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vsa with Malcolm

  • #32,641
  • Feb 18, 2020 4:06am Feb 18, 2020 4:06am
Quoting Blasterh22
{quote} I hope this helps {image}
I get that you're trying to tell me there was high volume from Jan 31st so there is a some residual buying that caused price to rally today, but I have no clue what you are saying with the upper horizontal line? Are you saying that you think price is just retesting the up thrust for Feb 6th?

Either way we are both bearish, I just think price will go back and retest 3285.
  • #32,642
  • Feb 18, 2020 4:15am Feb 18, 2020 4:15am
Quoting Anotan
{quote} I get that you're trying to tell me there was high volume from Jan 31st so there is a some residual buying that caused price to rally today, but I have no clue what you are saying with the upper horizontal line? Are you saying that you think price is just retesting the up thrust for Feb 6th? Either way we are both bearish, I just think price will go back and retest 3285.
yes, if the price gets higher recent highs then it hits a supply zone anyway, and we might have a local upthrust
  • #32,643
  • Feb 18, 2020 5:15am Feb 18, 2020 5:15am
Quoting Anotan
USDCAD H1 there isn't really anything I can really see that would have warranted any longs, but definitely will be watching 3285 in a few days for potential high volume bars and how / if the market reacts to them. {image}
Not other signs than new trend and few low volume down bars.
  • #32,644
  • Feb 18, 2020 5:50am Feb 18, 2020 5:50am
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  • #32,645
  • Feb 18, 2020 7:36am Feb 18, 2020 7:36am
USDCAD is taking shape.

I don't want to call the HV bar a shakeout, but its a bullish bar. The close of the HV bar is basically resistance turned support, but it's a bullish setup that isn't worth taking due to the obvious weakness on H4 from my previous post.

This stuff is still interesting to me.
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  • #32,646
  • Feb 18, 2020 8:11am Feb 18, 2020 8:11am
Quoting Anotan
USDCAD is taking shape. I don't want to call the HV bar a shakeout, but its a bullish bar. The close of the HV bar is basically resistance turned support, but it's a bullish setup that isn't worth taking due to the obvious weakness on H4 from my previous post. This stuff is still interesting to me. {image}
it's quite interesting for me to learn things like that.
  • #32,647
  • Edited 8:39am Feb 18, 2020 8:19am | Edited 8:39am
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potential supply hitting GBP, IMO.

*EDIT
well it seems GBP is being rejected from that highest vol upbar 30min close 13feb.
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  • #32,648
  • Feb 18, 2020 8:37am Feb 18, 2020 8:37am
Quoting attique08
potential supply hitting GBP, IMO. {image}
I have my reservations about GBP weakness, there really hasn't been any decent reactions to the HV bar from Feb 13th.
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  • #32,649
  • Feb 18, 2020 9:17am Feb 18, 2020 9:17am
on my watchlist.
now i'll look for higher low at 15 30 60 min.
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  • #32,650
  • Feb 18, 2020 9:18am Feb 18, 2020 9:18am
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  • #32,651
  • Feb 18, 2020 9:38am Feb 18, 2020 9:38am
Quoting juhanimi
{image}
when i start learning vsa, i hate to draw lines or learn classic analysis, since that i leaned channel can tells OS/OB state once price reach it show SOS/SOW signs, i become interested after that i return to learn again classical analysis i discovered that that classical is part of vsa actually Tom W. was teaching us part of the classical
  • #32,652
  • Feb 18, 2020 9:40am Feb 18, 2020 9:40am
Quoting attique08
{image} potential supply hitting GBP, IMO. *EDIT well it seems GBP is being rejected from that highest vol upbar 30min close 13feb. {image}
if I may, you are doing the same mistake again, trying to go short against the buying pressure
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  • #32,653
  • Feb 18, 2020 9:43am Feb 18, 2020 9:43am
Quoting attique08
on my watchlist. now i'll look for higher low at 15 30 60 min. {image}
this might work, price is in demand zone, but I will wait for the day to close and go long tomorrow on the test (if will be any)
  • #32,654
  • Feb 18, 2020 10:14am Feb 18, 2020 10:14am
not so far away from all time high, Corona virus maybe reason for that
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  • #32,655
  • Feb 18, 2020 11:00am Feb 18, 2020 11:00am
Added another short to AUD on the pull back.

I still think Dec 13th is in play and also if you look back on a H4 for Aug 7th, 6695 was the last resort for bulls which looking at today's action buyers could care less about the 6695 level.
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  • #32,656
  • Feb 18, 2020 8:33pm Feb 18, 2020 8:33pm
This trade was hard to take with how over sold EURCAD is, but price is still clearly reacting bearishly.
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  • #32,657
  • Feb 19, 2020 2:00am Feb 19, 2020 2:00am
as I said earlier, prices tried to break to the upside, but encountered a strong supply area from which it reacted
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  • #32,658
  • Feb 19, 2020 2:38am Feb 19, 2020 2:38am
no result from test is something i just read MTM yesterday. with weakness in USDCAD background (credits to Blasterh22 for making it clear to me) when i saw no result from such effort, i went short.

test is considered failed in next 2-5 bars its low is cleared. -TW
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  • #32,659
  • Feb 19, 2020 3:22am Feb 19, 2020 3:22am
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  • #32,660
  • Feb 19, 2020 3:29am Feb 19, 2020 3:29am
H4

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