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vsa with Malcolm

  • #9,161
  • Jan 7, 2011 8:18am Jan 7, 2011 8:18am
Quoting juhanimi
Bad broker-thing.
Probably, I've had a few repaints today. That news bar has repainted yet again, thats twice. It now shows less volume again!!!
  • #9,162
  • Jan 7, 2011 8:19am Jan 7, 2011 8:19am
My e-signal volume for Cable is the highest of this year so far
  • #9,163
  • Jan 7, 2011 8:20am Jan 7, 2011 8:20am
EU and GU H1, high volume up bar. Potential hidden selling.
  • #9,164
  • Jan 7, 2011 8:26am Jan 7, 2011 8:26am
Quoting juhanimi
EU and GU H1, high volume up bar. Potential hidden selling.
GU has short setups emerging everywhere.
  • #9,165
  • Jan 7, 2011 8:33am Jan 7, 2011 8:33am
Any futures traders (or otherwise) who can comment on this? I've never disected a 1M chart, but since futures volume are centralized, the VSA should be more telling. In theory, the price trigger points - as accurately shown on a 1M, should indicate what's underway. My contention is no one/few are shorting this bottom, and, buyers have stepped in, with some resolution. Early though, and a gamble IMO.

Clear sellers got hit/trigger on that initial upthrust to 1.302, but as it came back down to 1.293, those aren't more shorters but rather longers/buyers. Make sense? If this is the early stage of a bottom, the ND is expected, but as it came back down, more longers show their cards? Now, we need to see if the base will hold. The upthrust was also right into the multiday downtrend line of the euro, so that's gotta be crossed, mind you even if the base is temporary, crossing/drifting to the right on the chart simply says at least the downtrend is in hold mode. And as always, watching that USDJPY. Gotta bear in mind the steam train of euro shorters behind us, with gravity helping them downhill.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-07_092709.png Size: 59 KB
  • #9,166
  • Jan 7, 2011 8:46am Jan 7, 2011 8:46am
Quoting Intel
Aaarrrggghhh its repainted again

I can see volume now. Its bullish volume.

Sorry Sonny.
Sorry for late reply



I reloaded a couple times before news..55261 Resistance taken profit
  • #9,167
  • Jan 7, 2011 8:52am Jan 7, 2011 8:52am
for you intel, GU has seems she still has fight in her
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU pound index 8-01-2011 1-50-44 AM.jpg Size: 228 KB
Click to Enlarge Name: usd index 8-01-2011 1-55-01 AM.jpg Size: 202 KB
  • #9,168
  • Jan 7, 2011 8:58am Jan 7, 2011 8:58am
Nice test on gu 15min.
  • #9,169
  • Jan 7, 2011 9:05am Jan 7, 2011 9:05am
Quoting Sonofsin5
Nice test on gu 15min.
added on that one... you have TP's in mind chief?
  • #9,170
  • Jan 7, 2011 9:13am Jan 7, 2011 9:13am
Quoting Sonny1
added on that one... you have TP's in mind chief?
Nice mate, yeah just +1 it from your entry and let it ride, 5570 sould be around my exit
  • #9,171
  • Jan 7, 2011 9:21am Jan 7, 2011 9:21am
Quoting Sonofsin5
Nice mate, yeah just +1 it from your entry and let it ride, 5570 sould be around my exit
nice bud.. correlates with the bottom of down TL as well - if it breaks we may be in for a ride
  • #9,172
  • Jan 7, 2011 9:22am Jan 7, 2011 9:22am
Quoting Sonofsin5
Nice mate, yeah just +1 it from your entry and let it ride, 5570 sould be around my exit
GU M15

Took the test, just closed at 5549
  • #9,173
  • Jan 7, 2011 9:25am Jan 7, 2011 9:25am
Quoting Sonofsin5
Nice mate, yeah just +1 it from your entry and let it ride, 5570 sould be around my exit
It will probably break the old top just before your TP but not sure if it will hold or form a top of its own.
  • #9,174
  • Jan 7, 2011 9:30am Jan 7, 2011 9:30am
Quoting Intel
GU M15

Took the test, just closed at 5549
was thinking it looked like absorption with this little NS bar as marked on M5...but my trade plan got me out 5541 (following Tom's 2-bar trailing method). in hind sight maybe on the M5 it should be a 3 bar trailing to give it more room.

EDIT: correction - not technically a NS...more like no selling pressure.
Attached Image (click to enlarge)
Click to Enlarge Name: GU15 2011-01-07 at 10.21.04 AM.png Size: 137 KB
Change is the only constant
  • #9,175
  • Jan 7, 2011 9:30am Jan 7, 2011 9:30am
Quoting Sonny1
for you intel, GU has seems she still has fight in her
Thanks for that. My volume looks nothing like that!!
Attached Image (click to enlarge)
Click to Enlarge Name: 190.png Size: 154 KB
  • #9,176
  • Jan 7, 2011 9:32am Jan 7, 2011 9:32am
Quoting tgwhbb
was thinking it looked like absorption with this little NS bar as marked on M5...but my trade plan got me out 5541 (following Tom's 2-bar trailing method). in hind sight maybe on the M5 it should be a 3 bar trailing to give it more room.

EDIT: correction - not technically a NS...more like no selling pressure.
You made profit tho right?

I think the 2 bar trail method maybe works better if you go up a couple of TFs from your entry. Not sure tho cos I dont use it.
  • #9,177
  • Jan 7, 2011 9:34am Jan 7, 2011 9:34am
Quoting Intel
Thanks for that. My volume looks nothing like that!!
they were the index's my friend -- a confirmation of both a strong GBP and weak USD
  • #9,178
  • Jan 7, 2011 9:36am Jan 7, 2011 9:36am
Quoting Sonofsin5
Nice mate, yeah just +1 it from your entry and let it ride, 5570 sould be around my exit
If you're gonna hold till 5570 no matter what, it might be worth you considering letting it ride till the 5650 resistance area or somewhere just below.....maybe 5640 ish.
  • #9,179
  • Jan 7, 2011 9:36am Jan 7, 2011 9:36am
Quoting Intel
You made profit tho right?

I think the 2 bar trail method maybe works better if you go up a couple of TFs from your entry. Not sure tho cos I dont use it.
yes happy with my 20 pips (entered on break of test on M15)...better in my pocket agreed the 2 bar trailing method on smaller timeframes gets me out too soon.
Change is the only constant
  • #9,180
  • Jan 7, 2011 9:37am Jan 7, 2011 9:37am
Quoting Sonny1
they were the index's my friend -- a confirmation of both a strong GBP and weak USD
Oh yeah

That'll teach me to take a better look
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