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vsa with Malcolm

  • #9,181
  • Jan 7, 2011 9:39am Jan 7, 2011 9:39am
closed gold long at 1376.50

Very happy with the new start of the year!
  • #9,182
  • Jan 7, 2011 9:40am Jan 7, 2011 9:40am
Quoting Sonofsin5
Nice mate, yeah just +1 it from your entry and let it ride, 5570 sould be around my exit
What did you do?
  • #9,183
  • Jan 7, 2011 9:41am Jan 7, 2011 9:41am
Quoting Intel
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.

Theres 5570
  • #9,184
  • Jan 7, 2011 9:43am Jan 7, 2011 9:43am
Quoting Intel
What did you do?
I am out, now looking at these wierd inside bars on Eur 15, Interesting how much the volume has dried up. Think i may be done for the week.
  • #9,185
  • Jan 7, 2011 9:44am Jan 7, 2011 9:44am
Quoting Intel
Thanks for that. My volume looks nothing like that!!
My volume looks nothing like Intel's either...first chart mt4 from forex.com, second chart esignal feed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU M15 2011-01-07 at 10.40.58 AM.png Size: 150 KB
Click to Enlarge Name: GU M15 01072011.png Size: 65 KB
Change is the only constant
  • #9,186
  • Jan 7, 2011 9:49am Jan 7, 2011 9:49am
intel uses fxcm feed. ibfx seems to have more volume a lot of times.i mean, low vol tests end up being the same i.e. lower volume, but on fxcm low vol tests will actually be much much lower.
  • #9,187
  • Jan 7, 2011 9:52am Jan 7, 2011 9:52am
Quoting Sonofsin5
Theres 5570
Same guy who said we'd be testing 1.3 on EU from what i remember... great call!

what was your tp reason may I ask?


I closed out at 5567 because of the TL
Attached Image (click to enlarge)
Click to Enlarge Name: gu taken 8-01-2011 2-48-47 AM.jpg Size: 137 KB
  • #9,188
  • Jan 7, 2011 9:58am Jan 7, 2011 9:58am
Quoting malcolmb14
30 min all selling pressure 1350 target , maybe lower
as i typed this gold took a shake out to 1352 and has not looked back , so bear = me = win as my tp was hit 1253 and bulls doing well

In fact look at 1365 line on gold. I think we go back into 1410 and higher now...testing and shake out below pretty bullish set up
Blogging daily now at www.volume.zone
  • #9,189
  • Jan 7, 2011 10:07am Jan 7, 2011 10:07am
Quoting Sonny1
Same guy who said we'd be testing 1.3 on EU from what i remember... great call!

what was your tp reason may I ask?


I closed out at 5567 because of the TL

sono live close to me..... he is a much more experienced vsa trader than i am .
Blogging daily now at www.volume.zone
  • #9,190
  • Jan 7, 2011 10:09am Jan 7, 2011 10:09am
Quoting malcolmb14
as i typed this gold took a shake out to 1352 and has not looked back , so bear = me = win as my tp was hit 1253 and bulls doing well

In fact look at 1365 line on gold. I think we go back into 1410 and higher now...testing and shake out below pretty bullish set up
Looks like we both win :-)

so do we now wait for a re-test if so, can you be kind enough to explain how that works?

I use "Intels guide" as In what he told Foxy a while back and works great.

But Do I have to wait for a bear move then a test or can it test and go?

also looks like 1377ish is a resistance line?
  • #9,191
  • Jan 7, 2011 10:15am Jan 7, 2011 10:15am
Quoting Sonny1
Same guy who said we'd be testing 1.3 on EU from what i remember... great call!

what was your tp reason may I ask?


I closed out at 5567 because of the TL
Flipped a coin.

5570 was my r:r multiplyer for the trade off the test. Roughly 2.5:1 on that trade. There was a old top from yesterday at 5564 which you can see on my chart, I knew stops would be there and a push of about 5 pips above that would be appropriate to kill them.
Attached Image (click to enlarge)
Click to Enlarge Name: gulongedylong.jpg Size: 112 KB
  • #9,192
  • Jan 7, 2011 10:17am Jan 7, 2011 10:17am
Quoting malcolmb14
sono live close to me..... he is a much more experienced vsa trader than i am .
And better at halo 3.
  • #9,193
  • Jan 7, 2011 10:18am Jan 7, 2011 10:18am
Quoting Sonny1
added on that one... you have TP's in mind chief?
sonny .... 400 pip

Look at gu 2hr ... massive accumualtion for weeks now. MY bull target raised to 1.5850 to 5900 next week
Blogging daily now at www.volume.zone
  • #9,194
  • Jan 7, 2011 10:19am Jan 7, 2011 10:19am
Quoting Sonofsin5
And better at halo 3.
ohh sounds like challenge ...lol

Give me some time to get off easy level ...lol
Blogging daily now at www.volume.zone
  • #9,195
  • Jan 7, 2011 10:20am Jan 7, 2011 10:20am
Quoting Sonofsin5
I am out, now looking at these wierd inside bars on Eur 15, Interesting how much the volume has dried up. Think i may be done for the week.
Very nice pal.
  • #9,196
  • Jan 7, 2011 10:21am Jan 7, 2011 10:21am
Quoting Sonny1
Same guy who said we'd be testing 1.3 on EU from what i remember... great call!

what was your tp reason may I ask?


I closed out at 5567 because of the TL
Yes he does seem to be quite good at making these types of calls. Certainly worth paying attention when he speaks.
  • #9,197
  • Jan 7, 2011 10:22am Jan 7, 2011 10:22am
Quoting malcolmb14
sonny .... 400 pip

Look at gu 2hr ... massive accumualtion for weeks now. MY bull target raised to 1.5850 to 5900 next week
Do you trade longer term now Mal?
  • #9,198
  • Jan 7, 2011 10:22am Jan 7, 2011 10:22am
Quoting ozzieb88
Looks like we both win :-)

so do we now wait for a re-test if so, can you be kind enough to explain how that works?

I use "Intels guide" as In what he told Foxy a while back and works great.

But Do I have to wait for a bear move then a test or can it test and go?

also looks like 1377ish is a resistance line?
we have support 1370 is and r at 1387....

gold moves $10 up $5 down in a trend...ALWAYS , with $1....

Go back and look at charts , you will see this symmetry all the time. I think mostly due to being computer traded,

So i am looking for 1375 entry for a 1385 target . Not sure i will get that today , but my stop can be under 1370 and I have at least 1:2 risk reward.

Very bullish pin bar on daily gold now /
Blogging daily now at www.volume.zone
  • #9,199
  • Jan 7, 2011 10:24am Jan 7, 2011 10:24am
Quoting Sonofsin5
Flipped a coin.

5570 was my r:r multiplyer for the trade off the test. Roughly 2.5:1 on that trade. There was a old top from yesterday at 5564 which you can see on my chart, I knew stops would be there and a push of about 5 pips above that would be appropriate to kill them.
Great pschyo-analysis explanation. Cheers
  • #9,200
  • Jan 7, 2011 10:29am Jan 7, 2011 10:29am
Quoting malcolmb14
sonny .... 400 pip

Look at gu 2hr ... massive accumualtion for weeks now. MY bull target raised to 1.5850 to 5900 next week

I shall be on the lookout. Thanks Mal

now time to relax and play some fifa11

Enjoy your w/e gents!
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