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  • #441
  • May 14, 2017 6:12am May 14, 2017 6:12am
Quoting okshop
Dear wizlon32, hope I am getting this right, if wrong then will read silently and try again soon. Tq {image}
Your post looks interesting mizi. You are obviously working that grey matter very hard
I am spending some time with my family today before I travel back to work later. I will check your post out in detail tonight and try to offer you my best answer.

For now here is 1 thing that did stick out.
"small volume but big bar shows more buyers" - No
This shows that it took less effort to move price up at that time. It shows that the sellers were less aggressive so there was lower liquidity making it easier to move up. Remember for every buy order there has to be a sell order. If a buy order is placed it has to be matched to a sell and if the nearest sell is higher then that is where to candle will go to meet that order.
Indentify > Plan > Accept > Execute
  • #442
  • May 14, 2017 7:32am May 14, 2017 7:32am
Quoting mizi123
Guys why best traders from new era have some connection with matrial arts or army solders
They have discipline.
The funniest, is that nobody takes me seriously.
  • #443
  • May 14, 2017 9:09am May 14, 2017 9:09am
Quoting mizi123
Guys why best traders from new era have some connection with matrial arts or army solders
and have a dayjob too
  • #444
  • May 14, 2017 10:10am May 14, 2017 10:10am
Quoting wizlon32
{quote} Your post looks interesting mizi. You are obviously working that grey matter very hard I am spending some time with my family today before I travel back to work later. I will check your post out in detail tonight and try to offer you my best answer. For now here is 1 thing that did stick out. "small volume but big bar shows more buyers" - No This shows that it took less effort to move price up at that time. It shows that the sellers were less aggressive so there was lower liquidity making it easier to move up. Remember for every buy...
My example here is very simplistic and isn't completely accurate but it's not a bad place to start understanding how the markets work. Every market has to find its point of balance. If it becomes unbalanced then a price move occurs. A doji candle can be seen as balance. An engulfing candle is unbalance and a move to re-balance. Pin bars can show a potential shift in the balance.
Aggressive market participation (buying/selling at current market price) is what drives price one way or the other.
Indentify > Plan > Accept > Execute
  • #445
  • May 14, 2017 10:49am May 14, 2017 10:49am
Quoting mario777
{quote} and have a dayjob too
Okk there are different reasons and ppl have they own. Wizlon has told us the reason, but conditions for living from trading are not the samein different parts of the world there are to many issues i thing I have told in 1 thread in my country with 1000$ buck's monthy you can live like in middle of LA, thing that you can do in UK lets say..... is complex respond to these question.
  • #446
  • May 14, 2017 10:53am May 14, 2017 10:53am
Interesting and easy follow article about volume to improve trading.
http://www.investopedia.com/articles.../02/010702.asp
  • #447
  • May 14, 2017 3:52pm May 14, 2017 3:52pm
Quoting okshop
Dear wizlon32, hope I am getting this right, if wrong then will read silently and try again soon. Tq {image}
I believe that what was happening in the area I circled was sneaky buying by traders with deep pockets. It looks to me that the buying may have started at the pin bars right above your 2 and it would have continued all the way to the lowest candle which is a pin bar. But of course there is also selling happening because these people want to push price down to fill their long orders at better and better prices. They also want to close their shorts at the best price so it is their interest to push it as low as they can.

Now these people are greedy and their plan is to eventually drive price up again to take profit from all those longs that they placed on the way down. And look where price is now - they have pulled it off perfectly. There are clues in the volume and in the candle formations - look at all those bullish engulfing candles. Why are they forming if all that volume is selling pressure?

When I see this I don't want to be on the short side because I don't know how low it will go or when they will have achieved what they are trying to do. I know that at some point it is going back up. That makes me a counter-trend trader but it doesn't mean I am a counter MM trader.

EU was doing the same thing last week when I ended up getting burned for being greedy. But look where price is now....it is above where I placed my 1st long order. Is that down to the negative USD news on Friday or was that always going to happen? You know what I think.

I don't know if I have helped mate or even given you any answers along the right lines that you were looking for but I hope so. If not then keep asking until you get the information you want. But remember this is just my interpretation and I could be wrong.
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Indentify > Plan > Accept > Execute
  • #448
  • May 15, 2017 12:42am May 15, 2017 12:42am
Volume Analysis result : fDax to go down to 12766 , setup for a buy entry. Lets see if it eventuates.
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  • #449
  • May 15, 2017 1:29am May 15, 2017 1:29am
Short Scalp on S15 Dax
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Indentify > Plan > Accept > Execute
  • #450
  • May 15, 2017 1:37am May 15, 2017 1:37am
Quoting wizlon32
Short Scalp on S15 Dax {image}
yes, going for the buy 12800 so expecting come down little , weekly resistance bouncing around currently
  • #451
  • May 15, 2017 1:41am May 15, 2017 1:41am
Quoting Pip-Miner
{quote} yes, going for the buy 1280 so expecting come down little , weekly resistance bouncing around currently
Also all time high resistance. It might go up and up but I can't help but to be cautious at these levels.
Indentify > Plan > Accept > Execute
  • #452
  • May 15, 2017 1:48am May 15, 2017 1:48am
Quoting wizlon32
{quote} Also all time high resistance. It might go up and up but I can't help but to be cautious at these levels.
yeah look at the volume very low , also on my supply line - perfect dump pattern happening
  • #453
  • May 15, 2017 1:55am May 15, 2017 1:55am
EU S15
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Indentify > Plan > Accept > Execute
  • #454
  • May 15, 2017 1:59am May 15, 2017 1:59am
EU S30
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Indentify > Plan > Accept > Execute
  • #455
  • May 15, 2017 2:35am May 15, 2017 2:35am
Quoting wizlon32
{quote} I believe that what was happening in the area I circled was sneaky buying by traders with deep pockets. It looks to me that the buying may have started at the pin bars right above your 2 and it would have continued all the way to the lowest candle which is a pin bar. But of course there is also selling happening because these people want to push price down to fill their long orders at better and better prices. They also want to close their shorts at the best price so it is their interest to push it as low as they can. Now these people are...
Now these people are greedy and their plan is to eventually drive price up again to take profit from all those longs that they placed on the way down.
Attached Image
Self discipline It is a practice
  • #456
  • May 15, 2017 3:03am May 15, 2017 3:03am
multiple buys triggered 12800 fdax
  • #457
  • May 15, 2017 3:15am May 15, 2017 3:15am
Hi Wiz,

Thank you very much for this great thread. really.
Would it be possible to give us some information about your customer times frames?

Thank you
  • #458
  • May 15, 2017 3:15am May 15, 2017 3:15am
Quoting Pip-Miner
multiple buys triggered 12800 fdax
more buys 12765 stated it would go here earlier
  • #459
  • May 15, 2017 4:28am May 15, 2017 4:28am
Perhaps a little buying interest coming now on Dax.
Indentify > Plan > Accept > Execute
  • #460
  • May 15, 2017 4:33am May 15, 2017 4:33am
Quoting wizlon32
Perhaps a little buying interest coming now on Dax.
buys 12736
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