, break of 1.954 an bears here i come hope I'm welcome 
BUY USDJPY, SELL CABLE...but i'll trade only cable.
"Hate the sin, love the sinner." - Gandhi
Cable Update (GBPUSD)
- #189,301
- Dec 24, 2009 7:35am Dec 24, 2009 7:35am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
, break of 1.954 an bears here i come hope I'm welcome BUY USDJPY, SELL CABLE...but i'll trade only cable.
- #189,304
- Dec 24, 2009 7:53am Dec 24, 2009 7:53am
- Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts
- #189,305
- Dec 24, 2009 7:54am Dec 24, 2009 7:54am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #189,307
- Dec 24, 2009 7:55am Dec 24, 2009 7:55am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #189,308
- Dec 24, 2009 7:58am Dec 24, 2009 7:58am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
sorry but this is wrong......new trend ?
also low volume candles mean NOTHING this wek or next ..... you have to remember we are in xmas vacation.
in fact looking at the way Gu got sold off 6020 again in London Gu is doomed when real volume comes back to the market.s
EU is a getting a nice retrace to form wave 2 on daily.
If data was good, that would keep up right?
Until data came, as i yesterday predicted it went up, all of the pairs i said went up.Cheers, i saw 60 pips of profit didn't hold losses.
"Hate the sin, love the sinner." - Gandhi
- #189,310
- Dec 24, 2009 8:08am Dec 24, 2009 8:08am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Malc... that was very RIGHT until news came out. As I said above is about price close not volume on day but it helps. I never enter a trade just on volume, only s/r breakout.
If data was good, that would keep up right?
Cheers, i saw 60 pips of profit didn't hold losses.
but you were calling a new trend reversal on a low volume up bar on the daily . I do not want to argue the point. But go and read what Master the markets says about low volume up bars.
also if you are a pro wanting to keep on selling gu and eu would you let it slide down under xmas period , after having closed alll your position thru the xmas period ? or would you put junior traderrs or even auto trading prgrammes in place to try and push market up .
Here are acouple of charts putting things in perspective.
Note the high volume pin bar on the 1 hour way before the news
remember my PM to you ... market can go down on low volume BUT not up on low volumes.
Blogging daily now at www.volume.zone
- #189,313
- Dec 24, 2009 8:14am Dec 24, 2009 8:14am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
nice to get profit and awesome trading.
but you were calling a new trend reversal on a low volume up bar...
.But if usa data would have come out bad trend would have kept it up, anyway is normal to have up and down moves on low volume as it's christmas so I'm not expecting realistic volume bars.
I don't think many were expecting it to go 1.60 and stay up there, I just stay with that price tell.
I'm prepared for a short with BE after 20 pips (when the low will get hit), my TP? Only the God will tell and market decide
I think @ 60% that the tp will get hit and i'll be out with few pips, but if it manages to break the low it's great.
by the way, very important signal on daily chart, downtrend resumed and we either go sideways or go down now, daily close can't be up imo after this data, and the upmove we had testing 1.6 will make the downtrend stronger.
"Hate the sin, love the sinner." - Gandhi
- #189,314
- Dec 24, 2009 8:20am Dec 24, 2009 8:20am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Gabriel
look at your daily where you showed the green bars .
The very 1st one on your chart the low volume down bars prior to the green bar indicated the weakness.
i did not study fully the other spots in the chart.
Remember vsa is not about 1 bar it is about back ground
Here is a 60 min gu chart showing an example of the churn bar you were showing that reverses trend , yes it is part of the set up but that bar alone does not reverse the trend .
I could show you many other examples of this in vsa.
look at your daily where you showed the green bars .
The very 1st one on your chart the low volume down bars prior to the green bar indicated the weakness.
i did not study fully the other spots in the chart.
Remember vsa is not about 1 bar it is about back ground
Here is a 60 min gu chart showing an example of the churn bar you were showing that reverses trend , yes it is part of the set up but that bar alone does not reverse the trend .
