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vsa with Malcolm

  • #6,921
  • Nov 19, 2010 3:24am Nov 19, 2010 3:24am
I'm expecting sellers to come in, those who went long on 15 Nov (without sl orders). Hope there is much of them so I could take nice ride down.
  • #6,922
  • Nov 19, 2010 5:31am Nov 19, 2010 5:31am
Thanks polomine and beljevina, I've been looking at the 4, and unfortunately, the volumes discrepancies on the daily and weekly are very visible. The 2 who looked more alike were FXDD and FXPro, but I don't know if it's safe to trade with probably wrong by a wide margin volume. Intraday the volumes are very close to real volume, but on these higher TFs...
  • #6,923
  • Nov 19, 2010 7:17am Nov 19, 2010 7:17am
Quoting 1pipperhour
I'm expecting sellers to come in, those who went long on 15 Nov (without sl orders). Hope there is much of them so I could take nice ride down.
Well this was easy. What next? Seems there is resistance @5990 - 5980.
  • #6,924
  • Nov 19, 2010 8:10am Nov 19, 2010 8:10am
Quoting taomql4
EU is playing games--it's trying to aviod a "SLAM SESSION"..lol.. but i dare say "it will eventually Happen "..
Hope everyone is enjoying the SLAM SESSION now in progress...
  • #6,925
  • Nov 19, 2010 8:12am Nov 19, 2010 8:12am
Quoting Petar_Serbia
For today i choose cable for intraday trade..We are in very good down chanel on cable,and on German sess we got stoping and high volume on upper diagonal i love to see that...I waited London to open to se reaction and i think cable dont have power for future up and expext down about 100 pips...My TP is on 1.5960 sl about 1.6105


Cheers

Petar
Oh , i see you are, Petar. !!!
  • #6,926
  • Nov 19, 2010 8:13am Nov 19, 2010 8:13am
Quoting taomql4
Hope everyone is enjoying the SLAM SESSION now in progress...
Maybe EU found its resistance. GU didn't
  • #6,927
  • Nov 19, 2010 8:41am Nov 19, 2010 8:41am
Quoting 1pipperhour
Maybe EU found its resistance. GU didn't
EU is still trying to absorb buyers below--i think they will succeed..
TP@ .3550 ..
  • #6,928
  • Nov 19, 2010 8:46am Nov 19, 2010 8:46am
maybe gu is going to sideway between two mml line 1.5960~1.5990, since no selling climax action at background, and daily range is almost completed.
Attached Image (click to enlarge)
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  • #6,929
  • Nov 19, 2010 8:55am Nov 19, 2010 8:55am
Haha, the range is broken. the next mml line is 1.5930, let's see.

Quoting polomine
maybe gu is going to sideway between two mml line 1.5960~1.5990, since no selling climax action at background, and daily range is almost completed.
  • #6,930
  • Nov 19, 2010 9:14am Nov 19, 2010 9:14am
Quoting polomine
Haha, the range is broken. the next mml line is 1.5930, let's see.
Don't wanna anymore. Enough for this week. Yesterday was one hell of a bad day. Eventually managed to end it with +2 pips . Today good and all week almost OK.
  • #6,931
  • Nov 19, 2010 9:14am Nov 19, 2010 9:14am
Quoting taomql4
EU is still trying to absorb buyers below--i think they will succeed..
TP@ .3550 ..

EU15 looks like strong buyers on the last 2 down moves to 3650 area. Am I reading that right? Last down bar is highest vol of the day to test the Asia open and it closed off the low followed by an up bar. Still learning here, is that not buyers?
Change is the only constant
  • #6,932
  • Nov 19, 2010 9:40am Nov 19, 2010 9:40am
Quoting Petar_Serbia
For today i choose cable for intraday trade..We are in very good down chanel on cable,and on German sess we got stoping and high volume on upper diagonal i love to see that...I waited London to open to se reaction and i think cable dont have power for future up and expext down about 100 pips...My TP is on 1.5960 sl about 1.6105


Cheers

Petar
This is i call LTW (lovetowatch) trade.I risked 50 pips and took about 95 pips and this is very important to have if you want to trade consistantly.

Low risk = HIgh profit

Today i saw many setups USDCAD,AUDUSD but i choose one for every day max 2 if i see 2 very good setups.I will post these charts later...

Cheers and i hope you also took pips
Petar
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"Buy on fear, sell on greed !!!
  • #6,933
  • Nov 19, 2010 9:47am Nov 19, 2010 9:47am
Quoting tgwhbb
EU15 looks like strong buyers on the last 2 down moves to 3650 area. Am I reading that right? Last down bar is highest vol of the day to test the Asia open and it closed off the low followed by an up bar. Still learning here, is that not buyers?
Sometimes down bars on high volumes doesn't always mean buying. When
You take a look at higher TF say the 1hr--when you look to your left , there
are buyers still sitting at the blue markers . If they won't rapidly mark it down ,then they have to take the hit and absorb those buyers, if they
intend to go down.So high volume down bars in those areas could simply mean
volume absorption--so you wait , if you see a NO-demand a few bars after the
high volume bar , then they have succeeded in removing demand in that BOX/AREA.

