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vsa with Malcolm

  • #4,621
  • Sep 23, 2010 11:34pm Sep 23, 2010 11:34pm
Quoting djhex
you could see the build up before the big move on the 1 min chart w/ volume... so sad I went to get a drink and missed it.... that's an expensive monster
no offense to any one that trades a 1min ... but 1 min chart.!!!

Check my posts of earlier about the 30 min chart and the set up that has been cooking for 24 hours. VSA is not about a 1 min chart please understand this. If you do then you will do well , if not then you will wonder why your trades are only so-so and say that you could not grasp vsa.

Do you think my calls before the fomc yesterday were lucky or due to vsa sets ups that had been brewing for 12 hour or more ? vsa is all about background
Blogging daily now at www.volume.zone
  • #4,622
  • Sep 23, 2010 11:37pm Sep 23, 2010 11:37pm
Quoting A-speculator
I hope you got in GJ too.. easy 150 pips and counting..
nah to be honest I lost more money on gj then I made. I found her hard to trades

I stick to majors now.... like printing money . , vsa works so much better on them .
Blogging daily now at www.volume.zone
  • #4,623
  • Sep 23, 2010 11:37pm Sep 23, 2010 11:37pm
Quoting malcolmb14
no offense to any one that trades a 1min ... but 1 min chart.!!!

Check my posts of earlier about the 30 min chart and the set up that has been cooking for 24 hours. VSA is not about a 1 min chart please understand this. If you do then you will do well , if not then you will wonder why your trades are only so-so and say that you could not grasp vsa.

Do you think my calls before the fomc yesterday were lucky or due to vsa sets ups that had been brewing for 12 hour or more ? vsa is all about background
i think next will be the GBPCHF and EURCHF.. going up.
  • #4,624
  • Sep 23, 2010 11:41pm Sep 23, 2010 11:41pm
Not sure if this is really boj or some kind of trap up move.

Anyway uj stuck on the 85 resistance level. Looking for a low vol test on 5 to confirm long to cont to 85.80 .
Blogging daily now at www.volume.zone
  • #4,625
  • Sep 23, 2010 11:42pm Sep 23, 2010 11:42pm
Quoting A-speculator
i think next will be the GBPCHF and EURCHF.. going up.
A...

I gave up on trading crosses. EU and GU daily ranges 120 pip right now plus some. I can make 300 pip to 500 pip without trading the hard to trade crosses ( well in my mind they are hard). Majors are pretty easy to trade using vsa.
Blogging daily now at www.volume.zone
  • #4,626
  • Sep 23, 2010 11:56pm Sep 23, 2010 11:56pm
Quoting malcolmb14
A...

I gave up on trading crosses. EU and GU daily ranges 120 pip right now plus some. I can make 300 pip to 500 pip without trading the hard to trade crosses ( well in my mind they are hard). Majors are pretty easy to trade using vsa.
you right bro.. perhaps i should stop posting on crosses..

* I don't recommend newcomers to trade crosses.. you only trade these pairs if you know what you're doing.
  • #4,627
  • Sep 24, 2010 12:06am Sep 24, 2010 12:06am
Quoting malcolmb14
Not sure if this is really boj or some kind of trap up move.

Anyway uj stuck on the 85 resistance level. Looking for a low vol test on 5 to confirm long to cont to 85.80 .
I don't think its a trap move malc. I will enter long uj at about 84.7 (for now I just put my PO there) or if exhaustion sighted at the 38fibo area provided that the retracement momentum is not too high (series of short candles).
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  • #4,628
  • Sep 24, 2010 12:13am Sep 24, 2010 12:13am
I personally have no desire to trade against a central bank. This is the second time they are going into the open market to intervene and do not forget that tomorrow the BOJ will be speaking and you can garuntee that intervention will be on the top of the agenda.

AS noted by malcomb this is a very unusual time for a bank to intervene as usually the will push money at the start of their trading day so there is follow through by the rest of the traders. Doing it at this time of the session is a little confusing to me.

Lets see how it goes. For now no shorts.
  • #4,629
  • Sep 24, 2010 12:13am Sep 24, 2010 12:13am
Quoting A-speculator
you right bro.. perhaps i should stop posting on crosses..

