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vsa with Malcolm

  • #8,781
  • Jan 4, 2011 2:35pm Jan 4, 2011 2:35pm
Quoting Sonofsin5
1.5560 On gu should have some support; this could go to 5700. Would like to see some sort of testing of 5560 in Asia.
I'm reading mixed signals here. I have a previously drawn resistane area at 1.5650. Since breaking this downwards, price has tagged it (roughly), 3 times and failed all 3.

But we are seeing some bullish volume and PA on the Daily. The volume doesnt look like enough to break the resistance area so far but, we are in a low volume time of the year.

What are you seeing?
  • #8,782
  • Jan 4, 2011 2:36pm Jan 4, 2011 2:36pm
Inserted Video
The Market pays you to be disciplined
  • #8,783
  • Jan 4, 2011 2:43pm Jan 4, 2011 2:43pm
This one is great! Looks like he has done all that wizhout intention!!!
  • #8,784
  • Jan 4, 2011 3:08pm Jan 4, 2011 3:08pm
Quoting mima
http://www.youtube.com/watch?v=T89HO_qIMyo
Superb!!!!

That guy is brilliant.
  • #8,785
  • Jan 4, 2011 5:55pm Jan 4, 2011 5:55pm
Quoting Intel
I only trade 2 setups but, I will trade them WHENEVER I see them. If I'm unsure about the trend direction I will set a specific SL. Otherwise I will move to BE fairly quickly and let it run till a higher TF tells me to exit.

In this trade, I would have exited by now but the H1 is looking weak enough to keep me in.
Hi,

What are the setups if you don't mind sharing..?



***forget it I found it....
Oz
  • #8,786
  • Jan 4, 2011 8:11pm Jan 4, 2011 8:11pm
I would like to wish everybody the best of trading and most pips for 2011 !!

I was out for a few weeks and I am just catching up on all the nice discussions in here.
  • #8,787
  • Jan 4, 2011 9:06pm Jan 4, 2011 9:06pm
Quoting Intel
EU M5 Second trade hit TP. I felt the weakness seen during the last trade was still valid so when the UT came on the M15 chart, I switched back to the M5 and immediately saw the ND. This was enough for an entry. The M15 confirmation came on queue but after my entry.
Well done Intel.

Just wanted to show a compare and contrast post for everyone. Intel's chart is a good example of what I call VSA non-aided trading. He is brilliant at it.

The second chart is my VSA aided trading approach. I employ a couple of indicators -to indicate trend. From my perspective, the ideal entry comes later than Intel's, but I am trading in tune with the market when I get in. My "late" entry is made up by the fact that I trail the stop using the Price Attractor Line. Being right and sitting tight. That's where the money is.

By the way, I am a huge fan of Intel, but I would have to quibble about one thing. That is not a true No Demand because it makes a lower low. It is a hidden test (closes up) that fails which shows weakness. Of course, the most important thing is the over all understanding of what is going on and not necessarily bar names.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,788
  • Jan 4, 2011 11:14pm Jan 4, 2011 11:14pm
eu , uh vol down bar BUT we have not managed to get a close baove this bar in hours....

In london I am looking for a test of the bottom of this bar at 1.3310 ish , on a no demand , stop on this trade is just 30 pip , tp 3180 to 3150

remember the no demand / ut HAS to show up on a 15 min at 3310 for this trade to be valid

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Blogging daily now at www.volume.zone
  • #8,789
  • Jan 5, 2011 1:24am Jan 5, 2011 1:24am
good one intel, the early shot played out

i grabbed an entry on the high vol upbar with no result into previous support at 3380.

nevertheless, see how price rejected the lower tl of bullflag i was posting yesterday twice. first time it aligned with yesterdays close which is a pretty decent spot to short when the pin appears.

http://img5.imagebanana.com/img/jay4..._05_082106.png
  • #8,790
  • Edited 2:02am Jan 5, 2011 1:28am | Edited 2:02am
cable potential bullflag i drew yesterday. we have not broken it and moved away from the lower tl of the flag. to me still looks like corrective move with a move to the upside more likely.

http://img5.imagebanana.com/img/in4r..._05_082608.png

edit: quick 50 pipper

http://img5.imagebanana.com/img/z9eo..._05_090200.png
  • #8,791
  • Jan 5, 2011 1:32am Jan 5, 2011 1:32am
Quoting 1pipperhour
Whatching this EU daily chart. I'm seeing some development for downmove. Have to wait what US session brings.
Will wait till it breaks first line I consider to be little resistance.

