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vsa with Malcolm

  • #7,081
  • Nov 22, 2010 1:01pm Nov 22, 2010 1:01pm
Quoting tonirai
What's wrong with all this discussion?
I'll tell you all what's wrong, from my point of view.

This thread is called VSA with Malcolm, and is about learning to trade using vsa concepts, taking trades using vsa concepts.
VSA tells it can be used on all timeframes, from lower to higher ones. Point and end of story.

Now, Petar disagrees and comes here basically saying that trading longer term is bullshit;
He says this was a little debate, but he complains that words like "lol", "wrong", "correct", "isn't true" are offensive.

Well,...
I know english enough for me,and i said in Serbia if you say wrong or lol like sarcasam is very very bad and your post is another signal that tell me this thread atmosphere is very bad and i wont post here anymore.Also English isnt my mother lang. Serbian is my mother lang and i also speak spanish but that is nevermind

For the end > I wish you good trading and hope some of you will become a milionaire in future...I also want to say for guys wish is new in Forex,create your rules for trading and dont trade according one or two books you read.Think logicly(with your brain) and trade relaxed.Thats it from me...

Guys happy trading and i wont post here anymore...

Petar
"Buy on fear, sell on greed !!!
  • #7,082
  • Edited 1:35pm Nov 22, 2010 1:17pm | Edited 1:35pm
Quoting Petar_Serbia
I know english enough for me,and i said in Serbia if you say wrong or lol like sarcasam is very very bad...
For you Petar...

i 've said it once or twice , taking life too seriously will drive you nuts--

Inserted Video
  • #7,083
  • Nov 22, 2010 1:52pm Nov 22, 2010 1:52pm
DR g and i looking at eu today and last week . This thing looks like it being bought like mad. Today es massive shake out ..1200 before end of day.

EU if we get back above 1.3650 in next London then could be bullish. Look at your 60 min charts
Blogging daily now at www.volume.zone
  • #7,084
  • Nov 22, 2010 2:09pm Nov 22, 2010 2:09pm
my new phrase ...

bag holding

look for up move and tests in London ... isn't tomorrow the day the Irish bailout detials are annouced ?

something is going on .... 4 hr if 1.3580 holds is a classic inverse head and shoulders

I am looking for price back about 1,3650 and testing for entry

I would not be surprised to see this move form here to 1.44. NOT saying it is going to but would not be surprised

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 145 KB
Blogging daily now at www.volume.zone
  • #7,085
  • Nov 22, 2010 2:18pm Nov 22, 2010 2:18pm
Quoting malcolmb14
my new phrase ...

bag holding

look for up move and tests in London ... isn't tomorrow the day the Irish bailout detials are annouced ?

something is going on .... 4 hr if 1.3580 holds is a classic inverse head and shoulders

I am looking for price back about 1,3650 and testing for entry

I would not be surprised to see this move form here to 1.44. NOT saying it is going to but would not be surprised

Attachment
Hi malc,

I'm glad to see you mention the inverse H&S as I noticed that today as well on 4hr and 1hr charts. From VSA perpsective, the right shoulder has lower vol on 1hr and 4hr charts, if i remember right there was mention in MTM that this is indicative of fewer sellers. Does that sound right?

your insight and interpretation is of great help, please keep it coming!

EDIT: based on my noob analysis of H&S patterns, the bottom of the head to the neck line would yeild a potential target of 1.41 if the neckline is broken. May I ask how you derived 1.44 as a potential target?
Thx!
-tg
Change is the only constant
  • #7,086
  • Nov 22, 2010 2:23pm Nov 22, 2010 2:23pm
Quoting malcolmb14
my new phrase ...

bag holding

look for up move and tests in London ... isn't tomorrow the day the Irish bailout detials are annouced ?

something is going on .... 4 hr if 1.3580 holds is a classic inverse head and shoulders

I am looking for price back about 1,3650 and testing for entry

I would not be surprised to see this move form here to 1.44. NOT saying it is going to but would not be surprised

Attachment
Blimey Malcolm, you're seeing chart patterns before they even appear... lol

I hope you're right... I got a long in at 1.3583, somewhere on the forehead
http://www.forexfactory.com/showthre...40#post4190940

Happy trading matey!
  • #7,087
  • Nov 22, 2010 2:24pm Nov 22, 2010 2:24pm
Shvatio sam da ovim ljudima nema pomoci... treba ih pustiti da pogube sve sto imaju
  • #7,088
  • Nov 22, 2010 2:32pm Nov 22, 2010 2:32pm
Quoting malcolmb14
DR g and i looking at eu today and last week . This thing looks like it being bought like mad. Today es massive shake out ..1200 before end of day.

