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  • #269,161
  • Jul 8, 2010 11:29pm Jul 8, 2010 11:29pm
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  • #269,162
  • Jul 8, 2010 11:29pm Jul 8, 2010 11:29pm
why dont you wait until some volume drives it insstead of getting into a headfake?
  • #269,163
  • Jul 8, 2010 11:29pm Jul 8, 2010 11:29pm
Quoting T.E.Lawrence
if you look at last three candles on daily chart, we have something like three white soldiers - though on top.
I dont see 3 white soldiers on daily. Pls post the chart
  • #269,164
  • Jul 8, 2010 11:30pm Jul 8, 2010 11:30pm
Quoting sidhujag
Guys its really 50/50 right now... it all depends on new york obviously with the most money. A tthe start the volume pushed it down, but at close volume pushed it up. Depends on the heavy weights... where they take it. Biased based on EU and DJIA
if someone is to decide where to push PA, it would be london chaps, i think
  • #269,165
  • Jul 8, 2010 11:33pm Jul 8, 2010 11:33pm
Quoting T.E.Lawrence
if someone is to decide where to push PA, it would be london chaps, i think
I meant the overlap betwen NY and LONDON the pre market for NY is when to do it along with the open.
  • #269,166
  • Jul 8, 2010 11:34pm Jul 8, 2010 11:34pm
Quoting T@rantula
I dont see 3 white soldiers on daily. Pls post the chart
nevermind, mt4 shows a little bit different candles than oanda, and anyway it doesn't look 100% like tws pattern, so maybe better not to follow that lead
  • #269,167
  • Jul 8, 2010 11:35pm Jul 8, 2010 11:35pm
Quoting sidhujag
why dont you wait until some volume drives it insstead of getting into a headfake?
I prefer to take trades off of fibs and pivots. I'm not good enough @ VSA to take trades purely off of volume activity. I also would not trust the volume of my current broker to be reflective of the entire market. If I end up adding esignal, I will start looking at VSA a lot more seriously. I follow along with Malcolmbs thread now but just more or less sit back and listen/learn and try not to trade live using volume
  • #269,168
  • Jul 8, 2010 11:37pm Jul 8, 2010 11:37pm
Quoting uraceulose
I'm going short on GU right here. pivot point and G/J seems to be tanking...50 pip stop for now. I'll unload half @ 5100 if we get there
May be same complication in gu also , flat correction before the bull to continue & resistance becomes the support.tl there at 1.5245 now and in higher tf next resistance to 1.5483 , long time expecting it . not doing long here though .may take a short chance at tl .
fontu
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  • #269,169
  • Jul 8, 2010 11:37pm Jul 8, 2010 11:37pm
I think at best for bears we have a range or at worst we have a big time bull where bears wait on the sideline for a spike above the 100MA. 2711 was just invalidated but gator is usually right so we'll see what the standard deviation is this time.
  • #269,170
  • Jul 8, 2010 11:38pm Jul 8, 2010 11:38pm
i've opened long @2702, risking 11 pips
  • #269,171
  • Jul 8, 2010 11:41pm Jul 8, 2010 11:41pm
Quoting uraceulose
I prefer to take trades off of fibs and pivots. I'm not good enough @ VSA to take trades purely off of volume activity. I also would not trust the volume of my current broker to be reflective of the entire market. If I end up adding esignal, I will start looking at VSA a lot more seriously. I follow along with Malcolmbs thread now but just more or less sit back and listen/learn and try not to trade live using volume
Dude use the better volume indicator its so vague that any broker will basically show the same thing.. get it? Its not hard to miss where the red bars are... and since the NFP I hypothesized it would go up big time atleast like last rally....Overall trend is still down unless 200 day MA is passed and maintained for awhile before retracement.

You really only need to see what the premarket for NY(london/NY) and end of NY are doing.

