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vsa with Malcolm

  • #10,581
  • Jan 25, 2011 10:42am Jan 25, 2011 10:42am
Quoting pres78
Look at that 15min wide range downbar it was on dropping off volume (lowest in 6 bars on my broker)... no selling pressure? Profit taking? The very next downbar closed off it's low on increased volume and back above that 3611 level. It was good that you got out. I closed out at 3670 simply because that zone between it and 3700 is a dead zone for trading ATM IMHO.
my eSignal feed has that WRB downbar volume as higher than the previous two and the previous one as a no demand upthrust. So it seems we're stuck between 3600 and 3680 at the moment. Starting to look like accumulation with the dips beeing bought and generally increasing volume as the price is kept up above 3580-3600. On the side lines for now till i can see more clarity in the direction on larger TFs.
Change is the only constant
  • #10,582
  • Jan 25, 2011 10:44am Jan 25, 2011 10:44am
Quoting tgwhbb
my eSignal feed has that WRB downbar volume as higher than the previous two and the previous one as a no demand upthrust. So it seems we're stuck between 3600 and 3680 at the moment. Starting to look like accumulation with the dips beeing bought and generally increasing volume as the price is kept up above 3580-3600. On the side lines for now till i can see more clarity in the direction on larger TFs.
Agreed... man I may need to look into a more reliable volume feed.
Today's zone = Tomorrow's opportunity!
  • #10,583
  • Jan 25, 2011 10:50am Jan 25, 2011 10:50am
Did anybody catched the drop in EU??
  • #10,584
  • Jan 25, 2011 11:02am Jan 25, 2011 11:02am
Quoting hutrader
Did anybody catched the drop in EU??
I got in and out for 37 pips off a 5min ND and that nice rejection at the 3670 level. I got in at 3648, out at 3611 and had my SL above the recent high at 3682 for just better than 1:1. It was a riskier entry as I was below hull but it was blue and I was above the PAL.
Today's zone = Tomorrow's opportunity!
  • #10,585
  • Jan 25, 2011 11:09am Jan 25, 2011 11:09am
Quoting hutrader
Did anybody catched the drop in EU??

My longs caught it and went from +40 to be in about5 mins, lol what a crazy day.
  • #10,586
  • Jan 25, 2011 12:04pm Jan 25, 2011 12:04pm
We are going to break, just not sure which way although this last hourly bar does look like a ns however with todays crazy pa it could mean nothing.
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  • #10,587
  • Jan 25, 2011 12:05pm Jan 25, 2011 12:05pm
Quoting Sonofsin5
We are going to break, just not sure which way although this last hourly bar does look like a ns however with todays crazy pa it could mean nothing.
Not much more happening today I suspect.
Today's zone = Tomorrow's opportunity!
  • #10,588
  • Jan 25, 2011 12:46pm Jan 25, 2011 12:46pm
it is 266 for now.
  • #10,589
  • Jan 25, 2011 1:26pm Jan 25, 2011 1:26pm
Everytime it goes down... it comes back up to that same zone. Let's see if tommorow PA can finally push up through. One could have made some nice pips just selling this level...
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Today's zone = Tomorrow's opportunity!
  • #10,590
  • Jan 25, 2011 2:02pm Jan 25, 2011 2:02pm
Nice phony-baloney upthrust, right into an expected TL, which thankfully held and rejected the whole 50 pip sillyness - was due to BOE's King flappin' his gums about how it's not really that bad ... .

Expecting the current low to hold as we hover to 5pm NY close, and then another venture up, selling the rallies - scalping time.
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  • #10,591
  • Jan 25, 2011 2:23pm Jan 25, 2011 2:23pm
Leave it to end of day NY to make a new high on the EURUSD... will we creep up through 3700 on low volume at days end?
Today's zone = Tomorrow's opportunity!
  • #10,592
  • Jan 25, 2011 2:27pm Jan 25, 2011 2:27pm
Quoting pres78
Leave to end of day NY to make a new high on the EURUSD... will we creep up through 3700 on low volume at days end?
It's a definite testament to the screwiness that was today's PA. Market can't make up it's mind ahead of some important game changers to occur during the rest of the week.
  • #10,593
  • Jan 25, 2011 2:29pm Jan 25, 2011 2:29pm
Quoting Beljevina
It's a definite testament to the screwiness that was today's PA. Market can't make up it's mind ahead of some important game changers to occur during the rest of the week.
What are you reffering to as game changers?
Today's zone = Tomorrow's opportunity!
  • #10,594
  • Jan 25, 2011 2:32pm Jan 25, 2011 2:32pm
Quoting pres78
Leave it to end of day NY to make a new high on the EURUSD... will we creep up through 3700 on low volume at days end?

And there is that 3702 level I referred to earlier. Price touched it before moving back down some.
Today's zone = Tomorrow's opportunity!
  • #10,595
  • Jan 25, 2011 2:46pm Jan 25, 2011 2:46pm
Quoting pres78
What are you reffering to as game changers?
fomc game changers .... but based on weekly eu i am still looking for any down moves to be bought....

1.3700 spike up just now though looks trappish.... 1,3640 breaks down in London I am selling for 100 pip
Blogging daily now at www.volume.zone
  • #10,596
  • Jan 25, 2011 2:52pm Jan 25, 2011 2:52pm
Quoting malcolmb14
fomc game changers .... but based on weekly eu i am still looking for any down moves to be bought....

1.3700 spike up just now though looks trappish.... 1,3640 breaks down in London I am selling for 100 pip
Glad to see i've identified the same level as the master

Looking for a test/NS at 3640 (trigger line on attached 2hr chart) for a long, otherwise i'm short as well.
Attached Image (click to enlarge)
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Change is the only constant
  • #10,597
  • Jan 25, 2011 2:59pm Jan 25, 2011 2:59pm
Quoting tgwhbb
Glad to see i've identified the same level as the master

Looking for a test/NS at 3640 (trigger line on attached 2hr chart) for a long, otherwise i'm short as well.
that is what i am looking at
Blogging daily now at www.volume.zone
  • #10,598
  • Jan 25, 2011 3:06pm Jan 25, 2011 3:06pm
Malcomb,
Will you please post your EU weekly chart when you get time?
Thanks
Quoting malcolmb14
that is what i am looking at
  • #10,599
  • Jan 25, 2011 3:08pm Jan 25, 2011 3:08pm
little ND on the EU15 just before NY closes, right after a 2-bar UT. If it weren't 4PM i'd probably short the break of the ND, but for now i'm going to wait it out.
Change is the only constant
  • #10,600
  • Jan 25, 2011 3:10pm Jan 25, 2011 3:10pm
Quoting malcolmb14
fomc game changers .... but based on weekly eu i am still looking for any down moves to be bought....

1.3700 spike up just now though looks trappish.... 1,3640 breaks down in London I am selling for 100 pip
Yes but it was a nice way to pick up 30 pips at the end of day (non VSA). I had a short pending at 3700 down to that stubborn 3670 level. I had a tight 10 pip SL in case it continued on up so it had a nice risk / reward.
Today's zone = Tomorrow's opportunity!
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