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vsa with Malcolm

  • #541
  • Jun 25, 2010 2:56am Jun 25, 2010 2:56am
You still awake Malcolm......GO TO BED
  • #542
  • Jun 25, 2010 2:57am Jun 25, 2010 2:57am
Quoting Momomoney
Please elaborate....I don't understand why. Thanks in advance!
left side of charts
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  • #543
  • Jun 25, 2010 3:03am Jun 25, 2010 3:03am
buyers wait near 1.49, hope supply overcome demand and we can see lower levels. Next demand acc my chart @1.4850.Price action shows us.

Good trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: temp2.gif Size: 37 KB
  • #544
  • Jun 25, 2010 3:05am Jun 25, 2010 3:05am
something odd going on in markets.

not sure what they are waiting for but seems to be something.

It appears buyers came in and gu and eu with stopping vol on 15 min then as soon as they arrived they all vanished
Blogging daily now at www.volume.zone
  • #545
  • Jun 25, 2010 3:05am Jun 25, 2010 3:05am
Quoting Momomoney
So, is it fair to say buyers have stepped in on the test of 1.4915 a few minutes ago on account of decent volume? Is it too quick to conclude that?

P.S. I will post a chart as soon as I can figure out how to capture a screen shot. Rookie problems, I know...
GU M5

Thats right buyers are there.

The bar before is a wide spread down bar closing off the low on very high volume(possible demand here)

Then 'your' bar which is a shake out

You are looking for a succesful test of that area for a long entry but, I wouldn't enter without it in this case.
  • #546
  • Jun 25, 2010 3:12am Jun 25, 2010 3:12am
Quoting malcolmb14
something odd going on in markets.

not sure what they are waiting for but seems to be something.

It appears buyers came in and gu and eu with stopping vol on 15 min then as soon as they arrived they all vanished
I agree, no follow through.

In fact on the chart I posted above, after demand enters, we get an immediate mini reversal!

Forming into a possible test of buying level at the moment tho.....wait and see.
  • #547
  • Jun 25, 2010 3:16am Jun 25, 2010 3:16am
Quoting Intel
I agree, no follow through.

In fact on the chart I posted above, after demand enters, we get an immediate mini reversal!

Forming into a possible test of buying level at the moment tho.....wait and see.

i am off to bed .. so market will now move big time lol ..

I am back in 5 hours .. market will be dead then ....

aj sell 77.40 based on supply coming in 15 min
Blogging daily now at www.volume.zone
  • #548
  • Jun 25, 2010 3:21am Jun 25, 2010 3:21am
GU is under heavy selling pressure right now.Seems GU bears overcome all demand.Or maybe very heavy shakeout (stops hunting). But then will be huge rally... lets see
  • #549
  • Jun 25, 2010 3:24am Jun 25, 2010 3:24am
GU 5min

There were still sellers around 4930. That uhigh down bar was selling, because the next bar closed lower (2min tf), so this means there are still sellers around, right?


Regards
  • #550
  • Jun 25, 2010 3:30am Jun 25, 2010 3:30am
Have you noticed?

The Frankfurt open allways sets up a playing field for London. Frankfurt drove price up and when London opened they received the message and price went down...hmm...
  • #551
  • Jun 25, 2010 3:34am Jun 25, 2010 3:34am
Quoting Momomoney
Please elaborate....I don't understand why. Thanks in advance!
Look to the background.

On the first chart we have a good up move with stopping volume to end the up move.
It then drifts sideways for a while and then downwards.
But, we then get a sign of strength in a bar with possible strength entering.

On the second chart we have something similar but WITHOUT the signs of possible strength. Also the bar after the test is a ND. These things together mean the up move will probably be brief and we should take care when entering long.

Subtle differences but different non the less.

The first set up yielded 100+ pips the second 27.
  • #552
  • Jun 25, 2010 3:38am Jun 25, 2010 3:38am
Quoting toob
Have you noticed?

The Frankfurt open allways sets up a playing field for London. Frankfurt drove price up and when London opened they received the message and price went down...hmm...
This is common. Its known as the 'Frankie Fake Out' it happens about 7/8 times out of 10.

It's tradable with careful MM. Wait for the FO bar to finish and trade the opposite direction for 50 pips TP and 50 pips SL.

Check it out and see.
  • #553
  • Jun 25, 2010 3:39am Jun 25, 2010 3:39am
Quoting malcolmb14
i am off to bed .. so market will now move big time lol ..

I am back in 5 hours .. market will be dead then ....

aj sell 77.40 based on supply coming in 15 min

Nighty night
  • #554
  • Jun 25, 2010 3:42am Jun 25, 2010 3:42am
Quoting Intel
This is common. Its known as the 'Frankie Fake Out' it happens about 7/8 times out of 10.

It's tradable with careful MM. Wait for the FO bar to finish and trade the opposite direction for 50 pips TP and 50 pips SL.

Check it out and see.

hmm..didn't know till now...VSA really does make it clear.


Regards
  • #555
  • Jun 25, 2010 3:59am Jun 25, 2010 3:59am
Quoting toob
Have you noticed?

The Frankfurt open allways sets up a playing field for London. Frankfurt drove price up and when London opened they received the message and price went down...hmm...
Take care taking any trade in first 15 mins of frankies Hour.
  • #556
  • Jun 25, 2010 4:00am Jun 25, 2010 4:00am
Quoting Intel
This is common. Its known as the 'Frankie Fake Out' it happens about 7/8 times out of 10.

It's tradable with careful MM. Wait for the FO bar to finish and trade the opposite direction for 50 pips TP and 50 pips SL.

Check it out and see.
Yes FH range often 40-60 pips, nice intel Intel.
  • #557
  • Jun 25, 2010 5:14am Jun 25, 2010 5:14am
GU entering high demand zone @1.4850-1.4870. Look for buyers.Potential retrace from here. Possible test of R level @1.4900-1.4910, where 50Fib level of latest fall.


Edit: out with +89
Attached Image (click to enlarge)
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  • #558
  • Jun 25, 2010 5:18am Jun 25, 2010 5:18am
Buying climax on 5 min chart with next candle close above prev.open.
  • #559
  • Jun 25, 2010 6:46am Jun 25, 2010 6:46am
[quote=malcolmb14;3829129]do not waste your time ..... there will always be one doubter

I am no doubter, just saying that if you cannot trade without volume you won't be anymore profitable with it. That's all, I am not a newb and I trade for a living so don't be fooled price is everything. Just a comment.
E
  • #560
  • Jun 25, 2010 7:58am Jun 25, 2010 7:58am
[quote=Estero;3829922]
Quoting malcolmb14
do not waste your time ..... there will always be one doubter

I am no doubter, just saying that if you cannot trade without volume you won't be anymore profitable with it. That's all, I am not a newb and I trade for a living so don't be fooled price is everything. Just a comment.
E
as i said do not spout shit when you do not know what you are talking about . what drives price ? fresh air ?

In fact why bother posting at all in here other than to make stupid comments. You must be bored.
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