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  • #5,621
  • Mar 9, 2010 12:49am Mar 9, 2010 12:49am
Looks like its going down on decent vol. right?
Former Trader Of the Year of the 95% losing club! Retired
  • #5,622
  • Mar 9, 2010 12:59am Mar 9, 2010 12:59am
Is there a way i could have avoided deciding going long on the arrows? Something i missed?
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  • #5,623
  • Mar 9, 2010 12:59am Mar 9, 2010 12:59am
Quoting Rgali1
Looks like its going down on decent vol. right?
correct, volume has quadrupled on the last 2 closed 5m bars
Trading Levels with WRBs
  • #5,624
  • Edited 1:12am Mar 9, 2010 1:03am | Edited 1:12am
Quoting RaverStyleTim2
Is there a way i could have avoided deciding going long on the arrows? Something i missed?
trade london & new york

you see volume going down before asia, no money, no action
Invincibility lies in the defence, the possibility of victory in the attack
  • #5,625
  • Mar 9, 2010 1:15am Mar 9, 2010 1:15am
15 min chart, a doji and low vol positive close on 5025 for a double top. There was no follow through sold as per 1 min chart. Exited +24 when there was a quick push up.

Since had high vol fall to 4975, looking for follow through or reversal.
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  • #5,626
  • Mar 9, 2010 1:21am Mar 9, 2010 1:21am
usdcad, heavy fighting going on

2 climax churn on h1, 3 high wave on h4
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Invincibility lies in the defence, the possibility of victory in the attack
  • #5,627
  • Mar 9, 2010 1:26am Mar 9, 2010 1:26am
Quoting Vantage
15 min chart, a doji and low vol positive close on 5025 for a double top. There was no follow through sold as per 1 min chart. Exited +24 when there was a quick push up.

Since had high vol fall to 4975, looking for follow through or reversal.
Hello Vantage

which indicator you use for weekly and monthly pivot?
The Market pays you to be disciplined
  • #5,628
  • Mar 9, 2010 1:32am Mar 9, 2010 1:32am
Quoting mima
Hello Vantage

which indicator you use for weekly and monthly pivot?
I use all of these.
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File Type: ex4 Pivot Points Multitimeframe.ex4   50 KB | 423 downloads
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  • #5,629
  • Mar 9, 2010 1:45am Mar 9, 2010 1:45am
daily cable
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Invincibility lies in the defence, the possibility of victory in the attack
  • #5,630
  • Mar 9, 2010 2:37am Mar 9, 2010 2:37am
Quoting RaverStyleTim2
Is there a way i could have avoided deciding going long on the arrows? Something i missed?
Just a couple quick comments from my perspective (and would like to see what others have to say)

1) I've been looking for GU shorts almost exclusively for a while, as it's been in a pretty distinct downtrend. So, from my perspective a long was counter trend. Not a wrong trade, just a bit lower probability re. the overall trend.

2) Not sure when you entered, but if it was on that 1st downbar marked, I wouldn't have entered there because the upbar before it had no follow through. A high vol upbar closing on the highs, but then with no follow through is a bearish sign (to me).

3) The second arrow is right after what appears to be a no demand bar, so again bearishness there (or "weakness" as us VSA'ers call it )

I think a great long entry would have been at the close of that "downthrust" type bar two before your entry. Maybe have waited until the next upbar broke the high by a few pips, as an upbar after a "downthrust" confirms some strength. Would have been good for about 30 pips it looks like.

Of course everyone is an expert in hindsight. For me, 30 pips is just fine, as I only look for 20-40/day anyway. But I also don't use H1 usually, but more M5 and M15.

So anyway, just my observations; still kinda new to this, so take with a grain of salt...
  • #5,631
  • Mar 9, 2010 3:42am Mar 9, 2010 3:42am
EURUS TF 15min...Look at point A,B,C...
i'm waiting for confirmation before going long
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  • #5,632
  • Mar 9, 2010 6:56am Mar 9, 2010 6:56am
Yes, Unless I am missing something....At the time you see buyers come in the market ie. high volume down bars you should be looking for down bars with low volume as confirmation that the SM is not interested in higher prices. From your chart, an order at the top of the down bars with low volume would not have gotten you in a trade and the result is failed tests then prices move lower.

As a rule, I do not enter until a break of the down bar, failed tests can happen all day and I don't care. Sometimes the price action will come up and fill your order before failing but not that often.








