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  • #7,641
  • Dec 3, 2010 9:01am Dec 3, 2010 9:01am
EU
H4 is still in downtrend and now at the upper trendline.
EU M30 has come up 145 bars.
So, it is possible, that EU is going down, and SM was selling in bad US news and herd was buying.
We will see.
  • #7,642
  • Dec 3, 2010 9:16am Dec 3, 2010 9:16am
Quoting juhanimi
EU
H4 is still in downtrend and now at the upper trendline.
EU M30 has come up 145 bars.
So, it is possible, that EU is going down, and SM was selling in bad US news and herd was buying.
We will see.
Yup, definately possible.
  • #7,643
  • Dec 3, 2010 9:22am Dec 3, 2010 9:22am
I thought I would quickly post that gbpusd is a piece of garbage. Thats all for now.
  • #7,644
  • Dec 3, 2010 9:33am Dec 3, 2010 9:33am
Quoting Intel
Yup, definately possible.
Also possible is that all that volume we've seen lately is pushing price up, and its just stalled a bit at the resistance level befor pushing through.

Our job is to decide which.
  • #7,645
  • Dec 3, 2010 9:40am Dec 3, 2010 9:40am
Yes Intel.
There are many sign of weakness in different timeframes and now we need confirmation, ND or upthrust or both in M15.
  • #7,646
  • Dec 3, 2010 9:50am Dec 3, 2010 9:50am
AU M30

Might have a short setup forming.
  • #7,647
  • Dec 3, 2010 10:01am Dec 3, 2010 10:01am
Quoting Intel
AU M30

Might have a short setup forming.
carefull, check gold.
  • #7,648
  • Dec 3, 2010 10:07am Dec 3, 2010 10:07am
Quoting Sonofsin5
carefull, check gold.
LOL

Didn't realise what time it is anyway. All trades are off for me.
  • #7,649
  • Edited 11:07am Dec 3, 2010 11:07am | Edited 11:07am
Quoting gez40
Taken from another forum on VSA, this guy classes himself as "expert" in his profile...

"The problem is that there is no central data for the forex market. So you do not get the proper data to determine whether there is accumulation or distribution etc.... Esignal provides you the quotes and data of most of the major banks. But when a trade occurs we really do not know if it is $10M being bought or sold or if it is only $1M. Remember the forex market is a trillion dollar market and is virtually a 24 hour market. I have used VSA...
Why do we keep having to beat a dead horse, this argument is the only argument the forex world has in debating vsa's credibility.

Tick volume represents the number of times the bid has changed. You cannot have massive amounts of either buying or selling without having the bid change. Traders cannot flop a 100 mill order down and expect it to be instantly filled, the order has to be absorbed by multiple transactions. This is why referencing a futures chart of the correlating pairs volume will 95% of the time look exactly the same as the forex tick chart. This persons opinion of tradeguiders software has no impact and is completely different than debating vsa's validity as a trading "system" or "method."
  • #7,650
  • Dec 3, 2010 11:49am Dec 3, 2010 11:49am
Quoting Sonofsin5
Why do we keep having to beat a dead horse, this argument is the only argument the forex world has in debating vsa's credibility.

Tick volume represents the number of times the bid has changed. You cannot have massive amounts of either buying or selling without having the bid change. Traders cannot flop a 100 mill order down and expect it to be instantly filled, the order has to be absorbed by multiple transactions. This is why referencing a futures chart of the correlating pairs volume will 95% of the time look exactly the same as the forex...
Sorry Son,

Deleted that post, apologies to all, thought it was funny at first but then decided no room for doubters in this thread, lets keep it positive.
Seek not to change the world; seek only to change your mind about the world
  • #7,651
  • Dec 3, 2010 12:35pm Dec 3, 2010 12:35pm
Quoting gez40
Sorry Son,

Deleted that post, apologies to all, thought it was funny at first but then decided no room for doubters in this thread, lets keep it positive.
gu 4 hour playing out well of that accumualtion

we may have seen a bottom in euro did any one see bernakes comments ?
Blogging daily now at www.volume.zone
  • #7,652
  • Dec 3, 2010 12:48pm Dec 3, 2010 12:48pm
Quoting malcolmb14
gu 4 hour playing out well of that accumualtion

we may have seen a bottom in euro did any one see bernakes comments ?
I got my SL @ 1.3358, I wonder if that's too close. I'd like to see a pop above 1.34 and hold, that would make my weekend.
  • #7,653
  • Dec 3, 2010 12:55pm Dec 3, 2010 12:55pm
Quoting forextine
I got my SL @ 1.3358, I wonder if that's too close. I'd like to see a pop above 1.34 and hold, that would make my weekend.
I think losen the stop ...eu 1.3500 or higher
Blogging daily now at www.volume.zone
  • #7,654
  • Dec 3, 2010 1:02pm Dec 3, 2010 1:02pm
Quoting malcolmb14
I think losen the stop ...eu 1.3500 or higher
Yeah, I re-assessed. 3358 was too close, especially with NY winding down.
  • #7,655
  • Dec 3, 2010 1:48pm Dec 3, 2010 1:48pm
oh and hopefully its straight up to 1.35 no messing around lol.
  • #7,656
  • Dec 3, 2010 6:11pm Dec 3, 2010 6:11pm
Quoting malcolmb14
I think losen the stop ...eu 1.3500 or higher
EU to 1.4? lol
Bernanke on 60 Minutes: Doesn't rule out QE3

http://money.cnn.com/2010/12/03/news...ke_60_minutes/
  • #7,657
  • Edited 6:40pm Dec 3, 2010 6:21pm | Edited 6:40pm
EU H1
I do not believe that this is a trend change, I believe it is only retracement, because we need real accumulation phase to trend change. Now I can`t see any real accumulation here, only that price comes down and then up. And looks like much as previous retracement.

But, as always, I could be wrong.
Attached Image (click to enlarge)
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  • #7,658
  • Dec 3, 2010 7:03pm Dec 3, 2010 7:03pm
Large traders are on the downside.
Attached Image
  • #7,659
  • Dec 3, 2010 7:23pm Dec 3, 2010 7:23pm
is there a way to get red and green diamonds for mt4 ,thats the same as tradeguider method?i see that everyone here uses a red and green line is that the same,anybody know how to get those?
  • #7,660
  • Dec 4, 2010 3:58am Dec 4, 2010 3:58am
Quoting dragan53
is there a way to get red and green diamonds for mt4 ,thats the same as tradeguider method?i see that everyone here uses a red and green line is that the same,anybody know how to get those?
I've seen only 1 indicator that was supposedly diamonds like in tradeguider. But it was rubbish. Basically a moving average. I think the closest you can get to diamonds is by using hull moving average (hma). And I think some were posted on this thread already.
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