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  • #1,341
  • May 13, 2009 11:22pm May 13, 2009 11:22pm
can some experts guide me here?

was this a test on low volume? no supply?

but i looked at lower TF. i see no demand. i am confused.
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  • #1,342
  • May 14, 2009 12:38am May 14, 2009 12:38am
your VSA Histogram MTF indicator look awsome.

Quoting Recycleking
Ok all you pro's,
I am convinced that all the time and money I have spent on indicator analysis was for naught (except that is was part of my overall education) and my current think (thanks to you guys - FOREXflash, Shamus and others) is laser-focused on VSA/VSH.
I just wish I knew what was bouncing back off the "laser"! Can someone give me a brief description of what, maybe not so much WHAT, the colors of the VSA bars mean and how to interpit them. I assume the green part is buying vol, red=sell, orange is?the difference?. Looking at the standard...
  • #1,343
  • May 14, 2009 1:10am May 14, 2009 1:10am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting hwsv07
can some experts guide me here?

was this a test on low volume? no supply?

but i looked at lower TF. i see no demand. i am confused.

While not an expert, I have a thought...

The time posted was towards the end of the Asian session and prior to the Euro/London sessions.

That is a time of low liquidity. You can see the volume bars are relatively low. There will be indecisive movement around this time (in general).

Yes, I do see no demand there, but for me, the above is more relevant - I never take positions prior to 06:00-07:00GMT.

Again, someone will correct me if I'm off the mark.


Also, where does your Market Profile indicator come from? How do you find it?


Magnus
  • #1,344
  • May 14, 2009 1:28am May 14, 2009 1:28am
Quoting Yuppie
While not an expert, I have a thought...

The time posted was towards the end of the Asian session and prior to the Euro/London sessions.

That is a time of low liquidity. You can see the volume bars are relatively low. There will be indecisive movement around this time (in general).

Yes, I do see no demand there, but for me, the above is more relevant - I never take positions prior to 06:00-07:00GMT.

Again, someone will correct me if I'm off the mark.


Also, where does your Market Profile indicator come from? How do you find it?


Magnus
I think you have got the point.

Here is MP http://www.forexfactory.com/showthre...87#post2692487.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #1,345
  • May 14, 2009 1:54am May 14, 2009 1:54am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting LuboLabo
I think you have got the point.

Here is MP http://www.forexfactory.com/showthre...87#post2692487.

Lubo.

Well that's good to know...

Thanks for the link. Shows I haven't finished the thread yet.


Magnus
  • #1,346
  • May 14, 2009 2:13am May 14, 2009 2:13am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
EUR/JPY.

15-min.

Trend is down.

This is what I'm seeing.
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  • #1,347
  • May 14, 2009 2:54am May 14, 2009 2:54am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
EUR/JPY.

15-min.

Trend is down.

This is what I'm seeing.

Came down as far as previous support at .30.

Formed spinning-top on average volume.

Wide-spread bullish bar on higher volume.

Officially dealing with the Chop-Monster.
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  • #1,348
  • May 14, 2009 3:43am May 14, 2009 3:43am
Helllouu Yuppie,

i would like to thank You for Your simple explanations.. it helps me faster and better to understand simple things..
Thank You and keep posting

Best,
Tom
  • #1,349
  • May 14, 2009 3:50am May 14, 2009 3:50am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting tfflyer
Helllouu Yuppie,

i would like to thank You for Your simple explanations.. it helps me faster and better to understand simple things..
Thank You and keep posting

Best,
Tom

You're very welcome Tom.

However, please note that I am very new to this and so will no doubt be making mistakes.

I [hopefully] expect someone with better knowledge/experience of VSA will correct me where I go astray.


Magnus
  • #1,350
  • May 14, 2009 4:11am May 14, 2009 4:11am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Notice the volume bars this morning London/Euro session.

Mostly below or at the average line (see chart).

Look back on other days around the same time.

When there were decent moves the volume was generally higher.

