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Attachments: vsa with Malcolm
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vsa with Malcolm

GU and GJ best left alone I think!

Gold bulls came out as I thought - but let's hope it goes back down a bit before a big move up this afternoon (GMT) and tomorrow!
Quoting Mtinifx
GU and GJ best left alone I think! Gold bulls came out as I thought - but let's hope it goes back down a bit before a big move up this afternoon (GMT) and tomorrow!
I think they're trying to shake out the sellers with those spikes. I think Malcolm the other mentioned, that the upmoves are low volume and have selling background. I personally hold some shorts from 1.29 on GU and expecting a bigger drop before a reasonable pump.
Quoting GPetroff
{quote} I think they're trying to shake out the sellers with those spikes. I think Malcolm the other mentioned, that the upmoves are low volume and have selling background. I personally hold some shorts from 1.29 on GU and expecting a bigger drop before a reasonable pump.
You may very well be OK shorting GU from 1.2900 although at the moment it's going sideways

On Gold I've boxed the accumulation areas with their relevant purple volume bar/s (in my view anyway) with the breakouts northwards which are fairly easy to see on H4

This has to be the way to trade, guys - go with the flow!!
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This is the key:
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Quoting Mtinifx
{quote} I think he's using PVSRA I've posted everything below - seems quite useful {file}
any pdf for that? Cause I cant differentiate what color is for what action. Can you help me with that?
thanks
Quoting Mtinifx
{quote} You may very well be OK shorting GU from 1.2900 although at the moment it's going sideways On Gold I've boxed the accumulation areas with their relevant purple volume bar/s (in my view anyway) with the breakouts northwards which are fairly easy to see on H4 This has to be the way to trade, guys - go with the flow!! {image}
You are in the right track. When I see multiple climax bars in different directions next to each other I call it fight bars and I mark the high/low of those bars. A break above the high/low makes the direction. Sometimes they fake it but if it goes the other way instead its a strong move. Problem with that PVSRA sometimes it shows climax bars but low volume. Its easy to spot with the eye anyway. That PVSRA thread went into commercial section I dont know why and indicators are free. It used to be lively.
Be like water go with the flow
There's volume divergence at break of resistance though so careful. Might still go up just saying there is volume divergence. Might be because of news coming out in an hour. Me I'm bullish since Monday on gold. Hopefully this divergence fail.
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Be like water go with the flow
Quoting Novice321
{quote} any pdf for that? Cause I cant differentiate what color is for what action. Can you help me with that? thanks
Don't know myself! You can have a look on the PVSRA thread I suppose.
There is a PDF to PVSRA just find the thread do a FF search for sonic system. But me I don't use the sonic system I do use their volume indicator and applied it to my own system.
Be like water go with the flow
Quoting Novice321
{quote} any pdf for that? Cause I cant differentiate what color is for what action. Can you help me with that? thanks
looking for pvsra materials?
learning...
No clues as to which way the news is going to go - could be another down/up scenario I think!
Quoting Mtinifx
No clues as to which way the news is going to go - could be another down/up scenario I think!
Indecisive!!
markets have been acting very strange this week.... no clues on anything.... its almost like some major news event is coming down the pipeline thats going to tank the indexes .

professional money do not seem active in the markets.
Blogging daily now at www.volume.zone
Quoting malcolmb14
markets have been acting very strange this week.... no clues on anything.... its almost like some major news event is coming down the pipeline thats going to tank the indexes . professional money do not seem active in the markets.

I agree Malcomb 14 with the markets acting strange. But, I don't know if they are going to tank gold and crude. But a shakeout "temporary tanking" is very possible.

Watching closely.
Help Me Help You Help Us.
Did Powell said something shitty to the market? Whatever it is I laaayyyykkkk iitt gold going up more
Be like water go with the flow
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Blogging daily now at www.volume.zone
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To me if they hold it here at 1462-1463 I'm gonna look for buy setups again on Monday. Right now volume is dead as if Gold traders went on early Christmas vacation. Also, watching the weekly bar close. Seems they gonna close a doji if they hold it around here.
Be like water go with the flow
Quoting maflip
To me if they hold it here at 1462-1463 I'm gonna look for buy setups again on Monday. Right now volume is dead as if Gold traders went on early Christmas vacation. Also, watching the weekly bar close. Seems they gonna close a doji if they hold it around here.
Oh gee - I was looking short! Yes malcolm is right on it being a very strange and difficult week for Gold traders.
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