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  • #1,021
  • Apr 27, 2009 2:20pm Apr 27, 2009 2:20pm
Quoting FOREXflash
This will be a good short on GJ......same thing on 15min TF!

already got that ...141.40 is break of the ltl..... we may see this in Asian session
Blogging daily now at www.volume.zone
  • #1,022
  • Apr 27, 2009 2:50pm Apr 27, 2009 2:50pm
I have read Master the Markets but am still confused in one area. This book uses the Stock Market to demonstrate VSA principles but what I would like to know is to what extent Forex follows the same principles. With Forex you trade a currency pair and I had supposed that the characteristics of a downtrend was much the same as the uptrend only in reverse However there are many examples in the book that suggest otherwise

eg

Bull markets usually rise slowly, but rise persistently, unlike bear markets that fall rapidly. This slower rise seen in bull markets
is caused in part by locked-in traders selling on any small rally (resistance to the up-move).

So should I view downtrends differently from uptrends or assume that the points made for uptrends also apply equally to downtrends And what about a ranging Market that follows the Uptrend / Downtrend Do these also exhibit different characteristics in Forex

Thanks
  • #1,023
  • Apr 27, 2009 2:50pm Apr 27, 2009 2:50pm
Quoting malcolmb14
you missed the most important thing .... draw a line across volume on the up move .... bearish volume divergence ... simple. You shuld have been expecting the drop without the bullish buying volume

i did trade the short side of eu ... it was a nice set up got out about 90 pips to early. ...
I am not so sure here. Usually there is less activity that time of day. See examples below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu15m.gif Size: 21 KB
Click to Enlarge Name: gu15m.gif Size: 19 KB
  • #1,024
  • Apr 27, 2009 4:05pm Apr 27, 2009 4:05pm
Quote
Originally Posted by malcolmb14 http://www.forexfactory.com/images/buttons/viewpost.gif
you missed the most important thing .... draw a line across volume on the up move .... bearish volume divergence ... simple. You shuld have been expecting the drop without the bullish buying volume

i did trade the short side of eu ... it was a nice set up got out about 90 pips to early. ...

Malcomb..

as I am still trying to get all of this straight, would i be correct in my interpretation of this on the GPBUSD chart below?

Thank You for your time, it really helps...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Divergences_2009-04-27_1452.png Size: 57 KB
Continuous periods of Total Misunderstanding followed by Complete Confusion
  • #1,025
  • Apr 27, 2009 4:16pm Apr 27, 2009 4:16pm
Quoting ClueLess
Malcomb..

as I am still trying to get all of this straight, would i be correct in my interpretation of this on the GPBUSD chart below?

Thank You for your time, it really helps...

Cheers

It's not really bullish or bearish divergence as you have indicated on your chart. Just increasing volume or decreasing volume on the move. Decreasing volume on a down move for instance could signal that SM is not interested in seeing the price lower and typically an up move will occur.

Volume decreasing is nearly always a sign of lack of interest in the move.

It depends of course on time of day and average volume for the period. Sometimes it's just low volume because there isn't much happening so you need to be aware of these times.

PS there are much clearer signals in your chart than what you are looking for.
The trend always ends.
  • #1,026
  • Edited 4:45pm Apr 27, 2009 4:38pm | Edited 4:45pm
Quoting malcolmb14
slightly wrong on the no demand .. in fact the 2 candles to the left of the candle you ticked are reversal after effort to rise
Do u think the bar I highlighted is not a NO DEMAND BAR?
I Think it is.

Lubo.

P.s. the 2 previus up bar aren't so great effort to rise, if u look their volume is less then 3 prev down bars.
If I know how, I tell You!! Few but Good!!
  • #1,027
  • Apr 27, 2009 4:40pm Apr 27, 2009 4:40pm
Quoting ClueLess
Malcomb..

as I am still trying to get all of this straight, would i be correct in my interpretation of this on the GPBUSD chart below?

Thank You for your time, it really helps...

Cheers

put is this way price can moe easier on low volume then it can move up

If there is no increasing in buying interest on an up move then the market will correct till there is buying interest
Blogging daily now at www.volume.zone
  • #1,028
  • Apr 27, 2009 4:42pm Apr 27, 2009 4:42pm
Quoting ClueLess
Malcomb..

as I am still trying to get all of this straight, would i be correct in my interpretation of this on the GPBUSD chart below?

Thank You for your time, it really helps...

Cheers

the areas where you say bullish div are nothing
in fact on down moves with increasing volume ( you marked bullish ) this is bearish volume as it indicates more selling interest on the way down . If you see this kind of volume action coming into support liekly support will break.
Blogging daily now at www.volume.zone
  • #1,029
  • Apr 27, 2009 4:44pm Apr 27, 2009 4:44pm
Quoting LuboLabo
Do u think the bar I highlighted is not a NO DEMAND BAR?
I Think it is.

Lubo.

go back and read the master the markets and what a no demand bar is.

the bar you highlighted is not a no demand bar .Typically these are found into new highs
Blogging daily now at www.volume.zone
  • #1,030
  • Edited 5:00pm Apr 27, 2009 4:47pm | Edited 5:00pm
Quoting malcolmb14
the areas where you say bullish div are nothing
in fact on down moves with increasing volume ( you marked bullish ) this is bearish volume as it indicates more selling interest on the way down . If you see this kind of volume action coming into support liekly support will break.

