{quote} Thanks, Markus for the link. Yep, shit happens. D.P.
Simple guideline:
H&S formation was meant to crush support.
So be carefull if there is resistance above suspected H&S formation, probably its not H&S at all.
- #18,981
- May 13, 2015 10:56am May 13, 2015 10:56am
- | Joined Jun 2013 | Status: Trader | 1,144 Posts
Simple guideline:
H&S formation was meant to crush support.
So be carefull if there is resistance above suspected H&S formation, probably its not H&S at all.
- #18,986
- May 13, 2015 3:13pm May 13, 2015 3:13pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} What i learned with chart pattern trading is that you need to establish lower TF entry with such patterns to make them work. In general terms trading them straight ahead as they are "sold" you are right they work by rather weak results and most important they product a lot of fakeout entries. However that article you posted does not include (solid article, but doesnt cover proper entry aspect) is how to enter such patterns on break, and know where to quickly cut loss, and to ride it well, this is what makes large difference. I just quickly...
Thanks Jan for explanation and nice charts/examples with your annotations
- #18,988
- May 13, 2015 3:29pm May 13, 2015 3:29pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Forget Mattresses, Greeks Are Stashing Their Cash In Cars
When I bought my first new car, my father told me to not to open the door, because, he told, when I would then close the door, I would have lost the first 10% of value LOL
Forget Mattresses, Greeks Are Stashing Their Cash In Cars
When I bought my first new car, my father told me to not to open the door, because, he told, when I would then close the door, I would have lost the first 10% of value LOL
- #18,992
- May 14, 2015 2:15am May 14, 2015 2:15am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #18,997
- May 14, 2015 5:26am May 14, 2015 5:26am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #18,998
- Edited 5:50am May 14, 2015 5:27am | Edited 5:50am
EU volume profiles {image}
I edit myself, good area to short would be over 15,50
- #18,999
- May 14, 2015 7:40am May 14, 2015 7:40am
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} How do you work with this low volumes areas?? 14,80- 15,50. We have seen that sometimes is like a border, and other times the market go to fullfill the non-business areas? I edit myself, good area to short would be over 15,50
the low-volume zones get tested by price, and are either quick rejected or price jumps literally over it
keep in mind: this areas have not much been traded before, so do not expect much supply or demand there
the high volume zones get also tested, but behaviour is another. It is more kind of slower, grinding action. When price wants to cross a high business area, it has to absorb a lot of supply or demand (because in this zones traders positioned beforehand). This seems to make the action more slowly
This are my observations.
Then I came across this:
LVN and HVN – Why Do They Work
Posted in CBOT Market Profile
, Trading Education by Trevor Harnett on April 23, 2014LVN = “Low Volume Node”
This describes a single price or price area where there has been a dip in the profile because of a particularly low amount of volume. LVN’s typically represent areas on the profile where little trading took place between buyers and sellers and will generally be a price level that gets quickly rejected by traders. Trading in the area of an LVN is typically fast and aggressive, meaning there is not a lot of time to get in or out. The market usually tests the level and then passes through or gets rejected.
HVN = “High Volume Node”
This describes a single price or price area where there has been a bulge in the profile because of a particularly high amount of volume. HVN’s typically represent areas on the profile where heavy trading took place between buyers and sellers and will generally be a price level that the markets gets stuck trading around. Price moves into and out of this area are slower as the market digests volume. HVN’s do not need to contain the VPOC – volume point of control or high volume node for the profile – to be considered an HVN.