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Cable Update (GBPUSD)

  • #144,341
  • Jul 8, 2009 5:08pm Jul 8, 2009 5:08pm
Quoting woodlybog
Interesting... what do you have to say about that, Mal??

well my calls in IRC chat are all based on volume .... DJ well verify that it is not often i screw up . This morning we are catching all the down moves gj , getting out and waiting for rallies and no demand bars to show up
Blogging daily now at www.volume.zone
  • #144,342
  • Jul 8, 2009 5:11pm Jul 8, 2009 5:11pm
Quoting malcolmb14
err .. well ALL of my trading is based on volume spread analysis. Esignal is 300 feeds. So even though I have this arguement over and over again volume works for me and the 60 or so other traders in the VSA irc chat. Seem some have been trading only a few month but are having week after week of profitable trades now.

think the down move was coincidence ?

this 1 hour (highlighted ) shows an up candle on high volume , with no result = reversal after effort to rise. If the high volume was buyers why did it not go higher ? well that is easy cause...

Hmmmm..........I LIKE IT!...
Ghost Rider - WWTBMD?
  • #144,343
  • Jul 8, 2009 5:17pm Jul 8, 2009 5:17pm
Quoting Bull_Bear
Long aborted....short @ 1.6060..... loss -50pips.

Eur has also hit resistance @ 1.3940 and reversing..... should have seen that earlier.

Quoting Bull_Bear
SL....1.6160...... TP 1.5930/00 for the above trade

Damit, which was my original targets before reversing long. Not to worry
Morning guys,

Back to even stevens from last nights trade @ 1.6060 short. Not holding any active trade now.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #144,344
  • Jul 8, 2009 5:27pm Jul 8, 2009 5:27pm
you trying to tell me vsa does not work ? and that volumei n fx is a load of rubbish ???

here is the set up for GJ very clear before 550pip drop . I did no expect 500 pip drop though , but did expect 100

Attached Image (click to enlarge)
Click to Enlarge Name: ym495.png Size: 198 KB
Blogging daily now at www.volume.zone
  • #144,345
  • Jul 8, 2009 5:38pm Jul 8, 2009 5:38pm
Quoting malcolmb14
you trying to tell me vsa does not work ? and that volumei n fx is a load of rubbish ???

here is the set up for GJ very clear before 550pip drop . I did no expect 500 pip drop though , but did expect 100

Attachment
You have strong Kung Fu Malcolmb...... No need to just to others my friend
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #144,346
  • Jul 8, 2009 5:41pm Jul 8, 2009 5:41pm
Quoting malcolmb14
err .. well ALL of my trading is based on volume spread analysis. Esignal is 300 feeds. So even though I have this arguement over and over again volume works for me and the 60 or so other traders in the VSA irc chat. Seem some have been trading only a few month but are having week after week of profitable trades now.

think the down move was coincidence ?

this 1 hour (highlighted ) shows an up candle on high volume , with no result = reversal after effort to rise. If the high volume was buyers why did it not go higher ? well that is easy cause...
Hi Malcomb,

I'm finding this fascinating and I would like to understand better, so forgive me for asking what might be a stupid question, but please would you explain why the candle went up if the high volume was because of sellers? It seems important that I understand this so I can make better use of what I am seeing.

Thanxx.
  • #144,347
  • Jul 8, 2009 5:45pm Jul 8, 2009 5:45pm
Quoting pipiness
Hi Malcomb,

I'm finding this fascinating and I would like to understand better, so forgive me for asking what might be a stupid question, but please would you explain why the candle went up if the high volume was because of sellers? It seems important that I understand this so I can make better use of what I am seeing.

Thanxx.
I'm not vsa expert, but is like a high vol on this particular candle like chart shows, but the price is not able to raise even more, what it means, high vol full of sellers, or many sellers in at this candle, JMHO

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #144,348
  • Jul 8, 2009 5:46pm Jul 8, 2009 5:46pm
Quoting pipiness
Hi Malcomb,

I'm finding this fascinating and I would like to understand better, so forgive me for asking what might be a stupid question, but please would you explain why the candle went up if the high volume was because of sellers? It seems important that I understand this so I can make better use of what I am seeing.

Thanxx.
Also, can you suggest some good reading material to learn about vsa? Thanx again!
  • #144,349
  • Jul 8, 2009 5:48pm Jul 8, 2009 5:48pm
Quoting pipiness
Hi Malcomb,

I'm finding this fascinating and I would like to understand better, so forgive me for asking what might be a stupid question, but please would you explain why the candle went up if the high volume was because of sellers? It seems important that I understand this so I can make better use of what I am seeing.

Thanxx.
I will try to answer... (a test to see if I understand myself and welcome correction if wrong...) It went up on hi volume but then went nowhere the next few bars, means no one was interested in buying at that level.
  • #144,350
  • Jul 8, 2009 5:50pm Jul 8, 2009 5:50pm
Quoting JhonMonsalve
I'm not vsa expert, but is like a high vol on this particular candle like chart shows, but the price is not able to raise even more, what it means, high vol full of sellers, or many sellers in at this candle, JMHO

Jhon
Right, so high volume because both buyers and sellers were trading and although the buyers were stronger, because the candle went up, it indicates weakness coming into the market, hence price drops on next candle ??

