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Auction Market Theory and Market Profile

  • #4,801
  • Sep 17, 2012 10:38pm Sep 17, 2012 10:38pm
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...
Evak, me again.
I just installed the fonts in the C:/Windows/fonts but even so, nothing changed. So, I think I am missing something yet.

Sorry to disturb you with this.
Joao Paulo
  • #4,802
  • Sep 17, 2012 11:02pm Sep 17, 2012 11:02pm
Quoting joaoborras
Evak, me again.
I just installed the fonts in the C:/Windows/fonts but even so, nothing changed. So, I think I am missing something yet.

Sorry to disturb you with this.
Joao Paulo
XP should not be an issue, maybe u have not install this yet:
http://www.microsoft.com/en-sg/downl...s.aspx?id=5555

To the best of my knowledge as long as u have the above & all the dll in place it shd be splendid...else i would be in the dark too.
  • #4,803
  • Sep 17, 2012 11:33pm Sep 17, 2012 11:33pm
Quoting Evak
XP should not be an issue, maybe u have not install this yet:
http://www.microsoft.com/en-sg/downl...s.aspx?id=5555

To the best of my knowledge as long as u have the above & all the dll in place it shd be splendid...else i would be in the dark too.
Hi Evak.
Yes, I just installed this one and it is working now. It is really great!
Thanks a lot and, again, sorry to take your time with it!

Joao Paulo
  • #4,804
  • Sep 17, 2012 11:40pm Sep 17, 2012 11:40pm
Yesterday's range trading within fridays NY range which see response activities on both side of the ledge. The NY response see the early up auction stop in it's track with a double top, with liquidation down into a b formation (viewing from c period onwards). Any reponse on the lower edge shd be seen as a rotation back up (in reponse to NY's b formation at least) but a break below the range would provide an elongation perhaps down to 1.3000. Trade the range and/or trade the breaks...

http://i.imgur.com/a4sx3.gif
  • #4,805
  • Sep 18, 2012 12:40am Sep 18, 2012 12:40am
Quoting Evak
XP should not be an issue, maybe u have not install this yet:
http://www.microsoft.com/en-sg/downl...s.aspx?id=5555

To the best of my knowledge as long as u have the above & all the dll in place it shd be splendid...else i would be in the dark too.
Evak, again, me...
Now it is about the indicator use.
How can I unmerge profiles? For example, if I merge 1-5, how can I bring it back to original?
Also, if I split by sessions or period, how to undo it?
I made a split by sessions and don't know how to put it together again.
Here is a snap shot on it: http://screencast.com/t/T1AoG2QMw

Thanks!
Joao Paulo
  • #4,806
  • Sep 18, 2012 8:25am Sep 18, 2012 8:25am
Select " Select By Sessions" from the Cute box and type "X" in the next Box and Press Enter! All done!

"X" will restore the Profiles

Regards

Santosh


Quoting joaoborras
Evak, again, me...
Now it is about the indicator use.
How can I unmerge profiles? For example, if I merge 1-5, how can I bring it back to original?
Also, if I split by sessions or period, how to undo it?
I made a split by sessions and don't know how to put it together again.
Here is a snap shot on it: http://screencast.com/t/T1AoG2QMw

Thanks!
Joao Paulo
If it was easy, everyone would do it.
  • #4,807
  • Sep 19, 2012 7:42am Sep 19, 2012 7:42am
Quoting joaoborras
Evak, again, me...
Now it is about the indicator use.
How can I unmerge profiles? For example, if I merge 1-5, how can I bring it back to original?
Also, if I split by sessions or period, how to undo it?
I made a split by sessions and don't know how to put it together again.
Here is a snap shot on it: http://screencast.com/t/T1AoG2QMw

Thanks!
Joao Paulo
I have mentioned it it previously but anyway...u enter "x" to unmerge your merge or whatever you choose in the drop down list. Nice to hear it works for u now.
  • #4,808
  • Sep 19, 2012 7:49am Sep 19, 2012 7:49am
Quoting Evak
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...
Weekly: After the failed attempted direction to probe last week high, price have now filled most of the anomalies down to 1.3000 which is the immediate destination for this price discovery process. Assuming of coz value & price remains within the previous elongated spike. We should see furthur concensus as value continue to built.

http://i.imgur.com/9YMw1.gif
  • #4,809
  • Sep 19, 2012 7:55am Sep 19, 2012 7:55am
Quoting Evak
I have mentioned it it previously but anyway...u enter "x" to unmerge your merge or whatever you choose in the drop down list. Nice to hear it works for u now.
Evak,
Thanks a lot and, again, sorry for not had seen it in other posts!

