Unless something bad happens.
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- #1,117,861
- Jun 20, 2017 3:32am Jun 20, 2017 3:32am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
- #1,117,863
- Jun 20, 2017 3:33am Jun 20, 2017 3:33am
{quote} Love your posts Copi! Quick question please as I am a bit confused, I read the chart that the big down bar comes down on increasing volume? I can't see the volume has decreased or am I being stupid lol? many thanks for your charts, subscribed!
Sorry I should have elaborated more. Yes the 30min bar was on higher volume but within the bar you can see it comes down on high volume and then buying pressure comes in.
The 30min bar is the bars in the green box.
The volume peaks and the starts to drop away as it comes into the institutional discount zone. There are certain areas the institutions will take price to to get their discount. I know its a discount zone as I can see on my models price is starting to diverge from its intrinsic values. (see the chart below)
The deltas start to diverge from price. See the red box on the stochastic indicator, the green line moves above the red line. Tells me that buying pressure is coming into the market, I have value to the upside.
Later the reverse happens. I have value to the downside, price comes into an institutional discount sell zone and selling pressure is coming into the market.
Then we have a technically perfect setup. We get a high volume pin bar . As its on higher volume you should expect a low volume test. When that happens its time to go short. I had a short in that purple box with a 5 point stop.
Note I didnt go short due to the technical setup, I went short as I had value to the downside. The setup is just to find the perfect entry point.
Boxing clever since 76.
- #1,117,866
- Jun 20, 2017 3:39am Jun 20, 2017 3:39am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #1,117,867
- Jun 20, 2017 3:50am Jun 20, 2017 3:50am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
{quote} Oh boy, that rat's face!You holding anything bro?
If no touch of the blue rec today, I am out with any loss.
- #1,117,868
- Jun 20, 2017 3:59am Jun 20, 2017 3:59am
copi88 can you please explain what those coloured lines are on your second chart picture. Your explanation is really good but when trying to trade in real time I find trading is not so easy. Lots of times when I think its ready to move up or down it goes completely the opposite way. Really frustrating
- #1,117,872
- Jun 20, 2017 4:14am Jun 20, 2017 4:14am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #1,117,875
- Jun 20, 2017 4:24am Jun 20, 2017 4:24am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #1,117,879
- Jun 20, 2017 4:45am Jun 20, 2017 4:45am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #1,117,880
- Jun 20, 2017 4:45am Jun 20, 2017 4:45am
GBPJPY delivers again. EU can go ahead and be boring for all I care 
Less than optimal exit, I know - was in a meeting at work :/
Less than optimal exit, I know - was in a meeting at work :/
