{quote} Excellent, thanks mate! Makes sense now
The Dow ticked to a new all time high ... God Bless America.
And at the same time Gold ramped to 1270 area. ....
Forget about correlations they have vanished.
Blogging daily now at www.volume.zone
- #29,141
- Jul 29, 2017 3:10am Jul 29, 2017 3:10am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
- #29,142
- Jul 29, 2017 3:24am Jul 29, 2017 3:24am
{quote} here is the 60 Once again below the pink line ...sell the crap out of her There appears to be supply and confirmation by a no demand or upthrust on 60 would confirm the weakness. {image}
On the weekly chart it looks like AU wants to test the 8162 from May 2015 again… that could be next week.
If so, the 81xx area would be a wonderful selling point… if supported by no demand.
BTW... see that you are still here in Dubai
- #29,143
- Jul 29, 2017 3:28am Jul 29, 2017 3:28am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
{quote} On the weekly chart it looks like AU wants to test the 8162 from May 2015 again that could be next week. If so, the 81xx area would be a wonderful selling point if supported by no demand. BTW... see that you are still here in Dubai
Blogging daily now at www.volume.zone
- #29,147
- Jul 29, 2017 9:02am Jul 29, 2017 9:02am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
{quote} Chart is vertically squeezed. price chart is more important than window with indicator and volume.
thats vsa .... I want to see no demands etc clearly.
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- #29,148
- Jul 29, 2017 9:06am Jul 29, 2017 9:06am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #29,149
- Jul 29, 2017 9:11am Jul 29, 2017 9:11am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #29,150
- Edited 2:07pm Jul 29, 2017 12:55pm | Edited 2:07pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
here is a euro chart .. light blue line is the prior days daily pivot. 1.7000 . we traded above it ... so could assumed OR breakout. I have not used pivots for years. Plenty of supply in this chart on the way up .... but trend was UP so no sells are allowed according to my rules. {image}
The trend is not just your friend; it's your lover. As the late, great, Tom Williams used to say, " A trend tends to go on longer than you think it should". We should not forget:
"In a way, the most interesting principle that Isaac Newton pointed out is that bodies have inertia; that is, that they tend to keep doing whatever it is they're already doing, unless some force acts to change them.
If a body is at rest, it tends to stay at rest. If a body is moving, it tends to keep moving-in the same direction and with the same velocity that it already has.
Einstein referred to this as 'laziness'. That is, a body tends to do the laziest thing possible-and the laziest thing possible is to continue to do whatever it's already doing. Making a change of any kind, either in direction or velocity, is far less lazy, and therefore not done, unless the curvature of space-time-what Newton would refer to as 'force'-compels it to do so.
The market is exactly the same, it tends to keep doing whatever it's already doing. If it's going UP with a certain velocity it will tend to keep doing that unless some force (buying or selling pressure) causes it to accelerate or decelerate. The same thing if it's going down. The same thing if it's doing nothing." - The Adam Theory of Markets, pg 56-57.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #29,151
- Jul 29, 2017 1:47pm Jul 29, 2017 1:47pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
{quote}
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- #29,154
- Jul 29, 2017 9:52pm Jul 29, 2017 9:52pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
{quote} 2 is better for me but don't listen me. I still think that price is most important info..besides above some bars you have VSA information; it doesn't make difference even you split chart on two : half for bars and half for volume...
interesting thing about the tg plug in is that it misses some key trading oops ... such as the low volume test you saw in the euro chart . So for me to see volume it's important .
at the end of the day if price action is important for you and you make money or having big arse volume window is important to me and I make money .. the key is the results not how you get there
some traders only trade a naked chart buying or selling support / resistance with tight stops and letting winners run .. 50 percent of the time they will be right and 50 percent wrong but if the r/r is 1:4 they will make money
so there are a million ways to get the results but the results are what's important
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- #29,156
- Jul 30, 2017 2:11am Jul 30, 2017 2:11am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
{quote}
- #29,157
- Jul 30, 2017 2:35am Jul 30, 2017 2:35am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #29,158
- Jul 30, 2017 2:43am Jul 30, 2017 2:43am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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