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Auction Market Theory and Market Profile

  • #4,781
  • Aug 31, 2012 1:55am Aug 31, 2012 1:55am
Quoting mzvega
[font=Calibri][font=Verdana][size=2]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...

Oh ... I must have missed quite a few of the back posts from Bandung's discussion on volume strip.

Recall last time you used "Delta Force" indicator, that Delta Force should be more useful.

Thot you may have your own private chat group with Kave, tgwhbb, etc ?

There is a VSA group where tgwhbb appears sometimes talking more on VSA, but he has shown chart using MP as well.
If you are interested, the group is http://forum.vsawiki.com

Note there are less posters there now, mostly talk about is VSA, but I am sure if you talk about MP,there will be tgwhbb and s7c and others there who may discuss more with you.

I am sorry I don't discuss much on AMT/MP with you, as MP is not my tool, and I don't really speak the MP lingo, even though volume is still a significant factor in my trading decision.
  • #4,782
  • Sep 6, 2012 3:11am Sep 6, 2012 3:11am
HI. I come here often to Clear some doubts about AMT/MP, its really sad to see such a informative and interactive thread dead.. Than i suddenly see Mzvega's few posts on the thread and I get alive again..
Thanks Mzvega for posting some really excellent posts earlier on the thread, my one of the best among all will be:
http://www.forexfactory.com/showthre...07#post5477207

would love to learn more on differentiating between Old Business and New business (LLB Vs SCR)

Regards and wish to learn more from you!
If it was easy, everyone would do it.
  • #4,783
  • Sep 6, 2012 5:18am Sep 6, 2012 5:18am
Quoting santoshdts
HI. I come here often to Clear some doubts about AMT/MP, its really sad to see such a informative and interactive thread dead.. Than i suddenly see Mzvega's few posts on the thread and I get alive again..
Thanks Mzvega for posting some really excellent posts earlier on the thread, my one of the best among all will be:
http://www.forexfactory.com/showthre...07#post5477207

would love to learn more on differentiating between Old Business and New business (LLB Vs SCR)

Regards and wish to learn more from you!

I appreciate the kind words……..determining the difference between "Old Business & "New Business" was one of hardest things, imo , for me to wrap my mind around in learning about the auction market process. The auction process is not something you can pick up from reading a thread online, you can find many resources online, but it actually takes work & a lot study. Its really hard to help others who haven't or wont read any of the reference materials. I just got frustrated with the thread, no one wanted to learn about Auction Process, more concerned with which way to trade "Now". ……again thank you for the kind words. Its good to know that someone actually reads the info and resources here. A lot of great people put in a lot of time & effort into this thread, it would be nice to see some of them back……... Hope I can be of any help

Just pleeeeease don’t ask me "Where's the indicator?"
Markets are not efficient, rather they are effective - Jones
  • #4,784
  • Sep 6, 2012 10:30am Sep 6, 2012 10:30am
Here is a link to a webinar I attened yesterday..........

"Analyzing the Trading Structure Needed for Success with Peter Steidlmaye​r"
http://esignal.adobeconnect.com/p8mwsqxgqt3/
Markets are not efficient, rather they are effective - Jones
  • #4,785
  • Edited 5:20am Sep 7, 2012 4:33am | Edited 5:20am
Quoting mzvega
Here is a great profile indicator to create mergered profiles. It has IB ranges, profile splits based on time or volitility, many, many, uses! I found it on an Italian website. Here is the google tranlate link. The page explains so much more than I can. Here is the link http://translate.google.com/translat...%26prmd%3Divns...
mzvega,
I was wondering if you were still using this profile from post #1058. I'm trying to find an indicator similar to this that will allow you to place two profiles on the same TF, but set to different parameters(like your chart posted on post #1069). Is there an updated version of this MP, or perhaps you have one that is not cpu heavy that can be placed to the right of the charts. Thank you for your contribution. You've been a great contributor and I appreciate you keeping this thread alive.
  • #4,786
  • Sep 7, 2012 7:01am Sep 7, 2012 7:01am
Quoting FXSwissTrader
mzvega,
I was wondering if you were still using this profile from post #1058. I'm trying to find an indicator similar to this that will allow you to place two profiles on the same TF, but set to different parameters(like your chart posted on post #1069). Is there an updated version of this MP, or perhaps you have one that is not cpu heavy that can be placed to the right of the charts. Thank you for your contribution. You've been a great contributor and I appreciate you keeping this thread alive.
These 2 indicators are the most "User & CPU friendly" that I have ran into so far. The only pitfall is they don’t have reference areas or any "market generated info" (VA's, Range extensions, rotation factors, Q% close, volume ratios, vol at price, initial balances, tpo's, just to name few). I use a combination of the indicators, but I rely heavily on the originals created here by Bandung, because you cant interpret the Auction Market Process, when you cant see the data………... you can find info about the indicators & settings here http://translate.google.com/translat...%2Ftpo&act=url (Russian site)
Attached Image (click to enlarge)
Click to Enlarge Name: indicators.jpg Size: 207 KB
Attached File(s)
File Type: zip tpo_2.5.7491.zip   15 KB | 6,461 downloads
Markets are not efficient, rather they are effective - Jones
  • #4,787
  • Edited 9:41am Sep 7, 2012 8:13am | Edited 9:41am
Quoting mzvega
[font=Verdana][size=2]These 2 indicators are the most "User & CPU friendly" that I have ran into so far. The only pitfall is they don’t have reference areas or any "market generated info" (VA's, Range extensions, rotation factors, Q% close, volume ratios, vol at price, initial balances, tpo's, just to name few). I use a combination of the indicators, but I rely heavily on the originals created here by Bandung, because you cant interpret the Auction Market Process, when you cant see the data………... you can find info about the indicators & settings...
Thanks for the response mzvega. Do you have setting instructions for the property settings for TPO-Range? What is RangeMode, RangeMinutes and mode step and how to interpret for proper settings for higher TF? Appreciate the help.
  • #4,788
  • Sep 7, 2012 8:25pm Sep 7, 2012 8:25pm
Quoting FXSwissTrader
Thanks for the response mzvega. Do you have setting instructions for the property settings for TPO-Range? What is RangeMode, RangeMinutes and mode step and how to interpret for proper settings for higher TF? Appreciate the help.

