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vsa with Malcolm

  • #181
  • Jun 18, 2010 2:54am Jun 18, 2010 2:54am
wtf is going on with volume now on esignal?!!
  • #182
  • Jun 18, 2010 2:54am Jun 18, 2010 2:54am
crazy volume followed by.... shakeout to the downside? but there is selling /weakness in background.. beats me.
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  • #183
  • Jun 18, 2010 2:58am Jun 18, 2010 2:58am
Quoting toob
wtf is going on with volume now on esignal?!!
I believe it is Quadwitching Friday, so anything may happen today ...
  • #184
  • Jun 18, 2010 2:59am Jun 18, 2010 2:59am
something not sitting right with me .. cannot put finger on it

instinct says tankage by end of us ... but need vsa confirmation
Blogging daily now at www.volume.zone
  • #185
  • Jun 18, 2010 3:03am Jun 18, 2010 3:03am
Quoting djarum11
crazy volume followed by.... shakeout to the downside? but there is selling /weakness in background.. beats me.
crazy volume spikes all over place ...

seen them on esignal feed several time this evening ....


could be large orders going thru but keeping price stable .. like a big bank play.

as you are seeing them on a different feed i expect this has something to do with options expiry tomorrow....
Blogging daily now at www.volume.zone
  • #186
  • Jun 18, 2010 3:05am Jun 18, 2010 3:05am
15 min e-signal chart. unfiltered volume for comparison.
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  • #187
  • Jun 18, 2010 3:06am Jun 18, 2010 3:06am
Quoting malcolmb14
gu broke thru that resistance level , still not loving lack of conviction but with strength in background I will take what I can get for now.

[IMG]file:///C:/DOCUME%7E1/Trader/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]Attachment
these buyers coming in like this reminded me of the AJ chart i think it was, that you posted yesterday malc. i refused to believe those pin bars and got stopped out of my short...
  • #188
  • Jun 18, 2010 3:10am Jun 18, 2010 3:10am
Quoting djarum11
crazy volume followed by.... shakeout to the downside? but there is selling /weakness in background.. beats me.

I'm followin usd/cad dont see that volume spike..

By the way malc, glad u got your own thread, will be following u.

Just on the cad chart however, i'm seeing weakness on the usd/cad, effort to rise is being sold, but as price reaching the 1.02 level theres buying back again, its like ping pong going on. Malcolm, do you see the same thing? It also seems like there might be start of some accumulation going on in the pair, but hard to tell still.

Ron

P.S. feed is Interbankfx live
  • #189
  • Jun 18, 2010 3:12am Jun 18, 2010 3:12am
Quoting malcolmb14
something not sitting right with me .. cannot put finger on it

instinct says tankage by end of us ... but need vsa confirmation
as if cable acts against eurgbp ... eurgbp also hit the support of the channel... bt i donw know how it will move...
  • #190
  • Jun 18, 2010 3:16am Jun 18, 2010 3:16am
Quoting megamo
I'm followin usd/cad dont see that volume spike..

By the way malc, glad u got your own thread, will be following u.

Just on the cad chart however, i'm seeing weakness on the usd/cad, effort to rise is being sold, but as price reaching the 1.02 level theres buying back again, its like ping pong going on. Malcolm, do you see the same thing? It also seems like there might be start of some accumulation going on in the pair, but hard to tell still.

Ron

P.S. feed is Interbankfx live

my broker is ATC (u.s.) their vendor is fxcm uk. i'm told their ECN feeds from 8 or 10 banks, signals have been great in the past so i don't suspect it's bad.. volatile weirdness tonight...not sure
  • #191
  • Jun 18, 2010 3:32am Jun 18, 2010 3:32am
I'm using FXCM and I also get stupid volumes.

Looking like it may be a confirmed UT (ish) on M30 but, the background isn't quite as clear.

We have selling coming in yesterday but through the asia session is not clear to me.

I would look for a retrace of sorts then a ND for careful shorting.

We'll see soon enough.

