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vsa with Malcolm

  • #10,621
  • Jan 26, 2011 3:47am Jan 26, 2011 3:47am
Quoting Plata
Here is the indi:

http://www.forexfactory.com/showthread.php?t=32296

I use a box size of "200" - my broker is a 5 digit broker. 200 equals 20 pips.

Currently, I'm reading Definitive Guide to Point and Figure from Jeremy du Plessier. Not hard to understand but I just started...

thanks but all these PF indicators crash my MT4...dunno y...
  • #10,622
  • Jan 26, 2011 3:58am Jan 26, 2011 3:58am
Quoting Plata
Here is the indi:

http://www.forexfactory.com/showthread.php?t=32296

I use a box size of "200" - my broker is a 5 digit broker. 200 equals 20 pips.

Currently, I'm reading Definitive Guide to Point and Figure from Jeremy du Plessier. Not hard to understand but I just started...
That's a good book, it might be worth having a look at the other book from that publishing house as well. "The Complete Guide To Point and Figure Charting" http://www.harriman-house.com/pointandfigure
  • #10,623
  • Jan 26, 2011 4:16am Jan 26, 2011 4:16am
Quoting KinsaleForex
That's a good book, it might be worth having a look at the other book from that publishing house as well. "The Complete Guide To Point and Figure Charting" http://www.harriman-house.com/pointandfigure
Gracías!

Kingsale, do you use this technique? What are your experiences?
  • #10,624
  • Jan 26, 2011 4:26am Jan 26, 2011 4:26am
The first area of trading I got into was Point and Figure so I have a bit of experience with it. We're currently working on a system/strategy combining it with VSA.
  • #10,625
  • Jan 26, 2011 4:41am Jan 26, 2011 4:41am
Quoting KinsaleForex
The first area of trading I got into was Point and Figure so I have a bit of experience with it. We're currently working on a system/strategy combining it with VSA.
Great!
I found it, because I think you posted Jeremy's book earlier on! I saw a video were someone was making a prediction of future prices. I tried to make a prediction that way on the previous page in this thread.
Surely, there is more about it. I just started to read the book!
Very interesting!!!
Have you seen a prediction like the one I made?
http://www.forexfactory.com/showthre...41760&page=708
Don't think price could go straight to a point 300 pips away. There has got to be some strike-out movement or something... But as said, I don't know much!
  • #10,626
  • Jan 26, 2011 6:00am Jan 26, 2011 6:00am
both sonofin and i are looking at gu as shake out but we need a down move no on a test to prove that , with fomc looming i am not in any trades , however 15 min eu has no supply and than test.....thinking it may pop to 3850

gu the 1.5870 area is key ....seems to be testing that right now , and fomc will determine if we play out back into 1.6 / 1.62 or fail this test.

Quoting mrWolf
Yesterdays downmove on GU:A shake-out can be defined as is a sudden wide spread down, usually on bad news. It is engineered to
create panic selling, thus helping the transfer of stock back to the professional traders. This is usually seen
after a bull move has been running for some time. You would expect higher prices after this event. A true
selling climax looks the same as this shake-out does; the big difference is that on a selling climax you will
have a Bear Market behind you.

Any comment could this be it.
Blogging daily now at www.volume.zone
  • #10,627
  • Jan 26, 2011 6:06am Jan 26, 2011 6:06am
Quoting Plata
Great!
I found it, because I think you posted Jeremy's book earlier on! I saw a video were someone was making a prediction of future prices. I tried to make a prediction that way on the previous page in this thread.
Surely, there is more about it. I just started to read the book!
Very interesting!!!
Have you seen a prediction like the one I made?
http://www.forexfactory.com/showthre...41760&page=708
Don't think price could go straight to a point 300 pips away. There has got to be some strike-out movement or something... But as...
I made this prediction back at the start of January and it hit it around the 13th/14th.

http://www.forexfactory.com/showpost...stcount=267842
  • #10,628
  • Jan 26, 2011 6:30am Jan 26, 2011 6:30am
Quoting KinsaleForex
I made this prediction back at the start of January and it hit it around the 13th/14th.

