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  • #385,421
  • Feb 13, 2011 12:49am Feb 13, 2011 12:49am
Im sure a few have probably already seen or read the PDF called Mastering The Markets its based around Volume Spread Analysis and written by Roy Didlock. If not look it up and have a read. Cant attach as a file as its too large.

http://vsa.pipbuilders.com/mtmv3.pdf

Thats me done for volume, I dont trade using volume so either way doesnt bother me but was just curious on some more information about it.


Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #385,422
  • Feb 13, 2011 1:16am Feb 13, 2011 1:16am
Quoting gatorinla
need a entry candle.. 3556/62 ish... no candle, no trade (to limit sl). ... news pending about Egypt...
i entered early, at wave one before this... but here is #2.. . waiting to c if its capped now at 3581 ish...3581 may be a good resistance or 3562.. we will c..
those who can, do. those who cant, talk about those who can
  • #385,423
  • Feb 13, 2011 1:30am Feb 13, 2011 1:30am
Quoting gatorinla
i entered early, at wave one before this... but here is #2.. . waiting to c if its capped now at 3581 ish...3581 may be a good resistance or 3562.. we will c..
predictive says 3402.. support at 3385 ish... looking for a bounce to unload and reload in this area with candle confirmation.
later.. first things first. support and resistance can trump a candle. whos gonna give up the booty 3581 or 3500...
those who can, do. those who cant, talk about those who can
  • #385,424
  • Feb 13, 2011 1:40am Feb 13, 2011 1:40am
Quoting gatorinla
btw.. bp .. has yet to go to court.. since i live here and wall street likes to float bs. i will tell you about 100% of businesses are still affected by the spill. this region was affected less then most of the country prier to the spill from the economic turn-down. a local man going to court in a local region has its advantages. the fat lady aint song yet on this one.
Quoting gatorinla
i entered early, at wave one before this... but here is #2.. . waiting to c if its capped now at 3581 ish...3581 may be a good resistance or 3562.. we will c..
Quoting gatorinla
predictive says 3402.. support at 3385 ish... looking for a bounce to unload and reload in this area with candle confirmation.
later.. first things first. support and resistance can trump a candle. whos gonna give up the booty 3581 or 3500...
I thought the market was open looking at your posts, then I realized its sunday morning. Dude, its 2 am in LA , go to bed lol
  • #385,425
  • Feb 13, 2011 2:45am Feb 13, 2011 2:45am
Quoting walb99
http://www.facebook.com/album.php?ai...226392&theater
yeah , waiting how this weekly 3 star bear works , last doji as confirmation of the evening doji earlier & big down candle expecting weekly.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #385,426
  • Feb 13, 2011 3:01am Feb 13, 2011 3:01am
is the things happening at Egypt going to strengthen EUR?
  • #385,427
  • Feb 13, 2011 3:02am Feb 13, 2011 3:02am
Quoting Honored
I thought the market was open looking at your posts, then I realized its sunday morning. Dude, its 2 am in LA , go to bed lol
the market is open
those who can, do. those who cant, talk about those who can
  • #385,428
  • Feb 13, 2011 3:26am Feb 13, 2011 3:26am
My plan for next week.
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  • #385,429
  • Feb 13, 2011 3:30am Feb 13, 2011 3:30am
Quoting fontu
yeah , waiting how this weekly 3 star bear works , last doji as confirmation of the evening doji earlier & big down candle expecting weekly.
fontu

Fantastic chart Fontu... didn't spot that... adds to my confidence of more bear next week... or tonight...
  • #385,430
  • Feb 13, 2011 3:38am Feb 13, 2011 3:38am
Quoting EricKamezou
is the things happening at Egypt going to strengthen EUR?
Forget the news or Egypt , they are all very temporary , market need not any to hold , if any priced in & over . Again will look something/somewhere to have our gratification if it goes or down & basically the world economy not change with any such events . Just I believe.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #385,431
  • Feb 13, 2011 3:41am Feb 13, 2011 3:41am
123 reversal? lower purple horizontal line marks target area for this...
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  • #385,432
  • Feb 13, 2011 3:53am Feb 13, 2011 3:53am
Quoting fontu
yeah , waiting how this weekly 3 star bear works , last doji as confirmation of the evening doji earlier & big down candle expecting weekly.
fontu
Hi Fontu, nice selloff in the weekly I see.... This is how I look at it longer term... days-weeks...

