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vsa with Malcolm

  • #8,401
  • Dec 30, 2010 3:01am Dec 30, 2010 3:01am
Quoting Dr.Geppynius
patience, young jedi

since the upmove we are still making slightly higher lows, so no reason to bet yet. sm has to support lows on upmoves tostay in control of the move. i want to see an ut into 3260-3280 area or a decent push below 3220 to get a confirmation of supply being present..........
Quoting Dr.Geppynius
......vol surge, shakeout below that level, market coming back twice and taking off from there. those levels are pretty accurate........

I have another one of THOSE LEVELS from way back set at..............3279!!!!!

Great minds and all that!
  • #8,402
  • Dec 30, 2010 3:52am Dec 30, 2010 3:52am
GU M5

Long triggered
  • #8,403
  • Dec 30, 2010 3:59am Dec 30, 2010 3:59am
Quoting Intel
GU M5

Long triggered
I'm watching it too....but couldnt see any setup
  • #8,404
  • Dec 30, 2010 4:11am Dec 30, 2010 4:11am
Quoting amletit
I'm watching it too....but couldnt see any setup
My entry was later than it should have been altho at the correct level. I should have been in on the bar after the NS but I wasn't at the computer.

Just missed TP at the blue resistance line!
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  • #8,405
  • Dec 30, 2010 4:17am Dec 30, 2010 4:17am
i wouldn't wanna buy against this.

i am ss gu 5505 with a small stop
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  • #8,406
  • Dec 30, 2010 4:22am Dec 30, 2010 4:22am
Quoting Dr.Geppynius
i wouldn't wanna buy against this.

i am ss gu 5505 with a small stop

We're trading against each other!

I wont be in it for long.
  • #8,407
  • Dec 30, 2010 4:23am Dec 30, 2010 4:23am
Quoting Intel

We're trading against each other!

I wont be in it for long.
lol - and i will be stopped out /be again. then it is 2:0 for you
  • #8,408
  • Dec 30, 2010 4:24am Dec 30, 2010 4:24am
Quoting Intel

We're trading against each other!

I wont be in it for long.
I think we'll revisit the resistance area before SM make their move.
  • #8,409
  • Dec 30, 2010 4:27am Dec 30, 2010 4:27am
Quoting Dr.Geppynius
lol - and i will be stopped out /be again. then it is 2:0 for you



1:1

Should have taken the 'almost' tagg of the resistance area!
  • #8,410
  • Dec 30, 2010 4:28am Dec 30, 2010 4:28am
something smells- gu & eu go contrarian. my bet is eu markup

edit: replace bet with hope
  • #8,411
  • Dec 30, 2010 4:33am Dec 30, 2010 4:33am
If i'm not missunderstanding all....shouldn't 5447 be a hard area to pass in down direction?
  • #8,412
  • Dec 30, 2010 4:35am Dec 30, 2010 4:35am
Quoting Intel
GU M5

Long triggered
That's why I don't like M5, it gives too much signals and many of them are false (too noisy). I don't trade GU so much these days but because EU is not moving I took short on GU but little lower than Dr Geppynius. TP hit .5472 and out.
  • #8,413
  • Dec 30, 2010 4:36am Dec 30, 2010 4:36am
make it easy...generally round numbers are focussed, also when price moves, no magical fib levels of 3507 or something like this.

3100...3150...3200

as easy as it gets.

Quoting amletit
If i'm not missunderstanding all....shouldn't 5447 be a hard area to pass in down direction?
  • #8,414
  • Dec 30, 2010 4:41am Dec 30, 2010 4:41am
Quoting amletit
If i'm not missunderstanding all....shouldn't 5447 be a hard area to pass in down direction?
Why?
  • #8,415
  • Dec 30, 2010 4:42am Dec 30, 2010 4:42am
Quoting 1pipperhour
That's why I don't like M5, it gives too much signals and many of them are false (too noisy). I don't trade GU so much these days but because EU is not moving I took short on GU but little lower than Dr Geppinus. TP hit .5472 and out.
The signal was good and almost hit my TP(which was set according to the strength of the setup). My trade management was poor. I should have exited after the ND just under the resistance area and used that to go short.

My trade management sucked
  • #8,416
  • Dec 30, 2010 4:45am Dec 30, 2010 4:45am
reason for me taking this trade:

- 60/120/240 weak
- 10m formed round top
- market had its first bigger push down, bigger in terms of length and time, follwed by a small push up with just one bar on vol increase.

i took the 10m nd below the 20sma (yellow line) which was near round number 5500. markets tend to fake back up after support was broken to be rejected again. 5m then confirmed the trade, since the markup bar we obnly made lower highs and also had a 5m nd.
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  • #8,417
  • Dec 30, 2010 4:47am Dec 30, 2010 4:47am
Quoting Dr.Geppynius
something smells- gu & eu go contrarian. my bet is eu markup

edit: replace bet with hope
Wouldn't it be strange if it breaks last top on .3274 with low volume. Don't believe that it breaks it now, on second time. My bet is like 3rd or 4th time.
  • #8,418
  • Dec 30, 2010 4:48am Dec 30, 2010 4:48am
Quoting 1pipperhour
Wouldn't it be strange if it breaks last top on .3274 with low volume. Don't believe that it breaks it now, on second time. My bet is like 3rd or 4th time.
with markup i was saying pump & dump mode
  • #8,419
  • Dec 30, 2010 4:48am Dec 30, 2010 4:48am
I am very new to this so i'm sure i'm saying stupid things. I see on 1 hr a "good volume battle" just in that area yesterday.
  • #8,420
  • Dec 30, 2010 4:49am Dec 30, 2010 4:49am
would someone tell me where I can find the summary of this thread, or the previous thread that discuss VSA, I'm a bit confuse
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