Any one in here watching the EurJpy?
Massive SOS everywhere!
Massive SOS everywhere!
- #31,841
- Jul 19, 2018 10:29pm Jul 19, 2018 10:29pm
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #31,842
- Jul 27, 2018 4:43pm Jul 27, 2018 4:43pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Chart dump, thread bump...
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,844
- Edited Jul 30, 2018 2:54pm Jul 29, 2018 4:15pm | Edited Jul 30, 2018 2:54pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
{quote} Hi HG, how about the background, last 200-300 bars? speaking about EU: the SOW was only during Asia and UK open. Yesterday and day before yesterday after high volume bar (HVB) we saw higher prices for both days (also the SOS was there) so to my mind the background was quite strong, especially with those ultra high volume bars (UHVB) on 19.07. and 20.07 following up move. Whats your thought on that?
I believe an Ultra High Volume Bar impacts the next 25 bars more than the next 225 bars.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,845
- Aug 2, 2018 11:14am Aug 2, 2018 11:14am
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Up Thrust
Market makers are quite capable of generating an Up Thrust, which is a money making maneuver. The dynamics of an Up Thrust are interesting and quite brutal- the rapid up-move brings in buyers and catches stops. The traders who are already shorting (selling) the market, become alarmed and cover their positions. It is a common strategy to suddenly mark-up prices to catch the unwary. This action is seen after signs of weakness and frequently signals the start of a falling market. - Tom Williams, Master The Markets, pg 77.
Market makers are quite capable of generating an Up Thrust, which is a money making maneuver. The dynamics of an Up Thrust are interesting and quite brutal- the rapid up-move brings in buyers and catches stops. The traders who are already shorting (selling) the market, become alarmed and cover their positions. It is a common strategy to suddenly mark-up prices to catch the unwary. This action is seen after signs of weakness and frequently signals the start of a falling market. - Tom Williams, Master The Markets, pg 77.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,846
- Aug 3, 2018 2:10pm Aug 3, 2018 2:10pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
THE EVOLUTION OF GAVIN HOLMES
I recently attended a TradeGuider webinar and Gavin Holmes said something that showed his growth, or evolution, as a trader. He then reverted back to the Gavin of old, but I want to give him some props for the possible growth.
Gavin was asked, " What do you think x Market will do?".
Gavin replied, " I don't think. I don't get paid to think. I get paid to trade.".
I don't think Gold will do this. But if it does follow this path (and I could trade spot Gold), I would take the trade.......
Sharp Shooter:
(1) Identify the Ultra High Volume interval. This is the start of the distribution phase.
(2) Place a Trigger Line (Number) at the low of the Yao Ming bar.
(3) Wait for price to change behavior and trade below the Trigger Line.
(4) As price moves upwards from below the line, look for a SOW. ( Up Thrust, No Demand, Trap Up Move, 2 Bar Reversal, Supply Coming In, Squat, etc.)
(5) If price is below the Balance Point Line (BPL) and both Chart Modes I & II are red, get Short.
Keep evolving Gavin.
Worry less about making fantastical calls, and trade what you see.
I recently attended a TradeGuider webinar and Gavin Holmes said something that showed his growth, or evolution, as a trader. He then reverted back to the Gavin of old, but I want to give him some props for the possible growth.
Gavin was asked, " What do you think x Market will do?".
Gavin replied, " I don't think. I don't get paid to think. I get paid to trade.".
I don't think Gold will do this. But if it does follow this path (and I could trade spot Gold), I would take the trade.......
Sharp Shooter:
(1) Identify the Ultra High Volume interval. This is the start of the distribution phase.
(2) Place a Trigger Line (Number) at the low of the Yao Ming bar.
(3) Wait for price to change behavior and trade below the Trigger Line.
(4) As price moves upwards from below the line, look for a SOW. ( Up Thrust, No Demand, Trap Up Move, 2 Bar Reversal, Supply Coming In, Squat, etc.)
(5) If price is below the Balance Point Line (BPL) and both Chart Modes I & II are red, get Short.
Keep evolving Gavin.
Worry less about making fantastical calls, and trade what you see.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,847
- Aug 5, 2018 1:25am Aug 5, 2018 1:25am
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #31,848
- Aug 6, 2018 5:10pm Aug 6, 2018 5:10pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
#crickets
#NoLove
#VSAtraderstoobusymakingmoneytopost
#Newbiesdon'twanttolearnhowtotradetheyjustwantcalls
#NoLove
#VSAtraderstoobusymakingmoneytopost
#Newbiesdon'twanttolearnhowtotradetheyjustwantcalls
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,851
- Aug 9, 2018 10:58am Aug 9, 2018 10:58am
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Trying to imitate HiddenGap: (With one ddifference - i dont know how to use Accumulation/Distribution chart mode, because it's always positive, and you can't just >0 - green,<0 - red) {image}
Let the Open, High, Low, and Close prices at Index tt be denoted, respectively, as OtOt, HtHt, LtLt, and CtCt. Let the Volume at Index tt be denoted as VtVt, and let the Accumulation/Distribution Flow at Index tt be denoted as ADFtADFt.
