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  • #6,521
  • Apr 8, 2010 1:39pm Apr 8, 2010 1:39pm
Quoting hwsv07
why u say there's strength? i thought it was upthrust all the way.

double dips both got bought , one slightly hihger than others. I was not ready to buy , so sat out as missed move.

I am looking to buy asia / frankie on dip into 1.5250 to 1.5220. Target 1.5400 for end of week

With that strength behind us there is NO reason this should not break out tonight

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Blogging daily now at www.volume.zone
  • #6,522
  • Apr 8, 2010 1:42pm Apr 8, 2010 1:42pm
Quoting Intel
Nice to see you Zizou23

However I couldn't dissagree more. It's through seeing what Malcolmb et al are doing and MORE IMPORTANTLY, WHY they are doing it, that helps us to learn.

It doesn't matter whether their trade was good or bad, we can learn from their mistakes aswell as their accuracy after all, if they got it wrong, you can bet a lot of us also got it wrong.

Sorry to hear you missed a trade. Consider this tho......how much did you lose on that trade?

Please feel free to post your trades so we can all learn.
Hey Intel !!! Thanks for reply i didnt take the trades.. because i do not take the trades by somebody's analysis however if the person is Master i look for clues what he is saying.. If my opinion not the same i stay away from the trade i only trade G/U so i only missed the opportunity 2 day in a row ... i am not saying against anything to Malcolmb he is great trader and Like i said i only gain from his Posts No Offense to any1 but By saying this going up or down it just miss lead the NewB's like me.. (i am not talking about he is right or wrong ..) I am just saying if you done your homework and you hear that your analysis is opposite what Masters expecting then you not gonna take your trade...
  • #6,523
  • Edited 1:53pm Apr 8, 2010 1:42pm | Edited 1:53pm
hold on a minute .... you blaming me for changing your own mind. Market is dynamic. There was a very valid reason to sell of 1.5220. and i did , taking 40 pip , you could have had more. If watching your charts and understanding vsa you would have understood the wide spread down bar on ultra high volume on a 15 / 30 min chart may have been a flag buyers are in the market. It made me close my sell and wait. I have also noted many time do not bother with 5 min charts on vsa , 30 min down you will see the moves.

If you like I will post after the fact analysis ....



Quoting Zizou23
Hey Man Thanks for sharing knowledge and your Wisdom .. But i want to ask one little favor .. i am not offending you neither iam not trying to be smart nothing like that.. I learn a lot from you and you like Master for me but Please do not post you orders in detail because last 2 days i changed my own analysis because you came up with Selling Climax 1st day and that you said short 1.5220 and target 1.5100 2nd day ... i didnt trade my own analysis neither yours.. But it just confusing by following some1 or ignoring some1 who knows better then you...
Blogging daily now at www.volume.zone
  • #6,524
  • Apr 8, 2010 2:03pm Apr 8, 2010 2:03pm
Quoting malcolmb14
hold on a minute .... you blaming me for changing your own mind. Market is dynamic. There was a very valid reason to sell of 1.5220. and i did , taking 40 pip , you could have had more. If watching your charts and understanding vsa you would have understood the wide spread down bar on ultra high volume on a 15 / 30 min chart may have been a flag buyers are in the market. It made me close my sell and wait. I have also noted many time do not bother with 5 min charts on vsa , 30 min down you will see the moves.

If you like I will post after the fact...

Malc,

Please just keep posting how you see fit. We all need to realize that your ARE NOT giving any type of "signal"; just analysis and a good one at that.

People, don't complain because basically you don't know what you're doing; so you change your plan because your read someone else's.

Donnie
  • #6,525
  • Apr 8, 2010 2:03pm Apr 8, 2010 2:03pm
Don't you think gbpusd could break to the downside ?

If you look at the vol on a 30mn chart you'll notice thar vol seems to be concentrate on the downside part .... while lower vol is on the upper side ?

Ain't it like some kind of distribution ? they let the price going higher on low vol ... then they short it and try to break the downside of the range with higher vol ?

