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vsa with Malcolm

  • #1,961
  • Aug 6, 2010 8:19am Aug 6, 2010 8:19am
nice week for trading loads of great vsa set ups.

Now if I could just invent a clone of myself and trade the markets frankie open to london close ( live on west coast and have to sleep)

ES has been pretty nice this week , been trading mostly that around the 1120 level and the hours suit me well.

Now es has broken 1110 level 1100 support then 1000 if that breaks

That no demand I posted on es earlier this week may have been top of market
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  • #1,962
  • Aug 6, 2010 8:38am Aug 6, 2010 8:38am
Quoting malcolmb14
nice week for trading loads of great vsa set ups.

Now if I could just invent a clone of myself and trade the markets frankie open to london close ( live on west coast and have to sleep)

ES has been pretty nice this week , been trading mostly that around the 1120 level and the hours suit me well.

Now es has broken 1110 level 1100 support then 1000 if that breaks

That no demand I posted on es earlier this week may have been top of market
how abt having me as the clone?? :-)
  • #1,963
  • Edited 8:51am Aug 6, 2010 8:38am | Edited 8:51am
Quoting malcolmb14
nice week for trading loads of great vsa set ups.

Now if I could just invent a clone of myself and trade the markets frankie open to london close ( live on west coast and have to sleep)

ES has been pretty nice this week , been trading mostly that around the 1120 level and the hours suit me well.

Now es has broken 1110 level 1100 support then 1000 if that breaks

That no demand I posted on es earlier this week may have been top of market
This Week was more than Crazy . Anyways , Football season is almost here and
am Going Tailgating , don't ask me why?

Nice weekend everyone..
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  • #1,964
  • Aug 6, 2010 9:42am Aug 6, 2010 9:42am
Quoting taomql4
This Week was more than Crazy . Anyways , Football season is almost here and
am Going Tailgating , don't ask me why?

Nice weekend everyone..

Damn!
  • #1,965
  • Edited 9:53am Aug 6, 2010 9:52am | Edited 9:53am
Hi Malcolm,

Reference to your post on ES regarding 2 Day No Demand Bar. I have noticed this weekly pattern on Dow. If this pattern plays out we are in for a 2000 to 2300 point drop. A weekly pin is forming at 61.8 Fib.

See attached chart. Would like to know your views on this.

1st chart is from March 2009 till date

2nd chart is from July 2006 till January 2008
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: past.gif Size: 21 KB
The purpose of knowledge is action, not knowledge
  • #1,966
  • Aug 6, 2010 9:53am Aug 6, 2010 9:53am
not sure what to think of this

sure seem heavy supply hitting the market

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  • #1,967
  • Aug 6, 2010 10:23am Aug 6, 2010 10:23am
Quoting malcolmb14
not sure what to think of this

sure seem heavy supply hitting the market

Attachment

Looks more like strength to me, since the following down bar after the climatic action has high volume but the spread of the bar is narrow (squat).

Resistance broken, so I would look to see if it is absorbed properly for a further push up on Monday.
  • #1,968
  • Aug 6, 2010 10:28am Aug 6, 2010 10:28am
Quoting wh1zz0
Looks more like strength to me, since the following down bar after the climatic action has high volume but the spread of the bar is narrow (squat).

Resistance broken, so I would look to see if it is absorbed properly for a further push up.
this is why i said supply hitting the market. I will be looking for a close above 1.6000 next week and moves down being bought , this will give me the 6300 target I was looking for next week

FOMC may be the complete death of the USD ....for eu i am thinking 3500 ish
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  • #1,969
  • Aug 6, 2010 10:31am Aug 6, 2010 10:31am
Ok ended getting around 55pips on the GU, even though it proceeded to go up big again.

Mal i thought of you when watchin CNBC as the news was realeased; when you say you can see it in the charts, you definatly can!!

I was sitting there laughing to myself.

Have a good weekend everyone...hope you all done well!
  • #1,970
  • Aug 6, 2010 10:38am Aug 6, 2010 10:38am
Quoting Tea_trader
Ok ended getting around 55pips on the GU, even though it proceeded to go up big again.

Mal i thought of you when watchin CNBC as the news was realeased; when you say you can see it in the charts, you definatly can!!

I was sitting there laughing to myself.

Have a good weekend everyone...hope you all done well!
Yup!.. Very much so. Everything is on the charts. No need to worry about the numbers, just be aware of the time and the reaction.


