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vsa with Malcolm

  • #3,041
  • Aug 26, 2010 11:22am Aug 26, 2010 11:22am
sorry, that was an older post i was replying to...i will keep it more current..


Quoting djarum11
hi intel, thanks as always for your great charts

the 'no selling pressure' bar actually closed on its low and was followed by a very small retracement. i think i would have stayed in at that point.

this week has been a killer for me, i have failed to read the conflicting signals of bull-bear market pressure all week. too many pros on holiday? hope you all are doing better than i....
  • #3,042
  • Aug 26, 2010 11:24am Aug 26, 2010 11:24am
lol tom

i took on break back up 1,2700 , but may close this trade as higher time frames 60 min on eu and gu looking pretty bearish

gu has a strong double top 60 min .

gu support 1.5500 , below this 1,5360 is next target
eu still targeting 1.2500 long term

since i spotted this gu and eu this morning longs are scaring the crap out of me to be honest

this bear flag with major selling on all up moves could be the death of eu and start of major move i have been waiting for

Attached Image (click to enlarge)
Click to Enlarge Name: chart2756.png Size: 214 KB





Quoting tfflyer
1) How can EU be in BE if You tooked after 2 bar reversal ? Price hasnt yet touched 1,2700 AFTER 2 bar reversal... or You just tooked on touch 1,2700 ?

2)The same question for GU ??

As soon as i see climatic buying above my potential long setup - i am canceling to take long. Offcourse, not all climatic actions tels me not to take longs, but i am talking about here.

Just interested.

Thanks.

B,
Tom
Blogging daily now at www.volume.zone
  • #3,043
  • Aug 26, 2010 11:34am Aug 26, 2010 11:34am
Quoting malcolmb14
lol tom

i took on break back up 1,2700 , but may close this trade as higher time frames 60 min on eu and gu looking pretty bearish

gu has a strong double top 60 min .

gu support 1.5500 , below this 1,5360 is next target
eu still targeting 1.2500 long term

since i spotted this gu and eu this morning longs are scaring the crap out of me to be honest

this bear flag with major selling on all up moves could be the death of eu and start of major move i have been waiting for

Attachment
If your already in on EU, I wouldn't close just yet. There may still be a few pips to be made over the next couple of hours.
  • #3,044
  • Aug 26, 2010 11:58am Aug 26, 2010 11:58am
would like the opinion of the more experienced here.. thanks
Attached Image (click to enlarge)
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  • #3,045
  • Aug 26, 2010 12:08pm Aug 26, 2010 12:08pm
Quoting djarum11
would like the opinion of the more experienced here.. thanks
I'd be very careful using that as a ND in that situation.
  • #3,046
  • Aug 26, 2010 12:20pm Aug 26, 2010 12:20pm
after studying & practicing VSA for some time now i find i look to 2-candle patterns to see the immediate mkt pressure ('background' is a separate issue). i find that i need 2 candles of the same color in order to find any meaning.

by 'no demand' i know it is not a traditional ND bar, but this is an interpretation that VSA has spawned in me-

1. green pinbar-looking candle: buyers absorbed selling.
2. next similar-looking red candle: no buyers to continue moving price up.
...thus low demand & price will fall further for at least 1 more bar.

this thinking is helping me with scalps but it obviously says nothing about the overall/longer term mkt pressure. i welcome comments...
good trading all



Quoting Intel
I'd be very careful using that as a ND in that situation.
  • #3,047
  • Aug 26, 2010 1:22pm Aug 26, 2010 1:22pm
have a good entry on 56 and two bad ones where i got my confirmation candle... it stalled right after i entered. right now my risk is 110 pips. reward... well could be big. worth the risk at least.

can't remember seeing the market so narrow ranged this last 1 hour. i know time of the day and month don't help but, man, it doesn't move a pip LOL

green pips master!

Quoting malcolmb14
lol tom

i took on break back up 1,2700 , but may close this trade as higher time frames 60 min on eu and gu looking pretty bearish

gu has a strong double top 60 min .

gu support 1.5500 , below this 1,5360 is next target
eu still targeting 1.2500 long term

since i spotted this gu and eu this morning longs are scaring the crap out of me to be honest

this bear flag with major selling on all up moves could be the death of eu and start of major move i have been waiting for

Attachment
dreams do come true.
  • #3,048
  • Aug 26, 2010 1:23pm Aug 26, 2010 1:23pm
aj coming off a very nice double top

buying cliamxs x 2 on 2nd top also have UT

I am expecting that top to hold and see 74 or lower in coming session

out of both eu and gu longs.

