[mko]

Originally Posted by No Stress

Just a question: Do you see a head and shoulders here? For me, it's double top and not head and shoulders. I see no head there.

Maybe this post by rgiit05 would help.
http://www.forexfactory.com/showpost...stcount=206494

[A-speculator]

Personally, I don't think this will drop.. Currently I am bullish..

We are still in the downward channel/a potential bull flag..

[grashid]

http://www.forexfactory.com/showpost...stcount=205898

Am sill holding this view unless 153.30/50 break where Monthly may flip above gann for north continuition which 155.70 is my first taget.

Otherwise look like 149.50/80 is he best short for testing back to 148 area.

Curently :-

Monthly& Weekly : Belon Gann
Daily : Above Gann
H1&H4 : Below Gann

But QQE is the funny part for ech TF as per above mentioned atm. All are same n look like going to cross below 50line (maybe mine is wrong/something weird not sure) but any other view is welcome.

So 2 gate will be play with next week before end week close to give us some clue where is the exactly north or south direction. Ranging week will be play with beween this 2 gate (147.50-151.50/60) this week and by then perhaps some decision may occur.

I saw next week may test to break 147.50 where Daily may flip below gann and continue south riding for my step my step target of 146.50-144.50-143.50-141.50.

As summary am still no direction and perhaps this end week-3rd week of Nov will be the best time for swing setting.

Am still in plan to continue to trade in small range pofit taking+ scalp + intra this week until I saw a good swing set-up.

Good luck n have a good weekend

[pino2]

If GJ didn't drop so the reason will be the cable, as long as cable is above 1.64xx so no drops for GJ, the levels to watch for cable is 1.64 then 1.6240 which if broken will open the gate for a big drop to both GJ and cable, also we need to watch the level 145.70 for GJ.
As long as both are above the said levels we will be ranging untill we see a clear breakout.
For uptrend, breaking 151.7 and 153 will open the door to 157.

[malcolmb14]

Originally Posted by A-speculator

Personally, I don't think this will drop.. Currently I am bullish..

We are still in the downward channel/a potential bull flag..

i agree

check out this 4 hr . The volume Friday was the highest we have seen since May of this year.


now look at 15 min ...2nd chart. This all happened on weakness of news ...at arounf 148.80 with a shake out to 148.50

the high of that 4 hr with all the volume is 150.56 , low 148.50. If 148.50 holds that was all buying volume as expected. If get a mark down under 148.50 during asia so much the better. That shows that higher prices are to come next week.... lets start with 150 .50 test , then 151.80 then 153 , could even be higher

this form seekingalpha .com

'We'll take it day by day, but as we noted Thursday this very abnormal market is making a lot of veterans scratch their heads. Louise Yamada, a very highly rated technical analyst, a was on Fast Money Thursday night and said as much.'

if pros are scrathing their heads how much chance do we have ...lol

[egkid]

Copy----
“In the meanwhile, the bubble is going to become bigger globally, and the bigger the bubble, the bigger is going to be the crash,” said Roubini. “You could have this huge asset bubble going into an asset bust.”

Roubini, who warned about the coming financial crisis in 2006,Roubini
I agree about this let the us$ be more weakenIf they think that will be Recovery

[stewrigh]

Originally Posted by malcolmb14

i agree

check out this 4 hr . The volume Friday was the highest we have seen since May of this year.


now look at 15 min ...2nd chart. This all happened on weakness of news ...at arounf 148.80 with a shake out to 148.50

the high of that 4 hr with all the volume is 150.56 , low 148.50. If 148.50 holds that was all buying volume as expected. If get a mark down under 148.50 during asia so much the better. That shows that higher prices are to come next week.... lets start with 150 .50 test , then 151.80...

Malcolm,

So we had highest volume since May and price hardly moved.

Can you explain what that means except that there was an equal no of buyers and sellers, but lots of them.

Must admit don't understand VSA but it seems to me that its just another lagging indicator.

[yinbyungheon]

Originally Posted by mko

Maybe this post by rgiit05 would help.
http://www.forexfactory.com/showpost...stcount=206494

thanks!

[metlife777]

Originally Posted by stewrigh

Malcolm,

So we had highest volume since May and price hardly moved.

Can you explain what that means except that there was an equal no of buyers and sellers, but lots of them.

Must admit don't understand VSA but it seems to me that its just another lagging indicator.

it marks a huge jump in next upcoming days, the direction will be clear soon

[stewrigh]

Originally Posted by metlife777

it marks a huge jump in next upcoming days, the direction will be clear soon

So lets get this straight - its gonna go up or down .........

Think I already knew that lol....

[malcolmb14]

Originally Posted by stewrigh

Malcolm,

So we had highest volume since May and price hardly moved.

Can you explain what that means except that there was an equal no of buyers and sellers, but lots of them.

Must admit don't understand VSA but it seems to me that its just another lagging indicator.

volume is not a lagging indicator it is a leading indicator.... this chart will show you that. It will mean nothing to you as you do not understand vsa ... but to me it means alot .. also saw same thing on ES and that is the one I played before news. 4 time prior to news I knew out come of news this week . Pros already know the news before we do ... do not fool yourself that they are glued to ff calender waiting for it to come out. The volume and candles (vsa) often shows us that position prior to news

clear selling all way thru london ... ukdaytrader also saw this distribution

if in fact that was buyers on 148.80 friday on the dip then we could well see 153.50 or higher into next week , it looked like buying. BUT it may take a day for that to play out , so Monday thru london and us we should see higher prices.

did you see my call of watch out selling at 149 and low volume test on 5 and 149.50 to be tested ... and what happened ? that was prior to the move up

lagging .... no not if you know what you are looking at

[malcolmb14]

here is a CLEAR positioning of pros before news

[Naijafx]

here is a CLEAR positioning of pros before news

VSA is good but no indicator will ever lead ahead of price hence everybody will be profiting 100% of the time and it wont be zero-sum


is malcomb the pro or one of the SM?

i love this thread, it alwayz make me laugh.......... i cant be sick reading this thread!

[malcolmb14]

Originally Posted by Naijafx

VSA is good but no indicator will ever lead ahead of price hence everybody will be profiting 100% of the time and it wont be zero-sum


is malcomb the pro or one of the SM?

i love this thread, it alwayz make me laugh.......... i cant be sick reading this thread!

sm ....

learn vsa ... 99 % of time you will blown away

my issue is i do not always trust what I see...

this is a comment to a trader in here on skype friday... before news ..have not managed to set computer clock back 1 hr yet... you tell me leading or lagging ?

11/6/2009 6:14:21 AM seems like sellers gj

and

[11/6/2009 6:25:42 AM] malcolm britton says: yesterdays poc
[11/6/2009 6:28:21 AM] malcolm britton says: es looks week here
[11/6/2009 6:28:32 AM] malcolm britton says: weak

2 min before 14 point drop in es

this is not made up the trader that i was talking to can verify

you see what you do not understand vsa is not about 1 candle it is about back ground.

back ground started in us session thursday , continued thru london session in form of distribution

then i saw this right before news .... both meant something to me, obviously as you are laughing at vsa .... will never mean anything to you .

I can honestly say i used to use moving averages , rsi and all that other crap...broke even at best , now for last 2 years of ucing vsa i feel like i am making headway

[malcolmb14]

how sure can one be of entering short gu on an up bar like that

me 90% sure ....reversal after effort to rise high vol easy 70 pip

I can show you these set ups over and over

In fact I would have been short in London on no demand bar 15 min if i was awake