The Accumulation/Distribution Flow is initialized to ADF0=5000ADF0=5000, and the values of ADFtADFt are computed for all values of t>0t>0. However, the values of ADFtADFt for t<nt<n are used only internally and not displayed as output. Only the values for t≥nt≥n are displayed.
If the Input Use Previous Close is set to No, then ADFtADFt is computed for t>0t>0 as follows.
ADFt={ADFt−1Ht−Lt=0ADFt−1+(Ct−Ot)(Ht−Lt)VtHt−Lt≠0ADFt={ADFt−1Ht−Lt=0ADFt−1+(Ct−Ot)(Ht−Lt)VtHt−Lt≠0
If the Input Use Previous Close is set to Yes, then ADtADt is computed for t>0t>0 as follows.
ADFt={ADFt−1Ht−Lt=0ADFt−1+(Ct−Ct−1)(Ht−Lt)VtHt−Lt≠0ADFt={ADFt−1Ht−Lt=0ADFt−1+(Ct−Ct−1)(Ht−Lt)VtHt−Lt≠0
Note: In either case, the values of ADFtADFt are only displayed for t≥nt≥n. The values for 0≤t<n−10≤t<n−1 are not displayed as output, but rather are stored internally for the purpose of computing the average, which we describe next.
The average of ADFtADFt at chart bar tt is computed as a Simple Moving Average of Moving Average Length nn. The value of this average at Index tt is denoted as ¯¯¯¯¯¯¯¯¯¯¯¯¯ADFt(n)ADF¯t(n), and it is calculated for t≥nt≥n as follows.
¯¯¯¯¯¯¯¯¯¯¯¯¯ADFt(n)=MAt(ADF,n)ADF¯t(n)=MAt(ADF,n)
In the above formula, ADFADF is a random variable denoting the Accumulation/Distribution Flow.
In short:
Accumulation/Distribution creates a running total. Accumulation/Distribution Flow creates a simple moving average of said total (I use 38) and subtracts them. This will give you >0,=0, <0 outputs.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,853
- Aug 10, 2018 12:27pm Aug 10, 2018 12:27pm
I'm not sure why, but before I never really payed attention to news and when it will be released. These days I just trade around heavy news events, makes life easier with what and when to trade and not having to be glued to the charts.
The TP zone from the previous post is different, in the previous post the zone didn't snap correctly. Second taking a look at Daily chart, today is pushing up and through the up thrust from the 8th. Looks fairly bullish to me, so I took a partial profit and letting the trade run. Happy weekend.
The TP zone from the previous post is different, in the previous post the zone didn't snap correctly. Second taking a look at Daily chart, today is pushing up and through the up thrust from the 8th. Looks fairly bullish to me, so I took a partial profit and letting the trade run. Happy weekend.
- #31,854
- Aug 10, 2018 1:36pm Aug 10, 2018 1:36pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Albern, thank you for posting, and nice trade.
In the spirit of learning and community discussion, my take is a little different.
I would not have gotten in on the interval you did. The bar you labeled as a "Test in a Rising Market" is actually "No Demand". "No Demand" which fails to confirm, but "No Demand" nonetheless. I would agree that the interval is a great place to see a "Test"-immediately following a 2 Bar Reversal.
LET ME SAY THIS IN NO UNCERTAIN TERMS: THE TRADEGUIDER SOFTWARE SUCKS. YOU DO NOT NEED TO BUY/LEASE IT.
I understand that some things will be missed, but TG missed the obvious Shake Out (at least it's obvious to anybody that has read or participated in this thread or Master the Markets), and it missed the 2 Bar Reversal. It did spot the No Demand. You do not need TG to learn to read the charts. Read and ask questions here, and put the money into a live account.
But I digress. Here's a chart of how I saw it.
"No Demand" it typically an UP bar with a narrow range on volume less than the previous 2 bars. The bar I marked as a "Test" is also an UP bar, however, note that it makes a lower low than the previous bar before closing in its upper range on volume less than the previous 2 bars.
In the spirit of learning and community discussion, my take is a little different.