First i think we will have a bull break up penetrating 1.3600 then slowly fade down before falling down below 1.3500...

I believe its going down mainly because a double bottom almost never works out, and if it does, it works because it becomes a triple bottom...

So playing it safer would be sell 1.3450 and buy 1.3650.... 200 pip SL on each
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  • #385,433
  • Feb 13, 2011 4:10am Feb 13, 2011 4:10am
Quoting Larseg
Hi Fontu, nice selloff in the weekly I see.... This is how I look at it longer term... days-weeks...

First i think we will have a bull break up penetrating 1.3600 then slowly fade down before falling down below 1.3500...

I believe its going down mainly because a double bottom almost never works out, and if it does, it works because it becomes a triple bottom...

So playing it safer would be sell 1.3450 and buy 1.3650.... 200 pip SL on each
where is double bottom?
  • #385,434
  • Feb 13, 2011 4:12am Feb 13, 2011 4:12am
Quoting cannarek
where is double bottom?
my mistake, sorry. you were talking about h1 timeframe, i thought the conversation is about higher timeframes
  • #385,435
  • Feb 13, 2011 5:14am Feb 13, 2011 5:14am
Quoting matlock
We saw a pin bar on the Aussie and the Kiwi

High-Probability Aussie Trade Setup

matti howdy see you later on skype !
Hero calls followed by margin calls...
  • #385,436
  • Feb 13, 2011 5:56am Feb 13, 2011 5:56am
Quoting stewrigh
Malcolm,

I'm really having trouble understanding this and I'm sure others here feel the same, or is it just that I'm a bit thick.

Surely high volume is neutral - by that I mean how can it indicate either buyers or sellers - it's just volume or high level of transactions.

I can understand the concept of high volume in a down trend pushing price further down but you seem to be saying that high volume on a red candle shows buying pressure and high volume on a green candle indicates the same thing - I accept that I don't understand VSA(but I am...
I was looking into VSA about a year ago, and I could not get my head around it, i understad how the markets operate but things like- high volume down bars mean the pros were buying doesnt make sense to me, if they were buying why was price down?

I have read malcom's posts before and all respect to him for his anaysis, he clearly understands it, but i just dont get it!
  • #385,437
  • Feb 13, 2011 6:00am Feb 13, 2011 6:00am
I prefer the story that price and trendlines tell
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  • #385,438
  • Feb 13, 2011 6:00am Feb 13, 2011 6:00am
@ infinitus...

question... how did you see the retracement to 1.3558 coming?? attached is a 5m implulse to the upside... fibs are closely respected on most levels... if my abc is correct - 1.3558 is the top for now... but X may spike up to test 1.3580?

thanks for any help
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  • #385,439
  • Feb 13, 2011 6:48am Feb 13, 2011 6:48am
Quoting cloggie
Not here I don't, that's why the only buddy on my buddy list is myself.
LOL You're on my buddylist. I'm your buddy Seriously though, it makes tracking posts a lot easier.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #385,440
  • Feb 13, 2011 7:10am Feb 13, 2011 7:10am
Quoting highlander2
I was looking into VSA about a year ago, and I could not get my head around it, i understad how the markets operate but things like- high volume down bars mean the pros were buying doesnt make sense to me, if they were buying why was price down?

I have read malcom's posts before and all respect to him for his anaysis, he clearly understands it, but i just dont get it!
Yeah me too and I still don't understand it lol.

Statements like pros buy down bars is also a bit simplistic IMO - I think Magix said it earlier 'sell if its going down and buy if its going up' - I thought thats what the pros(and everyone else) did - the trend is your friend.

Malc obviously believes strongly that VSA works and it probly does for him but I think I'll pass on it and stick to what I know.
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