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vsa with Malcolm

  • #4,721
  • Sep 26, 2010 1:19pm Sep 26, 2010 1:19pm
Quoting malcolmb14
Uj going higher will not always mean that eu will dive. If the move is based on a weaker jpy then it should have no effect on eu.

It should be another interesting week. I am expecting es to 1150 / 1160 but somehow am very skeptical on this september rally ....

eu I am looking for test 1.3780 , and am still looking to buy dips
I'm Done Crack time & PA ...B Ready
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  • #4,722
  • Sep 26, 2010 1:26pm Sep 26, 2010 1:26pm
Quoting egkid
I'm Done Crack time & PA ...B Ready
Attachment

what are your thoughts bro?
  • #4,723
  • Sep 26, 2010 2:07pm Sep 26, 2010 2:07pm
Quoting mfoste1
what are your thoughts bro?
Check my signature bro
All in your chart just dig deeper please , Most easy simple thing many people not see it!!
  • #4,724
  • Sep 26, 2010 2:15pm Sep 26, 2010 2:15pm
so let's look at EJ, then!

while i don't have volumes to read, i am drawing TL and channels... weekly daily and 4h.

1.35 might be interesting...

hapipipin

Quoting malcolmb14
Uj going higher will not always mean that eu will dive. If the move is based on a weaker jpy then it should have no effect on eu.

It should be another interesting week. I am expecting es to 1150 / 1160 but somehow am very skeptical on this september rally ....

eu I am looking for test 1.3780 , and am still looking to buy dips
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dreams do come true.
  • #4,725
  • Sep 26, 2010 2:18pm Sep 26, 2010 2:18pm
but not least...

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dreams do come true.
  • #4,726
  • Sep 26, 2010 2:34pm Sep 26, 2010 2:34pm
Quoting wannaberich
so let's look at EJ, then!

while i don't have volumes to read, i am drawing TL and channels... weekly daily and 4h.

1.35 might be interesting...

hapipipin
Well, I don't know why you're trying so hard to find the retracement wave... this is my take, look at the monthly, does that looks like consolidation to you? whatever the EW analysis might be, from fibo point of view, we should have retracement at about the 161, but seems like the price repeatedly failed to break thru the level in 4h.

I would really like to see if we can retest the breakout price at about 109.5 level to place my PO but I would not dare to short this pair.
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  • #4,727
  • Sep 26, 2010 3:32pm Sep 26, 2010 3:32pm
Quoting wannaberich
so let's look at EJ, then!

while i don't have volumes to read, i am drawing TL and channels... weekly daily and 4h.

1.35 might be interesting...

hapipipin
very hard to look at ej from a vsa persepctive on a daily or weekly time frame , as although ibfx has volumes I am not sure they are correct. One way of looking at it is to go on a 4 hour chart and add up each volume day and then go from there

right now 113.75 is resistance.

what I can tell you on ej is this .... 1.4.50 breaks to the upside on a mark up kind of day ( rapid move thru resistance) then we can say that monthly piercing will play out with 125 as target

I always look at bodies of candles and so far ej this month started on lows of aug and have pierced their highs

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Blogging daily now at www.volume.zone
  • #4,728
  • Sep 26, 2010 3:34pm Sep 26, 2010 3:34pm
Quoting wannaberich
so let's look at EJ, then!

while i don't have volumes to read, i am drawing TL and channels... weekly daily and 4h.

1.35 might be interesting...

hapipipin
so your title ' ok right' mean you do not believe target for this week.... just as you were mega bear on eu beginning last week you did not believe my target then

eu was rapidly marked up thru 1.3400 friday.... pros expect higher price. Tonight in london it will slice thru 1.3500 also
Blogging daily now at www.volume.zone
  • #4,729
  • Sep 26, 2010 3:42pm Sep 26, 2010 3:42pm
so true

since u put it that way will close my short right now. if it does go down from here u owe me... a ton of superbocks LOL

hapipipin

Quoting malcolmb14
so your title ' ok right' mean you do not believe target for this week.... just as you were mega bear on eu beginning last week you did not believe my target then

eu was rapidly marked up thru 1.3400 friday.... pros expect higher price. Tonight in london it will slice thru 1.3500 also
dreams do come true.
  • #4,730
  • Sep 26, 2010 3:43pm Sep 26, 2010 3:43pm
Quoting malcolmb14
I have shown the chart in question with more bars.

what do we know about it ?
well we know that 1.5580 to 1.5600 is supply zone

I have place a vertical line on the bar that you are asking about

NOw lets looks at background of this trade approaching the supply zone:

There was buyers on every dip to the demand zone and sellers in the supply zone , fact is all of London trend was up so when we see further strength just 50 pip under the resistance zone it could mean a breakout is coming , and in fact this is what we got

Attachment ...
Just to let people know, the charts/posts of the last few weeks have been great! i was away for 3 weeks and coming back reading them was defo rewarding.

