Here we go again! Missed my Buy limit by 1 little pip! 
Well, I guess I'll just cancel the order for now!
Have a nice weekend everyone!
Well, I guess I'll just cancel the order for now!
Have a nice weekend everyone!
Price is Everything Chat Room
- #2,912
- Jun 3, 2012 11:07am Jun 3, 2012 11:07am
- | Joined May 2010 | Status: No you don't. | 281 Posts
What is the difference between a pole and a shake out and what enables a pole to become a pole?
It can result in different pattern, causes, such as a rectange formation.
Or less likely a base, coz that would mean a volume dry up.
Each pattern tells you how badly the investors want this or that to happen. It's just another piece of the pie.
The shake is the result of big boys buying into an area price has never been before, or at least not since very long, something small money holders should never do until the zone is tested.
So that's what created the huge volume and boosted up my atr rate like mad
Nice effort, now lets see the result next weekS.
Old Habits Die Hard.
- #2,913
- Jun 3, 2012 11:31am Jun 3, 2012 11:31am
- Joined Aug 2010 | Status: Trader | 1,282 Posts
The pole is the result of the shake, at least in this example.
It can result in different pattern, causes, such as a rectange formation.
Or less likely a base, coz that would mean a volume dry up.
Each pattern tells you how badly the investors want this or that to happen. It's just another piece of the pie.
The shake is the result of big boys buying into an area price has never been before, or at least not since very long, something small money holders should never do until the zone is tested.
So that's what created the huge volume and boosted...
- #2,916
- Jun 3, 2012 12:48pm Jun 3, 2012 12:48pm
[quote=Shaggy_rock;5723728]
The shake is the result of big boys buying into an area price has never been before, or at least not since very long, something small money holders should never do until the zone is tested.
Uhhh?
This is what we do all the time here...
About the Shakouts ,I have studied VSA in the past, and I know for a fact that it is analyzing the volume and the spread/range of a bar. So what does it tell you, well it tells you how many buyers/sellers are in a single bar. This is great in a way but the problem is that it tells you just a part of the story and not the whole picture. A shakout or any other vsa bar tells you what to do only when a bar is printed on a chart. Supply/demand tells you what to do and when to do it way before price comes to your zone..
For me this was the bigest trading revelation.
Mel
The shake is the result of big boys buying into an area price has never been before, or at least not since very long, something small money holders should never do until the zone is tested.
Uhhh?
This is what we do all the time here... About the Shakouts ,I have studied VSA in the past, and I know for a fact that it is analyzing the volume and the spread/range of a bar. So what does it tell you, well it tells you how many buyers/sellers are in a single bar. This is great in a way but the problem is that it tells you just a part of the story and not the whole picture. A shakout or any other vsa bar tells you what to do only when a bar is printed on a chart. Supply/demand tells you what to do and when to do it way before price comes to your zone..
For me this was the bigest trading revelation.
Mel