* I don't recommend newcomers to trade crosses.. you only trade these pairs if you know what you're doing.
I know you trade a higher time frame on pairs so have loads of time to look at many pairs.

For me i am a hit and run trader , 30 to 50 pip a time x 4 times a day if possible.
Blogging daily now at www.volume.zone
  • #4,630
  • Sep 24, 2010 12:20am Sep 24, 2010 12:20am
Quoting malcolmb14
I know you trade a higher time frame on pairs so have loads of time to look at many pairs.

For me i am a hit and run trader , 30 to 50 pip a time x 4 times a day if possible.
I agree with you malc to just post only on majors so that if there are newcomers here, even though they don't always win, at least they can sustain their margin a lot longer.
  • #4,631
  • Sep 24, 2010 1:40am Sep 24, 2010 1:40am
gu breaking support .... watch for frankie fake out but weakness in background so does not look like fake out to me

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  • #4,632
  • Sep 24, 2010 1:51am Sep 24, 2010 1:51am
I didn't expect getting filled this fast..
  • #4,633
  • Sep 24, 2010 2:27am Sep 24, 2010 2:27am
nd eu 15 min .....

confirms news for eu will not be great

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  • #4,634
  • Sep 24, 2010 2:50am Sep 24, 2010 2:50am
Quoting malcolmb14
nd eu 15 min .....

confirms news for eu will not be great

Attachment
tracking this into news

potential buyers .. I am already in a sell 1.3350 , support is 3310.

40 pip range news should break it out one way or other

i still like the down move scenario
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  • #4,635
  • Sep 24, 2010 2:56am Sep 24, 2010 2:56am
That was one lousy intervention. Anyway, I admire everyone who saw that coming!

EU feels very tired. Every little up move gets slammed, but I'm still bullish until area around 1.33 holds.
  • #4,636
  • Sep 24, 2010 2:59am Sep 24, 2010 2:59am
Quoting comapip
That was one lousy intervention. Anyway, I admire everyone who saw that coming!

EU feels very tired. Every little up move gets slammed, but I'm still bullish until area around 1.33 holds.
uj i do not think that was boj .... wrong time of day , liekly someone else taking profit driving up price quickly , as uj has settled back down in that support area
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  • #4,637
  • Sep 24, 2010 3:06am Sep 24, 2010 3:06am
Quoting malcolmb14
tracking this into news

potential buyers .. I am already in a sell 1.3350 , support is 3310.

40 pip range news should break it out one way or other

i still like the down move scenario
That was weird IMO - although 1.33 was well supported and had some strength, the volume looked like sellers were in control, yet, we might be seeing demand come in now. 1.35 is my preference anyway, due to some EURGBP longs. Screwy morning all around, on GBPJPY too.
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  • #4,638
  • Sep 24, 2010 3:06am Sep 24, 2010 3:06am
Quoting malcolmb14
tracking this into news

potential buyers .. I am already in a sell 1.3350 , support is 3310.

40 pip range news should break it out one way or other

i still like the down move scenario

stopped .... should have taken profit when I saw those buyers come in ....


1.3370 resis
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  • #4,639
  • Sep 24, 2010 3:09am Sep 24, 2010 3:09am
Quoting malcolmb14
uj i do not think that was boj .... wrong time of day , liekly someone else taking profit driving up price quickly , as uj has settled back down in that support area
Well, BoJ refused to comment on that, so most are assuming they did it.
Anyway, weekend talks might shed some light.

EU news were surprisingly better than expected. Just read some article that it's almost impossible for the news to be good. So that's quite funny
  • #4,640
  • Sep 24, 2010 3:09am Sep 24, 2010 3:09am
Quoting Beljevina
That was weird IMO - although 1.33 was well supported and had some strength, the volume looked like sellers were in control, yet, we might be seeing demand come in now. 1.35 is my preference anyway, due to some EURGBP longs. Screwy morning all around, on GBPJPY too.
whole market is odd in Lodnon

euro ripping , uj heading down after 90 pip spike , and gu in 20 pip range ...lol....WTF

should be a nice 8 to 10 point gap play in es when i wake up though ....so can look on the bright side
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