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vsa with Malcolm

  • #7,501
  • Nov 30, 2010 8:15pm Nov 30, 2010 8:15pm
Quoting flipnfaith
A question for you volume guys....

Can anyone explain the large amount of volume in today's trading ? I went back through the Daily Charts and can't see a day with that much volume.

Not sure .... dr geppy and I noticed same thing... up move on 2 hr gu was on mega high volume , so far just hit market sideways ,
Blogging daily now at www.volume.zone
  • #7,502
  • Nov 30, 2010 8:25pm Nov 30, 2010 8:25pm
p-lva = prior days lower value area
p- poc - prior days poc
p-uva = prior days upper value area ( top 70 % ile of volume)

1) 1st 10 min bar opened on support 1175 with effirt to puch down met by buyers took us +6 points just above prior days vwap and todays poc (pink line)

2) supply entered market pushed price down into prior days poc where we saw selling pressure subside

3) buying pressure due to wicks on candles

4) up move into poc and then rejection off it BUT on low vol = test , buy placed just above that candle.

5) price moves form 1181 to prior days upper value area 1185.5 where we see clear buying cliamx (mentioned this in thread)

6) ut and top failure for sell of prior days upper value area

7) stopping volume coming in at 1181.1

8) retest 1185.5 and no demand for sell

HUGE volumes came in at end of day... not sure what that was all about

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Blogging daily now at www.volume.zone
  • #7,503
  • Nov 30, 2010 8:33pm Nov 30, 2010 8:33pm
ADP tomorrow... bet it is awesome... hence the large volumes on that down move today

Quoting malcolmb14
p-lva = prior days lower value area
p- poc - prior days poc
p-uva = prior days upper value area ( top 70 % ile of volume)

1) 1st 10 min bar opened on support 1175 with effirt to puch down met by buyers took us +6 points just above prior days vwap and todays poc (pink line)

2) supply entered market pushed price down into prior days poc where we saw selling pressure subside

3) buying pressure due to wicks on candles

4) up move into poc and then rejection off it BUT on low vol = test , buy placed just above that candle.

5) price moves form 1181...
Blogging daily now at www.volume.zone
  • #7,504
  • Nov 30, 2010 8:46pm Nov 30, 2010 8:46pm
Yea... From 3am Eastern US time to 11am Eastern US time, there was crazy amounts of Volume. All around that 1.3 level. Trying to figure out if I should close my shorts or add to the shorts ??
  • #7,505
  • Nov 30, 2010 8:52pm Nov 30, 2010 8:52pm
something coming down the pipeline .. some form of usd bear news ...

check out this gu 60 min


major buying IMHO

5650 to 5850 potential targets if this plays out

I do not trust this market from one session to the next ....but from basic vsa principles in normal market conditions GU 60 min says 200 to 300 pip up move.

1) stopping vol
2) shake out
3) stopping vol again

add this to that ES end of day volume... I bet some kind of awesome news come that drives market higher tomorrow. Just speculation as always... I am up at 5am for us / london overlap trading and take it from there

last 2 days gu has not completed it days range on down days .. this in itself is bullish

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Attached Image (click to enlarge)
Click to Enlarge Name: chart3146.gif71.png Size: 149 KB
Blogging daily now at www.volume.zone
  • #7,506
  • Nov 30, 2010 10:54pm Nov 30, 2010 10:54pm
The longs on the majors almost look to easy right now. Thats cause for worry...
  • #7,507
  • Dec 1, 2010 12:09am Dec 1, 2010 12:09am
Hi Malc,

What do you use to estimate the size of the possible up move? How do you figure it should be 200-300 pips?

Thanks!

Quoting malcolmb14
something coming down the pipeline .. some form of usd bear news ...


I do not trust this market from one session to the next ....but from basic vsa principles in normal market conditions GU 60 min says 200 to 300 pip up move.
Change is the only constant
  • #7,508
  • Dec 1, 2010 12:20am Dec 1, 2010 12:20am
Quoting malcolmb14
something coming down the pipeline .. some form of usd bear news ...

check out this gu 60 min


major buying IMHO

5650 to 5850 potential targets if this plays out

I do not trust this market from one session to the next ....but from basic vsa principles in normal market conditions GU 60 min says 200 to 300 pip up move.

1) stopping vol
2) shake out
3) stopping vol again

add this to that ES end of day volume... I bet some kind of awesome news come that drives market higher tomorrow. Just speculation as always... I am up at 5am for us...
Perhaps, but i don't expect a full trend reversal, more like a correction to around 1.5850 at the most. IMO The higher volume hasn't had enough time in the limelight for us to say that theres a distinct medium term background of buying. Keep in mind too that it took a massive effort for Cable to break below 1.56 so there could be a supply level there too.

