EU: This is a tight wave, but valid. Makes this a short setup now.
Attached Image (click to enlarge)
- #43,121
- Jan 21, 2013 3:04am Jan 21, 2013 3:04am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #43,122
- Edited 3:53am Jan 21, 2013 3:10am | Edited 3:53am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
i dont think theres a clear entry with eu, not just yet pa is ranging and the dragon is flat. imho. sm is not done yet taking all floating supply, pa might bring it down a bit more before it soars again.
SM can create bogus supply simply by putting any amount or size of trades at a level that they damn well wish. And they can remove them in an instant! Same with Demand. There are no limits. Suppy and demand can be increased and decreased in any amount, at any time, at any level that SM wants it to be done at. Therefore, it can be highly manipulated and be largely bogus. Historic SR areas are valid in the sense they are prime areas to suspect price might stop moving, or pause, and later move on or instead, reverse. But in fact, no one can know what price will do the next time it reaches an historic SR area. Supply/demand could have radically changed since before, even totally disappeared.
Well, yes, I guess there is a theoretical limit to the forex market. I don't suppose all trades of particular country's currency can exceed the amount of that country's currency.
- #43,124
- Edited 3:35am Jan 21, 2013 3:21am | Edited 3:35am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Frank, "floating suppy" refers to stock in the market not owned by the corporation. It is limited. In forex, there is no limit! The market can daily shrink or swell to any size. That is an element of Supply and Demand that seems to escape folks. They think in terms of limited shares in the stock market. But there isn't any such limit in the forex market! The forex market is limited each day only by the amount of money traders put into it, and which the price manipulators can take advantage of by manuvering prices to pick up the orders.
Well,...
see this is what im trying to tell on my previous post if it was easy to understand volume everyone will just analyze it and then kaching$$$ but look, different traders different analysis. 
- #43,128
- Jan 21, 2013 3:59am Jan 21, 2013 3:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #43,129
- Jan 21, 2013 4:08am Jan 21, 2013 4:08am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #43,133
- Jan 21, 2013 5:51am Jan 21, 2013 5:51am
Hi
Just a quick comment on Stopping Volume.
Stopping Volume doesn't indicate a possible change in trend, but does show that the SM are supporting the price when taking it down, if the SM didn't support the price the market every time their in short would totally fall off a cliff. They need to make it look believable to the herd.
Just my 2 pence.
, need more your comments like this post 
Keep Simple...!
Those comments prove that a lot of traders on this thread don't understand volume at all.
Volume informs you of the direction the PA is going to go, not ANY direction as you have just said.
Also the phases can take as little as a couple of hours to as long as months, so it doesn't indicate that its going to happen soon either lol
If you can read volume, which obviously by your comments you can't gives you the answer in which the PA is going to go.
Always learning..................
- #43,137
- Jan 21, 2013 6:30am Jan 21, 2013 6:30am
Your right PA can go in any direction SM chooses but remember they leave a footprint for us people in the know to follow, they can shake the herd off but not us VSA educated traders.
Beg to differ on the last part of your paragraph tho, we don't guess here, we know, so the knowledge on the subject of volume will alter the fact of "educated guessing" to "educated knowing"
Keep up the studying your on the right track.
Beg to differ on the last part of your paragraph tho, we don't guess here, we know, so the knowledge on the subject of volume will alter the fact of "educated guessing" to "educated knowing"
Keep up the studying your on the right track.
You are exactly right my friend. I DON'T know how to "read volume." I DO intend to read the book and to study VSA in an effort to learn more about it. My comment was intended to point out that PA can ALWAYS go in any direction SM chooses for it to go. No amount of knowledge on the subject of volume is going to alter that fact. But maybe, just maybe, having a better understand of volume can help me make an "educated guess" as to which side of a trade I choose to be on.
Always learning..................
Your right PA can go in any direction SM chooses but remember they leave a footprint for us people in the know to follow, they can shake the herd off but not us VSA educated traders.
Beg to differ on the last part of your paragraph tho, we don't guess here, we know, so the knowledge on the subject of volume will alter the fact of "educated guessing" to "educated knowing"
Keep up the studying your on the right track.
But I'll definitely keep trying.
By the way, will Master the Markets provide me with the info I need on VSA, or
is there some other source you would recommend for a beginner?
- #43,139
- Jan 21, 2013 6:55am Jan 21, 2013 6:55am
Yes master the markets is very good insight into VSA and the concept of volume, i also recommending the following.
1.Mastering Market Timing Using The Works Of L M Lowry and R D Wyckoff
2.The Game In Wall Street And How To Play It Successfully By Hoyle
3.The Undeclared Secrets That Drive The Stock Market.
4.Any readings by Richard D Wyckoff
5.Tradeguider is great for educating, explanations of VSA principles etc, you can subscribe but a lot of webinars are on Youtube where they have a channel
6.The Fishing For Pips webinar is brilliant
7.VSA Chart Reading Masterclass is brilliant to that's through Tradeguider, I don't know if you can get it now as it was part of the subscription.
If I remember any more I will let you know.
I have built up a Wyckoff bible that I refer to now and again, maybe worth doing something like that. Don't make it to complex tho keep it to the principles.
1.Mastering Market Timing Using The Works Of L M Lowry and R D Wyckoff
2.The Game In Wall Street And How To Play It Successfully By Hoyle
3.The Undeclared Secrets That Drive The Stock Market.
4.Any readings by Richard D Wyckoff
5.Tradeguider is great for educating, explanations of VSA principles etc, you can subscribe but a lot of webinars are on Youtube where they have a channel
6.The Fishing For Pips webinar is brilliant
7.VSA Chart Reading Masterclass is brilliant to that's through Tradeguider, I don't know if you can get it now as it was part of the subscription.
If I remember any more I will let you know.
I have built up a Wyckoff bible that I refer to now and again, maybe worth doing something like that. Don't make it to complex tho keep it to the principles.
Thanks! It seems the more I learn, the less I know!
But I'll definitely keep trying.
By the way, will Master the Markets provide me with the info I need on VSA, or
is there some other source you would recommend for a beginner?
- #43,140
- Jan 21, 2013 7:00am Jan 21, 2013 7:00am
Andy is completely right, VSA will tell you which direction the SM is positioning for. However that doesn't mean we won't see 100+ pip moves in the opposite direction of where they are positioning. They have HUGE amounts of capital to work with so a 100 pip move is just a speck of dust for them. Where us little guys a 100 pip move can hurt really bad. So just be aware of that, SM hedges, they win either way, that's why we have to be snipers on our entries, and they don't. They really only have to buy the dips and sell the jumps, and bugger...
I see this many times. Indicators show BUY! BUY!. Volume very high. I take long, setting SL under last low.
After a few hours i'm out.
SM hunting for players like me
