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vsa with Malcolm

  • #8,001
  • Dec 17, 2010 9:34am Dec 17, 2010 9:34am
Have a relaxing weekend all.
  • #8,002
  • Edited 9:37am Dec 17, 2010 9:36am | Edited 9:37am
Quoting Sonofsin5
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.
Did you get the ND entry on EU M15?
  • #8,003
  • Dec 17, 2010 9:40am Dec 17, 2010 9:40am
Quoting Intel
Did you get the ND entry on EU M15?
Saw it, didn't take it, I was short gu which I closed. I slept threw most of the really good entries today, darn west coast hours.
  • #8,004
  • Dec 17, 2010 9:41am Dec 17, 2010 9:41am
Quoting Intel
Did you get the ND entry on EU M15?
Text book VSA entry.

But, I made a b*lls up with the SL some how and made a 4 pip loss

Look at it go
  • #8,005
  • Dec 17, 2010 9:44am Dec 17, 2010 9:44am
Quoting Intel
Text book VSA entry.

But, I made a b*lls up with the SL some how and made a 4 pip loss

Look at it go
With my MM plan, Thats a 40% BR move I just missed cos of a typing error.
  • #8,006
  • Dec 17, 2010 9:45am Dec 17, 2010 9:45am
Quoting 1pipperhour
I'm expecting 200+ move today. You will have your chance
It is heading to 300 now. EUR will be killed.
  • #8,007
  • Dec 17, 2010 9:47am Dec 17, 2010 9:47am
Quoting Beljevina
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...
Thank you Beljevina for the tips, much appreciated.
  • #8,008
  • Dec 17, 2010 9:49am Dec 17, 2010 9:49am
Ha! Looks like I was completely wrong about today Also should have held my short... Well, there's always next week and next year Have a great weekend everybody!
  • #8,009
  • Dec 17, 2010 9:50am Dec 17, 2010 9:50am
Quoting Intel
Text book VSA entry.

But, I made a b*lls up with the SL some how and made a 4 pip loss

Look at it go
I don't want to rub salt in your wound but wouldn't it be nice if you still where in your short you took somewhere near .3350
  • #8,010
  • Dec 17, 2010 9:58am Dec 17, 2010 9:58am
Quoting 1pipperhour
I don't want to rub salt in your wound but wouldn't it be nice if you still where in your short you took somewhere near .3350
I hate you
  • #8,011
  • Dec 17, 2010 10:03am Dec 17, 2010 10:03am
Quoting Intel
I hate you
Me too ... didn't expect this type of a selloff ... exited far too early with too much of my positions - it's becoming a matter of estimating daily movements to the closest 100 pips!!! Hope we get more of the same next week!
  • #8,012
  • Edited 10:23am Dec 17, 2010 10:12am | Edited 10:23am
Quoting Sonofsin5
Intel is right, hulls is a great tool for confirming trends. Used in this manner it can be a great way of identifying trends.
agreed. yet still relatively new so I use it as additional confirmation. For example, it helped me confirm my short entry on eu 15 earlier at 3250 just after what looked like a hidden UT that was capped by the hull and weekly pivot (not to mention the previous up bar that was compressed on higher volume). eu then dropped like a rock...closed at 3150 as greed has been a problem for me lately so got out with the UHV coming in.

EDIT: i started setting my sl's as per Tom Williams method - 2 bar trailing and that has worked well. however after the large down bar on UVH i decided to get out and not risk it bouncing up right away...thoughts on whether i should have stuck to the trailing method?
Change is the only constant
  • #8,013
  • Dec 17, 2010 10:18am Dec 17, 2010 10:18am
Quoting Beljevina
Me too ... didn't expect this type of a selloff ... exited far too early with too much of my positions - it's becoming a matter of estimating daily movements to the closest 100 pips!!! Hope we get more of the same next week!
Come on, I'm actually really nice guy, if I sleep

Sure we will see the same action. It is the end of the year. Anything can happen.

Does anyone have the guts to short now as we speak?
  • #8,014
  • Dec 17, 2010 10:20am Dec 17, 2010 10:20am
Quoting 1pipperhour
Does anyone have the guts to short now as we speak?
I have, but only 1/5 of my previous position, with TS 120points, and same SL
  • #8,015
  • Dec 17, 2010 10:22am Dec 17, 2010 10:22am
Quoting 1pipperhour
Come on, I'm actually really nice guy, if I sleep

Sure we will see the same action. It is the end of the year. Anything can happen.

Does anyone have the guts to short now as we speak?
Sure ... we're not done yet, and neither is London. M5/M15 about ready to drop - one more push up from the USD, and down we go.
  • #8,016
  • Dec 17, 2010 10:25am Dec 17, 2010 10:25am
Quoting 1pipperhour
Come on, I'm actually really nice guy, if I sleep

Sure we will see the same action. It is the end of the year. Anything can happen.

Does anyone have the guts to short now as we speak?
Yau Ming should be enough to stop the move at this stage.
  • #8,017
  • Dec 17, 2010 10:27am Dec 17, 2010 10:27am
Quoting Beljevina
Sure ... we're not done yet, and neither is London.
I'm not so sure. UHV but spread is narrow and we have weekly support 1 just below.

I have EURUSD postion.
  • #8,018
  • Dec 17, 2010 10:31am Dec 17, 2010 10:31am
Quoting Intel
Yau Ming should be enough to stop the move at this stage.
Agreed, todays moves were all designed with option and futures expiration in mind. I am bearish Euro but agree with intel that this move may be temporarily done for today.
  • #8,019
  • Dec 17, 2010 10:31am Dec 17, 2010 10:31am
we have also high churn on EURUSD M30, it could be turning point
  • #8,020
  • Dec 17, 2010 10:34am Dec 17, 2010 10:34am
Quoting Sonofsin5
Agreed, todays moves were all designed with option and futures expiration in mind. I am bearish Euro but agree with intel that this move may be temporarily done for today.
We may see a bit of drift due to momentum, but nothing too mental.
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