Mal can you explain for me a few things, i get VSA hands down i see your entrys and why you entered, love it great, but i want to use it in conjuction with S/R areas and start to 'map out' the market instead of trading in naked space.

In the quote above; your second chart. Can you explain why that is a 'demand zone' personally i would have called it a supply line (due to the supply bar a few bars back) and im not too sure where you got the other two lines e.g. 1.5582, 1.5465.

They just work so well.

Are these old tops? they do marry up to old tops. if so how far back we looking?

I know you use POC as high vol area for 20 days back, but i also dont understand the post '4002' on page '267' (it wouldnt let me quote that aswell lol) are these yellow lines just pivot point in market eg. turning points for last 20 days.

Ive also noticed other have S/R lines, e.g. Intel etc. if you guys can disuss them it would be great.

Thanks Mal, and to others! Its much appreciated!
  • #4,731
  • Sep 26, 2010 4:23pm Sep 26, 2010 4:23pm
so, i must admit, i am not closing those shorts. hope u dont sumon the trading gods against me...

green pips, big M.
dreams do come true.
  • #4,732
  • Sep 27, 2010 2:35am Sep 27, 2010 2:35am
Buying going on (EU and GU) the same way it did Friday. This is pretty crazy. Even at the end of the week there was like no profit taking, just braking s/r zones left and right. We're almost at 50% retracement of the huge down move (EU), so that might something to watch, although 61.8% is usually the strongest.
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  • #4,733
  • Sep 27, 2010 2:52am Sep 27, 2010 2:52am
Quoting comapip
Buying going on (EU and GU) the same way it did Friday. This is pretty crazy. Even at the end of the week there was like no profit taking, just braking s/r zones left and right. We're almost at 50% retracement of the huge down move (EU), so that might something to watch, although 61.8% is usually the strongest.
Hi
even u have few posted but have good mind and view better than many
Now plan ur trade and trade ur plan
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  • #4,734
  • Sep 27, 2010 2:55am Sep 27, 2010 2:55am
Quoting comapip
Buying going on (EU and GU) the same way it did Friday. This is pretty crazy. Even at the end of the week there was like no profit taking, just braking s/r zones left and right. We're almost at 50% retracement of the huge down move (EU), so that might something to watch, although 61.8% is usually the strongest.
I personally think, we can see some retracement for both fiber and cable today.. IMHO. Perhaps a retest breaking point at about 5730 GU?
  • #4,735
  • Edited 3:16am Sep 27, 2010 2:59am | Edited 3:16am
Last few candles in UJ doesn't seems consolidated. I'm out from UJ for now.. I will reconsider reentering UJ once there's some valid upside momentum - this can be seen from candle closed above the long tailed hammer for example..

Seems like the GBPCHF & EURCHF perform very2 well..
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  • #4,736
  • Sep 27, 2010 3:07am Sep 27, 2010 3:07am
UCad has a better 4h consolidation candles than UJ IMO (if current 4h candle close like that), if daily manage to close at least above the red line, I think this pair might have some upside exposure.. However, since daily haven't really shows significant movement to the upside or valid consolidation phase, this trade is considered a high-risk trade and I am just picking bottom on this one.

Happy pippin'.
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  • #4,737
  • Sep 27, 2010 3:19am Sep 27, 2010 3:19am
Thanks, egkid

About EU or GU tests. I would love to see some tests, but as long as the price is supported, I can't short. EU and GU very close to breaking support price wise, but it's not clear. There certainly is some pressure going on right now, but unless support is broken on high(ish) volume, I'll be buying. Oh and NFP this week. Should be interesting.
  • #4,738
  • Sep 27, 2010 3:29am Sep 27, 2010 3:29am
Quoting comapip
Thanks, egkid

About EU or GU tests. I would love to see some tests, but as long as the price is supported, I can't short. EU and GU very close to breaking support price wise, but it's not clear. There certainly is some pressure going on right now, but unless support is broken on high(ish) volume, I'll be buying. Oh and NFP this week. Should be interesting.
Don't know why change the date of NFP To next week 8 October

http://www.forexfactory.com/calendar...=2010-10-8&c=2
  • #4,739
  • Sep 27, 2010 3:32am Sep 27, 2010 3:32am
Quoting egkid
Don't know why change the date of NFP To next week 8 October

http://www.forexfactory.com/calendar...=2010-10-8&c=2
Ohhh, didn't know that! Thanks!
  • #4,740
  • Sep 27, 2010 4:12am Sep 27, 2010 4:12am
I don't like this session at all Got stopped out on GU. Probably should stick to my "I hate Mondays" routine and stop trading Currently GU and EU supply overcame demand, although there's still demand left.
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