Just curious if anyone is familiar with Dave Johnston's Market Auction Theory System (MATS) that he teaches for trading the various e-mini markets (www.eminidaytrader.com) This is unrelated to Bill Duryea's Institute of Auction Market Theory, which people on this forum generally seem to like.
I'm wondering if you could explain the relationship, if any, between Dave Johnston's Market Auction methodology and Market Profile, which seems to have its own unique set of technical indicators and terminology.
I'm wondering if you could explain the relationship, if any, between Dave Johnston's Market Auction methodology and Market Profile, which seems to have its own unique set of technical indicators and terminology.
The MATS system does not use any technical indicators; just price action and volume. The methodology uses Market Profile to evaluate the context of trades.
