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  • #1,341
  • Jul 15, 2010 6:49am Jul 15, 2010 6:49am
seems like a gd short on the 5min tf if bar closes below the ND by 1150

Quoting mud3210
EUR/USD
im thnking of going short somewhere between 1.29 to 1.31.. did anyone spot a series of accumulation for EURUSD or issit just me...
  • #1,342
  • Jul 15, 2010 7:48am Jul 15, 2010 7:48am
Quoting HiddenGap
My post about the EURO daily must seems to be getting ignored. The current market condition is strong.

Yesterday's candle was an increasing volume upcandle that opened lower, made a lower low than the previous candle and then closed higher than the close of the previous candle an its own open. This is a KRB. I like KRBs that are not outside bars but this is still strength. If today closes up then...
Hi HG,
Wasn't ignoring your post abt the euro strength. Was just posting what I interpreted, and wanted clarification. The following bars made it quite evident abt following the strength in the background, as the move up was much greater than the move down.

Also, all your posts with clarifications and tips is really appreciated.
REgards,
K.
  • #1,343
  • Jul 15, 2010 7:54am Jul 15, 2010 7:54am
Been asked this a few times by PM so I’ll answer it here.

The Dynamic Balance Point Line is based on Drummond Geometry, the work of Robert Krause, and Chaos Theory (Bill Williams).

It's actually very simple. It is meant to do the same thing as TG diamonds or the Hull Ma-define trend. It also does something else, it brings in the concept of multiple timeframes into the picture. Basically, we are plotting a DYNAMIC higher timeframe on the chart we are looking at.

I will use a daily chart for the construction here.

The daily balance point= (H+L+C)/3

The weekly balance point = (Highest high of the week + lowest low of the week+friday's close)/3. This can only be calculated at the end of the week.

BUT what if we simulate a week every 5 trading days? In other words, after Tuesday, we look back at the last 5 days and take the highest high in those 5 days and the lowest low in those 5 days plus Tuesday’s close and calculate a simulated weekly close. This simulated weekly close would be dynamic because after each day it would calculate again.

If we were using a real week then it would be calculated on Friday and stay the same until the next Friday. A DYNAMIC week changes every day.

Once we have the dynamic balance point. We create a Wilder's smoothed moving average of 5 and then we plot it forward 3 days.

So the basic formula is:

(HHV(5)+LLV(5)+C)/3=DBP

DBPL= 5 period Wilders smoothed moving average plotted 3 intervals into the future.

Basically this is the "teeth" in the chaos alligator created by Bill Williams. And we are just making a dynamic chaos price attractor line of a higher timeframe than the chart we are trading.

5 is the default setting since we started off talking about a daily. I use highest high in 6 intervals and lowest low in 6 intervals on mine because 6x5=30 (minutes). But 5 is fine and it is a FIB number.

For the colors:
If the DBPL is greater than the previous DBPL then the color is BLUE.
If the DBPL is less than the previous DBPL then the color is RED
If the DBPL is equal to the previous DBPL then the color is YELLOW.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,344
  • Jul 15, 2010 7:54am Jul 15, 2010 7:54am
Quoting HiddenGap
Sorry about that. I ment to mention that the opposite is true as well. So both are KRB bars one is just a downside reversal and the other an upside reversal.

For the downside, it would be a buying bar where the open is higher than the close pf the previous candle and makes a higher high, but its close is lower than previous close and lower than its own open.

Type 2 would open Lower than the open of the previous candle but make a higher high and then close lower than both its own open and the previous close.
Okay here goes my question (Chart below).

How would you have interpreted the area where I have those question marks?

I know this is hindsight but from I'd like to know from your perspective what you would have done here. Just to get a clearer picture of down bars with narrow spreads on low volume appearing in the middle of a weak background.

Thanks


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  • #1,345
  • Jul 15, 2010 10:19am Jul 15, 2010 10:19am

  1. Optimize the setting parameters, more logical, more flexible
  2. Besides alert Climax and HighChurn bars, it can alert LowestVol now
  3. Use "|" to seperate bar 0 and bar 1, since bar 0 is forming, the alert is based on bar 1.

Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 iPolo - Volume Monitor v1.1.ex4   9 KB | 361 downloads
  • #1,346
  • Jul 15, 2010 11:22am Jul 15, 2010 11:22am
Quoting Bethel
thanks intel for the insights, seems really hard to determine the background, its like determining that strength is much greater than weakness here is really hard (to me) nearer to the right of the chart, seems to me that its more of weakness, thats why i shorted there n then.

by the way, if trend is down but hulls is green on higher tf, will you still short on the lower tf?

seems like this trade i took is a real high level trade tt only u guy can pull off.

cheers,
Bethel
I'm afraid I don't use any indicators hulls or otherwise. Maybe one of the other guys can answer that for you.

I didn't take that particular trade, like I said, I dont have any charting software while I'm at work so I cant see what's going on. I was only looking at your charts and telling you what I saw. I can't guarantee I would have seen it that way in real time.
  • #1,347
  • Jul 15, 2010 12:16pm Jul 15, 2010 12:16pm
Can someone please post an eSignal chart of daily GU . Do we have decreasing volume on for the past three days?
  • #1,348
  • Edited 12:45pm Jul 15, 2010 12:39pm | Edited 12:45pm
Quoting Fusion
Can someone please post an eSignal chart of daily GU . Do we have decreasing volume on for the past three days?

here is realtimedata...chart on gu daily
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  • #1,349
  • Jul 15, 2010 1:26pm Jul 15, 2010 1:26pm
Quoting Twiitch
here is realtimedata...chart on gu daily
thanks
  • #1,350
  • Jul 15, 2010 1:27pm Jul 15, 2010 1:27pm
first thanks for ur attention.

attached u will see what i was referring too at the time. it's was news time so i should really ignore it...

the big up wick shown with the yellow lines seemed to be there were lots of sellers entering the market. but the imediate candle marked with the blue lines proved otherwise. it was this candle i was refering to as a stopping candle in the begining of a move.

now that i think about it, it even makes sense: the sellers tried to drive pa lower but even more buyers came in and drove pa higher.

hapipipin to u (my pipin has not been so happy these 2 days...)


Quoting HiddenGap
What move are you talking about?

The move on my chart shows a nice 2 Candle reversal. The most important element is that the volume on the first candle, the down candle, is "Yao Ming". It is the largest volume bar that can be seen for some time.

What happens on all that volume?

The market closes off of the lows, and the next candle is up. There is but on conclusion to make of this-this candle contains BUYING/DEMAND.
dreams do come true.
  • #1,351
  • Jul 15, 2010 1:48pm Jul 15, 2010 1:48pm
i dont understand nothing.. we have reached a top, and price now has jumped again with lower volumes... effort to rise ? why, it has been already increased nearly 150 pips...

what i am missing , i dont understand..

poffff
Attached Image (click to enlarge)
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  • #1,352
  • Jul 15, 2010 1:56pm Jul 15, 2010 1:56pm
Quoting wh1zz0
Okay here goes my question (Chart below).

How would you have interpreted the area where I have those question marks?

I know this is hindsight but from I'd like to know from your perspective what you would have done here. Just to get a clearer picture of down bars with narrow spreads on low volume appearing in the middle of a weak background.

Thanks


Attachment

I'm not sure there is any weakness in the background. We do have that up bar on high volume in the immediate background and it does show selling in the next few bars.

But, the first down bar is on volume < prev 2 bars which shows a lack of SM interest. The next down bar is also on volume < prev 2 bars which shows even less interest from SM.

Next we get an up bar but on volume < prev 2 bars. This is a good clue to whats happening. We have all bars since the top, on shorter spreads and decreasing or low volume. This coupled with that very high volume up bar closing in the middle is typical of a stall at a resistance area while SM absorb the supply coming in.

Point to note :-

The ND bar in the middle of this small range can be disregarded. Its close is a bit too high and compared to the previous bar, its range is a bit too wide. Its low was never broken.

Look at the 2 up bars closing on the highs with increasing volume. These are pushing up through the resistance area. That last bar even tho its not closed yet, shows that SM had got it wrong slightly. In that, they had not exhausted all of the supply before pushing.