What's your opinion on it ?
COT: The precious data ignored
  • #6,526
  • Apr 8, 2010 2:04pm Apr 8, 2010 2:04pm
Quoting Zizou23
Hey Man Thanks for sharing knowledge and your Wisdom .. But i want to ask one little favor .. i am not offending you neither iam not trying to be smart nothing like that.. I learn a lot from you and you like Master for me but Please do not post you orders in detail because last 2 days i changed my own analysis because you came up with Selling Climax 1st day and that you said short 1.5220 and target 1.5100 2nd day ... i didnt trade my own analysis neither yours.. But it just confusing by following some1 or ignoring some1 who knows better then you...
Wow. Dont know what to say about this one. You should still be paper trading if your that unsure of your own market analysis. Putting the blame on another trader is simply foolish.
  • #6,527
  • Apr 8, 2010 2:18pm Apr 8, 2010 2:18pm
Quoting lascavel
Continue from my previous post:

ref: http://www.forexfactory.com/showpost...postcount=6515

A top reversal has form & I wont be looking to buy but to sell instead (even it if goes up).

I will be using 20 simple moving avg in 5m chart for entry for a sell confirmation & trail the MA till it hit TP at retracement level of 23.6%.
Attachment

taomql4 i guess u have expected it. Cheers!

Be ready though!!! she could be a monster--

Hope am not sleepin....lol
  • #6,528
  • Apr 8, 2010 2:35pm Apr 8, 2010 2:35pm
Quoting malcolmb14
hold on a minute .... you blaming me for changing your own mind. Market is dynamic. There was a very valid reason to sell of 1.5220. and i did , taking 40 pip , you could have had more. If watching your charts and understanding vsa you would have understood the wide spread down bar on ultra high volume on a 15 / 30 min chart may have been a flag buyers are in the market. It made me close my sell and wait. I have also noted many time do not bother with 5 min charts on vsa , 30 min down you will see the moves.

If you like I will post after the fact...
Ok. man I dont blame nobody ... !!! yeah man i dont read the chart like you do thats why i didn't take the trade.. about wide spread on ultra high V like you said many many times before VSA it's not about 1 bar its all about the background isnt it ??!!! I dont want to insult any1 neither blaming any1 i just said my opinion that's it... !!!
  • #6,529
  • Apr 8, 2010 2:37pm Apr 8, 2010 2:37pm
Quoting Sonofsin5
Wow. Dont know what to say about this one. You should still be paper trading if your that unsure of your own market analysis. Putting the blame on another trader is simply foolish.
Hey man thanks for advise !!!
  • #6,530
  • Apr 8, 2010 2:41pm Apr 8, 2010 2:41pm
Quoting kuroro001
Don't you think gbpusd could break to the downside ?

If you look at the vol on a 30mn chart you'll notice thar vol seems to be concentrate on the downside part .... while lower vol is on the upper side ?

Ain't it like some kind of distribution ? they let the price going higher on low vol ... then they short it and try to break the downside of the range with higher vol ?

What's your opinion on it ?
In view of the bullish triangle pattern as i mentioned, my bias is upwards. As for your question on distribution, low volume on upbars general indicates weak demand but that does not mean market is selling in a big way, for that we need to see some strong volume on upbars, shakeouts or some fail upthrust. For now a retracement seems more likely before the break out.

I hope i understood your question.

Cheers!
  • #6,531
  • Apr 8, 2010 2:44pm Apr 8, 2010 2:44pm
i have noticed that, bollinger bands can be useful during day. I have several times 10 pip profits, maybe 4 times.

I look at 5-15-30 & 60 min charts, and if ptice exceeds some 5 pips high or low boundries at 5-15 min, and at boundries at 30- 60 min, then I take a position, and generally it gives 10 pips.

i am still so newbie for using vsa, and sometimes i take position acc to bar formations such as up-thrust, or stopping volumes. frankly speaking, I check volumes, however, I cant be sure whether I gonna see the supposed effect.
but, I am looking for 10-15 pips generally, and i can take it.

for example, there is increasing price action parrallel to decreasing volume, and I think that I can take a short, however, I am afraid of that.

Please check bollinger bands who likes scalping. I just wanna share here.
  • #6,532
  • Apr 8, 2010 2:51pm Apr 8, 2010 2:51pm
Quoting lascavel
In view of the bullish triangle pattern as i mentioned, my bias is upwards. As for your question on distribution, low volume on upbars general indicates weak demand but that does not mean market is selling in a big way, for that we need to see some strong volume on upbars, shakeouts or some fail upthrust. I hope i understood your question.

Cheers!

something i have noticed is :

lets say we see buyers and up day as we have seen today , then at top of ATR we see either no buyers interested ( no demand) or high volume bars) this does not always mean pros are in the market , could just be profit tkaing on the day or lack of interest due to range ending. If this happens at end of US session then even more we can wait and see what happens next session.

Today gu stopped at 1.5270 , bottom 1.5167 in london , about only 110 pip. Volume has tapered off BUT as we have seen no pullback we have not even had profit taking here. Just no one interested buying this higher this session .

