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s7c

s7c
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  • Some Trade Ideas [View instapost]
    this month we had some poor continuation of initiative buying from April. but the prices weren't rejected and we found acceptance at this higher prices. now first thing comes into my mind is market spend too much time in this area and this kind of result is not favorable for market auction facilitation. the bottom line is we established high volume area and either way the market move you can have a good trade if you watch the market reactions at extremes. from VSA/Wyckoff view we had some extremely high volume days with poor results, that implies hidden sellers and could be the triggers for a distribution area. to early to have a serious opinion but with wright confirmation i'm inclined on the bearish side...
    May 20, 2013. 10:44 AM | Likes Like |Link to Comment
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