IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

That's why you need to look at volume...

but then, it won't be PA anymore.

;-)

 

no volume in FX spot and yet i can still draw consistent lines.

non even needed

VOLUME IS BS

tell me that volume actually shows anything because i have MOUNTAINS of statistical surveys that i ran that all point to it being BULL SHIT

i Also have Mountain of statistical surveys that scream the importance of pysch zones so dont confuse Jack hershey Faux TA with real pa

who i finally looked up about 2hr's and man is his stuff garbage

i actually skipped comedy hour on tv and reread it... because it was funnier

 

Please define "psych zone" for me.

wat

 

Please help me understand how to use volume in my trading. I've never seen any useful patterns of correlations.

 

read that link

psych zone is a zone where people get FREAKed out because they feel its a big deal to push through..

psych zones ... 00 25 50 and 75

add a pivot line on the psych zone ...

a fib line on a psych zone

and voila you have a instant HIGH prob reversal zone
you made money

 

The charts I posted are ES and YM, not forex.

Does psychological affinity for certain price levels (other than big obvious ones like "1000") apply outside of Forex?

 

Every tick of the ES is a 00, 25, 50, or 75

 

of course what happened when the dow hit 11k then 10k then 9k then 8k...? look at it

 

you are looking at different fractals at work.

try changing the resolution one up and one down, you will see how the small waves merge to build bigger waves.