vsa with Malcolm

cable trying to break support right now

Malcolm, can you please explain last two 15 min bars on Dax and Gold

TODAY IS FRIDAY .....

Sorry, I completely missed this post. When I made this comment we had recently printed was was yesterday's 1hr zone. It was a sting looking bar with a lower tail, decent range and a close on the H making a new H for the day. We were in the top half of that bar and ranging there.

Unless we made our way below 50% I would bullish for the next day's action.

As you can see we stayed in the upper half, took out the H and then tested back down into the 50% hinge before the huge bull push we've seen the last hour and continuing this current hour...

Think everything is done for today, might move down once more in todays range but unlikely. Hardcore moves coming up next week probably.

Hi Malc,

Can you explain how you read the background? You mentioned earlier 4 days prior, what exactly do you look at or for?

Broker/Slippage.

Please suggest a broker with guaranteed SL even during spikes/news, or is it impossible to get exact price during such periods?

I do not think there is one .... trading news is dangerous

Agree.
But i was wondering if there is any option to hold existing trades during news and be saved from slippage,
Or we must close...b4 news?

As I recall, IG markets offers guaranteed SL. However its commission is higher than non-guaranteed SL.

Hi, All

A quick Question, any one from USA doing CFD, FXCM did not allow me to open account as US residence.

Is it ok to open account with other Brokers like forex.com or IG markets etc.

Regards,

Is it silence day here ?

Hi All,

Interesting day, there is no news today which will drive the market ... so I think it will continue going to the previous movement means going up but before that I think its interesting to know which level should be possible as entry point if you are still no position yet ....

in my pic I put 3 red levels to look at and level with Fibonacci (sometimes I use it too)... just use the basic of VSA like ND (No demand) NS (No supply) to identify the best possibility of the entry point ....

You can get best possible entry by using VSA but that's not the most important thing .... the most important thing is to identify the trend, once you are able to recognize it, its the matter of time that the movement will go to your direction, therefore you should use a good Money Management, i use Balance/20.000 ... it should be enough to have a confidence for my entry position.

Ok happy trading ... btw i could be wrong for my trend analysis .... :-)

I forgot here 3 red level as possible targets ....

Happy Birthday Malcolm !

Thanks mate ... big 50 this year

50 is the new 20 so I hear lol

Enjoy!!! get drunk!!! and share with us your better moments.

Gbp weakness arrived yesterday

I am looking to sell as long as the low of the Uh volume bar on the 60 min remains intact

1.2290

targets bottom of channel or lower

if we go look at 60 min gbp from august 16 we see distribution ( sellers on all uh volume up bars)

Euro

anyone that hat is bullish euro beware

a no demand was printed on the daily yesterday and this is in the right spot ( near old highs )

i would like to ses a break doen of the open range today to see a down day confirmed

Already am mate ... it's 9 am and I am doing a bit of drunken trading today ... means think less trade more . Maybe I can quadruple my account today