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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,221
  • Mar 30, 2011 6:32pm Mar 30, 2011 6:32pm
Quoting nAVIN2007
interesting position
thanks ...
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  • #10,222
  • Mar 30, 2011 6:53pm Mar 30, 2011 6:53pm
We haven't seen EMA200 in a week - it's worth a scalp short imo if we get there relatively quickly
Pending order 16093 SL/TP 10 - active for 1 hour
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  • #10,223
  • Mar 30, 2011 7:31pm Mar 30, 2011 7:31pm
Holding on the EuroUsd buy as more demand is coming in.
"Hate the sin, love the sinner." - Gandhi
  • #10,224
  • Mar 30, 2011 7:36pm Mar 30, 2011 7:36pm
Quoting chazzle
Screw It - I'm closing the rest at the same level - fortunate enough to get this placing a trade at the end of London - more opportunities tomorrow
So you're out of GU buy? there's is demand going on, I still see it moving higher.
"Hate the sin, love the sinner." - Gandhi
  • #10,225
  • Mar 30, 2011 7:43pm Mar 30, 2011 7:43pm
Quoting TheGabriel
So you're out of GU buy? there's is demand going on, I still see it moving higher.
yep - am in this scalp for 10 south from 16093
  • #10,226
  • Mar 30, 2011 7:54pm Mar 30, 2011 7:54pm
Quoting chazzle
yep - am in this scalp for 10 south from 16093
Hope it plays out for you
"Hate the sin, love the sinner." - Gandhi
  • #10,227
  • Mar 30, 2011 8:08pm Mar 30, 2011 8:08pm
thanks mate - taking ages tho ....
  • #10,228
  • Mar 30, 2011 8:18pm Mar 30, 2011 8:18pm
Good morning. have fun swimming with them sharks
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  • #10,229
  • Mar 30, 2011 8:18pm Mar 30, 2011 8:18pm
Quoting chazzle
We haven't seen EMA200 in a week - it's worth a scalp short imo if we get there relatively quickly
Pending order 16093 SL/TP 10 - active for 1 hour
-10 , H4 might have been a better bet
  • #10,230
  • Mar 30, 2011 8:24pm Mar 30, 2011 8:24pm
Quoting wormboy
Good morning. have fun swimming with them sharks
Up bars with rising volume is like bull heaven.

If sellers don't come in it's going up
UsdChf also correlated and going down
"Hate the sin, love the sinner." - Gandhi
  • #10,231
  • Mar 30, 2011 8:27pm Mar 30, 2011 8:27pm
Quoting TheGabriel
Up bars with rising volume is like bull heaven.

If sellers don't come in it's going up
There is no rising volume. it's like comparing apples & oranges.
you're talking about 20-30 pips up, I'm talking about 200 - 300 pips down


Quoting TheGabriel
UsdChf also correlated and going down
So is the EurGbp.
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  • #10,232
  • Mar 30, 2011 8:32pm Mar 30, 2011 8:32pm
how can u guys know the volume if you don't mind me asking? VSA magic?
  • #10,233
  • Mar 30, 2011 8:34pm Mar 30, 2011 8:34pm
Quoting chazzle
how can u guys know the volume if you don't mind me asking? VSA magic?
There's no magic. It looks pretty on the charts tho

But yes, I suppose gabe's referring to the tick volume
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  • #10,234
  • Mar 30, 2011 8:40pm Mar 30, 2011 8:40pm
Quoting wormboy
There's no magic. It looks pretty on the charts tho

But yes, I suppose gabe's referring to the tick volume
Not going into the tick story, but VSA is making some forex traders rich, some hang around here too. Software doesn't come cheap too, and there's only one company that makes it.

The normal tick indicator is pretty much useless.
2 times world champ in real trading is using vsa.

Volume is rising on the up bars, but I agree is not very high. But you don't want superhigh volume on upbars.

I felt the kaboom wasn't coming past days if you remember, we're still up.
If i see weakness, then we can consider the kaboom, I have no bias.
"Hate the sin, love the sinner." - Gandhi
  • #10,235
  • Mar 30, 2011 8:41pm Mar 30, 2011 8:41pm
Quoting stewrigh
Yeah right.

Why did you close that EU long - The trend is U-P(but you knew I was gonna say that didn't you lol
lol

yea, should've stuck to my guns. Bottom line is tho I should've stayed out, that's what pissed me off

Don't got too comfy with the long brother, the end is near .....
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  • #10,236
  • Mar 30, 2011 8:57pm Mar 30, 2011 8:57pm
Quoting TheGabriel
Not going into the tick story, but VSA is making some forex traders rich, some hang around here too. Software doesn't come cheap too, and there's only one company that makes it.

The normal tick indicator is pretty much useless.
2 times world champ in real trading is using vsa.

Volume is rising on the up bars, but I agree is not very high. But you don't want superhigh volume on upbars.
Have a look at your previous H4 & tell me if that surge was on rising volume.

Quoting TheGabriel
I felt the kaboom wasn't coming past days if you remember, we're still up.
If i see weakness, then we can consider the kaboom, I have no bias.
Neither did I, the chart I posted was the weekly if you remember. And no, we're not moving up, we're just consolidating. Getting past 4130 is paramount, this had been mentioned before
1. http://www.forexfactory.com/showpost...ostcount=10118
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  • #10,237
  • Mar 30, 2011 9:04pm Mar 30, 2011 9:04pm
Quoting wormboy
Have a look at your previous H4 & tell me if that surge was on rising volume.



Neither did I, the chart I posted was the weekly if you remember. And no, we're not moving up, we're just consolidating. Getting past 4130 is paramount, this had been mentioned before
1. http://www.forexfactory.com/showpost...ostcount=10118
I trade the H1 but yes it was on rising volume, like the last small up movement on 30M was past 2-3 hours ago.
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"Hate the sin, love the sinner." - Gandhi
  • #10,238
  • Mar 30, 2011 9:13pm Mar 30, 2011 9:13pm
Quoting TheGabriel
I trade the H1 but yes it was on rising volume, like the last small up movement on 30M was past 2-3 hours ago.
ok
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  • #10,239
  • Mar 30, 2011 9:17pm Mar 30, 2011 9:17pm
VSA is no magic though... Is actually the only thing in trading that repeats itself, can be verified by past data and fits how smart money operates, that I know of.

IE: moving the market up very fast to trap people, then with some consolidation you trap some more to then fall very fast? i know people experienced this. Downtrends are also faster, right?

Big money doens't sell on bearish bars because price would fall to rapidly against them, they sell on up bar and need people to buy, that's why sometimes on good news markets move up before they fall. So the sell high/buy low works.

I doubt banks care about moving averages and trendlines, they trade prices and need people to be trapped on the wrong side, news will do that and fake up/down bars.

The guy that came up with VSA was an institutional trader...thet's why he knows how to read volume.

This doesn't mean there aren't tons of people that can make a pile of cash with their strategies. Like wormboy
you know malcomb Azim, right?
"Hate the sin, love the sinner." - Gandhi
  • #10,240
  • Mar 30, 2011 10:31pm Mar 30, 2011 10:31pm
Quoting TheGabriel
Up bars with rising volume is like bull heaven.
here's your bull heaven gabe
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