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It is the cycle in which the markets move up and down through various stages such as Accumulation – Mark Up – Distribution – Mark Down and sometimes the intervening stages of Re-accumulation and Re-distribution.
Auction Market Theory proposes that all financial markets work like an auction. That the price will move higher in search of sellers and price will move down in search of buyers.
Once the price has move low enough to uncover buying strong enough to stop the down auction, a new auction up will begin.
Market Profile Charts can be used effectively along with AMT principles to trade low risk opportunities in financial markets.
Market Profile is a way of organizing data. It organizes data in such a way that it reveals various AMT principles in real time.
In a MP chart the regular bars and candlesticks are replaced by letters (one letter for each 30 min bar is the most common setting). These letters are then collapsed on to the price axis to give it a distinct shape, which sometimes resembles a bell curve.
When price stays within the initial balance the whole day the day type is called as a Normal Day.
When price stays within the initial balance the whole day the day type is called as a Normal Day.
When price forms a narrow balance to begin with and then BO/BD from that balance and then form a second balance in the same day, the day type is called a double distribution trend day.
When price extends range beyond the IB in both directions and closes within the value area, it is called a Neutral Day.
When price extends the range in one direction and then moves in opposite direction and extending the range at the other end, as well as closing on the extreme, is called a Neutral Extreme day.
OIR
When prices open inside yesterday’s range, we call it Open Inside Range.
The range development potential is limited.
OOR
When prices open outside yesterday’s range, we call it Open Outside Range.
In this scenario the range development tends to be wide, and dynamic moves can be expected.
Open Drive (OD)
Open Drive exhibit maximum confidence from the OTF timeframe traders
Opens Gap up and Never got back into the previous day range
Opens Gap up and Trades in the same direction of the previous day
Low made in the first 30 min never taken out throughout the day
Witnessed more in Bear market counter rally
Market opens and test beyond a known reference to check for any unfinished business, if not found we resume the drive.
Second most confident opening.
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