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vsa with Malcolm

  • #9,521
  • Jan 11, 2011 10:52am Jan 11, 2011 10:52am
Quoting Intel
EU M5

short triggered
Out at 2952....second time!
  • #9,522
  • Jan 11, 2011 10:57am Jan 11, 2011 10:57am
Well, if you refer back to my previous post of leaving my long goig with sl at be, I ended getting stopped out. Worst part is I saw the sellers that pushed gu down just past my stop. Lesson learned: if I'm going to go for longer trades I really should be setting my stop further away to give some room. My flight is pushing back now. Later guys!

Edit. Title should read learning. Thx iPhone auto correct!
Change is the only constant
  • #9,523
  • Edited 11:11am Jan 11, 2011 11:04am | Edited 11:11am
Quoting Intel
Out at 2952....second time!
Thought you set the TP to 2941? It just hit that on my charts. Perhaps not on yours?
  • #9,524
  • Jan 11, 2011 11:08am Jan 11, 2011 11:08am
Quoting Dr.Geppynius
es could be buy the dip mode as always till 1500... or 2883
check 10 min es matt .. easy signs selling all day
Blogging daily now at www.volume.zone
  • #9,525
  • Jan 11, 2011 11:20am Jan 11, 2011 11:20am
Quoting KinsaleForex
Thought you set the TP to 2941? It just hit that on my charts. Perhaps not on yours?
The 2 bar reversal at 2951 frightened me off. When it came back to that level, it stalled at 52 for a while. That was enough for me, 1 pip away from my original TP and stalling. Time to get out.
  • #9,526
  • Jan 11, 2011 11:22am Jan 11, 2011 11:22am
Quoting KinsaleForex
Thought you set the TP to 2941? It just hit that on my charts. Perhaps not on yours?
It only hit 2943 on my chart?????
  • #9,527
  • Jan 11, 2011 11:25am Jan 11, 2011 11:25am
Quoting Intel
The 2 bar reversal at 2951 frightened me off. When it came back to that level, it stalled at 52 for a while. That was enough for me, 1 pip away from my original TP and stalling. Time to get out.
That's understandable!

Quoting Intel
It only hit 2943 on my chart?????
Dunno what to say, differences in feeds i suppose!

Been meaning to ask, you posted your requirements for a trade earlier but what is your profit target? Do you set it to 1:1 or just monitor it?
  • #9,528
  • Jan 11, 2011 11:34am Jan 11, 2011 11:34am
eu been a pain to trade all week till it breaks out of this range , gu been way easier , and any related pairs like gbpchf

Quoting KinsaleForex
That's understandable!



Dunno what to say, differences in feeds i suppose!

Been meaning to ask, you posted your requirements for a trade earlier but what is your profit target? Do you set it to 1:1 or just monitor it?
Blogging daily now at www.volume.zone
  • #9,529
  • Jan 11, 2011 11:37am Jan 11, 2011 11:37am
Quoting malcolmb14
eu been a pain to trade all week till it breaks out of this range , gu been way easier , and any related pairs like gbpchf
Agreed, but is there a reason you quoted me?
  • #9,530
  • Jan 11, 2011 11:40am Jan 11, 2011 11:40am
Quoting KinsaleForex
That's understandable!



Dunno what to say, differences in feeds i suppose!

Been meaning to ask, you posted your requirements for a trade earlier but what is your profit target? Do you set it to 1:1 or just monitor it?
It depends on what highs and lows are around. I will mostly set TP at the nearest high/low to a R:R of 1:1. This is almost always achievable.
  • #9,531
  • Jan 11, 2011 11:41am Jan 11, 2011 11:41am
Quoting KinsaleForex
Agreed, but is there a reason you quoted me?
no just as you guys were chatting about eu ....

I htink eu is being accumulated .... but needs time to work.
If this is case could be a really nice up move coming and I think based on a 4hr chart oil , it could because oil rips
Blogging daily now at www.volume.zone
  • #9,532
  • Jan 11, 2011 11:52am Jan 11, 2011 11:52am
Quoting malcolmb14
no just as you guys were chatting about eu ....

I htink eu is being accumulated .... but needs time to work.
If this is case could be a really nice up move coming and I think based on a 4hr chart oil , it could because oil rips
Ah fair enough, thought you were referring to something in particular I said! Something needs to happen cos it's fairly "sideways" at the moment.
  • #9,533
  • Jan 11, 2011 11:53am Jan 11, 2011 11:53am
Round up the usual suspects…

Middle East? Check!
Asian central banks? Bingo!

You’d think these guys were in cahoots or something…Both groups have been buyers of EUR/USD on dips both overnight and in NY and they have been sellers on rallies… The Big Panda has been rumored active buying below 1.2920 and selling above 1.2980.

Rinse, repeat.
  • #9,534
  • Jan 11, 2011 12:09pm Jan 11, 2011 12:09pm
Quoting Dr.Geppynius
Round up the usual suspects…

Middle East? Check!
Asian central banks? Bingo!

You’d think these guys were in cahoots or something…Both groups have been buyers of EUR/USD on dips both overnight and in NY and they have been sellers on rallies… The Big Panda has been rumored active buying below 1.2920 and selling above 1.2980.

