THLD ShortAs per my previous post I will be aiming for a cover at approximately 0.40.
Fading volume follwed by Price Action is leading me to believe this can drop.
Happy trading
Volume Indicator
AUDUSD OPTION LEVELS VOLUME AND OPEN INTEREST (NUMBERS)Volume Put/Open interest Put/Support level
0 2 0.59000
0 20 0.61000
0 2 0.62500
0 25 0.63000
0 1003 0.63500
0 129 0.64000
0 2 0.64500
0 87 0.65000
0 24 0.65500
0 22 0.65995
0 46 0.66495
0 58 0.66995
0 42 0.67490
0 178 0.67990
93 197 0.68485
0 131 0.68985
0 134 0.69485
1 582 0.69980
7 194 0.70475
1 1258 0.70970
17 475 0.71465
27 708 0.71955
1 731 0.72430
12 924 0.72900
22 737 0.73360
3 653 0.73800
56 1374 0.74210
53 646 0.74600
140 205 0.74950
60 121 0.75260
34 30 0.75520
2 22 0.75730
Volume Call/Open interest Call/Resistance
0 10 0.76230
0 3 0.76230
0 32 0.76240
0 143 0.76240
0 194 0.76260
0 105 0.76280
0 144 0.76310
0 181 0.76350
0 281 0.76410
0 1413 0.76500
1 405 0.76610
1 874 0.76760
19 733 0.76950
135 729 0.77190
269 776 0.77480
166 384 0.77820
59 371 0.78210
8 374 0.78630
19 561 0.79080
0 280 0.79550
0 106 0.80030
0 64 0.80520
0 38 0.81015
0 78 0.81510
0 2 0.82010
0 6 0.82505
0 3 0.83005
0 11 0.83500
0 25 0.84000
EnteroMedics Swing Chart 2Looking like a solid swing trade, reasons shown on the chart, along with another chart with supporting reasons linked to this one.
GBPUSD Weak as my grandmother. 1. Supply coming in: up bar wide spread with high-ultra high volume closing off the highs of the bar follow by a down bar that confirms this weakness (2).
3. No demand bar: up bar with average-wide spread closing off the highs with less volume than the previous 3 bars, this signal needs to be confirmed with a down bar.
4. Trap up move: down bar with super wide spread, clossing off the lows with high volume, may some demand enter in this bar, but you will know it if the next bar closes high.
5. Gotcha bar: down bar with ultra wide spread, closing at the lows or near the lows of the bar with ultra high volume, this bar confirms the weakness of the previous bar, and, confirm the weakness of the sequencial of 1 and 3 signals.
6. Stopping volume: up bar closin at the highs or near the highs with high-ultra high volume, this bar confirms that may there is some demand in the previous bar, but you need confirmation.
7. Supply coming in: down bar closing on the lows of the bar, with high volume. This bar says: if there is some demand in the previous bar, why i close at the lows? because the market is weak.
8-9. Test's: down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 5 bars. The second test is seeing after a gap so if it confirms, may we have some demand in the market. (The next bar is up but with low volume, so, the tests doesnt confirm).
10. Up-thrust. Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this confirms the weakness of the failed test (9).
11. Up-thrust (my favorite in this chart). Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this bar confirms that the market even in over-sold state, will not go up because there is weakness. This signal is seen in a zone of previous weakness (signals 5, 8-9, 10) so you can assume that the market will not go up until demand in form of test's or no supply-shake out take place.
12. Bottoms reversal. Down bar, ultra high-volume, wide spread closing at or near the lows followed by a up bar wide spread closing at or near the highs confirms demand in the previous bar (the down bar). This signal need confirmation (up bar with average-high volume) but how can see, the next bar is a narrow spread bar with volume less than the previous 5-6 bars.
13. Test. down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 2 bars.
14. Potentional climatic action or gotcha bar. Down bar with wide spread closing at the lows with ultra high volume. This bar take place and closes lower than all of the bar seen before it. So you can assume that if the next bar is down, this bar shows that smart money is selling.