Cheers!
Joao Paulo
  • #4,810
  • Sep 19, 2012 9:36am Sep 19, 2012 9:36am
On the daytimeframe, we have a a reponse just prior to US open which was then follow by an open test drive occuring within the 1st 15mins from the start of CST 7:30 which see price driven up rather rapidly. UK nonsymetrical profile provides an asymmetric opportunity here. Value is buiding up unchange relative to UK now & trading within it. The immediate reference would be towards the UK high or alternatively towards its overnite high perhaps. POC is edging higher as of now...

http://i.imgur.com/LuRak.gif
  • #4,811
  • Sep 19, 2012 7:35pm Sep 19, 2012 7:35pm
Quoting santoshdts
Select " Select By Sessions" from the Cute box and type "X" in the next Box and Press Enter! All done!

"X" will restore the Profiles

Regards

Santosh
Hi Santosh,
Thank you very much for your help! I appreciate it.
Now everything is working really fine! :-)

Cheers!
  • #4,812
  • Edited 11:05pm Sep 19, 2012 10:45pm | Edited 11:05pm
Daytimeframe: The P formation suggest some some sort of short covering during US session yesterday with price hesitation as it approaches the UK high (which was an immediate reference) with a poor high & profile eventual fattening at the top.
US minus development is now being revisited, with price now diving into the spike. Since price have already violated the US pullback low (inventory adjust during afternoon US). Next would be to see any acceptance down into this initiatives spike with the base as critical support. or around 1.3000.

Session profile:
http://i.imgur.com/viRXu.gif

Values are pretty much unchange as of yesterday & for now with price moving away from value as we speak. indicating ealy demand perhaps.
http://i.imgur.com/zWbht.gif
  • #4,813
  • Sep 20, 2012 3:23am Sep 20, 2012 3:23am
Weekly with 1300 not providing the support the rest was up to the weekly spike base which for now provide a response off it perhaps trading back to value which would bring it back up over 1.3000. All anomalies have been furfill.
http://i.imgur.com/4Exoz.gif


Asia session indicates an overly short inventory & with it's elongation-it provide another asymetric opportuinity for a trade back up above the low of Asia. Immediate reference would be rotation back up to Asia high...
http://i.imgur.com/18Ped.gif
  • #4,814
  • Sep 20, 2012 6:09am Sep 20, 2012 6:09am
Quoting Evak
Weekly: After the failed attempted direction to probe last week high, price have now filled most of the anomalies down to 1.3000 which is the immediate destination for this price discovery process. Assuming of coz value & price remains within the previous elongated spike. We should see furthur concensus as value continue to built.

http://i.imgur.com/9YMw1.gif
hi bro..
currently eu back to last week Thu's range, same day as today.
we're on last week spike base.
so quite here.. where is Claudia ?
Attached Image (click to enlarge)
Click to Enlarge Name: eu-20120920-wp.png Size: 40 KB
...
  • #4,815
  • Sep 20, 2012 7:07am Sep 20, 2012 7:07am
Quoting bandung
hi bro..
currently eu back to last week Thu's range, same day as today.
we're on last week spike base.
so quite here.. where is Claudia ?
Hi Bandung,

The 4 period Ledge indicated should be the correct spike base. Which is the Auction point just prior to the spike. My previous indication was all over the place... :S
If we head for POC which should not be the case since we have move into new business zone namely the spike. Else it would it could mean that we are still back into last week control. Claudia would have advise we look for a lower reference namely previous week high....But current week developing profile suggest odds of price returning to concensus soon since price is moving way ahead of it's value.

http://i.imgur.com/eRCxp.gif

I notice that UK was probing another reference low which is the low of lst friday which i did not think was critical then but but still a logical reference.
  • #4,816
  • Edited 11:49am Sep 20, 2012 9:26am | Edited 11:49am
Hi,
EU Weekly, the price seems to be testing last weeks POC, as the structure seems to be corrected fro the last weeks sessions, If this reference is violated we may be heading down to earlier weeks VAH above which we see some anomalies.

