Never heard of this concept of Failed Auction. Looks amazing and quiet interesting. I will check this on my Market101 charts and understand it further. Thanks a lot for this video.
Thanks for your video. Looked up after reading about in your Volume Profile Book for clarification. Subbed! Looking forward to reading Order Flow and VWAP as well (bought them all) - Keep the videos rolling!
It’s not failed Auction this is weak high/Low. If market gone from that consolidation that means it is successful auction but remained weak Low same vice-versa for downside and this term we can understand easily in Market Profile.
Hi dale, would price tend to revisit the lows of the failed auction if we are convincingly establishing value at higher levels? Also, If there are POCs from prior sessions that are located higher than the lows (but still below the current price), wouldn’t that be the most immediate area that price would want to test before retest highs?
That ict dude is just repackaging/renaming normal price action and sells it as something new. Fair value gap is just a silly name for imbalance in price. It's been existing since stock markets became a thing.
With all due respect, your examples could all be interepreted in any way one desires. This entire analysis business is just astrology for traders, imho.
@@TraderDale1 I used "imho", but it doesn't have anything to do with my or somebody else's opinion. Some guy may find that wearing a red baseball hat as opposed to the green one aleviates his migrene or that buying stocks that begin with letter "A" on Mondays and selling them on Wednesdays is profitable. So what? It either works more often than it should according to probability theory, or it doesn't. If you tested it, what was the preciseness you got? How many randomly selected instances did you use for your testing and what was the accuracy of the results? Most importantly, how often will this work, according to your tests? Or, perhaps there are studies done by somebody else that prove your insights? Because the examples you show don't prove anything whatsoever. Now, if you have neither statistically reliable results of your own, nor references to studies made by others, then, sure, you can still believe your theory, you can believe whatever you want, in fact, but don't go out telling other people this is true, especially when that concerns their money.
@ Adding a word "theory" doesn't prove anyhing. I wrote an extensive reply to the author of this video explaining the issues a while ago right here, but it wasn't posted (probably went to quarantine or something and he doesn't bother chencking those), but question is, does it stand up to robust experimental evaluation or not? We can go into conditions, reliability, precision, etc. then, but the basic question is "yes or no". If this is a serious theory, then I guess people tested it with real life data sets, I have no idea, but quote them, not "it works for me". The web is dominated by this "I think" misinformation as it is.
@@k.squared well the theory of gravity doesn't prove anything but explains how objects move very well! i think the focus is more on the words "auction market" vs the word "theory". There is no system that predicts the future, only ones that show high probability outcomes. The goal isnt to win every trade, but to win a majority of trades, and so far using an auction market framework to think about how price will move and react is the most logical (for me) and yields the highest probability outcomes (at least compared to other methdologies i've tried)
Never heard of this concept of Failed Auction. Looks amazing and quiet interesting. I will check this on my Market101 charts and understand it further. Thanks a lot for this video.
Thanks for the video, I always found this the hardest part to understand on the course so it really helps to have more examples
Thanks for your video. Looked up after reading about in your Volume Profile Book for clarification. Subbed! Looking forward to reading Order Flow and VWAP as well (bought them all) - Keep the videos rolling!
Thank you for your feedback and I wish you to provide a better view of the markets...
It’s not failed Auction this is weak high/Low. If market gone from that consolidation that means it is successful auction but remained weak Low same vice-versa for downside and this term we can understand easily in Market Profile.
So what is the difference between a 'failed auction' and an area of 'rotation'?
Hi dale, would price tend to revisit the lows of the failed auction if we are convincingly establishing value at higher levels? Also, If there are POCs from prior sessions that are located higher than the lows (but still below the current price), wouldn’t that be the most immediate area that price would want to test before retest highs?
You can find out more about this topic in my book, which is free to download here: www.trader-dale.com/volume-profile-book/
12:20 Do you consider a level like this valid forever or is there a max amount of days after which you discard the level?
In most cases the levels are considered good until they are re-tested. It could be days, weeks or even months even on 30m charts.
Yes you are right!!
hey Dale , why you dont use a heatmap to have a better accuracy to view the liquidity , ordes , manipulation on ordes ( spoofing , flipping...) ?
Thank you for your question... In fact, I don't want to use any more indicators... I'm fully satisfied with VWAP, Volume profile and Order flow...
thanks dale❤❤❤🙏🙏🙏
Thanks Dale, awesome!
Glad you liked it!
Hi you show it on fiat and forex, how strongly does this apply to the stock market??
Yes this idea works for the stock market too...
Thank you so much
You're most welcome
happy trading new month
this is an example of a weak low, like explained in your book
yes exactly !
12:54 It's failed Auction but the level is close so should be good to trade agree?
Yes it it true ...
i tooked this one after looking in order flow didn't see any failed auctions there and get SL 😂
Pls boss happy new month to you thanks for all you do sir
Pls how can I get this your charting software
Any guide pls ?
check he's website or u can see it manually
Fantastic! You’ve finally studied the ITC concepts 😊
That ict dude is just repackaging/renaming normal price action and sells it as something new. Fair value gap is just a silly name for imbalance in price. It's been existing since stock markets became a thing.
With all due respect, your examples could all be interepreted in any way one desires. This entire analysis business is just astrology for traders, imho.
Thank you for your opinion... I have tested this procedure that works in my trading. So I felt the need to share it with people here on youtube..
@@TraderDale1 I used "imho", but it doesn't have anything to do with my or somebody else's opinion. Some guy may find that wearing a red baseball hat as opposed to the green one aleviates his migrene or that buying stocks that begin with letter "A" on Mondays and selling them on Wednesdays is profitable. So what?
It either works more often than it should according to probability theory, or it doesn't. If you tested it, what was the preciseness you got? How many randomly selected instances did you use for your testing and what was the accuracy of the results? Most importantly, how often will this work, according to your tests? Or, perhaps there are studies done by somebody else that prove your insights? Because the examples you show don't prove anything whatsoever.
Now, if you have neither statistically reliable results of your own, nor references to studies made by others, then, sure, you can still believe your theory, you can believe whatever you want, in fact, but don't go out telling other people this is true, especially when that concerns their money.
To be fair I thought the same, but this is auction market theory. Less astrology, more mechanics
@ Adding a word "theory" doesn't prove anyhing. I wrote an extensive reply to the author of this video explaining the issues a while ago right here, but it wasn't posted (probably went to quarantine or something and he doesn't bother chencking those), but question is, does it stand up to robust experimental evaluation or not? We can go into conditions, reliability, precision, etc. then, but the basic question is "yes or no". If this is a serious theory, then I guess people tested it with real life data sets, I have no idea, but quote them, not "it works for me". The web is dominated by this "I think" misinformation as it is.
@@k.squared well the theory of gravity doesn't prove anything but explains how objects move very well! i think the focus is more on the words "auction market" vs the word "theory". There is no system that predicts the future, only ones that show high probability outcomes. The goal isnt to win every trade, but to win a majority of trades, and so far using an auction market framework to think about how price will move and react is the most logical (for me) and yields the highest probability outcomes (at least compared to other methdologies i've tried)