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- comapip replied Feb 1, 2013
Just following trend and keeping it simple goes a long way. No need to think about what the smart money is going to do or not do.
- comapip replied Sep 21, 2012
Yes, well, big money does what it does and sometimes it looks crazy, other times it does not. I believe that today's price action was not crazy at all. We had a run down to a demand level but there was too much supply for price to move past it ...
- comapip replied May 16, 2012
Instead of H&S, I suggest looking at it this way. Supply and demand or S/R.
- comapip replied Mar 28, 2011
EU still playing nice with this channel. There's not really anything else. I'm bearish below 1.407 though because of the supply bar. Above that 1.415 target maybe.
- comapip replied Mar 23, 2011
Something is a bit off with this move up. I think there's a lot of room to the downside. At least into the area around 1.4 to maybe 1.385 with a shakeout. The initial down move from the top had increased volume compared to an almost identical demand ...
- comapip replied Mar 22, 2011
We're closing in on a supply area. The last big monthly down bar top which is around 1.482. That bar took 4 months to retrace so I suspect someone will be watching that level. Not taking a position this close to it.
- comapip replied Mar 18, 2011
Posting a 5 min. chart of EU. So far every stopping attempt failed. Well the last one is holding but doesn't look like much.
- comapip replied Mar 16, 2011
The Federal Reserve has canceled its scheduled POMO for today. LOL Not sure if that has any effect on currencies, but still interesting. I still want 1.375 EU this week although EU is bashing lower channel trendline for the third time and so far ...
- comapip replied Mar 16, 2011
Still IBFX. Maybe their Australian division has different feeds or something.
- comapip replied Mar 9, 2011
EU 1h. It's still in a range, so longs are not out of the question yet. This could be just a trap move to get breakout traders to go short. Looking closely at the 1h close now.
- comapip replied Feb 22, 2011
I was actually quite confused today as I see a few possible outcomes for EU. Either the break above was genuine or possibly a test of a possible upper trendline. Closed out a long today a bit early because of this. 1.368 is possibly the strongest ...
- comapip replied Feb 18, 2011
I meant the daily descending channel. Would be a surprise because it's Friday
- comapip replied Feb 18, 2011
Just to explain a little better what I was talking about longer term. Also 1H could close inside the rising channel. Reasonable expectation after that is that price will continue up.
- comapip replied Feb 18, 2011
Finally finished catching up with this thread. So much trolling going on and so much confusion for anyone interested in VSA. VSA is a way of thinking about the markets. It is logic based and subjective. You have to judge the market yourself and let ...
- comapip replied Feb 16, 2011
Let's say a down bar with average spread has huge volume compared to previous and the next bar closes up. That means there were buyers present. To have huge volume and not move very much is an indication that a counter move could happen. GU today ...
- comapip replied Feb 16, 2011
GU. Could work out. As of this moment price hasn't broken down out of the channel. Similar to EU really.
- comapip replied Feb 16, 2011
Oh darn, it's FOMC day. Well there goes my trading day! But still I'm expecting 1.36-1.366 today. Modified my previous channel a bit to see things more clearly. All this drifting down action with not really any significant volume tells me it's some ...
- comapip replied Feb 14, 2011
Still looking for a reaction at 1.34. It's a channel bottom and horizontal support. If it breaks down, well, I'll have to rethink some stuff
- comapip replied Feb 14, 2011
EU. Just a chart showing how this is the first time price is coming down to the breakout area. Will wait for a reaction. So far looks like testing of the breakout but going long right now (or short) is too risky in my opinion. All sorts of shakeouts ...
- comapip replied Feb 9, 2011
Still waiting for EU to break above the NFP bar. So far we had 1 attempt yesterday but that ended up an UT on 4h. What happened after that was almost nothing. Price came down slightly and is continuing to chop around. I expect it to have a go at the ...