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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #198,161
  • Sep 16, 2009 5:31pm Sep 16, 2009 5:31pm
maybe here u will find the clue for beast

decision time
triangle is usually trend continuation pattern
trend since august has been down

ema200 was tested twice third test will break it
but on stochrsi bear zone is pretty well defended if hold we should see rejection if this happens new high will occur
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.PNG Size: 45 KB
  • #198,162
  • Sep 16, 2009 5:41pm Sep 16, 2009 5:41pm
Quoting TheGabriel
Thanks for your view on VSA mate, still very newbie but thrust this system, soon I'll buy a feed to get non smoothed data from esignal or TradeGuider (they have VSA indicators too).

Please tell me if I'm right, if the volume is very low on a bearish candle there are few sellers, if the volume is medium-high there are good sellers, if it's too high (with low spread of the candle) it might just be a trap?
esignal data worth getting

I have tradeguider also .. pretty good , but now i seem to trade most of the time without it as I can see the set ups on the charts without helkp pf Tg.

volume on down candle is low on a supprt is cllaed low volume test ( low spread , low vol down candle) this is bullish

down candle on a good volume met immediately with up candle on good vol is shake out and bullish ..see chart below ...

volume to high on a down candle (wide spread ultra high volume ) is often hidden buying i was smiling when I saw everyone saying 146 146 9did not come on here as knew would be like feeding meat to the sharks lol)..I mentioned the mark down to 149 and then saw this ( 2nd chart) easy long.

Attached Image (click to enlarge)
Click to Enlarge Name: chf03.gif Size: 21 KB


Attached Image (click to enlarge)
Click to Enlarge Name: chf04.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #198,163
  • Sep 16, 2009 5:46pm Sep 16, 2009 5:46pm
Quoting 5ysfx
maybe here u will find the clue for beast

decision time
triangle is usually trend continuation pattern
trend since august has been down

ema200 was tested twice third test will break it
but on stochrsi bear zone is pretty well defended if hold we should see rejection if this happens new high will occur
I am looking at cadjpy and thinking forget 155 .. hello 160 ..lol

if 86 gives on cadjpy she is going to rip 400 to 500 pips on daily
Blogging daily now at www.volume.zone
  • #198,164
  • Sep 16, 2009 5:51pm Sep 16, 2009 5:51pm
Quoting malcolmb14
esignal data worth getting

I have tradeguider also .. pretty good , but now i seem to trade most of the time without it as I can see the set ups on the charts without helkp pf Tg.
Malcolm, was TG worth the investment... did it help you understand VSA so that you made $ because of it? I am considering it but the price is around 3K which is 30% of my trade acct.
  • #198,165
  • Sep 16, 2009 5:54pm Sep 16, 2009 5:54pm
THANK YOU BRO!!! Learning a lot and you gotta love the VSA I'm sure...

I just saw my broker sucks, totally different chart from IBFX ( i have FxPro) plus volumes are much smoothed and I didn't have high volume on red candle and after that high on up candle, i only had average vol on the red candle and high on the bull one.

Charting with IBFX and is much better, clean chart and good volume...plus on IBFX the up movement just touched the 50% retracement, on FxPro it went to 61.8!
"Hate the sin, love the sinner." - Gandhi
  • #198,166
  • Sep 16, 2009 6:01pm Sep 16, 2009 6:01pm
Sept. 16 (Bloomberg) -- International demand for long-term U.S. financial assets weakened in July as investors cut purchases of Treasuries by more than a third from the prior month, government statistics showed.

Net buying of long-term equities, notes and bonds totaled $15.3 billion for the month, compared with purchases of $90.2 billion in June, the Treasury Department said today in Washington. Including short-term securities such as stock swaps, foreigners sold a net $97.5 billion in July, compared with net selling of $56.8 billion the previous month.


http://www.bloomberg.com/apps/news?p...d=a58PmCDST2Ls

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  • #198,167
  • Sep 16, 2009 6:01pm Sep 16, 2009 6:01pm
Bro I can't find better volume 1.1, Just 1.4, 1.1 seems better, could you please attach it?
Edit: I think you just changed colors, the 1.4 is same as 1.1 , I'm I right? Anyway attach it please, I wanna check.
"Hate the sin, love the sinner." - Gandhi
  • #198,168
  • Edited 8:09pm Sep 16, 2009 6:06pm | Edited 8:09pm
Here is a pdf file called VSA Basics. Hopefully it will help others.
Attached File(s)
File Type: pdf VSA BASICS.pdf   665 KB | 399 downloads
  • #198,169
  • Sep 16, 2009 6:10pm Sep 16, 2009 6:10pm
Quoting MykeFX
Malcolm, was TG worth the investment... did it help you understand VSA so that you made $ because of it? I am considering it but the price is around 3K which is 30% of my trade acct.
not required Myke... just understand vsa and you can see the set ups on the chart as they happen . 15 min charts are best for vsa I think

lovely low test supply 149.64...
Blogging daily now at www.volume.zone
  • #198,170
  • Sep 16, 2009 6:13pm Sep 16, 2009 6:13pm
Quoting malcolmb14
not required Myke... just understand vsa and you can see the set ups on the chart as they happen . 15 min charts are best for vsa I think

lovely low test supply 149.64...
Finding colors patterns, Red-Green etc...amazing LOVE IT
"Hate the sin, love the sinner." - Gandhi
  • #198,171
  • Sep 16, 2009 6:16pm Sep 16, 2009 6:16pm
Quoting TheGabriel
Bro I can't find better volume 1.1, Just 1.4, 1.1 seems better, could you please attach it?
Edit: I think you just changed colors, the 1.4 is same as 1.1 , I'm I right? Anyway attach it please, I wanna check.

remember what I do is not just one thing..

it is a combination of volume histogram , vsa , price action , candles , divergences , fib ext / reatrcements and above all ... sounds dumb ... but a feel for the market and the pros next move. I know a few in here have said you cannot do that.....

as you can see from posts this week been doing that all week....

all you do is watch charts and understand how the main players work and this will show it self clearly to you.

