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vsa with Malcolm

  • #9,901
  • Jan 16, 2011 7:51pm Jan 16, 2011 7:51pm
Quoting Intel
Sorry guys, I have removed my comments cos I'm half asleep and I'm making a mess of it.
Please comment again later so I can continue to learn.
Today's zone = Tomorrow's opportunity!
  • #9,902
  • Edited 9:05pm Jan 16, 2011 8:23pm | Edited 9:05pm
Quoting HiddenGap

From a VSA point of view, you would want to "acknowledge" the shake...

Yes the Shakeout. Actually I would have give more importance to the shakeout if the tail end of the pin tested on the prelim support. Nonetheless, is close enough in this case. And in your example, you have illustrated clearly, the test that occurs later, did actually test the shakeout.

"Wyckofian" is a good word. I never thought of that . Well for me when i started learning VSA, i keep scratching my head & arse when someone says "here is a test", i know that is testing something but what?...it have to be some sort of previous support or strengths, right?

Then i found some a chap here or somewhere mention about Wyckoff schematics that's where I begin to scratch a bit less. & also is probably due to my obsession with support & resistance.

Anyway w/o you guys here things would have been worst.

Thanks you for your feedback.
  • #9,903
  • Jan 17, 2011 2:12am Jan 17, 2011 2:12am
H1 shows clear Distribution, Short taken off m15 ND back at S/R level
Attached Image (click to enlarge)
Click to Enlarge Name: Short EU 17-01-2011 7-07-47 PM.jpg Size: 92 KB
  • #9,904
  • Jan 17, 2011 2:27am Jan 17, 2011 2:27am
It looks like Dr G is right, he is staying put for now & there is no need to bail him out of Tibet.... I sense a test coming soon...

Attached Image (click to enlarge)
Click to Enlarge Name: es19u204.gif Size: 26 KB
  • #9,905
  • Jan 17, 2011 2:47am Jan 17, 2011 2:47am
Quoting Sonny1
H1 shows clear Distribution, Short taken off m15 ND back at S/R level
I don`t like action in H1 now, possible buying?
  • #9,906
  • Jan 17, 2011 2:55am Jan 17, 2011 2:55am
Quoting juhanimi
I don`t like action in H1 now, possible buying?
possible exit price at 3275....

sitting at correlating 50% fib and H1 trigger level
Attached Image
  • #9,907
  • Jan 17, 2011 2:56am Jan 17, 2011 2:56am
Quoting juhanimi
I don`t like action in H1 now, possible buying?
Looks that way,

clearer on M30

Malcom did mention 1.325-80 area as good place to enter long

I took one at 1.3289 and set an order for another at 1.325 if we get there
Mind over matter..I don't mind and you don't matter.
  • #9,908
  • Jan 17, 2011 2:57am Jan 17, 2011 2:57am
Now it is better.
  • #9,909
  • Jan 17, 2011 3:05am Jan 17, 2011 3:05am
Quoting Sonny1
possible exit price at 3275....

sitting at correlating 50% fib and H1 trigger level
never mind... Market tells us to stay in!


Quoting JuliusCeasar
Looks that way,

clearer on M30

Malcom did mention 1.325-80 area as good place to enter long

I took one at 1.3289 and set an order for another at 1.325 if we get there

I'd be careful with the longs JC, markets is showing result of distribution
  • #9,910
  • Edited 3:41am Jan 17, 2011 3:23am | Edited 3:41am
Quoting Sonny1
never mind... Market tells us to stay in!





I'd be careful with the longs JC, markets is showing result of distribution

You might be right, but lets see if 1.325 will hold

I have added at 1.3250


Attached Image (click to enlarge)
Click to Enlarge Name: H1.GIF Size: 30 KB
Mind over matter..I don't mind and you don't matter.
  • #9,911
  • Jan 17, 2011 4:58am Jan 17, 2011 4:58am
[quote=malcolmb14;4316586]Here is why I was buying above 1.3020 and waiting for the strength to prove itself for move to 1.3500 to 1.4. I have one position 1.3020 , added 1.3090 ( stop and risk was only 50pip) , will add 1.3250 to 1.3280....

Malcolmb

that was almost "point landing". The cleanup spike down made it to 3244 bu the close in m5 was 52.
So, according to your elaboration it will be scenario 1.

Will see how it will work out. Currently it si creeping back to 5290 with average volume. But volume may not kick in today diue to US bank hollyday.

(Btw i took a small scoop at 3257)

Seismo
There are three kind of lies: lies, damned lies and statistics.
  • #9,912
  • Jan 17, 2011 5:00am Jan 17, 2011 5:00am
Hi,

Got the demo well I registered.

On my ipad the stocks etc have volume but the Forex does not? Anyone who uses the mobile version know why?
  • #9,913
  • Jan 17, 2011 5:07am Jan 17, 2011 5:07am
Quoting ozzieb88
Hi,

Got the demo well I registered.

On my ipad the stocks etc have volume but the Forex does not? Anyone who uses the mobile version know why?
We downloaded it for the iPod Touch the other day and had the same problem, every indicator apart from Volume was available for Forex!
  • #9,914
  • Jan 17, 2011 5:30am Jan 17, 2011 5:30am
Quoting KinsaleForex
We downloaded it for the iPod Touch the other day and had the same problem, every indicator apart from Volume was available for Forex!
Hmm strange that... Maybe somebody in the know can help.

On a non forex related matter, I hope whoever watches FTSE stocks saw the good buy on BP! :-)
  • #9,915
  • Jan 17, 2011 6:19am Jan 17, 2011 6:19am
Quoting KinsaleForex
We downloaded it for the iPod Touch the other day and had the same problem, every indicator apart from Volume was available for Forex!
I got no experience with apple, but on my Samsung B7610 it worked instantly! BTW I'm EU long 1.32750 with stop at BE! Thank U Mal!
  • #9,916
  • Jan 17, 2011 6:40am Jan 17, 2011 6:40am
Is EU having a test now on the AR level as indicated?

Attached Image (click to enlarge)
Click to Enlarge Name: Eu1hr975325r2.gif Size: 23 KB
  • #9,917
  • Jan 17, 2011 7:08am Jan 17, 2011 7:08am
Again please VSA pro's provide advice / corrections. Where would one get in long after the reverse upthrust (or is this a shake out?)... Would one get in here or up further? All of the upbars are on low volume... perhaps because of the US holiday? Also the test I marked is not on low volume, nor does it test any low territory which is why I marked is test of a breakout?
Attached Image
Today's zone = Tomorrow's opportunity!
  • #9,918
  • Edited 7:25am Jan 17, 2011 7:09am | Edited 7:25am
Quoting kave
Is EU having a test now on the AR level as indicated?

Attachment

nice analysis... as long as the second test (which it isn't) your pointing at is an indication to short. Back on to support turned resistance with distribution in BG
  • #9,919
  • Jan 17, 2011 7:09am Jan 17, 2011 7:09am
Hmmm, currently it's comming of a little with "relative" low volume.

Could we test 3380 today?
There are three kind of lies: lies, damned lies and statistics.
  • #9,920
  • Jan 17, 2011 7:13am Jan 17, 2011 7:13am
If we have a confirmed trend either up or down can one trade using VSA the retraces to re-renter (or to get in if original trade was missed)? Say we have a confirmed move up and then we get 2 or 3 down bars that retrace but on lower volume with 1 or all ending up as ND bars can we enter at the break of these bars with no other confirmations?
Today's zone = Tomorrow's opportunity!
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Macallik