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  • #6,181
  • Mar 28, 2010 1:23pm Mar 28, 2010 1:23pm
Quoting malcolmb14
why guess .... gap up right now 20 pip . I am bullish gu this week based on weekly test

shit now gu up above 1.4925 50 pip gap
Volume is very low...it may come down at 5ET?
The Market pays you to be disciplined
  • #6,182
  • Mar 28, 2010 1:28pm Mar 28, 2010 1:28pm
Quoting malcolmb14
why guess .... gap up right now 20 pip . I am bullish gu this week based on weekly test

shit now gu up above 1.4925 50 pip gap
offff
its around 1,4960 master...
let me step back and just follow you.. confused confused....
  • #6,183
  • Mar 28, 2010 1:39pm Mar 28, 2010 1:39pm
I am fairly bullish this week ....1,49225 has to hold for me to maintain this



Quoting malcolmb14
watching gu

weekly we tested the ultra high volume down bar of 4 weeks back . Last week was on low volume and could be a test

1.4925 is key , above that and we may see 1.5000 above that we may have seen a temporary bottom

1.4780 breaks to down side then the stopping volume seen on weekly 4 weeks back has been invalidated

from a weekly dj we still ended last week in middle of bar with uptrend intact so for now dj is still buy dips


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Blogging daily now at www.volume.zone
  • #6,184
  • Mar 28, 2010 1:40pm Mar 28, 2010 1:40pm
Quoting mima
Volume is very low...it may come down at 5ET?
check out my comment on weekly charts

last week was test stopping vol 4 weeks back ... jsut mad i did not blindly take long 1.4800
Blogging daily now at www.volume.zone
  • #6,185
  • Mar 28, 2010 2:25pm Mar 28, 2010 2:25pm
I have an easy-forex account that lets me trade early on sunday. I took gu buy with a 10 pip spread at 4928 and we are already at 4965. I don't think I am going to set be just yet but will be looking for dips later in the week.

This is my pair for the week to accumulate, I see it having a long way to go up to get back to somewhere it can start to continue to push down again.
  • #6,186
  • Edited 5:13pm Mar 28, 2010 2:58pm | Edited 5:13pm
I have compared last two weeks.

Last week's volume a bit higher than previos week.

On the other hand, last week's price spread is narrower than previous one. In other words, in terms of effort&result, more effort but less result, something resist go further down the price. It's should gone furhet down with more gasoline.

Then, it should mean, there is buying dips, selling climax or.

besides, there are two stopping volumes before these two bars.

also, if you look at montly graph, march's volume a bit lower, however, february's prices spread is nearly doubled . so, selling is stopped by buying from profs.

or does it mean that selling just got slowed ?

all I understood from the graphs above. do I miss something ?

any criticism will be higly appreciated.

thanks all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu weekly.JPG Size: 232 KB
Click to Enlarge Name: monthly.JPG Size: 220 KB
  • #6,187
  • Edited 9:37am Mar 29, 2010 5:41am | Edited 9:37am
Selling will really stop when ~95 % of ANY "public forum" users will think that now we are back in downtrend.

Best,
Tom

Quoting bruceli
I have compared last two weeks.

Last week's volume a bit higher than previos week.

On the other hand, last week's price spread is narrower than previous one. In other words, in terms of effort&result, more effort but less result, something resist go further down the price. It's should gone furhet down with more gasoline.

Then, it should mean, there is buying dips, selling climax or.

besides, there are two stopping volumes before these two bars.

also, if you look at montly graph, march's volume a bit lower, however, february's prices spread...
  • #6,188
  • Mar 29, 2010 10:04am Mar 29, 2010 10:04am
very strange things occured today.

for example, one of one hour bar was it lows where it opened, and in laat 1 mintue, even 10 seconds, it closes on its high.

it happened several times today.

then, could we trust in these type of bars ?
  • #6,189
  • Mar 29, 2010 10:13am Mar 29, 2010 10:13am
Quoting bruceli
very strange things occured today.

for example, one of one hour bar was it lows where it opened, and in laat 1 mintue, even 10 seconds, it closes on its high.

it happened several times today.

then, could we trust in these type of bars ?

if talking about gu ... do not forget major support 1.4950 and 4 hour in upturned since Fridays lows.

