Would like to understand what is the Dragon / snake's function and what about the EMA 89 purpose?
thanks
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Disliked{quote} Actually i also having the same issue.... can't really absorb the BUY/SELL method/. Lastnight i have post some question here, but nobody haven't reply yet... Would like to understand what is the Dragon / snake's function and what about the EMA 89 purpose? thanksIgnored
DislikedEU short trade closed. +186 pips {image} Long Scout added, PVSRA based at bad momentum {image}Ignored
DislikedGU short trade closed. +235 pips {image} Long Scout added, PVSRA based at bad momentum {image}Ignored
DislikedAU short trade closed. +354 pips {image} Long Scout added, PVSRA based at bad momentum {image}Ignored
DislikedUCa long trade closed. +179 pips {image} Long Scout added, PVSRA based at bad momentum {image}Ignored
Disliked{quote} NU Short Trade Update: Added short Scouts #6-7 as after hours MMs worked the price up/down, but finally got the price high enough to consider adding. {image}Ignored
DislikedEU PVSRA I entered a short term trade, EU M15. Volume increase when price goes up, indicates MM's bear for now in my opinion.... {image}Ignored
DislikedIn my opinion, i placed a short for GU, as price dump, and pump back up to the place where previous consolidation zone, volume increase, i think MM's loading up shorts.... previous drop volume is a stop the drop volume... =) {image}Ignored
Disliked{quote} lx384, But, it is not VSA. We are not considering only the situations of higher volumes with higher spread candles. We are also considering breakouts of the volume trend no matter the configuration of the candle. PVA, or Price Volume Analysis. Add that to a consideration of S&R and you get PVSRA, or Price Volume Support Resistance Analysis. Please get up to speed and use the correct terminology of this thread. Yes, you are correct in that high volume near newly attained lows can be the MMs buying to close shorts, especially if it is the...Ignored
Disliked{quote} Sorry, my bad, wrong term used. They do share the same roots though. What I'm trying to say in simple terms is this, not every high volume down bar equates to a long, or should look for a long which is what loeil is doing (add to longs) on the eu as shown on his charts and comments. How many times do you want to add longs in a down trend? My comments are directed to a trending pair. We have to take into account whether a pair is trending or ranging (distribution or accumulation), dragon?. Looking at his calls the past 5 days, I have to strongly...Ignored
Disliked{quote} You are saying that taking long EU and GU are against trend, but take a look at weekly trend channel. In both, EU and GU, we are at uptrending channel low at the moment. So seeing this kind of ultrahigh volumes could be big money adding longs at channel low. At least that's what PA with volume analysis is showing right now. Things can change rapidly, but there's really high propability for atleast moderate correction in daily trend. Time shows how things go... {image}Ignored
Disliked{quote} Read the last line of my post. I said it depends on what duration you're looking at. Short, Long, Super Long.Ignored
Disliked{quote} UCad Long Trade Update: Added long Scouts #9-12 since last posting. Scout #12 (x5) was just added as the price faded back below the whole number on increased volume, visible on an M1 chart. To correct an error posted, it is not #6 (x2), #7 (x4), but #5 (x2) and #6 (x4). TP is adjusted based on historic PA in spite of RWH being lower. There is no SL due to coming USD high impact releases. {image}Ignored