Malcolmb, thank you for this thread, it's great to see able traders posting live setups & sharing for a change.
Thank you again
Thank you again
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DislikedLondon close in 15mins... probably not too much left today. We did hit that 6080 level I mentioned earlier but haven't seen any tradeable reation as of yet.Ignored
Disliked15min NS just printed with high at 6077... Will GU drift up further to end the day?
No trades taken at all today... came into the charts at all the wrong times... oh well a new week and more trades come Monday (well Sunday Evening).Ignored
DislikedI think VSA is enough and it takes time to master it, one of Tom`s students said that it took 3 years and Gavin has known Tom 7-8 years and has sometimes losing trades, but to add something to VSA, I think Sam Seiden`s supply and demand-stuff is good, very good, and that takes too sometime to learn.
And with that trade what you took, price went sideways after that drop (and usually it will test low or atleast lower than that first NS, so I think you were too early), so that usually is not good sign and you could close that with small loss or small...Ignored
DislikedI hope you don't mind that I made some amendments to your chart. This is hourly as I read it.Ignored
Dislikedhttp://www.forexfactory.com/showthre...17#post4412117
There is a possibility to 1.33 but 1.3680 needs to break..I dont think it will
I am buying at 1.3696 when there( 30 pip stop) for a ride into 1.3922 to 1.40xx( EW )
From the price and symmetry prospective I believe I do know something.( no Volume expert... learning that as well)
Purpose of post is be carefull selling at 1.37xx(trap. IMO)
1.3776- 92 is resistenceIgnored
Dislikedagree ... seems to be buyers sitting right in that 1,37xx area
which makes for an awesome long into 1.4 area next week as oil takes off again ( stopping volume yesterday followed by testing on 60 min today.. same pattern as last time at 105 to 98 area)
Once again this week ... macd trader...Ignored
Dislikedagree ... seems to be buyers sitting right in that 1,37xx area
which makes for an awesome long into 1.4 area next week as oil takes off again ( stopping volume yesterday followed by testing on 60 min today.. same pattern as last time at 105 to 98 area)
Once again this week ... macd trader...Ignored
DislikedNo trades taken today so I have been somewhat bored... Thought I would try and embarrass myself by throwing together another Malcombesque week long prediction for next week. I think Monday we see a move down and shake out in the 3640 area (yes that same old 3640) forming the base for the week. Move up from there to close out the day back around the next point of interest at 3770-3780. Take out that old 3860 high on Tuesday or Wednesday and by then end of week we will have formed a new swing high at 3940-3970. I don't think we will take out 1.4 until...Ignored
DislikedNo trades taken today so I have been somewhat bored... Thought I would try and embarrass myself by throwing together another Malcombesque week long prediction for next week. I think Monday we see a move down and shake out in the 3640 area (yes that same old 3640) forming the base for the week. Move up from there to close out the day back around the next point of interest at 3770-3780. Take out that old 3860 high on Tuesday or Wednesday and by then end of week we will have formed a new swing high at 3940-3970. I don't think we will take out 1.4 until...Ignored
Dislikednfp week ... damn they could have waited till the following week
I leave for Uk march 10th and then on to Dubai March 20th , the mallerina world tourIgnored
DislikedI included the 24-Feb EUR/USD H1 Charts of my original analysis and your amendments to compare and discuss.
Looking from left to right.
My viewpoints:
- Basically I put it as a "Test" when it touches one of the Support/Resistance on the Box line drawn.
Because it really is testing that S/R.
- Where you put "Stop Vol", I may not agree coz Vol not significant in that area to be "Stop Vol".
You marked a bar as both "NS and Test".
It cannot be both in this scenario, as a Test Low will have a long tail testing the low, then its Close...Ignored
Disliked- Bull Flag. I don't categorise this pattern much, unless they occur in shorter time frame like M5 or M15.
And only classifly them as "Flag" if they are tight like few candles in the flag.
Your bull flag has too many candles in the flag.
I would expect like 5-10 candles in a flag based on M15 or M5. On H1, I also expect about the same as well.
- Yeah the "Bull Flag failed" because it was NOT a Bull Flag.
Just look at the simple Box Lines and how prices Test those Box High and Box Low.
Also you can see that as price moving up in this "Bull...Ignored
Disliked- The "Shake Out" you wrote down, and I wrote down "Test".
"Test" because it is testing 3rd Box Low.
It is Not a "ShakeOut" for me because there are too many bars to the immediate left of this bar, and this was Not in a real "Swing Low area".
If there is no immediate bars on the left, eg. Swing Low or better is near bottom of DownTrend, then I may consider it as a "ShakeOut".Ignored