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Auction Market Theory and Market Profile

  • #4,761
  • Aug 17, 2012 11:08pm Aug 17, 2012 11:08pm
Quoting mzvega
[font=Verdana][size=2]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...

Just curious is that the indicator R-marketprofile mzvega shared?
And Ive yet to try splitting the profile by volatility so just wanted to ask if it exceeds the ATR it opens a new session? So within LO on an expansive day there would be more than one profile for 1 session?

Thanks in advance
  • #4,762
  • Edited 11:54pm Aug 17, 2012 11:35pm | Edited 11:54pm
Quoting nicoacademia
Just curious is that the indicator R-marketprofile mzvega shared?
And Ive yet to try splitting the profile by volatility so just wanted to ask if it exceeds the ATR it opens a new session? So within LO on an expansive day there would be more than one profile for 1 session?

Thanks in advance
Not quite, if its set at 4 it (splits if ATR [1] / ATR [6]> 4)......... in my chart, I have it set to split every 32 bars(approx. every 8 hours), and I also have it set to split on increased volatility. However, you may also use the settings to split the profile when price exceeds the range by x-amount of points . Or by a % of the range extention. You may use any of the settings in combination with each other. There is also an R-alarm EA that will sound an alert, when any of these events occur........
But yes there can very well be more than one profile per session........
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 159 KB
Markets are not efficient, rather they are effective - Jones
  • #4,763
  • Aug 18, 2012 10:02am Aug 18, 2012 10:02am
Quoting Kang_Gun
Wake up thread...................
Where have you been Kang... miss u :ngacir:
  • #4,764
  • Aug 19, 2012 3:57pm Aug 19, 2012 3:57pm
Wondering if anyone knows where I can get hold of the Jim Dalton Field of Vision workbook and DVD's?

Thanks
  • #4,765
  • Aug 20, 2012 2:39am Aug 20, 2012 2:39am
Quoting ImHard4Pips
Wondering if anyone knows where I can get hold of the Jim Dalton Field of Vision workbook and DVD's?

Thanks
http://search.4shared.com/q/1/james%...vision?view=ls
Markets are not efficient, rather they are effective - Jones
  • #4,766
  • Aug 20, 2012 2:43am Aug 20, 2012 2:43am
Quoting mzvega
http://search.4shared.com/q/1/james%...vision?view=ls
Thanks for link but I should have mentioned. I already saw that. The fourth disc and workbook are missing.
  • #4,767
  • Aug 20, 2012 4:23am Aug 20, 2012 4:23am
Quoting ImHard4Pips
Thanks for link but I should have mentioned. I already saw that. The fourth disc and workbook are missing.
disc 4
http://www.4shared.com/file/WUmVf3CA...of_Vision.html
Markets are not efficient, rather they are effective - Jones
  • #4,768
  • Aug 20, 2012 2:11pm Aug 20, 2012 2:11pm
Quoting mzvega
disc 4
http://www.4shared.com/file/WUmVf3CA...of_Vision.html
Sweet. Thanks very much!
  • #4,769
  • Aug 20, 2012 8:51pm Aug 20, 2012 8:51pm
Quoting mzvega
disc 4
http://www.4shared.com/file/WUmVf3CA...of_Vision.html
this is awesome! thanks mzvega
  • #4,770
  • Aug 21, 2012 12:03pm Aug 21, 2012 12:03pm
Hi everyone,

Does anyone know where I can find a MP indicator where I can select the start date and end date for the profile using the vertical lines on the MT4 chart?

Thanks
Wal
  • #4,771
  • Aug 21, 2012 12:19pm Aug 21, 2012 12:19pm
Quoting tradewiser
Hi everyone,

Does anyone know where I can find a MP indicator where I can select the start date and end date for the profile using the vertical lines on the MT4 chart?

Thanks
Wal
Here you go..........................
you can find info http://russian-forex-indicators.blog...pricestat.html
Attached File(s)
File Type: mq4 !PriceStat.mq4   7 KB | 913 downloads
Markets are not efficient, rather they are effective - Jones
  • #4,772
  • Aug 21, 2012 12:33pm Aug 21, 2012 12:33pm
Does anyone know of a thread or forum, where people actually "Discuss" AMT/MP.??????
Markets are not efficient, rather they are effective - Jones
  • #4,773
  • Aug 22, 2012 4:17am Aug 22, 2012 4:17am
Quoting mzvega
Here you go..........................
you can find info http://russian-forex-indicators.blog...pricestat.html

Thanks mzvega. I'll look into it.
  • #4,774
  • Aug 23, 2012 2:35am Aug 23, 2012 2:35am
Quoting mzvega
[font=Verdana][size=2]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...

It is difficult to find people actually "Discuss" AMT/MP, even after google search.
Perhaps less people are using MP, or those traders that do use MP just don't discuss much on open forum.

