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vsa with Malcolm

  • #10,401
  • Jan 21, 2011 10:40am Jan 21, 2011 10:40am
Quoting Dr.Geppynius
you are shorting a pair which is in superbull mode. wh not buy signals on dips
eur has bunch of options expiring on monday, pushing it through 1.3600 today saves them a big chunk of money.
i'm not shorting it was just wondering if anyone was tempted to do it.

Where do you get the options information from? Seems like something useful to know.
Change is the only constant
  • #10,402
  • Jan 21, 2011 11:14am Jan 21, 2011 11:14am
Quoting tgwhbb
i'm not shorting it was just wondering if anyone was tempted to do it.

Where do you get the options information from? Seems like something useful to know.
Theres some websites that have ex interbank chatter that post blog updates. Its one of those things that can be very important or not at all esspecially becuase options are traded otcbb and theres not really any way of verifying certain "claims."
  • #10,403
  • Jan 21, 2011 11:20am Jan 21, 2011 11:20am
Quoting Sonofsin5
Theres some websites that have ex interbank chatter that post blog updates. Its one of those things that can be very important or not at all esspecially becuase options are traded otcbb and theres not really any way of verifying certain "claims."
Can you post one
  • #10,404
  • Jan 21, 2011 11:26am Jan 21, 2011 11:26am
so here we are back at that weekly R level

now do we blast right thru this next week , shoing an eu move to 1.4 / 1.44 on tghe cards .. or do we stall here ?

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #10,405
  • Jan 21, 2011 11:30am Jan 21, 2011 11:30am
professional money showing their respect to you

http://img412.imageshack.us/img412/2...0121182705.png
  • #10,406
  • Jan 21, 2011 11:30am Jan 21, 2011 11:30am
Quoting tgwhbb
Essentially yes. UT are signs of weakness and are generally seen near tops, but can also indicate downtrend continuation if seen in a down move. Shakeouts are signs of strength and seen near bottoms, can also indicate uptrend continuation if seen in an upmove. Both need to have higher volume than the previous 2 bars. Visually the do look like mirror images.

Cheers dude
  • #10,407
  • Jan 21, 2011 11:38am Jan 21, 2011 11:38am
Quoting Dr.Geppynius
you are shorting a pair which is in superbull mode. wh not buy signals on dips
eur has bunch of options expiring on monday, pushing it through 1.3600 today saves them a big chunk of money.
Hey Dr G, where do you check this info about options expiration ?
Thanks
  • #10,408
  • Jan 21, 2011 11:38am Jan 21, 2011 11:38am
Quoting Niko4ever
Can you post one
I dont want to feel responsible for the psychological battle you will have when somebody says theres an option barrier at 3700 and they expire next week (while your short eur). Stick to vsa its all you need.
  • #10,409
  • Jan 21, 2011 11:41am Jan 21, 2011 11:41am
Quoting malcolmb14
so here we are back at that weekly R level

now do we blast right thru this next week , shoing an eu move to 1.4 / 1.44 on tghe cards .. or do we stall here ?

Attachment
The ES didn't made it to 1300 this week, some more positive earnig results next week may give him the boost and on the back EU may clear the 3600 for the move to 1.4000+

Btw, Malcolm what says your instinct to JPY ?
There are three kind of lies: lies, damned lies and statistics.
  • #10,410
  • Jan 21, 2011 11:42am Jan 21, 2011 11:42am
hahah back from a drinking session hmmm, saw a very good entry on 1hr 5 bars bac with no supply. i think that is a very beautiful entry. but fellow traders hahha enjoying life is very important too
  • #10,411
  • Jan 21, 2011 11:48am Jan 21, 2011 11:48am
GU got whacked on that rise attempt to 1.6013, and we've broken the upwards (blue) TL. I find a 4 minute chart is great for discerning the subtle differences of volume increases and more consistently points out ND areas.

