Every day i wander how this thread is dead even it pinpointing to the right way to see the market by auction market theory
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DislikedIt appears the EUR/USD is still in a bullish stance. But the fact that it opened below the UQ, and that the UL is the same now in the 5, 10, 15, and 20 day ODCs, I'd say we are in no man's land. The brackets widened but it was a weak close. Caution, as this could be a failed break with a return to the MID of the composites. Or, as the TPOs support the LTF buyers we can resume higher, albeit with activity slowing. {image}Ignored
DislikedEverything begins with the book 'Mind Over Markets'. Read. Take notes. Reread. Write notes. Reread. Then the 'Value Based Power Trading' book. Read. Take notes. Reread. Write notes. Reread. Some things like the LDB are interesting but unneccessary. The CME pits are all gone, with all trading digital. Volume can be aquired in real-time now. But even for FX I believe tick volume is fine to track in its place. I have never seen growing volume that didn't also include growing tick volume. And really that's not so big a deal because it is VALUE that...Ignored
DislikedIt appears the EUR/USD is still in a bullish stance. But the fact that it opened below the UQ, and that the UL is the same now in the 5, 10, 15, and 20 day ODCs, I'd say we are in no man's land. The brackets widened but it was a weak close. Caution, as this could be a failed break with a return to the MID of the composites. Or, as the TPOs support the LTF buyers we can resume higher, albeit with activity slowing. {image}Ignored
Disliked{quote}One good gauged of price tanking is to see how much volume is traded for the day compare to the average volume of the last 20days. If it is higher; then likely we witnessing capitulation. Good luck!Ignored
DislikedJust to see what would happen, I made my VA Dir based upon the 30 conditions in MOM. My interpretation of Bullishness was based on the rotation of the closes to start. But you are right. It was a bad place to be. I saw that the POC was starting to fold. Also the market was slowing, TFF, VA Range, and VTY, and even now they get worse. My Net Flow is +1 now (I used Jones' formula with the IB included). But even after all of this I would still be long here. Based on the Friday low (where my stop would be a little below it) we can still move higher....Ignored
Dislikedah not an advise just sharing my views. Do post occasionally if you can. I am sure we are the last bastion of AMVA.Ignored