I got to the computer just after the first sell. The 5am gmt candle 1hr chart was a negative close on higher volume. This lower high came with higher volume than previous candle. Exactly how I want to trade lh's with volume.
My first trade is show by the middle red line. GBP obviously now in a downtrend, there was a shooting star 2 candles earlier on high vol (first sign sell may be on for me) then the lower close on higher volume. I sold 1.4061 in the vsa chat room.
My next trade was the higher low with higher volume. We then had a shooting star with good volume, the first warning all may not be well with this trade, then a higher close on lower volume. Not trusting what the candles and volume were telling me I exited at +1 (woohoo!!) but it wasn't a loss at least. Without the volume conflicting with candles I would previously have hung in for a losing trade.
My first trade is show by the middle red line. GBP obviously now in a downtrend, there was a shooting star 2 candles earlier on high vol (first sign sell may be on for me) then the lower close on higher volume. I sold 1.4061 in the vsa chat room.
My next trade was the higher low with higher volume. We then had a shooting star with good volume, the first warning all may not be well with this trade, then a higher close on lower volume. Not trusting what the candles and volume were telling me I exited at +1 (woohoo!!) but it wasn't a loss at least. Without the volume conflicting with candles I would previously have hung in for a losing trade.