EDIT :- For an ideal UT it shoud have closed on the lows
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  • #192
  • Jun 18, 2010 3:53am Jun 18, 2010 3:53am
Quoting malcolmb14
crazy volume spikes all over place ...

seen them on esignal feed several time this evening ....
could be large orders going thru but keeping price stable .. like a big bank play.
as you are seeing them on a different feed i expect this has something to do with options expiry tomorrow....
Could it perhaps be the weak holders being sucked in? We've last seen prices this early-mid May for both EU and GU if I'm not mistaken.

Tom actually talks about this high volume at market tops.

Quoting Tom Williams in "Master the Markets"
" If the high volume had shown professional buying, how can the prices not go on up? This action shows that buying has come into the market, but be warned that the buying has most likely come from potential
weak holders who are being sucked into a rally top! It happens all the time. "
  • #193
  • Jun 18, 2010 4:25am Jun 18, 2010 4:25am
Just thought of this, maybe it's off but perhaps it could explain the high volume we've been noticing on dips without price moving up recently.

I'm thinking this volume could be due to a mature distribution phase in X/USD crosses. This could mean pros have started to unload their previous positions and now there is a faster response time between supply and demand, i.e. most buying requests coming in at the top are instantly filled by the pros' selling positions.

On the other hand, on USD/X crosses and CHF pairs I'm looking at the opposite: up moves seem to be sold into most of the time and price is not going South much.

In summary, the moves look like classic Wyckoff accumulation / distribution phases close to the end to me.

Just a theory, I'm no expert but wanted to lay this on the table maybe we can figure something out. I'm not sure if i manage to get the terminology to make sense, I'm still learning a lot.
  • #194
  • Jun 18, 2010 4:39am Jun 18, 2010 4:39am
Thanks malcolmb14 for the new thread and hi to all VSA trader here,

Would like to seek some opinion on the EU now, any idea ?
  • #195
  • Jun 18, 2010 4:40am Jun 18, 2010 4:40am
Yep, thinking the same thing. Selloff around noonish.

Jim

Quoting malcolmb14
something not sitting right with me .. cannot put finger on it

instinct says tankage by end of us ... but need vsa confirmation
  • #196
  • Jun 18, 2010 5:07am Jun 18, 2010 5:07am
last hour GU volume was very low..it could be imminent up sign...
  • #197
  • Jun 18, 2010 5:28am Jun 18, 2010 5:28am
Hi there,

From my point of view, it's going down, any other opinion here

Quoting frugal
last hour GU volume was very low..it could be imminent up sign...
  • #198
  • Jun 18, 2010 5:43am Jun 18, 2010 5:43am
Quoting comeinvest
Hi there,

From my point of view, it's going down, any other opinion here
IMHO Considering "triple witching day" my guess is Europe and London have done the mark up they wanted to unload options and loaded up for the next fall. However the US market will open in less than 2 hrs and they will probably do the same. I agree the drop is imminent but considering volume and the whacky PA today the US will probably do the same before the drop. But of course this wouldnt be the first time I have been wrong.

Im long from the lows for some what of a scalp

We will see
  • #199
  • Jun 18, 2010 5:49am Jun 18, 2010 5:49am
Quoting malcolmb14
Hi guys ... this first posting is going to be short and sweet.

This thread is to have an area where I can post my vsa charts and setups.

For those that do not know what vsa is get your hands on Master the Markets by Ton Williams. Since being guided to this form of trading by my friend and mentor , DR Geppygenius my trading has come on leaps and bounds.

Vsa . or volume spread analysis , is a way to read and understand what the pros are up to.

I am not going to spend a lot of time dedicating posts to all the rules and principles of VSA,...
Kudos to you, bro. Just saw your thread. I had been off ForexFactory for quite a while. Really glad to see your VSA discussions as I have been learning to trade with this for a while too. Still hard for me to grasp consistently. Waiting to learn from my masters here ..
  • #200
  • Jun 18, 2010 6:02am Jun 18, 2010 6:02am
is it posibale creat one skype chat room for this thread then all the trader can communicated in time
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