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  • #1,421
  • Oct 2, 2012 12:22pm Oct 2, 2012 12:22pm
Time to tighten that stop to Plus 20
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  • #1,422
  • Oct 2, 2012 12:41pm Oct 2, 2012 12:41pm
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  • #1,423
  • Oct 2, 2012 1:00pm Oct 2, 2012 1:00pm
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  • #1,424
  • Oct 2, 2012 1:01pm Oct 2, 2012 1:01pm
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  • #1,425
  • Oct 2, 2012 1:09pm Oct 2, 2012 1:09pm
Stopped out for a fast $450 gain...
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  • #1,426
  • Oct 2, 2012 7:42pm Oct 2, 2012 7:42pm
Hi Rocky, do you use Open interest for your analysis?
Thank you.
  • #1,427
  • Oct 2, 2012 8:50pm Oct 2, 2012 8:50pm
Quoting vitall
Hi Rocky, do you use Open interest for your analysis?
Thank you.
Hey Vitall, Here's what I don't do for my Analysis...I don't watch or listen to the news, I don't look at open interest, I could care less about rate hikes or cuts, It doesn't matter what's happening in Europe or anywere else on the globe.

The News media and World Banks are owned and controlled by a select few. Retail traders are more confused than ever when making trading decisions because of the lies that the media spit out. They feed off of your Fear and Greed.

My trading decisions are based solely from my chart analysis. This is were the Banks (Institutions) can't hide their intentions. When there is a news announcement I don't trade because thats were PA is manipulated and fear and greed kick in and traders make irrational decisions. Hope this answers your question, Rocky...
  • #1,428
  • Oct 2, 2012 9:48pm Oct 2, 2012 9:48pm
Quoting rocky
The News media and World Banks are owned and controlled by a select few. Retail traders are more confused than ever when making trading decisions because of the lies that the media spit out. They feed off of your Fear and Greed.
My trading decisions are based solely from my chart analysis. This is were the Banks (Institutions) can't hide their intentions. When there is a news announcement I don't trade because thats were PA is manipulated and fear and greed kick in and traders make irrational decisions. Hope this...
Well said.
  • #1,429
  • Oct 3, 2012 5:51am Oct 3, 2012 5:51am
S/L now at B/E
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  • #1,430
  • Oct 3, 2012 5:55am Oct 3, 2012 5:55am
TARGET HIT
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  • #1,431
  • Oct 3, 2012 7:47am Oct 3, 2012 7:47am
Quoting rocky
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Rocky,

A few simple questions if that's ok?

When you show CAD futures I assume that is CADUSD? My MT4 platform only seems to allow USDCAD, which is the inversion.

Also, when you show AUD Futures I assume this maps to AUDUSD? And that my spot platform should show the same values, tick for tick, as your futures platform?

Kind regards,
  • #1,432
  • Oct 3, 2012 11:13am Oct 3, 2012 11:13am
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  • #1,433
  • Edited 11:35am Oct 3, 2012 11:18am | Edited 11:35am
S/L now at B/E... 12:35 PM
S/L brought up to B/E minus 3, 12:20 pm
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  • #1,434
  • Oct 3, 2012 11:21am Oct 3, 2012 11:21am
Quoting rocky
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Hey Rocky..

I can understand that. You do put quite a bit of work into each chart you post. I know I speak for many on this thread when I say “We appreciate all the insights “I can honestly say that learning from your thread has definitely made me a more profitable trader.

After crashing and burning several times (going back to 1999) I now have a much better handle on what I am doing. August, traditionally a difficult month, I ended with a 50/50 win / loss on all trades taken. The beauty of this .. I still ended the month with 172 pips profit on full lots. As I trade the Asian market most of the time, the opportunities tend to be a little farther apart. (Do not have the luxury of trading during normal hours) // No worries..trades present themselves everywhere.