Prolly best to stay ninja in this market . If only i had the time and dedication.....
  • #7,509
  • Dec 1, 2010 12:20am Dec 1, 2010 12:20am
Quoting tgwhbb
Hi Malc,

What do you use to estimate the size of the possible up move? How do you figure it should be 200-300 pips?

Thanks!
if those are buyers on 2 hr chart they have been accumualting for 48 hours. That should produce 200 pip move as gu can and does have 200 pip days recently
Blogging daily now at www.volume.zone
  • #7,510
  • Dec 1, 2010 1:03am Dec 1, 2010 1:03am
Quoting malcolmb14
if those are buyers on 2 hr chart they have been accumualting for 48 hours. That should produce 200 pip move as gu can and does have 200 pip days recently
on 24-25 also there were two days with narrow daily range sideaways action was followed by 200 pip down move...

here is the key point, how could we understand whether it was buying or dumping from strongs to weaks .. ?

please help and let me know your comments.


cheers...
  • #7,511
  • Edited 1:28am Dec 1, 2010 1:17am | Edited 1:28am
Quoting gez40
from a wider perspective
Hi gez, how would you decide/confirm that low volume there actually represents lack of buying interest? because it could very well be low volume due to the market not in an active timezone -pls correct me if i am wrong, thanks.


Quoting wannaberich
does it match yours, master?
here a pic
Hi, is that indi on your chart called "marketprofile.mq4"-- i have it and it looks like that.. but i do not know what the red, yellow and blue colors represent, and how it works.. can you teach me pls? Thanks.
  • #7,512
  • Dec 1, 2010 2:55am Dec 1, 2010 2:55am
Quoting foxybunny
GBP/USD M15 had a quick run-up.
Look like weakness in background.
Saw UpThrust on M15.

Decide to check on M5, got the UpThrust, Confirm down bar, then NoDemand, so enter short on M5 1.5568.

But note M15 has no real UT confirmation.
Gone in early on M5 rather than M15 coz miss action today and time to bed.

See what happens.
No chart here.
Above GBP/USD-Short just hit SL -30 pips.


London now moving GBP/USD.
Watch M15, don't want to watch M5.

Now UpThrust to a high of 1.5607, waiting for confirmation, perhaps another Short ?
  • #7,513
  • Dec 1, 2010 2:56am Dec 1, 2010 2:56am
Quoting malcolmb14
something coming down the pipeline .. some form of usd bear news ...

check out this gu 60 min


major buying IMHO

5650 to 5850 potential targets if this plays out

I do not trust this market from one session to the next ....but from basic vsa principles in normal market conditions GU 60 min says 200 to 300 pip up move.

1) stopping vol
2) shake out
3) stopping vol again

add this to that ES end of day volume... I bet some kind of awesome news come that drives market higher tomorrow. Just speculation as always... I am up at 5am for us...
GU Looking strong for the medium/longer term I think.
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  • #7,514
  • Dec 1, 2010 3:06am Dec 1, 2010 3:06am
Quoting foxybunny
Above GBP/USD-Short just hit SL -30 pips.


London now moving GBP/USD.
Watch M15, don't want to watch M5.

Now UpThrust to a high of 1.5607, waiting for confirmation, perhaps another Short ?
Care should be taken foxy, we don't have the buying climax (or high volume up bar) to start the setup.
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  • #7,515
  • Dec 1, 2010 3:16am Dec 1, 2010 3:16am
Quoting Intel
Care should be taken foxy, we don't have the buying climax (or high volume up bar) to start the setup.
Yep. Waiting for Confirmation.
More Up than Down since yesterday, and more like sideways.

Looking at 2-3 days ago for a high volume around 1.5600 that signal downtrend.
  • #7,516
  • Dec 1, 2010 3:32am Dec 1, 2010 3:32am
Quoting foxybunny
Yep. Waiting for Confirmation.
More Up than Down since yesterday, and more like sideways.

Looking at 2-3 days ago for a high volume around 1.5600 that signal downtrend.

Hope you were cautious
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  • #7,517
  • Dec 1, 2010 3:36am Dec 1, 2010 3:36am
Is it safe to say GU was absorbing supply? I was completely confused. Took a long and then the whipsawing action happened so I exited. Had very low volume up bars too. Now it took off on the news.
  • #7,518
  • Dec 1, 2010 3:38am Dec 1, 2010 3:38am
EU M30
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  • #7,519
  • Dec 1, 2010 3:40am Dec 1, 2010 3:40am
Quoting Intel
Hope you were cautious
Intel, what do you mean by FULL setup? Is it like a '4 bar setup', with the last bar down to confirm the weakness or something?

Would you think the EU now is in a retrace and price will further up considering what seemed like accumulation in the background according to the section on your chart.. and price is creating something like a cup shape..?
  • #7,520
  • Dec 1, 2010 3:42am Dec 1, 2010 3:42am
Quoting Intel
Hope you were cautious
Yes catious. Not in anything.

G/U now looks strong.

E/U , E/J not as strong like G/U.
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