DislikedHi all,
I can see a clear case of a dearth of buyers on GU 30min tf.
I suggest taking a short at the close of this 30min bar and TP @ 1.6010
Bar already ended.Ignored
Now pending short at 1.6077
Happy trading!
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DislikedHi all,
I can see a clear case of a dearth of buyers on GU 30min tf.
I suggest taking a short at the close of this 30min bar and TP @ 1.6010
Bar already ended.Ignored
DislikedI exited my sell trade.
Now pending short at 1.6077
Happy trading!Ignored
DislikedDo you imply need to see price going up? That is more demand that supply?Ignored
DislikedListen you are missing my point... you can see now on the chart where most of the volume is taking place and at what price more closely.
Now you can use this information and combine that with your usual analysis based on the VSA 5min, 15min etc
Do you think knowing where most of the volume transaction are taking place is pointless?
If so then I guess I'm wasting my time and your time.Ignored
DislikedI don't get it. Weakness is still very much out there, but price action look like a weirdo, normally, price would have rocket downwards. Guess it's not ready yet. Move SL to BE.
Edit 1 hour later: Thank Intel, it rockets up like mad later hit SL @ BE. HappyIgnored
DislikedWell done, I'm glad you didn't lose on the trade. A good example of trading what you see NOT what you expect.Ignored
Quoting IntelDislikedCertainly very useful to know where the volume came in. I turn to the M1 chart to find out myself.Ignored
DislikedWell, sorry Intel, I let you down, just made a loose trade on Cable as I expect it goes up after seeing stopping volume..
Very good point, I think I've learnt something, Intel. This certainly can be used to scale out possible trade in small consolidation period in 5m after stopping volume. Is it?Ignored
DislikedIt's contingent on how you're filtering time data. Applying RBs to tick data or second fractions can reduce the noise ratio and false signals common on a raw 1M.Ignored
DislikedLet's say a down bar with average spread has huge volume compared to previous and the next bar closes up. That means there were buyers present. To have huge volume and not move very much is an indication that a counter move could happen.
GU today wouldn't really fit the description as the spread is wide and so the volume is very high. This is selling. Even the next bar is down. But what is interesting is that the spread is narrowing and volume is less. This might not indicate buying but the selling pressure is lessening.
The third down bar made...Ignored