To take a short trade: wait until the next bar closes, if this closes down (for the time of now, the bar looks like a up-thrust, that is a signal to go short) and it breaks the support line of the previous bar, you can scalp or trade in this timeframe to the short side.
I prefer to scalp the market when i see a up thrust, no demand, supply coming in after the breakout of the support line.
This methodology is purely VSA. Sorry for my bad english, im'not a native speaker.
NZDUSD the breakout before the mark up?On the weekly time frame the price has broken the Kumo but the Chico Span still has to break. We could see some consolidation at the final resistance before the final mark up. Looking at the daily time frame the final consolidation before the mark up could occur before the final breakout of the 55 Day Oscillation frequency (OF). The Kenjen sen, Tenken sen and Senko Span B are all up. The market is currently following the 21 Day OF. Up moves are support by volume increases and pullbacks with volume declines sowing signs of strength. A Wyckoff Analysis also indicates a final breakout to occur.
BMW Double Bottom - Buy SignalBMW has formed a double bottom as shown on the weekly chart along with a decreasing volume which suggests a lack of selling pressure. We are now waiting for a confirmation signal from the RSI to break through its trendline before opening a position on this stock. We expect price to test the upper trendline of the triangle before breaking through should the UK decide to remain in the EU as UK is a huge importer of BMW cars. It was also reported a few days ago that BMW plan to accelerate plans to innovate driverless cars by partnering with technology companies and acquiring start up companies. On the long side, we expect this pair to head towards the €100 level. Alternatively, if the fundamentals send price down, we expect it to target the €50 level.
Coloured Bolume Bars - SteynTrade_V2Updated version of Colour Volume Bars V2
The colour bars:
Green: Price up - Volume > 2 x STD of last 21 bars
Blue: Price up - Volume > 1 x STD of last 21 bars
Maroon: Price down - Volume > 2 x STD of last 21 bars
Purple: Price down - Volume > 1 x STD of last 21 bars
Grey: not high volume bar
black line: 2 bar sma
Red line: 8 period sma
Blue line: 21 period sma
Bollinger band: 55 period sma with bands 2 deviation from the mean
I use this indicator together with the TDI and Ichimoku indicators with the same period settings. Together they give price action, sentiment and volume on three time frames.
APPLE 4% ALGO SPIKE? LOWER VOLS & VOLU; HIGHER NEGATIV VOLS CORRAlgo spike 4% to $101.8?
At 18:19 BST Apple stock surged from 99. to $101.8 and back again all within a minute.
It was Likely to be algo driven OR a data/exchange error - though no news outlets reported either or offered any other speculation.
Though $101.8 is the closest near by resistance strong hold for apple, so it would be a weird coincidence for a "data error" to trade to that price - equally as possible none the less.
IMO, because there was little volatility after the event and also because Apple is now struggling to break the $100 i think it was probably a data/exchange error. If it was an actual demand induced algo spike, the stock would have experienced signifcant price volatility after the event as much of the markets TP/SL levels would have caused a large wave of stochastic automated buying/selling as positions are closed out.
Further, if the spike was real, apple should have been able to trade above $100 easily today;
1. As $101.8 would be a clear bull target level.
2. as the spike would have removed all of the $100TP selling pressure last night - meaning there would be little volume left to continue long squeeze selling today (which annoyingly has been the case).
Volume
Apple Volume fell significantly on Monday by 40% to 23m vs 39m (1month av.) and 43m (6month av.).
In the first half of trading today, volume was also 7% down from yesterdays first half at 11.23m vs 12.0m - signalling today may continue the bullish trend.
This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL risk at these prices, as they seek higher prices before they offer higher supply, hence volume stays low and the stock trades with a bid bias - hence the gap up at the open today - illustrating the supply & demand disequilibrium caused by low supply side liquidity and maintained order demand.
Volatility & Apple vs VXAP Correlation
We continue to have a bullish view from a vols perspective as vols dropped yesterday despite an algo driven spike to $101.8 (4%). Apples CBOE VXAP continued to sell off, closing yesterday at 21.64 from 21.73 Friday.
