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vsa with Malcolm

  • #5,841
  • Oct 28, 2010 6:51am Oct 28, 2010 6:51am
Sorry, ND not NS.:nerd:
  • #5,842
  • Oct 28, 2010 6:55am Oct 28, 2010 6:55am
Quoting Eulogy
M5 & M15 on Broco
There are some ND type bars on the M15 chart however, they may not be 'No Demands'. They may just be part of a 'breathing spell' after the push through resistance.

In order for them to be genuine NDs, we would have to have weakness in the background. We do have a wide spread up bar on high volume but it closes fairly close to the high which negates some of the weakness.

Take care here.
  • #5,843
  • Oct 28, 2010 6:59am Oct 28, 2010 6:59am
Well, it went down 47 pips, so I really cannot see anything else than weakness in that setup. And then coming back to same level with 2 no demands.
I dont know, something to learn.
  • #5,844
  • Oct 28, 2010 7:13am Oct 28, 2010 7:13am
Quoting juhanimi
Well, it went down 47 pips, so I really cannot see anything else than weakness in that setup. And then coming back to same level with 2 no demands.
I dont know, something to learn.
Dont beat yorself up about it, it's a simple mistake to make.

The problem is that you're not taking enough notice of the background. Recent background is almost all strength with the up trend. With that in mind, the fairly small amount of weakness we see(good quality UT and ND) will struggle to change the trend. I'm afraid you simply missed the short trade.

There are times you can trade on just NDs or NSs but this isn't one of them.

As a rule of thumb, once you see a SO after an UT, the trade is over and visa versa. You would need to see another full setup in order to enter. If you really want to enter again quickly(I dont recommend trading in haste), enter with the major trend.
  • #5,845
  • Oct 28, 2010 7:16am Oct 28, 2010 7:16am
Quoting Intel
There are some ND type bars on the M15 chart however, they may not be 'No Demands'. They may just be part of a 'breathing spell' after the push through resistance.

In order for them to be genuine NDs, we would have to have weakness in the background. We do have a wide spread up bar on high volume but it closes fairly close to the high which negates some of the weakness.

Take care here.

Did you enter Eulogy?
  • #5,846
  • Oct 28, 2010 7:19am Oct 28, 2010 7:19am
Thanks Intel, something to think about.
  • #5,847
  • Oct 28, 2010 7:23am Oct 28, 2010 7:23am
Quoting Intel
Did you enter Eulogy?
nope, was busy doing something else at that time
  • #5,848
  • Oct 28, 2010 7:24am Oct 28, 2010 7:24am
Quoting Eulogy
nope, was busy doing something else at that time
Good man, hope you're trading well.
  • #5,849
  • Oct 28, 2010 7:31am Oct 28, 2010 7:31am
GU M15

Possible EORM setup coming. If it is, we will see a good drop.
  • #5,850
  • Oct 28, 2010 7:43am Oct 28, 2010 7:43am
I am short from 1.3881, sl is be, hope this was a turning point.
  • #5,851
  • Oct 28, 2010 7:43am Oct 28, 2010 7:43am
Quoting Intel
GU M15

Possible EORM setup coming. If it is, we will see a good drop.

Not quite but, the sentiment is still there. This might be the end of the up move for now. Good time to be looking for good quality short setups. But, don't short unless the setup appears.
  • #5,852
  • Oct 28, 2010 7:48am Oct 28, 2010 7:48am
Guys wait until volume has made its move
  • #5,853
  • Oct 28, 2010 7:51am Oct 28, 2010 7:51am
Quoting sidhujag
Guys wait until volume has made its move
Are you directing that at me?
  • #5,854
  • Oct 28, 2010 7:53am Oct 28, 2010 7:53am
Nope to people placing trades already... on this move... could be a headfake or could keep going.
  • #5,855
  • Oct 28, 2010 7:56am Oct 28, 2010 7:56am
Quoting sidhujag
Nope to people placing trades already... on this move... could be a headfake or could keep going.
If you're waiting for volume to show.....you've already missed it.

M15 highest volume in the last 75 bars.

Also, M5 has an EORM.
  • #5,856
  • Oct 28, 2010 8:00am Oct 28, 2010 8:00am
Quoting paul1
Thankyou malcolm.

I am starting to think you are a head of a central bank .

vsa is a front, you sometimes tell us which way you going to move price.

Your are most generous buddy. (joking your cool)
well I posted yesterday what i saw ... Petar was all over me saying yopu cannot predict the future.. lol .. WRONG .. sorry Petar..just joking with you

it was a pretty easy set up
Blogging daily now at www.volume.zone
  • #5,857
  • Oct 28, 2010 8:01am Oct 28, 2010 8:01am
That was one my best trades these days.
I took zero pips. LOL
  • #5,858
  • Oct 28, 2010 8:01am Oct 28, 2010 8:01am
Well on avg highest volume of day comes at NY+London.

Only potentials I see are GU which hit resistance... if it breaks that... we go way up. That's why I'm saying this. Maybe not done.

Jag
  • #5,859
  • Oct 28, 2010 8:02am Oct 28, 2010 8:02am
Quoting juhanimi
I am short from 1.3881, sl is be, hope this was a turning point.

no ... buy dips... all the way to 1.3950 ...

todays range ends at 1.3920 to 3950 and it is a pomo day

1.3850 Major support on charts now

even though 15 min go hit by sellers we need to see a better top form ... we are above todays poc and yesterdays upper value area , that means buy dips day for me even if i do miss a 100 pip down move. Today has been buy day for those pros
Blogging daily now at www.volume.zone
  • #5,860
  • Oct 28, 2010 8:07am Oct 28, 2010 8:07am
Thanks Mal.
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