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  • #6,621
  • Apr 11, 2010 6:40pm Apr 11, 2010 6:40pm
Quoting wh1zz0

Whether it is the amount of orders going through or the amount of times the price changed is not important. The most important thing is that the information we get by looking at volume shows us activity and this is all we are interested in. It works.
Hmm.. I would not try to turn a believer into a non believer... but I might inform you that you have still not mastered the art of independent thinking, you have simply changed teams.

He said open your mind in one of his first videos.. if the fundamental reason for the logic is incorrect, it makes sense you are at a disadvantage.
  • #6,622
  • Apr 11, 2010 6:44pm Apr 11, 2010 6:44pm
Quoting Intel
It gaps down to reversal then gaps up away from it. Both of the reversal bars have a gap above them, this is the interesting part.
That's a broker gap. You can verify by looking at another broker, you'll see it only appears on your FXCM platform.
  • #6,623
  • Apr 11, 2010 7:02pm Apr 11, 2010 7:02pm
Quoting asgard2
Hmm.. I would not try to turn a believer into a non believer... but I might inform you that you have still not mastered the art of independent thinking, you have simply changed teams.

He said open your mind in one of his first videos.. if the fundamental reason for the logic is incorrect, it makes sense you are at a disadvantage.
This has nothing to do with independent thinking.

There's a difference between fact and perception. I believe in facts backed/proved by statistics and reason. Now you have tried to re-define FX Volume by simply saying "trust me on this".

Now let me ask you, what do you aim at achieving by re-defining what Forex volume is (a topic which has long been discussed and analyzed) when we have known so far that all we're interested in is relative volume??

Basically, the problem with people is that they try to complicate things when there really isn't any issue to be discussed. If there is, kindly back it up.
  • #6,624
  • Apr 11, 2010 7:10pm Apr 11, 2010 7:10pm
Quoting wh1zz0
This has nothing to do with independent thinking.

There's a difference between fact and perception. I believe in facts backed/proved by statistics and reason. Now you have tried to re-define FX Volume by simply saying "trust me on this".

Now let me ask you, what do you aim at achieving by re-defining what Forex volume is (a topic which has long been discussed and analyzed) when we have known so far that all we're interested in is relative volume??

Basically, the problem with people is that they try to complicate things when there really...
Whatever... If you can't be bothered thinking about the ramifications, I am not going to change your mind.

Go for it! I really am glad your account is building.
  • #6,625
  • Apr 11, 2010 7:27pm Apr 11, 2010 7:27pm
Transaction or tick

I wax referring to transaction you are referring to ticks

here you go read this it explains it better

http://www.forexfactory.com/showpost...postcount=4750

Quoting asgard2
Forex Volume is not the amount of orders going through.. trust me on this.. it is the amount of times the price changed or new quote is given, that's all. When people know that, they can read the whole chart in a totally different light.


If the method is working, I would like to know so I was asking how you are all going on your live accounts?

Thanks for your efforts to reply, really appreciated!

cheers A
Blogging daily now at www.volume.zone
  • #6,626
  • Edited 9:01pm Apr 11, 2010 8:40pm | Edited 9:01pm
Quoting malcolmb14
Transaction or tick


here you go read this it explains it better
Ok.. I think you are all missing the point.

The point is this is the system designed by Mr Williams abeit modified in places by some of those promoting the system.

These are some of my concerns and think the system will work to a large degree.

However it has some flaws, ie if the tick is not an order which is the premise a lot of it is based on.. there will be no shake out as per saye.

The supply and demand equation does not work because there will never be lack of supply. The reason this is so is because unlike shares, you need not own them to sell them and currency in forex will probably never suffer from lack of supply.

I went back through the charts and looked at retests.. they come in most of the time at high volume rather than low volume. Just look at the charts yourself. The reason for that is obvious so I don't have to tell you why.

We all agree the markets are manipulated and there is no argument from me.

it stands to reason that if this is so, the market makers can move the price but they can also move the volume at times of low risk.

Wake UP was the number plate.. the system is not an exact fit for forex and most people will loose their money if they rely solely on that system without thinking about some of those points.

If I am wrong and it has made you all millions.. I am happy to hear about it.

The bar charts are just simple regular candle patterns if you translate them back to candles.
Everyone knows those patterns if not the new terminology applied to them and they are not unique.

The volume trading is important but only with an eye towards market manipulation and an understanding that all money that moves a forex market is likely to be professional.

Retail traders cannot/doNot move a market unless they are ECN but they can have a big impact on volume. That is why trade hours matter and volume filtering is nessasary.

Still.. I am sure, just like his oil story, you will all give me a hard time, but I am a professional trader of forex only.
  • #6,627
  • Apr 11, 2010 8:49pm Apr 11, 2010 8:49pm
Quoting Intel
......I have never seen this 'double' gapping move before and was wondering if it holds any significance for the move ahead or is it just coincidence?
I don't know if the gaps are real or "broker" gaps but you have to trade what you see.

