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vsa with Malcolm

  • #11,481
  • Feb 6, 2011 5:33pm Feb 6, 2011 5:33pm
Quoting supremeChaos
orders/volume is the driver behind price action
Making notes as I go.... I'm sure to have some questions once I'm finished.
  • #11,482
  • Feb 6, 2011 5:47pm Feb 6, 2011 5:47pm
why you think i said oil chart is sexy ....could be another easy 250 to 400 pip

Quoting hutrader
To me that looks like a wide spread down close to it's low. Or am I wrong?
Blogging daily now at www.volume.zone
  • #11,483
  • Feb 6, 2011 5:56pm Feb 6, 2011 5:56pm
we have to remember these three bars noted in the charts have not suddenly vanished...

I am looking forward to a weekly test to be honest . I have a plan that enters me on all dips with max 120 pip stop if i see this. I think eu heads to 1.5 , and by time we will get there I will be in a 80 to 120 lot position

I did something similar to this on the move form 1.3030 , added in three places.

1.3300 is key for me to believe the weekly has failed

In the mean time I am back to us session only trade till the weekly shows me that test

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Blogging daily now at www.volume.zone
  • #11,484
  • Feb 6, 2011 6:07pm Feb 6, 2011 6:07pm
sold usdchf 0.9550 , stop 1.9600 , tp 100 , check 60 min chart
Blogging daily now at www.volume.zone
  • #11,485
  • Feb 6, 2011 6:42pm Feb 6, 2011 6:42pm
Quoting malcolmb14
sold usdchf 0.9550 , stop 1.9600 , tp 100 , check 60 min chart
I presume that stop should read 0.9600
  • #11,486
  • Feb 6, 2011 7:17pm Feb 6, 2011 7:17pm
Quoting malcolmb14
sold usdchf 0.9550 , stop 1.9600 , tp 100 , check 60 min chart
Hi malc, long time no see huh.. well, i believe swissy will have some retracement, but regarding the usd, i think we will have strong rebound or maybe a change of trend in the next few weeks. I believe the swissy will retrace to about 0.9500 area only and due to upward pressure from swissy, I think fiber will have a massive movement downtrend together with the aussie and kiwi. IMHO.

Nice seeing you again bro..
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  • #11,487
  • Feb 6, 2011 7:23pm Feb 6, 2011 7:23pm
Above friday's 1h trigger, looking for NS/test
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  • #11,488
  • Feb 6, 2011 7:31pm Feb 6, 2011 7:31pm
Quoting frankkn
Above friday's 1h trigger, looking for NS/test
5M not looking very promising EORM type bar and ND as well. Time to see if 3582 will hold.
Change is the only constant
  • #11,489
  • Feb 6, 2011 7:46pm Feb 6, 2011 7:46pm
I've been watching the Volume indicator on my Range Bar Chart so far this morning trying to get a feel for what it might be telling me.

Could some one please explain something to me.

Increased Volume evident at a 1.3600 level on EU indicate selling or buying volume?

If the two previous bullish bars are decreasing in volume and the current open bar is the highest volume bar for the day so far.
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  • #11,490
  • Feb 6, 2011 7:58pm Feb 6, 2011 7:58pm
Quoting Musashi
I've been watching the Volume indicator on my Range Bar Chart so far this morning trying to get a feel for what it might be telling me.

Could some one please explain something to me.

Increased Volume evident at a 1.3600 level on EU indicate selling or buying volume?

If the two previous bullish bars are decreasing in volume and the current open bar is the highest volume bar for the day so far.
Personally I think eu will retrace back up but limited to 1.3720. Well not that expert at VSA as Malc, but if you see 4h candle pattern, the spinning candle tells us that there will be an upward pressure before we could see new selling pressure at about 3680-3720 range.. IMHO.
  • #11,491
  • Feb 6, 2011 8:11pm Feb 6, 2011 8:11pm
I'm still curious to know the implications of such high volume bars relative to the previous bars

Especially since the bars are taking place at such a key level.

Smart money buying or selling...??

Well I got my money taken away by the market...
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  • #11,492
  • Feb 6, 2011 8:12pm Feb 6, 2011 8:12pm
to be honest 2011 is year of usd weakness according to monthly charts from last 9 months , think we been in this 1.2600 to 1.3 area for so long due to euro going down ?

Quoting A-speculator
Hi malc, long time no see huh.. well, i believe swissy will have some retracement, but regarding the usd, i think we will have strong rebound or maybe a change of trend in the next few weeks. I believe the swissy will retrace to about 0.9500 area only and due to upward pressure from swissy, I think fiber will have a massive movement downtrend together with the aussie and kiwi. IMHO.

