Rocky,
This is how I see the Aussie possibly playing out. Please comment when you have a sec....thanks!
This is how I see the Aussie possibly playing out. Please comment when you have a sec....thanks!
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedRocky,
This is how I see the Aussie possibly playing out. Please comment when you have a sec....thanks!Ignored
DislikedRocky,
Please confirm my understanding.
(Forgive the formatting of picture etc, just getting used to Ninja..)
I'm focused on the two High Volume bars just before the one you highlighted, these seem to imply that institutional buying started at approx 1.0470, would that be correct?
Regards,Ignored
Disliked4xfactor, good question. VSA is something that takes time to learn. Usually the ultra high volume bars indicate Institutional activety. Knowing when it's Institutional buying (accumilation) is fairly easy to spot. The 1400 hr candle EST (1.0374 close, Futures Market), would be what I consider the start of the accumilation phase. Why, it's in close proximity to a Demand Zone and there's a herd mentality to "short" the market.
[color=blue]If you have studied Supply/Demand then you know that there are some...Ignored
DislikedMy interpretation: institutions probably start a a down move themselves, removing their buy orders to make the move easier and selling some contracts at market to "mark down" the price. Through this test, they can see if there is no interest for lower prices (no supply), and in this case we'll see a small bar with low volume; or if the herd follows, and in this case they will buy lower, causing a large bar with high volume. If this is the case, stop losses of who is long will help their cause. Generally this happens after bad news.
All this...Ignored
DislikedRocky,
I want to once again thank you for taking the time throughout the history of this thread to help teach us how to trade!
I know personally, your insights have made a big difference in my ability to spot opportunities!
I apologize for posting so many charts. This is your thread....not mine, so if this is an irritant for you I will refrain from doing so in the future!Ignored
DislikedMy interpretation: institutions probably start a a down move themselves, removing their buy orders to make the move easier and selling some contracts at market to "mark down" the price. Through this test, they can see if there is no interest for lower prices (no supply), and in this case we'll see a small bar with low volume; or if the herd follows, and in this case they will buy lower, causing a large bar with high volume. If this is the case, stop losses of who is long will help their cause. Generally this happens after bad news.
All this...Ignored
Disliked[font=Times New Roman][size=3]
Well done
I have a, shall we say, a lingering question? You statement “we probablycan't understand but maybe 1-2% of what institutions do “brought it tomind again.
With as much information that is available today (it’s really difficult foranyone to keep something secret days) I'm surprised we do not have more informationon how the SM's do what they do. Excluding ALGO's (way too complicated for me) Proprietaryprograms, etc... I surprised more have not come out and spilled...Ignored
DislikedWell done
I have a, shall we say, a lingering question? You statement “we probablycan't understand but maybe 1-2% of what institutions do “brought it tomind again.
[size=3][font=Times New Roman]With as much information that is available today (it’s really difficult foranyone to keep something secret days) I'm surprised we do not have more informationon how the SM's do what they do. Excluding ALGO's (way too complicated...Ignored