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Auction Market Theory and Market Profile

  • #4,881
  • Oct 12, 2012 9:56am Oct 12, 2012 9:56am
sidetrack for abit & looking at ES....

tight trading range today since rising from the lows of weds', with primarily a 45 slope yesterday after US fail attempt into UK late spike. The lack of RE in UK today(similar to EU) did not bring much confidence heading into NY as it seems after a mix news.

But the line in the sand was the day pullback low which was tested during the opening but yet to be breach...

http://i.imgur.com/WFIWb.gif
  • #4,882
  • Oct 12, 2012 10:33am Oct 12, 2012 10:33am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
sidetrack for abit & looking at ES....

But the line in the sand was the day pullback low which was tested during the opening but yet to be breach...
yep, saw that and got long options. at this point i switched from euphoria to agony and try to find the best exit.
lately i'm more and more interested in longer term trading than intraday, so mzvega i would really like to see some of your analysis...
  • #4,883
  • Edited 1:58pm Oct 14, 2012 1:53pm | Edited 1:58pm
Quoting s7c
yep, saw that and got long options. at this point i switched from euphoria to agony and try to find the best exit.
lately i'm more and more interested in longer term trading than intraday, so mzvega i would really like to see some of your analysis...
I too worldwide lije.


I apologize for my English, and also for the treatment EVAK user, I get confused with nicks and thought it was a man.

Steven
  • #4,884
  • Oct 14, 2012 2:25pm Oct 14, 2012 2:25pm
Where the market will go? Breaking trend, close to resistance, if breaks 1.2920 I go short

https://lh4.googleusercontent.com/-0...9i%C5%BEek.JPG
  • #4,885
  • Oct 14, 2012 7:30pm Oct 14, 2012 7:30pm
https://lh4.googleusercontent.com/-Y...9i%C5%BEek.JPG

And go for single 1.2900
  • #4,886
  • Edited 11:14pm Oct 14, 2012 10:14pm | Edited 11:14pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
after the initiative move from thursday london session, in cme we found no interest from long term traders and market auctioned around stoping the directional move. another initiative move in friday's london session with lower conviction followed by failure to extend higher in cme and with down range extension and close well below. now seems like we see the continuation of the weakness. we are in thursday excess area, a good area to watch price action...
last week was an inside week and if merged with previous weeks now we are inside of value, so in balance...
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  • #4,887
  • Oct 15, 2012 2:48am Oct 15, 2012 2:48am
Quoting s7c
after the initiative move from thursday london session, in cme we found no interest from long term traders and market auctioned around stoping the directional move. another initiative move in friday's london session with lower conviction followed by failure to extend higher in cme and with down range extension and close well below. now seems like we see the continuation of the weakness. we are in thursday excess area, a good area to watch price action...
last week was an inside week and if merged with previous weeks now we are inside of value, so...
We are still trading as an inside month, something is brewing, & if u combine the two months profile we are at the forth stage of the aunction process....
  • #4,888
  • Oct 15, 2012 2:54am Oct 15, 2012 2:54am
No time (goto go for a long meeting) just a quick grab

we have acceptance into the thurs' spike now. UK opening initiates from asia range & back into fridays range with a rather asymetrical profile. Now i guess we just watch for pull back onto VAL-1.

http://i.imgur.com/pDmEG.gif
  • #4,889
  • Oct 15, 2012 7:53am Oct 15, 2012 7:53am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
We are still trading as an inside month, something is brewing, & if u combine the two months profile we are at the forth stage of the aunction process....
yep, i am looking i think at the same thing...not exactly a bell curve but good enough or maybe we will get a better shape...
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  • #4,890
  • Oct 15, 2012 10:23am Oct 15, 2012 10:23am
"Live as if you were to die tomorrow, Learn as if you were to live forever/instead being a man of success rather be a man of value"

"The more condition you set on your trade, the more the market have to conform to you instead of you being adaptive..."

