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  • #284,401
  • Aug 20, 2010 1:30pm Aug 20, 2010 1:30pm
Quoting frankkn
Are the red lines showing divergence with price and volume?
the red lines shows the candles and the volume

Down candles ultra high volume relative to other candles , closing off the lows is buyers / profit taking

The second candle there is called a shake out ... price drives lower only to find buyer ... most call it a doji , but when these have ultra high volume associated with them it is buyers entering the market.

However due to higher times I am looking for sell oppertunities, things like an up bar into new highs but on ultra low vol, or a doji on an up move that has ultra high vol ( sellers) or a wide spread up candle that has ultra high vol (sellers 90% of time) that has next bar down ...

volume spread analsysis is the study of volume and candle spread ( open to close) realtionship

for example ES had a nice double top on daily at 1124 last week ... i noted chart in my vsa thread , the up moves were on ultra low vol , 2 x no demand bars on the daily and an easy money maker (es is a nd p futures). When you see a set up like this options and futures can be played for large profit gains.
Blogging daily now at www.volume.zone
  • #284,402
  • Aug 20, 2010 1:32pm Aug 20, 2010 1:32pm
Quoting malcolmb14
it was a good week and a bad week . I prefer press sell button MOnday come back collect 500 pip friday lol

this week it was buy sell buy sell buy sell .... no sleep ... alerts every 12 hrs going off .... to much chart time ...etc etc

range trading can be the easiest and the hardest things ... if you do not realize it is a range quickly.

I noted in GU thread that is was going to be an easy week on gu as it was going into that 1.5550 to 1.5650 range we had on the left side before spike up .... and it was .. just a lot of screen time
yes it is bro, sometime to have another work is good because that make me have no time to trade in market like this lol

any way below my previous post and DX chart 4h and the question where it is gonna Close today!

Quoting egkid
DX on 4h made double top And " N shape " and i don't like it, I wounder if we can go higher with DX before today close and still waiting to see e/u go down More

Any way I locked good profit and my current Position "Half of my position" SL@BE because weekend.
Was expecting 1.26 by today but seems i was wrong
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  • #284,403
  • Aug 20, 2010 1:32pm Aug 20, 2010 1:32pm
Quoting macsetta
Ciao Guys,I have not posted anything for a while but it does not mean that I have not taken profit from your advice. I was sure that it would go lower, so I have a short from 2686, in the hope it reaches 2650. do you think I should get out now in order not to lose more? I do not want to keep it over the weekend, I have only bad experience to keep it over the weekend. Thanks and have a nice and relaxing weekend.

it can increase, this week ASIA session went + 100 , Western -100 or other way.

But most of the negative news comes in the weekend
  • #284,404
  • Aug 20, 2010 1:33pm Aug 20, 2010 1:33pm
Quoting malcolmb14
the red lines shows the candles and the volume

Down candles ultra high volume relative to other candles , closing off the lows is buyers / profit taking

The second candle there is called a shake out ... price drives lower only to find buyer ... most call it a doji , but when these have ultra high volume associated with them it is buyers entering the market.

However due to higher times I am looking for sell oppertunities, things like an up bar into new highs but on ultra low vol, or a doji on an up move that has ultra high vol ( sellers)...
how many got caught in this move up today on ultra high volume htinking buyers entering the market?(noted as 1 on the charts) be honest .....that is called a buying climax , with the next bar down and a MAJOR SIGN of weakness

Attached Image (click to enlarge)
Click to Enlarge Name: chart02 au.jpg Size: 162 KB
Blogging daily now at www.volume.zone
  • #284,405
  • Aug 20, 2010 1:36pm Aug 20, 2010 1:36pm
Quoting malcolmb14
the red lines shows the candles and the volume

Down candles ultra high volume relative to other candles , closing off the lows is buyers / profit taking

The second candle there is called a shake out ... price drives lower only to find buyer ... most call it a doji , but when these have ultra high volume associated with them it is buyers entering the market.

However due to higher times I am looking for sell oppertunities, things like an up bar into new highs but on ultra low vol, or a doji on an up move that has ultra high vol ( sellers)...
Wow a big thank you for the detailed reply. I read it a couple times while going through the chart.

Much appreciated dude.
  • #284,406
  • Aug 20, 2010 1:38pm Aug 20, 2010 1:38pm
Quoting malcolmb14
how many got caught in this move up today on ultra high volume htinking buyers entering the market?(noted as 1 on the charts) be honest .....that is called a buying climax , with the next bar down and a MAJOR SIGN of weakness

Attachment

Still holding shorts from last week. I added to my position today and the stop for that one is at 2730.
  • #284,407
  • Aug 20, 2010 1:39pm Aug 20, 2010 1:39pm
Quoting wannaberich
i call it chicken bone reading
But what is it?
  • #284,408
  • Aug 20, 2010 1:42pm Aug 20, 2010 1:42pm
just read his last posts for a starter.

hapipipin
dreams do come true.
  • #284,409
  • Aug 20, 2010 1:42pm Aug 20, 2010 1:42pm
Quoting Hdkr
But what is it?
Like 2 seconds ago malcolmb said it was looking at the spread of the bars and taking into account the volume and the close.

