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vsa with Malcolm

  • #7,981
  • Dec 17, 2010 7:12am Dec 17, 2010 7:12am
Quoting Intel
What is your 10M?
What do you mean? If you are asking what it is then 10M = 10 minute chart?
  • #7,982
  • Dec 17, 2010 7:17am Dec 17, 2010 7:17am
Quoting 1pipperhour
What do you mean? If you are asking what it is then 10M = 10 minute chart?
LOL of course it is...sorry!
  • #7,983
  • Dec 17, 2010 7:24am Dec 17, 2010 7:24am
Quoting tea.tea
is that stopping volume on eu 5min ?
You might want to include the price scale and time scale on the chart - there aren't too many hanging out who can answer in this thread in real time.

In addition to waiting for the next few bars and a possible successful retest that would hold, I also like to look at volume in the last peak or trough, preferably during the same session, and try to draw some details from those volumes, plus use it as part of the overall chart background interpretation.

Like I mentioned before, I don't think the downmove is done, given the ferocity of the 1.334 rejection. Futures look like more selling underway IMO.
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  • #7,984
  • Dec 17, 2010 8:08am Dec 17, 2010 8:08am
Strange action.
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  • #7,985
  • Dec 17, 2010 8:18am Dec 17, 2010 8:18am
guys,

look at GU and gold as well... i think the signals are clearer than eu for that past hour plus.
  • #7,986
  • Dec 17, 2010 8:18am Dec 17, 2010 8:18am
Quoting Intel
Looks like a low volume stall to me. Should resume shortly.
There she goes.
  • #7,987
  • Dec 17, 2010 8:25am Dec 17, 2010 8:25am
EU and GU starting to look a bit fishy to me. Could be looking at the start of the buying.
  • #7,988
  • Dec 17, 2010 8:27am Dec 17, 2010 8:27am
Quoting Intel
EU and GU starting to look a bit fishy to me. Could be looking at the start of the buying.
GU has just tagged a very good support level.
  • #7,989
  • Dec 17, 2010 8:29am Dec 17, 2010 8:29am
Quoting Intel
EU and GU starting to look a bit fishy to me. Could be looking at the start of the buying.
I'm starting to lean that way too ... GU though has printed a super bearish H4 IMO ... another 25 or so pips to the recent low of 1.54856 might give us stopping volume - seeing some signs on a M15 & M5, but selling is still strong. Normally we'd be good for a bounce there, so let's see how US equities open. Only done 100 pips down in GU, and these days that's not usually enough!

Having trouble reconciling EU - that was a might rejection during London at 1.336, so not sure what silliness could drive it higher. gotta watch though any flapping gums out of the euro summit.
  • #7,990
  • Dec 17, 2010 8:31am Dec 17, 2010 8:31am
Quoting Beljevina
I'm starting to lean that way too ... GU though has printed a super bearish H4 IMO ... another 25 or so pips to the recent low of 1.54856 might give us stopping volume - seeing some signs on a M15 & M5, but selling is still strong. Normally we'd be good for a bounce there, so let's see how US equities open. Only done 100 pips down in GU, and these days that's not usually enough!

Having trouble reconciling EU - that was a might rejection during London at 1.336, so not sure what silliness could drive it higher. gotta watch though any flapping gums...
mmmmmm........see what the setup gods give us.
  • #7,991
  • Dec 17, 2010 8:33am Dec 17, 2010 8:33am
Quoting Beljevina
I'm starting to lean that way too ... GU though has printed a super bearish H4 IMO ... another 25 or so pips to the recent low of 1.54856 might give us stopping volume - seeing some signs on a M15 & M5, but selling is still strong. Normally we'd be good for a bounce there, so let's see how US equities open. Only done 100 pips down in GU, and these days that's not usually enough!

Having trouble reconciling EU - that was a might rejection during London at 1.336, so not sure what silliness could drive it higher. gotta watch though any flapping gums...
I get GU 136 pips 7% above ADR. When are you timing from?
  • #7,992
  • Dec 17, 2010 8:38am Dec 17, 2010 8:38am
Quoting Beljevina
I'm starting to lean that way too ... GU though has printed a super bearish H4 IMO ... another 25 or so pips to the recent low of 1.54856 might give us stopping volume - seeing some signs on a M15 & M5, but selling is still strong. Normally we'd be good for a bounce there, so let's see how US equities open. Only done 100 pips down in GU, and these days that's not usually enough!

Having trouble reconciling EU - that was a might rejection during London at 1.336, so not sure what silliness could drive it higher. gotta watch...
check the EU daily - ND printed right under Hulls . Actually , Yet to be confirmed.
But Since it's the Daily TF, 15 TF is falling apart .
  • #7,993
  • Dec 17, 2010 8:43am Dec 17, 2010 8:43am
Quoting Intel
I get GU 136 pips 7% above ADR. When are you timing from?
I usually count from where the previous PA support is broken, and what in hindsight turns out to be distribution ... around 105 pips in this case. And unfortunately was not paying attention, and got little of the move ... grrr!
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  • #7,994
  • Dec 17, 2010 8:57am Dec 17, 2010 8:57am
Quoting Beljevina
I usually count from where the previous PA support is broken, and what in hindsight turns out to be distribution ... around 105 pips in this case. And unfortunately was not paying attention, and got little of the move ... grrr!
Ah I see, I take mine from midnight GMT+1. Nothing wrong with missing a move, you cant catch um all. Beats entering the wrong way!!!!!!!!
  • #7,995
  • Dec 17, 2010 9:14am Dec 17, 2010 9:14am
Quoting taomql4
check the EU daily - ND printed right under Hulls . Actually , Yet to be confirmed.
But Since it's the Daily TF, 15 TF is falling apart .
Hi Tao,

What period do you use for hull? yesterday is printed as a ND just above the hull for me, so wasn't sure if it really was a ND or maybe a hidden test.
Change is the only constant
  • #7,996
  • Dec 17, 2010 9:15am Dec 17, 2010 9:15am
Just posting a new toy/chart here ... the NoS tends to be pretty reliable, if early on down moves, and, I don't have one here yet.
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  • #7,997
  • Dec 17, 2010 9:20am Dec 17, 2010 9:20am
Today is quadwitching folks, going to get really crazy today. 1.55 options on gu are the most obvious target right now and vsa had some great entries to get you into a short during the London session.
  • #7,998
  • Dec 17, 2010 9:24am Dec 17, 2010 9:24am
Quoting tgwhbb
Hi Tao,

What period do you use for hull? yesterday is printed as a ND just above the hull for me, so wasn't sure if it really was a ND or maybe a hidden test.
Hulls has no bearing whatsoever when deciding if a bar is a ND or not.
  • #7,999
  • Dec 17, 2010 9:28am Dec 17, 2010 9:28am
Quoting Intel
Hulls has no bearing whatsoever when deciding if a bar is a ND or not.
Intel is right, hulls is a great tool for confirming trends. Used in this manner it can be a great way of identifying trends.
  • #8,000
  • Dec 17, 2010 9:33am Dec 17, 2010 9:33am
There is an old low last month on the GU at 5486. Smart money may test this so watch for a volume setup if we break this level.
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