no thoughts yet , want to see how Monday evolves
the only comment I have is es ended on an upthrust bar on friday. want to see if we get further weakness.
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- #4,221
- Sep 19, 2010 4:58pm Sep 19, 2010 4:58pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #4,222
- Sep 19, 2010 5:00pm Sep 19, 2010 5:00pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #4,223
- Sep 19, 2010 5:08pm Sep 19, 2010 5:08pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #4,224
- Sep 19, 2010 5:23pm Sep 19, 2010 5:23pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
HG please correct me if I am wqrong on this
supply and demand zones are like support and resistance zones.
support zones are demand zones and resistance zones supply zones
s/r is not one price .. it is a zone sometimes 25 pip wide hence it can be called a zone.
Now looking at the chart in question.
what was the supply and demand zones ? ( 1.5385 to 1.5400 demand zone , 1,5470 to 1,5450 supply zone.
Next question was ... when was the down move ? what time ? well it was right before start of london and was a classic Frankie fake out ... very classic
What do we know about shakes outs ? shakes outs happen when pros want high prices .
so with the supply zone being at 1.5460 area would you expect the up move to end half way thru the channel just cause you see one high vol bar ? No not really , you would be expecting to see the supply above us being tested. and in fact it was with a very nice top
supply and demand zones are like support and resistance zones.
support zones are demand zones and resistance zones supply zones
s/r is not one price .. it is a zone sometimes 25 pip wide hence it can be called a zone.
Now looking at the chart in question.
what was the supply and demand zones ? ( 1.5385 to 1.5400 demand zone , 1,5470 to 1,5450 supply zone.
Next question was ... when was the down move ? what time ? well it was right before start of london and was a classic Frankie fake out ... very classic
What do we know about shakes outs ? shakes outs happen when pros want high prices .
so with the supply zone being at 1.5460 area would you expect the up move to end half way thru the channel just cause you see one high vol bar ? No not really , you would be expecting to see the supply above us being tested. and in fact it was with a very nice top
Guys and HG
Please tell me
I would like to learn to mark those supply demand zones as Mr Hidden Gap doing it
To be able to see what i am looking for after such a moves
In my mind ultra high volume ultra wide bar is alwayes sellers but that is not the case...
Sometimes we have a litle pause and then contination of the up move
How i can see that
Look now here
We have such a 2 bars, ultra wide ultra high volume ..
Where i would look now for a test or for a no deamnd bar
In wich part?
After that second up ultra wide ultra high volume...
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- #4,225
- Sep 19, 2010 5:27pm Sep 19, 2010 5:27pm
- Joined Aug 2010 | Status: Trader | 1,282 Posts
No time for a chat room to be honest as it distracts form trading and will cost me way to much money.
I have only a limited amount of time to trade and need to be 100% focused
However in saying that am thinking of doing a free webinar one day per week for 4 weeks , say a wednesday from 5am to 8:00 pst . This is my typical trading window.
A webinar would be perfect malcolm, thanks for the reply.
- #4,226
- Sep 19, 2010 5:34pm Sep 19, 2010 5:34pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I have shown the chart in question with more bars.
what do we know about it ?
well we know that 1.5580 to 1.5600 is supply zone
I have place a vertical line on the bar that you are asking about
NOw lets looks at background of this trade approaching the supply zone:
There was buyers on every dip to the demand zone and sellers in the supply zone , fact is all of London trend was up so when we see further strength just 50 pip under the resistance zone it could mean a breakout is coming , and in fact this is what we got
what do we know about it ?
well we know that 1.5580 to 1.5600 is supply zone
I have place a vertical line on the bar that you are asking about
NOw lets looks at background of this trade approaching the supply zone:
There was buyers on every dip to the demand zone and sellers in the supply zone , fact is all of London trend was up so when we see further strength just 50 pip under the resistance zone it could mean a breakout is coming , and in fact this is what we got
This is it
I dont know if somebody can understand me
Main problem is in wich area i am looking for test and in wich for no demands , uptrusts
Ok, uptrusts and no demands might be on the top and that is ok
But test and mark that we are still going up?
What is we have now ultra high volume down bar...what is than valid and where i should watch for no demands uptrusts tests....
I have that HGs PDF document and even if it is perfect i still cannot manage to understand some things
This is nice post as well
Mal did it
[color=black][font=Verdana]I...
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- #4,228
- Sep 19, 2010 6:27pm Sep 19, 2010 6:27pm
- | Joined Oct 2008 | Status: Trader | 1,072 Posts
You are correct that is what I meant, I trade Forex but use the FX futures volume on the correlating pair to see my charting data.
The only futures contract i would and have traded is the ES mini.
Sorry for any misunderstandings, I'm a newbie to VSA but know it's valuable importance in trading well.
My point of view was to try and find the best ways and tools for capturing Forex's true volume (or close enough). That's way I was thinking FX Futures might be helpful. Well, at least our posts clarify and help improve our VSA skills.
Peace
- #4,235
- Sep 20, 2010 2:59am Sep 20, 2010 2:59am
Hey, had connection troubles today, so just one trade. Went short EU, got stopped out. The up moves look a little fake to me. I don't know. Can't wrap my head around it. Wanted to short GU, but saw EU up moves and got scared. I'll wait for US session.
Attached a chart of EU 5m. Just some price action at resistance. Before that little up move, there was some checker action. Up, down, up down... Got stopped. Wasn't sure what was going on.
As always - I hate Mondays
Attached a chart of EU 5m. Just some price action at resistance. Before that little up move, there was some checker action. Up, down, up down... Got stopped. Wasn't sure what was going on.
As always - I hate Mondays
