DislikedI shorted E/U 4100 now sl BE my target @ 4055-60
GoodLuck thou
Angelina.Ignored
GoodLuck All.
Angelina.
Cable Update (GBPUSD)
- #139,444
- Jun 23, 2009 2:49pm Jun 23, 2009 2:49pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
This is for the newer traders .. a few pointers.
i consider myself a not bad trader. about a 80% win ratio. This is not bs . Those in irc chat from the vsa forum that I am in ff will verify between today and yesterday been banging trades out the park. This morning flagged the low volume down move on gu and low vol test on 15 min before this monster move up . I did not catch the move up as was busy.
I have noticed that some are trying to fade this already and go short.
I like to put a 14 wma on the 15 min charts ( red line) on days like this unless we get a 15 min close under this line I will NEVER go short. clearly today we see pros buying. Why? who cares ? But the volumes tell us that the pros are buying and there is no selling interest in the way down .
look at the volume on the 15 min charts on this bull flag formation ....If this was really selling interest the volume would be alot higher.
I am not saying that this will not come down , just not yet. We may have to wait till the London session to short this, if it wants to comes down off 1.6550. This is really the sell zone. This should be tested before we see any distribution
i consider myself a not bad trader. about a 80% win ratio. This is not bs . Those in irc chat from the vsa forum that I am in ff will verify between today and yesterday been banging trades out the park. This morning flagged the low volume down move on gu and low vol test on 15 min before this monster move up . I did not catch the move up as was busy.
I have noticed that some are trying to fade this already and go short.
I like to put a 14 wma on the 15 min charts ( red line) on days like this unless we get a 15 min close under this line I will NEVER go short. clearly today we see pros buying. Why? who cares ? But the volumes tell us that the pros are buying and there is no selling interest in the way down .
look at the volume on the 15 min charts on this bull flag formation ....If this was really selling interest the volume would be alot higher.
I am not saying that this will not come down , just not yet. We may have to wait till the London session to short this, if it wants to comes down off 1.6550. This is really the sell zone. This should be tested before we see any distribution
Blogging daily now at www.volume.zone
- #139,446
- Jun 23, 2009 3:09pm Jun 23, 2009 3:09pm
- Joined Jan 2008 | Status: Focussed | 2,382 Posts
Hero Traders Live to see their Accounts Die!
- #139,449
- Jun 23, 2009 4:11pm Jun 23, 2009 4:11pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Mal-
Thanks for your thought insight (today hasn't been one of my better trading days) I've read mastering the markets about 10 times-- but still I miss... much to learn...
IF anyone looks at the E/U, E/J, G/J and G/U the players at Goldman Sachs are holding prices-- whether to short or stop hunt higher than go down-- who knows-- but I won't want to be on the wrongside when this party lets go...
Mal- do you still use VWAP?
it plots the upper value area , lower value area , point of control and vwap for today and yesterday ( these chnage for current day)
it is also plots high volume pivots for last 20 days...those are those grey dotted lines
vwap is brown line , right now price is above point of control yesterday = NO SELLING for me
Blogging daily now at www.volume.zone
- #139,450
- Jun 23, 2009 4:23pm Jun 23, 2009 4:23pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Do you think we will see a retrace in Asia?
They usually go for the daily pivot...
here is what i have on nikkie .. may see effort to close that gap . There was buyerso n the 1 hour on the futures . High vol down bar no result = buyers
if nikkie heads up a few points then gu will likely continue to upside as have not seen much in way of sellers at end of US session
1.6450 major support gu right now....could base around this zone before next leg up in London , do not see much a retrace.
Blogging daily now at www.volume.zone
- #139,451
- Jun 23, 2009 4:23pm Jun 23, 2009 4:23pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
Fantastic! You got to watch it. BTW where is "here"?
Sorry mi' lady feel asleep, I'm in Sydney...... Ta on my must watch list
Ok back to business....closing EUR and cable long for +150pips and +90pips. EUR is definitely long GUNS and Cable still trapped in triangle.....
Waiting for a pullback for long EUR and Cable.....1.6380 for cable and 1.4020 for EUR
Decipher the code however you want....continue from last nights post on EUR breakout and cable false trend line break.
See you guys at the US open
Veni, Vidi, Vici (We came, we saw, we conquered)
- #139,452
- Jun 23, 2009 4:28pm Jun 23, 2009 4:28pm
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Probability Professor
- #139,454
- Jun 23, 2009 5:05pm Jun 23, 2009 5:05pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #139,455
- Jun 23, 2009 5:13pm Jun 23, 2009 5:13pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #139,456
- Jun 23, 2009 5:14pm Jun 23, 2009 5:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #139,457
- Jun 23, 2009 5:23pm Jun 23, 2009 5:23pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #139,460
- Jun 23, 2009 5:58pm Jun 23, 2009 5:58pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.