I don't want to be off base but i had to make a comment:These signatures are astounding,"to be original on the forefront of something" this is what life is supposed to be about,keep up the great work in here
To Write Sonnets On Soliloquies In A Fortress Of Solitude
  • #4,891
  • Oct 15, 2012 11:13pm Oct 15, 2012 11:13pm
After facing a mild resistance into fri-vah during UK sessoin yesterday, price rotates back down into the pull back area of fri-val during NY session E period. Price have since edge up close to a visible shorterm 2 day trend line, & back into both yest & fri VAH area...which would be a good reference moving forward in this price congestion...

http://i.imgur.com/dGa4s.gif
  • #4,892
  • Oct 15, 2012 11:32pm Oct 15, 2012 11:32pm
[quote=Pipanator;6069426]Does anyone have this indicator to share?[/QUOT

Private message me. Its my custom indicator.
  • #4,893
  • Oct 15, 2012 11:56pm Oct 15, 2012 11:56pm
hey s7c are u doing any trade for ES? Interesting here as ES have already shifted gears to trade above value in the early sessions, in an up attempt now to head for last tue spike which would be the immediate critical reference.

http://i.imgur.com/b6CJa.gif
  • #4,894
  • Oct 16, 2012 2:59am Oct 16, 2012 2:59am
Weekly merge showing potential headwind onto that selling tail. Overall we have a response onto POC of last 5 week merge moving away from balance...

http://i.imgur.com/5uwzi.gif
  • #4,895
  • Oct 16, 2012 7:15am Oct 16, 2012 7:15am
Into the weekly spike zone now, trading above the base. A potential double D. development starting from UK perspective. Overall we are back into the Friday's range of 5th Oct.

US should opens within current UK late spike & into news on CPI data release.

http://i.imgur.com/3Mv7f.gif
  • #4,896
  • Oct 16, 2012 7:52am Oct 16, 2012 7:52am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Evak
Weekly merge showing potential headwind onto that selling tail. Overall we have a response onto POC of last 5 week merge moving away from balance...
london yesterday like previous london sessions contained initiative buyers followed by a CME session which completed the 4th steps with down range extension and responsive buyers found at same place as in london. asia session respected the close impling now a pretty bullish sentiment confimed by the bar chart price action...now we got the spike and poor structure overnight.

hi evak, i trade just options on SPY, the s&p500 etf. the market is not open during london hours. thanks for the head's up, i will watch it closely...
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  • #4,897
  • Oct 17, 2012 1:45am Oct 17, 2012 1:45am
Yesterday UK late spike was accepted during US session as it opens which then fully rotates into acceptance b4 it's own late spike up. UK spike base provided the support.

Asia opens within US spike now which indicates initial acceptance with a earlier attempted up auction follows by consolidation.

UK could open above Asia value as of now if price remains above it. Price either initiates of test on asia fair level.

http://i.imgur.com/POXn5.gif

weekly merge showing the already tested HVA & potential critical Weekly spike zone on its up attempt.

http://i.imgur.com/nVHsL.gif
  • #4,898
  • Oct 17, 2012 7:56am Oct 17, 2012 7:56am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
we stand on some contradictory facts here, yesterday closed on high but living behind a poor structure. i have a gap between sessions which wasn't filled, we are near at some intermediate term supply areas.
some initiative buyers make their presence at the start of CME...
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  • #4,899
  • Oct 18, 2012 12:58am Oct 18, 2012 12:58am
Quoting s7c
we stand on some contradictory facts here, yesterday closed on high but living behind a poor structure. i have a gap between sessions which wasn't filled, we are near at some intermediate term supply areas.
some initiative buyers make their presence at the start of CME...
Overall day strucuture was uneven with very fair value very skewed overnite (with a 45 degree of weak longs) & UK's lack of conviction & ...similar to 12th Oct profile.
  • #4,900
  • Oct 18, 2012 1:05am Oct 18, 2012 1:05am
Yesterday's poor conviction was indicative of week longs with 45s & poor highs. Interesting spike during US session have seen price rotating back into it; as it bounce back above the yest VAL. Now onto the VAL for a test? There is still a gap to be filled.

http://i.imgur.com/Y38Sk.gif


Weekly showing price attempt stop out at the upper spike base as resistance, with balancing now above gap; extending the balance of the upper 4-5 weekly merge distribution.
http://i.imgur.com/XCpKz.gif
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