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  • #2,601
  • Aug 6, 2009 5:04am Aug 6, 2009 5:04am
Forgot to repost, here's a post I made in another thread that someone might find useful

http://www.forexfactory.com/showpost...ostcount=21309
  • #2,602
  • Aug 6, 2009 5:58am Aug 6, 2009 5:58am
Quoting daffy
I'm looking for testing after a sign of strength. It's kind of like, the sign of strength puts your tradey senses on alert, and then a test indicates it's time to enter.

the sign of strength could be that we're in an uptrend, there is evidence of accummulation, a reverse upthrust, wide spread down bar closing in the middle, etc.


ok, thanks
  • #2,603
  • Edited 6:46am Aug 6, 2009 6:36am | Edited 6:46am
this is the post-BOE decision gbp$ chart.

i guess both A & B can be classified as No Demand bars. B had less volume than A. B was followed by a small PB/upthrust prior the drop. do correct me, just in case...

EDIT: btw, there was a No Demand bar too on M30 4bars ago, on H1 3bars ago

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  • #2,604
  • Aug 6, 2009 8:00am Aug 6, 2009 8:00am
Quoting supremeChaos
this is the post-BOE decision gbp$ chart.

i guess both A & B can be classified as No Demand bars. B had less volume than A. B was followed by a small PB/upthrust prior the drop. do correct me, just in case...

EDIT: btw, there was a No Demand bar too on M30 4bars ago, on H1 3bars ago

Attachment
SC, I think those bars before the news were more like a lack of interest bars, rather than no demand. They fit the rules for a no demand bar, so you identified them correctly, but their significance isn't as high since there wasn't any great sign of weakness in the background. A no demand after an upthrust is a lot more significant than a no demand where we see strength in the background, or a no demand where we have just been in a tight range. Price had been meandering in a tight range all morning, and volume appeared to be light.

I posted an analysis of what I did post BoE, here: http://www.forexfactory.com/showpost...ostcount=21363

You could also apply the same analysis to GJ, it reacted in almost exactly the same way.
  • #2,605
  • Aug 6, 2009 8:22am Aug 6, 2009 8:22am
Quoting daffy
SC, I think those bars before the news were more like a lack of interest bars, rather than no demand. They fit the rules for a no demand bar, so you identified them correctly, but their significance isn't as high since there wasn't any great sign of weakness in the background. A no demand after an upthrust is a lot more significant than a no demand where we see strength in the background, or a no demand where we have just been in a tight range. Price had been meandering in a tight range all morning, and volume appeared to be light.
Yeah volume often drops off before news annoucements and before the opening of Stock Markets as traders wait and see.
Boxing clever since 76.
  • #2,606
  • Aug 6, 2009 10:41am Aug 6, 2009 10:41am
Thanks daffy,
Yes, i agree.
I forgot to mention the market quiets down usually a few minutes/hours before a news release.
  • #2,607
  • Aug 6, 2009 11:18am Aug 6, 2009 11:18am
...based on volume spikes:

so i noticed that price tends to come back and test previous levels where massive selling / buying took place - the precision amazes me! but that's not what i wanted to say here...

for instance, in this 30m g-j chart, last time we saw buyers stepping in was @ 160.59 = support; broken today. should turn into resistance, right?
but, based on previous volume spikes, there was another spot with powerful selling: 161.32 (i put a check sign and an arrow, but you can spot that on 15min chart better...) - this is going to be our resistance. so i expect a test of this area later tonight during asia

here are the charts.

oh. and i almost forgot: next support is @ 158 area, based on a previous volume spike that showed selling - see on h1 chart.

how am i doing so far? i hope i'm not way off...
Attached Image(s) (click to enlarge)
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Nihil Sine Deo.
  • #2,608
  • Aug 6, 2009 11:34am Aug 6, 2009 11:34am
Quoting malcolmb14
lol .. again esignal superior data versus crappy mt4 ....lol


i set my start of session to start of london

the long of yesterdays poc in london was a give me ..... 200 pip trade
I think esignal got some customer from this topic

It would be nice if someone could modify the indicator to use London - or any other - session as a start.
  • #2,609
  • Aug 6, 2009 11:45am Aug 6, 2009 11:45am
Quoting Scrat
...based on volume spikes:

so i noticed that price tends to come back and test previous levels where massive selling / buying took place - the precision amazes me! but that's not what i wanted to say here...
Hey Scrat

Yeah you should have a look at Market Profile on how price comes back and tests previous areas of selling/buying and how this area acts as S&R. TwobuckChuck posted a good indi for that.