Based on 60 min charts , GU 1.6000 holds and eu 1.2750 holds I willl only be looking for sells. Above these levels my view may change.

Attached Image (click to enlarge)
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  • #3,049
  • Aug 26, 2010 1:59pm Aug 26, 2010 1:59pm
Quoting malcolmb14
gu in play 1.5540 entry

eu in play 1,2700 entry ..2 bar reversal set up 10 min

stops 20 pip each to starts , gu moved up already to be

gu maybe t01 40 pip , t02 1.5600
eu 1,2750

not going for big targets
lol ... even the so called pros get it wrong ...

Blogging daily now at www.volume.zone
  • #3,050
  • Aug 26, 2010 2:08pm Aug 26, 2010 2:08pm
Quoting malcolmb14
lol ... even the so called pros get it wrong ...

LOL
bet you didnt lose much tho. Thats the important thing in this game
  • #3,051
  • Aug 26, 2010 2:11pm Aug 26, 2010 2:11pm
Quoting Intel
LOL
bet you didnt lose much tho. Thats the important thing in this game
this is interesting 1.2700 area ,

Attached Image (click to enlarge)
Click to Enlarge Name: chart02 au.jpg Size: 152 KB
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  • #3,052
  • Aug 26, 2010 2:15pm Aug 26, 2010 2:15pm
Quoting malcolmb14
this is interesting 1.2700 area ,

Attachment
It's looking interesting now!!
  • #3,053
  • Aug 26, 2010 2:17pm Aug 26, 2010 2:17pm
Quoting Intel
It's looking interesting now!!
I know i said no longs but ....1.2700 with that volume out of blue was to attractive with 20 pip stop , taken half off , stop be and now looiking for 50 pip other half

may i was not worng after all lol....

asia may end taking this up again .... just to mark it up even higher.

60 min is still a bearish set up and any longs I take will have a very tight stop and small targets
Blogging daily now at www.volume.zone
  • #3,054
  • Aug 26, 2010 2:19pm Aug 26, 2010 2:19pm
Quoting malcolmb14
I know i said no longs but ....1.2700 with that volume out of blue was to attractive with 20 pip stop , taken half off , stop be and now looiking for 50 pip other half

may i was not worng after all lol....
Well, I hate to say I told you so but........
  • #3,055
  • Aug 26, 2010 2:23pm Aug 26, 2010 2:23pm
Its stalling at he 2727 resistance area. M5 has a look of a fake out to it. I'd be moving to BE I think.
  • #3,056
  • Aug 26, 2010 2:23pm Aug 26, 2010 2:23pm
Quoting Intel
Well, I hate to say I told you so but........
watching dj closely tomorrow ( well es) ... we are under 10000 and I am expecting frther weakness ahead.

To be honest ES is way eaiser than fx to trade last 2 to 3 months ( well for me anyway) , markets gap up , sell , gap fills and take it form there , that was my 10 points this morning

prelim gdp is tomorrow ... why do I have the feeling we have 1% only or lower and not even the 1.5% they are suggesting
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  • #3,057
  • Aug 26, 2010 2:25pm Aug 26, 2010 2:25pm
It's trying for ya
  • #3,058
  • Aug 26, 2010 2:28pm Aug 26, 2010 2:28pm
Quoting malcolmb14
watching dj closely tomorrow ( well es) ... we are under 10000 and I am expecting frther weakness ahead.

To be honest ES is way eaiser than fx to trade last 2 to 3 months ( well for me anyway) , markets gap up , sell , gap fills and take it form there , that was my 10 points this morning

prelim gdp is tomorrow ... why do I have the feeling we have 1% only or lower and not even the 1.5% they are suggesting
What do I need in order to trade s+p, e-mini etc? I have only ever traded forex, so clueless to everything else.
  • #3,059
  • Aug 26, 2010 2:31pm Aug 26, 2010 2:31pm
Quoting Intel
What do I need in order to trade s+p, e-mini etc? I have only ever traded forex, so clueless to everything else.

open futures acocunt ...

mf global , Interactive brokers , or in Uki think you can use tradestation ( awesome charting software also for free if you do x amount of trades)

form there it is the same as fx .... vsa , s/r , etc
Blogging daily now at www.volume.zone
  • #3,060
  • Aug 26, 2010 2:35pm Aug 26, 2010 2:35pm
Quoting malcolmb14
open futures acocunt ...

mf global , Interactive brokers , or in Uki think you can use tradestation ( awesome charting software also for free if you do x amount of trades)

form there it is the same as fx .... vsa , s/r , etc
Thabks for that. Might have a look when I get time.

Not much action around the 2727 area. Could drop a bit now, maybe under low volume.
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