For indicator +TPO:
Range period = you can use any of following tf's : 1, 5, 15, 30, 60, 240(4h), 1440 (daily), 10080 (weekly), 43200 (monthly).

For indicator +TPO-Range:
Range mode= 0 uses the vertical lines to set the boundaries to determine the length of the profile.
Range mode= 1 uses minutes (time), you are not limited to the standard 1, 5, 15, 30, 60, 240, 1440, 10080 (weekly), 43200 (monthly) settings. You can use any amount 5000, 2500, 1001, 1234, 4321,etc. (you can only use minutes equal or greater than the tf you are viewing)
Range mode = 2 uses minutes also, but any data to the right of the border (vertical line) is not included in the calculations. This is done so that when you change the source data and timeframes, respectively, a distribution is not changed.
Mode step = (subjective) it sets the minimum price ticks represented by each tpo
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mode 0.jpg Size: 274 KB
Click to Enlarge Name: monthly high mode.jpg Size: 300 KB
Click to Enlarge Name: monthly low mode.jpg Size: 314 KB
Click to Enlarge Name: parameters.jpg Size: 138 KB
Markets are not efficient, rather they are effective - Jones
  • #4,789
  • Edited 5:41am Sep 8, 2012 5:28am | Edited 5:41am
Quoting mzvega
For indicator +TPO:
Range period = you can use any of following tf's : 1, 5, 15, 30, 60, 240(4h), 1440 (daily), 10080 (weekly), 43200 (monthly).

For indicator +TPO-Range:
Range mode= 0 uses the vertical lines to set the boundaries to determine the length of the profile.
[font=Verdana]Range mode= 1 uses minutes (time), you are not limited to the standard 1, 5, 15, 30, 60, 240, 1440, 10080 (weekly), 43200 (monthly)...
Thank you mzvega for taking the time to post this very detail instructions on the use of this profile. Much appreciated. I hope you can keep this thread going again. I was wondering if you have consider incorporating VSA into trading profile?
  • #4,790
  • Sep 10, 2012 8:23pm Sep 10, 2012 8:23pm
How Market Profile Helps Me Profit

http://www.moneyshow.com/trading/art...TRADERS&page=1
  • #4,791
  • Sep 14, 2012 2:24am Sep 14, 2012 2:24am
hi folks.

Nice run yesterday Long time no see.

Asia inventory looking abit too long now, UK open within spike (may not be too significant for longer timeframe consideration) but short term wise the gap may be too small for a rotation within it. So either a acceptance below the base would be a better bet so as to see price trading back down to NY high which is the logical reference & a better odds as oppose the upside with inventory being too risky & long for not a lot of volume to support it. Asia odd symmetry may be deem for some repairs too.

http://i.imgur.com/YVtJh.gif
  • #4,792
  • Sep 14, 2012 2:36am Sep 14, 2012 2:36am
Quoting Evak
hi folks.

Nice run yesterday Long time no see.

Asia inventory looking abit too long now, UK open within spike (may not be too significant for longer timeframe consideration) but short term wise the gap may be too small for a rotation within it. So either a acceptance below the base would be a better bet so as to see price trading back down to NY high which is the logical reference & a better odds as oppose the upside with inventory being too risky & long for not a lot of volume to support it. Asia odd symmetry may be deem for some repairs...
Welcome Back, Evak/Kave.
  • #4,793
  • Sep 14, 2012 9:21am Sep 14, 2012 9:21am
Quoting foxybunny
Welcome Back, Evak/Kave.
nice to see u here..busy as hell but try to add whatever observation i can to fuel furthur discussion, if ever
  • #4,794
  • Edited 9:41am Sep 14, 2012 9:28am | Edited 9:41am
I think JD refer it as an exception to an exception".

