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vsa with Malcolm

  • #8,661
  • Jan 4, 2011 3:40am Jan 4, 2011 3:40am
Quoting Sonny1
Probable bud.

If we see a surge in vol now it's obviously due to PMI news. In less than 1.5 hours we've done 100 pips +, 75%+ of daily range.

My opinion is that we would likely see a little retrace now before the next wave up.
You might be right. On closer inspection, the pre move volume might be enough to keep price up.
  • #8,662
  • Jan 4, 2011 3:42am Jan 4, 2011 3:42am
Quoting 1pipperhour
I'm long at .3355. Stop moved to be +2. Looked like stopping volume on hourly (also a hammer), then almost a doji and now shaven bottom. But it seems that it has found resistance at .3377. Well 2 pips is also a profit .
Stopped out. But I'm long again at .3363. Stop moved to be +2.

Edit: I can be fool but I'm consistent
  • #8,663
  • Jan 4, 2011 3:44am Jan 4, 2011 3:44am
i am long eur 3368 based on this shakeout bar which tested yesterdays/ fridays close and followed a testlike no supply bar.

http://img5.imagebanana.com/img/vqfi...104_104228.png
  • #8,664
  • Jan 4, 2011 3:52am Jan 4, 2011 3:52am
Quoting Dr.Geppynius
i am long eur 3368 based on this shakeout bar which tested yesterdays/ fridays close and followed a testlike no supply bar.

http://img5.imagebanana.com/img/vqfi...104_104228.png
EU M15

Starting to look weak to me. At a resistance area with Ultra high volume, see what the next bar gives us.
  • #8,665
  • Jan 4, 2011 3:53am Jan 4, 2011 3:53am
this week will be interesting. could result in a weekly test bar of the highs and might indicate more upside.

Quoting Sonny1
It's my own psych downfall, you are an authoritarian figure so what you say has some impact which instilled some fear/doubt to take the long - so thats my bad really.

Anyhow, DR G do you have a view on the AUD? She just took a tumble and not sure how long it will last. S/r's are there but this is unchartered waters.

I have a holiday booked and being from Australia, dont want to see the AUD fall more
  • #8,666
  • Jan 4, 2011 3:55am Jan 4, 2011 3:55am
So Cable is starting to look weak...
  • #8,667
  • Jan 4, 2011 3:56am Jan 4, 2011 3:56am
Quoting Dr.Geppynius
i am long eur 3368 based on this shakeout bar which tested yesterdays/ fridays close and followed a testlike no supply bar.

http://img5.imagebanana.com/img/vqfi...104_104228.png
Its broke thru the esistance area. Looking good so far.
  • #8,668
  • Jan 4, 2011 3:56am Jan 4, 2011 3:56am
approaching s/r on high vol is bullish. eu owes us 3400 test from yesterday.
weakness kicks in if we see volume now coming off. i don't expect this. gains from yesterday have been keppt and most of asia/ eu morning was reaccummulation at higher levels.

Quoting Intel
EU M15

Starting to look weak to me. At a resistance area with Ultra high volume, see what the next bar gives us.
  • #8,669
  • Jan 4, 2011 3:58am Jan 4, 2011 3:58am
Quoting Dr.Geppynius
this week will be interesting. could result in a weekly test bar of the highs and might indicate more upside.
Cheers, I'll stay alert...

GU's just closed gap and now in at yesterday's high, i might just put short order at 5655
  • #8,670
  • Jan 4, 2011 4:01am Jan 4, 2011 4:01am
Quoting Sonny1
Cheers, I'll stay alert...

GU's just closed gap and now in at yesterday's high, i might just put short order at 5655
gap? there is no gap sunny and if so, it is up to your broker
  • #8,671
  • Jan 4, 2011 4:01am Jan 4, 2011 4:01am
Quoting Dr.Geppynius
approaching s/r on high vol is bullish. eu owes us 3400 test from yesterday.
weakness kicks in if we see volume now coming off. i don't expect this. gains from yesterday have been keppt and most of asia/ eu morning was reaccummulation at higher levels.
High volume, yes but, ultra high volume is normally weak.

I guess my interpretation of 'ultra high' is not where it should be today!
  • #8,672
  • Jan 4, 2011 4:01am Jan 4, 2011 4:01am
G/U is insane. High volume, narrow range on 15 min. E/U almost the same. Expecting a down move, but was already burned today.
  • #8,673
  • Jan 4, 2011 4:05am Jan 4, 2011 4:05am
Quoting comapip
G/U is insane. High volume, narrow range on 15 min. E/U almost the same. Expecting a down move, but was already burned today.
I'm expecting that too. Would be nice if D1 forms upthrust or smth. But I haven't forgat that you should always trade what you see.
  • #8,674
  • Jan 4, 2011 4:06am Jan 4, 2011 4:06am
don't fight the markets, join the moneyflow. this high vol was to be expected at 3400, early profittaking, pending limit orders etc. which pause moves and need to be absorbed. we liek to see a major sign of weakness and then market coming back up on nd e.g. making lower highs to think of shorts. even on 240m chart of eur the downbars are a joke a show strength.

Quoting comapip
G/U is insane. High volume, narrow range on 15 min. E/U almost the same. Expecting a down move, but was already burned today.
  • #8,675
  • Jan 4, 2011 4:10am Jan 4, 2011 4:10am
this volume is not excessive, even 20% increase is ok

nevertheless might be enough supply to stop here

http://img5.imagebanana.com/img/dloz...104_110910.png

Quoting Intel
High volume, yes but, ultra high volume is normally weak.

I guess my interpretation of 'ultra high' is not where it should be today!
  • #8,676
  • Jan 4, 2011 4:11am Jan 4, 2011 4:11am
Quoting Dr.Geppynius
don't fight the markets, join the moneyflow. this high vol was to be expected at 3400, early profittaking, pending limit orders etc. which pause moves and need to be absorbed. we liek to see a major sign of weakness and then market coming back up on nd e.g. making lower highs to think of shorts. even on 240m chart of eur the downbars are a joke a show strength.
I can't help myself, I'm a fighter
  • #8,677
  • Jan 4, 2011 4:13am Jan 4, 2011 4:13am
nothing negative, but no good idea to fight the markets unless you have deep pockets

Quoting comapip
I can't help myself, I'm a fighter
  • #8,678
  • Jan 4, 2011 4:16am Jan 4, 2011 4:16am
Quoting Dr.Geppynius
gap? there is no gap sunny and if so, it is up to your broker
weekend gaps aren't a broker deficiency are they?

Seems demand is drying up..
  • #8,679
  • Jan 4, 2011 4:19am Jan 4, 2011 4:19am
It'll be interesting to see which way the American's take it when they come online. Still early days at the moment!
  • #8,680
  • Jan 4, 2011 4:23am Jan 4, 2011 4:23am
Made silly mistakes today. I know that and understand what I did wrong. I missed my morning entry on G/U and wished for a move down even though there was strength to the left. And rinse and repeat for E/U lol. I'm usually not like this though

I would close my positions if I had any at this point though. Really not liking spread/volume combo.
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