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vsa with Malcolm

  • #921
  • Jul 5, 2010 4:08am Jul 5, 2010 4:08am
You just look for the most recent ultra high activity. That gives you the background.


Regards
  • #922
  • Jul 5, 2010 4:14am Jul 5, 2010 4:14am
Possible stopping volume on GU.
  • #923
  • Jul 5, 2010 4:34am Jul 5, 2010 4:34am
Oh b*gger, just woke up to see I missed the action this morning on GU. Nice setup too

Ron is right tho, first signs of revesal on M15.

Lets see.
  • #924
  • Jul 5, 2010 4:40am Jul 5, 2010 4:40am
5128 was previous resistance on 4hr. Might act as support. Have to wait and see.
  • #925
  • Jul 5, 2010 4:57am Jul 5, 2010 4:57am
Move up got hammerered straight back down.
  • #926
  • Jul 5, 2010 5:04am Jul 5, 2010 5:04am
Quoting Intel
Oh b*gger, just woke up to see I missed the action this morning on GU. Nice setup too

Ron is right tho, first signs of revesal on M15.

Lets see.
It looked weak to me too but I wasn't sure when it was going to break.
But....I'm in it - I left for work and set a stop order at 1.5148 entry short.

I actually think stop orders are fantastic - if you're wrong - and it moves the other way... who cares?

f451
  • #927
  • Jul 5, 2010 5:06am Jul 5, 2010 5:06am
attached a chart - it's in play now
Attached Image (click to enlarge)
Click to Enlarge Name: GU-1HR-05-07-2010-short.jpg Size: 161 KB
  • #928
  • Jul 5, 2010 5:09am Jul 5, 2010 5:09am
Quoting f451
It looked weak to me too but I wasn't sure it it was going to break.
But....I'm in it - I left for work and set a stop order at 1.5148 entry short.

I actually think stop orders are fantastic - if you're wrong - and it moves the other way... who cares?

f451
Well done.

I don't like trading when I'm not infront of the computer. Just a personal thing.
  • #929
  • Jul 5, 2010 5:16am Jul 5, 2010 5:16am
Quoting Ronlizard
Move up got hammerered straight back down.
Not much volume tho, could still be on for a reversal/retrace.
  • #930
  • Jul 5, 2010 5:20am Jul 5, 2010 5:20am
Quoting Intel
Not much volume tho, could still be on for a reversal/retrace.
GU M15

We have a possible shake out, wait for conformation.
  • #931
  • Jul 5, 2010 5:22am Jul 5, 2010 5:22am
Quoting Intel
GU M15

We have a possible shake out, wait for conformation.
Price rising sharply but, dont get trigger happy. Wait for vsa to give an entry.
  • #932
  • Jul 5, 2010 5:25am Jul 5, 2010 5:25am
Quoting Intel
Not much volume tho, could still be on for a reversal/retrace.
I agree. I've taken 2/3rd off the table at 30 pips.

For me the challenge is to be in front of the PC while the trade is in progress. I always cut my winners short.
  • #933
  • Jul 5, 2010 5:28am Jul 5, 2010 5:28am
There's not much volume today so far. Anyone know why?

Is it a lack of interest in the down move or some other reason?
  • #934
  • Edited 5:36am Jul 5, 2010 5:30am | Edited 5:36am
Quoting Intel
Price rising sharply but, dont get trigger happy. Wait for vsa to give an entry.
I can feel a test coming .

EDIT :- I was looking at M5 by mistake. Test may come in the next couple of bars on M15
  • #935
  • Jul 5, 2010 5:35am Jul 5, 2010 5:35am
Quoting Intel
There's not much volume today so far. Anyone know why?

Is it a lack of interest in the down move or some other reason?
It's a public holiday in the US and Canada. It does seem to have an inhibiting effect on vols even in the European session.
  • #936
  • Jul 5, 2010 5:35am Jul 5, 2010 5:35am
US is on a long weekend check calendar
  • #937
  • Jul 5, 2010 5:38am Jul 5, 2010 5:38am
Quoting Ronlizard
It's a public holiday in the US and Canada. It does seem to have an inhibiting effect on vols even in the European session.
Ahhh, I see.

Thanks both.

A tip for all......don't ever ask me what important things are going on in the trading world cos I don't know diddly

Just trade what I see in front of me!
  • #938
  • Jul 5, 2010 5:40am Jul 5, 2010 5:40am
Quoting Intel
I can feel a test coming...Test may come in the next couple of bars on M15
r u waiting for the test bar to appear and go short? (the H1 is in uptrend)
  • #939
  • Jul 5, 2010 5:51am Jul 5, 2010 5:51am
Quoting mud3210
r u waiting for the test bar to appear and go short? (the H1 is in uptrend)
At the moment we don't know whether we are in a retrace or a reversal.

I'm waiting for a test to let me know which. If the test is successful it will be a reversal and I will enter long. If it fails, I will wait to see what happens ie 2nd test.

EDIT :- of course we may not get a test at all, price may just fall. Then we would know we were in a retrace.
  • #940
  • Jul 5, 2010 6:02am Jul 5, 2010 6:02am
Quoting Intel
At the moment we don't know whether we are in a retrace or a reversal.

I'm waiting for a test to let me know which. If the test is successful it will be a reversal and I will enter long. If it fails, I will wait to see what happens ie 2nd test.

EDIT :- of course we may not get a test at all, price may just fall. Then we would know we were in a retrace.
Just a bit too much supply present. The test bar had a little too wide a spread and just too much volume.

I would expect to see an up bar or 2 then we may test again.

Wait and see.
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