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  • #321,381
  • Nov 8, 2010 11:29am Nov 8, 2010 11:29am
I have short at 1.3933 with TP 1.3888 and SL 1.3955. I think ichimoku cloud shows short to 1.3850.
  • #321,382
  • Nov 8, 2010 11:33am Nov 8, 2010 11:33am
Quoting paul1
I use time frame based candles for historical analysis.
And as ticks represents trades i only get lots of bars forming when there are lots of trades i also see how quickly they form i feel this gives me a better representation of whats going on combined with the amount of volume.

For instance in news events and highly volatile trading periods .
On a time based chart say 15 minute/5 minute t/f .
no matter what happens during that time you will see one bar and perhaps want to wait for that bar to close for entry to see what price is doing.

On...
Can i add whilst volume is helping me with entries i find whilst doing analysis say hourly time frame , all it shows me is the most active times of the day, check the charts early london ,new york open these are consistently high volume.
In fact just look at london time, 15:00, high probability that will be high volume london/new york overlap?
making green pips large and red pips small this is my goal.
  • #321,383
  • Nov 8, 2010 11:37am Nov 8, 2010 11:37am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 83 KB




scalped to horizontial support
  • #321,384
  • Nov 8, 2010 11:39am Nov 8, 2010 11:39am
eu seem to struggling to get above thet 3950 area

there was buy interest 3880 earlier but every time we get into 3940 area the volume dies off rapidly.

In fact we had a no demand bar at London fixing

For now my chandelier stop on the 1 hour is above us at 1.4020... so selling rallies is way to go for now. So those trading on a higher time for now are ok in the sells... today is just sideways consolidation . Those triyng to pick a bottom on a 60 min ..we may have some buy interest but market has not turned yet

there is a ton of congestion in the way of high volume pivots in this area
Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 157 KB
Blogging daily now at www.volume.zone
  • #321,385
  • Nov 8, 2010 11:41am Nov 8, 2010 11:41am
Quoting redsword11
Attachment

scalped to horizontial support


I am holding out to the demand level, although I have cashed some of it already!

Attached Image
  • #321,386
  • Nov 8, 2010 11:42am Nov 8, 2010 11:42am
Quoting bbakker


I am holding out to the demand level, although I have cashed some of it already!

Attachment

will likely go - WHY? because l closed it ............
  • #321,387
  • Nov 8, 2010 11:44am Nov 8, 2010 11:44am
bear div vol then testing 1.3950 resulted in very low vol up bar

todays point of control 1.3938

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 138 KB




Quoting malcolmb14
eu seem to struggling to get above thet 3950 area

there was buy interest 3880 earlier but every time we get into 3940 area the volume dies off rapidly.

In fact we had a no demand bar at London fixing

For now my chandelier stop on the 1 hour is above us at 1.4020... so selling rallies is way to go for now. So those trading on a higher time for now are ok in the sells... today is just sideways consolidation . Those triyng to pick a bottom on a 60 min ..we may have some buy interest but market has not turned yet

there is a ton of congestion...
Blogging daily now at www.volume.zone
  • #321,388
  • Nov 8, 2010 11:45am Nov 8, 2010 11:45am
Quoting redsword11
will likely go - WHY? because l closed it ............
lol. I will keep one runner just in case it does go!
  • #321,389
  • Nov 8, 2010 11:45am Nov 8, 2010 11:45am
Sure. There are undeniable advantages & disadvantages in trading tick & volume charts (why don't u use volume bar instead and avoid the sub-chart...), especially if you are daytrading fast timeframes ...

The 1st time u see how smooth these bars are, you think wtf you were doing before but as you probably know the disadvantage of losing control of time and the amount of signals (most valid but untradable becasue of speed) you have make them the ultimate addiction for gamblers and impulsive traders.

In general, any vol study in forex is a no no for me for obvious reasons. Second, I think you seem to have a right approach u only use them for triggers (don't u?) ... the only time I use constant vol bar chart is when I need to reduce drawdown when everything is death and I daytrade volatile instruments like NG or CL in futures where a few ticks is a lot of money and vol charts can make a huge difference in entries.