Quoting RaverStyleTim2
Is there a way i could have avoided deciding going long on the arrows? Something i missed?
  • #5,633
  • Mar 9, 2010 7:34am Mar 9, 2010 7:34am
Quoting RaverStyleTim2
Is there a way i could have avoided deciding going long on the arrows? Something i missed?

you avoided waiting for a test of support .... that would have avoided you going long on the arrows

the best set up on stopping volume is stopping volume then test
Blogging daily now at www.volume.zone
  • #5,634
  • Mar 9, 2010 7:51am Mar 9, 2010 7:51am
so how do you guys interpret the big volume ? from 1.36 to 1.355
I think 1.355 is an important level for the bulls ?

anyone can share some insights on that ?
it's the last 5 hours.
7 GMT to 13 GMT.

i am looking on a 15 m charts.

or
big spike around 1.375 10.45 GMT 5m chart
or
big spike around 1.355 (13:17 GMT) 1 m chart.

sorry . i am asking about EUR/USD .
Thanks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #5,635
  • Mar 9, 2010 8:03am Mar 9, 2010 8:03am
60 min shows this clearly

1.3550 is major support line eu . If this breaks then we see 1.3500 / 1.,3450

now you have seen buyers , you have to watch to see if sellers absorb these buyers.

close of prior 60 min is 1.3552 , below this is sell , particularly if you see no volume on up moves.

Now in order to confirm they are buyers you need to see a little up move off support and then a low vol test , typically a 10 min chart is good for this



Quoting DMA Trader
so how do you guys interpret the big volume ? from 1.36 to 1.355
I think 1.355 is an important level for the bulls ?

anyone can share some insights on that ?
it's the last 5 hours.
7 GMT to 13 GMT.

i am looking on a 15 m charts.

or
big spike around 1.375 10.45 GMT 5m chart
or
big spike around 1.355 (13:17 GMT) 1 m chart.

sorry . i am asking about EUR/USD .
Thanks
Blogging daily now at www.volume.zone
  • #5,636
  • Mar 9, 2010 8:06am Mar 9, 2010 8:06am
malcolmb14
are you going to reply to my pm or you deleted it already?
The Market pays you to be disciplined
  • #5,637
  • Mar 9, 2010 8:13am Mar 9, 2010 8:13am
Quoting mima
malcolmb14
are you going to reply to my pm or you deleted it already?
done check pm
Blogging daily now at www.volume.zone
  • #5,638
  • Mar 9, 2010 8:15am Mar 9, 2010 8:15am
Quoting malcolmb14
60 min shows this clearly

1.3550 is major support line eu . If this breaks then we see 1.3500 / 1.,3450

now you have seen buyers , you have to watch to see if sellers absorb these buyers.

close of prior 60 min is 1.3552 , below this is sell , particularly if you see no volume on up moves.

Now in order to confirm they are buyers you need to see a little up move off support and then a low vol test , typically a 10 min chart is good for this
Thanks.
I don't usually look for volume but I've said i'll give it a try.
so here is the naked chart that i was talking about
-
So I'm long from 1.355 with SL at 1.3525 TP at list 1.36.

15 min. chart
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #5,639
  • Mar 9, 2010 8:24am Mar 9, 2010 8:24am
Quoting DMA Trader
Thanks.
I don't usually look for volume but I've said i'll give it a try.
so here is the naked chart that i was talking about
-
So I'm long from 1.355 with SL at 1.3525 TP at list 1.36.

15 min. chart
eu is complicated

not time to go up yet and this is almost exactly what Raver time did on gu ... did not wait for the low volume test

see the set up at 23:00 hours .. that was buyers coming in but they were absorbed. On stopping volume the confirmation for entry is always the low volume test

Now this same set up on GU with such a superb entry as you got on eu would have netted you 40 pip by now as gu is more volatile.

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Blogging daily now at www.volume.zone
  • #5,640
  • Mar 9, 2010 8:25am Mar 9, 2010 8:25am
Quoting malcolmb14
60 min shows this clearly

1.3550 is major support line eu . If this breaks then we see 1.3500 / 1.,3450

now you have seen buyers , you have to watch to see if sellers absorb these buyers.

close of prior 60 min is 1.3552 , below this is sell , particularly if you see no volume on up moves.

Now in order to confirm they are buyers you need to see a little up move off support and then a low vol test , typically a 10 min chart is good for this

Like this.
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