http://www.forexfactory.com/showpost...stcount=267842
Did you use trendlines or some kind of box-count?
  • #10,629
  • Jan 26, 2011 6:55am Jan 26, 2011 6:55am
Quoting malcolmb14
both sonofin and i are looking at gu as shake out but we need a down move no on a test to prove that , with fomc looming i am not in any trades , however 15 min eu has no supply and than test.....thinking it may pop to 3850

gu the 1.5870 area is key ....seems to be testing that right now , and fomc will determine if we play out back into 1.6 / 1.62 or fail this test.
EU is utter tosh today
  • #10,630
  • Jan 26, 2011 7:18am Jan 26, 2011 7:18am
Quoting malcolmb14
both sonofin and i are looking at gu as shake out but we need a down move no on a test to prove that , with fomc looming i am not in any trades , however 15 min eu has no supply and than test.....thinking it may pop to 3850

gu the 1.5870 area is key ....seems to be testing that right now , and fomc will determine if we play out back into 1.6 / 1.62 or fail this test.
It seem to me that both EU and GU are being bought on dips,im long but ready to exit BE if they screw it with the news
  • #10,631
  • Jan 26, 2011 7:20am Jan 26, 2011 7:20am
Does this look weak to anyone else? UHV up bar with next bar down, ND, 2-bar UT as indicated. My issue is the down bar after the UVH bar looks like a test as well, but maybe a failed test as we've just broken the low.

Any thoughts?

EDIT: maybe not a 2-bar UT, but it seems at that point we have a reversal as volume decreases on up moves and increases on down moves
Attached Image (click to enlarge)
Click to Enlarge Name: EU M30 2011-01-26 at 8.17.07 AM.png Size: 56 KB
Change is the only constant
  • #10,632
  • Jan 26, 2011 7:35am Jan 26, 2011 7:35am
I know Malc said we might see a bust upwards but are we not seeing weakness on the EURUSD 15min? We had a low volume test of the trigger level followed by a downbar and we have a rounded top. I am sure my brokers volume is wacky so what I am seeing may not be quite right...

Also we are under the hull which has turned red and is starting to slope down, we are also under the PAL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
Today's zone = Tomorrow's opportunity!
  • #10,633
  • Jan 26, 2011 7:36am Jan 26, 2011 7:36am
Quoting pres78
I know Malc said we might see a bust upwards but are we not seeing weakness on the EURUSD 15min? We had a low volume test of the trigger level followed by a downbar and we have a rounded top. I am sure my brokers volume is wacky so what I am seeing may not be quite right...

Also we are under the hull which has turned red and is starting to slope down, we are also under the PAL.

just looking at the 30 min thru london and weakness is there for sure ...
Blogging daily now at www.volume.zone
  • #10,634
  • Jan 26, 2011 7:36am Jan 26, 2011 7:36am
Hey guys

Ive been doing some longer term analysis in aorder to trade with it.

For me i see gu 1.5880 is a key ressistance, if that holds we could see prices fall of to 1.5650. my reasons are the substastial top that is already in place.

Eu i see the 1.3700 level as important if that lasts we could easily see a 100 pip drop.

Just wanted to see what other people think about my analysis

Peace
  • #10,635
  • Jan 26, 2011 7:43am Jan 26, 2011 7:43am
Quoting malcolmb14
just looking at the 30 min thru london and weakness is there for sure ...
Thanks for the confirmation... Still learning to read the VSA signs especially the background.
Today's zone = Tomorrow's opportunity!
  • #10,636
  • Jan 26, 2011 7:59am Jan 26, 2011 7:59am
Quoting pres78
Thanks for the confirmation... Still learning to read the VSA signs especially the background.

thing is yesterday they did a shake out gu and eu ..... we have not dropped under those levels so for now i am still thinking up

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 56 KB
Blogging daily now at www.volume.zone
  • #10,637
  • Jan 26, 2011 8:02am Jan 26, 2011 8:02am
Quoting malcolmb14
thing is yesterday they did a shake out gu and eu ..... we have not dropped under those levels so for now i am still thinking up

Attachment
We need to get below the 3640-3610 zone before I start thinking short for anything longerterm... I was just happy that when I saw weakness in the background if even only temporary or for a SO it was correct.
Today's zone = Tomorrow's opportunity!
  • #10,638
  • Jan 26, 2011 8:22am Jan 26, 2011 8:22am
we seem to be getting some good volume now at 3660-70 area - which was solid resistance yesterday. Let's see if it's now solid support. Also the hourly chart is coming off on lowering volume, so we may be nearing a possible pop up? Not a very exciting today so far so something must be brewing.
Change is the only constant
  • #10,639
  • Jan 26, 2011 8:27am Jan 26, 2011 8:27am
what you currently see does not mean that much. be prepared to get shaken around big amounts on each side later when the fomc meets. until this meeting is done, i give my best to stay out of markets so stop sniffing won't happen to me.
  • #10,640
  • Jan 26, 2011 8:32am Jan 26, 2011 8:32am
Quoting Dr.Geppynius
what you currently see does not mean that much. be prepared to get shaken around big amounts on each side later when the fomc meets. until this meeting is done, i give my best to stay out of markets so stop sniffing won't happen to me.
true, but isn't background most important in these situations? We can presume wild moves starting at around 2:10PM Eastern today due to FOMC, but knowing what was happening before hand should help us be on the right side after those shakeouts, no?
Change is the only constant
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