SL update on ES trades just below D period. Break of that period stops one timeframing up on the short term. poor high so far, and poor high for last 3 NY sessions. Could be warning of a test of the breakout soon. similarly, closed EU trade. top ...

Auction Market Theory and Market Profile

and even if you did classify it as a 3i day, all that tells you is that you have some comfort holding overnight and until the next session's IB as the PROBABILITY that the following session opens in or above value is greater. On the next London ...

Auction Market Theory and Market Profile

and my ES trades Lower entry was actually made early yesterday in NY (red) C period pullback after previous swing high tested in sunday overnight. higher entry made on break of A period high today. target as indicated above which is the quarterly ...

Auction Market Theory and Market Profile

3373? I haven't looked that high...maybe I should have notice how the 161% FIB from the previous range is about the same place as the ledge on my merge profile. I've place my TP just short of that. Entry was on C period pullback as I had closed ...

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nice call on holding the trade. next upside target should be around 1.33 area, the next ledge above the LUA. EDIT: maybe premature, EU still below longer term VAH around 1.3220.

Auction Market Theory and Market Profile

Target hit. now waiting to see if we get initiative or responsive action here.

Auction Market Theory and Market Profile

based on yesterday's 3I day, went long just a moment ago on EU as it re-entered London VA. Target as shown, top of larger value (8 week merge)

Auction Market Theory and Market Profile

the short answer to what is a 3i day...initiative, initiative, initiative. Basically, a one-direction day that see initiative action from the start, with initiative action continuing and producing initiative range extension for the day. The result ...

Auction Market Theory and Market Profile

i think you are right. that area is last week's VAH, and also just shy of the VAH for the DEC-JAN value that EU is currently building. Today saw a bounce on DEC-JAN control. as mentioned in earlier post, range bound between these levels until ...

Auction Market Theory and Market Profile

nice merge, here it is broken down somewhat. from right to left: February developing profile, Dec-Jan merge, Sept-Nov merge. As Aztrader pointed out, it looks like EU trying to fill the LUA. However, EU range bound between last 2 months control and ...

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hmm, but ES has not come into balance yet as it has not stopped one timeframing up. It has stalled at the weekly DIBH as is to be expected, but is still OTF up and now has a poor high. Since the break out there has been an almost equal continuation ...

Auction Market Theory and Market Profile

yeah, my broker gap is shown here, 7 point gap.

Auction Market Theory and Market Profile

Hi Claudia! my interpretation of LLB is the closing of existing longs - as you mention, old business. LLB is the 1st step in a reversal - IF a reversal is to transpire. It does not imply a reversal will occur however. In fact, my interpretation, if ...

Auction Market Theory and Market Profile

not much in the way of ES now up until 1360 area (last summer's high). I'll have to split some quarterly profiles this weekend to get a clearer view of things, but value in ES appears to move on 30 point steps, so the upside of this breakout from ...

Auction Market Theory and Market Profile

closed at today's VAH. not really wanting to hold overnight at this level until breakout is confirmed. It begs the question though, IF tuesday's drop cleared the weak longs, and yet price still couldn't extend upwards after yesterday's breakout, ...

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yeah, but got stopped out a BE as I wasn't watching the chart at 1325 and didn't get out at the failure of yesterday's high. back in long at failure of the low.

Auction Market Theory and Market Profile

ES looks to be targeting 1325-1330. 1325 is yesterday's poor high. If price does not push through I will likely close the longs. notice how weekly IBH was resistance on Tuesday NY session, and is now support, to the pip on pre-NY test. Evak - test ...

Auction Market Theory and Market Profile

looks to me like EU simply filling in the lower part of this current VA created with the spike up in yesterday's UK session. The base of the spike is current weekly VAL and held, so target would be 3150-3170 range. 3150 is median of current up move ...

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Do you mean higher low? that would act as support

Auction Market Theory and Market Profile

thoughts on LLB — on ES, Tuesday was a LLB, the 2nd LLB in a week (first being last Thursday which created the excess high). Here are my thoughts, curious on your opinions. Today's open above yesterday's NY high, above current week VAH, and ...

Auction Market Theory and Market Profile