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Details about auction market theory
There are more complex ways to develop theory into a trading strategy. One of the most popular methods is to use market profiles. But for now, I want to talk about theory.
A chart of market profiles showing prices on a vertical scale (y axis). The sets are displayed on horizontal scale (x axis) and dots using letters and color combinations. The pricing is fairly straightforward, but the volume and timing segments are a bit complicated.

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Details about auction market theory