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vsa with Malcolm

  • #10,761
  • Jan 27, 2011 5:33am Jan 27, 2011 5:33am
Quoting Intel
Why arent you using the highest volume down bar as your 'prelim support'? That bar is the first to find support in that area.
Hi,

I look for swing points for support & as long as the volume are also relative high. In EU's case if you use the highest volume bar like what is usually advocated, then the test (the 1st test on my chart) will appears as a "Spring". But nonetheless the end result is the same, in this case of cause..

e.g.
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  • #10,762
  • Jan 27, 2011 7:44am Jan 27, 2011 7:44am
Well i missed the shakeout down to 3640 as i was sleeping but got in just now on a 5m NS as EU went back into yesterday's value area.

EDIT: Note the test of the wide spread up bar close right after the last push up. additional confirmation of strength IMO
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Change is the only constant
  • #10,763
  • Jan 27, 2011 7:52am Jan 27, 2011 7:52am
Quoting tgwhbb
Well i missed the shakeout down to 3640 as i was sleeping but got in just now on a 5m NS as EU went back into yesterday's value area.

EDIT: Note the test of the wide spread up bar close right after the last push up. additional confirmation of strength IMO
And now we face weekly R1 level at 3750... I was able to get in at 3675... Let's see how far demand will push after that bad US data release 20+ minutes ago.
Today's zone = Tomorrow's opportunity!
  • #10,764
  • Jan 27, 2011 7:58am Jan 27, 2011 7:58am
Quoting pres78
And now we face weekly R1 level at 3750... I was able to get in at 3675... Let's see how far demand will push after that bad US data release 20+ minutes ago.
yep, M5 five defintely showing selling with an UT, waiting to see if it gets confirmed. SL to BE+1
Change is the only constant
  • #10,765
  • Jan 27, 2011 8:16am Jan 27, 2011 8:16am
Quoting tgwhbb
yep, M5 five defintely showing selling with an UT, waiting to see if it gets confirmed. SL to BE+1
maybe just my nerves, but not the result i was expecting. closed for +11
Change is the only constant
  • #10,766
  • Jan 27, 2011 8:44am Jan 27, 2011 8:44am
Quoting tgwhbb
maybe just my nerves, but not the result i was expecting. closed for +11
ha! maybe, just maybe, i'm starting to get it right. not the best trade in the world but +11 is better than +1

Looking for a new long around the 1.3700 if the setup is right.
Change is the only constant
  • #10,767
  • Jan 27, 2011 9:33am Jan 27, 2011 9:33am
Pound long for all to see.
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  • #10,768
  • Jan 27, 2011 9:50am Jan 27, 2011 9:50am
Quoting Sonofsin5
Pound long for all to see.
I guess its back to yesterdays price action "wacked." stopped out.
  • #10,769
  • Jan 27, 2011 10:10am Jan 27, 2011 10:10am
Move EU, I want my 200
  • #10,770
  • Jan 27, 2011 10:36am Jan 27, 2011 10:36am
Quoting kave
The Wyckoff test....
Attachment
Nice, very detailed and clean!
  • #10,771
  • Jan 27, 2011 10:47am Jan 27, 2011 10:47am
Shorted this No Demand on Eddie earlier on today. Unfortunately I only got out towards the close of the bar i've marked "exit bar" as this looked like a shakeout / test. As i type this, it has just moved through the target price. If i had balls of steel I wouldn't have been stopped out and could've stayed in. But I don't so i made 1 pip (yay!)
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  • #10,772
  • Edited 2:21pm Jan 27, 2011 10:50am | Edited 2:21pm
Quoting Intel
... Through experience of trading these setups, I have found that if I move to BE too early, the retrace will very often stop me out by 1 or 2 pips (REALLY ANNOYING) but, it taught me where to look for the 2nd chance entry!!
High volume trigger numbers seem to be in fashion these days. It tested that area also.
Hi Intel, can i know now if you have a rule to follow for when to set SL to BE?

---> Thanks KinsaleForex for your post.

Quoting kave
The Wyckoff test....
http://www.forexfactory.com/attachme...hmentid=626947
Hi kave, can i know what does "AR" stands for?
  • #10,773
  • Jan 27, 2011 10:54am Jan 27, 2011 10:54am
A short I took on the break of the ND... 1:1 for 35 pips.
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Today's zone = Tomorrow's opportunity!
  • #10,774
  • Jan 27, 2011 10:55am Jan 27, 2011 10:55am
Quoting KinsaleForex
Shorted this No Demand on Eddie earlier on today. Unfortunately I only got out towards the close of the bar i've marked "exit bar" as this looked like a shakeout / test. As i type this, it has just moved through the target price. If i had balls of steel I wouldn't have been stopped out and could've stayed in. But I don't so i made 1 pip (yay!)
Well I think you have balls of steel. Taking trade against the trend.
  • #10,775
  • Jan 27, 2011 10:55am Jan 27, 2011 10:55am
Quoting Mtm
Hi Intel, can i know now if you have a rule to follow for when to set SL to BE?
He mentioned something like this on here the other day in response to something I asked I think.

If he's trading against the trend he sets his trade to 1:1 and leaves it. Once it hits profit, that's that.

If he's trading with the trend he moves his stop to BE once the trade reaches 1:1 and then lets it run and do it's thing.

Pretty sure that's what he said anyway.
  • #10,776
  • Jan 27, 2011 10:58am Jan 27, 2011 10:58am
Quoting 1pipperhour
Well I think you have balls of steel. Taking trade against the trend.
There are corrections within trends and it seemed like a valid set up to me.
  • #10,777
  • Jan 27, 2011 11:15am Jan 27, 2011 11:15am
Quoting tgwhbb
ha! maybe, just maybe, i'm starting to get it right. not the best trade in the world but +11 is better than +1

Looking for a new long around the 1.3700 if the setup is right.
back in the 3700 target area, waiting for a test now for a long. let's see if it plays out.
Change is the only constant
  • #10,778
  • Jan 27, 2011 11:23am Jan 27, 2011 11:23am
Was that last 1hr downbar a shakeout or just london profit taking... perhaps they just wanted a better price to load up some more longs???
Today's zone = Tomorrow's opportunity!
  • #10,779
  • Jan 27, 2011 11:29am Jan 27, 2011 11:29am
damn eu moves 700 pip and now he is bullish

I asked him question about monthly and weekly futures and up move in euro off 1.3 and he told me it is going lower .... even though the weekly did not say so ....

I guess his mind was brainwashed by all the bad news out there


Quoting mrWolf
Im just listening to Gavin online and his eu bullish but a possible pullback might take place
Blogging daily now at www.volume.zone
  • #10,780
  • Jan 27, 2011 11:33am Jan 27, 2011 11:33am
Quoting tgwhbb
back in the 3700 target area, waiting for a test now for a long. let's see if it plays out.
a bit late on the trade, but long at 3701. My eSignal feed shows that marked downbar as a NS - lowest vol 5M bar of the day. SL at 3686, just below the shakeout-type bar.

if this one gets stopped out too, i'm calling it a day. I tried a long before but was too aggressive and didn't wait for the down trend to stop making lower lows.
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Change is the only constant
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