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  • #841,761
  • Oct 9, 2013 2:38am Oct 9, 2013 2:38am
Quoting kuroro001
but most of the time it's not increasing that much, especially when it hits new lows.
I thought volume was often highest on exhaustion of a move? i.e, - the spike (up or down) , the high/low?
  • #841,762
  • Oct 9, 2013 2:41am Oct 9, 2013 2:41am
Both EU and GU made double tops on hourly and now are exhausted on the down move. Some more consolidation before next moves.
  • #841,763
  • Oct 9, 2013 2:42am Oct 9, 2013 2:42am
Quoting eliteincome
{quote} That movie makes me laugh so much Very Nice Very Nice
my wife ...

... she is dead

  • #841,764
  • Oct 9, 2013 2:43am Oct 9, 2013 2:43am
Quoting milam
{quote} Covered half +27 pips, moved Sl to BE +1 @ 3560.
TP 3474 or the ema
Wherever you go, there you are.
  • #841,765
  • Oct 9, 2013 2:43am Oct 9, 2013 2:43am
Quoting Passerby
{quote} Dude volume is kinda controversial topic here, at least since last afternoon. But increasing volume near sr shows there is effort to break those lv. Btw, I am thinking long around 10 maybe I could take around 10-15 pips
Yes i've noticed that, but it works for me, for the non believers i don't mind what they think

And i don't agree about the fact it's an effort to break it, it depends.
Look at yesterday PA (5mn) when it hit 1.360x, very high vol and reversal afterwards.
Whenever there very high vol at new highs/low i start to take some profits and wait for retrace/reverse
COT: The precious data ignored
  • #841,766
  • Oct 9, 2013 2:44am Oct 9, 2013 2:44am
Quoting chazzle
{quote} I thought volume was often highest on exhaustion of a move? i.e, - the spike (up or down) , the high/low?
Not exactly true, in exhaustion the volume should came suddenly and concentrated. Reading volume include several candle and price lv. At the first touch of sr it is normal to have sudden increase in volume then price retract. The second touch to break should show lower reading than the first one. Its kinda complex concept. If you want simple approach it could be wise to stay away from volume.
  • #841,767
  • Oct 9, 2013 2:44am Oct 9, 2013 2:44am
Quoting chazzle
{quote} I thought volume was often highest on exhaustion of a move? i.e, - the spike (up or down) , the high/low?
Not everytime, it'll be too easy
You must be talking about stopping volume, the thing is you never know if there'll be a reverse or just a retrace to hit new highs/low after
COT: The precious data ignored
  • #841,768
  • Oct 9, 2013 2:46am Oct 9, 2013 2:46am
Quoting kuroro001
{quote} Yes i've noticed that, but it works for me, for the non believers i don't mind what they think And i don't agree about the fact it's an effort to break it, it depends. Look at yesterday PA (5mn) when it hit 1.360x, very high vol and reversal afterwards. Whenever there very high vol at new highs/low i start to take some profits and wait for retrace/reverse

nah it's trigger problem only when people saying it as market turnover , nobody would question no of ticks
Mohan
  • #841,769
  • Oct 9, 2013 2:46am Oct 9, 2013 2:46am
Quoting Passerby
{quote} Not exactly true, in exhaustion the volume should came suddenly and concentrated. Reading volume include several candle and price lv. At the first touch of sr it is normal to have sudden increase in volume the price retract. The second touch to break should show lower reading than the first one. Its kinda complex concept. If you want simple approach it could be wise to stay away from volume.
I agree on that

If you read vol only you'll be lost....it's a whole, PA setup + vol
COT: The precious data ignored
  • #841,770
  • Oct 9, 2013 2:46am Oct 9, 2013 2:46am
Quoting chazzle
EU H4 MID {image}
EU M15

spinner at the mid 540 for scalpers???
Attached Image (click to enlarge)
Click to Enlarge Name: EUM15.PNG Size: 21 KB
  • #841,771
  • Oct 9, 2013 2:46am Oct 9, 2013 2:46am
hard to believe we already travelled ~80 pips today. if you havenīt made your money yet, itīs going to be stressful, I suppose
  • #841,772
  • Oct 9, 2013 2:48am Oct 9, 2013 2:48am
Quoting chazzle
{quote} could it be giant spiders falling from the sky? http://www.youtube.com/watch?v=6cAR1xU7TD8
Name the place, i'll bring my next date with a girl to this place
COT: The precious data ignored
  • #841,773
  • Oct 9, 2013 2:48am Oct 9, 2013 2:48am
I think, eu is finding the support that it needed at 3525 or just freakin goin down to 3484 to find its' momma there. support to hike again.
brace yourself.. err. myself.
Attached Image (click to enlarge)
Click to Enlarge Name: eusd1.png Size: 33 KB
  • #841,774
  • Oct 9, 2013 2:51am Oct 9, 2013 2:51am
Quoting Passerby
Not exactly true, in exhaustion the volume should came suddenly and concentrated.
Quoting kuroro001
Not everytime, it'll be too easy
ok thanks
  • #841,775
  • Oct 9, 2013 2:52am Oct 9, 2013 2:52am
Quoting kuroro001
{quote} Yes i've noticed that, but it works for me, for the non believers i don't mind what they think And i don't agree about the fact it's an effort to break it, it depends. Look at yesterday PA (5mn) when it hit 1.360x, very high vol and reversal afterwards. Whenever there very high vol at new highs/low i start to take some profits and wait for retrace/reverse
Well its up to you how to use it. If i remember not long ago you said that u don't look at volume. Hope it would improve your result and welcome abroad to this bottomless shit called volume. But i think you'll be fine since i think that you are quite good at reading sr area to begin with.
  • #841,776
  • Oct 9, 2013 2:54am Oct 9, 2013 2:54am
Good buying opportunity here at the 3525 area.
  • #841,777
  • Oct 9, 2013 2:54am Oct 9, 2013 2:54am
Quoting Passerby
{quote} Well its up to you how to use it. If i remember not long ago you said that u don't look at volume. Hope it would improve your result and welcome abroad to this bottomless shit called volume. But i think you'll be fine since i think that you are quite good at reading sr area to begin with.
No mate, i always look at vol...tick volume, for quite a long time

But thanks, and hope you're doing fine in this messy market!
COT: The precious data ignored
  • #841,778
  • Oct 9, 2013 2:55am Oct 9, 2013 2:55am
Consolidation?
  • #841,779
  • Oct 9, 2013 2:55am Oct 9, 2013 2:55am
Quoting GDR3k
Good buying opportunity here at the 3525 area.
Do you buy yourself here?
  • #841,780
  • Oct 9, 2013 2:56am Oct 9, 2013 2:56am
Quoting Dapsychopath
I think, eu is finding the support that it needed at 3525 or just freakin goin down to 3484 to find its' momma there. support to hike again. brace yourself.. err. myself. {image}
Seems that seller is not interested anymore. Spike down plus right condition and i would load long. Going to silent mode aka silent reader from here on.
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