4050 - 61.8% fib retrace of late 2008 to end of 2009 up swing, also very strong resistance area dating back to 1992?

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Quite an interesting observation someone made earlier...

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Also some fib ret confluence from the last impulse wave up and major swing up. Maybe hold off and see what Tokyo wants to do....

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Yeah I see it, 50 about to cross below 100 also... Trouble is you'd be selling right into that trend line...

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Most people think the same, Malc will show you the way....

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Fundys are in flux again, I said all along the EZ debt crisis hasn't disappeared into thin air...

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I dunno Pipper, I can see a lot of braiding on those MAs...

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Good luck with it, if you persevere, you will see the market, any financial market in a whole new light. BTW I wouldn't categorize myself as using any time frame, I actually use all of them. All the best...

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My advice is to check out Malcolm's thread, he's the real VSA expert... url

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No worries bro, good trades to ya...

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url PS. this was during Asia...

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Large institutional traders have followers, who trade at the same time, this negates the fact you can't see actual trade size, basically when activity levels go up, the big boys, are participating... and VSA is a study of, "when the professionals ...

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Certainly it doesn't show actual trade volume, but it does show number of trades and therefore level of activity, so in my opinion quite valuable info... But hey you're entitled to your opinion and guess what, if you don't like it then don't use it. ...

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patience is key and don't chase the market, if you're wrong take your small loss. I know it's basics, but doesn't harm to be reminded once in a while...

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That bar was the Existing Homes number... Second highest vol came in on an equally bearish bar at London open....

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That's our advantage, large traders have to be in the market, we don't, we can wait for the best set ups...

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video

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Possible new bear channel formed, good spot...

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I think we could still be on for your three thrusts scenario, doesn't want to go down atm...

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p**s poor price action, gonna knock it on the head and see if we get any action in Tokyo... Adios...

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