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?

MaxTaF 

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 .

forgiven 

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?

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.

MaxTaF 

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 .

MaxTaF 

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.