Recent Strength — Hi Bill Hanover has just posted this: url The Recent Strength indicator plots the relative strengths of each currency against each other, on any timeframe(s) that you choose. I think it would be useful for your Pair ...

Pair Divergence Method

Thanks — Thanks for the indicator. This is going to be very useful. Currently I have a separate piece of software that does essentially the same thing and I have been on the look out for one in MT. It will be interesting to see how closely the ...

Recent Strength indicator

Raver This is most proberbly a selling climax. (very high spread and very high volume, closing near but ideally not at the lows, with a falling market behing it). On GBPUSD pair in the 5M timeframe is this a bar that is usually greater than 35 pips. ...

Trade Using VSA (Volume Spread Analysis)

Price Action — Hi BRV This is something I have noticed too. If price is trending slowly so a point of major S or R, it tends to move right through it (maybe with a minor bounce). If price is approaching a line of S or R and then suddenly ...

No Brainer Trades

agreed, i have my next line of major resistance there.

Cable Update (GBPUSD)

4 Hour Chart — Hi hwsv The problem with 4 Hours charts and the nature of the forex market where you have different trading sessions coming online during a 24 hour cycle makes trying to read them using VSA principles quite difficult. I think ...

Trade Using VSA (Volume Spread Analysis)

Hi Malcolmb I think a lot of this volume had to do with the EUR news release and subsequent trading in the EURUSD and EURGBP pairs. If you have a look at the GBPUSD on a lower timeframe for about and hour to two after the news release you will see ...

Trade Using VSA (Volume Spread Analysis)

Nice one Shamus. Would you mind posting a chart showing us what you saw? I believe VSA principles are valid for all timeframes. Supa

Trade Using VSA (Volume Spread Analysis)

News — Link to Hanovers news indicator.. url I havent used it myself.

Trade Using VSA (Volume Spread Analysis)

What time did you place this trade? There was an EUR interest rate release 12:45 GMT. ECB cut less than expected and so the EUR has been strengthening

Trade Using VSA (Volume Spread Analysis)

Hi Rabid I do the same thing. I trade mostly the GBPUSD pair but watch the EURUSD and EURGBP pairs too to see what is moving my pair and how strong that movement will be. Supa C

Pair Divergence Method

makes you wonder if some are privy to the news before the 'official' release

Cable Update (GBPUSD)

Waiting — As I said earlier was then looking for it to break above the high and retest before going long again, but interest comply died in the market and should have known then there would have been profit taking when there was no renewed ...

Cable Update (GBPUSD)

I closed out my long at 1.4582 this morning which was a couple of pips lower than yesterdays high. Lucky this time round I like to look at the charts on a one/two minute timeframe before I enter and exit and the pattern it made as it approached ...

Cable Update (GBPUSD)

Profit Taking — Looks like this is profit taking before the weekend after the last couple of days bull rally. Also triple options expiry day today......

Cable Update (GBPUSD)

News Release — 2009-03-20 10:32:29 * ECB: Reports of a plan to rescue eurozone members in. ECB: Reports of a plan to rescue eurozone members in financial difficulties are false as far as the European Central Bank is concerned, an ECB spokesman ...

EURUSD

News Feed — Hi Pipland Its from the Dukascopy news feed I get. C

Cable Update (GBPUSD)

release — CABLE: Drops back below $1.4500 as euro-dollar also.. CABLE: Drops back below $1.4500 as euro-dollar also moves lower, with traders seeing little in the way of demand now ahead of the day's lows in the $1.4430 area. Some light stops ...

Cable Update (GBPUSD)

Yes, waiting for it to break above 1.4588 and come back to do a retest before I get in again. I havent seen the currency go this flat during the London session for a long time. Have a look at the 1 min. Quite interesting.

Cable Update (GBPUSD)