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vsa with Malcolm

  • #4,581
  • Sep 23, 2010 12:36pm Sep 23, 2010 12:36pm
Quoting malcolmb14
I would love everyones views on UJ ... something is brewing . I see strong buying off a double bottom... major support area on weekly also

Any comments ?

Great Uncle Kan please can you comment
To me it is still too early to enter at current level malc.. I will be watching how price reacts at about 84.00 - 84.10. There is a support at this current level, but I don't like how the candle formation in 4h, i don't think that is a consolidation.. If there's is a uptrust, I think I will better off enter after the move (this is base on current formation 4h)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart1.gif Size: 31 KB
  • #4,582
  • Sep 23, 2010 12:44pm Sep 23, 2010 12:44pm
Quoting malcolmb14
I would love everyones views on UJ ... something is brewing . I see strong buying off a double bottom... major support area on weekly also

Any comments ?

Great Uncle Kan please can you comment

Monthly demand area from '95
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  • #4,583
  • Sep 23, 2010 12:50pm Sep 23, 2010 12:50pm
Quoting frankkn
Monthly demand area from '95
Interesting to note that the candle making the low of the area from '95 I mentioned closed at 84.3 (monthly candle close)

Edit:

Attached an H1 of UJ, the horizontal line is the current price can you read it?
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  • #4,584
  • Sep 23, 2010 12:53pm Sep 23, 2010 12:53pm
65 can't be broken just now.

short and sl at be as soon as possible.

don't trade UJ but u made me curious. will spend the next few minutes studying it.

hapipipin
Attached Image (click to enlarge)
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dreams do come true.
  • #4,585
  • Sep 23, 2010 1:00pm Sep 23, 2010 1:00pm
Wouldn't be surprised if there was a spike down on UJ. Just because there's selling pressure everywhere. I would certainly want lower prices and then get on the intervention train if it comes. Currently retraced 50% of that up move and price is held there.
  • #4,586
  • Sep 23, 2010 1:02pm Sep 23, 2010 1:02pm
would long it with sl below 84.300 and tp at 84.55

besides, hope it goes up as i am eu short again LOL

dreams do come true.
  • #4,587
  • Edited 1:08pm Sep 23, 2010 1:04pm | Edited 1:08pm
Quoting wannaberich
65 can't be broken just now.

short and sl at be as soon as possible.

don't trade UJ but u made me curious. will spend the next few minutes studying it.

hapipipin
I had a short GU at 1.5718, but things are soooo slow that I banked 15 pips and won't play anymore today.

As for UJ, same as you, don't trade it and don't even have the chart ready, but will check it out to see what you're all talking about.


Autumn starting, and heavy rain coming (haven't seen real rain for a while) with some thunders... going to watch and enjoy the show!
  • #4,588
  • Sep 23, 2010 1:15pm Sep 23, 2010 1:15pm
if it does go up from here (+40 pips by now) would leave it some running to 84.6

at that level i would set sl to below (don't know how many pips is considered a safe "cushion" with UJ) 84.5 to let it run to 85.2

will follow this just out of curiosity. just hope i don't get tempted to play no Yen pairs with real $$$ until i got at least 1 year of demo practice on them...

(EU going slowly well )
dreams do come true.
  • #4,589
  • Sep 23, 2010 1:16pm Sep 23, 2010 1:16pm
Quoting malcolmb14
I would love everyones views on UJ ... something is brewing . I see strong buying off a double bottom... major support area on weekly also

Any comments ?

Great Uncle Kan please can you comment
I see a good amount of selling on the JPY side. Long wouldn't be a bad idea, but institutions have been playing games today on this pair it seems like.
  • #4,590
  • Sep 23, 2010 1:37pm Sep 23, 2010 1:37pm
Here is my Take on UJ .. wich is weak


http://img715.imageshack.us/img715/7583/ujwa.jpg


http://img299.imageshack.us/img299/3162/ujd.jpg


http://img820.imageshack.us/img820/2743/ujh4.jpg

http://img522.imageshack.us/img522/1320/ujh1.jpg
  • #4,591
  • Sep 23, 2010 1:43pm Sep 23, 2010 1:43pm
YOur last anlaysis maybe a wee bit wrong

There is major signs of strength on uj in last 24 hour.... noted here on the charts

I would buy above 84.50 in asia

Attached Image (click to enlarge)
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Quoting PrymeTyme
Here is my Take on UJ .. wich is weak


http://img715.imageshack.us/img715/7583/ujwa.jpg


http://img299.imageshack.us/img299/3162/ujd.jpg


http://img820.imageshack.us/img820/2743/ujh4.jpg

http://img522.imageshack.us/img522/1320/ujh1.jpg
Blogging daily now at www.volume.zone
  • #4,592
  • Sep 23, 2010 2:04pm Sep 23, 2010 2:04pm
Yeah well it looks really weak to me .. mate

here is a further analysis.. just started out with VSA .. two weeks ago .. and i like it .. , not sure if its a 100 perecent correct analysis .. wich it probably isnt
but for putting all my actual knoweldege into the analysis .. it looks weak.. to me.. .. what do ya .. say where do you see real strength coming in.. ??

