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vsa with Malcolm

  • #5,261
  • Edited 7:31am Oct 6, 2010 7:29am | Edited 7:31am
Quoting bruceli
ADP Non-Farm Employment Change -39K

so, lets see how they will play with this...

bad news... bad news for selling ?
To be honest it didnt play out how i though it would, i thought it would be bad however the PA didnt do much i got out with a BE. (well 2 pips) LOL.

Seems like a BC near and old top on the EU, with next bar down,HV there so its intresting to say the least.

be nice to see how the news plays out after 10am EST, hopefully things will settle down then.

EDIT: Big upthrust on 15 im in!
  • #5,262
  • Oct 6, 2010 7:48am Oct 6, 2010 7:48am
Quoting Tea_trader
To be honest it didnt play out how i though it would, i thought it would be bad however the PA didnt do much i got out with a BE. (well 2 pips) LOL.

Seems like a BC near and old top on the EU, with next bar down,HV there so its intresting to say the least.

be nice to see how the news plays out after 10am EST, hopefully things will settle down then.

EDIT: Big upthrust on 15 im in!
3860 for me right off the upper value area , target yesterday vwap
Blogging daily now at www.volume.zone
  • #5,263
  • Oct 6, 2010 8:04am Oct 6, 2010 8:04am
Quoting malcolmb14
awesome set up ..3800 or low target for today
Took only 20, closed when I saw it stalling at yesterday's high.
Might give another oportunity soon, though...

But Geithner is speaking now, and those speech moments are always a problem (price can suddenly move up or down during the speech, meaning well after the "event" started).

I can live with not taking more trades today... these little 20 plus some previous scalps already made my day.
Trying to avoid to overtrade is always a tough fight!
  • #5,264
  • Oct 6, 2010 8:12am Oct 6, 2010 8:12am
Quoting pete148
http://i865.photobucket.com/albums/a...ngVanGundy.jpg
I would say this is bearish engulfing pattern
  • #5,265
  • Edited 9:47am Oct 6, 2010 9:32am | Edited 9:47am
Quoting tonirai
Took only 20, closed when I saw it stalling at yesterday's high.
Might give another oportunity soon, though...

But Geithner is speaking now, and those speech moments are always a problem (price can suddenly move up or down during the speech, meaning well after the "event" started).

I can live with not taking more trades today... these little 20 plus some previous scalps already made my day.
Trying to avoid to overtrade is always a tough fight!
stopped out on that one as moving trades to BE asap these days.

GU is the pair to look for sells at is way weaker than eu .

POMO for another 30 min ... then we may see markets come off a bit
Blogging daily now at www.volume.zone
  • #5,266
  • Oct 6, 2010 10:01am Oct 6, 2010 10:01am
Quoting malcolmb14
stopped out on that one as moving trades to BE asap these days.

GU is the pair to look for sells at is way weaker than eu .

POMO for another 30 min ... then we may see markets come off a bit
I ended up taking about 10pips at yestodays POC (got in a touch late), the volume that came in there made me a littl uneasy, set that up with the fact it 'should' have been going up due to the news being bad for the dollar!

I think they was just playing games today... nice and choppy! no clear direction.

I had a bullish outlook on the Gu before news came out but as it NO result from the news i got out with 2 big bad pips LOL.

I thought i see buyers over night in asia, and there was a few HV downbars....but as it looks now there no result from them either!
Back to the drawing board!
  • #5,267
  • Oct 6, 2010 10:44am Oct 6, 2010 10:44am
that top on eu I posted a while back should have worked .. forgot about POMO again today. Blasted eu right into my stop and beyond...

Hate missing moves but eu on that down move of london top on a 30 min had massive vol .. missed it somehow on my scans..lol

Quoting Tea_trader
I ended up taking about 10pips at yestodays POC (got in a touch late), the volume that came in there made me a littl uneasy, set that up with the fact it 'should' have been going up due to the news being bad for the dollar!

I think they was just playing games today... nice and choppy! no clear direction.

I had a bullish outlook on the Gu before news came out but as it NO result from the news i got out with 2 big bad pips LOL.

I thought i see buyers over night in asia, and there was a few HV downbars....but as it looks now there no result...
Blogging daily now at www.volume.zone
  • #5,268
  • Oct 6, 2010 10:56am Oct 6, 2010 10:56am
I didn't know it painted purple too. Interesting drop on the RSI as well. But alas, the FED is up, I mean, the TREND is up.

Attached Image (click to enlarge)
Click to Enlarge Name: s&p.gif Size: 21 KB
  • #5,269
  • Oct 6, 2010 11:04am Oct 6, 2010 11:04am
GU LONG

Best,
Tom
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu buy.gif Size: 15 KB
Click to Enlarge Name: gu long entry.gif Size: 9 KB
  • #5,270
  • Oct 6, 2010 11:14am Oct 6, 2010 11:14am
Quoting tfflyer
GU LONG

Best,
Tom

hope this works for you Tom , you just bought 7 pip under a major resistance on the weakest pair out there , and if you look on the 30 min it seems like distribution on GU ....
Blogging daily now at www.volume.zone
  • #5,271
  • Oct 6, 2010 11:22am Oct 6, 2010 11:22am
As You see - i offen buy at resistance and sell at supports


Best,
Tom


Quoting malcolmb14
hope this works for you Tom , you just bought 7 pip under a major resistance on the weakest pair out there , and if you look on the 30 min it seems like distribution on GU ....
  • #5,272
  • Oct 6, 2010 11:28am Oct 6, 2010 11:28am
Quoting tfflyer
As You see - i offen buy at resistance and sell at supports


Best,
Tom
lol you and me both ....
Blogging daily now at www.volume.zone
  • #5,273
  • Oct 6, 2010 12:00pm Oct 6, 2010 12:00pm
Quoting 1pipperhour
I would say this is bearish engulfing pattern
Small black bar up, followed by a missive red bar down.
  • #5,274
  • Oct 6, 2010 12:16pm Oct 6, 2010 12:16pm
gu range play (1.5910 to 1.5867)

es open range held at 1158 , target 1147. (open rnage low 1154) ...been what I have been on all morning
Blogging daily now at www.volume.zone
  • #5,275
  • Oct 6, 2010 1:04pm Oct 6, 2010 1:04pm
Stoped out with small sl.

Best,
Tom


Quoting tfflyer
GU LONG

Best,
Tom
  • #5,276
  • Oct 6, 2010 2:13pm Oct 6, 2010 2:13pm
something cooking on gu ...

looks like distribution to me day before interest rates out of uk ,,, could have a down day tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 147 KB
Blogging daily now at www.volume.zone
  • #5,277
  • Oct 6, 2010 3:00pm Oct 6, 2010 3:00pm
Quoting malcolmb14
something cooking on gu ...

looks like distribution to me day before interest rates out of uk ,,, could have a down day tomorrow.

Attachment
if we may have a down move tomorrow, could we have up-thrust day as well ?
  • #5,278
  • Oct 6, 2010 3:32pm Oct 6, 2010 3:32pm
Maybe a touch of 1.60 and down ??
Trade Smart
  • #5,279
  • Oct 6, 2010 4:09pm Oct 6, 2010 4:09pm
Better not to have an opinion and just click an entries


Best,
Tom
  • #5,280
  • Oct 6, 2010 5:48pm Oct 6, 2010 5:48pm
Hi, does anybody know of a plataform with good volumes on daily FX charts, since metatrader's brokers' daily volume is bad...
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Macallik