - Jones
  • #4,674
  • Mar 22, 2012 5:07am Mar 22, 2012 5:07am
-
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The Market pays you to be disciplined
  • #4,675
  • Mar 22, 2012 8:28am Mar 22, 2012 8:28am
Quoting Evak

PS: this would be my last post for this thread as I have taken on another job posting that comes with greater responsibilities & will not have much time to spare for my "favourite hobby". I wish everyone here, newbies & experiance AMT traders a properous years ahead & trade with a smile

Cheers!
Really Sad for atleast AMT Learners like me who's learnt a lot from a gentleman like you & othershere in this thread and could have learnt more..

Hope you leaving does'nt relate to some offtopic discussion here...
If it was easy, everyone would do it.
  • #4,676
  • Mar 22, 2012 8:52am Mar 22, 2012 8:52am
whole london session dominated by long term seller in eu with poc at 1.3160.may be market going down long term if it break 1.3000
Allah has permitted trade and has forbidden interest [koran]
  • #4,677
  • Mar 22, 2012 9:57am Mar 22, 2012 9:57am
Quoting drzakir123
whole london session dominated by long term seller in eu with poc at 1.3160.may be market going down long term if it break 1.3000
Were you able to find a place to enter and take advantage of some of the down move?
Markets are not efficient, rather they are effective - Jones
  • #4,678
  • Mar 22, 2012 10:32am Mar 22, 2012 10:32am
Quoting mzvega
Were you able to find a place to enter and take advantage of some of the down move?
well, i can see market playing in a big range between 1.3000 and 1.3285. entry as i understand is entirely depend upon how much leverage and what kind drawdown one is ready to take. say if ur leverage is 1:1 then u can enter anywhere in the above range and if ur leverage is 1:50 entering even at the most presice point will be dangerous,hence drawdown is a function of ur emotion and ur uncle point ,thereby ur entry point.
apologies for not giving very straight forward answer.thanks
Allah has permitted trade and has forbidden interest [koran]
  • #4,679
  • Mar 22, 2012 7:42pm Mar 22, 2012 7:42pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
seems like evak was serious and now nobody feels like to post now or others decided to steal some, useless ones but still...
hopefully he will come back, he still owes me the markets steps explanation
what you want evak money, women, cars? just let us know

k, i see yesterday as LLB from frankfurt open. i think it's satisfying the mzvega raised conditions with which i agree...
so the day is like formed from 2 different distribution with a small excess so lower OTF conviction and the closed on the up off lower distribution implying sentiment has changed.
i tried to buy when pit session started having a very good asymmetric opportunity if you take in consideration the WIB and being below value. but waited for the price to touch the last week VAH to get the most of it and ended to get long with a stop limit order after the LLB confirmation.

@mzvega regarding the confirmation the OTF up didn't last for long, how do we handle that? how do we get the attempted direction? the range extension was down but the RF in my summing was +4, i will go on range extension though...
for tomorrow first i wanna see the VAH from yesterday braked and after we will just repair the anomalies from upper distribution or...
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  • #4,680
  • Mar 23, 2012 3:03am Mar 23, 2012 3:03am
is the move this morning 7.00 am gmt in eu fat tail event.by the way nassim taleb is quite critical of whole concept of bell curve distributions in financial markets.
Allah has permitted trade and has forbidden interest [koran]
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