Hi Folks !
Nice thread by the way
Well it's a game with simple rules...
When you want to buy for example a good amount of EUR/USD monday morning you need
liquidity.
So what can be done ??
1. Push the price down at first to the nearest stop level
(This might be Darkstars episodic volatility... which unfolds at this time
just for the reason to create liquidity to ride the opposite direction...)
2. after that price rises as magic....
<who could have guessed.....
By simultaneously observing the typical volume patterns you get all the information
you need.....
Take a look at Tom Williams "Master the markets" book... (VSA Trading)
By the way this scenario repeats itself in both directions over and over again each trading day...
Watch also carefully the behaviour of price before bigger economical events !!!
Maybe something interesting unfolds in your mind....
Happy trading
Bernhard
Nice thread by the way
Well it's a game with simple rules...
When you want to buy for example a good amount of EUR/USD monday morning you need
liquidity.
So what can be done ??
1. Push the price down at first to the nearest stop level
(This might be Darkstars episodic volatility... which unfolds at this time
just for the reason to create liquidity to ride the opposite direction...)
2. after that price rises as magic....
<who could have guessed.....
By simultaneously observing the typical volume patterns you get all the information
you need.....
Take a look at Tom Williams "Master the markets" book... (VSA Trading)
By the way this scenario repeats itself in both directions over and over again each trading day...
Watch also carefully the behaviour of price before bigger economical events !!!
Maybe something interesting unfolds in your mind....
Happy trading
Bernhard