So perhaps all this talk about seeing short covering in P-formation upon another this last few day & with JD's blog even mentioning it perhaps bearing fruition now. Signaling cautious long & need to react when situation reverse...

Auction Market Theory and Market Profile

Ah my bad. it was the unemployment claim rather then the BAC news...lol Yeah 45°, miss to mentioned that even though i have it in my mind...usually very useful as a sign of continuation to balance with which price fall back to control....nice ...

Auction Market Theory and Market Profile

ES....180 — it might be good news for BAC, ES NY pit open is selling on good news as it seems as it taking out the overnight long inventory high. The news cause the spike & now the spike could be taken out as we speak... image Uploaded with ...

Auction Market Theory and Market Profile

OK 4400 it is. but my buy limit did not trigger Price react violently as i suspect it have to do with news on Warren Buffet purchase of BAC shares at 5 bil (QE3 comes early, I was expecting an inventory adjustment back down to previous ...

Auction Market Theory and Market Profile

Took ashort again this time, My reference again was to see the reaction as price approach yesterday UK high since it fail to auction higher with only one lonely print on my chart during NY. This is something i learn in Wyckoff which is known as ...

Auction Market Theory and Market Profile

JD's blog of yesterday make reference to ES' short covering rally on Tuesday & also his afternoon pullback low, both of which was his shorterm reference leading up to yesterday's push up on NY. FYI @Alex, i have included my chart here for comparison ...

Auction Market Theory and Market Profile

Combine the TK UK session as one...NY as seperate My broker time is GMT +2, so this is the only way to circumvent it image

Auction Market Theory and Market Profile

Daily profile: Today daily profile base on UK open is still trading within with an inside-day range as it developing still b4 NY. So the strategy is still to hinge on the extremes of yesterdays range as to trade the yesterday balance back to control ...

Auction Market Theory and Market Profile

Was waiting for this top failure off the UK high after US pit opens. Took a pot short at it & the price quickly took out my 1st target onto 4400. Move my stop above BE & see how it goes with my remaining exposure to 4350...initial risk was 17pips. ...

Auction Market Theory and Market Profile

It think so, if u were to combine Feb till todate. I think u have a balance profile...

Auction Market Theory and Market Profile

He is using S&P large contract, that could be a reason the gaps may not appear, I am just guessing. Inventory is base right after NY pit session end till the pit opening. So is like Sydney begins(23:00 EST) till 15:29 EST.) Yes he is using NYSE open ...

Auction Market Theory and Market Profile

Let say for the sake of explanation... After a P-formation shortcovering, market will still try to explore by probing up or down. IN EU case the 1st P follows by b is very normal. Like mzvega puts it, market will try to trade till a complete ...

Auction Market Theory and Market Profile

LOL Claudia, even as of now we are still struggling with the interpretation. Problem lies herein in, on several occasion in JD's MOM book he tend say things - "trader make careful note of the underlying conditions prevailing in the market and the ...

Auction Market Theory and Market Profile

This is the 2nd P-formation short covering rally which calls for extreme caution now if u intend to play it long. Current US pit opening suggest auctioning for now as it test probe UK low. Since price is trading back into previous range, any range ...

Auction Market Theory and Market Profile

Would like to see more of your thought process too on anything MP, most of us are still learners here irregardless. With regards to GU, There was a "change" as NY developed & finally settle down into balance. The price was settled above the previous ...

Auction Market Theory and Market Profile

Welcome. I would like to hear more of your thought process too if u are free to post...

Auction Market Theory and Market Profile

For GU i have a very strong bearish bias. Last Friday session trend-day type actually took out UK session high, this is an excess failure. Which eventually have to leave it to today's TK session to do pause for balance. By UK opens price hardly ...

Auction Market Theory and Market Profile

I make my entry as price deteriorates further, on the pullback to vwap. I am not sure how it goes. I suspect this is another pullback..if it is true then the posible interim support would be at previous NY low with which we may see an excess. But ...

Auction Market Theory and Market Profile

Welcome, i may only be scratching the surface myself, feel free to post your thoughts too. So have you settle on your chosen platform for MP yet?

Auction Market Theory and Market Profile

What was I thinking, a trend-day on Monday... So the TK session high did provide the conduit for a slight pullback which saw price struggling above previous UK high. But the caution her as with the current P-formation suggesting a ...

Auction Market Theory and Market Profile