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  • #18,341
  • Feb 11, 2014 7:36am Feb 11, 2014 7:36am
so we haven't got to 3688... 3683 should be the one to hold.. .as i am writing this its already dropping... i am short from 3679 atm... lets see if my 3398 target will hit before break... same chart as before you guys have seen... over 3688 i have 3735 so prefer downside first before we go to 3919..
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  • #18,342
  • Feb 11, 2014 7:39am Feb 11, 2014 7:39am
Quoting infinitus
{quote} Hi T., the "chart" shown are volume profiles, price by volume over a rolling period of 32 periods. But those charts do not content Murrey math levels. Completely different story. I started to use tick-volume as proxy for real volume since I found some good studies, showing, that tick-volume as proxy for real volume has an accuracy of nearly 90% in Forex.
Well done Markus! I know some things about tick volume and VSA but i dont actually trade it. Still I thought that charts also contained MM levels or MML current TF positioning.
  • #18,343
  • Feb 11, 2014 8:05am Feb 11, 2014 8:05am
Quoting T@rantula
{quote} Well done Markus! I know some things about tick volume and VSA but i dont actually trade it. Still I thought that charts also contained MM levels or MML current TF positioning.
I do calculate the volume profiles. The lookback period of them is same as the lookback period in my Murrey Math, namely 32 periods

After that, you do not only have the volume profiles, but can also calculate the VWAP and their standard deviations

After that, you can look at the Murrey Math levels and judge by the VWAP and their standard deviations the chance for reversal at Murrey math levels.

Add to that the picture from the volume profile and so you get a pretty good analysis of the current situation


Here are the Murreys and the VWAP analysis
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  • #18,344
  • Feb 11, 2014 8:07am Feb 11, 2014 8:07am
These are results of yesterday's webinar ( session recap). Those who watched it live had the chance to trade it.

Eurusd - no valid price
gbpusd +20 ( alternative scenario selling off 6465)
audusd +70 ( primary buy setup)
eurjpy +15 ( 140.05 sell scalp)
usdcad stopped at be
  • #18,345
  • Feb 11, 2014 8:12am Feb 11, 2014 8:12am
Quoting infinitus
{quote} I do calculate the volume profiles. The lookback period of them is same as the lookback period in my Murrey Math, namely 32 periods After that, you do not only have the volume profiles, but can also calculate the VWAP and their standard deviations After that, you can look at the Murrey Math levels and judge by the VWAP and their standard deviations the chance for reversal at Murrey math levels. Add to that the picture from the volume profile and so you get a pretty good analysis of the current situation Here are the Murreys and the VWAP...
Very unique view I must admit. Do u use it on daily basis?
  • #18,346
  • Feb 11, 2014 11:29am Feb 11, 2014 11:29am
Quoting T@rantula
{quote} Very unique view I must admit. Do u use it on daily basis?
Yes, daily and intraday.

For me, most important levels for daytrading are to be seen most of the time on the 4h rows. They define the playing field.......
  • #18,347
  • Feb 11, 2014 11:31am Feb 11, 2014 11:31am
Quoting jaylovin
so we haven't got to 3688... 3683 should be the one to hold.. .as i am writing this its already dropping... i am short from 3679 atm... lets see if my 3398 target will hit before break... same chart as before you guys have seen... over 3688 i have 3735 so prefer downside first before we go to 3919.. {image}
i am still short and holding.. .target 3398... I am growing balls of steel here for practicing swing trades... and my stops was 6 pips only on this... so if it makes a new high tomorrow it'll keep going imo but at least my risk is small... this is key to trading
  • #18,348
  • Feb 11, 2014 12:16pm Feb 11, 2014 12:16pm
T. Do you record your webinars? Due to time zone I never get the chance to attend :-(
  • #18,349
  • Feb 12, 2014 2:47am Feb 12, 2014 2:47am
EURUSD is below 3675 and that is very important zone. While its below 3675 3580 is possible and if it goes above 3675 then 3740 is the target. Steep bearish wedge has formed which also touches a trendline which keeps the pair from proceeding higher. Pay attention to camarilla levels and reactions on those levels.

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  • #18,350
  • Feb 12, 2014 4:05am Feb 12, 2014 4:05am
GU has a date with 1.6510.. i wont trade it however... eu - well... i am still short but remember market has a mind of its own..

resistance and breakout is 3682... to 3737 and beyond

penetrating 3625 will encourage 3603... but will have opened a gateway to 3555...

atm two targets have a bounty... 1.3398 and 1.3919 and we are in the middle
  • #18,351
  • Feb 12, 2014 4:32am Feb 12, 2014 4:32am
Quoting jaylovin
GU has a date with 1.6510..e


hmm... that was fast.. maybe i should have traded it... crappy would have been a quick 70 pips.... now we are here on gu and eu hasn't moved too much... i hope this all falls now... lets see
  • #18,352
  • Feb 12, 2014 4:35am Feb 12, 2014 4:35am
Quoting EternalNewB
T. Do you record your webinars? Due to time zone I never get the chance to attend :-(
Yes they are all recorded, so you can watch it later. For session recaps its best to attend it LIVE because of setups which might be playing out while i talk.
  • #18,353
  • Feb 12, 2014 4:37am Feb 12, 2014 4:37am
Quoting infinitus
{quote} Yes, daily and intraday. For me, most important levels for daytrading are to be seen most of the time on the 4h rows. They define the playing field.......
Completely agree with you!
  • #18,354
  • Feb 12, 2014 4:37am Feb 12, 2014 4:37am
Quoting jaylovin
{quote} hmm... that was fast.. maybe i should have traded it... crappy would have been a quick 70 pips.... now we are here on gu and eu hasn't moved too much... i hope this all falls now... lets see
It might drop off soon..Cable looks weak.
  • #18,355
  • Edited 4:57am Feb 12, 2014 4:40am | Edited 4:57am
Quoting T@rantula
{quote} Yes they are all recorded, so you can watch it later. For session recaps its best to attend it LIVE because of setups which might be playing out while i talk.
Thanks I will try to join whenever I can
  • #18,356
  • Feb 12, 2014 5:21am Feb 12, 2014 5:21am
Quoting T@rantula
{quote} It might drop off soon..Cable looks weak.
It was news which pushed the pair higher. 6426 rejection. News spikes on cable are usually very strong and single-directed.
  • #18,357
  • Feb 12, 2014 5:35am Feb 12, 2014 5:35am
Quoting T@rantula
{quote} It was news which pushed the pair higher. 6426 rejection. News spikes on cable are usually very strong and single-directed.
was already going to go higher regardless of news.. you know how i feel about fundies

so euro has finally declined some more so now i have a 3602 target that needs to break but a 3580 target has been initiated already though it can still fail...
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  • #18,358
  • Feb 12, 2014 5:36am Feb 12, 2014 5:36am
Quoting jaylovin
{quote} was already going to go higher regardless of news.. you know how i feel about fundies so euro has finally declined some more so now i have a 3602 target that needs to break but a 3580 target has been initiated already though it can still fail... {image}
Yes 3602/3 also L4 on camarilla.
  • #18,359
  • Feb 12, 2014 5:39am Feb 12, 2014 5:39am
and there 3602 goes... 3555 target and still holding for 3398... watch out for bounces 3580, 3512
  • #18,360
  • Feb 12, 2014 5:48am Feb 12, 2014 5:48am
Quoting jaylovin
and there 3602 goes... 3555 target and still holding for 3398... watch out for bounces 3580, 3512
Yes 3585 should provide some support.
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