Oh, and USDX M15 trying out previous bottom again. Dammit, go figure it out.
- #8,343
- Dec 29, 2010 9:42am Dec 29, 2010 9:42am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
weakness at 44 area , still would not be selling this just yet , buying dips is way to go on BP , thinking we may see 70 in 2011
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- #8,344
- Dec 29, 2010 9:50am Dec 29, 2010 9:50am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
do not agree with dr g's analysis
here is 10 min .... yes there was sellers at 1.3140 BUT 20 pip later our highest vol down bar of london came in , right at last weeks close and the level that we moved 120 pip off in asia the other day
we also saw several tests of 3120 thru london
The only sign of weakness is the no demand that just showed up on the 15 min chart .
in fact today is a train wreak on eu , waste of time. New year is drawing near and reality is no one is really trading this week other than computers.
gold had a nice $10 move today and may go higher into 1420 
here is 10 min .... yes there was sellers at 1.3140 BUT 20 pip later our highest vol down bar of london came in , right at last weeks close and the level that we moved 120 pip off in asia the other day
we also saw several tests of 3120 thru london
The only sign of weakness is the no demand that just showed up on the 15 min chart .
in fact today is a train wreak on eu , waste of time. New year is drawing near and reality is no one is really trading this week other than computers.
gold had a nice $10 move today and may go higher into 1420
Blogging daily now at www.volume.zone
- #8,346
- Dec 29, 2010 9:58am Dec 29, 2010 9:58am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #8,347
- Dec 29, 2010 10:01am Dec 29, 2010 10:01am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
no demand 3140 , trying a sell for 20 pip at least
tg did not pick it up , but is does not get everything and it is not a perfect no demand
tg did not pick it up , but is does not get everything and it is not a perfect no demand
Blogging daily now at www.volume.zone
pretty good other than the upthrust is seen at market tops into new highs
the no supply / test was your long entry off 1.3120 support to top channel 3140
Oh Right... up thrusts appear when price breaks into new ground.
So, what would that last up bar with high volume(the one I labeled an upthrust) be called then and what are it's implications?
Thanks for the critique mate!
-SilverKnight
- #8,349
- Dec 29, 2010 10:12am Dec 29, 2010 10:12am
weakness at 44 area , still would not be selling this just yet , buying dips is way to go on BP , thinking we may see 70 in 2011
Attachment
Thanks Mal
Seek not to change the world; seek only to change your mind about the world
- #8,352
- Dec 29, 2010 10:26am Dec 29, 2010 10:26am
- Joined Dec 2009 | Status: Trader | 2,367 Posts
Thanks malcolmb! Glad to see that my studies have not been in vain!
Oh Right... up thrusts appear when price breaks into new ground.
So, what would that last up bar with high volume(the one I labeled an upthrust) be called then and what are it's implications?
Thanks for the critique mate!
-SilverKnight
Lets assume just for a minute, that it was an UT.
What Mal means is that you should not treat it as an UT because it's in the wrong place. We only take special interest in an UT if, like Mal says, it Makes a new recent high and has a bit of volume to back it up.
If you've read MTM and/or seen the various TG videos you'll know all about Polar bears in Hawaii......... your UT would be that Bear!
- #8,353
- Dec 29, 2010 10:31am Dec 29, 2010 10:31am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #8,354
- Dec 29, 2010 10:33am Dec 29, 2010 10:33am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #8,355
- Dec 29, 2010 10:34am Dec 29, 2010 10:34am
- Joined Dec 2009 | Status: Trader | 2,367 Posts
when malcolm talks people should freakin listen
no offense to dr g and i have plenty of respect for him but its almost as if hes tryin to force the market down on euro
low volume= bad vsa. malc taught me that indirectly
A good peice of advice that....to listen to what Mal says. However, ignore Dr. G at your peril. He's been at this VSA game for a very long time and incidently, the advice he was giving earlier, was sound.
If you've been learning from Mal, I hope we can hear a bit from you in this thread.
- #8,356
- Dec 29, 2010 10:43am Dec 29, 2010 10:43am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #8,357
- Dec 29, 2010 10:43am Dec 29, 2010 10:43am
- Joined Dec 2009 | Status: Trader | 2,367 Posts
no demand 3140 , trying a sell for 20 pip at least
tg did not pick it up , but is does not get everything and it is not a perfect no demand
Or better still, exited with your booty
- #8,358
- Dec 29, 2010 10:46am Dec 29, 2010 10:46am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Hope you had your SL set!!!!!
Or better still, exited with your booty
Blogging daily now at www.volume.zone