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vsa with Malcolm

  • #4,281
  • Sep 20, 2010 1:06pm Sep 20, 2010 1:06pm
Thanks for comments, but i do it quite offen such trades and it makes pips for me..

When my entries will stop make pips, i will start to think i was only lucky on all my trades

edit: however, i hate luck on trading.

Best,
Tom


Quoting malcolmb14
tom .. consider yourself lucky on that one

the valid entry was 40 pip above support.... once support was hit (where you entered) there was significant sign of buyers.

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  • #4,282
  • Sep 20, 2010 1:08pm Sep 20, 2010 1:08pm
Quoting cosmoras
Are markets getting weak or is it the time of day and news 2morrow?

There is an effort to penetrate older tops with low vol..with previous UT(M15)

NAS100 and SP

Is this a setup for dooms day down tomorow or on closing today?Marketpics
wtf is that ...SMART ? like the current 25 bar range says weakness ... mmm

I guess ripping up 20 points is weakness . lol

there does seem weakness in the markets HOWEVER if the plunge protection team are operating in the markets as they seem to be currently due to US elections then look to buy on dips . I did on friday at 1118 when there was nice accumualtion after the initial options expiry down move. Septmeber has 90% of the time been a down month . This month so far we have gained 7%..... mid terms maybe have a lot to do with this cause it certainly is not the housing data or jobs data,

Mentioned to sonofin that es was being bought off 1118 friday , es could see 1150 or even a squeak higher before we see the current weaknesso n daily charts play out.

If QE2 is mentioned tomorrow then this may have negative effect on the market however it may also be considered very positive as investors will feel that feds will throw trillions upon trillions into the market to try and support the economy .

Right now I am playing buy dips mostly other than friday when i sold top of asia
Blogging daily now at www.volume.zone
  • #4,283
  • Sep 20, 2010 1:10pm Sep 20, 2010 1:10pm
Quoting tfflyer
Thanks for comments, but i do it quite offen such trades and it makes pips for me..

When my entries will stop make pips, i will start to think i was only lucky on all my trades

edit: however, i hate luck on trading.

Best,
Tom
I liked the sell myself but on that buying cliamx 40 pip above support. i did not take it.
Blogging daily now at www.volume.zone
  • #4,284
  • Sep 20, 2010 1:22pm Sep 20, 2010 1:22pm
closed this UC trade with 1 pip

till london, bye

Best,
Tom



Quoting tfflyer
UC LONG
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  • #4,285
  • Sep 20, 2010 1:28pm Sep 20, 2010 1:28pm
wtf is that ...SMART ? like the current 25 bar range says weakness ... mmm

I guess ripping up 20 points is weakness . lol

Smart Background Engine can be confusing..I have it on different brokers and can have different opinions at the same time for same pair and TF..
(Like IBFX and Broco) where both have nice volumes..

It misses ND etc..So as I used to have TG when learning (rent for 3 months),
its only a helper..I trade bare bone on main screen with better vol - hulls and fib levels, Weekly and Monthly S/R , having RSI on 1Hour and 15 Mins for reference...
But a tool for quick alerts by recognising most of the candles is not bad even if not perfect on basic configuration...

You knowledge on US economy intervention is splendid..:-)

Well done Malc, no smart will be smart enough to by pass you analytical skills..
  • #4,286
  • Sep 20, 2010 1:57pm Sep 20, 2010 1:57pm
Actually this weird GBP trade selling into support worked as there is a good volume UT on high vol between S1 and S2.

Higher TFs carry more VSA significance, so pros saw this and knew that prices should be driven further down for accumulation as this is heavy supply and must be exhausted on lower levels ...


Edit:
sorry: weird not wired as wrote before ..lol
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  • #4,287
  • Sep 20, 2010 1:58pm Sep 20, 2010 1:58pm
sometimes we have to see pa for what it is.

If intervention is there do not play against it no matter what vsa says ... could could alot of $$$$$ . I am pretty sure intervention is in the us stock markets right now as all dips being bought including bad news dips.

Maybe investors feel that p/e ratios are low right now
Maybe the fact that 4% dividends on stocks beats bonds hands down
Maybe it is just simple ppt at work before mid terms....

form a fundie stand points .... housing market foreclosures notices down last month but foreclosures highest EVER on record .... 96 k .
Jobs ..well 150 k jobs have to be created each month to keep up with population growth , another 400 k have to be created to regian jobs lost in last 4 years... and then it will still take about 6 years to get back all jobs recently lost in the ' recession'

So fundies do not really matter it would seem and this is why 90% of the time I do not even look at news , only know when it comes out.







Quoting cosmoras
wtf is that ...SMART ? like the current 25 bar range says weakness ... mmm

I guess ripping up 20 points is weakness . lol

Smart Background Engine can be confusing..I have it on different brokers and can have different opinions at the same time for same pair and TF..
(Like IBFX and Broco) where both have nice volumes..

It misses ND etc..So as I used to have TG when learning (rent for 3 months),
its only a helper..I trade bare bone on main screen with better vol - hulls and fib levels, Weekly and Monthly S/R , having RSI on 1Hour...
Blogging daily now at www.volume.zone
  • #4,288
  • Sep 20, 2010 2:00pm Sep 20, 2010 2:00pm
Quoting cosmoras
Actually this wired GBP trade selling into support worked as there is a good volume UT on high vol between S1 and S2.

