preflight check We moved only 21 pips so far which increases chances for a big move later on. I believe chances are very good for a larger move than yesterday. Right now we are trading within yesterday's range. The daily is in a uptrend. The 5min in ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

Some issues about execution and how to use it to your advantage. I usually place a pending stop order, 1 pip away from breakout. By the way I noticed brokers play funny tricks... such as: - triggering orders completely outside the bid/ask right ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

pt3 up was formed. This bar did not scare me (at all)... Even added some to the position. it's all part of the sequence. After 3 bars up and BO we always get an attempt to a point 3 up... It is time now to move the stop to BE. We are still in a ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

updated chart. Long has room until trendline. The sequence is 1-2-3... we had pt1 and possibly pt2... after what we wait for a pt3 up. Ivo

Ivob's channels, volume, and VWAP thread (EUR/USD)

preflight check moved 51 pips so far. Trend is down, support around 1.2340

Ivob's channels, volume, and VWAP thread (EUR/USD)

bull trap / bear trap

Forex terms that should no longer be used - Add yours here!

"manipulation"... The market always is manipulating, that's its job!!!

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Nice bounces!! Trendline+VWAP.

Ivob's channels, volume, and VWAP thread (EUR/USD)

Anticipated Pt3 up on the daily seems to be working out. The 5min was shaky and choppy..

Ivob's channels, volume, and VWAP thread (EUR/USD)

Thought process. 1. Circled area: volume climax.. highest of day. Volatility Extension in down channel. Action: I'm on alert 2. taken out by decreasing volume..closing at high. Action: decision to buy 3. next bar trying to reach trendline, forming ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

We are currently still inside yesterday's range at low of day. Moved only 30 pips so far. Volume is low at this moment. Trend is down but we haven't tried to break the upside yet. I expect more directional movement than yesterday. It's Tuesday and ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

It was "out"... and calling it a day with +11 pips. Not very good and not very bad. Ivo

Ivob's channels, volume, and VWAP thread (EUR/USD)

quickly up or out..

Ivob's channels, volume, and VWAP thread (EUR/USD)

There was no short, so there was no problem ;-) Price was outside channel for one full bar so we have BO. There was a volume peak at trendline but bar ended at the high. This changes the game. After BO (and 7 bars straight up) we expect a point 3 ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

Stopped out at BE.. point 3 up came...now looking for the next opportunity short. Trendline a. Ivo

Ivob's channels, volume, and VWAP thread (EUR/USD)

The sequence is 1-2-3 We were waiting for a point 3 up. The sequence is disturbed/broken by the fbo (failed breakout) forming a new point 3 down..(not drawn, it still says 2 in the image). So it bounced of trendline "b" in combination with ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

scalping

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Possible shorts trendline a or b. Of course always wait for rejection there. Better if it coincides with the horizontal red line (volume peak). Looking for longs only and after price breaks a. Ivo

Ivob's channels, volume, and VWAP thread (EUR/USD)

Characteristics of a slow (low volume) market. - regression to the mean... - high volume = change very near - trendlines/channels becoming wider. (price goes thru on low volume..and snaps back eventually making a wider channel) - fake moves/hard to ...

Ivob's channels, volume, and VWAP thread (EUR/USD)

The short was a breakout of sym pennant. First trade of the day. So why aim for trendline "a" instead of "b" with my short? Even though VWAP is there... Because it's datapoints are more recent.... unless I see really high volume at trendline b and ...

Ivob's channels, volume, and VWAP thread (EUR/USD)