Thanks Jhon.
  • #144,351
  • Jul 8, 2009 6:06pm Jul 8, 2009 6:06pm
Quoting mac888
Sorry, 1st post. Could you elaborate please?

Thanks.
mac.
It basically means holding trades for the longest possible time. months years depending on trend. This is more counter trend so I will hold these trades till either my ultimate goal is hit, or I am stopped out.
  • #144,352
  • Jul 8, 2009 6:06pm Jul 8, 2009 6:06pm
Quoting pipiness
Right, so high volume because both buyers and sellers were trading and although the buyers were stronger, because the candle went up, it indicates weakness coming into the market, hence price drops on next candle ??

Thanks Jhon.
I think you got it pipiness, like a said before, I'm not expert, but just watching candles (I'm a lil bit expert on candles), next candle is like a bearish engulfing, what it means: bears are in control, but just look malc chart, is very simple and clear!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #144,353
  • Jul 8, 2009 6:14pm Jul 8, 2009 6:14pm
Quoting pipiness
Right, so high volume because both buyers and sellers were trading and although the buyers were stronger, because the candle went up, it indicates weakness coming into the market, hence price drops on next candle ??

Thanks Jhon.
for me, the Yen keeps raising and the New York session open right that time and gave us that move ( traders was selling the USD, buy Yen). ;D.

Angelina.
  • #144,354
  • Jul 8, 2009 6:21pm Jul 8, 2009 6:21pm
Angelina, are you looking for short tonight?
  • #144,355
  • Jul 8, 2009 6:32pm Jul 8, 2009 6:32pm
I have been trading with the James16 method for more than a year now and have added divergence and VSA to my trading style. This thread has been a great help for VSA: http://www.forexfactory.com/showthread.php?t=157629. The first page is constantly updated and should have all the info you need to get started.

Malcomb and Dr. G are the real deal . . .
"Don't trade to trade . . . trade to win." - James16
  • #144,356
  • Jul 8, 2009 6:42pm Jul 8, 2009 6:42pm
Quoting alex1976
Angelina, are you looking for short tonight?
hi Alex,
the downtrend still strong, I prob go short, but I will be out be4 rate cut tomorrow.

GoodLuck.

Angelina.
  • #144,357
  • Jul 8, 2009 6:48pm Jul 8, 2009 6:48pm
I switched from normal SMA's to Smoothed SMA's last night and WOW Smoothed seems to be what someone big is using, blows my previous set of SMA's I was using totally out of the water for hits and reverses and trend following wise and the Envelope channel to alot more reliable.

Slap onto a M1 chart, SMA Smoothed 23 and 100 on your chart, and envelope 23 smoothed 0.16% and Envelope 100 Smoothed 0.40%.

You'll be amazed and no I haven't back fitted those setting to the move that happed while I was out.

Demo my new setup for a few days and back live next week, confidence is high.

Application of this is ofcourse key, trusting the trend direction and ranges and knowing when to use either, but hey it's better than nothing.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,358
  • Jul 8, 2009 6:50pm Jul 8, 2009 6:50pm
Quoting pipiness
Hi Malcomb,

I'm finding this fascinating and I would like to understand better, so forgive me for asking what might be a stupid question, but please would you explain why the candle went up if the high volume was because of sellers? It seems important that I understand this so I can make better use of what I am seeing.

Thanxx.
think like this

pros sell into strength , buy into weakness.

do you like to pay full price or discount for a new car ?

you can have high vol up bar means that pros are selling into the strength
Blogging daily now at www.volume.zone
  • #144,359
  • Jul 8, 2009 6:59pm Jul 8, 2009 6:59pm
Quoting malcolmb14
think like this

pros sell into strength , buy into weakness.

do you like to pay full price or discount for a new car ?

you can have high vol up bar means that pros are selling into the strength

Doesn't actually hold true, as if doesn't take a set amount of volume to move the market 20pips say.

Check a news release, 100pips straight down in 5 seconds, it's about the balance of buyers / sellers, if everyone is selling and no one is buying it'll fall rapidly on no volume.

I find it better as a reversal tool, GU can drop on low volume slowly for 100pips, it's when it's putting in 1 of it's many bottoms, IF buy interest has resumed then there should see increased volume, still got weak handed sellers bailing supplying them when the sellers dry up thats when it'll move up again. And if there are no sellers on the way up it'll sky rocket.

All part of supply and demand market rules!!

Easy.

Sadly my MT4 volume might aswell be random, it sure looks it
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #144,360
  • Jul 8, 2009 7:02pm Jul 8, 2009 7:02pm
Malcomb, I thought pros buy the dips in an uptrend, sell the rallies in downtrend.

Inst that the opposite of what u said?
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