We are very close to major r , it may well take next session to break this out.

I am looking for ANY signs of strength on a slight reatrcement into 1.5220 to 1.5250. I am pretty bullish after that double dip today , one in frankie and one in London / start us

Thinking 1.5380 target for end of week .

DISCLAIMER
THESE ARE MY OWN THOUGHTS TRADE YOUR OWN CHARTS.
Blogging daily now at www.volume.zone
  • #6,533
  • Apr 8, 2010 2:51pm Apr 8, 2010 2:51pm
Quoting uraceulose
Malc,

Please just keep posting how you see fit. We all need to realize that your ARE NOT giving any type of "signal"; just analysis and a good one at that.

People, don't complain because basically you don't know what you're doing; so you change your plan because your read someone else's.

Donnie
I second that! Keep the analysis coming Malc!!! It's an invaluable part of this thread and is integral to it's continuing existence...

If someone doesn't want to hear what you see the market doing... then they can just simply ignore your posts...

Although, they won't learn much if they do...

This is not a class room... this is a thread about trading through VSA... everyone(especially Malcolmb) has a RIGHT to post their analysis and live trades...

Just sayin'...

-SK-
  • #6,534
  • Apr 8, 2010 3:01pm Apr 8, 2010 3:01pm
Quoting SilverKnight
I second that! Keep the analysis coming Malc!!! It's an invaluable part of this thread and is integral to it's continuing existence...

If someone doesn't want to hear what you see the market doing... then they can just simply ignore your posts...

Although, they won't learn much if they do...

This is not a class room... this is a thread about trading through VSA... everyone(especially Malcolmb) has a RIGHT to post their analysis and live trades...

Just sayin'...

-SK-
I can sense his frustrations . I was also frsutrated today missing an easy move. But my boat was on my mind as we had a massive wind storm here last night , so had to rip out and check it. IT was still floating and tied to dock where I left it ....
Blogging daily now at www.volume.zone
  • #6,535
  • Apr 8, 2010 3:11pm Apr 8, 2010 3:11pm
Quoting malcolmb14
something i have noticed is :

lets say we see buyers and up day as we have seen today...
Yes, I know what you mean.

Usually if there are any profit taking u may be able to see some weak supply bars there after. Therefore an expected retracement should not be rule out.

e.g. chart back in around 30th March 2010:
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  • #6,536
  • Apr 8, 2010 3:11pm Apr 8, 2010 3:11pm
dang... FAZ is looking mighty cheap!

Anyone else got their eyes on it? What do you think about it Malc?

-SK-
  • #6,537
  • Apr 8, 2010 3:28pm Apr 8, 2010 3:28pm
Quoting SilverKnight
dang... FAZ is looking mighty cheap!

Anyone else got their eyes on it? What do you think about it Malc?

-SK-
lol .... I hate fAZ with a passion....I think that banks are really not in a good position BUT I also see DJ moving to 12000... just because it can.

I think I will stick to fx .
Blogging daily now at www.volume.zone
  • #6,538
  • Edited 6:32pm Apr 8, 2010 6:00pm | Edited 6:32pm
Quoting Intel
GU M15

UT after weakness seen, followed by ND. All at 90% of ADR......short coming maybe?
Shows the value of not jumping in too early................it also shows why I only trade the high percentage setups

Not experienced enough yet, but I'll get there.....someday!
  • #6,539
  • Edited 6:50pm Apr 8, 2010 6:41pm | Edited 6:50pm
Quoting malcolmb14
something i have noticed is :

lets say we see buyers and up day as we have seen today...
I agree with you. For me I've been bullish GU since 1.5200 and I have stronger conviction now we have an up day and looking at the daily chart, some pretty nice pins. For me, I think we could see 1.54 this week.

The way I trade, I like to look at the dailies to confirm the bigger picture for my bias then try to get a nice entry using VSA on M15.

Right now during Asia.. Here's what I'm seeing.. After the mark up.. The M15 candle forming is having very little spread on the down bar BUT the volume is increasing. This looks like accumulation or Inside buying, because If actually a reversal is near, then the spread of the candle should be wider.
  • #6,540
  • Apr 8, 2010 6:47pm Apr 8, 2010 6:47pm
Quoting wh1zz0
After the mark up.. The M15 candle forming is having very little spread on the down bar BUT the volume is increasing. This looks like accumulation or Inside buying, because If actually a reversal is near, then the spread of the candle should be wider.
Not sure I follow you here; isn't this what a squat is? Or does it need to be ultra high vol vs. just "regular" high?
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