I would not have gotten in on the interval you did. The bar you labeled as a "Test in a Rising Market" is actually "No Demand". "No Demand" which fails to confirm, but "No Demand" nonetheless. I would agree that the interval is a great place to see a "Test"-immediately following a 2 Bar Reversal.
LET ME SAY THIS IN NO UNCERTAIN TERMS: THE TRADEGUIDER SOFTWARE SUCKS. YOU DO NOT NEED TO BUY/LEASE IT.
I understand that some things will be missed, but TG missed the obvious Shake Out (at least it's obvious to anybody that has read or participated in this thread or Master the Markets), and it missed the 2 Bar Reversal. It did spot the No Demand. You do not need TG to learn to read the charts. Read and ask questions here, and put the money into a live account.
But I digress. Here's a chart of how I saw it.
"No Demand" it typically an UP bar with a narrow range on volume less than the previous 2 bars. The bar I marked as a "Test" is also an UP bar, however, note that it makes a lower low than the previous bar before closing in its upper range on volume less than the previous 2 bars.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,855
- Aug 10, 2018 2:09pm Aug 10, 2018 2:09pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Names don't matter, but...........................
I have to admit that I do like seeing indications of strength and weakness on my charts (i.e. arrows or triangles) for quick interpretation. Unfortunately, I can not program in Sierra Charts programming language, so I was forced to get Trade Guider. Plus, they offered me a substantial discount. I don't know if it was because they knew who I was, or if it was because they knew I posted on Malcolm's thread, but it was very big. BUT TG IS NOT WORTH IT AT ANY PRICE.
Anybody that participates in this thread soon understands that "No Demand" is a narrow range UP bar on volume less than the previous 2 bars. The more advanced also know that sometimes the volume will be low, but not necessarily less than the previous 2. But it will be on volume less then the prior bar and lower than average.
Take a look at the chart.
Anyone that sees this bar as "No Demand" is in complete error. As is the TG software.
We can call this bar by a few names:
(1) Buying Climax
(2) Supply Coming In
(3) Selling Pressure
(4) Supply Swamping Demand
(5) Climatic Action
(6) SOW
But to call a Wide Range UP bar on increasing volume that is climatic, "No Demand", is just wrong. The software routinely makes such errors.
Please do not think that because HiddenGAP uses TG, he is now "in their camp". I am more against the use of TG than ever before.
I have to admit that I do like seeing indications of strength and weakness on my charts (i.e. arrows or triangles) for quick interpretation. Unfortunately, I can not program in Sierra Charts programming language, so I was forced to get Trade Guider. Plus, they offered me a substantial discount. I don't know if it was because they knew who I was, or if it was because they knew I posted on Malcolm's thread, but it was very big. BUT TG IS NOT WORTH IT AT ANY PRICE.
Anybody that participates in this thread soon understands that "No Demand" is a narrow range UP bar on volume less than the previous 2 bars. The more advanced also know that sometimes the volume will be low, but not necessarily less than the previous 2. But it will be on volume less then the prior bar and lower than average.
Take a look at the chart.
Anyone that sees this bar as "No Demand" is in complete error. As is the TG software.
We can call this bar by a few names:
(1) Buying Climax
(2) Supply Coming In
(3) Selling Pressure
(4) Supply Swamping Demand
(5) Climatic Action
(6) SOW
But to call a Wide Range UP bar on increasing volume that is climatic, "No Demand", is just wrong. The software routinely makes such errors.
Please do not think that because HiddenGAP uses TG, he is now "in their camp". I am more against the use of TG than ever before.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,858
- Aug 11, 2018 2:39pm Aug 11, 2018 2:39pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Gold (XAU/USD 15 MIN.) is weak.
This is not a prediction, but what we would want to see for a SHARP SHOOTER Short entry.
This is not a prediction, but what we would want to see for a SHARP SHOOTER Short entry.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,859
- Aug 11, 2018 3:19pm Aug 11, 2018 3:19pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
{quote} I'm sure you remember those old webinars with Tom Williams, he said multiple times that the human eye is much better at reading the charts than any computer. I'm quite happy with VZA zones, but I might play around with this some. I have a question though if you don't mind, whats your opinion on trading off absorption bars? Do you find them too risky of a setup or do they have a place in your toolbox? {image}
Without VSA, you're playing checkers while the Smart Money plays chess.
- #31,860
- Aug 11, 2018 3:57pm Aug 11, 2018 3:57pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
The USD/JPY 15 MIN. chart is weak.
This is not a prediction, just what we would want to see for a high probability SHARP SHOOTER Short entry.
This is not a prediction, just what we would want to see for a high probability SHARP SHOOTER Short entry.
Without VSA, you're playing checkers while the Smart Money plays chess.