Quoting 1pipperhour
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.
Intel, is this "hidden" upthrust we see on daily? I've noticed that if the candle isn't quit by the rules many of VSArs call it hidden. Hidden nd, hidden ut, hidden hidden
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  • #8,792
  • Jan 5, 2011 1:36am Jan 5, 2011 1:36am
eur weekly offers upside potential if we get a weekly test here. classic to test the low of the big downbar (dotted line). take care of that.
the vol on the last upbar can be disregarded temporarily. it is more important to see a low vol downbar here since we know strength (perhaps temporarily) is here.

http://img5.imagebanana.com/img/z4b0..._05_082959.png
  • #8,793
  • Jan 5, 2011 1:38am Jan 5, 2011 1:38am
yes, this is a hidden ut. classic ut has long wick but also can develop as a bar which is inside of another bar for the most part. fact is, strong markets do not produce such bars. balls have been given to bulls to drive it up and result was a sale back down.

Quoting 1pipperhour
Will wait till it breaks first line I consider to be little resistance.



Intel, is this "hidden" upthrust we see on daily? I've noticed that if the candle isn't quit by the rules many of VSArs call it hidden. Hidden nd, hidden ut, hidden hidden
  • #8,794
  • Jan 5, 2011 1:45am Jan 5, 2011 1:45am
Quoting Dr.Geppynius
eur weekly offers upside potential if we get a weekly test here. classic to test the low of the big downbar (dotted line). take care of that.
the vol on the last upbar can be disregarded temporarily. it is more important to see a low vol downbar here since we know strength (perhaps temporarily) is here.
But if we consider that last week's upbar was closing trades before new year and maybe some profit taking then we can say that this week is just a continuation of downmove?
  • #8,795
  • Jan 5, 2011 1:50am Jan 5, 2011 1:50am
this is pure assumption pipper. i was just talking about what is on charts. we will see what it is on friday.the week prior to new year the snb bought big amounts of eur to intervene.

Quoting 1pipperhour
But if we consider that last week's upbar was closing trades before new year and maybe some profit taking then we can say that this week is just a continuation of downmove?
  • #8,796
  • Jan 5, 2011 1:57am Jan 5, 2011 1:57am
Quoting Dr.Geppynius
this is pure assumption pipper. i was just talking about what is on charts. we will see what it is on friday.the week prior to new year the snb bought big amounts of eur to intervene.
Of course. But friday is so far away and I am as greedy as you are

Oh, look at the cable go.
  • #8,797
  • Jan 5, 2011 2:00am Jan 5, 2011 2:00am
get greedy when the uninformed traders aka dumb money aka muppets aka idiot money aka sheeps start to fear


hard rejection of yesterdays low on eur

Quoting 1pipperhour
Of course. But friday is so far away and I am as greedy as you are
  • #8,798
  • Jan 5, 2011 2:16am Jan 5, 2011 2:16am
no trade yet but we have first signs that london might be shaking out lows hard.

http://img5.imagebanana.com/img/iuo8..._05_091316.png
  • #8,799
  • Jan 5, 2011 2:19am Jan 5, 2011 2:19am
Quoting Dr.Geppynius
get greedy...
hard rejection of yesterdays low on eur
something's cooking on eu & eurjpy?
wanna follow gu's lead..
let's see..

Quoting 1pipperhour
Of course..
Oh, look at the cable go.
strength in the background + NEw Year = fireworks
  • #8,800
  • Jan 5, 2011 2:23am Jan 5, 2011 2:23am
lets see if it has enough steam already to move further.

http://img5.imagebanana.com/img/83ap..._05_092106.png

Quoting Dr.Geppynius
cable potential bullflag i drew yesterday. we have not broken it and moved away from the lower tl of the flag. to me still looks like corrective move with a move to the upside more likely.

http://img5.imagebanana.com/img/in4r..._05_082608.png

edit: quick 50 pipper

http://img5.imagebanana.com/img/z9eo..._05_090200.png
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