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vsa with Malcolm

  • #1,001
  • Jul 6, 2010 1:08pm Jul 6, 2010 1:08pm
Quoting Momomoney
Good Morning Intel,

The daily high on May 21st was 1.2672 so I was thinking a stop above that would be reasonable for myself when I do go short. However, I am still waiting for some more confirmations prior to shorting EU right now.

Thanks!

Mo.
Hi Mo,

I'm at work now and have no access to charts but from memory, when the possible short setup was forming, we were just waiting for price to break the low of a ND which was at 2633.

The fugure for the SL is derived from the UT style bar a few bars before the ND. 2660 was a pip or 2 above this bars high. If price had broken that level, you can be sure we'd gotten something wrong with our setup recognition.

I think we were looking at the M15 chart if you want to take a look, I dont think the trade was triggered.

It would be great if someone could post an EU M15 chart.
  • #1,002
  • Jul 6, 2010 1:12pm Jul 6, 2010 1:12pm
still not good at the method, but. here we go. upthrust down arrow , x mark is higher vol but did not go anywhere(more narrow range) than the bar 2 bars back, which is effort to rise? then up arrow was the no demand.
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  • #1,003
  • Jul 6, 2010 2:04pm Jul 6, 2010 2:04pm
Quoting Intel
Hi Mo,

I'm at work now and have no access to charts but from memory, when the possible short setup was forming, we were just waiting for price to break the low of a ND which was at 2633.

The fugure for the SL is derived from the UT style bar a few bars before the ND. 2660 was a pip or 2 above this bars high. If price had broken that level, you can be sure we'd gotten something wrong with our setup recognition.

I think we were looking at the M15 chart if you want to take a look, I dont think the trade was triggered.

It would be great if...
Good luck everyone-- done for the day
Attached Image (click to enlarge)
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  • #1,004
  • Jul 6, 2010 2:32pm Jul 6, 2010 2:32pm
sorry not been around today Summer is here at last in Vancouver and trying to cram as much in in the morning so i can get to go play on the boat in the afternoon

Here is a perfect trade on es today for almost 25 points

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #1,005
  • Jul 6, 2010 2:33pm Jul 6, 2010 2:33pm
for those playing eu try gu instead .. It seems that from PA up moves are getting sold into alot heavier than they are on EU ...
Blogging daily now at www.volume.zone
  • #1,006
  • Jul 6, 2010 2:36pm Jul 6, 2010 2:36pm
Quoting malcolmb14
sorry not been around today Summer is here at last in Vancouver and trying to cram as much in in the morning so i can get to go play on the boat in the afternoon

Here is a perfect trade on es today for almost 25 points

Attachment
What have you done to your charts.... I can barely read them!
  • #1,007
  • Jul 6, 2010 2:43pm Jul 6, 2010 2:43pm
Quoting RaverStyleTim2
still not good at the method, but. here we go. upthrust down arrow , x mark is higher vol but did not go anywhere(more narrow range) than the bar 2 bars back, which is effort to rise? then up arrow was the no demand.
Looks ok to me.

The wide spread down bar which broke your ND is a selling pressure bar used to lock in the weak holders. There was a little ship jumping going on then another solid down move.

There were2 further shorting entries if you felt you wanted to. 1 on the second doji and another on the ND I've marked.

There is another valid short entry point. Can you see it?
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  • #1,008
  • Jul 6, 2010 2:58pm Jul 6, 2010 2:58pm
i do not, sorry lol.
  • #1,009
  • Jul 6, 2010 3:05pm Jul 6, 2010 3:05pm
Quoting RaverStyleTim2
i do not, sorry lol.
The last up bar on your chart is a weak bar. There is some support here just look to the left to see why. But I would expect a small retrace then further down moves.

The entry could be on the low break with SL 2 or 3 pips above the top of this up bar. Thats not much room for manouevre but, if PA goes above this point it will probably go sideways for a while before making its mind up. Dont want to risk too much on it.
  • #1,010
  • Jul 6, 2010 3:07pm Jul 6, 2010 3:07pm
Quoting Intel
The last up bar on your chart is a weak bar. There is some support here just look to the left to see why. But I would expect a small retrace then further down moves.

The entry could be on the low break with SL 2 or 3 pips above the top of this up bar. Thats not much room for manouevre but, if PA goes above this point it will probably go sideways for a while before making its mind up. Dont want to risk too much on it.
For those who like patterns, isn't this a head and shoulders? There's a formula for working out the expected down move from a H&S....b*ggered if I know it tho
  • #1,011
  • Jul 6, 2010 3:30pm Jul 6, 2010 3:30pm
Quoting malcolmb14
sorry not been around today Summer is here at last in Vancouver and trying to cram as much in in the morning so i can get to go play on the boat in the afternoon

Here is a perfect trade on es today for almost 25 points

Attachment
Vancouver........sunshine........boats..........I don't know how you cope with all the pressure
  • #1,012
  • Jul 6, 2010 3:45pm Jul 6, 2010 3:45pm
i want gu fall down like an apple to the 1,48...
  • #1,013
  • Jul 6, 2010 4:28pm Jul 6, 2010 4:28pm
Quoting bruceli
i want gu fall down like an apple to the 1,48...
I want a boat!!!!
  • #1,014
  • Jul 6, 2010 4:36pm Jul 6, 2010 4:36pm
Would someone please post a couple of charts please

GU M15

EU M15

AJ H1

All to show at least from about the last 7 hours.

Many thanks in advance
  • #1,015
  • Jul 6, 2010 4:44pm Jul 6, 2010 4:44pm
Here intel. ibfx
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  • #1,016
  • Jul 6, 2010 4:52pm Jul 6, 2010 4:52pm
on AJ 1h, close to a short?
  • #1,017
  • Jul 6, 2010 5:07pm Jul 6, 2010 5:07pm
Quoting RaverStyleTim2
on AJ 1h, close to a short?
Not sure. There is weakness in the background but then we get that down bar on massive volume which contained buyers. Yet the 2nd last up bar is on almost no volume.

It could just be due to the resistance area to the left. We should look for good quality UT and ND.

It would be great if you'd post updates.
  • #1,018
  • Jul 6, 2010 5:11pm Jul 6, 2010 5:11pm
EU looks promising tho.

Price drifting up on reducing volume(could just be the time of day!)

The last bar looks like an UT forming on higher volume.

Keep an eye on this one.
  • #1,019
  • Jul 6, 2010 5:35pm Jul 6, 2010 5:35pm
Quoting RaverStyleTim2
Here intel. ibfx
Why do you have candles missing from your charts?
  • #1,020
  • Jul 6, 2010 5:37pm Jul 6, 2010 5:37pm
Sorry Tim, should have thanked you for posting the charts......

Thanks
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