Overall I think if you look, you might find an area of resistance somewhere near that dotted line you have there.
  • #1,353
  • Jul 15, 2010 2:04pm Jul 15, 2010 2:04pm
Quoting bruceli
i dont understand nothing.. we have reached a top, and price now has jumped again with lower volumes... effort to rise ? why, it has been already increased nearly 150 pips...

what i am missing , i dont understand..

poffff
The experts can chime in but the lower volume has a lot to do with the time of day. After the London close, volumes always decrease for the remainder of the US session, so you kind of have to compare the volume apples to apples.

Re. the no demand bars you labeled, they aren't no demand unless there is clear weakness in the background, and it doesn't seem there is but I'm not sure. But without the weakness, the "no demand" is just a low volume upbar, a "polar bear in Hawaii" I believe.

Also, a 150 pip move daily on GU is common. It could go another 100 same direction and still not be an unusual day.

Anyway, those are some comments for what's it's worth, but again, would like to defer to the more proficient VSA guys here...
  • #1,354
  • Jul 15, 2010 2:09pm Jul 15, 2010 2:09pm
Quoting TC East
The experts can chime in but the lower volume has a lot to do with the time of day....
yes 150 pips nothing...
and last labeled bar jumped 20 pips more while i was postiong here.. it is so wide.. cant be no demand at all..
thanks dor your comments...
  • #1,355
  • Jul 15, 2010 2:11pm Jul 15, 2010 2:11pm
Quoting TC East
The experts can chime in but the lower volume has a lot to do with the time of day. After the London close, volumes always decrease for the remainder of the US session, so you kind of have to compare the volume apples to apples.

Re. the no demand bars you labeled, they aren't no demand unless there is clear weakness in the background, and it doesn't seem there is but I'm not sure. But without the weakness, the "no demand" is just a low volume upbar, a "polar bear in Hawaii" I believe.

Also, a 150 pip move daily on GU is common. It could...
Time of day is right. Look back at what happens to the volumes at 17:00 every day on your charts, they are very similar.

Your marked bars are not a 2 bar reversal. They have too long a lower wick.

The 2nd of the 2 bars has a volume greater than the 1st bar on your chart. On my chart(I'm at home now), it is lower!

Can anyone else confirm please.
  • #1,356
  • Jul 15, 2010 2:12pm Jul 15, 2010 2:12pm
Quoting Intel
Time of day is right. Look back at what happens to the volumes at 17:00 every day on your charts, they are very similar.

Your marked bars are not a 2 bar reversal. They have too long a lower wick.

The 2nd of the 2 bars has a volume greater than the 1st bar on your chart. On my chart(I'm at home now), it is lower!

Can anyone else confirm please.
i am using dukas demo mt4...
  • #1,357
  • Jul 15, 2010 2:13pm Jul 15, 2010 2:13pm
Quoting Intel
Time of day is right. Look back at what happens to the volumes at 17:00 every day on your charts, they are very similar.

Your marked bars are not a 2 bar reversal. They have too long a lower wick.

The 2nd of the 2 bars has a volume greater than the 1st bar on your chart. On my chart(I'm at home now), it is lower!

Can anyone else confirm please.
Using ATC Brokers (FXCM-UK), I show that 2nd bar slightly higher volume, like bruceli's chart.
  • #1,358
  • Jul 15, 2010 2:16pm Jul 15, 2010 2:16pm
on chart, actually, those 2 days seems ranging, but can they be accumulation ? acc 2 days, could push prices more almost 500 pips ?

cheers....

edit: previous day also , as if there is some buying dips, volume increased on down moves... maybe yesterday they once acc ?

today also, while dropping from 1,5395 - to 1,5350s, we have again very high volumes.. can it be re-acc again ?

cheers...
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  • #1,359
  • Jul 15, 2010 2:26pm Jul 15, 2010 2:26pm
are they pulling the price to 1,5522 when we saw in this april ...?
  • #1,360
  • Jul 15, 2010 2:27pm Jul 15, 2010 2:27pm
Quoting TC East
Using ATC Brokers (FXCM-UK), I show that 2nd bar slightly higher volume, like bruceli's chart.
Mmmmmm.....I also use FXCM UK.
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