Quoting malcolmb14
this is why i said supply hitting the market. I will be looking for a close above 1.6000 next week and moves down being bought , this will give me the 6300 target I was looking for next week

FOMC may be the complete death of the USD ....for eu i am thinking 3500 ish

Nice
  • #1,971
  • Aug 6, 2010 10:57am Aug 6, 2010 10:57am
Quoting malcolmb14
not sure what to think of this

sure seem heavy supply hitting the market

Attachment
Were they pushing thru supply there Mal?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,972
  • Aug 6, 2010 11:02am Aug 6, 2010 11:02am
Quoting HiddenGap
Were they pushing thru supply there Mal?
Think so , but i was hoping for a daily close somewhere in the 1.6000 area.

Major r on weekly 1.5950 zone. Maybe we get a close just above this and this is the lift off pad for next week. For now i am still looking for buy dips to be the safe option on gu and eu
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  • #1,973
  • Aug 6, 2010 11:16am Aug 6, 2010 11:16am
Quoting alifari
Hi Malcolm,

Reference to your post on ES regarding 2 Day No Demand Bar. I have noticed this weekly pattern on Dow. If this pattern plays out we are in for a 2000 to 2300 point drop. A weekly pin is forming at 61.8 Fib.

See attached chart. Would like to know your views on this.

1st chart is from March 2009 till date

2nd chart is from July 2006 till January 2008
I agree ... I mean what have we been rising on ...earnings that are past data ( last quarter ) an not current. also expectations were crazy low. Some companies expected to earn less than my sons weekly allowance lol ... and when they made $20 for the 1/4 they shot up

I think the real data , housing and employment figures will be looked at , also we have to study the retial sector. I think most large retialers downgraded outlooks moving forward as consumers are spending less.

I will look over the weekly charts es and dj this weekend. Today i bought some october puts on CAT 72.5
Blogging daily now at www.volume.zone
  • #1,974
  • Aug 6, 2010 11:22am Aug 6, 2010 11:22am
you people have any ideas on gbp/jpy or gaps for next week?
  • #1,975
  • Aug 6, 2010 11:23am Aug 6, 2010 11:23am
weekly dj , confirmed on esignal

ut on low vol.... with bear div last 3 weeks

suggests get the hell out of longs and look to get into some put plays

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  • #1,976
  • Aug 6, 2010 11:26am Aug 6, 2010 11:26am
Quoting gotpips92
you people have any ideas on gbp/jpy or gaps for next week?

unless you are in a trade and worried about it I would stay out of the market till it gets going.

Every day there is about 140 pip movement on the majors , why try and guess a gap on a weekend when you have at least 800 pips of movement on a pair during normal trading hours in a week.

Just my thoughts.

However if you must trade something aj is a likely suspect for drop to 77 ...
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  • #1,977
  • Aug 6, 2010 11:28am Aug 6, 2010 11:28am
Quoting malcolmb14
unless you are in a trade and worried about it I would stay out of the market till it gets going.

Every day there is about 140 pip movement on the majors , why try and guess a gap on a weekend when you have at least 800 pips of movement on a pair during normal trading hours in a week.

Just my thoughts.

However if you must trade something aj is a likely suspect for drop to 77 ...
Alright. Thanks for the advice
  • #1,978
  • Aug 6, 2010 11:32am Aug 6, 2010 11:32am
Quoting gotpips92
Alright. Thanks for the advice

learnt the hard way on this one. ... tried guessing gap , lost more than i won .

here is aj chart ... not a vsa set up but i am using the low volume ut on dj as basis for this ...75 target if that channel line breaks to the down side and assuming correlation and BOJ do not intervene with uj until it gets down to 80 ish

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  • #1,979
  • Edited 11:46am Aug 6, 2010 11:32am | Edited 11:46am
Quoting wh1zz0
Looks more like strength to me, since the following down bar after the climatic action has high volume but the spread of the bar is narrow (squat).

Resistance broken, so I would look to see if it is absorbed properly for a further push up on Monday.
can u guys explain why you think this is strength?
If there is a bunch of selling on high volume then that may be that the pros are selling...
O is it that they are the ones buying against the selling? Wouldnt that be 2 expensive for them?
Or is it that high volume broke the resistance?
Im new to vsa so i dont really know.
great thread.
Thx mal
Icy trader = cold hearted trades. no emotion whatsoever. Below zero.
  • #1,980
  • Aug 6, 2010 11:52am Aug 6, 2010 11:52am
Quoting Icytrader
can u guys explain why you think this is strength?
If there is a bunch of selling on high volume then that may be that the pros are selling...
O is it that they are the ones buying against the selling? Wouldnt that be 2 expensive for them?
Or is it that high volume broke the resistance?
Im new to vsa so i dont really know.
great thread.
Thx mal
We always have to wait for reaction to the high volume bars , there is a major level of resistance overhead and in order for the bulls to make progress they will have to absrob alot of selling.

The best situation here is to see the ultra high volume , a retrace of some kind , then low volume test then up move ...
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