{quote} I agreeLooks to me like lots of distribution going on in this zone. As you can see there were lots of high volume bars that caused selloffs. This news release has sent price above the whole number but very bearish pins on the 15 min can tell us that MM's want price above to continue placing shorts. {image}
- #69,642
- Apr 25, 2014 2:12am Apr 25, 2014 2:12am
{quote} I agree
- #69,643
- Edited 3:14am Apr 25, 2014 2:21am | Edited 3:14am
- | Commercial User | Joined Aug 2013 | 2,935 Posts
wondering if the high volume over the whole number indicates bears.
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- #69,644
- Apr 25, 2014 2:32am Apr 25, 2014 2:32am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
One of the beginner mistakes: Greed. I hope i ll learn from my mistakes
{image}
Look at where you entered, in different circumstances your entry could be good entry but you missed one very important sign on the chart - VOLUME!
You had opened short position and price started to fall but look what happened next, very high volume on support area and the most important thing is marked in red circle. Look at the reaction to this very high volume, bull candle immediately closes ABOVE the previous bear candle. This is not a sign of selling, this is a sign of buying. This was the place where your trade should be closed.
Remember that market doesn't like very high volume, if you see very high volume, specially on support/resistance area, be aware. This kind of high volume usually contains shorts/longs both.
Whatever is obvious is obviously wrong!"
- #69,649
- Apr 25, 2014 3:45am Apr 25, 2014 3:45am
Hi guys , this is my view of NU, I would like to know your opinion 
I am holding long 0,86 after the NU news, changing rate, I was 30 pips in profit but i didnt close and i was screwed by MM when yesterday they dump aroun 70 pips, but what i see now IS
MMs might be bull, they are buying low 5 days in a row,
NU is in long trend daily,
If we break 0,86 then 0,8634 we should see the new leg of uptrend.
But maybe I am wrong and they just push price higher to add shorts and then dump the hole daily uptrend
I am holding long 0,86 after the NU news, changing rate, I was 30 pips in profit but i didnt close and i was screwed by MM when yesterday they dump aroun 70 pips, but what i see now IS
MMs might be bull, they are buying low 5 days in a row,
NU is in long trend daily,
If we break 0,86 then 0,8634 we should see the new leg of uptrend.
But maybe I am wrong and they just push price higher to add shorts and then dump the hole daily uptrend
Build your own dreams, or someone else will hire you to build theirs.
- #69,650
- Apr 25, 2014 3:58am Apr 25, 2014 3:58am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
Hi guys , this is my view of NU, I would like to know your opinion
Could be wrong, cause nothing is sure, but this is my trade
I know the secret...
- #69,651
- Apr 25, 2014 3:59am Apr 25, 2014 3:59am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
Hi all,
the week isn't over yet but, since i will not be watching the rest of the day, i would like to leave here my reading on EU.
is just my bias...
Weekly - 2 weeks ago price made a shake out (up) with volume less then the previous 2 bars. So price went up on low volume, which indicates that there's not much interest on higher prices.
Last week started with a gap that is not closed yet. The week ended with a low volume (lower than previous two) and with low range. this candle, as said on previous posts, is a bullish kind candle, if placed in better palce, i would cal it NO SUPPLY. Indicating that this week might be bull candle (or up candle).
This week (actual), is coming to an end, at this time, the candle is up as previewd, but volume still lower than previous two. and haven't made a new high. US session still to come, but it stays like these... next week might be down move.
Last time we had such low volume on this level (green candles on volume indi) the prices dropped during some weeks.
Dailly - Price is on Resistance/Support Level, since Mars is doing lower highs. Volume on this level is lower than previous ocasions. three days ago price made a lower Upthrust followed by an up candle with climatic volume, effort to cross resistance line was notted (many shorts orders were filled!). today, price litle up with very low volume. if day ends like this it might be a NO DEMAND bar. which might indicate that price will go down.
4Hour- third consecutive lower high forming. price going up on low volume (no interest), touching supply área with climatic volume candle. Upthrust kind candle forming. price might fall right on the very next candle (at leat one candle).
1hour - UPthurst on resistance line with climatic volume... price will fall...
see you soon.....
the week isn't over yet but, since i will not be watching the rest of the day, i would like to leave here my reading on EU.
is just my bias...
