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vsa with Malcolm

  • #10,541
  • Jan 25, 2011 4:26am Jan 25, 2011 4:26am
I entered this trade 1:15mins before LO. Saw weakness in the BG and a nice ND with low at 5984. Entered with SL at that shared high of 6012. I opened 3 lots with my first TP at 1:1 for +28 pips and moved the other 2 to BE (had MT4 email me once TP was hit since I was back in bed). Woke up to a nice surpirse to see that this thing has rocketed down. I close position 2 at +200 and move position 3 to BE+100 and will let it ride.
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Today's zone = Tomorrow's opportunity!
  • #10,542
  • Jan 25, 2011 5:16am Jan 25, 2011 5:16am
[quote=pres78;4341442]I entered this trade 1:15mins before LO.

Hi Pres,

Good job on this trade. I wanted to enter a short eur-usd trade as I had found a setup this morning but I didn't took it as it was counter trend .... I got scared!

I know Intel would have take the setup!

Have a nice day
Mel
  • #10,543
  • Jan 25, 2011 5:27am Jan 25, 2011 5:27am
all i see at the moment...
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Catching a falling knife, no, I'm just trading the Gartley!
  • #10,544
  • Jan 25, 2011 5:54am Jan 25, 2011 5:54am
Hello, i've been a bit quiet the last few days. Due to exterior circumstances and not really having my head in it i made a crap call and had a losing trade on Friday. Also took yesterday off as well.

Made it back this morning with the following trade;

Buy @ 1.3600
Target @ 1.3632
Stop @ 1.3568
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  • #10,545
  • Jan 25, 2011 6:03am Jan 25, 2011 6:03am
Entered this trade after what appeared to be demand entering / stopping volume followed by 2 upbars and then a NS. Took 1 lot for 1:1. It was a little riskier since we hadn't closed back over the hull and it was still red.
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Today's zone = Tomorrow's opportunity!
  • #10,546
  • Jan 25, 2011 6:10am Jan 25, 2011 6:10am
Quoting pres78
Entered this trade after what appeared to be demand entering / stopping volume followed by 2 upbars and then a NS. Took 1 lot for 1:1. It was a little riskier since we hadn't closed back over the hull and it was still red.
Pres, why not there? Wher I have the purple arrow?
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  • #10,547
  • Jan 25, 2011 6:12am Jan 25, 2011 6:12am
Im short eur, this is going to be a very interesting US open. Eur found resistance right where it should have and hasnt had the strength to move past 3640. We are going to see what the eur bulls are made of this mroning.
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  • #10,548
  • Jan 25, 2011 6:17am Jan 25, 2011 6:17am
Quoting hutrader
Pres, why not there? Wher I have the purple arrow?
1. I use the Hull and PAL and at this point we were well under both and the hull was red.
2. I still saw weakness with no strength yet confirmed. That bar to me looks like a possible SO and we do get an upbar next but then we never get an entry point through a weak test or NS.
Today's zone = Tomorrow's opportunity!
  • #10,549
  • Jan 25, 2011 6:24am Jan 25, 2011 6:24am
Cable under heavy presure even after a 200 pip drop, we may see some long side covering today on the euro due to the downside momentume in the pound.
  • #10,550
  • Jan 25, 2011 6:44am Jan 25, 2011 6:44am
There is some big earning releases today as well which could lend a hand to US yields.
  • #10,551
  • Jan 25, 2011 6:50am Jan 25, 2011 6:50am

Seeing more signs of weakness. An update on the short.

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  • #10,552
  • Jan 25, 2011 7:31am Jan 25, 2011 7:31am
Quoting Sonofsin5

Seeing more signs of weakness. An update on the short.

which volume feed is this?
  • #10,553
  • Jan 25, 2011 8:52am Jan 25, 2011 8:52am
Careful with any EURUSD longs until we get back above 3611. This level has kept the upside contained since we broke back below it 9 - 15min bars ago (also we have last weeks high sitting at 3622). Then we have 3640 and the 3670 to 3690 areas to contend with before taking on 3700. That 3670 to 3690 zone has kicked price down all 3 times we have visited it over the last 2 days.

3702 could prove tough also as it is the 15min +2/8 MM level (for those that use MM lines) and the Daily R1 level.
Today's zone = Tomorrow's opportunity!
  • #10,554
  • Jan 25, 2011 9:04am Jan 25, 2011 9:04am
Posting the futures and check the volume before.
Malcolm or anybody any ideas?
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  • #10,555
  • Jan 25, 2011 9:07am Jan 25, 2011 9:07am
And here it is zoomed in into current.
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  • #10,556
  • Jan 25, 2011 9:10am Jan 25, 2011 9:10am
Quoting pres78
Careful with any EURUSD longs until we get back above 3611. This level has kept the upside contained since we broke back below it 9 - 15min bars ago (also we have last weeks high sitting at 3622). Then we have 3640 and the 3670 to 3690 areas to contend with before taking on 3700. That 3670 to 3690 zone has kicked price down all 3 times we have visited it over the last 2 days.

3702 could prove tough also as it is the 15min +2/8 MM level (for those that use MM lines) and the Daily R1 level.
i'd be careful with any shorts as well. The last 2 5-min bars together look like a pretty big shakeout. Time to see if there is follow through.
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Change is the only constant
  • #10,557
  • Jan 25, 2011 9:12am Jan 25, 2011 9:12am
And one more for the GBP Futures
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  • #10,558
  • Jan 25, 2011 9:18am Jan 25, 2011 9:18am
Quoting tgwhbb
i'd be careful with any shorts as well. The last 2 5-min bars together look like a pretty big shakeout. Time to see if there is follow through.
The first one was right after the High Impact News (I know many don't pay attention to news...) and it was on high volume closing off it's lows with the next bar being an upbar with a long lower wick both being kept up by the 3600 level. The third one just closed as a downbar with a long lower wick on lower volume than the previous 2 (a test on low volume since spread might be too large to call it NS. Not sure where we are headed ATM. Have to let VSA tell us if and when we get a clear and consise sign.
Today's zone = Tomorrow's opportunity!
  • #10,559
  • Jan 25, 2011 9:20am Jan 25, 2011 9:20am
Shorts are gone, there was 50 pips on that short earlier from 3635 to be had, the eur has been bought all morning since that dip.
  • #10,560
  • Jan 25, 2011 9:22am Jan 25, 2011 9:22am
Quoting tgwhbb
i'd be careful with any shorts as well. The last 2 5-min bars together look like a pretty big shakeout. Time to see if there is follow through.
took a long after the 5min Ns/test bar after the shakeout seen. Long @3618, which is where the strength started to appear in early London session. SL set to BE+1 and watching.
Change is the only constant
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