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vsa with Malcolm

  • #9,261
  • Jan 10, 2011 1:53am Jan 10, 2011 1:53am
cable gapped into the high vol area exactly to find support followed by tiny spreads to the downside. any following shakeout now like we just have seen on 5/10 confirm the bullish view. we are also making higher lows, tilt the channel horizontal and you will see it, since the channel is the measure as it is respected and not a horizontal line to decide if we make lower lows etc.

http://img211.imageshack.us/img211/8...0110081048.png
  • #9,262
  • Jan 10, 2011 3:10am Jan 10, 2011 3:10am
Quoting zoli
Thx, I got it right there. And now a tipical dilemma...so how long to hold onto it? I try to read VSA while in the trade. A nice Climax of buyers would be an exit sign. Or?
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sorry to ask again what does UT means?
trying to understand the terms in this thread
  • #9,263
  • Jan 10, 2011 3:18am Jan 10, 2011 3:18am
until trichet has finished telling fairytales, we will see no direction imho.

cable is currently testing the well respected supply line below the gap after the break.

http://img217.imageshack.us/img217/1...0110101642.png
  • #9,264
  • Jan 10, 2011 3:41am Jan 10, 2011 3:41am
Quoting daemonw
sorry to ask again what does UT means?
trying to understand the terms in this thread
it means upthrust
  • #9,265
  • Jan 10, 2011 3:52am Jan 10, 2011 3:52am
Quoting KinsaleForex
it means upthrust
yeah i just got it, short term for upthrust...
oh my so many post but very interesting looking at EU now
am i correct to say sellers are out and demand is coming in?
  • #9,266
  • Jan 10, 2011 4:30am Jan 10, 2011 4:30am
Long EU.

Not too convinced about these ones so will watch closely for her to tell me otherwise.
Attached Image (click to enlarge)
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  • #9,267
  • Jan 10, 2011 4:32am Jan 10, 2011 4:32am
fx will go on nuts until trichet speech is over. begins in 1.5 hrs
i wouldn't put money on the table until then, i just have seen many regular profitable signals fail this morning, like always pre-announcement.

based on the compression of the price range, see the wedge, we will see some bigger move later on imho.

Quoting Sonny1
Long EU.

Not too convinced about these ones so will watch closely for her to tell me otherwise.
  • #9,268
  • Jan 10, 2011 4:47am Jan 10, 2011 4:47am
Quoting Dr.Geppynius
fx will go on nuts until trichet speech is over. begins in 1.5 hrs
i wouldn't put money on the table until then, i just have seen many regular profitable signals fail this morning, like always pre-announcement.

based on the compression of the price range, see the wedge, we will see some bigger move later on imho.
I hear you doc...

I always try to think to myself that SM have already taken their positions and will use the news to take the small players out. Now usually this is in the form of a massive UT or SO,

For me, that SO bar i've marked sticks out like a sore thumb... I'll be closing if i see other wise.
  • #9,269
  • Jan 10, 2011 4:59am Jan 10, 2011 4:59am
It's interesting how different forex sites rate news announcements, for example DailyFX has no important/high announcements until the BOE Asset Purchase Target on Thursday. Yet here on FF we have a whole host of important announcements from Monday to Wednesday.
  • #9,270
  • Jan 10, 2011 5:03am Jan 10, 2011 5:03am
dailyfx is fxcm so they are happy if their poor retailers trade as ususal and go on shorting the eur. everybody who has experience with markets sees that this is a pause mode with strict limitations. not comparable to ranging. it is not umcommon to spike both sides of the market during the speech.

Quoting KinsaleForex
It's interesting how different forex sites rate news announcements, for example DailyFX has no important/high announcements until the BOE Asset Purchase Target on Thursday. Yet here on FF we have a whole host of important announcements from Monday to Wednesday.
  • #9,271
  • Jan 10, 2011 5:11am Jan 10, 2011 5:11am
Quoting Dr.Geppynius
dailyfx is fxcm so they are happy if their poor retailers trade as ususal and go on shorting the eur. everybody who has experience with markets sees that this is a pause mode with strict limitations. not comparable to ranging. it is not umcommon to spike both sides of the market during the speech.
Interesting, cheers.
  • #9,272
  • Jan 10, 2011 5:16am Jan 10, 2011 5:16am
sudden move for most of the pairs, any new release?
  • #9,273
  • Jan 10, 2011 5:17am Jan 10, 2011 5:17am
i am also on the bullside since marketopening until disproven, but the market action might stress you even tough you might be in the right trade.


Quoting Sonny1
I hear you doc...

I always try to think to myself that SM have already taken their positions and will use the news to take the small players out. Now usually this is in the form of a massive UT or SO,

For me, that SO bar i've marked sticks out like a sore thumb... I'll be closing if i see other wise.
  • #9,274
  • Jan 10, 2011 5:22am Jan 10, 2011 5:22am
Quoting Dr.Geppynius
i am also on the bullside since marketopening until disproven, but the market action might stress you even tough you might be in the right trade.
I've collected a 20 pips on AU, that seems to behave more "normally" this morning.
  • #9,275
  • Jan 10, 2011 5:29am Jan 10, 2011 5:29am
i took 20 pips 2/3 for my trade still have one more inside with stoploss now at BE but i would just like to confirm my analysis on the trade with VSA
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  • #9,276
  • Jan 10, 2011 5:32am Jan 10, 2011 5:32am
please read the book MTM which is essential for this thread.

Quoting daemonw
i took 20 pips 2/3 for my trade still have one more inside with stoploss now at BE but i would just like to confirm my analysis on the trade with VSA
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  • #9,277
  • Jan 10, 2011 5:35am Jan 10, 2011 5:35am
Hi Dr i have finished reading the book made some notes, but because it is more of long bias products now i am just applying and seeking some advise from experts. right now i am still reading till page 249 but i would really like to speed up my knowledge and learn curve. sorry if i am posting too much questions but because i would really want to have some advises from my application
  • #9,278
  • Edited 6:16am Jan 10, 2011 5:39am | Edited 6:16am
Guys, to tell you what I observed on the 03.01.2011 and 04.01.2011 (see the attached picture). On a choppy up move I saw coming in huge ask volume, prevailing twice! the bid volume. I supposed that a big fall will come but didn't dare to trade it because I can say I am in the beginning of studding VSA in deep(the variant with EB from HG).The Big Boys were obviously loading the guns.
To the people who use the demo of Dukascopy I want to say that the first volume bars differ from those of the Real platform.
So in this train of thoughts I want to ask if someone here has tried to observe the price action with volume splitted in ask and bid?
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  • #9,279
  • Jan 10, 2011 5:48am Jan 10, 2011 5:48am
Quoting daemonw
i took 20 pips 2/3 for my trade still have one more inside with stoploss now at BE but i would just like to confirm my analysis on the trade with VSA
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i wouldnt jump to any conclusions yet its only monday,wait and see what happens,many shorts could be getting covered
  • #9,280
  • Jan 10, 2011 5:56am Jan 10, 2011 5:56am
Quoting dragan53
i wouldnt jump to any conclusions yet its only monday,wait and see what happens,many shorts could be getting covered
yups thanks for the reply last hand was stopped out at BE, will be still watching for the next move

Cheers
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