Higher TFs carry more VSA significance, so pros saw this and knew that prices should be driven further down for accumulation as this is heavy supply and must be exhausted on lower levels ...
the shorting was not unusual but the entry right on support was ...

I loved the sell 40 pip above support on effort to rise being hit with volume. I commented on this to sonofin this morning.
Blogging daily now at www.volume.zone
  • #4,289
  • Sep 20, 2010 2:02pm Sep 20, 2010 2:02pm
bellow 58?
dreams do come true.
  • #4,290
  • Sep 20, 2010 2:09pm Sep 20, 2010 2:09pm
i have a total of 6 short positions acumulated.

135, 132, 114, 096, 083, 073. sums up to a good amount of pips.

but i do believe we will see lower than where we are. sl at be on the first 2 and 098 on the rest.

i expect asia to bring this down. but we are rubbing into a solid wall or so it seems... on the other hand higher TF show bear and volume as increased slowly on this slow down move. as if the bears are chewing the bulls. slowly.

to greed or not to greed. this is my question...

green pips, felow VSAers
dreams do come true.
  • #4,291
  • Sep 20, 2010 2:09pm Sep 20, 2010 2:09pm
Quoting malcolmb14
Right now I am playing buy dips mostly other than friday when i sold top of asia
1 more time you prove value of your inside prediction engine...

You did n't finish and it rallies on closing while I was expecting and hoping for this dip..
  • #4,292
  • Sep 20, 2010 2:15pm Sep 20, 2010 2:15pm
what pair you talking about ?

Quoting wannaberich
i have a total of 6 short positions acumulated.

135, 132, 114, 096, 083, 073. sums up to a good amount of pips.

but i do believe we will see lower than where we are. sl at be on the first 2 and 098 on the rest.

i expect asia to bring this down. but we are rubbing into a solid wall or so it seems... on the other hand higher TF show bear and volume as increased slowly on this slow down move. as if the bears are chewing the bulls. slowly.

to greed or not to greed. this is my question...

green pips, felow VSAers
Blogging daily now at www.volume.zone
  • #4,293
  • Sep 20, 2010 2:16pm Sep 20, 2010 2:16pm
for pattern players gu could be forming cup and handle on daily 1.5450 has to hold for htis to be true...
Blogging daily now at www.volume.zone
  • #4,294
  • Sep 20, 2010 2:20pm Sep 20, 2010 2:20pm


EU. just add 1.3 to those number.



Quoting malcolmb14
what pair you talking about ?
dreams do come true.
  • #4,295
  • Sep 20, 2010 2:31pm Sep 20, 2010 2:31pm
Quoting wannaberich


EU. just add 1.3 to those number.

eu daily does look bearish Just due to the wicks on the last 2 daily candles BUT so far 1.3030 is being bought off ....

If that 1.3030 level break 1.2910 is target

One mention of qe tomorrow in fomc all your stops will be hit instantaneously lol , If feds do qe they will likely hint they will do it by buying t bonds .. sending usd value down
Blogging daily now at www.volume.zone
  • #4,296
  • Sep 20, 2010 2:34pm Sep 20, 2010 2:34pm
Quoting Sonofsin5
Eurjpy
Follow up
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  • #4,297
  • Sep 20, 2010 2:35pm Sep 20, 2010 2:35pm
Quoting malcolmb14
eu daily does look bearish Just due to the wicks on the last 2 daily candles BUT so far 1.3030 is being bought off ....

If that 1.3030 level break 1.2910 is target

One mention of qe tomorrow in fomc all your stops will be hit instantaneously lol , If feds do qe they will likely hint they will do it by buying t bonds .. sending usd value down

simple chart pattern..
down ward channel on 4 hour , support 1.3030 and 1.2960 area. If price moves to 1.2950 and we see considerable buy interest after fomc then think 1,3500 target and this is bull flag of sorts

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Blogging daily now at www.volume.zone
  • #4,298
  • Sep 20, 2010 2:36pm Sep 20, 2010 2:36pm
Quoting Sonofsin5
Follow up

you long very low vol on down move after all that buying on bottom
Blogging daily now at www.volume.zone
  • #4,299
  • Edited 2:43pm Sep 20, 2010 2:39pm | Edited 2:43pm
as long as i have the rest at be (which would happen if we reach 40) i wouldn't mind (ok,ok, just a little LOL). loosing opportunities is ok. loosing money is not

but it all seems weird... this move down on the 5m is like a long steep bull flag!

really strange...

anyway 50 should hold it now (we just had a nice stop vol and rejection). if not then 40. if not too then 13007 but that would bring on a lot of bears...

last 4h had a nice wick, too!

Green pips, Big M.

PS When does the R8 arrive?

Quoting malcolmb14
eu daily does look bearish Just due to the wicks on the last 2 daily candles BUT so far 1.3030 is being bought off ....

If that 1.3030 level break 1.2910 is target

One mention of qe tomorrow in fomc all your stops will be hit instantaneously lol , If feds do qe they will likely hint they will do it by buying t bonds .. sending usd value down
dreams do come true.
  • #4,300
  • Sep 20, 2010 3:35pm Sep 20, 2010 3:35pm
Quoting malcolmb14
you long very low vol on down move after all that buying on bottom
I posted the short from 112.15 this morning, still holding short. That was just a follow up chart. Trade is now +1 stop, Floating about 18 pips.
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