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vsa with Malcolm

  • #481
  • Jun 24, 2010 7:55am Jun 24, 2010 7:55am
EU M30

A quick chart while its happening.

2nd shakeout at the same price but lower interest means an up moveto come.

Look for NS/test for entry or more aggresive entry on break of the high of the 2nd shake out.
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  • #482
  • Jun 24, 2010 8:37am Jun 24, 2010 8:37am
I have been attempting to apply all that I have learned in the VSA forum and suggested books and have to admit: I am very perplexed by how to analyze the GBPUSD cross today.

I waited for the 15 minute HULL MA to roll over. Price action action after that confirmed that 1.5000 was the resistance and it rolled over again. Now as we approach 1.5000 again, volumes are significantly lower at this price level.

Since the pros like to sell weakness and considering the low supply here, do we have all the makings of a viable short now?
  • #483
  • Jun 24, 2010 8:51am Jun 24, 2010 8:51am
Gu looks exhausted right now. on the 30 time frame i saw 3 increasing volume bars with no result to the upside followed by a low volume up bar. This could be a sign of weakness
  • #484
  • Jun 24, 2010 9:53am Jun 24, 2010 9:53am
Agree weakness appears, but for me, SHORT only when the price consistently below London Open around 1.4950~1.4960, and below HMA lines of H1, M30 and M15.

Quoting scotie pipen
Gu looks exhausted right now. on the 30 time frame i saw 3 increasing volume bars with no result to the upside followed by a low volume up bar. This could be a sign of weakness
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  • #485
  • Jun 24, 2010 10:05am Jun 24, 2010 10:05am
Like a Pimp holding on to his Last Hooker , sellers @ EU .2301 will
not capitulate..will see if we get a low volume test Or the whole thing
falls apart..
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  • #486
  • Jun 24, 2010 10:20am Jun 24, 2010 10:20am
Quoting Momomoney
I have been attempting to apply all that I have learned in the VSA forum and suggested books and have to admit: I am very perplexed by how to analyze the GBPUSD cross today.

I waited for the 15 minute HULL MA to roll over. Price action action after that confirmed that 1.5000 was the resistance and it rolled over again. Now as we approach 1.5000 again, volumes are significantly lower at this price level.

Since the pros like to sell weakness and considering the low supply here, do we have all the makings of a viable short now?
Not on GU , but i think you are having Tunnel vision - step back alittle , and trying to understand STORY (of the currency). If you don't get it , throw it over your shoulders and pick up another -ask malcolm , he does it
all the time--hehe..

LIke the EU , i just posted--STORY--they are trying to BUY 4 hr climax , but sellers @2301 are not fully absorbed Yet , so go tto 1 hr/30 min and wait for
successful test at or around 2301..yeah wait for HULL too
  • #487
  • Edited 10:32am Jun 24, 2010 10:29am | Edited 10:32am
Quoting taomql4
Like a Pimp holding on to his Last Hooker , sellers @ EU .2301 will
not capitulate..will see if we get a low volume test Or the whole thing
falls apart..
EU M15

2 Shake out style bars with the 2nd on less volume. Should be ok to go up a little in the next few bars.
  • #488
  • Jun 24, 2010 10:32am Jun 24, 2010 10:32am
Cool, you bought eur/usd at the bottom... How could you do that?

Quoting taomql4
Like a Pimp holding on to his Last Hooker , sellers @ EU .2301 will
not capitulate..will see if we get a low volume test Or the whole thing
falls apart..
  • #489
  • Jun 24, 2010 10:37am Jun 24, 2010 10:37am
Euro test and up
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  • #490
  • Jun 24, 2010 10:38am Jun 24, 2010 10:38am
Quoting Momomoney
I have been attempting to apply all that I have learned in the VSA forum and suggested books and have to admit: I am very perplexed by how to analyze the GBPUSD cross today.

I waited for the 15 minute HULL MA to roll over. Price action action after that confirmed that 1.5000 was the resistance and it rolled over again. Now as we approach 1.5000 again, volumes are significantly lower at this price level.

