Post
Topic
Board Nigeria (Naija)
Topic OP
Auction Market Theory and Market Profile
by
jay_cash
on 08/05/2024, 04:30:10 UTC
So nosy of how many of you use Auction Market Theory or Market Profile in your trading?

Here is a recent trade from this past week. This is a 5m EU chart....

POC is meant to show where most trading has occured during the day. As the markets become thin there's not much action and the chart simply prints more needless 5min bars in the same range. So what I would suggest is using futures volume data for constructing your POC, at least it would be more accurate.