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- mzvega replied Apr 14, 2011
the daily opens for the last 3 days are all about in the same area. I think that "line in sand" is an important one. Bullish above bearish below, looking pretty balanced. Just from my quartely charts I have that bearish bias. Im looking for any ...
Auction Market Theory and Market Profile
- mzvega replied Apr 14, 2011
This trade I am in is a good example. I am in the hole atm but technically I am not wrong until we are above VAH, and even then chances of sellers coming in are great because prices are "overvalued", so I would hold that short unless I see strenghth ...
Auction Market Theory and Market Profile
- mzvega replied Apr 14, 2011
Great trades! I probably would have went long on the reverse too, I still have a bearish bias. If nothing else "balanced atm"
Auction Market Theory and Market Profile
- mzvega replied Apr 14, 2011
Yes I do look at those charts, when I am close to one of my reference points (IB's, va's, poc's, etc.) then I will look at the 5m, looking fine tune my entry. But When I am in a trade I look at the profile beacuse the PA will psyche you out. If im ...
Auction Market Theory and Market Profile
- mzvega replied Apr 14, 2011
Im currently short at ny seesion IB high @1.4431. I feel if it is open test drive prices(weekly), should drive lower. As per basic mp set ups, looking to buy mn vah & poc which is still further @1.4307 closer to wvpoc 1.4294. The daily dir. ...
Auction Market Theory and Market Profile
- mzvega replied Apr 14, 2011
I wanted to post a trade I took last night. I took 2 Shorts @ 1.4999. I had an idea about weekly IB looking like open-test-drive. I closed both alittle below WIBL.
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
Your absence is definitely missed! It takes a lot of time, work and effort to get to a place in life where a person can afford the luxury to trade at their leisure. If you call daytrading leisure
. You definitely got your plate full and your ...Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
just Closed 1.44884 short @1.44138. I may look to get back into a trade but im on the fence atm. Both wval & dval refererence areas reached If I was to be aggressive Id be long this area atleast to todays poc or wpoc. Im not taking the trade. But Id ...
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
From a Weekly IB perspective its looking like "Open-test-drive". Any opinions?
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
Just closed 1.4475 short @ 1.4463. Still holding short @1.44894
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
I cant believe I got blindsided by the news (I think its news). Thats me not paying attention
. I decided to hold. If prices start to drive above ibh, then Ill fold. imo if commercial wanted to drive prices higher we would have range extention ...Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
Closed 1.44884 short @ 1.4467 just to take something off the table for the day. Still holding other short @ 1.44889 lookING to posibly add short @ fail of the daily open or IBl Just added small short @ 1.4475. Let me see how this plays out.
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
I entered 2 shorts @1.44894 & @1.44884. I would like to see price travel to the other side of yest val. or atleast to current wk val. There is a wpoc @1.4457 that may hold prices up. Ill see what happens.
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
"open auction" "within value" I think theres confusion. Where price opens in relation to value, is one thing. "Thats "directional conviction". If price opens inside value ,you add the va range to the side of the IB thay is most likely to hold to get ...
Auction Market Theory and Market Profile
- mzvega replied Apr 13, 2011
One of those things that make you say hhhhhhmmmmmm............ I can always count on you to ask those questions
. I too need a better understanding. Ran across some notes, not sure if I've fully wrapped my mind around it. But see if you can make ...Auction Market Theory and Market Profile
- mzvega replied Apr 12, 2011
Looks like good entries.
. Id join in but Im burnt out for the day.Auction Market Theory and Market Profile
- mzvega replied Apr 12, 2011
Closed 1.4511 short @1.4480. Wanted to take profit. Tired of babysitting the trades. Still holding a short @1.44605 (bad timing on my part
) I hold it awhile hoping to atleast BE.Auction Market Theory and Market Profile
- mzvega replied Apr 12, 2011
A couple of things. Yesterdays open @1.4479/80. If infact (imo) we could hold above the weekly open, indeed bullish sentiment. But it tested and failed. Both weekly & daily vah's were at the same place & time, price failed the wk open and chose to ...
Auction Market Theory and Market Profile