Since the pros like to sell weakness and considering the low supply here, do we have all the makings of a viable short now?

I was looking at Gu and the sideways move of the last few hours.

This has all the makings of a distribution top that so far has lasted almost 24 hours in a tight range. It is not ready to curl over just yet .

We can see from the attached chart the follow on to my post of yesterday. not sure how long this takes so in the mean time we look for other pairs that are not as congested (au , nu , aj and nj).

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Blogging daily now at www.volume.zone
  • #491
  • Jun 24, 2010 10:39am Jun 24, 2010 10:39am
Quoting Momomoney
I have been attempting to apply all that I have learned in the VSA forum and suggested books and have to admit: I am very perplexed by how to analyze the GBPUSD cross today.

I waited for the 15 minute HULL MA to roll over. Price action action after that confirmed that 1.5000 was the resistance and it rolled over again. Now as we approach 1.5000 again, volumes are significantly lower at this price level.

Since the pros like to sell weakness and considering the low supply here, do we have all the makings of a viable short now?
they like to sell strength buy weakness
Blogging daily now at www.volume.zone
  • #492
  • Jun 24, 2010 10:44am Jun 24, 2010 10:44am
Quoting polomine
Cool, you bought eur/usd at the bottom... How could you do that?
OOH NO--that was a BUY trade i took along time ago--Price action came back to that level==closed out on my FXCM account/platform..but it's interesting to see how price bounce off that BUY level,...

This is a New one---low volume test passed---30 min
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  • #493
  • Jun 24, 2010 10:47am Jun 24, 2010 10:47am
Quoting Intel
EU M15

2 Shake out style bars with the 2nd on less volume. Should be ok to go up a little in the next few bars.
for sure see the shake out bars ... but do not forget that buying climax 1.2335 top

also flip into a 60 min I think you may get a better picture of what is going on here.

the reversal at the bottom good spot to get in

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Blogging daily now at www.volume.zone
  • #494
  • Jun 24, 2010 10:51am Jun 24, 2010 10:51am
es and 10 min my fav time frame

1072 long on stopping vol right at 1070 but may take profit soon

lol nice intel there goes eu

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Blogging daily now at www.volume.zone
  • #495
  • Jun 24, 2010 10:53am Jun 24, 2010 10:53am
and am out on my FXCM account---closed---top of channel

NO greediness here.......
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  • #496
  • Jun 24, 2010 11:03am Jun 24, 2010 11:03am
Quoting malcolmb14
they like to sell strength buy weakness
Right you are, indeed. I was having a senior moment as well as a case of analysis paralysis today.

Finally we are getting some moves here on EU. Can't wait to short this when the stars line up just right. Might be the last trade of the week for me if it happens today.
  • #497
  • Jun 24, 2010 11:12am Jun 24, 2010 11:12am
Quoting taomql4
and am out on my FXCM account---closed---top of channel

NO greediness here.......
Me too. In at 280(2nd shakeout/test) out at 380. Bit twitchy for a while. Moved to BE after the M30 wide spread up bar on high volume!!
  • #498
  • Jun 24, 2010 11:20am Jun 24, 2010 11:20am
OFF TOPIC

If I may Malcolm,

It says we have 44 viewers on the thread of which 17 are members.

Does it mean members of this thread or members of FF?
  • #499
  • Jun 24, 2010 11:20am Jun 24, 2010 11:20am
Quoting Intel
Me too. In at 280(2nd shakeout/test) out at 380. Bit twitchy for a while. Moved to BE after the M30 wide spread up bar on high volume!!
--

That's right--Maybe the POC's up there will hold it up===
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  • #500
  • Jun 24, 2010 11:26am Jun 24, 2010 11:26am
Quoting Intel
It says we have 44 viewers on the thread of which 17 are members.Does it mean members of this thread or members of FF?
They're lurkers, without FF IDs. They tend to be the majority on most valuable threads. Makes you wonder how many are managing real/big money accounts and getting their compass here.
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