So M15 might be a good compromise....that is where I will start.
Cheers
CanuckCT
now what i would like to see is some form of effrot to rise off 1.4700 into 1.4750 ish and it getting hit with ut or no demand
Blogging daily now at www.volume.zone
- #81
- Jun 16, 2010 8:13pm Jun 16, 2010 8:13pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
now what i would like to see is some form of effrot to rise off 1.4700 into 1.4750 ish and it getting hit with ut or no demand
- #82
- Jun 16, 2010 8:18pm Jun 16, 2010 8:18pm
- Joined Dec 2009 | Status: Trader | 2,367 Posts
Signing in.
Sorry to hear that people have been running you down. I'm sure it was undeserved.
Thanks for the new thread
Sorry to hear that people have been running you down. I'm sure it was undeserved.
Thanks for the new thread
- #83
- Jun 16, 2010 8:27pm Jun 16, 2010 8:27pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Size of moves ...
This is a good question. Every day Gu has a range from high to low , some days it is 250 pip some 100. The attached indicator is a range indie for mt4 ... slap it on your charts and set the setting to 21. This will give you the average range for Gu for the last 21 days,
Now how do we use that ?
well ...right now gu average 21 days range is 171 pip. That means form high to low of day is around 170 pip (remember this is an average) . In order to take the average factor into account I take 21 days range x 0.8 = 137 in gu's case. This will be my intial target from what I think is days high / lows , 137 pip.
Then by using vsa / candle patterns we can find potential tops and bottoms of markets.
Here is the GU chart set up for today.
Do not worry to much about when your days open / close is. Even if each traders uses something different a 24 hour window ( as long as you catch London and us in that window) should move about the same.
I have a nifty thing designed for me that is something I click on the charts gives me stop and target , but you may have to do it manually. We can see for this that GU has gone over the 80% of daily range and is likely going to complete 180 pip of daily range into 1.4675 before London
This is a good question. Every day Gu has a range from high to low , some days it is 250 pip some 100. The attached indicator is a range indie for mt4 ... slap it on your charts and set the setting to 21. This will give you the average range for Gu for the last 21 days,
Now how do we use that ?
well ...right now gu average 21 days range is 171 pip. That means form high to low of day is around 170 pip (remember this is an average) . In order to take the average factor into account I take 21 days range x 0.8 = 137 in gu's case. This will be my intial target from what I think is days high / lows , 137 pip.
Then by using vsa / candle patterns we can find potential tops and bottoms of markets.
Here is the GU chart set up for today.
Do not worry to much about when your days open / close is. Even if each traders uses something different a 24 hour window ( as long as you catch London and us in that window) should move about the same.
I have a nifty thing designed for me that is something I click on the charts gives me stop and target , but you may have to do it manually. We can see for this that GU has gone over the 80% of daily range and is likely going to complete 180 pip of daily range into 1.4675 before London
I'm in too.
Three months ago I had zero forex trading experience (yep, never made a trade, never seen a chart or a technical analysis indicator), and now I'm semi regularly taking profitable trades (mostly when I get in front of the PC before the move actually happens, most I miss), in large part due to the charts and comments Malcolm has posted.
Here's a very quick summary of the steps I took to wrap my head
around VSA:
- read Master the Markets - realised volume and it's result on price were the key to understanding what was going on in markets
-...
Blogging daily now at www.volume.zone
- #84
- Jun 16, 2010 8:37pm Jun 16, 2010 8:37pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
here is vsa on the 60 , hulls moving average and the range of day target
This trade was Tuesday trade
even if we got in the low vol test 1.4740 we know that days range has 90% chance of going to 1.4816.
This trade was Tuesday trade
even if we got in the low vol test 1.4740 we know that days range has 90% chance of going to 1.4816.
Blogging daily now at www.volume.zone
- #85
- Jun 16, 2010 8:55pm Jun 16, 2010 8:55pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
as thread progresses i will throw in how to use the value area and vsa together
what is value area ? value area is the price range where 70% of the volume is traded for a day.
If price trades within the prior days value area then it is range day
Down thru the prior days value are it is reversal / bear day
Up thru the prior days value area high it is up day
I have been noted to change my style but in reality all i do is use various styles to end up with a profit at the end of the year. My base style is vsa.... everything stems from that
what is value area ? value area is the price range where 70% of the volume is traded for a day.
If price trades within the prior days value area then it is range day
Down thru the prior days value are it is reversal / bear day
Up thru the prior days value area high it is up day
I have been noted to change my style but in reality all i do is use various styles to end up with a profit at the end of the year. My base style is vsa.... everything stems from that
Blogging daily now at www.volume.zone
- #87
- Jun 16, 2010 10:08pm Jun 16, 2010 10:08pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
following along on this one today as it is in tune wtih es
es is caught in channel 1108 to 1100. If 1109 / 1110 is taken out then this will be bullish and move into 1125.
so far looking for double top to form 79 on aj now
along side aj I watch a 10 min chart es . If that gives me a no demand at 1108 to 1109 I will hit aj on a sell
Attachment
here is the outcome of this trade set up i was following earlier , sadly I lost patience and got out -24,,, it happens
Blogging daily now at www.volume.zone
- #88
- Jun 16, 2010 10:36pm Jun 16, 2010 10:36pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
wow, the NUMBER 1 poster in FF opened his own thread.
best-er thing he made
i dont know how u do it Sir, but u are giving us so much of your personal time.
God bless!
best-er thing he made
i dont know how u do it Sir, but u are giving us so much of your personal time.
God bless!
- #90
- Jun 16, 2010 11:06pm Jun 16, 2010 11:06pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #91
- Jun 16, 2010 11:55pm Jun 16, 2010 11:55pm
hope you got it ...
and to follow on here is how i use hulls moving ave on a 15
hulls turned at top on 15 ..sent alert ( anyone with esignal can have this indciator I will post it later)
1st hting i did was see what higher time frames doing ... 4 hr chart posted earlier , then look for sells as long as hulls stays red .
In this case we got one of may fav sets up -... no demand and then ut
seems to be potential stopping volume so I am out and waiting on a another up move with nd for entry if the down move is to continue.
Hulls is...
Kind Regards
zol
- #96
- Jun 17, 2010 3:11am Jun 17, 2010 3:11am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #98
- Jun 17, 2010 3:30am Jun 17, 2010 3:30am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
Seems to me USD is getting sold across the board.
- #100
- Jun 17, 2010 3:37am Jun 17, 2010 3:37am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs