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vsa with Malcolm

  • #11,101
  • Feb 1, 2011 9:55am Feb 1, 2011 9:55am
Quoting tgwhbb
stopping volume confirmed with an upbar. Hopefully it will come back down for a test so i can get in long
well, looks like i missed that one...
Change is the only constant
  • #11,102
  • Feb 1, 2011 9:57am Feb 1, 2011 9:57am
Quoting frankkn
The trend is up but there's some serious selling that just came in. This is Euro futures.

Thas could also be volume absorbing supply for a break of 3800, I would not be shorting.
  • #11,103
  • Feb 1, 2011 10:00am Feb 1, 2011 10:00am
Quoting tgwhbb
well, looks like i missed that one...
Me too I was patiently waiting but never got a pretty entry.
  • #11,104
  • Feb 1, 2011 10:03am Feb 1, 2011 10:03am
Quoting Sonofsin5
Thas could also be volume absorbing supply for a break of 3800, I would not be shorting.
Agreed this close to a pshyc level it could very well be absorbtion... Also last 5 min bar just closed as a NS...
Today's zone = Tomorrow's opportunity!
  • #11,105
  • Feb 1, 2011 10:13am Feb 1, 2011 10:13am
Quoting Sonofsin5
Thas could also be volume absorbing supply for a break of 3800, I would not be shorting.
I might tend to agree ... frankly and especially lately, the euro futures volume has been trickier to read that spot for some reason.

Separately, on GU, just realized that longstandring 1.615 TL in GU got rejected ... hmmm.... guess I'll take partial off the table ... then, Murphy's law says I will get the rest knocked out at BE, just before it heads right back up!
  • #11,106
  • Feb 1, 2011 10:19am Feb 1, 2011 10:19am
Quoting Sonofsin5
Thas could also be volume absorbing supply for a break of 3800, I would not be shorting.
Could be, I've not been shorting as the trend is up. I'll be looking for a test of the breakout.
  • #11,107
  • Feb 1, 2011 10:20am Feb 1, 2011 10:20am
Quoting Beljevina
especially lately, the euro futures volume has been trickier to read that spot for some reason.
I've noticed the same, could be my imagination though
  • #11,108
  • Feb 1, 2011 10:37am Feb 1, 2011 10:37am
Quoting frankkn
I've noticed the same, could be my imagination though
Not sure if it would help - but assuming you use a lower timeframe for entries - I have found tremendous value in a 4 minute chart - it points out buyers and sellers usually way better and may help with entries.

It works I believe because most direction-leaning selling and buying takes place in the very last minute(s) of a M5 and M15 bar, and the 4 minute does a better job of segregating out those tendencies.

And oh, I'd been shorting GU on the way up too ... thank goodness for non-NFA UK based brokers - I can be long and short! Wolf market I tell you! Seeing a ND on the 4M euro spot chart too, just below 1.38.
  • #11,109
  • Feb 1, 2011 10:50am Feb 1, 2011 10:50am
Quoting Beljevina
most direction-leaning selling and buying takes place in the very last minute(s) of a M5 and M15 bar, and the 4 minute does a better job of segregating out those tendencies..
Fucking brilliant
  • #11,110
  • Feb 1, 2011 10:53am Feb 1, 2011 10:53am
All of the 5min downbars are printing on lower volume than the upbars... Could we be in for another famous NY session (after London close) crawl up through 3800 and into 3835-3850 to complete the ADR for today?
Today's zone = Tomorrow's opportunity!
  • #11,111
  • Feb 1, 2011 10:57am Feb 1, 2011 10:57am
Hi Juhanimi & 1pipperhour,

Thanks for your feedback.

Quoting juhanimi
You did not close when price came to lower part of the channel and M5 had a NoSupply. Or atleast you should move your StopLoss to BreakEven at that point.
It seem I am just not quick enough for M5. I should stick with the higher timeframe.
It was just that I saw UpThrust on M15, and thought I could get in earlier entry on M5.

Well done on your string of 31 wins.


Quoting juhanimi
1 more to foxybunny.
If you take trade based on ND when you have seen weakness in background, like it was in this case, you can put your SL above that ND, not 50 pips away.
I just put SL above the UpThrust.
The SL above the ND feels too tight, but SL above ND would help to keep SL smaller.


Quoting 1pipperhour
I think that you must learn to cut your losses quickly and let your winners run not vice versa.
I don't let my SL run.
I usually do have a fixed SL, just not that small like 5-30pips, and not as quick as I would like.

I do let my profit run when I can, and this bigger run help to offset the other many losses.
I let the profit run for the recent long EUR/USD and long EUR/JPY for like over 1-2weeks for last 2 weeks.

Sometimes greed set in when not knowing when to exit after a few hundreds pips and it may go back to just one hundred pips or even zero.
  • #11,112
  • Feb 1, 2011 11:00am Feb 1, 2011 11:00am
Quoting pres78
All of the 5min downbars are printing on lower volume than the upbars... Could we be in for another famous NY session (after London close) crawl up through 3800 and into 3835-3850 to complete the ADR for today?
maybe but the M15 can't seem to close above 3790, and the M5 showing a ND followed by a small UT
Change is the only constant
  • #11,113
  • Feb 1, 2011 11:19am Feb 1, 2011 11:19am
Eur going for 3820 to 3830 stops ,
  • #11,114
  • Feb 1, 2011 11:19am Feb 1, 2011 11:19am
eu gonna get to 1.39 atleast or more
  • #11,115
  • Feb 1, 2011 11:23am Feb 1, 2011 11:23am
Quoting mrWolf
eu gonna get to 1.39 atleast or more
Next stop once that 61.8 fib is cleared (should stay above today) is 1.4... I think we may see a retest of that 61.8 fib at 3740 before going to far to see if it will now act as support.
Today's zone = Tomorrow's opportunity!
  • #11,116
  • Feb 1, 2011 11:29am Feb 1, 2011 11:29am
EU filled its range to the pip! what a horrible day, managed 16 measly pips from that move...quite disappointing. now have to wait for next long entry around 3770-3740 if the setup is right.
Change is the only constant
  • #11,117
  • Feb 1, 2011 11:50am Feb 1, 2011 11:50am
Quoting foxybunny
I don't let my SL run.
I usually do have a fixed SL, just not that small like 5-30pips, and not as quick as I would like.
Not stop loss but losing trades .

About sl I can say that you just have to pick trades where you can put small sl to the place where juhanimi said. Intel has also written about placing stop losses if I remember correctly. For me personally 50 is too much. I never take trades where I have to put sl that far. 20 to 25 is more for me.
  • #11,118
  • Feb 1, 2011 11:53am Feb 1, 2011 11:53am
Quoting tgwhbb
EU filled its range to the pip! what a horrible day, managed 16 measly pips from that move...quite disappointing. now have to wait for next long entry around 3770-3740 if the setup is right.
16 pips with 40 lots is huge amount of money
  • #11,119
  • Feb 1, 2011 12:10pm Feb 1, 2011 12:10pm
Quoting 1pipperhour
That resistance is too strong for options expiry
Oh no it's not
  • #11,120
  • Feb 1, 2011 12:24pm Feb 1, 2011 12:24pm
Quoting Intel
Oh no it's not
What was the time for the Options, I thought It was 16:00 GMT but it seems its not..
Greetings, BeLikewater
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