(If you're good) You can tell what the intentions of the big boys are with this info. You have to be able to put it in context with psychology and supply/demand I think, it seems complicated but worth while if you have the balls.
  • #284,410
  • Aug 20, 2010 1:43pm Aug 20, 2010 1:43pm
Quoting macsetta
Ciao Guys,I have not posted anything for a while but it does not mean that I have not taken profit from your advice. I was sure that it would go lower, so I have a short from 2686, in the hope it reaches 2650. do you think I should get out now in order not to lose more? I do not want to keep it over the weekend, I have only bad experience to keep it over the weekend. Thanks and have a nice and relaxing weekend.
At the moment your odds are 50/50.
An edge would be to wait for break below closest low,to go short.
Until proven otherwise it's in 40 pip range of 1.2700.
Range= 1.2718 high.
1.2672 low.
So punk you feeling lucky? (think thats what clint eastwood said)but i could be wrong.
making green pips large and red pips small this is my goal.
  • #284,411
  • Aug 20, 2010 1:45pm Aug 20, 2010 1:45pm
Quoting Hdkr
But what is it?
it is a volume analysis technique...
  • #284,412
  • Aug 20, 2010 1:46pm Aug 20, 2010 1:46pm
Quoting malcolmb14
how many got caught in this move up today on ultra high volume htinking buyers entering the market?(noted as 1 on the charts) be honest .....that is called a buying climax , with the next bar down and a MAJOR SIGN of weakness

Attachment
pretty chart btw
  • #284,413
  • Aug 20, 2010 1:47pm Aug 20, 2010 1:47pm
Quoting frankkn
Like 2 seconds ago malcolmb said it was looking at the spread of the bars and taking into account the volume and the close.

(If you're good) You can tell what the intentions of the big boys are with this info. You have to be able to put it in context with psychology and supply/demand I think, it seems complicated but worth while if you have the balls.
U have to remember No bodies Perfect 100%
But after all no doubt he is Profitable and good trader
  • #284,414
  • Aug 20, 2010 1:48pm Aug 20, 2010 1:48pm
Quoting paul1
At the moment your odds are 50/50.
An edge would be to wait for break below closest low,to go short.
Until proven otherwise it's in 40 pip range of 1.2700.
Range= 1.2718 high.
1.2672 low.
So punk you feeling lucky? (think thats what clint eastwood said)but i could be wrong.

Thanks. All day all in all I was lucky... the last step was stupid and greedy-
  • #284,415
  • Aug 20, 2010 1:48pm Aug 20, 2010 1:48pm
Quoting egkid
yes it is bro, sometime to have another work is good because that make me have no time to trade in market like this lol

any way below my previous post and DX chart 4h and the question where it is gonna Close today!


Attachment
indexes getting a lift into close .... remember it is options expiry today and after last week I bet there are a good few puts out there that are getting exercised today
Blogging daily now at www.volume.zone
  • #284,416
  • Aug 20, 2010 1:53pm Aug 20, 2010 1:53pm
Quoting malcolmb14
how many got caught in this move up today on ultra high volume htinking buyers entering the market?(noted as 1 on the charts) be honest .....that is called a buying climax , with the next bar down and a MAJOR SIGN of weakness

Attachment
not me.. but i was sleeping.. but this chart is 6 weeks old... murrey is a lot younger
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those who can, do. those who cant, talk about those who can
  • #284,417
  • Aug 20, 2010 1:57pm Aug 20, 2010 1:57pm
Quoting gatorinla
not me.. but i was sleeping.. but this chart is 6 weeks old... murrey is a lot younger
not me either by pure fluke i had a sell orde 1.2828 that got filled closed it for 155 pip....again by pure fluke as i woke up late , otherwise i would have fiddled with it and closed it early.

I will wait to see what happens today , see what I have for value area and project those lines thru Sunday / monday for battle lines.
Blogging daily now at www.volume.zone
  • #284,418
  • Aug 20, 2010 2:02pm Aug 20, 2010 2:02pm
Where does e/u open Monday if Iran nuclear plant/s hit this weekend?
  • #284,419
  • Aug 20, 2010 2:02pm Aug 20, 2010 2:02pm
Quoting malcolmb14
not me either by pure fluke i had a sell orde 1.2828 that got filled closed it for 155 pip....again by pure fluke as i woke up late , otherwise i would have fiddled with it and closed it early.

I will wait to see what happens today , see what I have for value area and project those lines thru Sunday / monday for battle lines.
How do you figure your value area in forex?
  • #284,420
  • Aug 20, 2010 2:05pm Aug 20, 2010 2:05pm
Quoting frankkn
How do you figure your value area in forex?
what do u mean by value area?
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