Also the correlation between APPLE and its Implied volatility index continued to fall deeper into negative territory - surpassing levels seen in the last bull run to $112 which peaked at 90% (92% to 94%), This reinforces the bullish volatility signal - as historically, a higher negative relationship sets the best environment for Apple price growth.
BUY GOOGLE @$711 - LOWER VOLS, VOLU & LOWS; HIGHER CORRS & HIGHSGoogle C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs.
Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 710-15 before moving up again to 750+
715-750 is a 5% move hence i am interested in buying at this price with reward skewed something 1.5:1 with risk.
Coming into earnings, Goog has to make at least one bull run to highs at 770 and i believe this will be the set up for the run for several reasons:
1. since april earnings lows at 687 goog has moved in an upward trend of 688-722-700-736, the next cycle i approximate to be down to 710-3 (volume traded price) then up to 750+ (previous support turned resistance).
Also the Linear regression for the on graph prices is $723, so prices below this are below this cycles average - encouraging mean reversion upwards.
2. Goog volatility correlation is in its negative cycle - the last bull cycle to 768 began with a turn from positive to negative price-volatility correlation change.
- Plus goog's volatility is at yearly lows with VXGO at 17.. Low vols is something that imo is vital for any sustained bull run, as logically, more people want to own a stock that has a greater "normalised" return and risk profile.
3. Average Volume divergence - google volume is trading below its 6 month average, lower volume characterises goog's bull runs typically, as shown in the previous bull run. Since it signifies there are fewer structural sellers that are prepared to sell the stock, thus volume drops and the price is bid up until sell side liquidity is increased sufficiently to meet a new, higher, equilibrium price.
4. *please see last 3 price bars* - these bars have been highlighted as having a "topside range skew". What is inferred by this is that the candle has more activity at the higher prices e.g. the candle traded at its highs and open more than its close and low - thus this is a bullish signal as the open high and close data stayed in the upper percentiles of the candle.
- Even the first candle in question (the first bear candle), opened and closed at apprx the median price.. this is unusual. the first bear candle after a strong bullish run, usually shows heavy open-close downside skew e.g. the price opens and then closes close to the lows (rather than in the middle of prices traded) - indicating that time period closed with the price being driven/held at the lowest possibility.
If we were to see the opposite e.g. the candles closing on the lows, this would be bearish and indicate the price is wanting to push lower, since there was no difference between the low and close.
Fundamentally i am also long google, hence why i like buying any decent pull backs - especially when they have a strong set up.
LOWER VOL, VOLU AND LOWS. HIGHER CORRS AND HIGHS (GOOG BUY @711)Google C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs.
Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 715 before moving up again to 750+
715-750 is a 5% move hence i am interesting in buying at this price with reward skewed something 1.5:1 with risk.
Coming into earnings, Goog has to make at least one bull run to highs at 770 and i believe this will be the set up for the run for several reasons:
1. since april earnings lows at 687 goog has moved in an upward trend of 688-722-700-736, the next cycle i approximate to be down to 710-3 (volume traded price) then up to 750+ (previous support turned resistance).
Also the Linear regression for the on graph prices is $723, so prices below this are below this cycles average - encouraging mean reversion upwards.
2. Goog volatility correlation is in its negative cycle - the last bull cycle to 768 began with a turn from positive to negative price-volatility correlation change.
- Plus goog's volatility is at yearly lows. Low vols is something that imo is vital for any sustained bull run, as logically, more people want to own a stock that has a greater "normalised" return and risk profile.
3. Volume average divergence - google volume is trading below its 6 month average, lower volume characterises goog's bull runs typically. Since it signifies there are fewer structural sellers that are prepared to sell the stock, thus volume drops and the price is bid up until sell side liquidity is increased sufficiently to meet an equilibrium price.
4. *please see last 3 price bars* - these bars have been highlighted as having a "topside range skew". What is inferred by this is that the candle has more activity at the higher prices e.g. the candle traded at its highs and open more than its close and low - thus this is a bullish signal as the open high and close data stayed in the upper percentiles of the candle.
