LOL @ Bernanke's comments 
Down we go with the news or what? Had no positions today! Me want pips!
Down we go with the news or what? Had no positions today! Me want pips!
- #5,442
- Oct 15, 2010 7:37am Oct 15, 2010 7:37am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
LOL @ Bernanke's comments
pretty nasty market right now but up move got sold into
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- #5,443
- Oct 15, 2010 7:43am Oct 15, 2010 7:43am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #5,444
- Oct 15, 2010 7:57am Oct 15, 2010 7:57am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
gu trade better in at 1,6065
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- #5,446
- Oct 15, 2010 8:00am Oct 15, 2010 8:00am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #5,448
- Oct 15, 2010 8:56am Oct 15, 2010 8:56am
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #5,449
- Oct 15, 2010 9:37am Oct 15, 2010 9:37am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
thanks for the comments
Shamus turned commercial to market smart .. guess a trader that can trade does and those that have issues with it market software... may be more money in that anyway lol
vsa takes a while to master ... just stick with it , in sideways ranges look for stopping vol or test bottom of range , ut or buying climaxes top of range.
In trends look for tests or stopping vol on down moves ( reatracements).. in down moves look for no demands on retracements ...
Shamus turned commercial to market smart .. guess a trader that can trade does and those that have issues with it market software... may be more money in that anyway lol
vsa takes a while to master ... just stick with it , in sideways ranges look for stopping vol or test bottom of range , ut or buying climaxes top of range.
In trends look for tests or stopping vol on down moves ( reatracements).. in down moves look for no demands on retracements ...
Well, first week positive using VSA.
So, thanks Malcolm giving ideas how VSA works, showing and commenting your charts. Thanks to others who kept showing and commenting their charts also.
"Master the markets" is in a place also (haven't read it completely through yet, hope to get there in a near future. But I have read some chapters many times
).
[color=black][font=Verdana]I like this thread, but Shamus'es thread...
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- #5,451
- Oct 15, 2010 12:23pm Oct 15, 2010 12:23pm
- | Commercial User | Joined May 2009 | 5,751 Posts
"Buy on fear, sell on greed !!!
- #5,452
- Oct 15, 2010 8:07pm Oct 15, 2010 8:07pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #5,453
- Oct 16, 2010 1:31am Oct 16, 2010 1:31am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #5,455
- Edited 11:44pm Oct 16, 2010 10:31pm | Edited 11:44pm
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
was just eyeballing the above chart of Petar_Serbia .....
don't laugh .. i am trying to say it in my own way to get to the bottom of this concept ...
can i say:
1) that range/consolidation is where the accumulation takes place ...hence accumulation ?
2) breakout from this range with heavy volume sets up the (upward) trend ....?
3) the trend in either direction (in above case , uptrend) is where the distribution takes place ..hence distribution ?
4) the double top (potential reversal) is alerting us to range forming again meaning it could be accumulation or considering the next move to drop , breakout again from the range up or down ... ?
5) divergence of volume and price indicates imminent weakness in price and subsequent drop of price ..?
6) previous supports and resistances are potential price targets...
7) for this strategy , we have to monitor the charts hourly to watch out for the volume as it develops in real-time and .... we have to be at our computer to ride out the trade (assuming don't have a fixed target price ) to act according to the development in the volume ... ?
(need to agree that re-programming the mind is a difficult affair .. cheeky )
don't laugh .. i am trying to say it in my own way to get to the bottom of this concept ...
can i say:
1) that range/consolidation is where the accumulation takes place ...hence accumulation ?
2) breakout from this range with heavy volume sets up the (upward) trend ....?
3) the trend in either direction (in above case , uptrend) is where the distribution takes place ..hence distribution ?
4) the double top (potential reversal) is alerting us to range forming again meaning it could be accumulation or considering the next move to drop , breakout again from the range up or down ... ?
5) divergence of volume and price indicates imminent weakness in price and subsequent drop of price ..?
6) previous supports and resistances are potential price targets...
7) for this strategy , we have to monitor the charts hourly to watch out for the volume as it develops in real-time and .... we have to be at our computer to ride out the trade (assuming don't have a fixed target price ) to act according to the development in the volume ... ?
(need to agree that re-programming the mind is a difficult affair .. cheeky
)
- #5,457
- Oct 17, 2010 2:32am Oct 17, 2010 2:32am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
weekly futures chart ...maybe a bit of sideways action but expecting 1.3500 to 1.3200
'
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- #5,458
- Oct 17, 2010 3:02am Oct 17, 2010 3:02am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #5,460
- Oct 17, 2010 4:26am Oct 17, 2010 4:26am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined