Supply/Demand, VSA, Wyckoff with Petefader - Page 51
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  1. #501
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    Mar 2011
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    Quote Originally Posted by Ltrader View Post
    I always seem to enter trades waaay too early
    Stop thinking that cr*p. You're on a mission

  2. #502
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    Quote Originally Posted by petefader View Post
    ...thanks Tom and Richard.
    ...and thanks to you, Pete Dont forget

  3. #503
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    Wow, who wouldn't want a Wampa rug for xmas?
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  4. #504
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    Nov 2011
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    I knew this sell off was coming. Just want to make sure I was interpreting it correctly. During the European session, the price was moving up, but volume was shrinking. So that's weakness right? There were a lot of pins over the course of this week on top of the bars, so that's SM selling into the rallys, establishing nice short positions? Mid week, the down moves had shrinking volume, how am I to interpret that?

  5. #505
    Join Date
    Feb 2010
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    Wales is beautiful country.
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    Quote Originally Posted by froggy51 View Post
    I have an alternative strategy in the November competition if anyone is interested in reading/voting.

    Don't shoot me down but it is not VSA ... lol

    SHI channel strategy.
    I think you forgot the T somewhere!

  6. #506
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    Quote Originally Posted by purplepatchforex View Post
    I think you forgot the T somewhere!
    Alright you guys - look I get the idea. I posted this trade idea before I found the VSA thread and started my real forex education. Let's move on - I'm sure we can still be friends

  7. #507
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    We're friends here Froggy, just having fun..

    Traderjoo I'm not sure why you are trying to analyze by looking at "shrinking" volume. Try applying the principles I teach in my videos on the 1hr chart.

    What screams at you is Wednesdays VERY wide spread/high volume up candle, with a bearish reaction. That is a huge (literally) sign of weakness. At that point it's the start of distribution by definition. (unless price we're to continue up, but no)

    Thursday had significant volume increases/pins when testing that high (weakness again), and friday was text book news manipulation, upthrust/fake break to end the distribution and start the markdown phase.

    Now that it's mark down phase, we look to sell rallies and NDs next week, unless we see large stopping volume to stop a down move..that would show us demand coming in.
    Last edited by petefader; 12-03-2011 at 11:53 AM.

  8. #508
    Join Date
    Aug 2011
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    9
    I made this quick cheat sheet i have printed and put next to the screen to help me as i was getting a little confused sometimes even though I have been through the videos loads. Might be of use to someone, newbie like meName:  ND-NS Cheat Sheet.jpg
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  9. #509
    Join Date
    Aug 2011
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    9
    Also a quick question....

    When looking at a possible reversal point either stopping vol, buying climax effort to rise is it better to see a test on higher or lower volume?

  10. #510
    Join Date
    Mar 2011
    Posts
    264
    Quote Originally Posted by petefader View Post

    What screams at you is Wednesdays VERY wide spread/high volume up candle, with a bearish reaction. That is a huge (literally) sign of weakness. At that point it's the start of distribution by definition. (unless price we're to continue up, but no)

    Thursday had significant volume increases/pins when testing that high (weakness again), and friday was text book news manipulation, upthrust/fake break to end the distribution and start the markdown phase.

    Now that it's mark down phase, we look to sell rallies and NDs next week, unless we see large stopping volume to stop a down move..that would show us demand coming in.
    Like taking candy..

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