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  • #1,581
  • May 29, 2009 9:52am May 29, 2009 9:52am
Quoting Yuppie
I'm wondering how significant the close above 1.4000 was on this bar. It caused some skepticism on my part.

It's something I have observed a couple of times.

Some sellers coming in - but not enough to hold price down below 1.4000 on the close of the bar in question.


Magnus
Keep that in your mind when you look a these "very very sweet levels"

Zitate by medici from the No Brainer Thread:
I don't think it's a good idea to play big levels, such as mentioned in the last two posts, the same way you play shorter term levels for bounces. First, reversals at big levels generally happen slowly. Second, there's a lot of manipulation and stop-hunting happening around these levels, and it's better to let that play out. Third, unless you have info on deal flows guessing the big levels is a bit like reading tea leaves - and when it isn't manipulation is guaranteed.
  • #1,582
  • May 29, 2009 11:39am May 29, 2009 11:39am
Man... 20ish pips away from +2000 pips on my long term GBP/USD
The trend always ends.
  • #1,583
  • May 29, 2009 1:33pm May 29, 2009 1:33pm
wtg Shamus!

Shamoose poops in your shoe
  • #1,584
  • May 29, 2009 1:37pm May 29, 2009 1:37pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting bbartha
What a nice setup




The real nail-in-the-coffin for this awesome setup is the 10:00-bar.

Narrow-spread Pinbar with huge [relative] volume. Provided a very tight stop.


Magnus
  • #1,585
  • May 29, 2009 3:09pm May 29, 2009 3:09pm
Quoting Yuppie
Taking in the bigger picture.

The break of the decending TL was probably the key factor for me here.

I was in a long from yesterday on this pair and this a strong reason to continue to stay in today.

This background information was part of the reason for my skepticism of the VSA analysis of my earlier charts.


Magnus
I'm pretty sure this is coordination for next week's flurry of monster news. They're pricing in to dampen the effect and of course turn the tide. Plus Germans are off on Monday... Should be interesting to say the very least.

Marco
-//-
  • #1,586
  • May 29, 2009 5:17pm May 29, 2009 5:17pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting hybrid
I'm pretty sure this is coordination for next week's flurry of monster news. They're pricing in to dampen the effect and of course turn the tide. Plus Germans are off on Monday... Should be interesting to say the very least.

Marco

Marco,

I don't listen out for the news or use it as any part of a strategy (except for standing aside for NFP) - however, I'm always interested in how others interperet/use/trade it.

Can you expand on what you say here?

What is the nature of the news? 'Dampen' in what way?


Thanks,

Magnus
  • #1,587
  • Edited 3:45pm May 30, 2009 3:29pm | Edited 3:45pm
I have asked the mods at ff to remove forexflash's posts and indicators from this thread as he is deliberately misleading people by hyping them without informing people that they will expire on 6/12/2009 and they will need to pay in order to keep using them.

This type of behavior goes against the whole spirit of this thread.

His thread from programming discussion ( http://www.forexfactory.com/showthre...=170432&page=5 ) regarding his indicators for VSA was already removed I can only guess for the same reason. If you read from that page on I think you'll understand why.

Just so we're clear:

I have no problem with someone trying to profit from their hard work, my problem is when they are deceptive about it.
The trend always ends.
  • #1,588
  • May 30, 2009 4:27pm May 30, 2009 4:27pm
Shamus, are you using the Murray Math lines in the same way that the book uses the trend clusters? In another words, since we don't have a trend cluster indicator are you substituting the MM lines as trend clusters? Thanks
  • #1,589
  • May 30, 2009 4:36pm May 30, 2009 4:36pm
Quoting wwwin
Shamus, are you using the Murray Math lines in the same way that the book uses the trend clusters? In another words, since we don't have a trend cluster indicator are you substituting the MM lines as trend clusters? Thanks

I use them primarily for targets once I am in a trade.
The trend always ends.
  • #1,590
  • May 30, 2009 4:51pm May 30, 2009 4:51pm
Quoting ShamusFamous
I use them primarily for targets once I am in a trade.
OK, I was reading the book, and think that the MM lines can be substituted for trend culsters, as used in the book.
  • #1,591
  • May 30, 2009 4:55pm May 30, 2009 4:55pm
Quoting wwwin
OK, I was reading the book, and think that the MM lines can be substituted for trend culsters, as used in the book.

