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  #204  
Old Jan 19, 2011 3:36pm
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Quote:
Originally Posted by triger88990 View Post

Hope I made myself understable, don't know how could I say it differently.
I would find a chart example helpful if you don't mind.

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  #216  
Old Jan 19, 2011 10:19pm
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Originally Posted by UnnamedPlayr View Post
I would like to submit an alternative view as to why price returned below the breakout, someone with deep pockets has been passively and actively buying for many days, if they can afford this then they probably have no need for placing stops, therefore there are more stop orders connected to short orders in the market. Ever noticed more stops consistently triggered in one direction more than the other ?

So when price breaks resistance the stops start to cascade/domino. Now the Deep Pockets can either do nothing, in which case price will shoot up leaving long candles with high volume but you might be able to notice they are actually not very high volume per each pip of movement.

Or they can control the cascade/domino effect, by either dumping some longs, which is counter productive to their long accumulation, or they could enter new short positions. Both these examples might be seen by similar volume candles to a "do nothing" scenario but they are much shorter in height, so with a high volume to pip ratio, and to profit from these shorts they need to drive price back down below the initial breakout.

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  #271  
Old Jan 20, 2011 3:59pm
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Default hindsight trading

Darkstar said "produce ideas about exploitable situations" ... "set about looking for situations where the phenomena you noticed within the model occur"

well I'm not that smart, so I do it the other way around, I see what I see and try and explain it, so here it is.

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Last edited Jan 21, 2011 1:49pm
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  #276  
Old Jan 21, 2011 2:03am
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Originally Posted by Magic Trader View Post
Just my opinion that VSA is worthless -- or in the very least, not needed. You're searching in the wrong direction.
I would consider Sebastian to be a very successful trader, but yes most will not find it profitable. Also it does open your eyes to stock manipulation and why should currencies be any different.
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  #420  
Old Jan 23, 2011 11:26pm
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Originally Posted by Adal View Post
Another myth. You have read Reminiscences, but you missed the fine print. At the end of the day the bucket WAS hedged.
Can you point out in Reminiscences where you gather that ?

I read it a couple of time and only remember reading how the bucket owners complained at Livermore that he had taken their money, and why would they ban him if they were hedged ? So I think you got that wrong.
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  #455  
Old Jan 25, 2011 8:08pm
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Thanks for posting Vidas, I also noticed price kept hounding round number Resistance at 1.5500 in the congestion zone giving a clue that someone was buying and the fact price was not allowed to reach yesterdays low like you pointed out gave another good clues someone was buying and they didn't want to give others a chance to buy out of there shorts at the low. I'm sure many people have no use for pivots/fibs/Hi/Low/Closes etc but what I find interesting is how price reacts before/at these levels.

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  #462  
Old Jan 26, 2011 11:05pm
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Thanks for posting that chart HipsterPipster, some prefer a 1000 words I prefer a picture, and I have been wanting tick volume from Oanda as well, and now I have it :-)
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