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  • #207,101
  • Edited 6:47am Nov 7, 2009 6:36am | Edited 6:47am
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
  • #207,102
  • Nov 7, 2009 7:03am Nov 7, 2009 7:03am
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.
  • #207,103
  • Nov 7, 2009 10:53am Nov 7, 2009 10:53am
Quoting 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

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  • #207,104
  • Nov 7, 2009 11:06am Nov 7, 2009 11:06am
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
  • #207,105
  • Nov 7, 2009 12:12pm Nov 7, 2009 12:12pm
Quoting 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.
  • #207,106
  • Nov 7, 2009 12:39pm Nov 7, 2009 12:39pm
Quoting mko
Maybe this post by rgiit05 would help.
http://www.forexfactory.com/showpost...stcount=206494
thanks! :nerd:
  • #207,107
  • Nov 7, 2009 12:48pm Nov 7, 2009 12:48pm
Quoting 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
  • #207,108
  • Nov 7, 2009 2:23pm Nov 7, 2009 2:23pm
Quoting 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....
  • #207,109
  • Nov 7, 2009 3:24pm Nov 7, 2009 3:24pm
Quoting 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


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  • #207,110
  • Nov 7, 2009 3:29pm Nov 7, 2009 3:29pm
here is a CLEAR positioning of pros before news

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  • #207,111
  • Nov 7, 2009 3:45pm Nov 7, 2009 3:45pm
Quote
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!
  • #207,112
  • Nov 7, 2009 4:19pm Nov 7, 2009 4:19pm
Quoting 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

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  • #207,113
  • Nov 7, 2009 4:23pm Nov 7, 2009 4:23pm
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

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  • #207,114
  • Nov 7, 2009 4:26pm Nov 7, 2009 4:26pm
Quoting malcolmb14
here is a CLEAR positioning of pros before news

Attachment
Maybe pros know the news before everybody. I heard before, that banks have "FED watchers" to try to guess what FED will decide to do according to different parameters of the market. Maybe they have also their own way to calculate NFP, Home sales, Crude Oil inventory..etc, to know approximately which will be the numbers published at news release and with that they can buy or sell just before (like the japanese man who invented candlestick when he put men with flags through the 500 km separating rice market to the rice stock exchange to know before others if the production of rice will rise or drop and thus he will buy or sell and become with this technic the richest man in Japan).
No Signal, No Trade. No fundamenals, No headache.
  • #207,115
  • Nov 7, 2009 4:33pm Nov 7, 2009 4:33pm
http://seekingalpha.com/article/1568...ow-what-part-i

approx 4 billion left of fdic money

last week was 2.5 billion cost , this week another 1.5 billion cost

http://www.marketwatch.com/story/fiv...bln-2009-11-07

hold on fdic just ran out of money in 2 weeks

but in reality it does not exist...

http://seekingalpha.com/article/9512...actually-exist

so in other words every week the bank failures that average joe investor knows NOTHING about are costing the taxpayers approx 1.5 billion per week right now as the treasury is just giving the money to the fdic (well the fdic is the treasury I guess). In one year a mere 80 billion plus will be spent on bailing out still failing banks.

and then this ..... err ummm .... scary but when will this all come down the shoot who knows

http://seekingalpha.com/article/1687...-bank-closures




Quoting No Stress
Maybe pros know the news before everybody. I heard before, that banks have "FED watchers" to try to guess what FED will decide to do according to different parameters of the market. Maybe they have also their own way to calculate NFP, Home sales, Crude Oil inventory..etc, to know approximately which will be the numbers published at news release and with that they can buy or sell just before (like the japanese man who invented candlestick when he put men with flags through the 500 km separating rice market to the rice stock exchange to know before...
Blogging daily now at www.volume.zone
  • #207,116
  • Nov 7, 2009 4:41pm Nov 7, 2009 4:41pm
Quoting malcolmb14
sm ....

learn vsa ... 99 % of time you will blown away
ive been looking but so far all its done is get me into trouble lol

its like trying to read chinese, i can look at every bar and think well what does that mean then, and turns out it means nothing cos it doesnt do what i expected anyway haha.
  • #207,117
  • Nov 7, 2009 4:45pm Nov 7, 2009 4:45pm
Quoting 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