PS: Todays Daily profile looks like "b" shaped profile, seems like sort of Longs Liquidated..
Attached Image (click to enlarge)
Click to Enlarge Name: euW.png Size: 37 KB
If it was easy, everyone would do it.
  • #4,817
  • Sep 20, 2012 11:13pm Sep 20, 2012 11:13pm
Quoting santoshdts
Hi,
EU Weekly, the price seems to be testing last weeks POC, as the structure seems to be corrected fro the last weeks sessions, If this reference is violated we may be heading down to earlier weeks VAH above which we see some anomalies.

PS: Todays Daily profile looks like "b" shaped profile, seems like sort of Longs Liquidated..
10 pipis short of making onto the POC but still you can view it as an excess off the spike base ledge instead...

I try to blow it up abit here using 5pip row height to illustrate this case..
http://i.imgur.com/0TstE.gif
  • #4,818
  • Sep 20, 2012 11:27pm Sep 20, 2012 11:27pm
daily profile indicates a b shape formation as mentioned by santosh. This would mean that the odds of price reverting back to where it started is high.

Yesterdays US session have a fail RE just as when NY pit opens, one hour after the CME FXpit), as can be seen during the C & D period. The US profile ended up higher but did not tailoff to its mean but instead there was furthur auctioning above the value as can bee seen here as a ledge...it looks like longs is holding on to the gains (not sure yet of higher timeframers involvement in this with seemingly lack of momentum during NY trade.)

as of now price have reverted back to UK high. Next would be back to 1.3000 & eventually to where it started...

http://i.imgur.com/R4TDR.gif
  • #4,819
  • Sep 20, 2012 11:58pm Sep 20, 2012 11:58pm
Quoting bandung
hi bro..
currently eu back to last week Thu's range, same day as today.
we're on last week spike base.
so quite here.. where is Claudia ?
Ive been lurking around...........got tired of being the receptionist working the MP "Help Desk". Got sick of wasting my time helping numerous people with indicators, in hopes that maybe just one person might actually post a chart & contribute to the thread......... Its great to see a few of the regular poster's again!

Welcome back Evak....you were greatly missed in your absence!
Markets are not efficient, rather they are effective - Jones
  • #4,820
  • Edited 12:08am Sep 21, 2012 12:03am | Edited 12:08am
From a longer term perspective, and a little top down analysis, I still have somewhat of a Bearish Bias. Relative to where we are on the yearly, value & poc has migrated lower than previous year. We opened & tried to test previous years val low which was rejected (open-rejection-reverse) We had no RE to the upside, imo suggesting longer tf participants had no intention of driving prices higher this year. We drove through the other side of the IB, where we had 1.5x RE, suggesting a return inside the IB. This weeks WIB high 1.3170 Is also this years poc. We tested this 1.3170 & it was rejected. Which leads me to ask "who's in control?" poc where most trades have taken place this year, its been a down year, imo that ypoc contains more LTF sellers than buyers. If price exceeds the ypoc & WIBH, those longer tf participants (sellers) would be underwater. If LTF buyers have come in & outweighed the sellers I would think the ypoc would have shifted to the lower part of the range. It leads me to believe that the traders that came in at ypoc (sellers) are still in control.

The Quarterly has been otf down poc & value lower, Which gave me a bearish bias, Bila had asked my opinion if I thought we'd test the double distribution area of the prior quarter, I thought it highly unlikely, but here we are. That DD was and still is in confluence with the yearly open (1.2928). I took the quick point of view, that a return to the yopen would suggest for the ytf, all gains for the year would be erased. My bad for not looking at the yearly profile, because the ypoc where those sellers stepped in was 1.3117 (ypoc & this wibh). Making the yearly open a logical test for those LTF sellers to still exit the trade with profit, or consider adding to their position.
Attached Image (click to enlarge)
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Markets are not efficient, rather they are effective - Jones
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