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  • #641
  • Edited 10:57pm Feb 18, 2009 10:39pm | Edited 10:57pm
I missed most of Aisa, busy day.
BUT, coffee in hand, charts are up and back to busine$$.

Looks like some more sell action to come on e/u. May look to sell rallies.
  • #642
  • Feb 18, 2009 11:03pm Feb 18, 2009 11:03pm
short g/j 133.31, vlme shows no buyers in sight.
  • #643
  • Feb 18, 2009 11:16pm Feb 18, 2009 11:16pm
Quoting Petefaders
short g/j 133.31, vlme shows no buyers in sight.
out +22


Daily pips: +22
reset, 1st trade
  • #644
  • Feb 18, 2009 11:17pm Feb 18, 2009 11:17pm
Hi Pete,

good call!

I saw the drying up of buy volume. Besides that, did you also consider the exhaustion candle at 0554hrs and the spike in sell volume at 0601hrs in your decision to sell?

Thanks
  • #645
  • Feb 18, 2009 11:32pm Feb 18, 2009 11:32pm
Quoting Sabre33
Hi Pete,

good call!

I saw the drying up of buy volume. Besides that, did you also consider the exhaustion candle at 0554hrs and the spike in sell volume at 0601hrs in your decision to sell?

Thanks
Yep, both those things were good signs. My deal was, finally got settled in (I had to go back and help the wife fall asleep), looked at large time frames first, as I do. saw this serious resistance..any decent trader sees this rediculas sell setup..zoomed into 1min vlme, saw the volume "situation" (he he) and said "I gotta get in on this before it pops"
probably more info than you wanted, lol. But after being a vlme scalper for about 6 months now, I spotted this quikly, can't say this candle or that candle..it was just noooo buyers with volume...a volume scalpers Van Gough, so to speak.


EDIT: Sabre did you learn what you posted from me? Are you getting it? That it very satisifying to me for some reason, lol...how long you been trading?
  • #646
  • Feb 18, 2009 11:44pm Feb 18, 2009 11:44pm
First sign of buyers here, candle :39 and :43
  • #647
  • Feb 18, 2009 11:52pm Feb 18, 2009 11:52pm
Quoting Petefaders
First sign of buyers here, candle :39 and :43
See? forex need not be a mystery anymore.
  • #648
  • Feb 18, 2009 11:59pm Feb 18, 2009 11:59pm
short g/j 133.17
  • #649
  • Feb 19, 2009 12:02am Feb 19, 2009 12:02am
Do you see what I see?
  • #650
  • Feb 19, 2009 12:02am Feb 19, 2009 12:02am
Hey Pete'
Good call on the PoundYen short. I was wondering, you mentioned to me one time about using goldminer2 with the volumes on top of that. I have it set up that way, but I have a question.
If I remove the goldminer, the MT4 volumes still look the same.
Is there something you are looking at with the Goldminer there?
Would it be just as well to leave the goldminer out??

Thanks
  • #651
  • Edited 12:21am Feb 19, 2009 12:09am | Edited 12:21am
out +7, g/j..stuck at 50ma


Daily pips: +29
(2 trades)
  • #652
  • Feb 19, 2009 12:10am Feb 19, 2009 12:10am
Quoting price
Hey Pete'
Good call on the PoundYen short. I was wondering, you mentioned to me one time about using goldminer2 with the volumes on top of that. I have it set up that way, but I have a question.
If I remove the goldminer, the MT4 volumes still look the same.
Is there something you are looking at with the Goldminer there?
Would it be just as well to leave the goldminer out??

Thanks
No you don't need the goldminer. I use it for history, not entries. It helps to generalize the price direction when I look back at past volume.
  • #653
  • Feb 19, 2009 12:38am Feb 19, 2009 12:38am
short 133.27
  • #654
  • Feb 19, 2009 1:13am Feb 19, 2009 1:13am
It's like half are buying, half are selling..bad place to be in a trade, lol.
  • #655
  • Feb 19, 2009 1:27am Feb 19, 2009 1:27am
Quoting Petefaders
short 133.27
out -16, geez, on to the next one..I stayed in too long, but price seemd blown up with no sustaining volume. I could have added up there, but didn't want to loose more if I was wrong, so be it.



Daily pips: +13
  • #656
  • Feb 19, 2009 1:31am Feb 19, 2009 1:31am
Resistance at 133.87, lets see what happens...
  • #657
  • Feb 19, 2009 1:38am Feb 19, 2009 1:38am
I think my broker is getting pissed, lol..I hear thay don't like scalpers. My live account chart is a fuggly mess, compared to my mt4 chart.
  • #658
  • Feb 19, 2009 1:47am Feb 19, 2009 1:47am
long 134.05
  • #659
  • Feb 19, 2009 1:58am Feb 19, 2009 1:58am
long second position, 134.00
  • #660
  • Feb 19, 2009 1:59am Feb 19, 2009 1:59am
Quoting Petefaders
long second position, 134.00
out +9, holding second position.
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