Well thats easy Intel, I was sleeping lol. Throwing salt in my wounds now haha.
That high volume at 1.3100 on the 15 min is keeping things capped at the moment, love to see a push through it.
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DislikedWell thats easy Intel, I was sleeping lol. Throwing salt in my wounds now haha.
That high volume at 1.3100 on the 15 min is keeping things capped at the moment, love to see a push through it.Ignored
DislikedLOL
Rambling to you, nuggets of wisdom to the rest of us.
With a valid test in the correct place, are you concerned about the volume or, are you happy as long as it isn't very high - ultra high?Ignored
DislikedIs this a trick question .
If it is a pure test then I like low volume (less than the previous two). But a test on increasing volume that has a small range like NR4 is still good. Especially if it is a selling bar/candle. Which means it is making a lower low and not a lower high. And then if it is also lower than the candle before the previous candle/bar-the candle/bar two candles back.
If it is a KRB (not VSA since VSA does not look at the open) I don't mind if the volume is a bit higher. The strength of the bar/candle is still evident because...Ignored
DislikedJust got home from work, checking the charts and was quite pleased about getting the EU direction right when I realised I hadn't posted the chart last night. Sorry guys.
Of course it's much easier to post it now I KNOW I'm right
I see higher volumes at the lower end of the range which indicates buying to me. However MTM says that during Accumulation, we should see lower volumes at the bottom of the range and higher volumes at the top. He qualifies this by saying that the volume is due to SM selling into the herd in order to stop the price...Ignored
DislikedThis was confusing to me for a while as there are different things said about identifying accumulation or distribution. All I can say is that I've basically found what you have, that when higher volumes appear at the lows in a range (or a trend for that matter), it's being bought, and vice versa.
One of my "pre-trade" activities at the start of the day is to look at where the high volume is. Usually can determine a direction by seeing if there's more volume coming in at the peaks (selling) or at the valleys (buying). Not sure if this is the...Ignored
DislikedNice posts HG. Well I have to say that this week has been the most frustrating to trade that I can recently remember. Horrible price action on the majors that I watch. This week is usually the peak of the summer holiday season and I hope that this factored in.
The Eur is creeping up to that 1.3100 level, I missed an reverse upthrust on the 5 and the 15min chart that I cant believe. o well, the markets will be here tommorrow.Ignored
DislikedJust got home from work, checking the charts and was quite pleased about getting the EU direction right when I realised I hadn't posted the chart last night. Sorry guys.
Of course it's much easier to post it now I KNOW I'm right
I see higher volumes at the lower end of the range which indicates buying to me. However MTM says that during Accumulation, we should see lower volumes at the bottom of the range and higher volumes at the top. He qualifies this by saying that the volume is due to SM selling into the herd in order to stop the price...Ignored
DislikedI....
The best place to take your trade is shown on the chart below. The candle marked entry #2 is ideal because:
1. It is a test (a high volume test, but a test none the less).
2. Price makes a lower low than the previous bar and dips below the Balance Point Line but closes above it. The movement down and then the rejection back up is a sign of bullishness.
3. In this case the Balance Point Line is essentially acting as a support line.
I put in Entry #1 because some traders would take it. I do not like it however and I will tell you why....Ignored
DislikedJust a quick question here.
What period a you guys using for the hull MA ?
ThanksIgnored
DislikedJust a quick question here.
What period a you guys using for the hull MA ?
ThanksIgnored
DislikedJust a follow up to the previous post.
The volume on the KRB in this case is less than the previous two candles and less than average. In VSA terms it is a Hidden Test. Again note the action is around the Dynamic Balance Point Line, which is acting as support.
Now check out the Test. While it does not have a low lower than the last two candles, its range is at least less than the previous three candles. Making it at least a NR4.
Now look at the No Supply after the low volume shake out. Certainly not a narrow range. But not that it does have...Ignored
DislikedIs this a trick question .
If it is a pure test then I like low volume (less than the previous two). But a test on increasing volume that has a small range like NR4 is still good. Especially if it is a selling bar/candle. Which means it is making a lower low and not a lower high. And then if it is also lower than the candle before the previous candle/bar-the candle/bar two candles back.
If it is a KRB (not VSA since VSA does not look at the open) I don't mind if the volume is a bit higher. The strength of the bar/candle is still evident because...Ignored
Dislikeda little bit of cheating
I have used rsx alot in the past and with these choppy market conditions wanted to add it back in as a tool on a 5 min chart
here was a trade I took on aj earlier ... been selling all up moves and playing the 78.,25 to 77.75 area alot on a 5
I am not a big fan of indies .. but the rsx is one of THE BEST for seeing divergences...
Those who have followed me for a while know that I have used this in the past
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