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  • #126,681
  • Jul 29, 2009 7:42pm Jul 29, 2009 7:42pm
Quoting The Fool
Right. Can you translate?
volume came in when the low of the day was printed on three attempts to break lower. now there was a low volume test right before asia opens and volume picked up right away as soon as the day`s low was tested. i entered on the 5min bullish hammer just before asia opened
if that were sellers on the second attempt to break the low, why was there no follow thru. instead looks like the volume right before price shot up was buyers
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #126,682
  • Jul 29, 2009 7:43pm Jul 29, 2009 7:43pm
Quoting stevefx
Haha Chicky, I'm working on that. You think this is weird? Wait til you see what the Daily and Weekly TF's are starting to look like..
Steve, I think this technique will work great on bigger timeframes, especially weekly becuause of lesser noise. Then you can fine tune for daily and 4h.
The Thief of Wall Street
  • #126,683
  • Jul 29, 2009 7:44pm Jul 29, 2009 7:44pm
I agree shorts are good here. I still have have some big open sells from 4140, but I took another short here. Bulls are going to remain oppressed.
  • #126,684
  • Jul 29, 2009 7:46pm Jul 29, 2009 7:46pm
Quoting az_ivan
I caught the 1.4010-1.4060 ride.
Now I'll follow Gator: short @ 1.4052
too early to short until it reach my long targets
that's it
ROBOT FOREX
  • #126,685
  • Jul 29, 2009 7:47pm Jul 29, 2009 7:47pm
Quoting stevefx
I agree shorts are good here. I still have have some big open sells from 4140, but I took another short here. Bulls are going to remain oppressed.
Just watch the stock exchange indexes and Gator numbers. They rule the EURUSD nowadays.
We will never forget you Karlo
  • #126,686
  • Jul 29, 2009 7:48pm Jul 29, 2009 7:48pm
Quoting JL Ho
I am new to forex and thus need a little clarification.

When you say "at 60 short" do you mean as soon as it touches 60 or it must close above 60? If it must close above 60, on what time frame?

Thanks.
i had a short entry trigger at 60 .. my broker mb went to 60. meta only got 59... since your new go to baby pips and study..

oh and yes it touched 60
those who can, do. those who cant, talk about those who can
  • #126,687
  • Jul 29, 2009 7:49pm Jul 29, 2009 7:49pm
Quoting gatorinla
i had a short entry trigger at 60 .. my broker mb went to 60. meta only got 59... since your new go to baby pips and study..
Thank you very much for the advice. I most certainly will study.

However I find advice from experienced individuals like you far more educational.

Regards.
  • #126,688
  • Jul 29, 2009 7:50pm Jul 29, 2009 7:50pm
just lol @ people waiting to be spoonfed trading decisions without even trying to do their own analysis. not saying that gator`s numbers are not spot on at all but thats the quickest way to the poorhouse
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #126,689
  • Jul 29, 2009 7:51pm Jul 29, 2009 7:51pm
Quoting djambazov84
volume came in when the low of the day was printed on three attempts to break lower. now there was a low volume test right before asia opens and volume picked up right away as soon as the day`s low was tested. i entered on the 5min bullish hammer just before asia opened
if that were sellers on the second attempt to break the low, why was there no follow thru. instead looks like the volume right before price shot up was buyers
Thanks, djam. I have been trying to use the VSA principles trading futures. Still don't use the tick volume for spot forex, though. Typical "market strength shown on a down bar" scenario, right?....except I get thrown off when the down bar or candle shows very high volume....sometimes this is harder to interpret...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #126,690
  • Jul 29, 2009 7:52pm Jul 29, 2009 7:52pm
Yeah, and house music sux.
We will never forget you Karlo
  • #126,691
  • Jul 29, 2009 7:53pm Jul 29, 2009 7:53pm
Quoting az_ivan
Just watch the stock exchange indexes and Gator numbers. They rule the EURUSD nowadays.
I think gator should run the Federal Reserve. And he should have a sandwich named after himself at Shony's Big Boy. Gator Rocks!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #126,692
  • Jul 29, 2009 7:54pm Jul 29, 2009 7:54pm
Quoting Forbes55
too early to short until it reach my long targets
that's it
I agree. I have 2 long positions,

1 @ 4039 with TP @ 4070 and SL @ 4030
2 @ 4045 with TP @ 4100 and SL @ BE once the first one closes...
  • #126,693
  • Jul 29, 2009 7:56pm Jul 29, 2009 7:56pm
Quoting Chicky
Steve, I think this technique will work great on bigger timeframes, especially weekly becuause of lesser noise. Then you can fine tune for daily and 4h.
I'm working on that Chicky. Things don't fit in quite so neatly on bigger TF's-you've got things going on that are a lot more complex, so I'm trying to sort it out. However I don't think I agree that there's too much noise on the 4hr:

