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  • #114,321
  • Jun 24, 2009 11:23am Jun 24, 2009 11:23am
Quoting MrTrendy
i have exercised da demons!!!! Lol this house is clear!!
lol
  • #114,322
  • Jun 24, 2009 11:24am Jun 24, 2009 11:24am
Looks like the balloon has a hole in it.
Certainly took a while but I finally feel comfortable with my shorts.

I almost abandoned them last night.
  • #114,323
  • Jun 24, 2009 11:24am Jun 24, 2009 11:24am
TP 1.3887 before FED ?
"I will walk before they make me run" K.Richards
  • #114,324
  • Jun 24, 2009 11:25am Jun 24, 2009 11:25am
Quoting MrTrendy
sticking with 3950 for at least oh the next 5-10mins!!
WOOHOO!!!! GET IN!!!!

out of shorts @ 4057....see you tom guys.
  • #114,325
  • Jun 24, 2009 11:29am Jun 24, 2009 11:29am
Be vawy careful.


Careful
Quoting MrTrendy
WOOHOO!!!! GET IN!!!!

out of shorts @ 4057....see you tom guys.
  • #114,326
  • Jun 24, 2009 11:30am Jun 24, 2009 11:30am
Quoting francish
dear frenz, how do we interpret volume. long red candlestick with high volume. isnt that more more sellers. of course when there are sellers, there must be willing buyers.
how do we interpret
pardon me - a newbie asking question
Volume bars by themselves can be misleading. How the volume is distributed within the price range during the timeframe is more valuable information, because a large volume bar cannot by itself tell you was it lots of selling at the top, or lots of buying at the bottom, or something in between.

Edit: We have had two significant and fast PA drops so far. This last one was accomplished during lunch hour on a fraction of the volume of the first one. And there was more volume nearer the bottom of the PA than the top of the PA. It leads to surmising this was yet another manipulated run down to get more long positions at a discounted price, but by some trading entity during lunch, rather than by the market movers as a whole. While good move for those scalping shorts, it does not take the Bull off the table, not by any means imho. But, again, this is speculation and price movement is paramount.
  • #114,327
  • Edited 11:36am Jun 24, 2009 11:32am | Edited 11:36am
DEMAND is building rapidly at 3955(close to the daily PL) . Whether it holds it is another question as I still fancy 3932 . All eyes on USDCHF.
  • #114,328
  • Jun 24, 2009 11:35am Jun 24, 2009 11:35am
Quoting Nene
Be vawy careful.


Careful
Lol I meant out of shorts @ 3950
  • #114,329
  • Jun 24, 2009 11:35am Jun 24, 2009 11:35am
This could be Euro dump day. If we were to breach 1.3820, that would set up a massive (yes massive) outside day bearish reversal-- One of the biggest, pipwise, I have ever seen. Watch that level because if that were to happen, it would be big time down periscope. Maybe the Fed news can do it. As for me, all my positions are closed... I have a short order to trigger if we retest the daily pivot.
  • #114,330
  • Jun 24, 2009 11:36am Jun 24, 2009 11:36am
Mr Trendy or Notch.....I can't get the Volty to load....is there another link for it. I got the THV to load but not it...wonder if it is because its an internet file....

I missed the drop of 1.40 while trying to get this stuff loaded! Dang it!
  • #114,331
  • Jun 24, 2009 11:38am Jun 24, 2009 11:38am
I got all kinds of support in this area, but yea, your right, Swissy is doing the driving today with it's 395 long Daily candle. I have never seen one on the swissy this long.

Ne

Quoting notch
DEMAND is building rapidly at 3955(close to the daily PL) . Whether it holds it is another question as I still fancy 3932 . All eyes on USDCHF.
  • #114,332
  • Jun 24, 2009 11:39am Jun 24, 2009 11:39am
Quoting Nene
I got all kinds of support in this area, but yea, your right, Swissy is doing the driving today with it's 395 long Daily candle. I have never seen one on the swissy this long.

Ne
primed to short the swissy.
  • #114,333
  • Jun 24, 2009 11:40am Jun 24, 2009 11:40am
Gator and FX Petra, did you stick with the short trade from 1.4100 from yesterday or did you chicken it out?

Beer is on the house.
  • #114,334
  • Jun 24, 2009 11:42am Jun 24, 2009 11:42am
Quoting traderathome
Volume bars by themselves can be misleading. How the volume is distributed within the price range during the timeframe is more valuable information, because a large volume bar cannot by itself tell you was it lots of selling at the top, or lots of buying at the bottom, or something in between.
Classic VSA says market strength shown in a larger down bar. Unless its really much larger. There's the rub. I have definitely capitalized on this adage of VSA when trading futures, but gotten burned too. Maybe I have missed something in how to differentiate the two...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #114,335
  • Jun 24, 2009 11:42am Jun 24, 2009 11:42am
Play squash

Quoting NoStops
need some action
  • #114,336
  • Jun 24, 2009 11:42am Jun 24, 2009 11:42am
Swissy dropped back below the Daily high of 1.0985 created back on 6/8. News scheduled for 2:15 but we may have seen the bulk of it.
  • #114,337
  • Jun 24, 2009 11:43am Jun 24, 2009 11:43am
Quoting IMARICH1
Mr Trendy or Notch.....I can't get the Volty to load....is there another link for it. I got the THV to load but not it...wonder if it is because its an internet file....

I missed the drop of 1.40 while trying to get this stuff loaded! Dang it!
volty attached
Attached File(s)
File Type: mq4 VoltyChannel_Stop_v2.1.mq4   6 KB | 295 downloads
  • #114,338
  • Jun 24, 2009 11:43am Jun 24, 2009 11:43am
Quoting traderathome
Volume bars by themselves can be misleading. How the volume is distributed within the price range during the timeframe is more valuable information, because a large volume bar cannot by itself tell you was it lots of selling at the top, or lots of buying at the bottom, or something in between.

Edit: We have had two significant and fast PA drops so far. This last one was accomplished during lunch hour on a fraction of the volume of the first one. And there was more volume nearer the bottom of the PA than the top of the PA. It leads to surmising...
I respect your thoughts...but this was another stop hunt by hedgefunds to stop out the longs below 1.4000. Once the stops triggered, the market cascaded on itself and the big boys had their 50 pip area of liquidity to make some money today. Frankfurt ran the top side stops above 1.4120, London to the downside below 1.4050, and now NY below 1.400. Where is the next batch of stops to provide liquidity? All the short timers have been taken out....in both directions.
  • #114,339
  • Jun 24, 2009 11:44am Jun 24, 2009 11:44am
Quoting Nene
Swissy dropped back below the Daily high of 1.0985 created back on 6/8. News scheduled for 2:15 but we may have seen the bulk of it.

I'm just waiting for a 1min signal from the volty then I'm in.
  • #114,340
  • Jun 24, 2009 11:49am Jun 24, 2009 11:49am
Thanks Notch...hmmm...it won't load either....it shows up in my indicators folder but it won't show up on the platform...
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