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- tgwhbb replied Feb 1, 2011
hmm, 3940 not so far off now...
Today's POC looks like it will stay at 3720 as per previous posts. Today's profile distribution looks a lot like last Friday's (inverse of course), and since EU will very likely close near the 3830 area, the theory ...Auction Market Theory and Market Profile
- tgwhbb replied Feb 1, 2011
excellent trade. i was long on both bounces before that volume came in, first time stopped at BE, 2nd time stopped at +16, third time i saw the volume and didn't react to it as was waiting for a test, which never came... 15M chart starting to close ...
vsa with Malcolm
- tgwhbb replied Feb 1, 2011
range filled — EU filled its range to the pip! what a horrible day, managed 16 measly pips from that move...quite disappointing. now have to wait for next long entry around 3770-3740 if the setup is right.
vsa with Malcolm
- tgwhbb replied Feb 1, 2011
maybe but the M15 can't seem to close above 3790, and the M5 showing a ND followed by a small UT
vsa with Malcolm
- tgwhbb replied Feb 1, 2011
i have 1.37195 using the start of the day GMT
Auction Market Theory and Market Profile
- tgwhbb replied Feb 1, 2011
stopping volume confirmed with an upbar. Hopefully it will come back down for a test so i can get in long

vsa with Malcolm
- tgwhbb replied Feb 1, 2011
hmmm maybe today's developing POC is enough to hold EU...selling climax, followed by stopping volume. If this bar closes up we may not reach yesterday's POC...waiting and watching for a test in the 3735 area.
Auction Market Theory and Market Profile
- tgwhbb replied Feb 1, 2011
i took it and got stopped out for +16 on the break of the ND on the M5. Now looking to buy at 3700-3690 (yesterday's virgin POC) if the VSA setup is there.
Auction Market Theory and Market Profile
- tgwhbb replied Feb 1, 2011
Along those lines, on my daily chart i have a virgin monthly POC from October at 1.3940 (unfortunately my indy does not show the value area on the daily chart). Probably a longer term play, but one would expect price to go there given the current ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 31, 2011
anomaly? — Did anyone else get a spike like this at 21:35 GMT? This is eSignal feed. My broker feed is quite different and has no spike at all.
vsa with Malcolm
- tgwhbb replied Jan 31, 2011
eu thoughts — Quite the day today on EU... I'm curious about people's thoughts...it currently looks like Friday was a decent shakeout - thanks in no part to the news from Egypt. Yet EU failed again today at 3740 with a fairly high UT on the ...
vsa with Malcolm
- tgwhbb replied Jan 30, 2011
hmm, curious to see your chart showing the balance area for Friday as higher than thursday, because when i look at the value areas on my H1 chart for EU, i see a balance point of 1.3700 for Friday and BP of 1.3725 for Thursday. Which means the trend ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 29, 2011
I noticed in some videos on balancetrader.com that NinjaTrader allows you to merge days. On MT4, the 4 hour chart does a nice job of showing "merged" days as it creates market profile for what looks like 1 week worth of market data. But indeed it ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 29, 2011
If you look at the profile of EU on a 4H chart, you'll see that area around 3460 is the last longer term balance area. One principal of AMT (or market profile) is that once price breaks out of a balance area it will tend to come back and test that ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 29, 2011
Hi HG, you're profile chart on the left indicates a BA of 3702, which is what i have in my profile as well. On the chart on the right, your BA line is lower at around 3692. It's only 10 pips, but why the difference? it looks like the edge of the ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 28, 2011
i would agree. The amount of time price balances in an area determines its importance - or put another way, the strength of support/resistance it will represent. This is apparent with overlapping value areas. I'm not sure it determines the ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 28, 2011
sell limit was not triggered as i was too aggressive i guess. 3640 would have been a better place to put the limit order. too bad as the 3590 target was hit (3593 to be exact). My planning is definitely getting better. time to work on execution now. ...
vsa with Malcolm
- tgwhbb replied Jan 28, 2011
balance point — EU is now back into Tuesday's value area and stopped right at the balance point for the LO/NY session on that day. I think we now need to watch the balance point for hte same day in the asia session and see if that gets ...
Auction Market Theory and Market Profile
- tgwhbb replied Jan 28, 2011
London fix looming. we may get a bounce soon and another chance to get in short for those who missed it like me...damn job!
On the plus side, my theory earlier today is starting to play out. Let's see if the London close brings us back to 3655 ...vsa with Malcolm