Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Cable Update (GBPUSD)
- #179,121
- Oct 27, 2009 9:10am Oct 27, 2009 9:10am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
- #179,122
- Oct 27, 2009 9:10am Oct 27, 2009 9:10am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
The point is - post something useful or not at all ... just posting your trades (made up or not) like a hero is of NO use to ANYONE.
What has this place come to .....
not to mention he completely missed the double top and selling off 1.6400 major resistance so as a day trader he was trading against the pros and showing everyone how to trade dangerously....some guys i tell ya
Blogging daily now at www.volume.zone
- #179,123
- Oct 27, 2009 9:10am Oct 27, 2009 9:10am
- Joined May 2009 | Status: Trader | 2,387 Posts
My open trade ..
bravooo.. my trendlines and other people's was right. LOL.. i dont follow trades guys. (its so traumatic really, when people say i'm following other people's trade..)
bravooo.. my trendlines and other people's was right. LOL.. i dont follow trades guys. (its so traumatic really, when people say i'm following other people's trade..) 
- #179,124
- Oct 27, 2009 9:12am Oct 27, 2009 9:12am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Dude.
The post is time stamped
Go back n read.
AND
Like I give a shit if you believe me or not...
2 of your longs//// nice going ....
lol
need i say more ?
post something of use and also if you are going to trade against obvious selling and trend on scalps then do not post at all ....all the posts will do is get newbies in trouble.
Blogging daily now at www.volume.zone
- #179,126
- Oct 27, 2009 9:16am Oct 27, 2009 9:16am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
GU just hit the value area of yesterday
value area rules say if price gets back into the prior value area and stays there for more than 30 min there is an 80% chance that we will test the lower value area of prior day.
This is 1.6300
however with the selling we have seen on the down move i favour yesterdays lows
point of control for yesterday is 1.6320 , where we have a slight bounce and 1.6280 is major support.... would love to see test of that
value area rules say if price gets back into the prior value area and stays there for more than 30 min there is an 80% chance that we will test the lower value area of prior day.
This is 1.6300
however with the selling we have seen on the down move i favour yesterdays lows
point of control for yesterday is 1.6320 , where we have a slight bounce and 1.6280 is major support.... would love to see test of that
Blogging daily now at www.volume.zone
- #179,127
- Oct 27, 2009 9:18am Oct 27, 2009 9:18am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #179,129
- Oct 27, 2009 9:23am Oct 27, 2009 9:23am
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #179,130
- Oct 27, 2009 9:27am Oct 27, 2009 9:27am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #179,131
- Oct 27, 2009 9:27am Oct 27, 2009 9:27am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
why was i taking only short trades on 5 min ???
I look at 15 min with a jurik moving average on it. Hulls moving average is similar and free for mt4..setting 15 works well. Note the roll over at the top and once price remained under the jurik moving average sell rallies on 5 min
here is the set up showing weakness on 15 min chart... for trading sells only on 5 min
very clear....
there was also bear volume div on move up ....but this is another chapter for vsa..
I look at 15 min with a jurik moving average on it. Hulls moving average is similar and free for mt4..setting 15 works well. Note the roll over at the top and once price remained under the jurik moving average sell rallies on 5 min
here is the set up showing weakness on 15 min chart... for trading sells only on 5 min
very clear....
there was also bear volume div on move up ....but this is another chapter for vsa..
Blogging daily now at www.volume.zone
- #179,132
- Oct 27, 2009 9:28am Oct 27, 2009 9:28am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
Lets see the P & L statement on those 200???
- #179,134
- Oct 27, 2009 9:33am Oct 27, 2009 9:33am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
as mentioned we have ranging conditions ...1.6400 to 1.6300
tested 1.6300 and seems to be a few buyers ,
overall i am expecting to see breakdown this week and thru to nov15th into 1.5800
so for me I prefer sell days then long days
here is hulls moving average .. try 15 setting
tested 1.6300 and seems to be a few buyers ,
overall i am expecting to see breakdown this week and thru to nov15th into 1.5800
so for me I prefer sell days then long days
here is hulls moving average .. try 15 setting
Blogging daily now at www.volume.zone
- #179,135
- Oct 27, 2009 9:34am Oct 27, 2009 9:34am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #179,136
- Oct 27, 2009 9:39am Oct 27, 2009 9:39am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
From what i see in 15M Chart, the PA seem bounce on the TL that i draw on the rectangle, so break below might causing the PA drop further more to the test previous low, but if doesnt break, then bounce again above the tunnel.
Right now i am flat, waiting for further action on the PA.
Good luck all, i am a newbie but hope this could be something
Right now i am flat, waiting for further action on the PA.
Good luck all, i am a newbie but hope this could be something
- #179,138
- Oct 27, 2009 9:41am Oct 27, 2009 9:41am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Hi malcolmb14, how do you calculate the point of control. Thanks.
I have been reading up about market profile today.
this particular indie i use for esignal calculates them and plots high volume pivots for last 20 session , value are for today and value area for prior day
see today we came right off hv07 .... and found support hv 08
I rarely draw s/r lines on charts any more.
under 1.6266 next one is 1.6070.
IF price moves down or up away from area of last 20 high volume pivots ( in other words if price drops under 1.5800) I would use price relative to prior days value are to tell me if it is a sell or buy day ( under prior days value area low is sell only) . Today , even though price was above the upper value area at 1.6400 I was selling .... reason was I am very bullish usd for this week till Thursday thru the us session only. This is based on a vsa set up we have on the weekly DX
Blogging daily now at www.volume.zone
- #179,140
- Oct 27, 2009 9:44am Oct 27, 2009 9:44am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone