DislikedImportant to note that NY has an impeccable record of buying this thing up, from this point on and into the afternoon.Ignored
Seeing high futures volume around spot's 4468/4475, so looking for short potential.
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DislikedImportant to note that NY has an impeccable record of buying this thing up, from this point on and into the afternoon.Ignored
DislikedThat's exactly that :-)) Thanks a lot KinsaleForex!!
This also makes me think of an other question. If I had already a trigger line in the area of the new bar with high volume, does it immediately replace the old trigger line?Ignored
DislikedLooking at the EU futures weekly, as we all know its such a narrow range for the week. However what interests me is the volume - presuming Friday's are their normal low even if we push above 1.4520 tomorrow it's likely to appear as a no demand on the weekly.
I made 95 pips in a buy today (out now) but even if we breach above 1.4520 tomorrow and hold I'll be nervous. I'm suspecting the buying we saw today was supporting the price for distribution - I'm more short biased at the moment (in fact I'm out of trades for this week biased at the moment).
What...Ignored
DislikedIf there are many no-demand bars at the likely top of a trend, what has to appear to confirm a bearish trend?Ignored
DislikedBeljevina, I'm just curious on your thoughts on the GBP/JPY I it looks like on the 4 hour chart there has been a lot of buying over the past few days....I got into a nice long this morning off the 5 min chart and I would usually close my position happy now, but based on the 4 Hour chart I can't seem to justify closing it.
We have not been below 135.00 since the first of the month and it while a lot of the highest volume has occurred on down candles for the most part we have held above 136.00Ignored
DislikedThere needs to be weakness before the no demand bars, ie, buying climax, upthrust, increasing volume on decreasing range upbars (end of a rising market), only after these would you be looking for your no demand bar, and the no demand bar would be confirmed within the next 2 bars with a break of the low. And this would be your entry.
Here read this it might help as a quick refence guide.Ignored
DislikedThere needs to be weakness before the no demand bars, ie, buying climax, upthrust, increasing volume on decreasing range upbars (end of a rising market), only after these would you be looking for your no demand bar, and the no demand bar would be confirmed within the next 2 bars with a break of the low. And this would be your entry.
Here read this it might help as a quick refence guide.Ignored
DislikedIf we look at the 1H chart of EURUSD, we can see there was a wide spread down bar on very high volume. It made a low and then reversed and crossed back the area of that big bar upwards, but volume was decreasing during that up move. What should we expect? Is the price likely to come back down again? This should mean that this last upmove is a retracement of the previous down move and we should expect lower prices to come. Is that right?Ignored
DislikedWhere are you talking about mate? 10am GMT today? Give some times or a chart maybe?
CheersIgnored
DislikedQuite different volumes on our charts;
I find it a bit awkward to comment seeing as volume starts to drop off on the hourly charts after 4 GMT every day anyway. It's possible we'll see a retrace but you'd be better seeing what happens around the London Open. Perhaps someone else could comment.Ignored