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Market Auction Theory on Forex sessions


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Market Auction Theory on Forex sessions

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  #1 (permalink)
 MaxTaF 
ES, Brazil
 
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Hi everyone!

Does it make sense to use market auction theory on Forex? Since there is no actual "open".

I am trading the EURO and tryed to split the market into sessions and consider for example a session "open" at london 8 a.m. and start measure things from that time, In my experience it hardly ever respects its profiles, mids, vwaps and etc.

What I can see is that occurs an increase in volatilite but not a change of context related to what has ocurred before in Asian sessions for example.

Also at London open, I tryed to read different "opening types" and opening related to "previous days/sessions values" to see if it "test" previous sessions areas but I have not found any correlation.

Has anybody had a different experience with AMT on Forex?

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  #2 (permalink)
 forgiven 
Fletcher NC
 
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MaxTaF View Post
Hi everyone!

Does it make sense to use market auction theory on Forex? Since there is no actual "open".

I am trading the EURO and tryed to split the market into sessions and consider for example a session "open" at london 8 a.m. and start measure things from that time, In my experience it hardly ever respects its profiles, mids, vwaps and etc.

What I can see is that occurs an increase in volatilite but not a change of context related to what has ocurred before in Asian sessions for example.

Also at London open, I tryed to read different "opening types" and opening related to "previous days/sessions values" to see if it "test" previous sessions areas but I have not found any correlation.

Has anybody had a different experience with AMT on Forex?

if you use FX futures data it should have volume . it should be more transparent as to when the market is most active . if you are still unsure I would look at a volume profile on daily , weekly , monthly , and 6 month time frames . high volume nodes will outline areas of balance and low volume nodes should out line areas of minus development . you can add the volume value areas and point of control to the time frames reference on most charting packages . hope it helps .

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  #3 (permalink)
 MaxTaF 
ES, Brazil
 
Experience: Intermediate
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Posts: 9 since Feb 2017
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forgiven View Post
if you use FX futures data it should have volume . it should be more transparent as to when the market is most active . if you are still unsure I would look at a volume profile on daily , weekly , monthly , and 6 month time frames . high volume nodes will outline areas of balance and low volume nodes should out line areas of minus development . you can add the volume value areas and point of control to the time frames reference on most charting packages . hope it helps .

Thank you for the advices!

What time do you consider the open for the euro?
Do you separate that day into sessions? Into daily and overnight?

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  #4 (permalink)
 ibdabas 
Melbourne
 
 
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Consider Euro i.e. 6EH2 as 23 Hr Auction. You can start with any session. I normally do it From Asian Session. I would say it does respect Volume Profile Value area and vwap. but not as precise as you would like. I will mark areas of interest and then wait for big orders to shows up.

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 forgiven 
Fletcher NC
 
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MaxTaF View Post
Thank you for the advices!

What time do you consider the open for the euro?
Do you separate that day into sessions? Into daily and overnight?

I never traded FX . I was think about it because FX spot does not use volume and my knowledge of Futures, Market Profile , Volume Profile , and order flow could give me a bigger edge . At the time I was taking a 5 day class on Elliot Waves by Aspin trading . Tod Gordon was the instructor . He worked there be for he was on CNBC . FX was all they traded .

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Spottrader
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MaxTaF View Post
Hi everyone!

Does it make sense to use market auction theory on Forex? Since there is no actual "open".

I am trading the EURO and tryed to split the market into sessions and consider for example a session "open" at london 8 a.m. and start measure things from that time, In my experience it hardly ever respects its profiles, mids, vwaps and etc.

What I can see is that occurs an increase in volatilite but not a change of context related to what has ocurred before in Asian sessions for example.

Also at London open, I tryed to read different "opening types" and opening related to "previous days/sessions values" to see if it "test" previous sessions areas but I have not found any correlation.

Has anybody had a different experience with AMT on Forex?

There most definitely is an open....

Not in a sense of an equity market, but here definitely is.

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