In any case, thanks for sharing and 2 thumbs up for standing aside of the masses.

sisse
Quoting paul1
I use time frame based candles for historical analysis.
And as ticks represents trades i only get lots of bars forming when there are lots of trades i also see how quickly they form i feel this gives me a better representation of whats going on combined with the amount of volume.

For instance in news events and highly volatile trading periods .
On a time based chart say 15 minute/5 minute t/f .
no matter what happens during that time you will see one bar and perhaps want to wait for that bar to close for entry to see what price is doing.

On...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,390
  • Nov 8, 2010 11:45am Nov 8, 2010 11:45am
when's this year's last trading day? december, 23rd?
  • #321,391
  • Nov 8, 2010 11:49am Nov 8, 2010 11:49am
need to be finished with this one. be ready to say EU bulls welcome if price will stay under TL.
Attached Image (click to enlarge)
Click to Enlarge Name: pic 2010-11-08 ? 20-39.png Size: 30 KB


again, XAUEUR is on top + done almost same range, so retrace is likely

Attached Image (click to enlarge)
Click to Enlarge Name: pic 2010-11-08 ? 20-47.png Size: 39 KB


otherwise - not
No crystal ball. I read the cards.
  • #321,392
  • Nov 8, 2010 11:51am Nov 8, 2010 11:51am
Quoting Mr Hatch
when's this year's last trading day? december, 23rd?
15november how many days it will take to begin to trade again ?
  • #321,393
  • Nov 8, 2010 11:53am Nov 8, 2010 11:53am
Quoting bososo
15november how many days it will take to begin to trade again ?
sorry december.
  • #321,394
  • Nov 8, 2010 12:02pm Nov 8, 2010 12:02pm
5M shows divergence in Stochastic and a Positive Reversal in RSI.

There might be another attempt @ 1.3950.

Hourly indicators are moving up, but show little strength though.
50MA is about to cross down 200MA, might trigger a move.(longer term trend confirmation)

Still sideline. Buying an hourly close above 1.3950, selling below 1.3876
  • #321,395
  • Nov 8, 2010 12:11pm Nov 8, 2010 12:11pm
Who needs EUR or USD, I'm laughing all the way to the Bank

with the GOLD and SILVER.. Silver rise 4$/oz in just last few days.

Buy deep, if any and hold.. GOLD 1600+ by Jan 2011.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #321,396
  • Nov 8, 2010 12:15pm Nov 8, 2010 12:15pm
scalping your way to financial freedom... err, a bit pocket-money, kk.
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  • #321,397
  • Nov 8, 2010 12:15pm Nov 8, 2010 12:15pm
Quoting SkyzerFX
Who needs EUR or USD, I'm laughing all the way to the Bank

with the GOLD and SILVER.. Silver rise 4$/oz in just last few days.

Buy deep, if any and hold.. GOLD 1600+ by Jan 2011.

good job but those who can trade a range for 100 pip a day area also laughing all the way to the bank ..today buy 3890 sell 3940 x 4 ...easy

many ways to skin a cat but glad to see you are happier than a pig in shit
Blogging daily now at www.volume.zone
  • #321,398
  • Edited 12:30pm Nov 8, 2010 12:16pm | Edited 12:30pm
Just reading some of last night's posts, Jeeze the stench of arrogance, I hope it ain't gonna be like that tonight... I mean mocking and taking the p*ss, is that really a winner's attitude?

PS. Malc & Redsword, I wasn't referring to you...
  • #321,399
  • Nov 8, 2010 12:18pm Nov 8, 2010 12:18pm
Quoting malcolmb14
good job but those who can trade a range for 100 pip a day area also laughing all the way to the bank ..today buy 3890 sell 3940 x 4 ...easy

many ways to skin a cat but glad to see you are happier than a pig in shit
the louder he screams, the bigger the drop... i know my pigs, when i see them walking. ;-)

to be honest, i'm a bit envious... skyzer will have that much gold and silver, unbelievable.
  • #321,400
  • Nov 8, 2010 12:22pm Nov 8, 2010 12:22pm
Quoting malcolmb14
good job but those who can trade a range for 100 pip a day area also laughing all the way to the bank .
Hi malc, Yeah, evertime I'm trying to scalping on regular basis, Forex scalp

me back
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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