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vsa with Malcolm

  • #7,961
  • Dec 17, 2010 3:27am Dec 17, 2010 3:27am
Daily range for EU working out so far. But I don't like the upthrust from before. I don't think the range will be broken today and skeptical about next week as it will be shorter and holidays and stuff. Although there are a number of "red" news items coming out. I think the longer this range holds, the bigger the move we'll get.

I won't be trading today because I feel most of the move is done and wanted an entry at the bottom of the range when I wasn't asleep. Unless there will be a shorting opportunity... We'll see.
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  • #7,962
  • Dec 17, 2010 3:33am Dec 17, 2010 3:33am
Quoting comapip
Daily range for EU working out so far. But I don't like the upthrust from before. I don't think the range will be broken today and skeptical about next week as it will be shorter and holidays and stuff. Although there are a number of "red" news items coming out. I think the longer this range holds, the bigger the move we'll get.

I won't be trading today because I feel most of the move is done and wanted an entry at the bottom of the range when I wasn't asleep. Unless there will be a shorting opportunity... We'll see.
I'm expecting 200+ move today. You will have your chance
  • #7,963
  • Dec 17, 2010 4:14am Dec 17, 2010 4:14am
Quoting juhanimi
Intel, 80 bars Interbankfx demo
Thanks
  • #7,964
  • Dec 17, 2010 4:20am Dec 17, 2010 4:20am
Quoting 1pipperhour
I'm expecting 200+ move today. You will have your chance
I'm short EU M5
  • #7,965
  • Dec 17, 2010 4:55am Dec 17, 2010 4:55am
three black crows?
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  • #7,966
  • Dec 17, 2010 4:57am Dec 17, 2010 4:57am
more up on h4
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  • #7,967
  • Dec 17, 2010 5:41am Dec 17, 2010 5:41am
Saw this yesterday and did`nt take it, right on the upper channel line as well...what a muppet.
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Seek not to change the world; seek only to change your mind about the world
  • #7,968
  • Dec 17, 2010 5:47am Dec 17, 2010 5:47am
Quoting gez40
Saw this yesterday and did`nt take it, right on the upper channel line as well...what a muppet.
that was a strong red bar that close at the top
  • #7,969
  • Dec 17, 2010 5:56am Dec 17, 2010 5:56am
Quoting Intel
I'm short EU M5
Awesome! Did you short the UT?
  • #7,970
  • Dec 17, 2010 6:04am Dec 17, 2010 6:04am
Quoting gez40
Saw this yesterday and did`nt take it, right on the upper channel line as well...what a muppet.
Worse than that was me not taking this clear long from yesterday NY morning, lol ... I'd just woken up and didn't have everything together, and then had a day away from the charts ... got in later but missed out on some pips! The stopping volume on that shakeout was almost as big as the one on Dec 9, and low and behold we hit a supply zone and have now reversed 90 pips after a silly meltup up IMO.

We've been treated to some fairly clear rejections by the euro of expected highs recently, along with this one of 90 pips ago. The uptrend channel of yesterday's now been broken too ... let's see if it lasts; am remaining short - am thinking we're going to see some USD strength to end the week.
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  • #7,971
  • Dec 17, 2010 6:07am Dec 17, 2010 6:07am
is that stopping volume on eu 5min ?
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  • #7,972
  • Dec 17, 2010 6:18am Dec 17, 2010 6:18am
Quoting Intel
Mals your man for the longer term stuff. The idea of comparing volume and price action was originally developed on the daily chart so you better believe it works great.

What I have found (and others may dissagree) is that which ever TF you use VSA with, you need to study it for a while to learn its characteristics and personality. VSA WILL work but you may need to decide which parts are the more reliable at that TF.
currently I am trying to put together VSA and TA - lets see what I will get as for now I can see you guys have a lot of screens created after, as it is always with every method. I am not criticising you, I am just curious if this method is just the next one which is great "after" (just like TA) or it could be also used as a great price action based reaction-method (again just like TA). greetings
  • #7,973
  • Dec 17, 2010 6:22am Dec 17, 2010 6:22am
Quoting comapip
Awesome! Did you short the UT?
Same setup as always.

In my meager opinion, it's the strongest setup in trading. Rarely fails.
  • #7,974
  • Dec 17, 2010 6:30am Dec 17, 2010 6:30am
EU M5

Set TP cos I had to go out......wish I'd left it now

Another chart to follow.
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  • #7,975
  • Dec 17, 2010 6:35am Dec 17, 2010 6:35am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Lolage. I shorted earlier last night at .5628 and had my SL at .5644. Hit it to the pip and a couple hours later she drops.

Fuck my life.

Actually went down further than i thought it would. oh well. Just gotta wait for next trade.
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  • #7,976
  • Dec 17, 2010 6:40am Dec 17, 2010 6:40am
Quoting Intel
EU M5

Set TP cos I had to go out......wish I'd left it now

Another chart to follow.
She'd still be running if I hadn't gone out.

For those who are interested in such things, R:R = 17:100 = 1:6. Not bad for an M5 trade?
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  • #7,977
  • Dec 17, 2010 6:53am Dec 17, 2010 6:53am
Could be turning. Or at least a sign of turning. But what do I know.

Edit: not a test but nd.
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  • #7,978
  • Dec 17, 2010 6:56am Dec 17, 2010 6:56am
Quoting 1pipperhour
Could be turning. Or at least a sign of turning. But what do I know.

Edit: not a test but nd.
What is your 10M?
  • #7,979
  • Dec 17, 2010 7:01am Dec 17, 2010 7:01am
Quoting 1pipperhour
Could be turning. Or at least a sign of turning. But what do I know.

Edit: not a test but nd.
Looks like a low volume stall to me. Should resume shortly.
  • #7,980
  • Dec 17, 2010 7:08am Dec 17, 2010 7:08am
Quoting Intel
She'd still be running if I hadn't gone out.

For those who are interested in such things, R:R = 17:100 = 1:6. Not bad for an M5 trade?
Nice entry & live call BTW; I took a few shorts above 1.33 and then got out too early too, leaving only a small one on the table. Was watching the PA, and didn't expect the move down to be so quick. Seeing some volume/buying on that dip to 1.3239, but I don't expect it will hold. Depends on what the US does, and, lately they've been selling the euro more than sticking to equity correlations, but anything can happen today. A revisit to 1.319 as part of London profit taking would not surprise me, as the peaking rejections have been pretty clear lately, and sub-1.30 is calling IMO, just not sure what they will print on the weekly/monthly for us.
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