There have been 3 x high volume 60 min bars but seems like range day for now with support 1.4960 r at 1.5000

At 1.5020 that is major s/r level on charts. we do not have the power to break this today so far
Blogging daily now at www.volume.zone
  • #6,190
  • Mar 29, 2010 10:46am Mar 29, 2010 10:46am
Quoting malcolmb14
if talking about gu ... do not forget major support 1.4950 and 4 hour in upturned since Fridays lows.

There have been 3 x high volume 60 min bars but seems like range day for now with support 1.4960 r at 1.5000

At 1.5020 that is major s/r level on charts. we do not have the power to break this today so far
thank you so much malcolmb..
  • #6,191
  • Mar 29, 2010 1:19pm Mar 29, 2010 1:19pm
Quoting bruceli
thank you so much malcolmb..

also something to think about is the ATR of day range

GU daily 14 atr is running baout 150 pip right now.

Tdoast low 1.4891 , makes for a high of about 1.5040 ( with the gap of sunday this may be high ) In fact gu stopped dead on r at 1.5020. So pretty close to days range,

We would need super power coming from US indexes ripping to take GU up thru that resitance , and above the days 14 period ATR
Blogging daily now at www.volume.zone
  • #6,192
  • Mar 29, 2010 1:27pm Mar 29, 2010 1:27pm
Quoting malcolmb14
also something to think about is the ATR of day range

GU daily 14 atr is running baout 150 pip right now.

Tdoast low 1.4891 , makes for a high of about 1.5040 ( with the gap of sunday this may be high ) In fact gu stopped dead on r at 1.5020. So pretty close to days range,

We would need super power coming from US indexes ripping to take GU up thru that resitance , and above the days 14 period ATR
Hey malc,
do you use 14 always as your default for ATR?
  • #6,193
  • Mar 29, 2010 1:41pm Mar 29, 2010 1:41pm
Quoting uraceulose
Hey malc,
do you use 14 always as your default for ATR?

just something i started playing around with

I would think that the tighter the perior ie 14 or even 10 then the better refletion we will get of current days range.
Blogging daily now at www.volume.zone
  • #6,194
  • Mar 29, 2010 1:45pm Mar 29, 2010 1:45pm
Quoting malcolmb14
just something i started playing around with

I would think that the tighter the perior ie 14 or even 10 then the better refletion we will get of current days range.
Okie dokie. Thank you sir
  • #6,195
  • Mar 29, 2010 2:59pm Mar 29, 2010 2:59pm
I don't qualify as a trader. YET. I am only halfway through this thread and still on first reading of MTM, but I like what I have learned so far and expect to join the big boys one day.

Thank you to all who have helped to make this a place where a complete neophyte can learn, and for posting charts and explanations that are understandable. (Well, understandable after MUCH thought!)

Special thanks to Chief1Oar, though I have to say to you also, "what the %&%#8 took you so long to tell me about it??? Thanks, my brother.
  • #6,196
  • Mar 30, 2010 12:18am Mar 30, 2010 12:18am
the hrly chart for GBPUSD looks like a markup b4 a dive. bearish volume divergence anyone can comments or i see wrongly??
Attached Image (click to enlarge)
Click to Enlarge Name: bearish divergence.gif Size: 35 KB
  • #6,197
  • Mar 30, 2010 2:04am Mar 30, 2010 2:04am
Quoting Jmx
the hrly chart for GBPUSD looks like a markup b4 a dive. bearish volume divergence anyone can comments or i see wrongly??
it could be markup period. but i dont like mark up phase, cause they can mark up as much as they want, in my opinion.
and news is very positive, do hey sell the good news ?
  • #6,198
  • Mar 30, 2010 3:23am Mar 30, 2010 3:23am
Hi guys,

GU looks very odd to me, not so easy to see a definate move.

I think its getting ready to come down shortly.

It seams to me that although there is weakness about, the price has drifted upwards due to lack of selling pressure rather than a mark up (with the exception of the 06:45 bar on M15 chart.

However, things could go the other way (like I said.....looks a bit odd).

The next 2 hourly bars will show us whats going on for the short term I think.
  • #6,199
  • Mar 30, 2010 3:31am Mar 30, 2010 3:31am
has anyone else just seen a gap up on GU M15?
  • #6,200
  • Mar 30, 2010 3:33am Mar 30, 2010 3:33am
Don't just jump in.. Be patient. Wait for a no demand bar, like the one that appeared on EU M15.. Watching GU closely now.
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