Auction Market Theory and Market Profile

Price spring back up with an opening test reject onto yest UK low. Essentially current session reaction is a rotation, from yest's VAL to VAH. Interesting though as it seems for now the previous rally high ( which is also yest VAL) level seems to be in control since yesterday.

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

Mainly inside rotational day trading yesterday with range contracting throughout with value area contracting to is lowest of 3 weeks, essentially in anticipation of critical news this week.

Price initiates since Asia today ended with a late spike. UK open within spikes suggest an initial acceptance of asia spikes but caveat here is the proximity to tuesday tail resistance at the ledge which see initial fail up auction..for now.

So overall, how will current UK balance holds above the asia spike & will a trend day materilize today given what we have was a very narrow VA yesterday?
http://i.imgur.com/GypHf.gif

Does anyone have this indicator to share?

Hi s7c,

I recall that you mentioned finding the reversion of price after acceptance below the weekly low very odd during monday asia session..perhaps the follow chart may help to answer some of your doubts...

spike was created on the UK "c" period.
http://i.imgur.com/xERmt.gif

Price holds above asia spike & look above to test the tuesday tail during UK which also created a late spike prior to US open, which coincides with tuesday's.
US opens within UK spike which means acceptance of the overnite rally & continues. Price naturally met its initial resistance at 1.3000.

Overall a trend day since Asia open, EU is now trading into 21st of Sept range with price now hitting resistance at the naked VAH of 21st.

http://i.imgur.com/cT07q.gif

hi, i was aware of that previous areas where buyers found the price fair. that's one area of three, if i'm not mistaking...but i saw that as short term buyers, as i said and nothing maked me to change my view, considering that after mark up we stayed in ~100pips range till today.
today i had 2 long trades, first one after CME open when i saw initiative buying, on higher vol implying a potential 3I session. closed for a small loss; second after a test of the break, i close it manualy at breakeven after i saw the up range extension fails and we already failed to continue OTF up so the 3I day view was not longer valid.
anyway, i like your ability of choosing which of the fact matters...lately i saw i need to work at my confirmation idea and at my limit/stop views as well. for that i'm looking forward to integrate concepts from options trading, thinking more in probability and accept randomness more then i do in present...regarding this if you have time you can log on www.tastytrade.com and watch tom sosnoff and his team. i found this a good educational place, in a pleasant funny way.

Still is a 3i day to me. Usually this leads to furthur balance (as of now) with the previous day VAH being the immediate rip level reference & also not forgeting 1.3000. So if you are already in since USopen, then is free exposure day for u.

http://i.imgur.com/n6UGT.gif


Weekly reference would be the naked POC & subsequently the VAH of that previous week. Test of the VAH would see the odds of price acceptance here going forward into next week.

http://i.imgur.com/Uq1zY.gif

UK tight balance was expect ahead of the news but there is a hint of control at 1.3000 as seen in UK's A & D period. And during CME open there was a another spring off 1.3000 just prior to NFP. The lows of UK was never threaten.

Price is now onto the Weekly POC, inititial resistance expected here, next to wkly VAH....

http://i.imgur.com/iaPu5.gif

i missed the boat. considering overnight poor low and NFP news i looked for a buying tail(shake out), i didn't found a place to enter after with a good R/R. i would have enter long option in FXE but pit didn't open yet at the time...

Friday NY afternoon session pullbacks was all but taken out suggest valuation unchange ralative to last thurs day wider range that needs repair. Price mainly initiates from opening today for both earlier session today Potentially we have 2 naked reference namely the thur POC & VAL. NY session low would be the immedaite reference.

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

Hola evak, I have followed this thread and I would like your help on this indicator, please let me know if you can send it to me by e-mail : [email protected]; or tell me where I can download it, thanks

Steven

Repairs continues into thur's range: Asia session correction to yesterdays' dip was towards the rip level of Wed/Thurs VAH, b4 current UK liquidation into thur VAL. Last Wed's POC would be the next immediate target that could set up the climax for the current liquidation?

http://i.imgur.com/fQkX8.gif

Weekly indicates price initiates from top of lastwk range, filling up the LUA & have just sprung off the POC. Looks like a likely insideweek developement for the rest of the week?

http://i.imgur.com/osB9e.gif

the CME open doesn't bring much light in playing the london spike...could get responsive on W

Looks like it is caught btween a rock & a hard place. The Asia session volume was relatively healthy today. We have a balance, With UK's neutral & late spike. US test onto the spike base provide a good trade opportuinity with previous uk spike as immediate reference.

As still rotating within UK spike; the previous UK spike would be my main line in the sand as initial up auction did not look any furthur there ....yet. Overall today is more of an asymetric move to correct yesterday's US.

http://i.imgur.com/E8SlQ.gif

yes i took that trade, i'm out now seems like we gonna rotate in HVA for now...

Late spike down on US yesterday. Asia opening within it & rotate prior to fail attempted down which created a tail on excess to yesterday's low to an eventual balance within US spike. Volume during Asia was also relatively higher today.

UK opening into balance with a opening test. Immediate reference now would be US fair, next would to Tue UK spike?

Overal UK opening test onto Yesterday VAL with potential to rotate back up.

http://i.imgur.com/8rsJg.gif

Price have traded above the tue's UK spike, CME opens initiates from previous resistance & now a support of the spike base. Now will see how well it holds here towards Tues POC? Volume though is rather subdue heading back into tueday's range.


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

Asia session continues to balance from where NY left off with an interim support coming from NY pullback low of yesterday's overall trendmove. UK could open above value either with an opening test onto asia fair or initiates away from it? Downside reference would be the pullback low if voilated which could see rotation to the downside towards yesterday spike base &/or yest VAL.

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

Approaching PPI news release..UK opening test onto asia POC saw a marginal 3i day formation trade. Odds of price continue to initiates furthur could be high here prior to US open. 1.3000 is the most likely immediate target & a trade back into last friday range will be next.

http://i.imgur.com/xNU64.gif