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vsa with Malcolm

  • #5,021
  • Sep 29, 2010 7:00am Sep 29, 2010 7:00am
Quoting comapip
PA is so annoying. Can't make any sense of it today. Probably won't trade at all.
EU is not boring at all--
  • #5,022
  • Sep 29, 2010 7:10am Sep 29, 2010 7:10am
Quoting Intel
Exited long at -2 pips, didnt like the action
30 min says up ... 60 down

I am out for day even es gave me 2 nice 4 point trades and has now gone all stupid

eu is still buy dips IMHO and 1.3740 by end of week. Today is just rest day
Blogging daily now at www.volume.zone
  • #5,023
  • Sep 29, 2010 7:23am Sep 29, 2010 7:23am
Quoting malcolmb14
30 min says up ... 60 down

I am out for day even es gave me 2 nice 4 point trades and has now gone all stupid

eu is still buy dips IMHO and 1.3740 by end of week. Today is just rest day
I made 3 trades today 2 good the last lost me 2 pips (should have stayed in, I'd be well in profit now )

Still not a bad day so far.
  • #5,024
  • Sep 29, 2010 7:25am Sep 29, 2010 7:25am
Quoting malcolmb14
30 min says up ... 60 down

I am out for day even es gave me 2 nice 4 point trades and has now gone all stupid

eu is still buy dips IMHO and 1.3740 by end of week. Today is just rest day
Forgive my ignorance, how does 4 points compare with pips?
  • #5,025
  • Sep 29, 2010 7:32am Sep 29, 2010 7:32am
Quoting Intel
Forgive my ignorance, how does 4 points compare with pips?
es is $50 per point per contract , leverage is way different my broker allowed me to start with 40 contracts on 10 k when i opened account or day trade. I could blow account up in a single 4 point move if i did that

so a move of 4 points is $200 per contract. I trade 4 typically.

es been in 5 point range all morning , there has been 4 trade and another one ocming
Blogging daily now at www.volume.zone
  • #5,026
  • Sep 29, 2010 7:44am Sep 29, 2010 7:44am
Quoting malcolmb14
es is $50 per point per contract , leverage is way different my broker allowed me to start with 40 contracts on 10 k when i opened account or day trade. I could blow account up in a single 4 point move if i did that

so a move of 4 points is $200 per contract. I trade 4 typically.

es been in 5 point range all morning , there has been 4 trade and another one ocming

Oh I see, so to up the possible return you simply trade more contracts.

Thanks
  • #5,027
  • Sep 29, 2010 8:09am Sep 29, 2010 8:09am
watch for any shake outs in asia / london open euis being re accumulated for a 150 pip move tomorrow.


Attached Image (click to enlarge)
Click to Enlarge Name: chart3007.png Size: 190 KB
Blogging daily now at www.volume.zone
  • #5,028
  • Sep 29, 2010 8:26am Sep 29, 2010 8:26am
Quoting malcolmb14
watch for any shake outs in asia / london open euis being re accumulated for a 150 pip move tomorrow.


Attachment
Lots of support around the 3585 area for sure. I have the next resistance area at 3725 so the move should be nice as you suggested.
  • #5,029
  • Sep 29, 2010 8:29am Sep 29, 2010 8:29am
Might need a bit of a boost to get past the 640 area.
  • #5,030
  • Sep 29, 2010 8:54am Sep 29, 2010 8:54am
Quoting Intel
Might need a bit of a boost to get past the 640 area.
I get the feeling a sell around here might be worth the try, considering a possible retrace late NY or during Asia to a better buying zone... problem is I don't see any setup, and I will be leaving to work in a hour... thoughts?
  • #5,031
  • Sep 29, 2010 8:58am Sep 29, 2010 8:58am
Quoting tonirai
I get the feeling a sell around here might be worth the try, considering a possible retrace late NY or during Asia to a better buying zone... problem is I don't see any setup, and I will be leaving to work in a hour... thoughts?
Yep I thought to put sell limit @1.3643, sl @ 1.3668 and tp @1.3632
  • #5,032
  • Sep 29, 2010 9:02am Sep 29, 2010 9:02am
Quoting 1pipperhour
Yep I thought to put sell limit @1.3643, sl @ 1.3668 and tp @1.3632
Eh eh... that would be terrible win/loss ratio
A 25 pips SL for a 11 pips profit?
If I would do that, I would be looking for at least 30 or 40 pips of retrace.
  • #5,033
  • Sep 29, 2010 9:05am Sep 29, 2010 9:05am
Quoting tonirai
Eh eh... that would be terrible win/loss ratio
A 25 pips SL for a 11 pips profit?
If I would do that, I would be looking for at least 30 or 40 pips of retrace.
sry, typo, tp @ 1.3586 (was watching current price instead )
  • #5,034
  • Sep 29, 2010 9:30am Sep 29, 2010 9:30am
Quoting 1pipperhour
sry, typo, tp @ 1.3586 (was watching current price instead )
I made mistake of trying to sell eu today.... stopped out

then i went long made some back

If you want to sell osmething sell gu ..lol .. gbp is weaker then euro
Blogging daily now at www.volume.zone
  • #5,035
  • Sep 29, 2010 9:30am Sep 29, 2010 9:30am
i guess we are praying for different scenerios..lol--
i hope the resistance becomes support and i get
a NO-demand bar(can't fall through) above the resistance/[email protected].

Or else am pretty much screwed

still buying dips though(would rather)...Daily trend is still up..
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 53 KB
  • #5,036
  • Sep 29, 2010 9:31am Sep 29, 2010 9:31am
Quoting malcolmb14
I made mistake of trying to sell eu today.... stopped out

then i went long made some back

If you want to sell osmething sell gu ..lol .. gbp is weaker then euro
on 2nd thought maybe the 3640 is good
Blogging daily now at www.volume.zone
  • #5,037
  • Sep 29, 2010 9:43am Sep 29, 2010 9:43am
if 4h closes below 1.36...

would be a hell of a pic...

all those wicks both up and down... last 2 close 4h have good vol on huge up wicks and Asia last night looks like hidden sellers to me...

let's see what it brings. whatever happens sure looks big!

hapipipin
dreams do come true.
  • #5,038
  • Sep 29, 2010 9:45am Sep 29, 2010 9:45am
Well somebody must be buying EU. But I won't today. Be back tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5_2010-09-29_2.PNG Size: 39 KB
  • #5,039
  • Sep 29, 2010 9:53am Sep 29, 2010 9:53am
Quoting comapip
Well somebody must be buying EU. But I won't today. Be back tomorrow
eu is being reaccumulated .... means in tomorrows bond auction it will fly up

same gu although gu is less straight forward and may have another large shake out before tomorrow US session . 1.5780 support holding
Blogging daily now at www.volume.zone
  • #5,040
  • Sep 29, 2010 10:15am Sep 29, 2010 10:15am
Quoting malcolmb14
I made mistake of trying to sell eu today.... stopped out

then i went long made some back

If you want to sell osmething sell gu ..lol .. gbp is weaker then euro
Strange. I made exactly opposite (on EU). Lost in long and then shorted and made back 2 times what I lost.

Well this is exactly how anybody is seeing the chart.

At the moment my limit order is looking good. Hope it stays that way . Even if it doesn't I can afford it today.
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