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vsa with Malcolm

  • #6,861
  • Nov 18, 2010 2:15am Nov 18, 2010 2:15am
Quoting comapip
OMG can't imagine what's going on in EU thread. I bet everyone's yelling If we test 1.37 and come back down, then it should be bear time. I say 1.37 because there's high volume and breakout/s/r level. If today is the same as yesterday with low volume and not a 200 pip range, that scenario is quite likely. Even a 200 pip range wouldn't invalidate that as long as the close is at or lower than 1.37.
I was looking at EU 4H and it formed somekind of an up-thrust there. Waiting for confirmation. I'm still not very bullish yet.
  • #6,862
  • Edited 3:53am Nov 18, 2010 3:37am | Edited 3:53am
Quoting comapip
OMG can't imagine what's going on in EU thread. I bet everyone's yelling If we test 1.37 and come back down, then it should be bear time. I say 1.37 because there's high volume and breakout/s/r level. If today is the same as yesterday with low volume and not a 200 pip range, that scenario is quite likely. Even a 200 pip range wouldn't invalidate that as long as the close is at or lower than 1.37.
1.37 is a 78% fib off last high of 1.3776, which is still valid for a bear run. But what has my attention right now is if there will be bounce around 1.3470-ish, which will be a signal for me to start exiting my shorts. If not then Im on auto-pilot till 1.3.

The high volume on london open for just the 16th, mixed with no selling pressure for right now anyways. Im skeptical that we are starting an acc phase, I think there would have been more subtle buying before the 16th spike. Seems that the market is taking a rest, with that said, Im still keeping my eyes and mind open.

Just my view anyways..
GL all.
  • #6,863
  • Edited 4:09am Nov 18, 2010 3:57am | Edited 4:09am
Quoting Petar_Serbia
Absolutly yes my friend,

Gu is finaly on point i waited but still wait my MA to confirm that on M15...I took USDCAD setup for sell with risk about 40 pips and potencial TP 80 pips it will be interesting,we are in good chanel i we have nice chanel projection,i put TP on for me strong previuse swing and also there is fibo..
If se MA on GU i will take trade and TP on 61.8 fibo....

Cheers

Petar

Charts :
Both TPS HIT


Cable about 70 pips profit and USDCAD i put SL on +50 and wait 80

CHeers

Petar

EDIT: Trade USDCAD closed on +50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tphit.gif Size: 30 KB
Click to Enlarge Name: sl+50.gif Size: 29 KB
"Buy on fear, sell on greed !!!
  • #6,864
  • Nov 18, 2010 4:09am Nov 18, 2010 4:09am
Just looking at the gbp/usd 60 min chart

We closed above yesterdays high on the highest volume of today. But we did not close near the high of the bar, now thinking supply must be coming in.

Happy Trading
  • #6,865
  • Nov 18, 2010 4:14am Nov 18, 2010 4:14am
Same with EU Aspire. I think small fish are all long now and sharks are coming.
  • #6,866
  • Nov 18, 2010 5:03am Nov 18, 2010 5:03am
Quoting taomql4
shorts--
gu--tp @ .5850
eu tp @ .3398--
Totally missed the accumulation on 1 hr TF- Jeez , was i blind..lol--
and the hulls in raging mode was a give away too- Last time i trade against it..

Nothing came close to that Volume..
Attached Image (click to enlarge)
Click to Enlarge Name: euaccu.jpg Size: 142 KB
  • #6,867
  • Nov 18, 2010 5:20am Nov 18, 2010 5:20am
Quoting taomql4
Totally missed the accumulation on 1 hr TF- Jeez , was i blind..lol--
and the hulls in raging mode was a give away too- Last time i trade against it..

Nothing came close to that Volume..
Accumulation started yesterday...
The Market pays you to be disciplined
  • #6,868
  • Nov 18, 2010 5:44am Nov 18, 2010 5:44am
Soooo buyers absorbed sellers already? Anyway, 1.37 and 1.376 are good resistances in my opinion. 1.376 even is a 38% fib. and previous support.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_2010-11-18.png Size: 53 KB
  • #6,869
  • Nov 18, 2010 5:44am Nov 18, 2010 5:44am
EU M15

I don`t believe this up move with so low volume, I think this is coming down.
  • #6,870
  • Nov 18, 2010 6:05am Nov 18, 2010 6:05am
For today setup i choose AUDUSD becouse i see mini chanel wich has good projection on Ultra High volume and i love to see that,i go for 35-40 pips....


Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: audis.gif Size: 29 KB
"Buy on fear, sell on greed !!!
  • #6,871
  • Nov 18, 2010 6:51am Nov 18, 2010 6:51am
Quoting skyscraper
Open short from 1.4252 and still open
  • #6,872
  • Nov 18, 2010 7:02am Nov 18, 2010 7:02am
EU M15
ND, now there are many signs of weakness, but news half hour.
  • #6,873
  • Nov 18, 2010 7:06am Nov 18, 2010 7:06am
Quoting juhanimi
EU M15
ND, now there are many signs of weakness, but news half hour.
also days range now complete 1.3720 could be target

ireland bail out , gm shares and pomo today could all be bullish for us stock market
Blogging daily now at www.volume.zone
  • #6,874
  • Nov 18, 2010 7:21am Nov 18, 2010 7:21am
I should listen more you Mal, you are more right than wrong, but I am short and took 10 pips closed half and sl be, so I think news gonna take me out.
  • #6,875
  • Nov 18, 2010 7:47am Nov 18, 2010 7:47am
Hey, does anyone know a broker with good volumes on daily and weekly FX?
  • #6,876
  • Nov 18, 2010 7:57am Nov 18, 2010 7:57am
EU M15

Top reversal, no demand and now possible upthrust, how can this go up?
  • #6,877
  • Nov 18, 2010 8:06am Nov 18, 2010 8:06am
Quoting juhanimi
EU M15

Top reversal, no demand and now possible upthrust, how can this go up?
It seems that someone wants your money . But weakness is there a long time now.
  • #6,878
  • Nov 18, 2010 8:09am Nov 18, 2010 8:09am
Could be the top for the day. But just be aware that there are a few speeches today and maybe something new about Ireland situation.
  • #6,879
  • Nov 18, 2010 8:12am Nov 18, 2010 8:12am
AUDUSD...IMO lot of sellers at 0.9891 area..H1
The Market pays you to be disciplined
  • #6,880
  • Nov 18, 2010 8:50am Nov 18, 2010 8:50am
Maybe a H&S pattern forming for aud/usd. Pure speculation, obviously. Target could be 91 or 90 if it comes true. We'll see what happens.
Attached Image (click to enlarge)
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