Just finished watching Steidlmayer's Volume Strip presentation on CME.
Very difficult to digest his explanations.

Sounds like in essence he is looking to present a volume profile to trade based on volume size rather than the price.
More like cumulative volume, if it reach X-size then buy, then sell after it hits (X+1) size, something like that.
He did said that with today's cross exchanges, that the volume may not be that accurate either, so don't know how he is doing his volume strips.

He also said about harder to make "Price Discovery", and the Value Area of MP may not be the value area now with electronic exchanges as opposed to the pits.
Sounds like he now prefer to test entries on breakouts either way, rather than waiting for a low value price zone to enter.

Most interesting bit was he said recent years with electronic exchanges that prices "don't reach consensus" as oppose to price normally reach consensus during pit trading.
I find this interesting yet don't agree as market price will always reach consensus as one point in time regardless whether it is the pit trading or electronic exchange trading.

What's your take on his presentation ?
  • #4,775
  • Aug 29, 2012 10:01pm Aug 29, 2012 10:01pm
Will EU fill this area? need correction from you guys.
Attached Image (click to enlarge)
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  • #4,776
  • Aug 29, 2012 10:36pm Aug 29, 2012 10:36pm
Quoting bila
Will EU fill this area? need correction from you guys.
Hi Bila.
Just a comment. I think that the area is already fairly balanced, if you merge with the previous 2 days(just eye bowling).
Probably, the easiest move is to the downside.
But it is just only an opinion.

Cheers!
Joao Paulo
  • #4,777
  • Aug 30, 2012 4:02am Aug 30, 2012 4:02am
Quoting foxybunny
It is difficult to find people actually "Discuss" AMT/MP, even after google search.
Perhaps less people are using MP, or those traders that do use MP just don't discuss much on open forum.

Just finished watching Steidlmayer's Volume Strip presentation on CME.
Very difficult to digest his explanations.

Sounds like in essence he is looking to present a volume profile to trade based on volume size rather than the price.
More like cumulative volume, if it reach X-size then buy, then sell after it hits (X+1) size, something like that.
He did said...

I appreciate your response………I've have found places where people discuss AMT/MP, but not many cover currencies. I too found the Volume Strip presentation hard to digest. Further back in the thread, it had been discussed, and Bandung was kind enough to create a volume strip indicator. I've tried to apply it to my trading, but it doesn’t seem to give me much of an edge, and those numbers have little correlation with my trade decisions, or my entry's. And being that the "Strips" software is to be licensed by the CME, its not something that can be used for "Spot Forex", since I have no plan to trade "Futures" I don’t give much thought
As for as the "Time Variable Profiles", that shouldn’t be anything new imo, to Spot Forex traders, as splitting the profile into sessions (according to session "times") is trading "Time Variable Profiles". In order to apply Market Profile concepts (designed for trading limited "exchange hours") to a 24h market, you had fewer opportunities/reference points with a daily profile. By splitting the profiles into sessions, you create more areas opportunities to enter a trade and manage risk. It’s a way of trading the smaller distributions within the larger distributions of price………...
Markets are not efficient, rather they are effective - Jones
  • #4,778
  • Aug 30, 2012 4:03am Aug 30, 2012 4:03am
Quoting bila
Will EU fill this area? need correction from you guys.

From the quarterly perspective, the Qprofiles, have been "one time framing" down, the developing profile value has still managed to migrate lower as well as the poc. There is slight range extension above & below, a neutral/balance market, suggesting acceptance of price. Unless I see an initiative drive outside the IB (i.e. monthly, weekly "one time framing" up) I think there is a better probability of lower prices, relative to where we are now. We are above value, but I see no signs of initiative buying. That LUA is the same area as the yearly open, imo, I'm not sure we will return to it………………….but then anything can happen.
Markets are not efficient, rather they are effective - Jones
  • #4,779
  • Aug 30, 2012 6:38am Aug 30, 2012 6:38am
Quoting joaoborras
Hi Bila.
Just a comment. I think that the area is already fairly balanced, if you merge with the previous 2 days(just eye bowling).
Probably, the easiest move is to the downside.
But it is just only an opinion.

Cheers!
Joao Paulo
Thank you Joao Paulo for your feedback
  • #4,780
  • Aug 30, 2012 6:42am Aug 30, 2012 6:42am
Quoting mzvega
From the quarterly perspective, the Qprofiles, have been "one time framing" down, the developing profile value has still managed to migrate lower as well as the poc. There is slight range extension above & below, a neutral/balance market, suggesting acceptance of price. Unless I see an initiative drive outside the IB (i.e. monthly, weekly "one time framing" up) I think there is a better probability of lower prices, relative to where we are now. We are above value, but I see no signs of initiative buying. That LUA is the same area as the yearly...
Thankyou mzvega, always love your feedback, now I must learn harder then before about this auction method
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