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Sonofsin5 replied Aug 17, 2011Theres the stop push, I would be more inclined to look for shorts now on signs of weakness.
EURUSD
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Sonofsin5 replied Aug 17, 2011There were massive options in the market with a 4500 strike price. Now stops will be above 4510 and 20 scattered. I wouldnt short just yet.
EURUSD
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Sonofsin5 replied Aug 17, 2011This SNB decision is not as weak as many first though, dont get caught selling this just yet.
USD/CHF
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Sonofsin5 replied Aug 16, 2011You have some valid points but I'd like to chime in. "Gaps" in the retail world and gaps in the inter-bank market exist but are viewed differently. When a retail trader thinks about gaps they are referring to the price difference from their Friday ...
USD/CHF
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Sonofsin5 replied Aug 16, 2011Your trading against the trend and overall market sentiment, .8000 is definitely on the cards for the next Session if not today's. I am long at 7915 with a tp at .7995.
USD/CHF
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Sonofsin5 replied Aug 14, 2011The only problem with this statement is Gavin trades live and calls trades. People take issue with the fact that he repeats his "great oil/ silver call" and yes I agree he does but you cannot argue that he trades live. I know it would seem right now ...
vsa with Malcolm
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Sonofsin5 replied Aug 14, 2011Yow ming is a metaphor for ultra high volume in relationship to other bars. Using metaphors has nothing to do with making Toms works "dirty." If you called Tom and asked him to help you learn VSA he will tell you to join VSA club. Guess who runs it? ...
vsa with Malcolm
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Sonofsin5 replied Aug 10, 2011Low volume is lack of professional activity. In situations like this don't fight the trend unless you see Yow Ming followed by testing.
vsa with Malcolm
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Sonofsin5 replied Aug 10, 2011Market knows qe3 is inevitable, some dealers are already hinting at qe4 and 5 and 6....
EURUSD
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Sonofsin5 replied Aug 9, 2011Could be but the problem is the volume is very very high. When volume is this high it will need to be tested as there could be hidden buying in the bar. Professional money will not want to drop price much until at least the mid range of that bar is ...
vsa with Malcolm
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Sonofsin5 replied Aug 9, 2011A lot of "retail money" has gone into gold in the last week. The high volume is strong holders selling it to weak holders above 1750 only to buy it back from them sub 1700 in a few days time. This is the game we play in.
vsa with Malcolm
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Sonofsin5 replied Aug 9, 2011I wonder how BOJ feels about being the laughing stock of the financial world. Whoever executes their "intervention" needs a kick in the #$@^$.
USD/JPY Discussion
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Sonofsin5 replied Aug 8, 2011Yes I am now watching this exact setup. The market will need a breather soon.
vsa with Malcolm