GBP looking like it was sold into this session.
A great r:r trade especially on the GBPCHF.
A great r:r trade especially on the GBPCHF.
Attached Image (click to enlarge)
- #27,741
- Aug 24, 2016 2:02pm Aug 24, 2016 2:02pm
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #27,744
- Aug 25, 2016 1:35am Aug 25, 2016 1:35am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading the Dax Index for two hours from the open of its Cash market (XO) at 9am CET offers 200+ pts of opportunity almost every day.
Price Action around levels with volume analysis allows me to get a good ammount from each swing - often posted in RT elsewhere....
Price Action around levels with volume analysis allows me to get a good ammount from each swing - often posted in RT elsewhere....
Trading Levels with WRBs
- #27,746
- Aug 25, 2016 2:18pm Aug 25, 2016 2:18pm
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #27,747
- Aug 27, 2016 7:44am Aug 27, 2016 7:44am
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
I felt left out, so, hi 
Working two jobs currently but will hopefully be dropping by volume.zone as well as here in the near future.
Working two jobs currently but will hopefully be dropping by volume.zone as well as here in the near future.
Hi guys! May I ask you some help in analyzing oil? That's not a market I trade but I always watch it since there are many interesting oil related stocks now and also because it's good for learning VSA.
There has been a strong accumulation in the area $26-$34 that started an uptrend, but then I don't see any BC or relevant volume up so I think that, on a long-term perspective, there still is strength.
The arrow marked is a NS that appeared after some weakness (an upthrust that marked a lower high). I admit that checking the H1 chart, volume on that upthrust is very high:
But still, that's followed by a NS. (note that I'm considering the NS here because I consider the trend up at that time, otherwise if there already was weakness in the background that NS is irrelevant).
The failed NS is weakness. 1) is that enough to consider the background weak?
2) Do you guys see some signal of weakness before the failed NS?
There has been a strong accumulation in the area $26-$34 that started an uptrend, but then I don't see any BC or relevant volume up so I think that, on a long-term perspective, there still is strength.
The arrow marked is a NS that appeared after some weakness (an upthrust that marked a lower high). I admit that checking the H1 chart, volume on that upthrust is very high:
But still, that's followed by a NS. (note that I'm considering the NS here because I consider the trend up at that time, otherwise if there already was weakness in the background that NS is irrelevant).
The failed NS is weakness. 1) is that enough to consider the background weak?
2) Do you guys see some signal of weakness before the failed NS?
We become what we think about
- #27,755
- Sep 5, 2016 3:18am Sep 5, 2016 3:18am
{quote} much could be said. Tom is a brilliant man and an ex syndicate trader . How many syndicate traders are hanging out here ? I think an ebook on the trials and tribulations of a novice, regular Joe guy might be an interesting read . I wish I had something like that all those moons ago then I would not have made all the mistakes I have made in my trading experience . I doubt I will get time though to write a book in the next fifteen years .. Way to busy with my young son and regular life .. And the odd trade here n there
Hi guys! I think that GU is weak, maybe not ready to go down yet since trend on H1 is still up, but I think there is some signal of weakness.
The first marked ("X") candle has been created by Yellen's speech on Friday. Nice pushup on increasing volume but next candle? Doji on roughly the same volume of the previous candle. This candle is then followed by a down candle closing on its lows. I think this is the first sign of weakness. The second marked candle was created by yesterday's news. I think here that MM used the news (good for GBP) to mark up price but, again, next candle is down with a wide spread and closing on its lows.
Looking on the left, this volume/resistance isn't totally unexpected since price is now at a previous resistance area:
So it's not clear (to me) if demand is just absorbing supply to clear the way up.
Again, I think that for the moment these are only signals of weakness but on H1 the trend is still up so I don't think would be wise shorting at this point.
(plus, I'm mostly wrong than right)
The first marked ("X") candle has been created by Yellen's speech on Friday. Nice pushup on increasing volume but next candle? Doji on roughly the same volume of the previous candle. This candle is then followed by a down candle closing on its lows. I think this is the first sign of weakness. The second marked candle was created by yesterday's news. I think here that MM used the news (good for GBP) to mark up price but, again, next candle is down with a wide spread and closing on its lows.
Looking on the left, this volume/resistance isn't totally unexpected since price is now at a previous resistance area:
So it's not clear (to me) if demand is just absorbing supply to clear the way up.
Again, I think that for the moment these are only signals of weakness but on H1 the trend is still up so I don't think would be wise shorting at this point.
(plus, I'm mostly wrong than right)
We become what we think about
Hi guys! I think that GU is weak, maybe not ready to go down yet since trend on H1 is still up, but I think there is some signal of weakness. {image} The first marked ("X") candle has been created by Yellen's speech on Friday. Nice pushup on increasing volume but next candle? Doji on roughly the same volume of the previous candle. This candle is then followed by a down candle closing on its lows. I think this is the first sign of weakness. The second marked candle was created by yesterday's news. I think here that MM used the news (good for GBP)...
How do you guys usually trade the day after such pushups?
We become what we think about
Hi guys! I think that GU is weak, maybe not ready to go down yet since trend on H1 is still up, but I think there is some signal of weakness.
there's accumulation in the background, there's demand, there's rejection of lower prices, where did you see weakness?
The loss was not bad luck. It was bad Analysis - D.Einhorn
- #27,759
- Sep 7, 2016 1:52pm Sep 7, 2016 1:52pm
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
Very soon we will be discovering if the Wide range up bar on the Eur/USd was hiding short sales.
At least the good news is one of us must be right
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