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  • #4,321
  • Dec 15, 2009 8:46pm Dec 15, 2009 8:46pm
Quoting tfflyer
...
How long does it tooked to You to be profitable with VSA...
Hey Tom,
this answer applies to ALL questions related to learning:
the answer is ---- it depends on your learning curve; it differs from person to person.

  • #4,322
  • Dec 16, 2009 2:46am Dec 16, 2009 2:46am
Supreme, yes i know , but that doesnt change my question..

Just interested about others..



Best,
Tom


Quoting supremeChaos
Hey Tom,
this answer applies to ALL questions related to learning:
the answer is ---- it depends on your learning curve; it differs from person to person.

  • #4,323
  • Dec 16, 2009 7:33am Dec 16, 2009 7:33am
GU ..weakness is there.

It seems that even if FOMC makes usd weaker it may only be a temporary pop

volumes suggest traders may still be bear gu

Attached Image (click to enlarge)
Click to Enlarge Name: chart1406.png Size: 173 KB
Blogging daily now at www.volume.zone
  • #4,324
  • Dec 16, 2009 8:58am Dec 16, 2009 8:58am
Significat suply, in my opinion, is at 1.6450 and GU is going there regardless of news and volume. I might be wrong...
The Market pays you to be disciplined
  • #4,325
  • Dec 16, 2009 9:06am Dec 16, 2009 9:06am
predcition is the main error here

trade signals and stop telling market where it has to go

Quoting mima
Significat suply, in my opinion, is at 1.6450 and GU is going there regardless of news and volume. I might be wrong...
  • #4,326
  • Dec 16, 2009 9:26am Dec 16, 2009 9:26am
Quoting Dr.Geppynius
predcition is the main error here

trade signals and stop telling market where it has to go
Thank you Dr.Geppynius. I really didn’t want to predict price and it wasn't my intention ...I just saw supply there so...
The Market pays you to be disciplined
  • #4,327
  • Dec 16, 2009 9:35am Dec 16, 2009 9:35am
yes, right, market was sold off from there. but what i wanted to say is, that it hasn't to go anywhere....it is pretty stressful to predict since you are also conditioning your mind based on that.

Quoting mima
Thank you Dr.Geppynius. I really didn’t want to predict price and it wasn't my intention ...I just saw supply there so...
  • #4,328
  • Dec 16, 2009 10:05am Dec 16, 2009 10:05am
Quoting tfflyer
...
Just interested about others.. ..
I see.. curiosity.
  • #4,329
  • Dec 16, 2009 10:57am Dec 16, 2009 10:57am
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Blogging daily now at www.volume.zone
  • #4,330
  • Dec 16, 2009 11:05am Dec 16, 2009 11:05am
Quoting malcolmb14
(for iffy)
u mean for tfflyer?

that's a M15 chart, correct?
thanks for the charts, as always
  • #4,331
  • Dec 16, 2009 11:19am Dec 16, 2009 11:19am
Malcolmb,

Thanks for your chart. Could you please explain what the higher volume down bars told you in the Asia session? I understand that the background in yesterday's NY session showed strength.

THank you.
  • #4,332
  • Dec 16, 2009 11:22am Dec 16, 2009 11:22am
Quoting tarco
Malcolmb,
...Could you please explain what the higher volume down bars told you in the Asia session?...
if i may....
i believe it is
high volume on down bars = buyers
  • #4,333
  • Dec 16, 2009 11:28am Dec 16, 2009 11:28am
That makes sense to me. I usually associate higher volume down bars on climatic or stopping volume. After thinking about your answer, given the background, I can see now that the higher volume down bars were buyers supporting the price showing interest in higher prices.

Thanks for you answer.
  • #4,334
  • Dec 16, 2009 11:51am Dec 16, 2009 11:51am
just something easily i wanted to show you. in such occassions you can assume that the excessive volume is not buying but a buying climax.

-we are going towards resistance (red line- previous support becoming resistance. those are the strongest s/r levels. why is this so? traders going long the last time when price broke support, have been under water and try to bail beakeven, so they sell off to flatten when price comes back to the area the bought. this accelerates downside momentum here. the same effect occures, when you see price rapidly popping upwards or downwards, those are alle the traders which placed an countertrade and did not expect brice to break s/r- so after price has taken out s/r you see those short/ longsqueezes- all the guys flattening )

-the rally looks sh**. see the average spread of the bars which moved up and the time they needed to travel higher. the pushes down were way more powerful

-previously, price was not able to retrace from the channel support line more than slightly above the channel midline, indicating weakness. this time market nicely failed the channel midline, so odds are high that we go down further. nevertheless, the risk in this trade would be 50/50, since price might go higher, up to the channel top. channels work!
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  • #4,335
  • Dec 16, 2009 12:29pm Dec 16, 2009 12:29pm
Quoting supremeChaos
if i may....
i believe it is
high volume on down bars = buyers

not always but the background in the us session suggested so
Blogging daily now at www.volume.zone
  • #4,336
  • Dec 16, 2009 12:50pm Dec 16, 2009 12:50pm
Quoting Dr.Geppynius
just something easily i wanted to show you. in such occassions you can assume that the excessive volume is not buying but a buying climax...
Quote
-we are going towards resistance...traders going long the last time when price broke support, have been under water and try to bail beakeven, so they sell off to flatten when price comes back to the area they bought.
so in other words these are the so-called "weak positions"?

Quote
-...see the average spread of the bars which moved up and the time they needed to travel higher. the pushes down were way more powerful
those push downs were quicker/took shorter time to complete too

Quote
-previously, price was not able to retrace from the channel support line more than slightly above the channel midline, indicating weakness. this time market nicely failed the channel midline.... channels work!
u do not necessarily use those channels as trendlines, do u?

 Thanks Sir!
  • #4,337
  • Dec 16, 2009 12:52pm Dec 16, 2009 12:52pm
Quoting malcolmb14
not always but the background in the us session suggested so
understood Sir.
btw, in my response i was specifically referring to that chart.
  • #4,338
  • Dec 16, 2009 1:13pm Dec 16, 2009 1:13pm
Quoting supremeChaos
so in other words these are the so-called "weak positions"?

those push downs were quicker/took shorter time to complete too

u do not necessarily use those channels as trendlines, do u?

 Thanks Sir!
i pretty much prefer channels to just regular trendlines, since they define reasonably well entry areas, targets and offer a good measure for risk. as regular trendlines i like to use horizontal ones on a specific price level which showed price-volume action that caught my interest and i want to see price coming back to test later.
  • #4,339
  • Dec 16, 2009 1:27pm Dec 16, 2009 1:27pm
see what happened---sell limit 4570. catching remaining orders and going down. level marked is one of the key numbers i like to play based on volume and bar close. it also alignes with the channel midline.
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  • #4,340
  • Dec 16, 2009 1:30pm Dec 16, 2009 1:30pm
Quoting Dr.Geppynius
i pretty much prefer channels to just regular trendlines, since they define reasonably well entry areas, targets and offer a good measure for risk. as regular trendlines i like to use horizontal ones on a specific price level which showed price-volume action that caught my interest ...
Interesting.
so, if i understood your post correctly,

u like & use channels mainly for entries/targets & for risk measurement (narrow channels = possibly lower risk; wider channels = possibly wider risk).
u dont use trendlines. but u use horizontal trendlines/horizontal lines & use them as S/R levels & check it with price-volume interaction.
Thanks!
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