1) The Market Profile The seeds of value theory were sown by an unlikely event in practical market analysis. In 1985. J. Peter Steidlmayer, a well known member of the Chicago Board of Trade, revealed that his trading basis was value, not price. But ...

Auction Market Value Theory & Analytics

Appendix 1. Discoveries The Three Major Auction Market Discoveries of Auction Market Value Theory Donald L. Jones November 22, 2005 CISCO Futures Three discoveries form the foundation for practical auction market theory and practice. These are 1) ...

Auction Market Value Theory & Analytics

Much of market econonomics has developed from defining general truths or 'authority' and then continuing to build from there. It is hard to argue with a general truth, as the behavioral economists have found. Starting from scratch with the data, and ...

Auction Market Value Theory & Analytics

A difficulty not present in the physical sciences is that auction market data has a strong psychological component. Price varies with the trader's perceptions. Those perceptions are reflected in the market feedback; volume, the tick flow or other ...

Auction Market Value Theory & Analytics

Auction theory has the modest goal of understanding a market on the basis of it's behavior. Since auction theory does not predict future behavior, it is easy to question the theory's utility. One answer lies in the Practices. With a proper theory, ...

Auction Market Value Theory & Analytics

Discussion Table 1. is not necessarily the final word on the basics of auction markets. The scientific, observational/empirical approach recognizes that there is usually more to be learned and future work can advance the state of knowledge. Auction ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 10. Trends and balances are defined within the context of particular time frames Markets display a limited fractal nature. Self similarity is seen intra-day and day to multiple days. In the futures data we use, the self ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 7. Markets display a run, pause, run, pause price pattern Run, pause price patterns are observed. This will be demonstrated in the section on profiles. The run, pause pattern is most likely a look into the decision process ...

Auction Market Value Theory & Analytics

No problem, thanks for posting. I may not trade MP, but I have a love of all things AMVT related.

Auction Market Value Theory & Analytics

It’s the same concept found page 117 steidelmayer on Markets. It’s about the best detailed info I’ve come across on the subject…………. The colorful chart you posted is the same concept as found in the book example, the old version is depicted in your ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 6. The central 70% of market activity measures value (value area) Steidlmayer defined the value area as +/- the first standard deviation of a market profile which is itself defined as a gaussian curve ; hence the 70 percent ...

Auction Market Value Theory & Analytics

Let’s see, my best trades are breaks of distribution into trend from the "major" auction. MP & AMVT uses a 70% VA in the intraday tf. (minor Auction). For the Major Auction AMVT uses the actual distributions (count) of tpo’s to determine one auction ...

Auction Market Value Theory & Analytics

I trade Auction Market Value Theory as it applies to “Tick based” markets. Using a “Meta” profile & Composite profiles. The concepts are similar to MP, but the concept of “Value Area” differs for the “major auction”. I use different AMVT concepts ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 5. Value is a function of price over time Value of the type defined by market activity is based upon the concept of price-over-time, the relative frequency with which the market revisits a traded price. Steidlmayer based ...

Auction Market Value Theory & Analytics

I appreciate you taking time to post. I thought I did a trial through “aspen” years ago. I could be wrong, but I believe it was the only place at the time that had that charting. I don’t think they offered FX at the time either. I too found it ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 4. Demand is a complex function of real and psychological factors This is an assumption, supported by observation of 'herd behavior'. For an example, see 'Day Trading the London Blast, July 7, 8 2005'. It is in the ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 3. Market response time to a pulse is non-zero (feedback takes time) This point is an observable, contrary to the efficient market hypothesis. As Steidlmayer pointed out, the market is not efficient, it is effective** (VBPT ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 2. Markets are self organizing and driven by feedback The recent thrust in economic thinking has been guided by the behavioral economists. The shift is from general equilibrium to multiple equilibriums and out of ...

Auction Market Value Theory & Analytics

Elements of Table 1 Item 1. Distribution Functions The normal give and take of auction markets coupled with the sometimes extreme behavior at the tails of the market (huge fast losses, as in the October 14 - 19 1987 period), maps out a distribution ...

Auction Market Value Theory & Analytics

Basic Principles of Auction Market Value Theory Applying the three major discoveries to auction market data leads to the elements of auction markets, collected in Table 1. Data in the table, while generally applicable to all auction markets, are ...

Auction Market Value Theory & Analytics