Posted my GJ chart with S&R lines. The yellow lines are multiple overlapping fibs lines ,taking from various swing lows, and support lines.
Purple are just support lines.

I would say the first major support would come in around 159.60 area, if it can make it down there, just before the Virgin POC and on support.

C
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Boxing clever since 76.
  • #2,610
  • Aug 6, 2009 5:20pm Aug 6, 2009 5:20pm
All based on volumes.
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  • #2,611
  • Aug 6, 2009 5:29pm Aug 6, 2009 5:29pm
Quoting chalk54
All based on volumes.

buy ... have tight stop ... this baby may go to 1.6800 test but no higher. By 2am pst tomorrow i am expecting 1.6600..... 180 pips lower
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Blogging daily now at www.volume.zone
  • #2,612
  • Aug 6, 2009 5:41pm Aug 6, 2009 5:41pm
Wow, great tips, especially for someone who is pretty new at this. I also appreciate the follow up posts and clarification.

Thanks again.
  • #2,613
  • Aug 6, 2009 8:56pm Aug 6, 2009 8:56pm
Quoting malcolmb14
buy ... have tight stop ... this baby may go to 1.6800 test but no higher. By 2am pst tomorrow i am expecting 1.6600..... 180 pips lower
Attachment
I'm with you all the way up until the projected target. Looking at my chart, obviously it's a round number but I notice it's also the 76.4 fib extension. Confluence perhaps? Any clarification as to how you arrived at the projected target would be appreciated. Particularly interested in how you are able to call it precisely to the hour too.

Thanks for your postings btw, very informative.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #2,614
  • Aug 6, 2009 11:33pm Aug 6, 2009 11:33pm
Quoting luxinterior
I'm with you all the way up until the projected target. Looking at my chart, obviously it's a round number but I notice it's also the 76.4 fib extension. Confluence perhaps? Any clarification as to how you arrived at the projected target would be appreciated. Particularly interested in how you are able to call it precisely to the hour too.

Thanks for your postings btw, very informative.

Lux
symmetry of moves .. if you look on charts alot of moves are symmetrical . we dropped 250 pip earlier ..assuming we drop at same rate in Lodon ....we see 1.6000 by some time 2 to 3 am pst

this also makes sense as now if the nfp is better than expected it gives the pros chance to buy gu at a nice discounted price

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Blogging daily now at www.volume.zone
  • #2,615
  • Aug 6, 2009 11:50pm Aug 6, 2009 11:50pm
Shamus, Malcolmb and all the programers that have contributed to this thread.(and the many others that there is not enough room to put your name in here!) I want to say thank you for all that you guys are doing and have done. I have read every post and am almost through the Master the markets. Great information!!!!! and I believe VSA will allow me to take my trading to the next level. I hope to contribute to this tread soon and just wanted to introduce myself.

Thanks again to all that have takin the time to post and make this one of the best informative places to learn about VSA!!! A great tool to identify great posible trade setups...........

D-ramon
  • #2,616
  • Aug 7, 2009 12:20am Aug 7, 2009 12:20am
gj 5 min

reversal after effort to rise
upthrust

looks like flag may break to down side

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Blogging daily now at www.volume.zone
  • #2,617
  • Aug 7, 2009 1:06am Aug 7, 2009 1:06am
I see it too......... and some others
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  • #2,618
  • Aug 7, 2009 1:34am Aug 7, 2009 1:34am
how did you get MT on ubuntu?
Quoting chalk54
I see it too......... and some others
Nihil Sine Deo.
  • #2,619
  • Aug 7, 2009 1:51am Aug 7, 2009 1:51am
http://www.rebatefx.com/forum/showth...p?tid=4&page=1
  • #2,620
  • Aug 7, 2009 2:07am Aug 7, 2009 2:07am
Quoting chalk54
I see it too......... and some others
did you see title of this forum ? vsa ?

I think the chart with pretty arrow forum is else where ...

sure hope you ahd stop on that gu buy order 1.6600 here we come
Blogging daily now at www.volume.zone
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