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vsa with Malcolm

  • #10,821
  • Jan 28, 2011 4:46am Jan 28, 2011 4:46am
Quoting pres78
It may have been a choppy week but every day we have made higher highs since last Thursday and have had upbars everyday since the 18th with the 17th being the only downbar since we started moving up on the 10th. I personally still only see strength and do not see any sure signs that this move is done. Today we should finally see a close up over that 61.8 fib at 3744 which is also Weekly R1 level opening us up to take on 3800, 3870 and then not much until 3950 and after that 4100-4160 zone.

For me to change to long term short I would want to...
Interesting point of view. What do you see in GU ?
  • #10,822
  • Jan 28, 2011 5:13am Jan 28, 2011 5:13am
this is a misconception in thinking. see the course which price made and not the value in numbers to say higher highs, we are interested in relative values. tilt the picture to the right so that the channel is horizontal and see that the move indeed becomes weak. in the beginning it was respecting the steep trendchannel and pushed to its boundaries to come back. we also seem to fall though the demand line.

careful since we might see a correction.

http://img196.imageshack.us/img196/4...0128120322.png

Quoting pres78
It may have been a choppy week but every day we have made higher highs since last Thursday and have had upbars everyday since the 18th with the 17th being the only downbar since we started moving up on the 10th. I personally still only see strength and do not see any sure signs that this move is done. Today we should finally see a close up over that 61.8 fib at 3744 which is also Weekly R1 level opening us up to take on 3800, 3870 and then not much until 3950 and after that 4100-4160 zone.

For me to change to long term short I would want to...
  • #10,823
  • Jan 28, 2011 5:33am Jan 28, 2011 5:33am
Quoting Dr.Geppynius
this is a misconception in thinking. see the course which price made and not the value in numbers to say higher highs, we are interested in relative values. tilt the picture to the right so that the channel is horizontal and see that the move indeed becomes weak. in the beginning it was respecting the steep trendchannel and pushed to its boundaries to come back. we also seem to fall though the demand line.

careful since we might see a correction.


I full agree that a correction is well over due and needed in fact to keep up an extended move like this... I am just not sure that long term this move up is done. We definately could see failure to break the 61.8 fib and a correction back to the 50 fib at 3580 to gather some steam. A close below that fib on daily and well all bets are off and I will have to reconsider my longer term perspective. Right now those two levels are key for me... 3580 for the bears and 3745 for the bulls. IMHO.
Today's zone = Tomorrow's opportunity!
  • #10,824
  • Jan 28, 2011 5:36am Jan 28, 2011 5:36am
Quoting amletit
Interesting point of view. What do you see in GU ?
I have had a harder time with this pair (simply because I haven't spent as much time trading or looking at it)... so I can't give any kind of honest opinion at the moment.
Today's zone = Tomorrow's opportunity!
  • #10,825
  • Jan 28, 2011 5:55am Jan 28, 2011 5:55am
Quoting duyk20
Anyone could recommend me a broker's demo acc that has reliable volume data feed, similar to esignal, please

Heard someone say Citibank, currently, I'm using Go Market though.
Thank a million times

I am using The Collective FX and is good.
  • #10,826
  • Jan 28, 2011 6:02am Jan 28, 2011 6:02am
Quoting Dr.Geppynius
you can also make money by knowing when not to be in the market.
on 2hr we see fugly inside-out pa. bars closing outside of the previous bar, then back in..over and over. sometimes those otc option players get on my nerves.
Wait after the news come out.
  • #10,827
  • Jan 28, 2011 6:28am Jan 28, 2011 6:28am
Now is this a response to that shake out high volume down bar a few days ago on GU or what
  • #10,828
  • Jan 28, 2011 6:34am Jan 28, 2011 6:34am
My thoughts on Eddie, inspired by something I saw in a VSA vid. I think with Philip Friston; (screenshot from yesterday evening)

On the chart i've marked five points, A, B, C, D and E. We'll look at each of these in turn. We're going to be looking at the high points of the chart as it is trending up.

A - At point A it has moved past the halfway point of the trend channel and nearly three quarters of the way to the upper part of the trend. In fact it has upthrusted to this area.


B/C - At points B and C the chart reaches the half way point of the trend and reaches no higher.


D - This is where my attention was drawn to the video I watched previously. The chart barely makes it past the first quarter of the trend channel before retracing back to the support line.


E - Point E happened over the course of yesterday. The chart didn't make it past the first quarter of the trend in fact finding resistance at 1.3760.

With this happening as we move up the trend we're slowly getting a mushrooming over of the chart and I think that before long we could start seeing a down move on Eddie. Of course this could be negated if we break out of the first quarter of the trend channel.