Most brokers are using a aggregate pricing model from multiple brokers that themselves are provided liquidity from banks... doesn't matter because of arbritage the pricing won't be that different unless it is a loser broker who is withholding information on purpose... Any popular broker is fine.
  • #269,172
  • Jul 8, 2010 11:41pm Jul 8, 2010 11:41pm
Quoting fontu
May be same complication in gu also , flat correction before the bull to continue & resistance becomes the support.tl there at 1.5245 now and in higher tf next resistance to 1.5483 , long time expecting it . not doing long here though .may take a short chance at tl .
fontu
thank you as always Fontu. I'm careful on these day trades..small trade for me. if stopped out, I may wait to go back to the pivot and try a long to recoop? trade is 5 pips in the red atm
  • #269,173
  • Jul 8, 2010 11:45pm Jul 8, 2010 11:45pm
Quoting sidhujag
Dude use the better volume indicator its so vague that any broker will basically show the same thing.. get it? Its not hard to miss where the red bars are... and since the NFP I hypothesized it would go up big time atleast like last rally....Overall trend is still down unless 200 day MA is passed and maintained for awhile before retracement.

You really only need to see what the premarket for NY(london/NY) and end of NY are doing.
There's a lot more to it.

I use HG's V.5 Better volume indy. it's the best I've seen for MT4. FAR better than standard better volume.

I read VSA basics twice a week for a few months and have read through most of MTM along with watching all 5 of the total 2 hour Tom Williams/Gavin seminar...I know the basics but it's not as easy as just watch for the red bars my friend
  • #269,174
  • Jul 8, 2010 11:46pm Jul 8, 2010 11:46pm
Looks like it's going to be a long. I may be entering at about 2730 on the daily.
Not all sins are created equal
  • #269,175
  • Jul 8, 2010 11:47pm Jul 8, 2010 11:47pm
Quoting T.E.Lawrence
i've opened long @2702, risking 11 pips
already moved sl to be
  • #269,176
  • Jul 8, 2010 11:48pm Jul 8, 2010 11:48pm
EU news was pretty good and Trichet starts speaking in a minute..
  • #269,177
  • Jul 8, 2010 11:50pm Jul 8, 2010 11:50pm
Quoting uraceulose
There's a lot more to it.

I use HG's V.5 Better volume indy. it's the best I've seen for MT4. FAR better than standard better volume.

I read VSA basics twice a week for a few months and have read through most of MTM along with watching all 5 of the total 2 hour Tom Williams/Gavin seminar...I know the basics but it's not as easy as just watch for the red bars my friend

I kindfully agree buddy.. is that even a word? if not I just made it up. You probably know more than me and if so I thank you for telling me about the seminars. It doesn't matter I am using intuition to recreate the wheel for myself in looking at volume to predict movement. For myself I am just thinking that if Volume for today is pushing up during a downtrend then theres a retracement in order... and so far it is what happened during the last downtrun... I also saw based on the top when dow was about to fall that this occurred... I notified my colleague and placed an order for $5k but he backed out and I waited until the morning... ofcourse it gapped down and later was the flash crash which would have netted me ~$100k.

I like to see someones work without the explanation and connect the dots myself that way if the original hypothesis is wrong I will know how and why otherwise you just accept information as right and move on with what doesnt work for you but worsk for someone else.

I guess just seeing price action along with 'knowing' where the momentum is pushing price helps.
  • #269,178
  • Jul 8, 2010 11:54pm Jul 8, 2010 11:54pm
Anybody have any experience with moves like this in the past? Large moves with little or no retracement usually seem to be driven by some fundamental force. I'm still hearing mostly negative news about Europe. Anybody expecting some sort of huge news release that's possibly not public yet but big boys are aware of? Any theories?
  • #269,179
  • Jul 8, 2010 11:56pm Jul 8, 2010 11:56pm
Quoting Awesome
Anybody have any experience with moves like this in the past? Large moves with little or no retracement usually seem to be driven by some fundamental force. I'm still hearing mostly negative news about Europe. Anybody expecting some sort of huge news release that's possibly not public yet but big boys are aware of? Any theories?
For starters retail forex positions are all positioned the wrong way.
  • #269,180
  • Jul 8, 2010 11:58pm Jul 8, 2010 11:58pm
Quoting sidhujag
For starters retail forex positions are all positioned the wrong way.
If you're interested in volume, the senior traders on this thread are some of the best. Malcolmb and HG mainly

http://www.forexfactory.com/showthread.php?t=241760
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