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Auction Market Theory and Market Profile

  • #5,601
  • Apr 29, 2014 7:44am Apr 29, 2014 7:44am
I.V > Seems possible to have good stuffs on MT4. We have to be patient. There was a lot of shit about Volume profiling by some randoms who were thinking that AMT is about time. Now, I hope coders will understand the importance of volume

Poulghman > It's strange bcs look here :

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I should have Futures EUR volume but it's pretty the same that MT4 provides.

I'm going to check RVL indicator,

thank you.
  • #5,602
  • Apr 29, 2014 8:06am Apr 29, 2014 8:06am
Quoting Beyondprice
It's strange bcs look here : {image} I should have Futures EUR volume but it's pretty the same that MT4 provides.
Yes, like it should be (from my practice). You can run clusterdelta_online or something like atas/volfix/other terminals and check those volumes against clusterdelta_volume. They should almost/completely match. I mean that its not fake volumes in clusterdelta_volume, they often looks like MT4 volumes or vice versa.
  • #5,603
  • Apr 29, 2014 8:18am Apr 29, 2014 8:18am
Quote
I now truly understand mzvega frustration on babysitting this thread because no one is willing to take the time to read/comprehend the information

Quote
​I respect your opinion but I still agree with mzvega and all her valid argument about TPO's. We don't need to go any further

Quote
​Because "HVN&LVN nodes" has nothing to do with auction process its a totally different subject. I think the senior members of this thread already beat this issue to death.


Well Jer21, I'm still waiting for you and your senior members explain me how a point of control could be the fair value if there is no volume.

You and your senior members should understand that AMT is about to determine accepted and rejected price, nothing esle, right "senior-members-guru"?


"​Because "HVN&LVN nodes" has nothing to do with auction process its a totally different subject."


Ahahah. Well if you guys want to learn more about Profile-trading, you should be careful with this thread.
  • #5,604
  • Apr 29, 2014 8:21am Apr 29, 2014 8:21am
Quoting Ploughman
{quote} Yes, like it should be (from my practice). You can run clusterdelta_online or something like atas/volfix/other terminals and check those volumes against clusterdelta_volume. They should almost/completely match. I mean that its not fake volumes in clusterdelta_volume, they often looks like MT4 volumes or vice versa.
Ok, thx.
  • #5,605
  • Apr 29, 2014 8:26am Apr 29, 2014 8:26am
Quoting dxxk
{quote} hello, 121a ok!!!GBP/USD {image}

Does someone know where I could get this indicator please?

Thank you a lot.
  • #5,606
  • Apr 29, 2014 8:27am Apr 29, 2014 8:27am
http://www.forexfactory.com/showthre...71#post7268771

This indicator.
  • #5,607
  • Apr 29, 2014 8:51am Apr 29, 2014 8:51am
Quoting Beyondprice
{quo{quote} "​Because "HVN&LVN nodes" has nothing to do with auction process its a totally different subject."
Ok. sure, that came out wrong and shot my self in the foot when I said that. I was referring to your 100 day composites that has nothing to do with current auction process. Past hwl/lvn has no bearing where market is going to go next besides maybe pause reaction. 3/5/15/20 day brackets has more value where the market is likely to go than your 100 day vp. Please be free to take over the thread.
  • #5,608
  • Apr 29, 2014 9:23am Apr 29, 2014 9:23am
Quote
I was referring to your 100 day composites that has nothing to do with current auction process. Past hwl/lvn has no bearing where market is going to go next besides maybe pause reaction

So cute. Perception of the value depends of your profile trader and your objective with the trade.

If you are HTF-trader you don't need to know what is the point of control of the week or even the day. If you are planning to take a swing (2-5 days), you'd like maybe to know what is the value's perception of the last past 100 days, 200 days, or even 300 days.

You're saying bullshits. What is "current auction process" for a long-term trader, medium-term, short tem, swinger, daytrader, scalper, HTF?

It depends on your strategy and what you are looking for. Auction process isn't about timeframe. For exemple, I know that EU is above its historical value (which is around 1.31) BUT It doesn't matter when I buy EU because of timeframe.

I can buy EU above its historical value when I'm daytrading. However the Long-term trader will wait a price below this value if its strategy is about buying cheap and selling expensive.

So, there isn't "current auction process". Just many timeframes.


Quote
Past hwl/lvn has no bearing where market is going to go next besides maybe pause reaction

AHAHAH

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Quote
"
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Please be free to take over the thread."

I'm still waiting for yours no-brain-senior-members explain me how it's possible to consider a POC like fair value if there is no volume.

Is "mzverga" your guru? (please say no).
  • #5,609
  • Apr 29, 2014 9:31am Apr 29, 2014 9:31am
All this discussions are absolutely misleading for the most of the readers. Personally I spent years to study and understand such things: thousand of written pages, hundreds od seminars, tens of thousand of hours of market practice are definitely not summarized in a single thread. If someone want to suggest some source to study is welcome, but please do not treat such serious topics as a bar issue.
Ubi maior minor cessat
  • #5,610
  • Edited 10:15am Apr 29, 2014 9:40am | Edited 10:15am
You shouldn't listen jer21 or his senior-members. They don't understand what TPO-charts are supposed to show.

Trading is all about identifying price accepted/rejected area, Auction market theory shows how price "behaves" on those areas.

Auction Market Theory/ =/= Market Profile.

You could use AMT for your trading without using VP or MP. Anyway, TPO means for trading because "time = volume" often.

Not always but often. That's why it's important because when you are looking a chart you can determine where HIGH VOLUME AREA are ( PRICE ACCEPETED AREA) without volume indicator.