If not , you might even see some bounces , till it's done..

Hope that helps ...
Attached Image (click to enlarge)
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  • #6,934
  • Nov 19, 2010 10:03am Nov 19, 2010 10:03am
Hi, your trading result is impressive. May I ask you if the market goes against you, you will wait the SL to be hit, or close it immediatly?

Quoting Petar_Serbia
This is i call LTW (lovetowatch) trade.I risked 50 pips and took about 95 pips and this is very important to have if you want to trade consistantly.

Low risk = HIgh profit

Today i saw many setups USDCAD,AUDUSD but i choose one for every day max 2 if i see 2 very good setups.I will post these charts later...

Cheers and i hope you also took pips
Petar
  • #6,935
  • Nov 19, 2010 10:12am Nov 19, 2010 10:12am
Quoting taomql4
Sometimes down bars on high volumes doesn't always mean buying. When
You take a look at higher TF say the 1hr--when you look to your left , there
are buyers still sitting at the blue markers . If they won't rapidly mark it down ,then they have to take the hit and absorb those buyers, if they
intend to go down.So high volume down bars in those areas could simply mean
volume absorption--so you wait , if you see a NO-demand a few bars after the
high volume bar , then they have succeeded in removing demand in that BOX/AREA.

If not , you might even...
ah yes, the confirmation...patience, patience, patience...i'm starting to get used to that

the last 2 1hr bars look like hv ut's, and similarly the 15 and 30 is showing UT as well. so if we assume they are absorbing the buyers, then wait for the ND, but what would negate that assumption?

Thanks!
Change is the only constant
  • #6,936
  • Nov 19, 2010 10:20am Nov 19, 2010 10:20am
Quoting tgwhbb
ah yes, the confirmation...patience, patience, patience...i'm starting to get used to that

the last 2 1hr bars look like hv ut's, and similarly the 15 and 30 is showing UT as well. so if we assume they are absorbing the buyers, then wait for the ND, but what would negate that assumption?

Thanks!
Another No-supply bar !!! So you wait for the no-demand's to get confirmed with a down bar (one of next 2 bars and a break of the lows of the ND'S)-- as you can see now, the high volume down bar doesn't look like buyers anymore..
  • #6,937
  • Nov 19, 2010 11:26am Nov 19, 2010 11:26am
Heya


here are some thougts on this ultra high vol up bar on EJ daily...

as i think we are in accumulation on EJ .. now the ultra high vol bar
gives some further indications on this ...


as i see it .. the ultra high vol upbar .. on relative narrow spread(compared to BOJ intervention)was intented to not explode in price ... as they are still accumulating ,they buy Eur/Jpy and also sell into it but they are buying more then they sell as they are accumulating .. that selling and buying .. keeps the price relatively narrow ... while accumulating .. on that day ..

while also its an effort to rise .. we will see the result next week.. will be interresting to watch


waht are your thoughts on this ?
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  • #6,938
  • Nov 19, 2010 12:23pm Nov 19, 2010 12:23pm
Quoting polomine
Hi, your trading result is impressive. May I ask you if the market goes against you, you will wait the SL to be hit, or close it immediatly?
thanks polom,

Always wait my SL,becouse i always do special analisy for SL,that is one of most important part in trading same like TP or triger.When i go in setup i do 3 analisy for triger,sl and tp that is for me trading...For exmaple today i put Sl on cable 1.6105 price was near 1.6100 than i got my tp...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #6,939
  • Nov 19, 2010 1:20pm Nov 19, 2010 1:20pm
GU- Was Great(as usual) completing it's daily session on point-

EU--Huh , Not so much --

Okay guys calling it a week -closing out my positions for the weekend (God knows what could come out of the Euro bailout debacle)

Gotta go - New Girlfriend is picking up--

-- Nice weekend Everyone..!!
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Attached Image
  • #6,940
  • Nov 19, 2010 1:53pm Nov 19, 2010 1:53pm
Quoting taomql4
EU is still trying to absorb buyers below--i think they will succeed..
TP@ .3550 ..

I am very bullish eu now ... after today thinking we have a 300 to 400 pip up week next week,

today was bag holding ... go look at your 60 min charts you will see the buying on dips really clearly. 1.3720 failed for now but not sure it will next week.

es same , came down tested 1188 and found buyers to take it back up for the day

as for gu got to 60 min and look at 5940 area, seems like massive buying on what could be a shake out.

I am not bearish at all on eu and gu to be honest
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