vsa with Malcolm

Quoting malcolmb14

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back to reality after a wonderful week of boating / fishing and beach in the Interior of BC

Here is the es chart , awesome no demand bar right where we would expect it at 1100 r level , sent market sideways.

Fridays bar on highish vol closing on lows is bearish , however friday was options expiry and based on the recent trend from 1000 there may have been several calls that were exercised , so waiting for Monday to confirm fridays down day . If in fact we are setting up in a channel 1056 is major support , then 1050 , then 1040

the down move...

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Quoting malcolmb14

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back to reality after a wonderful week of boating / fishing and beach in the Interior of BC

Here is the es chart , awesome no demand bar right where we would expect it at 1100 r level , sent market sideways.

Fridays bar on highish vol closing on lows is bearish , however friday was options expiry and based on the recent trend from 1000 there may have been several calls that were exercised , so waiting for Monday to confirm fridays down day . If in fact we are setting up in a channel 1056 is major support , then 1050 , then 1040

the down move...

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Quoting HiddenGap

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Actually, the range on that particular squat is less than the previous 3 candles. Thus it is a NR4. Like volume, we use RELATIVE comparisons with range.

And doji is a Japanese candlestick term that means open is equal to the close. While it is true that some of the "best" No Demands/No Supplys, Tests, or Squats bars/candles will be dojis, being a doji is not part of the definition.

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Quoting malcolmb14

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back to reality after a wonderful week of boating / fishing and beach in the Interior of BC

Here is the es chart , awesome no demand bar right where we would expect it at 1100 r level , sent market sideways.

Fridays bar on highish vol closing on lows is bearish , however friday was options expiry and based on the recent trend from 1000 there may have been several calls that were exercised , so waiting for Monday to confirm fridays down day . If in fact we are setting up in a channel 1056 is major support , then 1050 , then 1040

the down move...

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Quoting malcolmb14

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while what you saw was right in some regards you can see this a lot better on the 30 min...

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Quoting Allseeingeye

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check this trade out Mr Mal I think you will SALIVATE!

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Quoting Allseeingeye

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Oh im sorry I assumed that you knew patterns. This is called an Inverted Head & Shoulder patter, sometimes I just figure everone knows patterns. Its target is around 1.05-1.07 area. I entered on Sunday but the Safe entry would be retest of the Neckline after its been broken to the upside! Plus 4 hr has Bullish Falling Wedge Pattern!

VSA Might be good but Patterns are GRRRREAT! Ask Toni the Tiger!

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Quoting Allseeingeye

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I Know most Traders have Huge EGOS but don't you think before you comment & laugh at others you at least LOOK at their charts! The wedge by the way is on a 4hr chart plus 2 weeks ago you were all gun hoe about a 1000 pip drop on GU & I told you we were going up to 1.55 before any drop & it wont be 1000 pips, you laughed at me again i take it you are a very Jolly fellow who likes to laugh at others without them laughing at you, I didn't expect that from someone who has that many posts but I guess we learn new things every day.

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Quoting Allseeingeye

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I Know most Traders have Huge EGOS but don't you think before you comment & laugh at others you at least LOOK at their charts! The wedge by the way is on a 4hr chart plus 2 weeks ago you were all gun hoe about a 1000 pip drop on GU & I told you we were going up to 1.55 before any drop & it wont be 1000 pips, you laughed at me again i take it you are a very Jolly fellow who likes to laugh at others without them laughing at you, I didn't expect that from someone who has that many posts but I guess we learn new things every day.

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Quoting malcolmb14

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please do not get me wrong . i was not laughing at your post.

I have noticed the strong support we are on and we may well take off form this level as you say , particularly as the BOJ did intervene at these levels back in 2008 . For me i would prefer to get back above the 88 resistance level that is currently overhead and then look for test on low volume as the daily trend turns to up.

I was just noting that we may get one more shake out down into the 85 area , which is also the head of your inverted h and s. Possible of course and would provide...

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Quoting Bethel

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hi malc, do u think its a potential long on GU 15min?
cheers,
bethel

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Quoting malcolmb14

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gu 60 min seems we have stopping volume that has sent market sideways. This could send gu up during London , look for any shakeouts or test to confirm the possible strength

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Quoting steroidman

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Bought GBP/USD at 1.5216, following similarly inclined brethren.

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