Weekly - 2 weeks ago price made a shake out (up) with volume less then the previous 2 bars. So price went up on low volume, which indicates that there's not much interest on higher prices.
Last week started with a gap that is not closed yet. The week ended with a low volume (lower than previous two) and with low range. this candle, as said on previous posts, is a bullish kind candle, if placed in better palce, i would cal it NO SUPPLY. Indicating that this week might be bull candle (or up candle).
This week (actual), is coming to an end, at this time, the candle is up as previewd, but volume still lower than previous two. and haven't made a new high. US session still to come, but it stays like these... next week might be down move.
Last time we had such low volume on this level (green candles on volume indi) the prices dropped during some weeks.
Dailly - Price is on Resistance/Support Level, since Mars is doing lower highs. Volume on this level is lower than previous ocasions. three days ago price made a lower Upthrust followed by an up candle with climatic volume, effort to cross resistance line was notted (many shorts orders were filled!). today, price litle up with very low volume. if day ends like this it might be a NO DEMAND bar. which might indicate that price will go down.
4Hour- third consecutive lower high forming. price going up on low volume (no interest), touching supply área with climatic volume candle. Upthrust kind candle forming. price might fall right on the very next candle (at leat one candle).
1hour - UPthurst on resistance line with climatic volume... price will fall...
see you soon.....
If you don't know how to earn money, don't loose it.
- #69,653
- Apr 25, 2014 4:17am Apr 25, 2014 4:17am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
EU looks like classic sonic forming on M5... will it work?
let's see the reaction near the stoping volume candle!!!
let's see the reaction near the stoping volume candle!!!
If you don't know how to earn money, don't loose it.
Hello,
very interesting system . i have been reading non-stop for the last several days and have found all the info especially the PVSRA to be a game changer for my trading. My question is where are the instructions for the Scout trade? ive searched hi and low on the 1st page and have yet to find any instructions for the Scout in particular... even where is says " For Sonic R scout and PVSRA" i have been unable to find anything that actually lays out the parameters for a Scout entry. Can someone please point me in the right direction? I will then resume my studies and "be quite"
very interesting system . i have been reading non-stop for the last several days and have found all the info especially the PVSRA to be a game changer for my trading. My question is where are the instructions for the Scout trade? ive searched hi and low on the 1st page and have yet to find any instructions for the Scout in particular... even where is says " For Sonic R scout and PVSRA" i have been unable to find anything that actually lays out the parameters for a Scout entry. Can someone please point me in the right direction? I will then resume my studies and "be quite"
- #69,656
- Apr 25, 2014 4:37am Apr 25, 2014 4:37am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
{quote} Can you explain "demand appears to be overcoming supply" vs "Up bars show no demand" Thank you in advance
Demand means buy... the sentence "demand appears to be overcoming supply" refers to the candle after the stopping volume. it's a kind of "attention". that candle happened countertrend.
you must pay attention to the next candles...
and "low volume up bars show no demand"... that is a fact. if price is going up on low volumes, means that there is no interest from the big boys in higher prices... but they rule. MM can make price go up on low volume... but you and i can't...
importance is to discover what MM want.
the opposite is also true. price going down on low volume means that there is limited evidence of downside pressure, and if the market is falling on low volume that might mean no selling.
if there's no selling... what is MM doing on thos down canldes?
If you don't know how to earn money, don't loose it.
- #69,657
- Apr 25, 2014 4:44am Apr 25, 2014 4:44am
{quote} Please interpret the sentence as a all... Demand means buy... the sentence "demand appears to be overcoming supply" refers to the candle after the stopping volume. it's a kind of "attention". that candle happened countertrend. you must pay attention to the next candles... and "low volume up bars show no demand"... that is a fact. if price is going up on low volumes, means that there is no interest from the big boys in higher prices... but they rule. MM can make price go up on low volume... but you and i can't...
Both your post were very informative to me and paid attention to each and every sentence
Have a nice weekend
- #69,659
- Apr 25, 2014 4:51am Apr 25, 2014 4:51am
- | Commercial User | Joined Aug 2013 | 2,935 Posts
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
