vsa with Malcolm | Page 525 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #10,481
  • Jan 23, 2011 11:21am Jan 23, 2011 11:21am
Hi again, Malcolm,

I was wondering why you use futures chart instead of currency charts to make your analysis.... ?
I am assuming that if you use a eur futures chart, this is to see how strong/weak a currency is, but does it mean that if you don't see weakness on the eur vs usd for next week that all the other eur pairs will be strong?

Or, is it a stupid question? I have never used a future chart.....

Ps: I know, you try to trade higher tf now, but did you use a future chart in the past for intraday trades?

Thanks,
Mel
  • #10,482
  • Jan 23, 2011 11:53am Jan 23, 2011 11:53am
vsa works on all time frames...

here is weekly eu futures

1 ... high vol test closing as a pin bar = bullish
2) test of low of that canle at 1
3) reversal bar and up move , last week was a 380 pip range week , 30 pips above the 21 weeks average , so although on high volume , it closed in the highs on an above normal range week , suggesting strength , however we know that markets do not like ultra high volume up bars . To prove the strength we can look for testing at about 38% fib retracement of last weeks move at about 1.3495 , that is our long entry and based on a weekly range of 350 pip target next week is 1.3850 , maybe 1.4 even

long term if this strength plays out , and symmetry plays out we could see 1,5150.

I have been long since 1.3020 , add 1.3090 , added 1.3250 and will add 1.3490 , 1st three orders are protected and stops on 1.3490 entry will be 100 pip with 350 pip minimum tp.

Attached Image (click to enlarge)
Click to Enlarge Name: eu44.png Size: 231 KB
Blogging daily now at www.volume.zone
  • #10,483
  • Jan 23, 2011 12:06pm Jan 23, 2011 12:06pm
weekly gold chart

rounded top and major distribution on daily .1300 target 1 , 1250 target 2 , 1215 potential

Attached Image (click to enlarge)
Click to Enlarge Name: eu45.png Size: 181 KB
Blogging daily now at www.volume.zone
  • #10,484
  • Jan 23, 2011 12:54pm Jan 23, 2011 12:54pm
Quoting malcolmb14
ok weekly challenge ( for any halo reach fans that like challenges you will enjoy this)

go back in time on euro and find as wide a spread whycoff spring as happened at the 1st 2 weeks of Jan.... there has been NOT one larger than this one..

eu 1.4600 could be on the cards , but one step at a time


Attachment
But your hulls is red lol.
  • #10,485
  • Jan 23, 2011 1:25pm Jan 23, 2011 1:25pm
Quoting marcb
Hello Malcomb,
Thank you for your posts that I always read with interest so I can learn something.
I have a question: where do you see EURUSD topping? May be 1.40?
and why?

Thanks
Marc
Yes, that is missing: what is price on exparation day? ...for EURUSD, GBPUSD, USDCHF, AUDUSD...
The Market pays you to be disciplined
  • #10,486
  • Jan 23, 2011 2:57pm Jan 23, 2011 2:57pm
Quoting Sonofsin5
But your hulls is red lol.
not on the monthly it isn't

as you said looks like 2011 could be the year usd gets crushed
Blogging daily now at www.volume.zone
  • #10,487
  • Edited 5:12am Jan 24, 2011 4:59am | Edited 5:12am
EU has come off 1.355 and looking a bit shakeouty. I'm looking for a possible long.

Edit: there's still supply present. Might not work out.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h1_2011-01-24.png Size: 50 KB
  • #10,488
  • Jan 24, 2011 6:27am Jan 24, 2011 6:27am
Quoting comapip
EU has come off 1.355 and looking a bit shakeouty. I'm looking for a possible long.

Edit: there's still supply present. Might not work out.
Both of your SOs are on low volume, these are pseudo shake outs and are very unreliable. You should not trade these as the lows will all too often be taken out.
  • #10,489
  • Jan 24, 2011 6:33am Jan 24, 2011 6:33am
Price is back in the "shakeouty" range. Volume is not low, price keeps making higher highs and higher lows. Looking for a test of the high vol. down bar. The only thing I don't like is the "tails" or long upper candle wicks.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m15_2011-01-24.png Size: 53 KB
  • #10,490
  • Jan 24, 2011 6:41am Jan 24, 2011 6:41am
We could have to wait until NY open to see eu down move..
  • #10,491
  • Jan 24, 2011 6:45am Jan 24, 2011 6:45am
Quoting comapip
EU has come off 1.355 and looking a bit shakeouty. I'm looking for a possible long.