That's what I was trying to say. The bullish mark is on increasing volume but the move is down so clearly not a bullish move. It's much better to think of it in terms of increasing or decreasing (rather than bullish or bearish)volume... then look at the direction of the move pricewise in relation to what the volume is showing.

Of course you don't know what the next bar holds volume wise so that's where other things come into play such as spread (range) etc.

From the intro of MTM
Quote

To understand what the volume is saying to you, you have to ask yourself again;

“What has the price done on this volume”?

and...

Quote

1.

Bullish volume is increasing volume on up-moves and decreasing volume on down-moves.


2. Bearish volume is increasing volume on down-moves and decreasing volume on up-moves.
The trend always ends.
  • #1,031
  • Edited 5:07pm Apr 27, 2009 4:52pm | Edited 5:07pm
Quoting malcolmb14
go back and read the master the markets and what a no demand bar is.

the bar you highlighted is not a no demand bar .Typically these are found into new highs
This is:
If buying has decreased on any up-move, the market will want to fall (no demand).

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: nodemand.png Size: 25 KB
If I know how, I tell You!! Few but Good!!
  • #1,032
  • Apr 27, 2009 4:58pm Apr 27, 2009 4:58pm
Wow--everybody is into divergencies today--Well--i saw this one in my account today--damn Sm's
Attached Image
  • #1,033
  • Apr 27, 2009 4:59pm Apr 27, 2009 4:59pm
Quoting taomql4
Wow--everybody is into divergencies today--Well--i saw this one in my account today--damn Sm's

The trend always ends.
  • #1,034
  • Apr 27, 2009 5:27pm Apr 27, 2009 5:27pm
Let's figth.

http://l.yimg.com/g/images/spaceball.gif
http://www.flickr.com/photos/codernoir/352959/
Attached Image
If I know how, I tell You!! Few but Good!!
  • #1,035
  • Apr 27, 2009 6:37pm Apr 27, 2009 6:37pm
Quoting LuboLabo
This is:
If buying has decreased on any up-move, the market will want to fall (no demand).

Lubo.

marks 1/10 d-

go and read Master the Markets on no demand

bad student ....lol
Blogging daily now at www.volume.zone
  • #1,036
  • Apr 27, 2009 6:43pm Apr 27, 2009 6:43pm
Quote
Originally Posted by ClueLess http://www.forexfactory.com/images/buttons/viewpost.gif
Malcomb..

as I am still trying to get all of this straight, would i be correct in my interpretation of this on the GPBUSD chart below?


Shamus, Malcomb & all...

I realize I oversimplified on that chart. I wanted to clarify the question of divergence.

A lot of people, like myself, need to understand the components of a concept before they are able to put it all together. As an architect, I can see a structure before it is built, but I was not able to totally understand it all until I actually picked up a hammer and spent several years putting the pieces together.

Thank you so much for your replies and the insights you so willingly shared, it makes a tremendous difference for many of us.

Cheers...

P.S. The pics...
Continuous periods of Total Misunderstanding followed by Complete Confusion
  • #1,037
  • Apr 27, 2009 6:50pm Apr 27, 2009 6:50pm
Quoting malcolmb14
marks 1/10 d-

go and read Master the Markets on no demand

bad student ....lol
This is why I have started to trade forex!!!!!

If I know how, I tell You!! Few but Good!!
  • #1,038
  • Apr 27, 2009 6:53pm Apr 27, 2009 6:53pm
Quoting ClueLess
Shamus, Malcomb & all...

I realize I oversimplified on that chart. I wanted to clarify the question of divergence.

A lot of people, like myself, need to understand the components of a concept before they are able to put it all together. As an architect, I can see a structure before it is built, but I was not able to totally understand it all until I actually picked up a hammer and spent several years putting the pieces together.

Thank you so much for your replies and the insights you so willingly shared, it makes a tremendous difference for...

Architects suck ...lol

I am an Engineer ... but these days am a senior estimator for a large ocnstruction company here in Canada
Blogging daily now at www.volume.zone
  • #1,039
  • Apr 27, 2009 7:36pm Apr 27, 2009 7:36pm
Quote
Architects suck ...lol

I am an Engineer ... but these days am a senior estimator for a large ocnstruction company here in Canada

Engineers are too detail oriented for me...lol

hummm.... come to think of it maybe thats why I'm having so much difficulty with this..... duh !

Thanks again...

Cheers

p.s. an Architects chart !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-04-27_1838_Architect.png Size: 77 KB
Continuous periods of Total Misunderstanding followed by Complete Confusion
  • #1,040
  • Apr 27, 2009 10:10pm Apr 27, 2009 10:10pm
Quoting ClueLess
Engineers are too detail oriented for me...lol

hummm.... come to think of it maybe thats why I'm having so much difficulty with this..... duh !

Thanks again...

Cheers

p.s. an Architects chart !!!

pretty colours .... lol
Blogging daily now at www.volume.zone
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