Rinse, repeat.
accumulation maybe .... eu buy 1,2900 sell for 80 pip

current shake outo n es 30 min by looks of it so we can expect some form of good news tomorrow that makes market run
Blogging daily now at www.volume.zone
  • #9,535
  • Jan 11, 2011 12:14pm Jan 11, 2011 12:14pm
EU is really hard to read this NY afternoon I find - plenty (read too much) movement in this dead zone time period, but that's low liquidity both time-of-day and due to big boys probably not back in force yet.

It gave back about 50% of the down move from NY morning, and there's buying evident there, but if we close above here, we'll barely be ~20 pips beyond yesterday's 5pm close of 1.295ish - at least yesterday it did 45 pips beyond the previous close. Should bode well for at least a 1.302 test.

Nonetheless, a good base seems to be in, and I'm sure we'll see a DPP test around 1.293 soon. Key is that 1.29045 low was bought - problem is, there are bigger fish in the sea that will show their cards, and upward momentum is still lacking, with too many determined selling players. There's a lot of downward direction that many are expecting - these bond auction results or some euro-brussels gum flapping will probably get it going in the next day or 36 hours I hope.

Doesn't feel like it, but we did get a 100 pipper out of GU!

Here's some current commentary on one of the industry's best guys out there. Ashraf Laidi.

Intraday Market Thought, from Ashraf Laidi

2011.01.11 11:30: EURO CAT BOUNCE RUNNING OF LIVES as the highs get lower ahead of Portugals auction of 1.25 bln in 5 and 10 year bonds (Wednesday) and Spains auction of 3bln in 5-year bonds (Thursday) will be scrutinized in terms of subscription as well as resulting yield. The 200-day MA at $1.3070-80 stands as the immediate barrier for any recovery, but position traders who are short the pair ought to be comfortable with stops above $1.3280. Shorting GBPUSD and EURGBP is another viable way of going against EURUSD. The GBPUSD portion may have shown resiliency above the $1.54 support (200DMA) but considerable pressure remains at $1.5630s. AUDCAD breaks further below its trendline but the key test is found at 0.9720-00 a close below which should trigger 0.9330s. WATCH ASHRAF's BNN INTERVIEW ON PORTUGAL & EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-11_150049.png Size: 13 KB
  • #9,536
  • Jan 11, 2011 12:18pm Jan 11, 2011 12:18pm
ah now it makes snese .. holding pattern till bond auction .... Great uncle T form Japan coming to rescue they will be buying bonds at a faster rate than my chocolate lab can eat his kibbles ...and being a lab he is fast ...

now this accumulation i am seeing makes sense

Quoting Beljevina
EU is really hard to read this NY afternoon I find - plenty (read too much) movement in this dead zone time period, but that's low liquidity both time-of-day and due to big boys probably not back in force yet.

It gave back about 50% of the down move from NY morning, and there's buying evident there, but if we close above here, we'll barely be ~20 pips beyond yesterday's 5pm close of 1.295ish - at least yesterday it did 45 pips beyond the previous close. Should bode well for at least a 1.302 test.

Nonetheless, a good base seems to be in,...
Blogging daily now at www.volume.zone
  • #9,537
  • Jan 11, 2011 12:28pm Jan 11, 2011 12:28pm
omg I looked at daily ....

NEWS
Portugal debt issues ...blah blah

TRAP
move euro under support to get all the bears in while spreading shit about portugal all over news

REALITY
buy euro on all dips

check 4 hr charts... you will see what I am talking baout

I am not buying till 1.3040 , but have buy order sitting there with 50 pip stop and 150 pip tp

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 108 KB
Blogging daily now at www.volume.zone
  • #9,538
  • Jan 11, 2011 12:31pm Jan 11, 2011 12:31pm
thats the compressed downbar i was mentioning in skype whilst you had no clothes on. the banksters are just doing their job straight below 3000 psycholgical supernumber.

Quoting malcolmb14
omg I looked at daily ....

NEWS
Portugal debt issues ...blah blah

TRAP
move euro under support to get all the bears in while spreading shit about portugal all over news

REALITY
buy euro on all dips

check 4 hr charts... you will see what I am talking baout

I am not buying till 1.3040 , but have buy order sitting there with 50 pip stop and 150 pip tp

Attachment
  • #9,539
  • Jan 11, 2011 12:32pm Jan 11, 2011 12:32pm
get rich the lazy way with Mal....

here is the 4 hr I am watching on eu

Looking for break above nfp bar then test , then rippage to 1.33 area

That is if this is strength I am seeing , if not then I will not get a fill and trade will not meet my criteria

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 120 KB
Blogging daily now at www.volume.zone
  • #9,540
  • Jan 11, 2011 12:33pm Jan 11, 2011 12:33pm
I know but on the web cam you did not mind

Quoting Dr.Geppynius
thats the compressed downbar i was mentioning in skype whilst you had no clothes on. the banksters are just doing their job straight below 3000 psycholgical supernumber.
Blogging daily now at www.volume.zone
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