Edit: there's still supply present. Might not work out.
EU H1 looks bull flagish to me.
  • #10,492
  • Jan 24, 2011 6:47am Jan 24, 2011 6:47am
Quoting Intel
Both of your SOs are on low volume, these are pseudo shake outs and are very unreliable. You should not trade these as the lows will all too often be taken out.
The lows were indeed taken out. You're too good at this!

And I did not trade those. Was just looking. 1.355 seems like a reasonable place to stop and continue the up move but I'd rather long from 1.35-1.351 as it's a channel bottom and horizontal support level. Still just looking though.
  • #10,493
  • Jan 24, 2011 6:57am Jan 24, 2011 6:57am
Quoting Intel
Both of your SOs are on low volume, these are pseudo shake outs and are very unreliable. You should not trade these as the lows will all too often be taken out.
Hi guys,

I have learned something new today.... Thx for the post Intel!
  • #10,494
  • Edited 7:16am Jan 24, 2011 7:05am | Edited 7:16am
The last 15min candles on EURUSD have all been upbars but on lowering volume... No Buying pressure? Weakness in the background with more downside to come during NY?

Looks like some supply came in on that last 15min. Upthrust, downbar but volume is still not very high. Highest of last 4 bars.
Today's zone = Tomorrow's opportunity!
  • #10,495
  • Jan 24, 2011 7:57am Jan 24, 2011 7:57am
Are we seeing a possible trap-up move on the EURUSD 15min chart? PA is weird... we are climbing on lowering volum... then we had a wide spread upbar closing off it's highs on increasing volume, then a higher volume pinbar (on my charts) or test.....
Today's zone = Tomorrow's opportunity!
  • #10,496
  • Jan 24, 2011 8:11am Jan 24, 2011 8:11am
eu indeed weak. there was chatter about selling interest at the 13.15 gmt fixing price

Quoting pres78
Are we seeing a possible trap-up move on the EURUSD 15min chart? PA is weird... we are climbing on lowering volum... then we had a wide spread upbar closing off it's highs on increasing volume, then a higher volume pinbar (on my charts) or test.....
  • #10,497
  • Jan 24, 2011 8:15am Jan 24, 2011 8:15am
Quoting Dr.Geppynius
eu indeed weak. there was chatter about selling interest at the 13.15 gmt fixing price
13.15gmt fixing price?
Today's zone = Tomorrow's opportunity!
  • #10,498
  • Jan 24, 2011 8:22am Jan 24, 2011 8:22am
"The European Central Bank (ECB) sets currency fixings every working day in Frankfurt at 2:15 p.m. Frankfurt time. The actual procedure of this fixing is done by observing the spot rates in the inter bank market, in which the ECB also participates. Traders of the ECB in various locations get together to decide on how to set the fixing. The quantity quoted is not a bid price or an offer price the ECB or anybody else necessarily trades at, but is rather used for statistical and official means, for instance tax computation or economic research."

there is also the london fixing which is more popular for gold prices.

Quoting pres78
13.15gmt fixing price?
  • #10,499
  • Jan 24, 2011 8:25am Jan 24, 2011 8:25am
Quoting Dr.Geppynius
"The European Central Bank (ECB) sets currency fixings every working day in Frankfurt at 2:15 p.m. Frankfurt time. The actual procedure of this fixing is done by observing the spot rates in the inter bank market, in which the ECB also participates. Traders of the ECB in various locations get together to decide on how to set the fixing. The quantity quoted is not a bid price or an offer price the ECB or anybody else necessarily trades at, but is rather used for statistical and official means, for instance tax computation or economic research."...
I see... that's so much for the explanation.
Today's zone = Tomorrow's opportunity!
  • #10,500
  • Jan 24, 2011 8:27am Jan 24, 2011 8:27am
And another one

"A preset time of day when bids and offers are aggregated and cleared at a published price. Popular fixings are the “ECB fix” at 12:15 GMT and the London fixing at 16:00 GMT. Fixings are used primarily by asset managers. They have a fiduciary responsibility to get their clients the best possible execution and the thinking is the fixing price is the most transparent of the day. The benchmark price is published by the WM Company."
8 traders viewing now