I think mml works great combined with VSA. I would recommend focusing on one pair and watching how it trades around the lines and you'll start to see some interesting things.

Islander a trader whom I admire very much uses "sweet spots" (mentioned in this thread) instead of mml and he does well with those. You might want to investigate those as well.
The trend always ends.
  • #1,592
  • Edited 5:23pm May 30, 2009 5:09pm | Edited 5:23pm
Got it http://www.forexfactory.com/showpost...postcount=1103
But the SS appears to be made only for 5 m tt, so will stick with MM for now

Quoting ShamusFamous
I think mml works great combined with VSA. I would recommend focusing on one pair and watching how it trades around the lines and you'll start to see some interesting things.

Islander a trader whom I admire very much uses "sweet spots" (mentioned in this thread) instead of mml and he does well with those. You might want to investigate those as well.
  • #1,593
  • May 30, 2009 5:36pm May 30, 2009 5:36pm
Quoting Yuppie
I'm wondering how significant the close above 1.4000 was on this bar. It caused some skepticism on my part.

It's something I have observed a couple of times.

Some sellers coming in - but not enough to hold price down below 1.4000 on the close of the bar in question.


Magnus

Could you please explain what the different colour bars on the volume indicator window mean?
  • #1,594
  • May 30, 2009 5:40pm May 30, 2009 5:40pm
Quoting farizu
Could you please explain what the different colour bars on the volume indicator window mean?

There are two guides linked in the first post of this thread (in the resources/indicator section at the bottom of the first post) for what they mean.

Cheers
The trend always ends.
  • #1,595
  • May 31, 2009 3:40pm May 31, 2009 3:40pm
A quick thanks to the mods for their quick cleanup. Some posts in reply to forex flash were moved as well because they quoted a post of his. Sorry about that to the affected users.

All of these posts are now included as "extracted posts" in his deleted programming discussion thread.
The trend always ends.
  • #1,596
  • Jun 1, 2009 6:33am Jun 1, 2009 6:33am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
GBP/USD.

5-min.

Break of 30-pip range and back into range on wide-spread bar with very low volume.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-06-01_gbpusd_2.gif Size: 27 KB
  • #1,597
  • Jun 1, 2009 6:49am Jun 1, 2009 6:49am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
GBP/USD.

5-min.

Break of 30-pip range and back into range on wide-spread bar with very low volume.

Update...
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-06-01_gbpusd_3.gif Size: 27 KB
  • #1,598
  • Jun 1, 2009 8:52am Jun 1, 2009 8:52am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
GBP/USD.

15/5-min.

Bullish-engulfing candle on high volume on 15-min. Followed by a No Supply on 5-min.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-06-01_2_gbpusd.gif Size: 28 KB
  • #1,599
  • Jun 1, 2009 2:27pm Jun 1, 2009 2:27pm
Nice posts as always Yuppie.
The trend always ends.
  • #1,600
  • Jun 1, 2009 2:43pm Jun 1, 2009 2:43pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting ShamusFamous
Nice posts as always Yuppie.

Cheers mate.

I'm branching out to more pairs as I get more proficient (and I use the term in its loosest sense ) at VSA.

I can't remember the proper terminology (it's going to take a while to learn it - I know this as it's the way my brain works) so my charts have a hash of VSA/candlesticks/bars speak.

But I'm sure I get the point across anyway - if not, I rely on others to tell me.


Magnus
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