My primary focus on your thread is understanding the relationship between volume and price. The lower TF's on the Asian market via Forex seem to hold up well within the context of volume and price.

Thanks for all that you do

Good trading to ya

TSD
  • #1,435
  • Oct 3, 2012 11:34am Oct 3, 2012 11:34am
Quoting TraderinSD
Hey Rocky..

I can understand that. You do put quite a bit of work into each chart you post. I know I speak for many on this thread when I say “We appreciate all the insights “I can honestly say that learning from your thread has definitely made me a more profitable trader.

[color=black][font=Verdana]After crashing and burning several times (going back to 1999) I now have a much better handle on what I am doing. August, traditionally a difficult month, I ended...
TraderinSD, I appreciate your compliments. I try not to trade in August myself, it's a very slow month. Again, thanks for the kind words, I have to get back to my trade, Rocky...
  • #1,436
  • Oct 3, 2012 12:19pm Oct 3, 2012 12:19pm
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  • #1,437
  • Oct 3, 2012 12:25pm Oct 3, 2012 12:25pm
Profit taken at 10 pips x 2 contracts...1:27 pm. EST
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  • #1,438
  • Oct 3, 2012 12:54pm Oct 3, 2012 12:54pm
Quoting rocky
Profit taken at 10 pips x 2 contracts...1:27 pm. EST
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Hi Rocky,

Quick question when you have a moment..

Regarding this chart. Looking at the volume in relation to price. This particular volume tends to look all the same ( same basic level / drifting ). Looking at price I can see where resistance turns support in the accumulation area. The No Supply candles ( in black ) corresponding to the volume bars below ( in black ). As I see the first black candle formed with moderate volume in relation to the preceeding volume. The second black candle formed with a HH and HL and the corresponding volume bar was lower than the previous volume bar in the same area. Previous black candle attemping to break support in the accumulation area. Price was at the level for a retest of resisrtance turning support.( 2 attempts.. lower volume following second attempt ). Hence no SUPPLY..

Am I seeing this correctly ?

thanks

TSD
  • #1,439
  • Oct 3, 2012 9:59pm Oct 3, 2012 9:59pm
Quoting TraderinSD
Hi Rocky,

Quick question when you have a moment..

Regarding this chart. Looking at the volume in relation to price. This particular volume tends to look all the same ( same basic level / drifting ). Looking at price I can see where resistance turns support in the accumulation area. The No Supply candles ( in black ) corresponding to the volume bars below ( in black ). As I see the first black candle formed with moderate volume in relation to the preceeding volume. The second black candle formed with a HH and HL and the corresponding volume...
TraderinSD,

You hit the nail on the head. I couldn't have said it better myself. This is VSA at its core. There is a lot more to it but if you understand this concept then you are on the right track. VSA combined with Supply zones, Demand zones, Fibs (retracements and extensions), trendlines, and proper Money Management can make a retail trader very dangerous.

Now remember, the chart I posted was a tick chart (tick volume). It is somewhat similiar to the volume in Futures (actual contracts being bought and sold) but not as reliable and definitely not as easily read. Future Volume is much more defined in appearance making it easier to read therefor giving you much more confidence in making a decision based on what the Institutional firms are up too.

VSA are the footprints of the Institutional trader, Rocky...
  • #1,440
  • Oct 3, 2012 10:09pm Oct 3, 2012 10:09pm
Quoting 4Xfactor
Rocky,

A few simple questions if that's ok?

When you show CAD futures I assume that is CADUSD? My MT4 platform only seems to allow USDCAD, which is the inversion.

Also, when you show AUD Futures I assume this maps to AUDUSD? And that my spot platform should show the same values, tick for tick, as your futures platform?

Kind regards,
4xfactor, your are correct on all questions except for the comparision values of tick volume and Future (CME) Volume. They are similiar but not the same and definately are not similiar in appearence. Unfortunely I haven't time to explain the difference. Thanks and Good Luck, Rocky...
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