I do not htink the mark down to 149 yesterday and the subsequent buying was designed for 200 pips .. might be wrong .. but doubt it very much
Blogging daily now at www.volume.zone
  • #198,172
  • Sep 16, 2009 6:23pm Sep 16, 2009 6:23pm
Quoting malcolmb14
remember what I do is not just one thing..

it is a combination of volume histogram , vsa , price action , candles , divergences , fib ext / reatrcements and above all ... sounds dumb ... but a feel for the market and the pros next move. I know a few in here have said you cannot do that.....

as you can see from posts this week been doing that all week....

all you do is watch charts and understand how the main players work and this will show it self clearly to you.

I do not htink the mark down to 149 yesterday and the subsequent buying was...
I understand and your system should work out pretty well with the right combination and experience, nothing dumb as i trust all the things you use in your setup bro and I use Fibos, Divergences and Vsa (still learning) too. Keeping it simple with rules though, the tape read also helps.

So you mean this was meant to be a higher drop than what we've seen?
I see right now a continuation of the up with blue candle and low chun yellow volume. Maybe we'll see 150.05 as you said before and have a topping there.
"Hate the sin, love the sinner." - Gandhi
  • #198,173
  • Sep 16, 2009 6:39pm Sep 16, 2009 6:39pm
Quoting TheGabriel
I understand and your system should work out pretty well with the right combination and experience, nothing dumb as i trust all the things you use in your setup bro and I use Fibos, Divergences and Vsa (still learning) too. Keeping it simple with rules though, the tape read also helps.

So you mean this was meant to be a higher drop than what we've seen?
I see right now a continuation of the up with blue candle and low chun yellow volume. Maybe we'll see 150.05 as you said before and have a topping there.
low volume mark down is to test supply ..i am still expecting 151.50 UNLESS we get a 30 min close under 149.50

I opned new long on test 149.65 ...stop set at be +1 already

Attached Image (click to enlarge)
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  • #198,174
  • Sep 16, 2009 6:42pm Sep 16, 2009 6:42pm
Now i understand why you're saying that and looks like very likely to happen, still holding the shorts until I get the uptrend signal...you still shorting while buying the retest?
"Hate the sin, love the sinner." - Gandhi
  • #198,175
  • Sep 16, 2009 6:48pm Sep 16, 2009 6:48pm
Quoting malcolmb14
low volume mark down is to test supply ..i am still expecting 151.50 UNLESS we get a 30 min close under 149.50

I opned new long on test 149.65 ...stop set at be +1 already

Attachment
I am still learning ur VSA and i'm so sad my broker don't give clear information on volume. Your chart has 2 high red volume bar before move up with green bar to test buyers like that u say. I love your chart so much, it is so clear . Unfortunately, i was away having dinner when the signal candle formed on up move. so i was stuck in low position short and still hold onto it.
  • #198,176
  • Sep 16, 2009 6:49pm Sep 16, 2009 6:49pm
Quoting TheGabriel
Now i understand why you're saying that and looks like very likely to happen, still holding the shorts until I get the uptrend signal...you still shorting while buying the retest?
due to my dip into EW i shorted 150.50 , long 50 % reatrce wave 4 at 149.65 .. then close test 150. Now until 151.50 hit i will only take the buy dips as i trust this to be wave 5 , taking us into 151.50 / 152 in next 24 hours
Blogging daily now at www.volume.zone
  • #198,177
  • Sep 16, 2009 6:51pm Sep 16, 2009 6:51pm
Quoting Minakata
I am still learning ur VSA and i'm so sad my broker don't give clear information on volume. Your chart has 2 high red volume bar before move up with green bar to test buyers like that u say. I love your chart so much, it is so clear . Unfortunately, i was away having dinner when the signal candle formed on up move. so i was stuck in low position short and still hold onto it.
do not forget on move down to test that 50 % fib level there was no bearish volume on low volume drift down ... often seen this before tokyo... low volume testing.

what i eman by this is that ion real down moves you want to see epxnding volume on each candle to indicate tru selling pressure. If the price drops down on low volume then the pros are not partaking and if they are not selling they are lurking somewhere to buy....
Blogging daily now at www.volume.zone
  • #198,178
  • Sep 16, 2009 6:52pm Sep 16, 2009 6:52pm
Yep you did good, much safer than I'm doing but adjusting now and getting my mind out of bearish bias... If it manages to break M30 channel on GJ i'll buy as well, GU too.
Bro there's plenty of space for your up trend as I see on daily. Bullish divergence on H4 too.
"Hate the sin, love the sinner." - Gandhi
  • #198,179
  • Sep 16, 2009 7:02pm Sep 16, 2009 7:02pm
Quoting malcolmb14
do not forget on move down to test that 50 % fib level there was no bearish volume on low volume drift down ... often seen this before tokyo... low volume testing.
Thanks malc, if it drift down to your 50% fib i will consider ending my short, i can't tank it to 155 (if i understand u correctly that if it hit 152 it will go higher ?) 152 is still fine with me.
  • #198,180
  • Sep 16, 2009 7:04pm Sep 16, 2009 7:04pm
Price close above daily pivot, GJ OS at H4 TF
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