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vsa with Malcolm

  • #11,401
  • Feb 4, 2011 9:49am Feb 4, 2011 9:49am
Quoting foxybunny
EU, after NFP, waiting to see if there is support around 1.3540 , testing the low of the 24-Jan wide range up bar on H4.

Perhaps after NFP now quiet, and wait till next week to enter.


AND Thanks to All for the replies on the iPhone Charts.

You wait for the announcement in Egypts, this day has only begun.
  • #11,402
  • Feb 4, 2011 9:50am Feb 4, 2011 9:50am
Quoting Scrat
off topic again...
if you guys pull out a naked weekly chart, it doesn't look at all like a new rally is cooking. comes close to a gravestone doji... on top of a rally. i know the week hasn't come to a close yet but it's just 6 hours left.
my take is we will see 1.3320 first before a new significant move either up or down.
I have to agree. But we should see some good resistance around 3450 area first. Unless EU completely reverses and erases much of yesterday's drop, next week should be starting off down IMO.
Change is the only constant
  • #11,403
  • Feb 4, 2011 9:50am Feb 4, 2011 9:50am
Quoting Scrat
off topic again...
if you guys pull out a naked weekly chart, it doesn't look at all like a new rally is cooking. comes close to a gravestone doji... on top of a rally. i know the week hasn't come to a close yet but it's just 6 hours left.
my take is we will see 1.3320 first before a new significant move either up or down.
Could be. But we have higher close left not so far away. Then this doji can be a first sign of reversal on weekly basis.
  • #11,404
  • Feb 4, 2011 9:51am Feb 4, 2011 9:51am
Quoting Scrat
off topic again...
if you guys pull out a naked weekly chart, it doesn't look at all like a new rally is cooking. comes close to a gravestone doji... on top of a rally. i know the week hasn't come to a close yet but it's just 6 hours left.
my take is we will see 1.3320 first before a new significant move either up or down.
IMHO if we don't bounce back up and keep daily closes above the 3367 level then we could go as low as 3140... if 3060 gets broken then a full retrace it is. 3367 is 50 fib retrace of the move up and is just 44 pips below the original downmove from 4279's 38.2 fib (or 61.8 depending on how you draw your fibs)... Next week should be very interesting.
Today's zone = Tomorrow's opportunity!
  • #11,405
  • Feb 4, 2011 9:54am Feb 4, 2011 9:54am
Quoting Sonofsin5
You wait for the announcement in Egypts, this day has only begun.
I was thinking this too. I won't be closing book until my broker closes.
  • #11,406
  • Feb 4, 2011 9:55am Feb 4, 2011 9:55am
the real level is here @ 1.3556. if we don't see a bounce here - and so far there isn't one, then most probably it will turn into resistance and it'll be a good shorting place.
but again... this is off topic as it's not based on vsa.

Quoting tgwhbb
I have to agree. But we should see some good resistance around 3450 area first. Unless EU completely reverses and erases much of yesterday's drop, next week should be starting off down IMO.
Nihil Sine Deo.
  • #11,407
  • Feb 4, 2011 9:57am Feb 4, 2011 9:57am
Quoting tgwhbb
I have to agree. But we should see some good resistance around 3450 area first. Unless EU completely reverses and erases much of yesterday's drop, next week should be starting off down IMO.
Personally for bulls sake a bounce at 3483 would be lovely as it would be a nice 61.8 (or 38.2) retrace on the upmove... Those are nice to trade and are an intrigal part of any move up (or down)...
Today's zone = Tomorrow's opportunity!
  • #11,408
  • Feb 4, 2011 10:09am Feb 4, 2011 10:09am
Went long on USD/CAD made 27 pips / 3% of my account. 5.1% increase in total for the week. That's me done for the week. Enjoy the weekend everyone
  • #11,409
  • Feb 4, 2011 10:58am Feb 4, 2011 10:58am
eu check your 60 min charts... today is a squat day closing JUST 30 pip under yesterdays lows with MASSIVE volumes...

I am looking for buys above 1.3610 and target 1.4 next week
Blogging daily now at www.volume.zone
  • #11,410
  • Feb 4, 2011 12:28pm Feb 4, 2011 12:28pm
Quoting malcolmb14
eu check your 60 min charts... today is a squat day closing JUST 30 pip under yesterdays lows with MASSIVE volumes...

I am looking for buys above 1.3610 and target 1.4 next week
Your post got me thinking and I took a look at the bigger picture on the daily. We are back at this same S/D zone that we have seen so many time before. If we close above this zone on this massive volume it does indicate some big demand is holding this up. If the massive volume was supply we would have moved further into this zone closing on the low in preparation to blow through it next week.

We are actually stuck in between the supply demand zone that we are right above and a S/D conjestion area above so I can certainly understand the movement we have seen over the last few days. The close today and then Monday's candle will hopefully shed some light on where we are going. I thought we might see a little more retrace into the 3483 level but looking now at where today appears it will close I am no longer sure...
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #11,411
  • Feb 4, 2011 12:40pm Feb 4, 2011 12:40pm


great..congratulation!!!

