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Auction Market Theory and Market Profile

  • #4,741
  • Aug 8, 2012 11:08am Aug 8, 2012 11:08am
Quoting nicoacademia
thanks mzvega! i surfed around n found the settings explanation here:
http://translate.googleusercontent.c...FaFNxu5lyrAjPA

wow i'm reading translated italian. haha. can learn some italian...
Markets are not efficient, rather they are effective - Jones
  • #4,742
  • Aug 8, 2012 11:12am Aug 8, 2012 11:12am
and the better looking product
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  • #4,743
  • Aug 8, 2012 11:19am Aug 8, 2012 11:19am
by adjusting start date can go further back
the daily is 96 bars on a 15m. 24x4.
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  • #4,744
  • Aug 8, 2012 11:30am Aug 8, 2012 11:30am
Quoting nicoacademia
by adjusting start date can go further back
the daily is 96 bars on a 15m. 24x4.
Its great to see that you got it pretty much figured out, from my experience, to avoid "buggy" behavior, its not wise to save the profile on the chart as a template, as it stores the old data, and when opened again it continues to calculate new and old data. Is best to just load the indicator when you open a fresh chart, or if you want to save the chart settings, just remove the indicator, then save chart settings......
Markets are not efficient, rather they are effective - Jones
  • #4,745
  • Aug 8, 2012 11:42am Aug 8, 2012 11:42am
Wow ok. Thats life saving information there!
  • #4,746
  • Aug 8, 2012 11:46am Aug 8, 2012 11:46am
Quoting nicoacademia
by adjusting start date can go further back
the daily is 96 bars on a 15m. 24x4.
you can also plot daily profiles this way,....... this way you can change TF and still plot the daily. If you use reset bars, it will always split the profile x amount of bars reguardless of TF......
Attached Image (click to enlarge)
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Markets are not efficient, rather they are effective - Jones
  • #4,747
  • Aug 9, 2012 12:36am Aug 9, 2012 12:36am
understood. you made it look so pretty on the eye.
finally got to sit down at my comp to look at what i can do with this.
  • #4,748
  • Aug 9, 2012 2:28am Aug 9, 2012 2:28am
Quoting mzvega
Its great to see that you got it pretty much figured out, from my experience, to avoid "buggy" behavior, its not wise to save the profile on the chart as a template, as it stores the old data, and when opened again it continues to calculate new and old data. Is best to just load the indicator when you open a fresh chart, or if you want to save the chart settings, just remove the indicator, then save chart settings......
mzvega, does clicking edit>ok "refresh" the indicator? or must i remove the indicator then re-add it to the chart to "refresh" it?
  • #4,749
  • Aug 9, 2012 11:28am Aug 9, 2012 11:28am
Quoting nicoacademia
mzvega, does clicking edit>ok "refresh" the indicator? or must i remove the indicator then re-add it to the chart to "refresh" it?

There’s no problem refreshing the chart. Its just not good to save a chart template with the indicator on it. At the end of my trading day I used to make a template, so I could open my charts, without having to redo all the settings, and every day it got slower and slower, I finally looked to see why the chart was taking so long to load, and it was bcause it never removed the old profiles. So if I use the indicator I remove it when Im done for the day, and then save my charts. But if you don’t save charts, its not a problem at all.......
Markets are not efficient, rather they are effective - Jones
  • #4,750
  • Aug 14, 2012 8:16am Aug 14, 2012 8:16am
Wake up thread...................
  • #4,751
  • Aug 16, 2012 10:12am Aug 16, 2012 10:12am
Fairly recent webinar by P. Steidlmayer at the CME.............

http://www.cmegroup.com/education/vo...ys-market.html
Markets are not efficient, rather they are effective - Jones
  • #4,752
  • Aug 16, 2012 9:09pm Aug 16, 2012 9:09pm
Fantastic interview with a professional UK trader, Kam Dhadwar, explaining how he uses Auction Market and Order Flow.

He talk about Market Delta software and its Footprint, wondering who is using this here and how does it actually show the Order Flow ?

Anyone here can give some screenshots of Order Flow and explain how they use it ?

And whether this software is usable for Spot FX ?

http://www.moneyshow.com/trading/art...f-a-UK-Trader/
  • #4,753
  • Aug 16, 2012 9:11pm Aug 16, 2012 9:11pm
Quoting foxybunny
Fantastic interview with a professional UK trader, Kam Dhadwar, explaining how he uses Auction Market and Order Flow.

He talk about Market Delta software and its Footprint, wondering who is using this here and how does it actually show the Order Flow ?

Anyone here can give some screenshots of Order Flow and explain how they use it ?

And whether this software is usable for Spot FX ?

http://www.moneyshow.com/trading/art...f-a-UK-Trader/
you can trial the software here. but it is abit complicated to setup and run. https://www.marketdelta.com/trial
need to also sign up for a data feed free demo at a serparate site.
  • #4,754
  • Aug 16, 2012 10:05pm Aug 16, 2012 10:05pm
Hello MP Jedi Masters :-)
I was wondering if you could help me with a balance/imbalance question.