Indeed, bcs when a price is neutralized (dosent move), it means that sellers nd buyers agree on the value. It means that SELLERS sell and BUYERS buy. A lot of volume is making.

BUT

As you can see, it's not always true. During a morning session (asia) EU doesnt move and there is NO VOLUME (or very poor). So, you will see a FAKE-POC on your MP chart but on your VOLUME PROFILE chart, you will see a better POC. Not perfect because FX spot is decentralised.

So, when you're reading sth like
Quote
I still agree with mzvega and all her valid argument about TPO's. We don't need to go any further

you have to laugh. Because if you don't, you don't understand how it's stupid, therefore you don't understand AMT.

Quote
​I was referring to your 100 day composites that has nothing to do with current auction process

Same here.
  • #5,611
  • Apr 29, 2014 9:41am Apr 29, 2014 9:41am
I've to say that it's hard to make my point in English
  • #5,612
  • Apr 29, 2014 10:34am Apr 29, 2014 10:34am
Quoting Jer21
{quote} Ok. sure, that came out wrong and shot my self in the foot when I said that. I was referring to your 100 day composites that has nothing to do with current auction process. Past hwl/lvn has no bearing where market is going to go next besides maybe pause reaction. 3/5/15/20 day brackets has more value where the market is likely to go than your 100 day vp. Please be free to take over the thread.

3, 5, 15, 20 - are that not some arbitrary numbers, too?

I can understand the logic of starting points, such like start of week, start of month, or the daily roll for example, because at this point of times institutional investors may position anew

That is one of the biggest issues one can have when dealing with AMT or MP - where is the starting point? And that is the question, that neither the fathers of AMT and MP, nor some "seniors" of this thread have ever addressed in an acceptable way
  • #5,613
  • Apr 29, 2014 10:36am Apr 29, 2014 10:36am
Quoting Beyondprice
{quote} So cute. Perception of the value depends of your profile trader and your objective with the trade. If you are HTF-trader you don't need to know what is the point of control of the week or even the day. If you are planning to take a swing (2-5 days), you'd like maybe to know what is the value's perception of the last past 100 days, 200 days, or even 300 days. You're saying bullshits. What is "current auction process" for a long-term trader, medium-term, short tem, swinger, daytrader, scalper, HTF? It depends on your strategy and what you...
can not agree more
  • #5,614
  • Apr 29, 2014 10:40am Apr 29, 2014 10:40am
Quoting Beyondprice
I've to say that it's hard to make my point in English
it was perfectly explained


but some people in this thread do not see the forest for the trees
  • #5,615
  • Apr 29, 2014 12:31pm Apr 29, 2014 12:31pm
Quote
And that is the question, that neither the fathers of AMT and MP, nor some "seniors" of this thread have ever addressed in an acceptable way

No, no! Even Steidlmayer says that Volume profile is better than TPO profile.

http://www.cmegroup.com/education/st...ips-video.html

Actually, there are just some no-brain-senors-members who do not understand what is auction market theory and who do not agree with us.
  • #5,616
  • Apr 29, 2014 12:41pm Apr 29, 2014 12:41pm
Look, I am interested in this topic too, but can we PLEASE stop the name calling and angry posts? This does not help. I would like to find and use anything that truly helps me trade better and make money (because I'm not making much now). Like where to find this Cluster_VP? I search Google and did not find it (except mentioned here!). Thanks.
  • #5,617
  • Apr 29, 2014 12:47pm Apr 29, 2014 12:47pm
Ok, I regret to interrupt all the discussion here but please let me say a thing about the hypothesis of splitting this thread.

About teaching we got different schools and different trading techniques:Steidlmayer, J. Dalton, Raschke, Jones, Alexander, etc.... Even some of them used to have a hybrid approaches. So if we got a splitted pure theory thread we will have the same different points of view that we currently have now.

The real problem here is the level of knowledge of the thread partecipants. One trader may say "Dalton", an other one could say "Steidlmayer", but how much of those masters' teachings is currently part of those traders' behaviors? Someone here read a Steidlmayer's book and suddenly proclaims himself a Steidlmayer follower and fellow. An other one took a look to some Dalton webinar and immediately became a "Dalton style" trader. For what I read in this thread, most of the writers here have no idea at all of those masters complex ideas and theories.
So the problem remains at the level of honesty. A trader with a "little" experience should not fill the space of this possible future thread with copy/past stuff. And this in his own economic interest.
Ubi maior minor cessat
  • #5,618
  • Apr 29, 2014 1:00pm Apr 29, 2014 1:00pm
I don't know what thinking about profiling CME's data.

It makes sens to use centralized's information but I don't get same levels at all sometimes. I'm going to trade with both VP next weeks in order to make a choice.

I'd say that I keep FXCM data but who knows...


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  • #5,619
  • Apr 29, 2014 1:09pm Apr 29, 2014 1:09pm
I've to say that Cluster_VP is really good. Russians guys do good things for retail trading as always.

There are many TPO-profiles. It's enough.

About VP, 2 things :

1) CME's data is tradable. We can use it for spot. If it's the case, Cluster_Delta is perfect.

2) CME's data isn't good enough for Fx spot. It'll be more complicated bcs have to choose a data provider. Sierra Chart and Ninja Trader provide FXCM's data for FX. A solution would be to provide FXCM's data like Cluster provides CME's data.


Now, I have exactly same tools on MT4 and TS2. I've just to check about pertinence of CME's data with my strategy.
  • #5,620
  • Apr 29, 2014 1:25pm Apr 29, 2014 1:25pm
Quoting Beyondprice
http://www.forexfactory.com/showthre...71#post7268771 This indicator.
Hello
here:
http://www.forexfactory.com/showthre...95#post6438695

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