My two cents anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: Eddie 1hr 13th - 27th January.png Size: 101 KB
  • #10,829
  • Jan 28, 2011 6:58am Jan 28, 2011 6:58am
Quoting Intel
LOL

las isn't just 'some guy'. He's a top VSAer/wyckoffian. You've done well to recognise his posts as being relevant.

Have you got the wyckoff books and courses?
Oh, pardon my use of grammar. Yes, las is not "some guy". His post do sets people like me thinking out of the box for a start. I am appreciative.

As for books & courses, I have seen the selective part of the Best & Wyckoff rediscovered but i have not seen any one besides las so far, applying it in forex like he did. Kindly advise if there are any interesting resource also.

tks
  • #10,830
  • Jan 28, 2011 7:04am Jan 28, 2011 7:04am
Quoting duyk20
Anyone could recommend me a broker's demo acc that has reliable volume data feed, similar to esignal, please

Heard someone say Citibank, currently, I'm using Go Market though.
Thank a million times
Netdania has good volumes, no installation of software, just Java on browser.
  • #10,831
  • Jan 28, 2011 7:06am Jan 28, 2011 7:06am
Dr.Geppynius, what information source do you use to see option expiration and specially the Price-levels?
  • #10,832
  • Jan 28, 2011 7:07am Jan 28, 2011 7:07am
Quoting Dr.Geppynius
have fun with this chop if you feel the need to be in there.
options barrier fight going on this week.
Where I can get that information on the options barriers?

Thx
Greetings, BeLikewater
  • #10,833
  • Jan 28, 2011 7:24am Jan 28, 2011 7:24am
I'd be short right now if it wasn't for GDP
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 28th Jan.png Size: 78 KB
  • #10,834
  • Jan 28, 2011 7:30am Jan 28, 2011 7:30am
Quoting KinsaleForex
I'd be short right now if it wasn't for GDP
I have been watching same setup from M30 and possible take that if it breaks the low of that ND, but it is friday and I had a good week (no losses), so probably not taking this.

Anyways, have a good and relaxing weekend everybody.
  • #10,835
  • Jan 28, 2011 7:39am Jan 28, 2011 7:39am
i've started using Auction Market Theory (AMT) along with VSA and find it to be very powerful so far. In the first chart i've boxed in yesterday's value area for the LO/NY session (big box) and the asia session (small box).

What we can see so far today is that the Asia value area is building around the same area as yesterday, and the LO/NY value area is building slightly lower than yesterday. Plus the attempt to push up through yesterday's LO value area was rejected right at yesterday's balance point.

The 2nd chart shows the value areas on a H4 chart. We can see clear progression of value moving up, but we also see the H4 hull turning red, a top that looks like its rolling over, and a H4 no demand like upthrust closing below the red hull. But most importantly the last value area around 1.3460 has not yet been tested, so EU will very likely have to go back there at some point, or somewhere in that value area roughly 3410-3500.

The 15M chart has shown 2 ND in the boxed in area now as well. All in all, i'd be very careful today. I just closed one off 3700 at the break of the nd on the 15m at 3721.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU M30 2011-01-28 at 8.14.21 AM.png Size: 72 KB
Click to Enlarge Name: EU H4 2011-01-28 at 8.27.50 AM.png Size: 58 KB
Change is the only constant
  • #10,836
  • Jan 28, 2011 7:54am Jan 28, 2011 7:54am
Really does look like distribution now. Let's see.
  • #10,837
  • Jan 28, 2011 8:11am Jan 28, 2011 8:11am
careful, not that much of a nd.

cable & eu are no good spots till this mess is over imho.

Quoting KinsaleForex
I'd be short right now if it wasn't for GDP
  • #10,838
  • Jan 28, 2011 8:14am Jan 28, 2011 8:14am
Quoting Dr.Geppynius
careful, not that much of a nd.

cable & eu are no good spots till this mess is over imho.
I didn't short it because of the GDP announcement. But why not no demand? Volume not low enough?
  • #10,839
  • Jan 28, 2011 8:14am Jan 28, 2011 8:14am
you won't find a list of otc option expiry. it is traders chatter

Quoting BeLikeWater
Where I can get that information on the options barriers?

Thx
  • #10,840
  • Jan 28, 2011 8:18am Jan 28, 2011 8:18am
Sellers are getting absorbed BUT we are seeing no where near stopping volume, so the interest appears to not be there. Gotta be aware that 1.374/5 nut has not really cracked. Was thinking the monthly print was going to mean something until I realized there's one more day to keep us hanging!

Can't believe all we've been treated to is a 60 pip range today!!! That's distribution to me! I believe Kinsale posted a 30M ND from TG earlier - at least 3 are visible on a H1 chart, as we seem to run out of steam towards the top here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-28_091530.png Size: 23 KB
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