As far as significance goes, I am not sure of the VSA answer. MTM talks of gaps followed by wide spread bars to lock traders in, but I don't know if that applies in this situation.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,628
  • Apr 11, 2010 9:52pm Apr 11, 2010 9:52pm
Good day all!

Here is an up update from my previous post on GU:
ref:http://www.forexfactory.com/showpost...postcount=6590

As expected, GU broken the bullish ascending triangle pattern & pausing for a possible upmove to continue to meet the target objective, any signs if weak demand can be views as a bullish continuation.

NOTE: GU broke with a gap up just like last week opening, but compare to last week we should not expect any retracement due to the lack of proximity of resistance clusters compare to last week.

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  • #6,629
  • Apr 11, 2010 10:05pm Apr 11, 2010 10:05pm
Nice chart! It should be weak supply?

Cheers,

Quoting lascavel
Good day all!
As expected, GU broken the bullish ascending triangle pattern & pausing for a possible upmove to continue to meet the target objective, any signs if weak demand can be views as a bullish continuation.

NOTE: GU broke with a gap up just like last week opening, but compare to last week we should not expect any retracement due to the lack of proximity of resistance clusters compare to last week.

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  • #6,630
  • Apr 11, 2010 10:07pm Apr 11, 2010 10:07pm
nice post.

I do not really count Asia volume so ot sure that weakness you see there is valid till it is proven in a regular volume session .

Quoting lascavel
Good day all!

Here is an up update from my previous post on GU:
ref:http://www.forexfactory.com/showpost...postcount=6590

As expected, GU broken the bullish ascending triangle pattern & pausing for a possible upmove to continue to meet the target objective, any signs if weak demand can be views as a bullish continuation.

NOTE: GU broke with a gap up just like last week opening, but compare to last week we should not expect any retracement due to the lack of proximity of resistance clusters...
Blogging daily now at www.volume.zone
  • #6,631
  • Apr 11, 2010 10:09pm Apr 11, 2010 10:09pm
Quoting asgard2
.....The supply and demand equation does not work because there will never be lack of supply. The reason this is so is because unlike shares, you need not own them to sell them and currency in forex will probably never suffer from lack of supply....
If the words supply and demand bother you in spot forex, substitute the words weakness and strength respectively.

The path is smooth, why do you throw rock in fornt of you?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,632
  • Apr 11, 2010 10:20pm Apr 11, 2010 10:20pm
Quoting wh1zz0
That's a broker gap. You can verify by looking at another broker, you'll see it only appears on your FXCM platform.
Oh bugger

Thanks for that.

You also HG.
  • #6,633
  • Apr 11, 2010 10:51pm Apr 11, 2010 10:51pm
Quoting HiddenGap
If the words supply and demand bother you in spot forex, substitute the words weakness and strength respectively.

The path is smooth, why do you throw rock in fornt of you?
I feel like calling you Master and we are all grass hopper.
Blogging daily now at www.volume.zone
  • #6,634
  • Apr 12, 2010 12:26am Apr 12, 2010 12:26am
Quoting asgard2
Hi All,

I have sat around all day and gone through the boot camp CDs posted here and I have gone back over the charts for comparison setups and results.........

Quoting asgard2
.........They dont seem to address or warn of events that effect the volume. Is no one worried about that?

Please don't get me wrong, volume is hugely important but it must be well understood in the forex market for exactly what it is and how it works.
This is straight from CD1.

A. Hidden potential selling. Markets do not like wide spread up candles on very high volume. This is the first sign of weakness. When weakness appears it appears on up candles.

B. The range of this candle narrows and the close in the middle. Volume, while still high, is less than the previous two candles. This is no demand. Another sign of weakness.

C. Price continues to rise on a wide spread up candle closing near its high. But the volume is moving in the opposite direction. That is, it is decreasing. Again, it is less than the previous two candles. This is no buying pressure. Not specifically talked about in the CD, but the concept-rising prices on low volume is weakness is directly from the CD.

D. Narrow range up candle on volume less than the previous two candles. No demand yet again.

E. The third bar type mentioned on CD1: Up Thrust. We have a candle that closes higher than the previous candle, makes a higher high, but closes in the lower portion of its range. This is a sign of weakness. Volume can be either high or low. In this case it is high.

For what it is worth, the second type of bar mentioned appears infrequently: end of a rising market. Something they mention in the CD.

F. After we have seen an Up thrust and all the prior background weakness, we get another up candle on volume less than the previous two candles. Our friend no demand yet again.

Personal trading style matters. I like to see the up thrust and the no demand after that. Others have their own idiosyncrasies. For me this is the place to look to get short.

Notes:

1. Malcolmb trades on larger timeframes and likes larger moves. That's a personal choice. From my perspective, if you want more money, trade more contracts.

2. The CD states that currencies tend to move quickly. In this chart the Euro did.

3. The CD states that the larger the up move, the larger the down move would likely be. Here again we see this word for word. Note how small the up move was prior to the down move. Many would call the down move a retrace.

