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On Point

  • #1,701
  • Jan 28, 2021 10:04am Jan 28, 2021 10:04am
Correlation, sale and purchase, is it possible? What is the best time frame to look for correlation?
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  • #1,702
  • Jan 28, 2021 10:12am Jan 28, 2021 10:12am
Quoting orderblock
waiting for reaction ... is consolidated {image}

lucky
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  • #1,703
  • Jan 28, 2021 10:30am Jan 28, 2021 10:30am
Quoting sharingan9
{quote} I also got in on NU nice catch bruvv. Price is at the WPP now though im hoping it breaks through it as it did the monthly. Daily is also above.
I wonder why price has stalled its rally at .7165 when there was such limited volume of trades at this level hmmmm. I wonder what that level could be? *cough, weekly pivot, cough* lol.

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  • #1,704
  • Jan 28, 2021 11:07am Jan 28, 2021 11:07am
NU now approaching .7182 level.... hopefully its a break but it could be a nice level for take profits so i expect a down move. profits locked either way

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  • #1,705
  • Jan 28, 2021 11:29am Jan 28, 2021 11:29am
Quoting sharingan9
{quote} I wonder why price has stalled its rally at .7165 when there was such limited volume of trades at this level hmmmm. I wonder what that level could be? *cough, weekly pivot, cough* lol. {image}
Why did it stall at .7500 also lol
  • #1,706
  • Jan 28, 2021 11:41am Jan 28, 2021 11:41am
@kette can you answer to post #1697

Also wags or kette is this a legit youtube video about market profile
Inserted Video
?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,707
  • Jan 28, 2021 11:53am Jan 28, 2021 11:53am
Quoting Wags
{quote} Why did it stall at .7500 also lol
Supply lol. Im not advocating that the pivot is the only reason why price may turn nor would i trade off of just a pivot level or poc or any s/r level alone. I am just sayin pivots and pocs are places where price may turn. Definitely not going to make the mistake of overrating the rejection power of pivots again ahah. I use pivots for a confirmation of the turn at these levels. I would never trade a blind bounce at a level ya know. Gotta see that nice turn and change in sentiment and any level can be the reason why a turn happens, i dont care if its news, large fund, big bank, poc, pivot whatever. As long as it can be confirmed im happy enough haha. cheers
  • #1,708
  • Jan 28, 2021 11:56am Jan 28, 2021 11:56am
NU update. its at .7182. If ur in this one start dragging ur stops just in case there is a turn. cheers

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Hope it breaks right through the level tho haha
  • #1,709
  • Jan 28, 2021 12:12pm Jan 28, 2021 12:12pm
Quoting sharingan9
NU update. its at .7182. If ur in this one start dragging ur stops just in case there is a turn. cheers {image} Hope it breaks right through the level tho haha
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  • #1,710
  • Jan 28, 2021 12:28pm Jan 28, 2021 12:28pm
Hey gang,

$ under pressure today as stocks recover. Got myself a free ride south on UCHF. Hopefully, there's more downside tomorrow, but it's also the last trading day of the month, so could be hectic.
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Timing Direction Strength
  • #1,711
  • Jan 28, 2021 12:37pm Jan 28, 2021 12:37pm
Quoting Wags
{quote} {image}
nice. thats my point doesnt matter the level what matters is what price does at that level. I mean where do you think the NZD pairs are bouncing from lol

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Monthly pivot man. But i would NOT trade without confirmation of a turn. I dont care if its monthly pivot or Gods will, i better get confirmation on a turn haha
  • #1,712
  • Jan 28, 2021 12:44pm Jan 28, 2021 12:44pm
Quoting Degolep
@kette can you answer to post #1697 Also wags or kette is this a legit youtube video about market profile https://youtu.be/LfD8QpGjlQY ?

don't get me wrong, I don't have the time for something like that, nor do I care
the network is full of it
  • #1,713
  • Jan 28, 2021 12:49pm Jan 28, 2021 12:49pm
Quoting Degolep
@kette can you answer to post #1697 Also wags or kette is this a legit youtube video about market profile https://youtu.be/LfD8QpGjlQY ?

had previously written post 1677
Messages pending I'm out
  • #1,714
  • Jan 28, 2021 12:59pm Jan 28, 2021 12:59pm
Quoting finessence
Hey gang, $ under pressure today as stocks recover. Got myself a free ride south on UCHF. Hopefully, there's more downside tomorrow, but it's also the last trading day of the month, so could be hectic. {image}
nice gains bruv
  • #1,715
  • Jan 28, 2021 1:54pm Jan 28, 2021 1:54pm
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  • #1,716
  • Jan 28, 2021 3:25pm Jan 28, 2021 3:25pm
Quoting hefer
{image}
Could you explain a bit why did you enter to buy? Your entries are perfect.

I guess S38 pivot and ?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,717
  • Jan 28, 2021 3:41pm Jan 28, 2021 3:41pm
Selling GU

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  • #1,718
  • Jan 28, 2021 3:56pm Jan 28, 2021 3:56pm
Has anyone read this

https://www.ft.com/content/4f76d769-...3-1e54f7da6c19
  • #1,719
  • Edited 4:11pm Jan 28, 2021 3:57pm | Edited 4:11pm
Quoting netsrac
{quote} How do you calculate the VWAP? Mine is totally different.

What is Volume Weighted Average Price (VWAP)
The VWAP is the average price of all transactions within a trading session.
The VWAP indicator is calculated cumulatively, taking into account the volume traded during the course of the trading session. For this reason, you do not need to select a historical observation period.
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: mq4 XU-VWAP button.mq4   28 KB | 334 downloads
  • #1,720
  • Jan 28, 2021 4:14pm Jan 28, 2021 4:14pm
Quoting Wags
Has anyone read this https://www.ft.com/content/4f76d769-...3-1e54f7da6c19
funny what happens when the little guys organise themselves!!!!
Stay green!!!
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