I could show you many other examples of this in vsa.
nice to get profit and awesome trading.
but you were calling a new trend reversal on a low volume up bar...
Blogging daily now at www.volume.zone
- #189,315
- Dec 24, 2009 8:22am Dec 24, 2009 8:22am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #189,316
- Dec 24, 2009 8:26am Dec 24, 2009 8:26am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
What i was saying yesterday....
What happened today.
Both GU and AUDUSD got up and i got 60 pips and set sl to BE.
Why I opened the trades?
Because of daily candle close, not volume. Why i talked about volume? Because i was watching for further confirmations, I enter the market at the prices i see the resistance/support and i stay with it if the Daily analysis confirm it, I never came out with a trade based on volume, i just watch it on m30 to see when we get fake rallies, that's it...remember the only trade i came out with based on the volume was the sell on fake cable up 1-2 weeks ago and you confirmed me.
I said GU would go above 1.60 and i was right even when volume was saying it will go down and you said it will, it went up again so volume today was more useless than usefull as is low.
If helps, I'm buying AUDUSD as bearish flag has been broken and I'll probably leave the trade opened during the christmas brake.
Edit: GBPUSD MACD 4H is very close to a bullish cross.
Agree aswell
Merry Christmas to you and your families
Both GU and AUDUSD got up and i got 60 pips and set sl to BE.
Why I opened the trades?
Because of daily candle close, not volume. Why i talked about volume? Because i was watching for further confirmations, I enter the market at the prices i see the resistance/support and i stay with it if the Daily analysis confirm it, I never came out with a trade based on volume, i just watch it on m30 to see when we get fake rallies, that's it...remember the only trade i came out with based on the volume was the sell on fake cable up 1-2 weeks ago and you confirmed me.
I said GU would go above 1.60 and i was right even when volume was saying it will go down and you said it will, it went up again so volume today was more useless than usefull as is low.
"Hate the sin, love the sinner." - Gandhi
- #189,317
- Dec 24, 2009 8:29am Dec 24, 2009 8:29am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #189,318
- Dec 24, 2009 8:33am Dec 24, 2009 8:33am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
atheer1
- #189,319
- Dec 24, 2009 8:33am Dec 24, 2009 8:33am
- | Additional Username | Joined May 2009 | 2,719 Posts
- #189,320
- Dec 24, 2009 8:42am Dec 24, 2009 8:42am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
lo l Gabriel . I said volume on 60 min showed weakness at 1.6015 1st top and it did as was proven by the sellers hitting it 2nd time.
Do you really think the news changed the direction ?
pros are not sitting there like us waiting for the forex factory calender to show the news . They know it already hours before it comes out.
In fact I could show you in the charts by using volume why the longs higher risk the way they pushed price up under low volumes to get where they wanted to sell on the news
also i noted the waves of movement 7 hours to move UP 50 pips , 3 hours to move 70
overall I am still a perma bear on GU and that price action last 2 days showed me i can be for now , selling all rallies until we get a daily close above 6100 , all I need do is wait and volume will tell me where to get in
Do you really think the news changed the direction ?
pros are not sitting there like us waiting for the forex factory calender to show the news . They know it already hours before it comes out.
In fact I could show you in the charts by using volume why the longs higher risk the way they pushed price up under low volumes to get where they wanted to sell on the news
also i noted the waves of movement 7 hours to move UP 50 pips , 3 hours to move 70
overall I am still a perma bear on GU and that price action last 2 days showed me i can be for now , selling all rallies until we get a daily close above 6100 , all I need do is wait and volume will tell me where to get in
What i was saying yesterday....
What happened today.
Both GU and AUDUSD got up and i got 60 pips and set sl to BE.
Why I opened the trades?
Because of daily candle close, not volume. Why i talked about volume? Because i was watching for further confirmations, I enter the market at the prices i see the resistance/support and i stay with it if the Daily analysis confirm it, I never came out with a trade based on volume, i just watch it on m30 to see when we get fake rallies, that's it...remember the only trade i came out with based on the volume...
Blogging daily now at www.volume.zone