Not sure how this holds over time - but it's something I've observed to be true so far.


Magnus
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  • #1,351
  • May 14, 2009 4:35am May 14, 2009 4:35am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Some thoughts... (bearing in mind we are still in chop)
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  • #1,352
  • May 14, 2009 5:22am May 14, 2009 5:22am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
Some thoughts... (bearing in mind we are still in chop)

We've followed through and broken the bearish-flag.

Wide-spread and high-volume bar.
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  • #1,353
  • May 14, 2009 5:45am May 14, 2009 5:45am
Quoting Yuppie
We've followed through and broken the bearish-flag.

Wide-spread and high-volume bar.
With my indicator, the break was on low activity, meaning a fake for me.. i ve bought on 144.

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furthermore if you look at market orders, you will see that retails treders are extremely bearish, it s not a good sign for bears... who is buying to retail traders? hum i have a guess

Attached Image


i m still long term bearish but or now we must see a bounce. Of course i could be wrong as i just learned VSA. So much to learn, before being profitable
  • #1,354
  • May 14, 2009 6:03am May 14, 2009 6:03am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting hirek
With my indicator, the break was on low activity, meaning a fake for me..

Yes, I also had low-volume on G/J.

However, E/J was high-volume.


Neutral bar on high-volume.


Magnus
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  • #1,355
  • May 14, 2009 6:15am May 14, 2009 6:15am
Quoting Yuppie
Yes, I also had low-volume on G/J.

However, E/J was high-volume.


Neutral bar on high-volume.


Magnus
sorry i didn t see it was EJ. well my analysis is the same for EJ. i think that it s for the Yen side too many retail traders selling it...
Attached Image
  • #1,356
  • May 14, 2009 9:15am May 14, 2009 9:15am
Quoting hirek
sorry i didn t see it was EJ. well my analysis is the same for EJ. i think that it s for the Yen side too many retail traders selling it...
Hi Herik,

Would you tell me how you read this chart please.

Thanks
Mike
Failure, is a wonderful teacher!
  • #1,357
  • May 14, 2009 9:34am May 14, 2009 9:34am
Quoting mike1349
Hi Herik,

Would you tell me how you read this chart please.

Thanks
Mike
this is open position on Oanda. So it s showing us where the retail traders did long or sell. in this picture we see that they massively sold the yen in the last range we have (GJ and EJ as well). by now the pros are marking up the price so all the retail sellers will be loosers, waiting for them to close their short before going down swiftly (that s my view, i don t really know if i m wrong or not)

this is the last position on EJ and GJ.

Attached Image
Attached Image


the retail traders (massive seller in the range) are now in difficult position. keeping theirposition as we are still in the range.
I m waiting for the pros to mark up the price very quickly.
Well it s all explained in the book "master the market". Confirmation was that since yesterday i see sign of accumulation.

but i could be wrong... it s not a call, just my view as yupie wanted to sell EJ...
  • #1,358
  • May 14, 2009 9:47am May 14, 2009 9:47am
Hirek,

Thanks for sharing that market position indicator? (Its a bad word around here)But that is very interesting.
  • #1,359
  • May 14, 2009 9:52am May 14, 2009 9:52am
Quoting fxgrnwise
Hirek,

Thanks for sharing that market position indicator? (Its a bad word around here)But that is very interesting.
well i don t like indicator neither, this just position o rateil traders at oanda...

But my trade was based on VSA, this little range, selling pressure was really from the pros and i saw sign of accumulation.
So as the retail sellers were massively shorting the range, i assume that the pros were the buyers.. hope to be correct... but i dont really have a target, i will close at 146 i think....
  • #1,360
  • May 14, 2009 10:34am May 14, 2009 10:34am
Hirek,
I'm kind of joking when I said indicator, to see who is buying and selling is a very good thing. I was away from trading yesterday,could I ask you how you came to the conclusion that the pros were accumulating? Still learning VSA

Thankyou
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