{quote} USDCHF closed with. profit. Tomorrow I outside the computer. Tomorrow many news. {image}
Strength in the background, price came down, highest volume on down bars. There is also strong support area.
Whatever is obvious is obviously wrong!"
- #70,801
- May 7, 2014 1:56pm May 7, 2014 1:56pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Strength in the background, price came down, highest volume on down bars. There is also strong support area.
- #70,802
- May 7, 2014 2:04pm May 7, 2014 2:04pm
{quote} USDCHF - I think it's just a beginning
I have another account and there I still USDJPY i USDCHF long
- #70,803
- Edited 2:16pm May 7, 2014 2:06pm | Edited 2:16pm
{quote} UJ - to me it seems bullish. M15 - what's in the background? I see strength in background, price came down and all the highest volume appears on down bars. Remember that strength always appears on down bars. Today's highest volume appears on down bar and I think this high volume down bar today was a fake. Because look at what happened next. Price hasn't made any further progress to down after that high volume down bar. H1 - price came down and same scenario as on M15. Highest volume appears on down bars. Price touched support area and rallied...
I appreciate you taking part in this discussion about the UJ. I do not master the Interpetación volume as well as you, yet. Therefore, I have to turn sometimes as antiquated methods of analysis, and my experience. And now that I read your post as I have more clear, and I agree.
I doubted that perhaps could have a lower wave. My sentiment is bullish long term.
Add daily chart showing ample support and trendline.
Check your emotions. How are you?
- #70,805
- May 7, 2014 2:30pm May 7, 2014 2:30pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY comment; IMO appears short term bullish because MM's quickly ran PA above round number 102.000 on Yellens speech then whacked it as shown on H1. Now on the M1 chart MM's appear to be accumulating longs below the round number with notable volume on up moves with dragon and EMA headed up as well. (of course as a scalper, unlike position traders, I look for short term moves) Contrary comments welcomed!
Regards,
Cigarguy
Keep It Simple
AU
It appears to me after taking a look at the AU 15m chart that the bulls have re-started buying at the now better lower price below 193.25. Long wicks and high volume definitely gives us something to think about considering this is coming off some pretty obvious buying on the 4hr chart last week. I will be watching to see how this unfolds especially with some high impact news in a few hours.
It appears to me after taking a look at the AU 15m chart that the bulls have re-started buying at the now better lower price below 193.25. Long wicks and high volume definitely gives us something to think about considering this is coming off some pretty obvious buying on the 4hr chart last week. I will be watching to see how this unfolds especially with some high impact news in a few hours.
- #70,813
- May 7, 2014 7:26pm May 7, 2014 7:26pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NU: extremely bullish We can see a perfect position building phase (PVSRA): price below hole, quarter and half number. {image}
{quote} You can scout... but let the dragon show.. Sonic
WEEK - pin bar suggests bears
H1 - Dragon well angled down, and Trend rolling over, suggesting bears
M15 - Down trend established, notable volume at lows is not extreme anywhere that would suggest trend "stopping"
Conclusion
Bears are in control. As such, they might covet some highs for more shorting. If the price gets whipped on USD releases, the probability is this will be done by the robber banks in order to get prices higher for more short accumulation. Such a move up might be anticipated - possibly traded profitably - but without a Classic long setup it would not be a Sonic R. System trade. It would be "bottom picking" on the basis of a pure guess!
-tah
- #70,816
- May 7, 2014 7:38pm May 7, 2014 7:38pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
EUR/AUD - BEARS Beautiful high volume in the highs{image}
AUD Unemployment in less than 1 hour away..lets see.
- #70,817
- Edited 9:00pm May 7, 2014 8:38pm | Edited 9:00pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
