shopster said:you calling a direction.......?
i luv lines in the sand so i can cross over.
s
only a fundy view
no bearing on cold hard trading....
shopster said:you calling a direction.......?
i luv lines in the sand so i can cross over.
s
Source: http://www.thinkforex.com/market-analysis/traders-corner/2014/07/28/back-to-the-futures-volume-and-cots-analysis/#.U9XnmGOLXaoThe Rikshaw Man Doji is of particular interest because the Futures Charts (left) shows this was on increasing volume to suggest a 'change in hands' from buyers to sellers. Additionally the CFTC data (right) shows that the ratio between Net Longs and Shorts has reduced whilst Open Interest has also increased, to also suggest sellers are coming into the market.
Whilst volatility remains low it would be wise to not become too 'sensationalist', but it does raise more confidence that we are witnessing a topping pattern forming on the weekly timeframe. Whilst volatility remains low on D1 then it is still wise to not become too attached to positions and not outstay your welcome whilst the [suspected] topping pattern continues to form.
Jack said:(Not being critical, just interested in what made that trade compelling before the move.)
Alpha-Bet said:two spinning tops @ 23.6. sign of indecision. was a warning.
Alpha-Bet said:... time for a backfill though.
Jack said:I mean, I've seen cleaner setups.. unless I'm missing something obvious. Did you catch this before or after the price adjustment?
(Not being critical, just interested in what made that trade compelling before the move.)
dentist007 said:audusd
4 hour data
a pump or a dump
Jack said:Actually, to be specific, what made the trade compelling in that last little move up before the big spike; There had been a few divergences before that point but none that followed through with a move.. so unless you'd take each one I don't see what made that last little spurt stand out.
Jack said:cool.. Yeah, I noticed a few things from before But this will help others reading along.
:thumbsup:
It was a solid trade regardless. I do love how the news jolt just ended up being a catalyst for what was already forming beforehand.