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- Ronlizard replied Jul 20, 2010
I was referring to Momomoney's post which is now on the previous page.
vsa with Malcolm
- Ronlizard replied Jul 20, 2010
It was Public Sector Net Borrowing, not Money Supply. The figure was actually slightly down from last month, but above the forecast.
vsa with Malcolm
- Ronlizard replied Jul 15, 2010
Hidden Gap — Thanks very much for your analysis - very informative as always. I think there's a mistake in this sentence though, because as it stands it doesn't make sense. "The second type will also be a selling bar. It will open higher than ...
vsa with Malcolm
- Ronlizard replied Jul 13, 2010
It's potential stopping volume. Same situation on GU. Background is strong upward momentum on both though, so it remains to be seen what effect it has.
vsa with Malcolm
- Ronlizard replied Jul 11, 2010
Don't you have to look at the No Demand and No Supply bars on the EURUSD daily chart in the light of the holiday weekend in the US, hence the unusually low volume on both days? The first of the two doesn't look particularly out of line in terms of ...
vsa with Malcolm
- Ronlizard replied Jul 9, 2010
That looks like a really nice set-up to me. I've just got back in so I missed the action. GU is at a critical level now. It's bounced off this support twice but if it gets through, there's plenty of room for a drop underneath. Have to wait and see.
vsa with Malcolm
- Ronlizard replied Jul 9, 2010
So is the idea that new buyers looking at a profit will start to sell too soon so that price either won't go as high as SM wants or that price will start to fall too quickly when they start distribution?
vsa with Malcolm
- Ronlizard replied Jul 9, 2010
You may be right. I suppose too that MtM isn't just or even primarily about the forex market. That kind of orderly accumulation and subsequent distribution would make sense in a market with a limited amount of floating supply.
vsa with Malcolm
- Ronlizard replied Jul 9, 2010
Nothing like that on mine. Looks like a problem with your data feed.
vsa with Malcolm
- Ronlizard replied Jul 9, 2010
I don't understand that section of MtM either. I'm probably missing something, but it seems to me illogical and self-contradictory. It seems to be suggesting that SM wants to take out short stops (ie force existing shorters to buy), whilst at the ...
vsa with Malcolm
- Ronlizard replied Jul 9, 2010
I'm not that familiar with AJ, but the rejection yesterday was at the 61.8 fib of the last major move down (it actually retraced to the 50%, touched it twice and bounced off it), so it needs to clear that if it's going any further.
vsa with Malcolm
- Ronlizard replied Jul 8, 2010
It sounds a decent enough idea to me. I presume you make a note of the various levels at different times of the day to help with the overall picture. It may be a lagging indicator as someone said, but other than price itself so are all of them to ...
vsa with Malcolm
- Ronlizard replied Jul 7, 2010
[quote=Intel;3857384]I use any TF I can find good setups on. Daily for general trend, just to 'see where things are going' Then H1, M30, M15 and M5 for setups. M15 being my favourite./quote] Thanks. I'm familiar with looking at the longer timeframe ...
vsa with Malcolm
- Ronlizard replied Jul 7, 2010
Do you normally use the 30min to look for set-ups or do you look at more than one timeframe?
vsa with Malcolm
- Ronlizard replied Jul 7, 2010
Important news items. Changes in a country's credit rating. Can be a few things. The day it was confirmed UK was in recession GBPUSD went down about 400 pips in a few hours. Can just be overall sentiment though - these things sometimes seem to ...
vsa with Malcolm
- Ronlizard replied Jul 7, 2010
It's clear enough what happened. It bounced off support from Monday at 5086. It's just about to test it again.
vsa with Malcolm
- Ronlizard replied Jul 7, 2010
There's support around 1.5090 but it still looks weak to me. Be surprised if it doesn't clear it but you never know....
vsa with Malcolm