- Even the first candle in question (the first bear candle), opened and closed at apprx the median price.. this is unusual. the first bear candle after a strong bullish run, usually shows heavy open-close downside skew e.g. the price opens and then closes close to the lows (rather than in the middle of prices traded) - indicating that time period closed with the price being driven/held at the lowest possibility.
If we were to see the opposite e.g. the candles closing on the lows, this would be bearish and indicate the price is wanting to push lower, since there was no difference between the low and close.
Fundamentally i am also long google anyway, hence why i liike buying 5-10% pull backs.
CYCLICAL SPX vs JPY correlation - what it means (SHORT SPX)as you can see below 8/12 months of the time the JPY is heavily negatively correlated with the spx, normally between 80-90%, there also is a pattern, that the JPY/SPX stayd negatively correlated for 8 months before turning positively correlated for about 4 months, this cycle continues unbroken below..
as we can see by the red correlation being above 0, The markets are in the 4 month "positive" correlation phase, this to me is a bearish signal for SPX bulls as
1. we are at the end of the average 4 months of positive corrs, before the market turns back to negative, thus this may be a signal that the market is going to turn bearish (in order for the correlation to go back to negative).
2. the positive correlation has tailed off in recent days, signalling it is an end to the positive trend and that the negative trend may start soon
the reason i have chosen weaker markets to correct the pair back to its negative correlation, rather than weaker JPY is because:
1. the spx is near highs so a downside turn around is more probable.
2. volume and volatility are at yearly lows - low volume means low interest in pushing the price up and the market is effectively in limbo, low volatility means volatility is likely to pick up and in turn push investors away.
3. marco econ risks/ uncertainties such as the feds tightening cycle and brexit will surely continue to be priced into long JPY and short risk assets (spx) - suggesting that JPY weakness will not be the one to give in, it will be the stocks.
4. the USDJPY isnt at all time low levels, there is more room for JPY buying before any liquidity tightens - especially if the BOJ continue to ease.
BOJ/JPY background;
the BOJ seemingly has no control over their economic target inflation, CPI is consistently negative even after years of easing and high employment vs the $ fed who are doing the opposite and hiking rates with relative success, IMO because of these factors the USDJPY should be at 130.
However its not. it is at 109, and JPY serving as a risk off asset is the ONLY explanation for its strength. there is no other macro economic reason for JPY's strength, apart from safety seeking.
(JPY continues to be a net creditor economy - this is where the perceived safety comes from)
If anyone else has a different reason for why the JPY is so strong, id love to hear it
$MCEP Short, hovering under past resistance w/ overbought RSI$MCEP has been parabolic and is near the past resistance @ the 3.50 level. The RSI is around 81 and is extremely overbought, I will be watching MCEP right out of the gate for a confirmation of the short. Keep an eye on this one tomorrow!
CSCO-160412-STO/DMK-G1D-SHORTSome days ago i see NASDAQ:CSCO walking with dante, but if we put attention the price is rejected by the 22.75 zone one and other time and is describing a big flat bottom triangle pattern, and very nice to navigate inside of this.
The volume is reacting now and indicate the same risk than the Stochastic - and the price - in this days can re-test the 28.5/29 zone (or not), but if the triangle is right then go to 22.5/24 zone, and then evaluate if broke the triangle down or go up to the 27 zone.
RTN-160412-STO/VSA-G1D-SHORTi see the next at NYSE:RTN :
The stochastic of volume weighted show a clearly downtrend
present a divergence between action price and volume price weighted
the volume is starting a downtrend and the price have problems to cross the 127 zone
I think is starting to be short.
Ideas, comments or corrections
They are always welcome
RTN-160412-CCI/VSA-G1W-SHORTi see the next at NYSE:RTN :
The CCI-VSA indicator present a downtrend
present a divergence between action price and volume price weighted
the volume is starting a downtrend and the price have problems to cross the 127 zone
I think is starting to be short.
Ideas, comments or corrections
They are always welcome