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SimpleDev replied May 23, 2013US dollar isn't looking so hot for today, first chart. Second chart EU daily.
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SimpleDev replied May 23, 2013Yup, the biggest thing to remember is if price is rising after accumulation on low volume not to worry, but if you see a major SOW and price rising on low volume then it is time to look for an exit strategy. But back to your original post of low ...
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SimpleDev replied May 22, 2013Since everyone is posting up GU charts, here is one I thought was interesting, maybe a lesson for someone out there. 4h chart based on LO. Yellow lines look as if they could be potential stopping volume, but honestly the volume was a bit lacking. ...
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SimpleDev replied May 22, 2013Interesting post, lets go at this with a bit of VSA logic. You are big professional trader, and lets say that you shorted a pair a few weeks ago. By shorting the pair you are essential flooding the pair with supply, once a pair has been flooded with ...
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SimpleDev replied May 22, 2013Well color me an asshat! We did have a test on daily, but as I saw it seemed that the up side was limited. I understand calling tops is evil, people call a few tops successfully and they become over confident and start trading those tops and get ...
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SimpleDev replied May 20, 2013What do you mean the X/JPY pairs are weak? A wide spread up bar with high volume followed by effort to rise then an UT mixed with a ND and a failed test is good for higher prices, right?
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SimpleDev replied May 20, 2013Honestly I have a feeling that this is going to be a messy week. FF calender has a lot of heavy news events for the rest of the week. Going through my charts and thought I would share a longer term view of DX. First is a 2h chart. on 5/17 we had ...
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SimpleDev replied May 19, 2013Seems as if we have some holidays for EUR/CAD/CHF so today might be a slow day. GU looks interesting today, 2h chart highest volume on Friday since 5/3, 5230 will be an area to watch out for if it decides to make a run up.
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SimpleDev replied May 19, 2013Excellent and well thought out post, thanks for sharing it with us. If you decide to share it with us, I will be looking forward to that day.
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SimpleDev replied May 15, 2013Big volume at FO and a lot of Euro news and USD news today. I don't want to short against these volumes but way too early to think of any longs. Maybe US session will present an opportunity for some pips.
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SimpleDev replied May 14, 2013Try Fibbing the previous week and using daily pivots to help with your TPs. Had the 78% fib at .55 and a pivot at .65, take the safer route for days like today where .59 was the low for the move. You usually miss out on the TPs trying to squeeze out ...
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SimpleDev replied May 14, 2013Interesting that you went long on EU and short on EJ. Lets see how this turns out.
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SimpleDev replied May 13, 2013Liking EJ today. Daily ND after a surge in volume the day before. 30m still a bit flat ATM though.
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SimpleDev replied May 13, 2013Wow Jo.. looks like Kinsale brought his buddies to the forum and now we have some VSA company.
Just saying that right now I think we are in a risky area, the volume on 5/2 is the highest volume we have seen in over a year (1st chart) and should ...vsa with Malcolm
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SimpleDev replied May 13, 2013Half way into writing the previous post jumped into an AJ trade. Hoping to ride this down to 101.16.
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SimpleDev replied May 13, 2013There is some demand in those bars, which is why we found some support at the 4/24 level. Especially in the higher time frames you will see stopping volume and price continues to fall 50-100+ pips just due to the momentum of the trend. Basically now ...
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SimpleDev replied May 13, 2013EU 4h based on London.. Have a lot going on in this chart.. Lets start with bar 1 and 3.. Bar 1 as we approached a daily resistance level of 3220 we find an UT. Bar 3 as we approach 3220 a second time, we do so on very low volume and see a rejection ...
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SimpleDev replied May 12, 2013Good post
Looks as if we saw some possible supply back on 5/9, and you are right about Asia selling today. Don't be a hero, we are still in an up trend. 2h chart..vsa with Malcolm