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vsa with Malcolm

  • #3,841
  • Sep 14, 2010 1:28am Sep 14, 2010 1:28am
If gu breaks above 1.5470-85 area then its a buy possibly to 1.59

clearer on H4

already in


Attached Image (click to enlarge)
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Mind over matter..I don't mind and you don't matter.
  • #3,842
  • Sep 14, 2010 1:40am Sep 14, 2010 1:40am
Quoting Sonny1
the one that's breaking through the resistance area. high churn (red) volume bar. You're right Intel, probably overstated the Ultra part
I think so but, you're right about the volumes being different.
  • #3,843
  • Sep 14, 2010 1:58am Sep 14, 2010 1:58am
Quoting Intel
GU

Update
Not quite sure what to make of this, anyone got any ideas?
Attached Image (click to enlarge)
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  • #3,844
  • Sep 14, 2010 1:59am Sep 14, 2010 1:59am
5M ND --- short on GBP (1.5427) and EUR (1.2889). Could have been too impatient, we'll see how it goes...
  • #3,845
  • Sep 14, 2010 2:03am Sep 14, 2010 2:03am
Quoting Sonny1
5M ND --- short on GBP (1.5427) and EUR (1.2889). Could have been too impatient, we'll see how it goes...
You've shorted on a GU M15 'no selling pressure'.
  • #3,846
  • Sep 14, 2010 2:06am Sep 14, 2010 2:06am
Quoting Sonny1
5M ND --- short on GBP (1.5427) and EUR (1.2889). Could have been too impatient, we'll see how it goes...

I ain't no VSA master and could be wrong but background looks like full of buyers loading up


.
Mind over matter..I don't mind and you don't matter.
  • #3,847
  • Sep 14, 2010 2:07am Sep 14, 2010 2:07am
Quoting Intel
You've shorted on a GU M15 'no selling pressure'.
what's the no selling pressure bro? Can you show us on the chart, I want to learn it

crazy PA, dont know what to make of it yet....
  • #3,848
  • Sep 14, 2010 2:11am Sep 14, 2010 2:11am
Quoting Sonny1
crazy PA, dont know what to make of it yet....
EU M30

I dont suspect price will drop too much below the support area at 2850. Much care should be taken at that price level. Dont forget you good trade management.

EDIT:- but then you know what my predictions are like
  • #3,849
  • Sep 14, 2010 2:17am Sep 14, 2010 2:17am
Quoting Intel
EU M30

I dont suspect price will drop too much below the support area at 2850. Much care should be taken at that price level. Dont forget you good trade management.

EDIT:- but then you know what my predictions are like
Its looking ok so far.. the M15 and M30's are showing weakness. Will close half positions once first clear signs of strength come in
  • #3,850
  • Sep 14, 2010 2:22am Sep 14, 2010 2:22am
Oh cr*p, just noticed all the news events today. That explains a few things.
  • #3,851
  • Sep 14, 2010 2:29am Sep 14, 2010 2:29am
Quoting Sonny1
Its looking ok so far.. the M15 and M30's are showing weakness. Will close half positions once first clear signs of strength come in
EU

Could be absorbtion. Dont get trigger happy.
  • #3,852
  • Edited 2:43am Sep 14, 2010 2:33am | Edited 2:43am
Oh come on, accumulation on pound? i mean it;s possible but given todays inflation figures highly doubtful in my view. INflation in UK has been very stubborn and higher than both EU and USA, it puts preasure for BoE to raise interest rates but given relatively weak economic stance any rate hike would have very adverse affect. I really believe the way for pound is towards 1.49 rather than 1.58 in the medium term....I keep selling all rallies....but thats just me..

Edit: sorry the thought was unfinished......continuation.... So if interest rates are kept at current record low levels there is higher risk of inflation running away therefore eroding the value of the currency (pound down), especially given all the world events such as floods, which put preasure on cotton (15year high at the moment) wheat (very high now sure if at record level) and of course fuel prices and so forth, and since britain hardly produces anything of its own and everything priced in dollars more pound would have to be spent (i.e increase of gbp supply in forex) ....if on the other hand Boe does raise interest rates to curb infloation, it would negatively impact economic growth leading to weaker currency....
  • #3,853
  • Sep 14, 2010 2:37am Sep 14, 2010 2:37am
Quoting Intel
EU

Could be absorbtion. Dont get trigger happy.
M5 showed ND on both cable and fibre, lets see how she goes
  • #3,854
  • Sep 14, 2010 2:42am Sep 14, 2010 2:42am
Quoting lexazver
Oh come on, accumulation on pound? i mean it;s possible but given todays inflation figures highly doubtful in my view. INflation in UK has been very stubborn and higher than both EU and USA, it puts preasure for BoE to raise interest rates but given relatively weak economic stance any rate hike would have very adverse affect. I really believe the way for pound is towards 1.49 rather than 1.58 in the medium term....I keep selling all rallies....but thats just me..
I really have no clue about fundamentals so I'll have to take your word for it.
  • #3,855
  • Sep 14, 2010 2:46am Sep 14, 2010 2:46am
GBP news on the hour.
  • #3,856
  • Sep 14, 2010 2:46am Sep 14, 2010 2:46am
Quoting Intel
I really have no clue about fundamentals so I'll have to take your word for it.

well im just saying i could be wrong but thats how i see things at the moment from funnymental point of view...

my main concern at the moment is record high commodity prices which are mostly priced in dollars and therefore put upward preasure on dollar, at least relative to pound since as i mentioned uk hardly produces anything.
  • #3,857
  • Sep 14, 2010 2:58am Sep 14, 2010 2:58am
Quoting Intel
Not quite sure what to make of this, anyone got any ideas?

Is that not a failed test?
Seek not to change the world; seek only to change your mind about the world
  • #3,858
  • Edited 3:12am Sep 14, 2010 3:00am | Edited 3:12am
We don't see it that often but here's a nice example.

EDIT: we have a narrow range up canlde into new ground (or at least territory not visited in some time) on high volume closing on or near its high. Of course, this is a squat.
Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,859
  • Sep 14, 2010 3:03am Sep 14, 2010 3:03am
Quoting HiddenGap
We don't see it that often but here's a nice example.
Hey HG,

Any ideas on exit strategy on cable and fibre??
  • #3,860
  • Sep 14, 2010 3:06am Sep 14, 2010 3:06am
Quoting Sonny1
Hey HG,

Any ideas on exit strategy on cable and fibre??
Honestly, no.

I use WRBs to exit.
Without VSA, you're playing checkers while the Smart Money plays chess.
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