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Market Profile Exploring the Auction Theory

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  #21 (permalink)  
Old 09-03-2009, 04:27 PM
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once again thanks


POC has changed as mentioned earlier to 45/43
second volume is becoming simple to trace such pull backs as soon as pull backs get over vol dries near the POc area

KINGFISHER
thanku alex
CV sir sorry for misunderstanding need rectification and clarification when i am going wrong
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Old 09-03-2009, 04:43 PM
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Old 09-03-2009, 05:04 PM
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if possible some elaborations on it

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Old 09-03-2009, 05:30 PM
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Originally Posted by alex View Post
positional shorts need to be cautious here, since three days market forming value around 2545, after elongated weekly profile, now profile extending in this value area, lack of fresh sellers, might induce short coverng small jump

Originally Posted by alex View Post

(during market hours , time is less 2 post the charts, so will always try 2 post relevant charts after market hours. )

profile in red is weekly profile, white dotted profile represents volume.
white circle indicates past two days action was within prev price range
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Old 09-03-2009, 07:40 PM
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Alex : One small request, please do write a line or 2 with your chart (or within your chart as your old style was), there are guys like me who show that we are not interested in new things but we secretly do read & try to understand but without any explanation only those who have the grasp of MP will understand what you saying...

Sorry to butt in... also if not during market hours maybe you cud recap after mkt... thanks

Problem with me is I can only grasp live charts no reading does me any good
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Old 09-03-2009, 07:58 PM
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surely will do that... becoming lazy now a days
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Old 09-03-2009, 08:09 PM
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Originally Posted by alex View Post
surely will do that... becoming lazy now a days

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Old 09-03-2009, 10:28 PM
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nice alex
one thing at quick gasp we can see volume drying up at higher levels
and at lower levels we see action both buying and selling
now how to practice the weekly nodes and match them with daily ones
the weekly has three POC areas where buyers and sellers have utmost activity

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  #29 (permalink)  
Old 10-03-2009, 01:27 AM
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explaining todays market profile more in detail, first of all longer time frames what we are interested in, can be traced with the help of weekly market profile and its value area we figure out where long time frames accumulating the stock, weekly profile is elongated one, that means extreme bearishness, distribution is steady not single print selling, market try to auction lower and when there isnt any bid for that auction price, auction prices move lower, thats what happened on weekly profile.. now when u zoom in and see daily market profile we see last three days value area arrested and declining to go further down, it suggests fresh sellers are not present in market, the more market trying to remain in this value area more weaker will be the bears, getting long is not best of the choices, but covering shorts is definitely good choice, as kingfisher suggested volume drying at days poc and attracting at val ( value low ) which concludes high of the prev hourly wrb wd be major resistance.
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  #30 (permalink)  
Old 10-03-2009, 08:47 AM
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Originally Posted by alex View Post
explaining todays market profile more in detail, first of all longer time frames what we are interested in, can be traced with the help of weekly market profile and its value area we figure out where long time frames accumulating the stock, weekly profile is elongated one, that means extreme bearishness, distribution is steady not single print selling, market try to auction lower and when there isnt any bid for that auction price, auction prices move lower, thats what happened on weekly profile.. now when u zoom in and see daily market profile we see last three days value area arrested and declining to go further down, it suggests fresh sellers are not present in market, the more market trying to remain in this value area more weaker will be the bears, getting long is not best of the choices, but covering shorts is definitely good choice, as kingfisher suggested volume drying at days poc and attracting at val ( value low ) which concludes high of the prev hourly wrb wd be major resistance.

Now with this explanation the 'Hibrew' thing is slowly getting registered in this dumb head.
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