preflight check Not much can be said. Daily picture is still valid. The trend on the 5 and 15 is up. We have an upchannel and price is above VWAP. High minus low is only 34 pips. Volume low and will very likely be lower than Friday's (projected is ...

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

Not very easy, especially the chop around 1.23. I made a couple of mistakes there. Note the lower volume right before breakout. This would have been a hold when long at the circled area. Seems it is making the point 3 up I talked about in the ...

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

sym pennants breaking should not be ignored... closed long. 9 pips profit, better than nothing. Taking a break, collected some pips (35 so far), nothing big.

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

Key moment of the day so far including annotations. The long was "textbook"...little more range than previous bar...(circled area) but much higher volume and peaking. Followed by 60% volume bar ending at the high... It passed 1.23 so many people ...

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

preflight check Yesterday was a nice move. One of those days to not close the shorts too quickly. I had an excellent day and am grateful for the opportunities the market offered. These are my thoughts regarding the daily. Of course this does need to ...

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

In circles areas: The power of symmetrical pennants... After breaking the first pennant (where I entered short) we do have some pause bars..but they are after BO (of blue channel..and of the news-up-bar).... the action after breakout is to hold. All ...

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

We had the news and price broke out and made a point 3 up. Of course profits were taken before it. News is funny...because it keeps a lot of traders on the sidelines. One can trade the news on itself (very hard...and brokers play tricks) but once ...

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

being careful about this.... news coming up as well in 10min.

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

This short could be taken blindly.. There are different ways of looking at it..some people call this a "Gartley 222" (look it up). I just stick to channels. Note that the shallow downchannel was well in place before price touching it and I marked it ...

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

point 3 down completed... carefully monitoring now for continuation down.. as we just got a low range bar with relatively high volume. That is the first sign of change but price HAS TO follow thru (in this case up) with decreasing volume.. in order ...

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

Failed breakout of a sym pennant... The fbo bar is peaking volume... at the opening this is really a signal and in general sym pennants are very powerful, I don't pay much attention to flat top and flat bottom pennants except when the inside bar is ...

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

Thank you. A successful continuation? Price make a point 1, break out (breakout = one complete bar outside channel). After that I expect a retracement (or sideways movement!) which makes a point 2 and point 3 is the start of continuation. Note that ...

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

Preflight check Moved only 21 pips so far. Extension is expected. Yesterday was a low range day, the lowest in 7 days. I expect a large move the day after so it could come today. We are inside yesterday's range. Midpoint is 1.24150 which is also the ...

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

Key point in the day. Nailed it. Screenshot is exact moment of entry. Took partial profits. Volume is not crazy yet... I think the market can generate more. We are moving away from VWAP. Price grinding up. I like it like this... (no climax yet). Can ...

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

preflight check Only moved 31 pips so far. Extension is soon expected. We passed the highs of yesterday and price got rejected there. There is some resistance at current levels (daily). I took a small short position aiming for low of day. Currently ...

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

Turned out that the previous image was the start of a major turn... The trend is up now, I'm probably not the only one who noticed. It could be bumpy, shaky, choppy but the trend is up. Example of tricks exactly around the hour intended to shake out ...

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

Free money... for edge traders. If the projected volume intrabar after a peak is VERY VERY low.... (40% of previous bar) then a trade in opposite direction has very good chances.. This dry-up "edge" usually lasts one minute or less... Take the trade ...

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

Regarding the tricks I mean watch the 5min bars around the time (5min before - 5 min after) the hourly finishes. It's very interesting for Marketmakers to play tricks around the hour: - let the hourly finish a little different thus similating a ...

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

preflight check moved only 34 pips so far which makes chances for greater move later on bigger. Trading around the top of yesterday's range. Somewhat choppy right now but current mode is short.. Could be a (shallow) downchannel all day long because ...

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

Exactly.. I am already rewarded... just not nearly what it should be but it does reinforce "bad" or undesired behavior. The first thing in solving this is to be aware, and I am.. Ivo

psychological biases affecting trading