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vsa with Malcolm

  • #11,041
  • Jan 31, 2011 11:05am Jan 31, 2011 11:05am
Quoting mrWolf
seems dr g was right
Yes, he does that.
  • #11,042
  • Jan 31, 2011 12:00pm Jan 31, 2011 12:00pm
Quite the day today on EU...

I'm curious about people's thoughts...it currently looks like Friday was a decent shakeout - thanks in no part to the news from Egypt. Yet EU failed again today at 3740 with a fairly high UT on the hourly/2h. I'm thinking we need to test 3600-3625 area again, which is where the UHV volume on the down move came in on Friday. Reaction there should reveal if Friday's move was genuine or a shakeout.

Thoughts?
Change is the only constant
  • #11,043
  • Jan 31, 2011 1:01pm Jan 31, 2011 1:01pm
- Price made less progress during the last days (shortening of thrust)
- failed to reach the 155 Fib on the daily chart (yellow)
- price has difficulties to penetrate resistance (blue)
- trend line did not hold

=> Trendchange?

Seems like fridays long down candle hit all left long stops that had been pulled tight and was not the initiation of a down trend.

Today the path of least resistance was clearly up and it met very very few resistance.

My downtrend scenario is obsolete!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 100 KB
  • #11,044
  • Jan 31, 2011 1:31pm Jan 31, 2011 1:31pm
Can anyone post a definition of ,no supply,
  • #11,045
  • Jan 31, 2011 1:43pm Jan 31, 2011 1:43pm
Quoting 1pipperhour
Don't like your idea. If on H4 mushroom really is forming then it should go up on some point and lock in friday's shorters. But 300 or even 450 like you say is total reversal. Who will give up all that money? Not market makers. So back up is my hope and slowly cooking shorters out and then down.
Well. Mushroom sauce to anyone? It's cheap at the moment.
  • #11,046
  • Jan 31, 2011 3:09pm Jan 31, 2011 3:09pm
pretty likely that we trade above 3800 10am est tomorrow since we have 500mm options expiry with that strike price.
the downside is 3500 with also 500mm. now pick your side
  • #11,047
  • Jan 31, 2011 3:21pm Jan 31, 2011 3:21pm
Quoting Dr.Geppynius
pretty likely that we trade above 3800 10am est tomorrow since we have 500mm options expiry with that strike price.
the downside is 3500 with also 500mm. now pick your side
And are you already in an existing long (or short) or will you look to enter at a particular area?
Today's zone = Tomorrow's opportunity!
  • #11,048
  • Jan 31, 2011 3:55pm Jan 31, 2011 3:55pm
Did anyone else get a spike like this at 21:35 GMT? This is eSignal feed. My broker feed is quite different and has no spike at all.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 01-31.png Size: 33 KB
Change is the only constant
  • #11,049
  • Jan 31, 2011 3:58pm Jan 31, 2011 3:58pm
Quoting mrWolf
Can anyone post a definition of ,no supply,

Dont have any pictures to hand but from what ive read a no supply is a bearish narrow range candle that has lower volume than the last 2 candles and ideally pushes lower than the last candle but closes in its top half. If there is strength in the back ground then trading the break of this candle within the next 2 bars is a good entry. If the candle isnt broken within the next 2 bars then the test has failed and we should wait for another signal. But if anyone knows better please correct me.
  • #11,050
  • Jan 31, 2011 4:23pm Jan 31, 2011 4:23pm
no, i will look for trades during london session and will post the levels. i am currently only holding a few cars of es which i bought at 1276.

like mentioned before, with nfp friday and also decent exotic eur options expiry almost everyday, we might see some good volatility.