4. Tom said that a bear market would need a distribution phase, or a mushroom top effect. We don't have one here, and the market goes down but a true bear move does not ensue. Yet again word for word with the CDs.

Everything Todd & Tom talk about shows up on this chart. Everything they said would not be present, is absent. It's simple logic. It makes sense. Don't fight the tape and don't fight us.

You can replay the first CD with this chart on split screen...........
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,635
  • Apr 12, 2010 1:39am Apr 12, 2010 1:39am
Quoting HiddenGap
This is straight from CD1.

..
Mate, I get it and I know your belief will not be shaken. When Galleleao said the world was round.. he was a heretic.

Did you also get from CD 1, that he couldn't be sure whether he had placed a buystop or a limit order above the retest? Then he followed through and said it was a limit order. That doesn't sound odd to you? If I was dealing in forex every day.. I honestly don't think I would have a problem with that one.

My belief will not be shaken either because I have thought about it hard, they didn't change the herd mentality, they changed the dog.

Honestly.. I don't care and I am pleased if you guys are making money. That is all that matters at the end of the day.

I will follow the thread with interest... right now I am waiting to see if the GBP forcast comes off. I guess it has a 50% chance by default.
  • #6,636
  • Apr 12, 2010 2:35am Apr 12, 2010 2:35am
update on GU continue from previous post
ref: http://www.forexfactory.com/showpost...postcount=6629


GU have retrace instead, now at 50% level of the swing AB, after shakeout. Strength is appearing at this retrace level which is just above the previous resistance hi of last friday.

We could expect some more strengths & test of supply before any significant upmove.

(I will update on a revise target in view of latest swing formed, if necessary )

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  • #6,637
  • Apr 12, 2010 2:53am Apr 12, 2010 2:53am
Thank You for this and previus example.

Best,
Tom

Quoting HiddenGap
This is straight from CD1.

A. Hidden potential selling. Markets do not like wide spread up candles on very high volume. This is the first sign of weakness. When weakness appears it appears on up candles.

B. The range of this candle narrows and the close in the middle. Volume, while still high, is less than the previous two candles. This is no demand. Another sign of weakness.

C. Price continues to rise on a wide spread up candle closing near its high. But the volume is moving in the opposite direction. That is, it is decreasing....
  • #6,638
  • Edited 3:34am Apr 12, 2010 3:19am | Edited 3:34am
Quoting asgard2
.......Did you also get from CD 1, that he couldn't be sure whether he had placed a buystop or a limit order above the retest? Then he followed through and said it was a limit order. That doesn't sound odd to you? If I was dealing in forex every day.. I honestly don't think I would have a problem with that one..
To be honest I did not hear that. That's not about understanding the market dynamics, it's about the order entry process. Personally, I trade at the market.

What I did hear was:

1. Markets fall faster/easier than they rise because of the inherent nature of what lack of professional support means. Tom even mentioned he knows traders who only go short.

I also heard them say:

A. A wide spread up candle that closes of it high and with the next candle down on climatic or high volume is a sign of weakness. It is potential hidden selling. The next candle down confirms it.

B. Another serious sign of weakness comes in the form of a 2 candle (bar) up thrust. While we would like to see the volume on the second candle increase, it does not have to be. What is of note is the fact that the second bar closes lower than the first candle. In fact in this case it closes lower than the candle A.

C. Narrow range up candle on volume less than the previous two candles. No demand. It's in the correct place with substantial weakness in the background.

Notice that this move comes after a stronger and much more well defined up move than my previous post. It goes down further also. Yet another point I heard from the CDs.

I may not be able to change your mind and you certainly wont change mine on this subject. But you did help galvanize my thinking and for that I have to say thank you. I just find it hard to believe that someone could listen to the same CDs I did and not see what I see just hours later.

One last thing. I also did not hear Todd or Tom spending any time on predictions. They were talking about how to TRADE the market.

"Predictions are great but when predictions and reality diverge, we must always go with reality. Analysis is great, but when analysis and reality diverge, we must always go with reality. Knowledge is great, but when knowledge and reality diverge, we must always go with reality. And what is reality? Simply the way it's actually going right now". The Adam Theory of Markets, J. Welles Wilder, p. 19.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,639
  • Apr 12, 2010 4:10am Apr 12, 2010 4:10am
update on GU form prev post ref: http://www.forexfactory.com/showpost...postcount=6637

with recent showup of weak demand & hidden selling, we could now expect a retracement to test the 50% level again or to lower levels.
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  • #6,640
  • Apr 12, 2010 9:15am Apr 12, 2010 9:15am
Quoting HiddenGap
To be honest I did not hear that. That's not about understanding the market dynamics, it's about the order entry process. Personally, I trade at the market.

What I did hear was:

1. Markets fall faster/easier than they rise because of the inherent nature of what lack of professional support means. Tom even mentioned he knows traders who only go short.

I also heard them say:

A. A wide spread up candle that closes of it high and with the next candle down on climatic or high volume is a sign of weakness. It is potential hidden selling....

Great post
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