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

  • #163,601
  • Mar 3, 2009 4:41pm Mar 3, 2009 4:41pm
Quoting Gull
136.77 come on baby
soon then I can sleep
Timing is everything
  • #163,602
  • Mar 3, 2009 4:42pm Mar 3, 2009 4:42pm
Quoting malcolmb14
If we see low volume on the test of this area then the chances are 137.40 will be bought as the market is doing a low volume ' test ' of previous lows .... meaning that no pros are really selling and market makers are probing to see if there are any interested sellers under support.


now if price moves down into support with increasing volume on the 3 min / 5 min charts , this means that there are pros in the market and support may well cave in .
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and what about if we see decreasing volume as it approaches that support and on the support a high volume pen bar appears? does that also mean that support may cave in?
I recommend you read something else as this sentence is now concluded.
  • #163,603
  • Mar 3, 2009 4:42pm Mar 3, 2009 4:42pm
Quoting malcolmb14
drunken trading .. nothing like it !!!
...
Yes, I am a fan of drunken trading also! Thanks for the analysis Malcolm, I am still learning this scalping stuff along with VSA... Takes awhile to sink in for me...
  • #163,604
  • Mar 3, 2009 4:48pm Mar 3, 2009 4:48pm
Quoting OrionsWay
P the bigger ? is why is there a bid, who is buying it and why
Mate, the timing, that is what tells me that someone keep buying durring NYSE session.. and after the close a big DROP of over 100 points.. Cant remember on something like that lately..

That is why, Im saying I wait on Tokyo reaction, but as far I see, we go to 136.50 before anything else..

137.40 was a well kept level all NY session, as Ema50 and Gann on 1H, with WPP... now, EMA 50 [4H]

let see it does is still active
  • #163,605
  • Mar 3, 2009 4:50pm Mar 3, 2009 4:50pm
Quoting Obaidah
and what about if we see decreasing volume as it approaches that support and on the support a high volume pen bar appears? does that also mean that support may cave in?

read back what you wrote .. then draw it down on paper .....

pin bar on high vol means selling climax ..... buyers hitting the market... 99% of the time , when you see this wait for candle to end and then look for strength on next candle
Blogging daily now at www.volume.zone
  • #163,606
  • Mar 3, 2009 4:51pm Mar 3, 2009 4:51pm
and, something to keep in mind...

comparing the pattern from last year 10/30/08 and now....
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  • #163,607
  • Mar 3, 2009 4:52pm Mar 3, 2009 4:52pm
Quoting malcolmb14
read back what you wrote .. then draw it down on paper .....

pin bar on high vol means selling climax ..... buyers hitting the market... 99% of the time , when you see this wait for candle to end and then look for strength on next candle
yea that was stupid! now i understand, thanks

edit: and that would be the same if it closes in the middle too right?
I recommend you read something else as this sentence is now concluded.
  • #163,608
  • Mar 3, 2009 4:55pm Mar 3, 2009 4:55pm
Quoting Obaidah
and what about if we see decreasing volume as it approaches that support and on the support a high volume pen bar appears? does that also mean that support may cave in?

On previous support area taht was formed on hi volume will most likely be tested again and again and again until there is no more buying if bearish or no more selling if bullish, a lo volume test is showing no demand, makret seems ripe to expand. for they wont fight the market, they wll exhaust it first at cheaper prices. this is also true on a hi volume bar narrow spread. this shows demand or supply has been overcome and reversals are imminent. Pin bars are ususally tested at some point if on hi volume if on lo volume this is a sign of exhaustion if that close is on the lo and and the prior bars are normal volume behind it this shows a climax of a sort, everyone wanting out and they allowed it to happen for basement prices soemtimes it can men other things also but in the pricture i described its a close of current direction, for time being. VSA is useless for a current bar it requires near by history as well as further out history, for each tells another piece of the story
"Millionaires don't use astrology, billionaires do"
  • #163,609
  • Mar 3, 2009 4:56pm Mar 3, 2009 4:56pm
Quoting quecee5
Not everybody, been posting that same daily chart for about a week now. . . I hear you and I'm with you on this one. . .
This is what I wait On:
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  • #163,610
  • Mar 3, 2009 5:02pm Mar 3, 2009 5:02pm
Quoting Obaidah
yea that was stupid! now i understand, thanks

edit: and that would be the same if it closes in the middle too right?