Quoting KinsaleForex
Went long on USD/CAD made 27 pips / 3% of my account. 5.1% increase in total for the week. That's me done for the week. Enjoy the weekend everyone
  • #11,412
  • Feb 4, 2011 1:14pm Feb 4, 2011 1:14pm
Looking bullish for next week. This is a 30m EU, the trigger is from 1h. Will we close above it today?
Attached Image (click to enlarge)
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  • #11,413
  • Feb 4, 2011 4:21pm Feb 4, 2011 4:21pm
Quoting pres78
Your post got me thinking and I took a look at the bigger picture on the daily. We are back at this same S/D zone that we have seen so many time before. If we close above this zone on this massive volume it does indicate some big demand is holding this up. If the massive volume was supply we would have moved further into this zone closing on the low in preparation to blow through it next week.

We are actually stuck in between the supply demand zone that we are right above and a S/D conjestion area above so I can certainly understand the movement...
So this week EU made a higher weekly high and on my broker I have the same weekly low as last week to within 1 pip... This to me alone makes this level at 3540 (close) and 3550 (not one single 1hr or 4hr candle closed below) very important to the bulls and a possibly nice area to watch for a SO or test in this area giving a long trigger. The other area as Malc pointed out is back above Thursday's low at 3610...
Today's zone = Tomorrow's opportunity!
  • #11,414
  • Feb 4, 2011 4:26pm Feb 4, 2011 4:26pm
Quoting Steve Gill
My 0.02 worth - I think it is worth focussing on ES, or a forex pair alone. That way newbies reading the thread from start to finish will get a greater understanding of the pair, as we all recognise getting to know focussing on a particular pair like GU or EU and getting to know it inside out is a really good way to remain focussed.

Perhaps start a new thread per pair? Malc's EU thread, Malc's GU thread etc.

Don't shoot me, its just my opinion

Quoting malcolmb14
lets do GU then with a few daily stocks thrown in for fun .
Apologies for being absent over the last 6 months - one of my business partners wanted out so we had to buy their share of the business. Kept me busy and out of the markets!

Back now and judging by the popularity of this thread looks like things are going from strength to strength Good to see that you're still focussing mostly on a single pair (EURUSD) which makes life easier for newbies to follow.

Hopefully I can contribute something useful going forward.
Blogging daily now at www.volume.zone
  • #11,415
  • Feb 4, 2011 4:34pm Feb 4, 2011 4:34pm
I was wondering about the EU bias. There's my answer

Welcome back!
  • #11,416
  • Feb 4, 2011 9:41pm Feb 4, 2011 9:41pm
I am not as optimistic as Malc view of targeting up to 1.4000 after having a look on those huge engulfing bars on Daily & weekly.

Anyway...my scenario for EU with Wyckoff bias analysis.

I am targeting 1.3760 & after seeing strong preliminary demand on 2 down move tested on X & Y levels as indicated. Expecting a shakeout on Y to spring price back up to Target level eventually. From here on We could see a wider H&S pattern which form the basis of the 1st secondary test on Wyckoff wave. We could be heading for further distribution...

Attached Image (click to enlarge)
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  • #11,417
  • Feb 4, 2011 10:24pm Feb 4, 2011 10:24pm
Quoting malcolmb14
eu check your 60 min charts... today is a squat day closing JUST 30 pip under yesterdays lows with MASSIVE volumes...

I am looking for buys above 1.3610 and target 1.4 next week
I somewhat agree..

need to see on Sunday what they do what kinda gap there is?
Markets are not Random, they are designed!
  • #11,418
  • Feb 5, 2011 1:36am Feb 5, 2011 1:36am
Quoting Raza
I somewhat agree..

need to see on Sunday what they do what kinda gap there is?
Would you mind tell me how does gap affect your judgment?
For example, big, small up-gap, big small down-gap
Thank you!
  • #11,419
  • Feb 5, 2011 4:54am Feb 5, 2011 4:54am
HI
I´m looking at the Tradedguider software...
I have other software, and get my Data through MT4(my trading platform), with an indicator that downloads ASCII data to my Hard drive automatically...
Does Tradeguider have a Data reading capability (like Metastock and most of them)?
I don´t like e-signal and CO..!
Thanks in advance..
  • #11,420
  • Feb 5, 2011 8:35am Feb 5, 2011 8:35am
warum magst du kein esignal?

tg kann metastock files einlesen, ich bin aber kein großer fan bzgl. der charting funktionalität.

Quoting cuchuflito
HI
I´m looking at the Tradedguider software...
I have other software, and get my Data through MT4(my trading platform), with an indicator that downloads ASCII data to my Hard drive automatically...
Does Tradeguider have a Data reading capability (like Metastock and most of them)?
I don´t like e-signal and CO..!
Thanks in advance..
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