{quote} There was a very similair upthrust on the M15 though aswell. On M30 the upthrust closed above the HVZ low, so might not have been an entry if keeping it rule based. Malc, I was wanting to ask you mate (I asked a similair question a few weeks ago) ... You said you would enter off an increased volume upthrust. Would you also enter off a low volume upthrust? If the answer is yes to both, then are you simply entering off a hammer without a need for volume?
the 200 hp hammer will do the job but the 700 hp hammer will enable you to increase risk {quote} The answer is yes and no to the entering off a hammer. There are traders that only trade candle patterns and do ok I would have imagined. The addition of volume is like adding 500 hp to a 200 hp car
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{quote} I see a MACD divergence on Weekly, I see a overbought zones on almost every TF and the peak from February 2020 was reached. With or without reaching the top of April 2019, the pair will goes down. Otherwise Dollar index pointing down next week. That is just my opinion of course.
Yep also on Volume analysis seems to be a Bearish DIvergence, next week will say to us direction
{quote} Hi Malc, i see a bit different if i see the low volume up bar this week (till friday) i think there is still potential of down movement to horizontal lines (see pic). time will tell ... i dont trade ES ... but interesting to see what will happen next week ... i could be wrong ... The funny part is the last bar on your chart and my chart is totally different, on your chart highest volume, mine lower volume ... thats why sometimes i hate my broker because of the wrong volume information i took the wrong decision .... hahaha Happy nice weekend...