cheerz

http://img834.imageshack.us/img834/8196/14276206.jpg
  • #4,593
  • Sep 23, 2010 2:12pm Sep 23, 2010 2:12pm
there is only one bar I would consider weakness right now ....

and if this were eu or gu I would be all in by now.... this is a pretty strong bottom BUT with ES heading down to close at 1120 area (sonofin I hope you got the 1130 sell this morning we were tlaking about) , uj maynot go anywhere.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 174 KB



Quoting PrymeTyme
Yeah well it looks really weak to me .. mate

here is a further analysis.. just started out with VSA .. two weeks ago .. and i like it .. , not sure if its a 100 perecent correct analysis .. wich it probably isnt
but for putting all my actual knoweldege into the analysis .. it looks weak.. to me.. .. what do ya .. say where do you see real strength coming in.. ??

cheerz

http://img834.imageshack.us/img834/8196/14276206.jpg
Blogging daily now at www.volume.zone
  • #4,594
  • Sep 23, 2010 2:34pm Sep 23, 2010 2:34pm
Although I'm liking your exchange of arguments, will go soon to bed (tomorrow up very early to work).

But one off-topic question for PrymeTyme:
Could you post your chats directly in the forum, instead of putting them on imageshack?
It's a bit annoying opening them (at least with firefox), because when we click on it, it opens not one, but two new windows - one of imageshack with the chart small sized, and another one with the chart maximized. Thank you.
  • #4,595
  • Sep 23, 2010 2:53pm Sep 23, 2010 2:53pm
not the biggest prob in the world but would be nice of u!

thanks.

(heading home too)

Quoting tonirai
Although I'm liking your exchange of arguments, will go soon to bed (tomorrow up very early to work).

But one off-topic question for PrymeTyme:
Could you post your chats directly in the forum, instead of putting them on imageshack?
It's a bit annoying opening them (at least with firefox), because when we click on it, it opens not one, but two new windows - one of imageshack with the chart small sized, and another one with the chart maximized. Thank you.
dreams do come true.
  • #4,596
  • Sep 23, 2010 2:59pm Sep 23, 2010 2:59pm
es nice day up 1118 to 1132 ... then down to 1118...

With ease.

Nice doji on daily ...is this is a sign of more weakness to come. We are now back under that 1124 daily resistance level.
Blogging daily now at www.volume.zone
  • #4,597
  • Sep 23, 2010 3:12pm Sep 23, 2010 3:12pm
mmmm..interesting the support level being defended

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 174 KB
Blogging daily now at www.volume.zone
  • #4,598
  • Sep 23, 2010 3:25pm Sep 23, 2010 3:25pm
Quoting malcolmb14
mmmm..interesting the support level being defended

Attachment
That last bar you pointed to is a high volume test.

Interesting stuff going on in that pair for sure. If we move up to 84.50 and drop to test 84.30- 84.40 on low volume, that would be a great long entry. Some No supply's would be nice as well.

The real question thats at stake here is Does BOJ want to taken seriously when they intervene? Something else to monitor is their governor is speaking tomorrow and may have some rhetoric that could send this pair flying. The moves today look like pre-positioning.
  • #4,599
  • Sep 23, 2010 3:28pm Sep 23, 2010 3:28pm
I called Great Uncle.... he was not in

That is why I posted that last 30 min bar of day pretty high volume test.

Quoting Sonofsin5
That last bar you pointed to is a high volume test.

Interesting stuff going on in that pair for sure. If we move up to 84.50 and drop to test 84.30- 84.40 on low volume, that would be a great long entry. Some No supply's would be nice as well.

The real question thats at stake here is Does BOJ want to taken seriously when they intervene? Something else to monitor is their governor is speaking tomorrow and may have some rhetoric that could send this pair flying. The moves today look like pre-positioning.
Blogging daily now at www.volume.zone
  • #4,600
  • Sep 23, 2010 3:29pm Sep 23, 2010 3:29pm
Quoting malcolmb14
mmmm..interesting the support level being defended

Attachment
Hi guys,

UJ

There is definately buying going on during the down move but, the double bottom just doesn't look right to me.

Firstly the second bottom makes a new low. It would be much better if it didnt. And the second bottom is just too drawn out. With the UT in the middle, we may see some sideways movement before any action.

Taking all this into account, I think when the move comes, we may see a trap down move before a reasonable move north.
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