Balance · imbalance · day types · the open

Auction Market Theory

The framework underneath everything: two-way auctions, fair value, balance vs imbalance, Market Profile day types, excess and the open.

lessons

modules

Quiz questions

Intermediate

Level

Start the course

15 lessons, live charts and a quiz after every lesson. Your progress saves automatically in this browser.

Course modules

1The AuctionMarkets as two-way auctions: price, value, balance and imbalance.0% · 0/3 lessons

1.1Markets Are AuctionsCompleted 1.2Price vs ValueCompleted 1.3Balance vs ImbalanceCompleted

2Market Profile & TPOTime-at-price, the Initial Balance, and TPO vs Volume POC.0% · 0/3 lessons

2.1Market Profile (TPO): Time at PriceCompleted 2.2Initial Balance & Range ExtensionCompleted 2.3TPO POC vs Volume POCCompleted

3Day TypesHow control shows up: Normal, Trend, Neutral and their variations.0% · 0/3 lessons

3.1Normal & Normal Variation DaysCompleted 3.2Trend & Double-Distribution DaysCompleted 3.3Neutral & Neutral-Extreme DaysCompleted

4Auction Completion & MigrationExcess, single prints, poor highs/lows, and multi-day value.0% · 0/3 lessons

4.1Excess & TailsCompleted 4.2Single Prints & Poor Highs/LowsCompleted 4.3Value Migration Across DaysCompleted

5The Open & ApplicationOpen types, the open relative to value, and the exam.0% · 0/3 lessons

5.1The Four Open TypesCompleted 5.2The Open Relative to ValueCompleted 5.3Final ExamFinal examCompleted

How to use this course: work through the modules in order. Each lesson ends with a multiple-choice quiz that grades instantly and explains every answer. Educational only — none of this is trading advice.

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