We see an open drive down during UK, not that it was fuel with conviction..eventually failure to auction lower see the profiles built up (fatten) & reverse to close back up above its open. That would be a nice entry point then & there, it broke above the go no go Asia high.

NY open drive continues above the ledge just above some of the minus developement spike with value buiding higher as we still continue one time framing up after the pause(inventory adjustment) prior to CME FX pit session open. Yummy... but looks like exhaustion now though..

http://i.imgur.com/oSNjk.gif
  • #4,795
  • Sep 14, 2012 9:39am Sep 14, 2012 9:39am
Monthly; price is into the april range & even the onto the POC now, which was previously a lauchpad for the start of May's liquidation. I wonder if this could be the limit for this profile high or a higher target to May's high which by then shd complete the rotation backup. we are not back into the Feb to April balance range but value is within May's range.

http://i.imgur.com/1h5ho.gif
  • #4,796
  • Edited 9:04am Sep 15, 2012 8:49am | Edited 9:04am
Wow.. Wellcome back Evak..


Great to see your post after long time.. Now this therad is alive... With you,Mzvega..and others..

Regards

Santosh
If it was easy, everyone would do it.
  • #4,797
  • Edited Sep 17, 2012 2:27am Sep 16, 2012 11:00pm | Edited Sep 17, 2012 2:27am
Weekly: For this week as in previous week we have a late in the week (friday) spike up which see price close away from it's value. Previous week spike discovery occuring early prior to the break above spike.

Prior to last week late spike we have a double D prior to the spike up.
Assuming the spike rule is still intact for furthur rally, prior to that a price discovery perhaps by revisiting the anomalies would come in mind. 1.3000 & 1.3250 to provide the important immediate destination for any early week price extreme.

http://i.imgur.com/enkZc.gif
  • #4,798
  • Sep 16, 2012 11:24pm Sep 16, 2012 11:24pm
Hi guys. I know you don't like questions about the indicators but, I promise you, I tried to figure out how to use it during the weekend but am not having good results.

I am trying with 2 indicators, the ay-TPOChart-Session.v1.20 and the ay-TPOChart-v1.30.
What I get when I add ay-TPOChart-Session.v1.20 to a chart(here it is euro, 1hr) is this: http://screencast.com/t/DdkBNMCY
And this is for ay-TPOChart-v1.30: http://screencast.com/t/MdZRBtLsmq

I cannot merge neither get a good visualization out of it.
For ay-TPOChart-Session.v1.20, it can be related to the fonts files. Where do I save these fonts?

Any help with the indies, please!

Thank you,
Joao Paulo
  • #4,799
  • Edited 10:26pm Sep 17, 2012 10:15pm | Edited 10:26pm
Quoting joaoborras
.....
I cannot merge neither get a good visualization out of it.
For ay-TPOChart-Session.v1.20, it can be related to the fonts files. Where do I save these fonts?

Any help with the indies, please!

Thank you,
Joao Paulo
Have u try this version instead which was the latest Bandung have posted that have a lot more funtional improvement, which i am using righ now.

http://www.forexfactory.com/showthre...03#post5389603

example of monthly profile merge...
Some tip here, If u want to merge current month & the previous 2 mouth u shd select from the box merge & type after mpm 0-3. With 0 being the current mouth & counting it backwards. to merge 1-2 (see pic). To disable merge just type "x".

& press F8 to enable scalefix in your mt4 (under the common tab) u will have to resize your scale manually which fit the visuals.
http://i.imgur.com/x7rAs.gif
  • #4,800
  • Sep 17, 2012 10:31pm Sep 17, 2012 10:31pm
Quoting Evak
Have u try this version instead which was the latest Bandung have posted that have a lot more funtional improvement, which i am using righ now.

http://www.forexfactory.com/showthre...03#post5389603

example of monthly profile merge...
Some tip here, If u want to merge current month & the previous 2 mouth u shd select from the box merge & type after mpm 0-3. With 0 being the current mouth & counting it backwards. to merge 1-2 (see pic). To disable merge just type "x".

& press F8 to enable scalefix in your mt4 (under...
Hi Evak,
Thanks a lot for your answer.
But the indicator is not plotting. Here is what I get when I apply this latest version to a chart: http://screencast.com/t/XzjqEz176
I enabled the dll and changed times in indicator's settings accordingly.
My OS is XP so I think there is no problems with the other conditions.
I am just thinking about the fonts. Where do I have to store the fonts(lucida-sans-typewriter)?

Thank you very much for helping me with it.
Joao Paulo
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