Its very true. More supply at the same spot as previously. The only thing that stops me shorting is the price action in the background - the previous weakness from NFP (the cause) had hardly any affect considering. So we're either up at this level ...

vsa with Malcolm

Ah, so you're trading fundamentals. Fair enough - like you I've been trading long enough to recognise there is more than one way to trade SOW means "sign of weakness" i.e. supply coming in, or lack of demand etc.

EURUSD

I'm always interested in alternative arguments. Why are you convinced EUR is weak? I only see strength in the Euro at the moment, at least unless Draghi changes the game in a few hours.

EURUSD

btw you still haven't replied to my slack message ;-)

vsa with Malcolm

I remember that night very, very well. Malc and I had just finished our third pint and decided to trade. Turned out we were on opposite sides to Jason - I'm pretty sure its documented earlier on in this very thread To everyone reading - if you ...

vsa with Malcolm

I'm guessing you're not the biggest fan of volume zone analysis then Fair play, there's lots of ways to trade the markets, stick to what's making you money then However when you say you always find volumes at major support and resistance ...

EURUSD

I see you're in a short - looks like we're on opposite sides At least the good news is one of us must be right

vsa with Malcolm

Got to love volume zones More details on why I drew those lines in my blog post here.

EURUSD

Just adding to that, look left on the chart. Although it might be supply, it could be effort to rise. Look left on the chart to see if the increased volume makes sense at this price level.

vsa with Malcolm

What's the upthrust into pooh123? Need to see the left of your chart in order to comment.

vsa with Malcolm

You're welcome, and good luck. Feel free to ask questions on any of my blog posts at the bottom of the page.

EURUSD

Best place is to read through Malc's thread here, and read Tom William's book, Master The Markets.

EURUSD

Davy, look into some technical analysis system. I use VSA (volume spread analysis) myself, and have been blogging about Euro strength for the last few days. The best advice is don't rely on other people's advice. Learn a skill yourself, whether its ...

EURUSD

Nice one

vsa with Malcolm

Has that worked for you in the past? Personally I'd be careful relying on a trend line drawn like that - I've never experienced it being drawn that way.

vsa with Malcolm

Hi Hawkins, out of interest why do you have your upper line cut right through some of the highs? Normally I see trendlines from 2 previous highs extended forward.

vsa with Malcolm

Was watching it whilst having a beer and a burger Good to see you again Sonofsin5 Need more debate going - who here disagrees with my analysis, and why?

vsa with Malcolm

Nope, Liam is the expert on P&F. Target was purely based on volume levels, and wasn't precise, just rounded it

vsa with Malcolm

1.1300 hit, didn't expect it to happen today though!

vsa with Malcolm

Thats the one

vsa with Malcolm