I was doing some research and found an article on Bloomberg about Dollar, Yen Rise Versus Euro as U.S. Job Cuts Pare Yield Demand. Then, it becomes clearer to me how the smart money utilize the mainstream media online and offline to manipulate the market. To prove my point,that news story released July 2, 2009 19:32 EDT Now from looking at the EUR/USD it spiked briefly on weakholders buying, and headed down again. Now study that red bar with the wide spread and extreme volume that was smart money buying EUR/USD or accumulating it at bargain prices after the news release. See VSA teaches you to follow the professional money and sure enough I am. I've highlighted the accumulation phase.
I'm going to begin to compile news articles from various financial sites just before, news breaks as proof as to how smart money manipulates the forex and all markets in general, I mean it's all a game if you haven't learned it by now, it's easy to follow these guys, if your watching the volume and thinking like a professional and taking an opposite consensus to the crowd. Most of the herd traders think alike and always have no basis before they buy and hardly ever watch the volume.
I was doing some research and found an article on Bloomberg about Dollar, Yen Rise Versus Euro as U.S. Job Cuts Pare Yield Demand. Then, it becomes clearer to me how the smart money utilize the mainstream media online and offline to manipulate the market. To prove my point,that news story released [i]July 2, 2009 19:32 EDT Now from looking at the EUR/USD it spiked briefly on weakholders buying, and headed down again. Now study that red bar with the wide spread and extreme volume that was smart money buying EUR/USD or accumulating it at bargain prices...
Ignored
Good eye on the EU/USD bro'! Just cashed at .3990 for 25 pips on 2 big lots, thank you.
Was going to hold to see if it broke that downtrend line @.4014 or so from the high of .4208 on 30M chart but have to get some sleep, day job tomorrow. Good luck!
Well the market recouped nearly 65+ pip of losses from previous day and we see an upthrust,not on high volume but does signify reversal for the short term, I need to see some no demand bars to signal a full replacement, thats off the 5M chart but as I go out to the 1HR,we may have a test bar forming, if successful that points to supply being removed from the market and the pair will be poised to rise!
Well the market recouped nearly 65+ pip of losses from previous day and we see an upthrust,not on high volume but does signify reversal for the short term, I need to see some no demand bars to signal a full replacement, thats off the 5M chart but as I go out to the 1HR,we may have a test bar forming, if successful that points to supply being removed from the market and the pair will be poised to rise!
Ignored
Yes, I knew that upthrust was a weak one EUR just rallied past the markoff line i set up..
Okay looks like we got another weak upthrust on low volume, noticiably lower then the volume on the previous upthrust, smart money is playing games trying to catch some people!
weakness, however looks like alot of buying occurred on the red down bar and there's strength in the background..smart money is still supporting the overall bullish move, however we are getting hiccups I call them from some profit taking.
