Dislikedwhipsaw mode, nevertheless, i wouldn't wanna buy against those three massive guys yet!Ignored
- #8,262
- Dec 29, 2010 3:16am Dec 29, 2010 3:16am
whipsaw mode, nevertheless, i wouldn't wanna buy against those three massive guys yet!
supply swamping demand aka upthrust aka retest of breakdown bar ..
- #8,266
- Dec 29, 2010 3:22am Dec 29, 2010 3:22am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #8,267
- Dec 29, 2010 3:23am Dec 29, 2010 3:23am
- | Joined Dec 2010 | Status: stockmarketmindgames@gmai l.com | 109 Posts
The reversal area was a near perfect setup for me except, there was no NS after the SO. So I didn't enter. I should have taken the support into account and used the low volume down bar previous to the SO for my entry.
Ah well, cant catch em all.
- #8,271
- Dec 29, 2010 3:39am Dec 29, 2010 3:39am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
bets are still accepted 
will we get another damn big 10m ND bar in the spot of the previous nd bar here or not? 2 minutes to go
the winner gets a cookie.
will we get another damn big 10m ND bar in the spot of the previous nd bar here or not? 2 minutes to go
the winner gets a cookie.
- #8,273
- Dec 29, 2010 3:41am Dec 29, 2010 3:41am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
- #8,275
- Dec 29, 2010 3:55am Dec 29, 2010 3:55am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
thanks,
ive been just woken up by nubcake that volume data is not real volume,its just tick which is activity ,so if real volume is not shown,and the volume indi just gives us a indication of bidspread activity ,whats the point of even using volume?is it good to just look at the charts,without volume
Futures volume for currencies on the other hand is centralized since the prices flow from the exchange, and you will see Malcolm and others utilizing them in the same manner.
A tick can be very small lot sizes or large ones, but it won't be 1 tick representing millions of lots that SM might be moving as they have to spread this out, and, chances you're not seeing that in your broker's volume, but rather in the PA and background of the chart. Don't fall into the trap of doubting that volume is relevant for fx - it has been proven by too many, far beyond the expertise of HG, Malcolm & Intel. It works the vast majority of times, but like everything in trading, is not foolproof.
You've published some good educational links - and used them I presume - so don't go undoing all that by becoming a doubter - just because I've never been to Antartica doesn't mean I stop believing it's there, simply because it's left off most maps!.
- #8,276
- Dec 29, 2010 4:05am Dec 29, 2010 4:05am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
see how we were still not able to make a higher high on the second attempt. the PA here is pretty distributish to me and i'm pretty sure we go back for 3100 at least. short triggered for me 3140 again, weakness still persists. the second entries from lower highs are way more interesting than the first ones.
if the trade fails, the market was wrong, not me
if the trade fails, the market was wrong, not me
- #8,278
- Dec 29, 2010 4:19am Dec 29, 2010 4:19am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