There are smaller counter movements that you can't predict. Right now for example I took a short at 4056. System allows for a rise to maybe 4100, but shows PA is going to wind up at around 3985. So I can't say if its going to go straight there, or if its going up a little first and then down hard...So its for a longer term trading period, like a day, as opposed to a couple of hours.
  • #126,694
  • Jul 29, 2009 7:56pm Jul 29, 2009 7:56pm
Quoting djambazov84
just lol @ people waiting to be spoonfed trading decisions without even trying to do their own analysis. not saying that gator`s numbers are not spot on at all but thats the quickest way to the poorhouse
Spoonfed??? Actually breastfed is better!!! Ha...ha...ha.....

But seriously... nothing beats learning by doing it. That is why when you were in school (if you have ever been), they made you do experiments and carry out projects.
  • #126,695
  • Jul 29, 2009 7:57pm Jul 29, 2009 7:57pm
Quoting The Fool
Thanks, djam. I have been trying to use the VSA principles trading futures. Still don't use the tick volume for spot forex, though. Typical "market strength shown on a down bar" scenario, right?....except I get thrown off when the down bar or candle shows very high volume....sometimes this is harder to interpret...

that is exactly correct, Fool (no pun intended), i get weary when i see abnormal increasing volume on "strong" up and down bars, because it may indicate potential hidden selling/buying. pros buy on weakness and sell on strength, simply because they need the liquidity to hide their intentions and not move the markets against themselves when trying to liquidate their holdings. i use fxpro tick volume and have compared against e-signal from the various charts other senior traders have put on forexfactory and i find it AMAZINGLY similar. i have compared hundreds of charts and they look 95% identical which is great given that e-signal gets its feed from the biggest 200 banks from all over the world.

for volume analysis i would recommend you read "Master the Markets" book by tom williams and also some candlestick patterns by Steve Nisson they truly work wonders. I find myself even rarely using trendlines these days
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #126,696
  • Jul 29, 2009 8:01pm Jul 29, 2009 8:01pm
Quoting az_ivan
I caught the 1.4010-1.4060 ride.
Now I'll follow Gator: short @ 1.4052
be careful im just scalping.. tp 48.. on my 2nd trip.. if it goes higher i enter at 50% retrace also
those who can, do. those who cant, talk about those who can
  • #126,697
  • Jul 29, 2009 8:06pm Jul 29, 2009 8:06pm
Quoting JL Ho
Spoonfed??? Actually breastfed is better!!! Ha...ha...ha.....

But seriously... nothing beats learning by doing it. That is why when you were in school (if you have ever been), they made you do experiments and carry out projects.
i agree and you know the kind of people i am talking about such as:

"is going price up now, plzzzz someone help, margen call" type of people...also when u see a number thrown at you out of the blue, would not your general first reaction be: "how did u get that number, would you mind showing us how you got to it with a chart". again I AM NOT BASHING ANYONE but hate to see this thread become a place for below average "stochastic cross, macd above 0"
people who think they are trading with absolutely no common sense
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #126,698
  • Jul 29, 2009 8:11pm Jul 29, 2009 8:11pm
Quoting gatorinla
be careful im just scalping.. tp 48.. on my 2nd trip.. if it goes higher i enter at 50% retrace also
gonna reload at 60 short again IF
those who can, do. those who cant, talk about those who can
  • #126,699
  • Jul 29, 2009 8:15pm Jul 29, 2009 8:15pm
Quoting gatorinla
be careful im just scalping.. tp 48.. on my 2nd trip.. if it goes higher i enter at 50% retrace also
Thanks for warning me! While Dow Jones future and NIKKEY don't go higher I am easy. I presume Australian Building Approvals will be the moving force today. Won't go sleep before that.
We will never forget you Karlo
  • #126,700
  • Jul 29, 2009 8:18pm Jul 29, 2009 8:18pm
Quoting SpecialEd
Glad you had a big day. You contribute a lot. I don't know about your "drop like a rock". I'm pretty uncertain about direction, but I know that lately I've moved my higher TL (from 7/13/08 - 6035) up and my lower TL (from 4/22/09 - 2885) down. Just when I thought the triangle/range was tightening, it's expanded.

Playing it day to day and taking the pips as my D1, H4, H1, M15 and THV M1 (for entry permission) allow.

If I've got my Andrews drawn correctly on my D1, we could be headed back up, since it's just bounced off median line.

All this,...
..hey we took it out.. +5 todays low...looking for 3904 now after retrace..
those who can, do. those who cant, talk about those who can
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