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Auction Market Theory and Market Profile

EURUSD, price penetrated last month´s low and seems that will start developing lower. So today seems that the negativity from the previous profiles finally panned out with the bulltrap move that happened a while ago. image image image

Auction Market Theory and Market Profile

EURUSD, price penetrated last month´s low right now. Tick chart shows that the shakeout was most likely a bull trap. image image image

vsa with Malcolm

Be careful because top formations usually don´t form a rising triangle like that, it looks more like absorption. You have volume decreasing on the pullbacks and increasing on the rallies, rising lows every time price rams into resistance.

vsa with Malcolm

Moved stops to breakeven now. Perhaps got the timing right in this short? If the price breaks the halfback of wide range high volume bar, then we have more confidence that prices now will head lower. image image

Auction Market Theory and Market Profile

Price closed below yesterday´s high, another shot now Problem is that when you wait too much for confirmation, you can have a safer entry but also less reward. Sellers seem to have shown themselves (via the tick chart). On the 5M volume is ...

Auction Market Theory and Market Profile

So I got stopped out by the 3rd time on EURUSD, I will only take a short now if it closes below yesterday´s high and after we have a big selling wave with high volume. Either I am having a timing issue or timeframe cognitive dissonance, gotta review ...

Auction Market Theory and Market Profile

Stopped out, one more shot lol image

Auction Market Theory and Market Profile

One more shot image

Auction Market Theory and Market Profile

Stopped out of the trade just now.

Auction Market Theory and Market Profile

EURUSD, daily profile stopped timeframing up on "i" period, seems to have met sellers. "j" period is going down. On 1H price upthrusted friday´s high in confluence with supply line of HTF downtrend channel. Took a short, let´s see how it goes. ...

Auction Market Theory and Market Profile

Price penetrating an important area. Still no signs of big sellers. image

Auction Market Theory and Market Profile

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vsa with Malcolm

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Auction Market Theory and Market Profile

EURUSD: image image image

Auction Market Theory and Market Profile

EURUSD overnight: Market opened and is inside the range of friday, ping ponging inside an even tighter range. Only thing that gives a hint of bearishness are the TPO charts (value developing slight lower, last two profiles negatively skewed, merged ...

vsa with Malcolm

If you wanna learn the OR properly read "Day Trading With Short Term Price Patterns and Opening Range Breakout" by Toby Crabel. I don´t use it because I like to wait for a hour or so after the NY session open, market profile influence (unless there ...

vsa with Malcolm

Combined with the ADR gives a better notion of how far the price can go in a session.

ADR Average daily Range Indicator

Hi there, thanks for replying. Yeah I already have this one, it updates as the day develops, but it is not the same thing. The ADM would calculate how many pips the price moves up and down, let´s say in the last 5 days the total daily movement was ...

ADR Average daily Range Indicator

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Auction Market Theory and Market Profile