EU if we get back above 1.3650 in next London then could be bullish. Look at your 60 min charts

In my opinion there are two supply levels : 11-11-10 and 11-12-10 that were hit today and combined with ireland and overall PIIGS problems couldn't pass that levels...so it was sold heavily...looking at H4 it is not over yet...
The Market pays you to be disciplined
  • #7,089
  • Nov 22, 2010 2:41pm Nov 22, 2010 2:41pm
Quoting Awp Shout
Shvatio sam da ovim ljudima nema pomoci... treba ih pustiti da pogube sve sto imaju
translated: "I've come to the understanding that there is no help for these people ... they should be left alone to lose everything they have"

Question of course is, who you're talking about...
  • #7,090
  • Nov 22, 2010 2:53pm Nov 22, 2010 2:53pm
Interesting... those people understand everything here.. everything except trading.. Beljevina, thanks for translating
  • #7,091
  • Edited 3:12pm Nov 22, 2010 2:55pm | Edited 3:12pm
Quoting malcolmb14
my new phrase ...

bag holding

look for up move and tests in London ... isn't tomorrow the day the Irish bailout detials are annouced ?

something is going on .... 4 hr if 1.3580 holds is a classic inverse head and shoulders

I am looking for price back about 1,3650 and testing for entry

I would not be surprised to see this move form here to 1.44. NOT saying it is going to but would not be surprised

Attachment
For me , am just trading some of the daily session moves(the channels) -- am bullish EU and i think we will see 1.400-ish- if i wasn't following some of the Entertainment you guys were providing with the roundabout arguements ..LOL, Maybe i would be in my EU long entry now--i was waiting and watching for JUST where it reverses on the Lows(where BUYING would start again , for my entry)--

Watching to see , if this is where it reverses , i do not want to pick it too early..
Attached Image (click to enlarge)
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  • #7,092
  • Nov 22, 2010 3:18pm Nov 22, 2010 3:18pm
this gap up is bullish, taking out resistance. followed by drive back down to previous spot where we have seen massive volume on the 30m last week, triggerlevel 3580 to the pip. after shaking out below 3600 again today, price came back above with decent volume on the reaction. until further things happen, this was reaccumulation to me on discount mode.
Attached Image (click to enlarge)
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  • #7,093
  • Nov 22, 2010 3:20pm Nov 22, 2010 3:20pm
Quoting mima
In my opinion there are two supply levels : 11-11-10 and 11-12-10 that were hit today and combined with ireland and overall PIIGS problems couldn't pass that levels...so it was sold heavily...looking at H4 it is not over yet...
who knows lol...

eu could do anything .. I know there was a ton of buying on the way down again today.

I took a 1.3590 long for a quick few but mostly traded es (almost closed gap) ... so with that in mind if the marlet is really scared of eu issues wouldn't es have just kept going , yet here we are 1200 and effectively a bloody great pin bar on the daily.

tomorrow is another day ... but i will track eu on the 2 hour charts just see we can all see how this plays out , it will be a learning experience for everyone
Blogging daily now at www.volume.zone
  • #7,094
  • Nov 22, 2010 3:43pm Nov 22, 2010 3:43pm
Now lets move on
Quoting tonirai
What's wrong with all this discussion?
I'll tell you all what's wrong, from my point of view.

This thread is called VSA with Malcolm, and is about learning to trade using vsa concepts, taking trades using vsa concepts.
VSA tells it can be used on all timeframes, from lower to higher ones. Point and end of story.

Now, Petar disagrees and comes here basically saying that trading longer term is bullshit;
He says this was a little debate, but he complains that words like "lol", "wrong", "correct", "isn't true" are offensive....
  • #7,095
  • Nov 22, 2010 6:21pm Nov 22, 2010 6:21pm
Some pretty decent volume at one of the most illiquid times - looks like stopping to me; seemed quit significant on M5 in the last 60-90 minutes too.
Attached Image (click to enlarge)
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  • #7,096
  • Nov 22, 2010 6:24pm Nov 22, 2010 6:24pm
Quoting Awp Shout
Interesting... those people understand everything here.. everything except trading.. Beljevina, thanks for translating
Your reputation and post history precedes you. That's sarcasm BTW. Go find some other wind to piss into: you're leaving a mess here.
  • #7,097
  • Nov 22, 2010 6:32pm Nov 22, 2010 6:32pm
Quoting Beljevina
Some pretty decent volume at one of the most illiquid times - looks like stopping to me; seemed quit significant on M5 in the last 60-90 minutes too.
.. Yeah i reckon your picture tells it all..and the mini looks like it was bought hard from the lows.. a strong close on the mini abve 1200.. would see this GO GO.. as per Malcs .. calls re vol .. accumilation.. I will be looking real hard to buy..Great picture..
  • #7,098
  • Nov 22, 2010 6:33pm Nov 22, 2010 6:33pm
Quoting Awp Shout
Interesting... those people understand everything here.. everything except trading.. Beljevina, thanks for translating
vise nasi ovde nego sto sam mislio

what do u mean we dont understanding trading?whats there to not understand?
  • #7,099
  • Nov 22, 2010 6:36pm Nov 22, 2010 6:36pm
is the work of low demand driving the euro down,the news is saying that major banks nd instituions have turned from buyers to sellers,no bodyb wants the toxic dump,arrr theyll have to throw it on iraq to get rid of it lol
  • #7,100
  • Nov 22, 2010 7:07pm Nov 22, 2010 7:07pm
Certainly not seeing any bullish PA on this Japanese holiday ... just threw on another fib from the recent 850 decline low to yesterday's high - was going to write we're certain to make the trek down to the next/last 23.6% fib at 1.35257, assuming the last outpost LTL doesn't hold around 1.355. Just realized too yesterday's decline was 200 pips (and I got only a hundred of it, arghh!) Perhaps the bullish-turned-bear PA of Asia last night will be reversed ... too much fundamental noise here to confidently call this one ... heck I can't write fast enough ... down to 1.3565 ... !
Attached Image (click to enlarge)
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