Attachment ]
thats a good example, id have probably seen that as a high volume up bar so lots of buyers, and gone long instead of short lol
  • #207,118
  • Nov 7, 2009 4:55pm Nov 7, 2009 4:55pm
Quoting malcolmb14
http://seekingalpha.com/article/1568...ow-what-part-i

approx 4 billion left of fdic money

last week was 2.5 billion cost , this week another 1.5 billion cost

http://www.marketwatch.com/story/fiv...bln-2009-11-07

hold on fdic just ran out of money in 2 weeks

but in reality it does not exist...

http://seekingalpha.com/article/9512...actually-exist

so in other words every week the bank failures that average joe investor...
Hi Malcombe,

Hope you are well bro.

I wonder if you could do me a favour please bro? and take a look at GU, let me know what your thoughts are with VSA etc?

Here is my view: http://www.forexfactory.com/showpost...stcount=181464 , would be interesting to see if we are thinking the same for the coming week...

Many thanks and all the best to the West side of the pond..
  • #207,119
  • Nov 7, 2009 6:00pm Nov 7, 2009 6:00pm
here is what i see

seems on all dip on move to 1.6600 got bought. 1/6600 is major resistance on charts.. are we now going to get a 200 pip fake out to 1.6800 ? i do not know but all dips seem to be getting bought

something is going on due to dx ..... 2nd chart..dx almost looks like accumulation at 75.60 zone .... but as we know that can change in a heart beat .

I cannot get a great read on the market right now to be honset , we may even stay in range conditions for a while.

can we honestly say gold is supposed to be at 1100 when markets are rising ? and did dx really drop that much ? simple answer is no... anyone short 1095 will do well next week .. 3rd chart is gold distribution

if I was going to say anything about gu I think fake out break out .. then drop some 400 pip or more...not because of gu chart but because of gold and dx charts. Will this break out be enough to make gj test 153 supply zone ... we will have to wait and see ....the market has been very voltile and moods swings have been great from one day to the next


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Quoting direct-trade
Hi Malcombe,

Hope you are well bro.

I wonder if you could do me a favour please bro? and take a look at GU, let me know what your thoughts are with VSA etc?

Here is my view: http://www.forexfactory.com/showpost...stcount=181464 , would be interesting to see if we are thinking the same for the coming week...

Many thanks and all the best to the West side of the pond..
Blogging daily now at www.volume.zone
  • #207,120
  • Nov 7, 2009 6:32pm Nov 7, 2009 6:32pm
Quoting malcolmb14
here is what i see

seems on all dip on move to 1.6600 got bought. 1/6600 is major resistance on charts.. are we now going to get a 200 pip fake out to 1.6800 ? i do not know but all dips seem to be getting bought

something is going on due to dx ..... 2nd chart..dx almost looks like accumulation at 75.60 zone .... but as we know that can change in a heart beat .

I cannot get a great read on the market right now to be honset , we may even stay in range conditions for a while.

can we honestly say gold is supposed to be at 1100 when markets...

Many thanks Mal,

I agree that we are out of correlation ATM, a fake out could certainly be on the cards....all dips have been bought, but suspect price action and not "normal" buying behaviour if you know what I mean. Seems nice rise full of major seller...?

I suspect a bit of wailing and gnashing of teeth from traders this week as Offers and Bids are hit and stopped out on both sides of this UTL before a real direction....

BUT, at G20 today, US and Canada told Gordon Brown to Fck off when he mentioned taxing bank transactions instead of the public for the failed banks recuperation........now, how do the rising unemployed pay extra tax? lol. Loved his comment this week "Being Prime Minister is much harder than I thought it would be...."

May see a bit of downwards momentum at kick off tomorrow, I remember seeing this kind of bullrise-crap just before the fall last year...now that would be very nice.

Gold...now that's a different story, will be interesting to see what happens when the profit taking kicks in.

Anyway, good luck to both of us, all the best mate.
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