if we get high volume candle , closing in the middle , at recent support , it indicates some buying interest. You have to wait to see what the next couple of candle shows. Typically if i see this I like to see 2 or three candles up on 5 min ending in a no demand bar for re shorting. ....

see chart below

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Blogging daily now at www.volume.zone
  • #163,611
  • Mar 3, 2009 5:06pm Mar 3, 2009 5:06pm
OB

here is a low volume test and an easy pick up of 20 pips or more ...

Attached Image
Blogging daily now at www.volume.zone
  • #163,612
  • Mar 3, 2009 5:07pm Mar 3, 2009 5:07pm
these types of combo's are a good sign of BID evapourating if market rising and opposite offer if falling, look backwards to confirm. sometimes its a fake if history doesnt indicate such
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"Millionaires don't use astrology, billionaires do"
  • #163,613
  • Mar 3, 2009 5:10pm Mar 3, 2009 5:10pm
surely a no brainer long here

selling climax no supply lo volume doji, surely price screams higher and look what happened

they knew it was safe to bid it up again
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"Millionaires don't use astrology, billionaires do"
  • #163,614
  • Mar 3, 2009 5:10pm Mar 3, 2009 5:10pm
clear enough, OrionsWay and malcolmb14, thank you guys
I recommend you read something else as this sentence is now concluded.
  • #163,615
  • Mar 3, 2009 5:13pm Mar 3, 2009 5:13pm
Quoting Obaidah
clear enough, OrionsWay and malcolmb14, thank you guys


when scalping .... all indicators are to late .. move is done by the time they turn

volume / prcie action and candles are the only way to go .... VSA is one way to bring it all together
Blogging daily now at www.volume.zone
  • #163,616
  • Mar 3, 2009 5:21pm Mar 3, 2009 5:21pm
Quoting malcolmb14
when scalping .... all indicators are to late .. move is done by the time they turn

volume / prcie action and candles are the only way to go .... VSA is one way to bring it all together
i know that, actually, even though i dont have much knowledge about it, i've turned to a profitable trade with 55% and 1:2 RR, i've dumped most of the indicators but still use CCI on H1 and QQE on M30 in order to decide the exit,

today i've also noticed that it was a big mistake to stop looking at PA when your trade is open even if its in profit,

thank you guys
I recommend you read something else as this sentence is now concluded.
  • #163,617
  • Mar 3, 2009 5:22pm Mar 3, 2009 5:22pm
Quoting Obaidah
clear enough, OrionsWay and malcolmb14, thank you guys
Its just a manipulation of energy really, who has it and when is it finished. 1 single timeframe doesnt paint a very good picture though should accompany several to get a real good picture

and the great thing is u know exactly where to put a stop if st trading right under no supply or over no demand at least near term. Now upthrusts are a different story, can come anytime they chose but ussually not unless they have 100% conviction for the mjor swing, that is the last move to take easy money and move the market. if u see them, safe to say that swing hi point is top near term. Shake out the weak and kill the early traders
"Millionaires don't use astrology, billionaires do"
  • #163,618
  • Mar 3, 2009 5:40pm Mar 3, 2009 5:40pm
mal and orion,

pls continue to post more examples as we go along. the last few posts that you had were very good for myself.

thank you.
  • #163,619
  • Mar 3, 2009 5:49pm Mar 3, 2009 5:49pm
Quoting hwsv07
mal and orion,

pls continue to post more examples as we go along. the last few posts that you had were very good for myself.

thank you.

I will help if i can, but really everyone already knows this stuff, u all just need to change the way your minds are wired. The way we see things, is and alway has been the exploitation of weakness by professional money. So think like them and win
"Millionaires don't use astrology, billionaires do"
  • #163,620
  • Mar 3, 2009 5:50pm Mar 3, 2009 5:50pm
just a quick one:

what if PA went on higher at even lower volume if after it has successfully tested the lows? what would that signify?
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