please check bond rates, isn,t portugal offering 10-year bond yields at 7.656.
i am currently a bit biased. but i am seeing new yearly highs.
i am currently a bit biased. but i am seeing new yearly highs.
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Dislikedplease check bond rates, isn,t portugal offering 10-year bond yields at 7.656. Attachment
i am currently a bit biased. but i am seeing new yearly highs.Ignored
Disliked... had no base to shoot off that rapid, so it must have been markup to sell off...
as is often mention, the first sifgnifcant vol surge most of the time is just an inital attempt to stop a move, it is followed by the final climax lower if we talk about long setups.
the climax than occured straight below yesterdays value area low of 3560 which indicates bargain hunting if there is strength below that area.Ignored
Disliked...
My question is, is there any way that vsaers could possibly stop themselves from committing to enter long trade at places like point A and B (could be profit taking area / where SM had purposely marked up to sell off further).
-- and only enter long at C where the real reversal start to happen?
...Ignored
Dislikedtrichet had some pretty nice words for the eur yesterday...i am really looking forward to sundays gap
http://www.bloomberg.com/news/2011-0...chet-says.htmlIgnored
Disliked
The second chart is from earlier in the day. Many astute VSA traders on this thread saw this set up and were looking to get long. None, however, mentioned this.Ignored
Disliked...remember, the market does not move in a 'V' like fashion often. usually it moves in waves or in "M's" or "W's".
B was heading into a resistance area (blue rectangle). it didnt show significant demand to pierce through that area.. but we are getting signs of demand (white diagonal lines)
C/prior C, we get to see more signs that buying is stepping in.
after C, i indicated major areas of buying(white diag. lines)...Ignored
DislikedThanks...
i have learnt frm your chart that low vol into resistence represent no selling interest and high volume into a previous resistence area will make it become a new support level.
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QuoteDislikedThe first high vol bar into the support area (indicated in orange text) is a high volume 'shakeout', one of my my problem is also, i cannot tell it is buying or selling when a WS doji-like bar appears on charts, like in this case, where price returns to the same level again on average volume... can't be able to tell if theres any potential buying from there to can make this become a support level..
Dislikedyes, low volume as we approach a resistance is (actually) no buying interest... no demand/expectation for higher prices.
"high volume into a previous resistance area will make it become a new support level" --not necessarily. depends on the situation or context.
regarding the right hand side where i talked about the 'new support level', to be precise, we had several ultra high vol (white climax volume) bars at that area.
i believe 'effort vs result' enters the picture.. if price were bearish, then price should have breached...Ignored
DislikedWhats your thoughts on the wide spread up bar 3 bars before your last highlighted buying bar Malc? Largest volume and appears to be selling?Ignored