Was hoping for 1.603/604 today - not optimistic any longer, and EU might get capped/whacked at 1.36. Good progress nonetheless for the day on each.
Attached Image (click to enlarge)
Click to Enlarge Name: guWhacked.PNG Size: 56 KB
  • #10,412
  • Jan 21, 2011 12:01pm Jan 21, 2011 12:01pm
Just a personal feeling cause background information , Eur is seriously in a pretty bad shape, could this up trend be just a mark up buy big players so that they can short at a higher price for more profits cause on the up bar today on the daily chart the volume wont be as high as yesterday. Just a personal view after some drinks hahah
  • #10,413
  • Jan 21, 2011 12:06pm Jan 21, 2011 12:06pm
Quoting AngelineW
Just a personal feeling cause background information , Eur is seriously in a pretty bad shape, could this up trend be just a mark up buy big players so that they can short at a higher price for more profits cause on the up bar today on the daily chart the volume wont be as high as yesterday. Just a personal view after some drinks hahah
volume is quite low indeed on the daily so far, and being friday not sure how much more volume we'll get with 4 hours left in the trading day. But daily tick volume is not reliable i'm told, so maybe someone with a futures chart would be kind enough to post a daily view at the end of the day
Change is the only constant
  • #10,414
  • Jan 21, 2011 12:09pm Jan 21, 2011 12:09pm
Quoting AngelineW
Just a personal feeling cause background information , Eur is seriously in a pretty bad shape, could this up trend be just a mark up buy big players so that they can short at a higher price for more profits cause on the up bar today on the daily chart the volume wont be as high as yesterday. Just a personal view after some drinks hahah
EUR woes have started to fade into the background (for now) with some ever increasing good reports from Germany business (actually confidecne readings are at an all time high) and talks from ECB about keeping inflation in check and talks of bailouts to save many banks the EUR isn't down for the count just yet. If this is just mark-up they've been at it since the 10th of January. This pair is bullish with 1.4 in sights until PA starts to prove otherwise IMHO.
Today's zone = Tomorrow's opportunity!
  • #10,415
  • Jan 21, 2011 12:09pm Jan 21, 2011 12:09pm
sonofin knows the answer to this one well.

My instint to JPY is it is a piece of shit and I never trade it ...lol

Quoting Seismograph
The ES didn't made it to 1300 this week, some more positive earnig results next week may give him the boost and on the back EU may clear the 3600 for the move to 1.4000+

Btw, Malcolm what says your instinct to JPY ?
Blogging daily now at www.volume.zone
  • #10,416
  • Jan 21, 2011 12:10pm Jan 21, 2011 12:10pm
Can you do me a favour and place some more dots on your 2nd charts ? lol ....

Quoting Beljevina
GU got whacked on that rise attempt to 1.6013, and we've broken the upwards (blue) TL. I find a 4 minute chart is great for discerning the subtle differences of volume increases and more consistently points out ND areas.

Was hoping for 1.603/604 today - not optimistic any longer, and EU might get capped/whacked at 1.36. Good progress nonetheless for the day on each.
Blogging daily now at www.volume.zone
  • #10,417
  • Jan 21, 2011 12:11pm Jan 21, 2011 12:11pm
Quoting malcolmb14
sonofin knows the answer to this one well.

My instint to JPY is it is a piece of shit and I never trade it ...lol
I second that one...
Today's zone = Tomorrow's opportunity!
  • #10,418
  • Jan 21, 2011 12:19pm Jan 21, 2011 12:19pm
Quoting malcolmb14
sonofin knows the answer to this one well.

My instint to JPY is it is a piece of shit and I never trade it ...lol
Haha, im still feeling those "intervention" jitters. Uj is a pile of sh!t, dont trade it, look at it or think about it.
  • #10,419
  • Jan 21, 2011 12:26pm Jan 21, 2011 12:26pm
Quoting AngelineW
Just a personal feeling cause background information , Eur is seriously in a pretty bad shape, could this up trend be just a mark up buy big players so that they can short at a higher price for more profits cause on the up bar today on the daily chart the volume wont be as high as yesterday. Just a personal view after some drinks hahah
I have a huge level of trust in my Citibank LP volumes, as a broad reflection of the fx market - the volumes this Friday NY afternoon are quite large and increasing on an hourly basis. Hard to read, but I'm thinking that if it were predominantly strong buying, we'd be shooting out of here, esp. given it's a Friday afternoon, but that's not happening. I too think there's unloading going on, and a bull trap being set. I'm not imagining much more bullishness to close out the monthly candle.

Fundamentally, I'd like to think more of a spotlight will be on the EU for next week - some pretty big expectations are being built on bank/loan assurance, yet Spanish Cajas mortgage and property revaluation (ie., devaluation, lol!) needs to occur - me thinks that will end next week with a EURUSD whimper, but we'll see. Had some of my own musings here, which I will shamelessly haul out should it play out, lol!

(There was a great report on Bloomberg TV that toured Spanish suburbs full of new condo apartment blocks that were completely deserted; families simply walked away, leaving all their belongings behind in the apartment, and most if not all the buildings were fenced in. It looked like those Soviet era apartments, with no inhabitants around. can't find the report on their web, but if you mine youtube, you can see videos others have made of this. Quite eerie IMO, and financially unresolved.)
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  • #10,420
  • Jan 21, 2011 12:28pm Jan 21, 2011 12:28pm
Quoting malcolmb14
Can you do me a favour and place some more dots on your 2nd charts ? lol ....
Arghh! ... you beat me to the comment --- forgot to include the usual Beljevina chart disclaimer, lol!

I'm testing out some indis, but am mostly unimpressed with them ... just wait 'till I post you one with lots of trendlines, lol! (ie., the one before this post is merely a fraction of the damage I can do to one's eyes ... )
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