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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #150,741
  • Dec 22, 2008 10:08am Dec 22, 2008 10:08am
eurjpy .. vsa sell trigger on 5 min off top channel ..

high vol 5 min bar loaded with sellers

now i would like to see
1) low spread , low volume test of 126
2) low volume doji like bar pushing into new high ground above 126 ( no demand bar)
3) straight breakdown of 125.5

Attached Image (click to enlarge)
Click to Enlarge Name: ym30.png Size: 117 KB
Blogging daily now at www.volume.zone
  • #150,742
  • Dec 22, 2008 10:17am Dec 22, 2008 10:17am
Quoting malcolmb14
eurjpy .. vsa sell trigger on 5 min off top channel ..

high vol 5 min bar loaded with sellers

now i would like to see
1) low spread , low volume test of 126
2) low volume doji like bar pushing into new high ground above 126 ( no demand bar)
3) straight breakdown of 125.5

Attachment
It's a dangerous game ..me think M . .playing 5 min vol ..
  • #150,743
  • Dec 22, 2008 10:18am Dec 22, 2008 10:18am
Quoting karmostaji
I'll let you know
does 125 sound reasonable to you, we should bounce off there.

on weekly.
  • #150,744
  • Dec 22, 2008 10:20am Dec 22, 2008 10:20am
Quoting junglelion
does 125 sound reasonable to you, we should bounce off there.

on weekly.
i have a short in place with 125.50 exit
  • #150,745
  • Dec 22, 2008 10:22am Dec 22, 2008 10:22am
for eurusd 3672 looks reasonable for now.
  • #150,746
  • Dec 22, 2008 10:24am Dec 22, 2008 10:24am
Quoting junglelion
does 125 sound reasonable to you, we should bounce off there.

on weekly.
125 is the common target on 4 hour. daily, weekly and monthly.
  • #150,747
  • Dec 22, 2008 10:27am Dec 22, 2008 10:27am
covered all shorts just not feeling the love
"Millionaires don't use astrology, billionaires do"
  • #150,748
  • Dec 22, 2008 10:34am Dec 22, 2008 10:34am
Quoting mktjong
It's a dangerous game ..me think M . .playing 5 min vol ..

volume is volume ... no matter the time frame.

the guys over at Tradeguider are pro traders .. they trade 7 min charts....if they can do it and manage an 80 million hedge fund ...why can't we ..

seems to be working for me. got the low volume test of 125.80 I was looking for and a nice little short with a 25 pips stop and 38 pips profit off table already.

GBPCAD in a lovely 100 pip channel right now. ... also working nicely.

also 5 min volume on eurjpy right now has lower volume on up bars than down bars .... means sell the rallies. ...

Dr Geppy is an expert at this VSA stuf ... I am learning more and more every day and reading the same old ' Master the Markets ' book over and over
Blogging daily now at www.volume.zone
  • #150,749
  • Dec 22, 2008 10:38am Dec 22, 2008 10:38am
Quoting junglelion
125 is the common target on 4 hour. daily, weekly and monthly.
Please share your scalping templat
  • #150,750
  • Dec 22, 2008 10:39am Dec 22, 2008 10:39am
Quoting malcolmb14
eurjpy .. vsa sell trigger on 5 min off top channel ..

high vol 5 min bar loaded with sellers

now i would like to see
1) low spread , low volume test of 126
2) low volume doji like bar pushing into new high ground above 126 ( no demand bar)
3) straight breakdown of 125.5

Attachment

here is how the high volume down bar played out

option 1 ... planned and traded

Attached Image (click to enlarge)
Click to Enlarge Name: ym31.png Size: 114 KB
Blogging daily now at www.volume.zone
  • #150,751
  • Dec 22, 2008 10:48am Dec 22, 2008 10:48am
Quoting malcolmb14
reading the same old ' Master the Markets ' book over and over
The Tom williams book? Have you got a pdf copy?
Money & Pain Respect the market, protect your capital, be patient
  • #150,752
  • Dec 22, 2008 10:50am Dec 22, 2008 10:50am
Quoting toyboy tramp
The Tom williams book? Have you got a pdf copy?

important you check PM and email me today ...
Blogging daily now at www.volume.zone
  • #150,753
  • Dec 22, 2008 10:53am Dec 22, 2008 10:53am
Quoting toyboy tramp
The Tom williams book? Have you got a pdf copy?

read it many times and then anually to keep u humble, and be ready to have your whole preception of markets erased while u stand on your head
"Millionaires don't use astrology, billionaires do"
  • #150,754
  • Dec 22, 2008 10:54am Dec 22, 2008 10:54am
Quoting gav
Please share your scalping templat
Murrey_Math_Line_X.mq4
  • #150,755
  • Dec 22, 2008 11:00am Dec 22, 2008 11:00am
Quoting malcolmb14
here is how the high volume down bar played out

option 1 ... planned and traded

Attachment
Hi malcolmb I'm following your charts and VSA examples ... I'm going through that book too.

I was just looking at GU 30M chart. It seems to me that the last bar (pin) was accompanied with higher volume than previous bars while finishing a downtrend with a double bottom formation. A morning star pattern is also going to form after this candle close which strengthens the idea of the buyers coming back.

I think this is what you call buying pressure which can push the price up and change the trend ... am I right?

BTW my volume is not as precise as yours for I'm not using esignal so I didn't send chart.

I'm learning this. What is your idea?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #150,756
  • Dec 22, 2008 11:05am Dec 22, 2008 11:05am
Quoting junglelion
does 125 sound reasonable to you, we should bounce off there.

on weekly.
we need a break of 132.30 first
Trade what you see, not what you think.
  • #150,757
  • Dec 22, 2008 11:06am Dec 22, 2008 11:06am
Quoting arezab
Hi malcolmb I'm following your charts and VSA examples ... I'm going through that book too.

I was just looking at GU 30M chart. It seems to me that the last bar (pin) was accompanied with higher volume than previous bars while finishing a downtrend with a double bottom formation. A morning star pattern is also going to form after this candle close which strengthens the idea of the buyers coming back.

I think this is what you call buying pressure which can push the price up and change the trend ... am I right?

BTW my volume is not as precise...

that is called stopping volume....look in the glossary of your master the markets book

The volume was slightly higher than the previous 2 bars....and the candle closedi n the upper half . The next bar was up. Only professional buying into the weakness can do this
Blogging daily now at www.volume.zone
  • #150,758
  • Dec 22, 2008 11:07am Dec 22, 2008 11:07am
Quoting malcolmb14
that is called stopping volume....look in the glossary of your master the markets book

The volume was slightly higher than the previous 2 bars....and the candle closedi n the upper half . The next bar was up. Only professional buying into the weakness can do this
chart for previous post

Attached Image (click to enlarge)
Click to Enlarge Name: ym32.png Size: 100 KB
Blogging daily now at www.volume.zone
  • #150,759
  • Dec 22, 2008 11:12am Dec 22, 2008 11:12am
Quoting OrionsWay
read it many times and then anually to keep u humble, and be ready to have your whole preception of markets erased while u stand on your head
Will do, thanks Milk Bar Kid, I guess an e-signal subscription is required to implement this trading technique.
Money & Pain Respect the market, protect your capital, be patient
  • #150,760
  • Dec 22, 2008 11:12am Dec 22, 2008 11:12am
Quoting malcolmb14
chart for previous post

Attachment
Thanks for explanation mate ... I'm still a beginner in this
Discipline + Patience - Fear - Greed = Success
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