In the audjpy chart below, I've highlighted a balance area in the blue box and retracements back marked in yellow circles. Now, the state when prices go back to the box (imbalance) and goes away from the box (imbalance), should there be another intermediate stage of balance even though it doesn't appear that way because there was a quick movement away from supply? In other words, can markets go from imbalance to imbalance? My guess is no and that it must be balanced first before anything can trend.
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  • #4,755
  • Aug 16, 2012 11:13pm Aug 16, 2012 11:13pm
Quoting Datu
Now, the state when prices go back to the box (imbalance) and goes away from the box (imbalance), .
The state in which prices go back to the box (value area) is "Balance", and when price moves away "Imbalance", so therefore there may not be need to ask if price can go from "imbalance to imbalance"., I find it very difficult to even begin to wrap my mind around that question. There are alot of links at the begining of the thread, anyone of those books will give you the basics of "Price distribution"............
Attached Image
Markets are not efficient, rather they are effective - Jones
  • #4,756
  • Aug 16, 2012 11:43pm Aug 16, 2012 11:43pm
Thanks MZ for the graphic. I forgot to mention the chart is a daily chart. I'll go back and see how a trend is defined as it relates to imbalances.
  • #4,757
  • Aug 17, 2012 12:13am Aug 17, 2012 12:13am
Quoting mzvega
Fairly recent webinar by P. Steidlmayer at the CME.............

http://www.cmegroup.com/education/vo...ys-market.html
Very interesting and heavy topic.

Peter Steidlmayer is very analytical and very smart.

Watching this seminar, he seem like wanting to bring Time in order to slow down the High Frequency Trading to go back to the older days of Manual Market Makers.

The new profile is like have more split profiles (as opposed to the merged profiles) and more like Time Price Objectives.

He is selling his software and methodologies to the exchanges like the way he sold his Market Profile to CME, now that he is saying Market Profile is becoming more subjective and sort of out-dated.

This video did not show clearly his chart screens, his new Time programs does look more complicated than the Market Profile.
He is sounding more like an analyst and a licensor of software and productivity expert, than a trader.
Hope he is able to simplify the profiles with his new methodologies.

Still very interesting and enthusiastically dedicated as we can seen him still improving and updating his methodologies while in this business for decades.

Next ... to watch his volume strip video.
  • #4,758
  • Aug 17, 2012 7:14am Aug 17, 2012 7:14am
Quoting nicoacademia
you can trial the software here. but it is abit complicated to setup and run. https://www.marketdelta.com/trial
need to also sign up for a data feed free demo at a serparate site.
YOu can not use Market Delta in the FX. We do not have true volume and have to guess using the tick information. In the futures market the information is given making it easy to see when the volume is drying up or increasing which can be seen in a DOM. Firetip is a good platform to look into on the futures and trade any instrument you want. I suggest trading the Ny session on the Futures on day trading margin then trading FX spot in London.
  • #4,759
  • Aug 17, 2012 8:10am Aug 17, 2012 8:10am
Quoting foxybunny
Very interesting and heavy topic.

Peter Steidlmayer is very analytical and very smart.

Watching this seminar, he seem like wanting to bring Time in order to slow down the High Frequency Trading to go back to the older days of Manual Market Makers.

The new profile is like have more split profiles (as opposed to the merged profiles) and more like Time Price Objectives.

He is selling his software and methodologies to the exchanges like the way he sold his Market Profile to CME, now that he is saying Market Profile is becoming more subjective...

I too found the webinar interesting……I thought it amusing that in order to apply Auction Market Principles, to the 24h FX market, here in this thread, we had split the profiles, to session profiles (time based) to better trade the HFT nature of the 24h FX Market. Well, it seems now the case applies to all trading instruments due to the increased volume of computer trading. Being that Stieldermayer has always been a "Bond" trader, he hasn’t had need to adapt until now. But those who have always traded the FX market, should have already adapted by splitting the profiles into sessions, due to the nature of the 24h trading. He also mentioned using profiles to view the momentum (speed) in which price is trading, so with that in mind, I still split profiles to sessions (time based), but I also I set them to split on increased volatility to better view the speed at which price is trading. Its great for entries, and when you have confluence with the smaller profiles and the larger profiles (daily, weekly & monthly) it makes for a great entry for a longer term trade……...

PFGBEST & ESIGNAL also hosted the same type of webinar, the charts were clear and he gave slightly better detail, PFGBEST is going through bankruptcy and the server is down, and the archived webinar is unavailable. You may be able to find the webinar with better charts through Esignals archived webinars……...
Attached Image (click to enlarge)
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Markets are not efficient, rather they are effective - Jones
  • #4,760
  • Aug 17, 2012 8:54pm Aug 17, 2012 8:54pm
Quoting qtrader
YOu can not use Market Delta in the FX. We do not have true volume and have to guess using the tick information. In the futures market the information is given making it easy to see when the volume is drying up or increasing which can be seen in a DOM. Firetip is a good platform to look into on the futures and trade any instrument you want. I suggest trading the Ny session on the Futures on day trading margin then trading FX spot in London.
Oh please. The 6E and cash moves in tandem. If futures turn cash turns in tandem too. If 6E hits a structure, that structure is in the cash market also.
The actual numerical quote differs on a consistent basis by 3-5pips. But the movement is similar.

Market is either going up or down. If you cant see at what price level the market is going to make a decision even if you jump around so many markets it just creates the allure and deception that you know what you are doing.
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