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vsa with Malcolm

  • #1,041
  • Jul 6, 2010 10:46pm Jul 6, 2010 10:46pm
I haven't seen this posted on either of the VSA Threads.. an interesting read on the history of VSA along with a view on the the skills and attributes needed to trade it today...

http://www.traders.com/Reprints/PDF_.../GG_PRUDEN.PDF
  • #1,042
  • Edited 2:00am Jul 7, 2010 1:59am | Edited 2:00am
@15 min, as if dips are bought...

do you think so ?

cheers..
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  • #1,043
  • Jul 7, 2010 2:21am Jul 7, 2010 2:21am
There's support around 1.5090 but it still looks weak to me. Be surprised if it doesn't clear it but you never know....
  • #1,044
  • Jul 7, 2010 2:31am Jul 7, 2010 2:31am
Quoting Ronlizard
There's support around 1.5090 but it still looks weak to me. Be surprised if it doesn't clear it but you never know....
in the long term, in my opinion, background is so weak... however, on daily basis we may have an up day again before tomorrow.. 8 red datas...


Halifax HPI m/m

Manufacturing Production m/m

Asset Purchase Facility

MPC Rate Statement

Official Bank Rate

Minimum Bid Rate

ECB Press Conference

Unemployment Claims

stormy day might be tomorrow
  • #1,045
  • Jul 7, 2010 2:36am Jul 7, 2010 2:36am
possible double top patern if break below 1.5090.
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  • #1,046
  • Jul 7, 2010 2:52am Jul 7, 2010 2:52am
Quoting Ronlizard
There's support around 1.5090 but it still looks weak to me. Be surprised if it doesn't clear it but you never know....
I think I'll give up making predictions.
  • #1,047
  • Jul 7, 2010 3:17am Jul 7, 2010 3:17am
Quoting Ronlizard
I think I'll give up making predictions.
i am like you ronlizard.. without understanding it well, it can be generally disastarous...
  • #1,048
  • Jul 7, 2010 3:30am Jul 7, 2010 3:30am
It's clear enough what happened. It bounced off support from Monday at 5086. It's just about to test it again.
  • #1,049
  • Jul 7, 2010 3:52am Jul 7, 2010 3:52am
Quoting Ronlizard
It's clear enough what happened. It bounced off support from Monday at 5086. It's just about to test it again.
what do you think ? are we going to down or up ? as if i ve seen some volume here, it could be a sign of strength... but, below this level is very dangerous... beyond this level we are just at the end of 200-250 pip up move of last thursday i think.

i am hesitating whether we ve some strength here... we need here test i think ? failed or succesful.. and we are in test area as you said. i think this level today will la good resistance for a down move, and we may have up day today..

we ll see...

cheers...

another note, if we would have an up day, in addition to test, stop losses should be cacthed.. at least yesterday lows should be penetrated i think, an so far, such action has not been taken yet.. we ve just toucdhed it but not gone beyond it with rational distance to take stopp losses..
  • #1,050
  • Jul 7, 2010 3:56am Jul 7, 2010 3:56am
.5090 is defended by buy orders but there is heavy effort to clear it away...
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  • #1,051
  • Jul 7, 2010 4:10am Jul 7, 2010 4:10am
sometimes, we ve seen very very dramatic mark downs, lets say at hourly bar, it can reach 100 pips per bar... and it continues with 3-4 bars ...

how it can be ?
  • #1,052
  • Edited 4:21am Jul 7, 2010 4:21am | Edited 4:21am
Quoting bruceli
sometimes, we ve seen very very dramatic mark downs, lets say at hourly bar, it can reach 100 pips per bar... and it continues with 3-4 bars ...

how it can be ?
Important news items. Changes in a country's credit rating. Can be a few things. The day it was confirmed UK was in recession GBPUSD went down about 400 pips in a few hours. Can just be overall sentiment though - these things sometimes seem to gather a momentum of their own. I don't know whether some of it is down to computerised orders being triggered.
  • #1,053
  • Jul 7, 2010 4:32am Jul 7, 2010 4:32am
should i say hourly have interested dm as this chart, and should waiting for hma to trune green for long? macl or any one please comment
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  • #1,054
  • Jul 7, 2010 4:41am Jul 7, 2010 4:41am
from my point its simple. supply vs. demand. If supply enters market and there is no demand, price fall while demand enter the market. If its huge supply then equal demand is needed to stop sliding lower.if there is lack of demand, price can fall "dramaticaly". Sometimes price fall coz not heavy selling, but is no demand on the market.
  • #1,055
  • Jul 7, 2010 5:16am Jul 7, 2010 5:16am
on 15m EU?

waiting for no demand to get in long.

seems to me some acumulation on the way down...

hapipipin to u all
dreams do come true.
  • #1,056
  • Jul 7, 2010 5:23am Jul 7, 2010 5:23am
You want no supply for long, not no demand.
  • #1,057
  • Jul 7, 2010 5:24am Jul 7, 2010 5:24am
Quoting lower
from my point its simple. supply vs. demand. If supply enters market and there is no demand, price fall while demand enter the market. If its huge supply then equal demand is needed to stop sliding lower.if there is lack of demand, price can fall "dramaticaly". Sometimes price fall coz not heavy selling, but is no demand on the market.
or price is not supported by smart money, as it seems so far.. no any mark up yet..
  • #1,058
  • Jul 7, 2010 5:29am Jul 7, 2010 5:29am
that's what i meant...

Quoting Ronlizard
You want no supply for long, not no demand.
dreams do come true.
  • #1,059
  • Jul 7, 2010 5:56am Jul 7, 2010 5:56am
Quoting bruceli
or price is not supported by smart money, as it seems so far.. no any mark up yet..

All actions on FX market are from SM (80-90% of moves/volatility). We can talk about actions which are SM actions (generaly, expect some days, when the market is thin-no volume).

Edit: Maybe not actions/moves but volume is in 80-90% the volume of SM operations.
  • #1,060
  • Jul 7, 2010 6:12am Jul 7, 2010 6:12am
Quoting lower
All actions on FX market are from SM (80-90% of moves/volatility). We can talk about actions which are SM actions (generaly, expect some days, when the market is thin-no volume).

Edit: Maybe not actions/moves but volume is in 80-90% the volume of SM operations.
or, today's smart money action is like this.. all day they are marking up the price in a channel slowly... we probably see the yesterdays high at the end of day ...

then, in the early stages of the sessions, at lows with high volumes supported today's strength... at least, this increase says it...

besides, if sm wanna mark down prices, and as you told before, if there is very heavy selling pressure by public , they can manage by this way, slow increases all day... people gonna fed up

so, they do not have to mark up prices so fastly, everythig for tomorrow..

sorry if i have very silly ideas..

cheers..
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