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- tgwhbb replied Apr 7, 2011
my daily volume is the highest since friday...but indeed it is looking like a rejection of that old high...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
ok, so by the looks of EU, nothing really hurting the up move at the moment IMO. Today looks like a normal trend day, but without a selling tail at the top...still one-timeframing and a buying tail at the previous balance area from Monmday/Tuesday. ...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
maybe, but too early to tell IMO. I think for a P pattern, the POC needs to be closer to the top...right now it is too far to the bottom of the P. We now have a buying tail, but again, too early to say for sure. 2 scenarios IMO. 1) price moves up ...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
hmm, looks like a ton of selling around 1.43...but unable to break yesterday's VAL...maybe she just might hold up and what we're seeing is more absorption?? Time will tell, i'm still on the sidelines for now, not worth the risk...made 4% this week ...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
agreed, no buying tail, so we should go lower still....but this is EU and trichet is speaking, so who knows what can happen!
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
nice! for what it's worth, i would hold now until at least 4221...the naked POC down below...with SL set to above today's developing POC.
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
i was referring more to the indi you have in this post: url
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
to follow up on my previous comment about a drift lower...reasoning in weekly TPO chart.
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
welcome back frank! EU rate hike today to 1.25 as expected, and trichet speaking... so food for thought...everyone was expecting the EU rate hike to happen and it did...seems like a good time to trap in some weak longs before a dip down...as ...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
could you post a chart with the profiles of the 3 sessions? I currently see a non-trend profile, not apparent buying tail at the bottom, no apparent selling tail at the top...wondering what the tokyo and london profiles look like...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
stopped out 3 times at BE on my longs...i think i'll wait till trichet stops talking...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 7, 2011
that is a great idea, especially for the indi he's working on that splits out each session, that way you have session IB...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
for what it's worth, i've found stepping away from the charts for a while after a string of trades that didn't work out helps.
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
closed at 4340, price seems to be stalling...+112 for the day...that may be it for me today...
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
SL moved to 4329 under last 5M bullish engulfing bar.
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
Out of curiosity, what do you consider a good close? what time frame?
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
SL set to 4303 - just below 5M NS/test bar of NY IBH.
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
I have 4352 based on 7AM GMT session start as London is now in British summer time so 8AM London = 7AM GMT
Auction Market Theory and Market Profile
- tgwhbb replied Apr 6, 2011
thx! Just took another long at 4287, 15M shakeout bar at the london DIBL. target london DIBH at 4352.
Auction Market Theory and Market Profile