wasp

Long YM 517 Stop @ 502

Long oil @ 129.950 Long gold @ 907.1

Short EJ @ 163.72

Where's that GammaJammer bloke... think he needs to get his mates at Deutsche bank to start selling this market down!

Yes, but I live in eternal hope! Yes I am, thought I'd be able to do better with candle analysis but decided to stick with my simple methods as you note there. I'm not clever enough to do the whole candle by candle analysis! I know when I'm pushing it!

Did a bit of number crunching too last night and April/May/June are the poorest months for EJ in terms of volatility

I know but these up moves are so ****ing pitiful that I am just hoping the short will come to get it out of this stupid up-trend and go back to some big swings or into a down trend. I can't even swap markets as the EURUSD and GBPUSD, as well as GBPJPY is the same..... Why can't people move it as easily on the rise as well as the fall!

scratch that for -8... I really should stop trying to short EJ!

short EJ @ 163.57 (rejection @ minor resistance )

Its like a staircase on the EJ this week

We had a Spring Bank Holiday! (it rained al day!) :rofl: http://www.woodlands-junior.kent.sch.uk/customs/questions/bankholidays.html (first link I found for UK holidays! - actually quite a good little site for UK info on 2nd look!)

Closed @ 163.59 for +11 after strong support rejection

Went short @ 163.70... bit late I know but was busy labelling and posting!

Getting a bit fed up with lagging trendlines and going to try this week as attached. There may be some bizarre calls and losses but all the clues are there. S/R lines from 240m stays and usual 25p stops....

If the technicals gave me a reason to be in, I would be in expecting that news release to work into my analysis.

A shoot up overnight in the Japanese session (why didn't that happen the previous night? Did they have a holiday too?) and a retest of the highs again atm. Didn't follow EURUSD or GBPUSD down this morning either.... Just awaiting a possible short unless we break 163.80............

Its easily seen from a technical point of view IMO. The reasoning behind the reversal (major ones) may well be fundamental but TA will show it easily enough. Researching when these happen and why from a multitude of TF's will show how you can increase the probabilities. The key IMO is to merge your views. Take a top down approach of S/R from 240m and 60m then zoom in to a 60m or 30m chart to pinpoint the trendlines to form the reversal point.

All you need IS a chart.... If you have read the chart correctly, only a black swan (Where's my copy of the weekend FT ) will cause a problem. I use to avoid FOMC in the old days and was especially careful around NFP. I didn't even realise it was NFP day this month, the market moved as expected (per the chart analysis) and on I went.... Supply and demand is what it is and during news releases or whilst Europe sleeps, it still means the same. Just my views...

yeah, yeah, I get your point... Don't worry, I'll lurk around you and shoot down your next great idea! :rofl:

For a start, my name is wasp, not Afaik Yes, I agree, but do you not agree my prior post would make sense? I realise its fundamentally wrong in the essence of vlume BUT the chart attachment shows that despite the volume only being tick volume, it is a good 'indicator' of movements starting and ending.

Well yes and no..... In that theory, when the move dies down, so does the volume so its handy as another indication that the move is losing steam.

another butchers using a line to dissect lower and higher volumes.... atm, it does look useful to see the strength of a move but anything can look good in hindsight...

I think your right and its probably little help. I think someone said on T2W before that the volume is from the metatrader brokers accounts alone.

nope, with a public holiday here and in the US, the Japs and Europeans haven't enough clout to really move the markets so whilst the EJ has moved up, its not far! That said, 163 may now act as support so need to be careful there.

Volume in forex is very different to that in exchange traded instruments. Mainly becuase its bollocks. FX is OTC and there is no exchange thus no real overall volume. Anyhow, bored as I was and eager to as ever to see strength and weakness in moves, I have been taking a look anyway. I have metatrader with an Alpari real account and if anyone has a demo account version, can you compare whether it is different, cheers. I have little clue (generally :shocked: beat you to it FW!) to how volume is used in index trading but........ looking at the chart attached as you can see the volume on the bigger moves stand out and increase/decrease per the move size, easing off afterwards......... Anyone else researched this?