Quoting pres78
And are you already in an existing long (or short) or will you look to enter at a particular area?
  • #11,051
  • Jan 31, 2011 4:24pm Jan 31, 2011 4:24pm
Quoting Dr.Geppynius
no, i will look for trades during london session and will post the levels. i am currently only holding a few cars of es which i bought at 1276.

like mentioned before, with nfp friday and also decent exotic eur options expiry almost everyday, we might see some good volatility.
After last week some volatility is just what the Dr. ordered... (pardon the Dr. reference )
Today's zone = Tomorrow's opportunity!
  • #11,052
  • Jan 31, 2011 4:30pm Jan 31, 2011 4:30pm
Quoting Dr.Geppynius
pretty likely that we trade above 3800 10am est tomorrow since we have 500mm options expiry with that strike price.
the downside is 3500 with also 500mm. now pick your side
Ill be taking the 3800 side, although shockers are what this market seems to be fueled by at the moment. To be honest I wouldn't be surprised to see 3000 or 4000.

I am liking a long of eurchf, Ill post a chart when I get back to the trading desk.
  • #11,053
  • Jan 31, 2011 5:55pm Jan 31, 2011 5:55pm
Quoting Sonofsin5
Ill be taking the 3800 side, although shockers are what this market seems to be fueled by at the moment. To be honest I wouldn't be surprised to see 3000 or 4000.

I am liking a long of eurchf, Ill post a chart when I get back to the trading desk.
Heres my chart
Attached Image (click to enlarge)
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  • #11,054
  • Jan 31, 2011 6:55pm Jan 31, 2011 6:55pm
Short on the break of a ND following weakness at supply

Edit:

I want to note that the volume in the chart is /6e volume. I usually use IBFX, who's volume isn't less than the previous two, so I'm going out of my comfort zone a little on this one.
Attached Image(s) (click to enlarge)
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  • #11,055
  • Jan 31, 2011 9:01pm Jan 31, 2011 9:01pm
hello everybody

does Jforex's JAVA platform is the most like with esignal feed broker?
  • #11,056
  • Jan 31, 2011 10:38pm Jan 31, 2011 10:38pm
Quoting KinsaleForex
http://www.forexfactory.com/showpost...postcount=9239
Spoke with a sales rep from Esignal today. The price I was quoted was indeed $104.00-That's 50$ for the GTIS data and $54.00 for the basic package. It's not on the website, you have to speak with a sales rep for it.

I told the rep I had software for charting so I am not sure what you get for $54.00 in terms of charting (most likely nothing).
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #11,057
  • Feb 1, 2011 1:36am Feb 1, 2011 1:36am
GU

Monday daily was with low volume, so what we think about that?
No sellers left or SM is not intrested higher prices?
  • #11,058
  • Feb 1, 2011 2:01am Feb 1, 2011 2:01am
Quoting juhanimi
GU

Monday daily was with low volume, so what we think about that?
No sellers left or SM is not intrested higher prices?


How you see that volume is "Low" on GU Monday Daily volume ??

Coz my daily volume has Mon volume to be above average, just a bit lower than Fri volume.
  • #11,059
  • Feb 1, 2011 2:08am Feb 1, 2011 2:08am
Quoting foxybunny
How you see that volume is "Low" on GU Monday Daily volume ??

Coz my daily volume has Mon volume to be above average, just a bit lower than Fri volume.
Free charts, Java.
http://www.netdania.com/Products/liv...anceChart.aspx
  • #11,060
  • Feb 1, 2011 2:27am Feb 1, 2011 2:27am
Quoting juhanimi
Free charts, Java.
http://www.netdania.com/Products/liv...anceChart.aspx

Hmmm, just tried netdania.
Netdania's volume very different to what I am using Alpari Demo.
For GBP/USD the Netdania show a low from Mon to last Thu, but not below average.
For Alpari, the daily vol on GBP/USD shows above average, not a significant drop from last Thu and Fri.

For Netdania, when typing in GBP/USD, there were 2 instruments,
the GBP/USD - Netdania have volume,
and the other one, GBP/USD - Morning Star does not display volume

Is this the same for you where it does not display volume for MorningStar ?
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