Nice seeing you again bro..
Blogging daily now at www.volume.zone
  • #11,493
  • Feb 6, 2011 8:16pm Feb 6, 2011 8:16pm
Quoting Musashi
I've been watching the Volume indicator on my Range Bar Chart so far this morning trying to get a feel for what it might be telling me.

Could some one please explain something to me.

Increased Volume evident at a 1.3600 level on EU indicate selling or buying volume?

If the two previous bullish bars are decreasing in volume and the current open bar is the highest volume bar for the day so far.
The Upthrust to the left with the Price moving downwards is supply , and when you see a High volume upbar testing the same area again- You really have to wait for the next couple of bars to see if they are just trying to absorb the supply to the left .

Normally, You would see NS bars , with the Price then moving up ( confirming sellers have been removed .) as I suspect is happening now.

Always trying checking higher timeframes too . Sometimes you will get a better picture ex. am sure, if you checked the 30TF , You wouldn't open the sell order ..
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  • #11,494
  • Feb 6, 2011 8:19pm Feb 6, 2011 8:19pm
Quoting malcolmb14
to be honest 2011 is year of usd weakness according to monthly charts from last 9 months , think we been in this 1.2600 to 1.3 area for so long due to euro going down ?
Euro is not the problem malc, but based on swissy and usdjpy, I think the usd have some room to move upward. Furthermore, i think usd has already found its bottom. Frankly I think, all pairs will move up this year but by sequence.. perhaps this week, we will see the swissy move up and fiber go down, but overall i think every chart will go up. Just my 2 cents malc..
  • #11,495
  • Feb 6, 2011 8:23pm Feb 6, 2011 8:23pm
Quoting taomql4
The Upthrust to the left with the Price moving downwards is supply , and when you see a High volume upbar testing the same area again- You really have to wait for the next couple of bars to see if they are just trying to absorb the supply to the left .

Normally, You would see NS bars , with the Price then moving up ( confirming sellers have been removed .) as I suspect is happening now.

Always trying checking higher timeframes too . Sometimes you will get a better picture ex. am sure, if you checked the 30TF , You wouldn't open the sell order...
Maybe selling here is not that dumb an idea... check the previous range period on the chart prior to the NFP news. Significant consolidation there.

Of course some sort of confirmed resistance here will be necessary.
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  • #11,496
  • Feb 6, 2011 8:25pm Feb 6, 2011 8:25pm
Quoting A-speculator
Euro is not the problem malc, but based on swissy and usdjpy, I think the usd have some room to move upward. Furthermore, i think usd has already found its bottom. Frankly I think, all pairs will move up this year but by sequence.. perhaps this week, we will see the swissy move up and fiber go down, but overall i think every chart will go up. Just my 2 cents malc..
I would love to buy back fiber if i see weakness (ranging price) at about 3220 area.. Hopefully, it will gets there in the next coming weeks.
  • #11,497
  • Feb 6, 2011 8:30pm Feb 6, 2011 8:30pm
Quoting Musashi
Maybe selling here is not that dumb an idea... check the previous range period on the chart prior to the NFP news. Significant consolidation there.

Of course some sort of confirmed resistance here will be necessary.
That's why I love trading..

Lets wait and see , how they react to that area--

Are they going to push through it or will they test it..

Lets Watch..Remember I have the luxury to watch, my open buy is well below the price now, so I can react accordlingly..
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  • #11,498
  • Feb 6, 2011 8:31pm Feb 6, 2011 8:31pm
Quoting Musashi
Maybe selling here is not that dumb an idea... check the previous range period on the chart prior to the NFP news. Significant consolidation there.

Of course some sort of confirmed resistance here will be necessary.
yups, it's not a bad place indeed, but bare in mind that if you take that price, you have to expect drawdown up to 3720 area. If you don't mind that, well i guess it's ok, but to me, better wait first, at least enter at about 3660.. at least that will minimize the drawdown, better late than sorry.. IMHO.

It's ok if you miss the train but definitely not ok if you find you in the wrong train. Cheers.
  • #11,499
  • Feb 6, 2011 8:32pm Feb 6, 2011 8:32pm
so usdchf up ..
gbpusd up
eurusd up

?

for now all I see is buy dips , I am 80% on eu and gu , other oil , gold and es. If something changes or i see a different set up i will advise in the forum here

Quoting A-speculator
Euro is not the problem malc, but based on swissy and usdjpy, I think the usd have some room to move upward. Furthermore, i think usd has already found its bottom. Frankly I think, all pairs will move up this year but by sequence.. perhaps this week, we will see the swissy move up and fiber go down, but overall i think every chart will go up. Just my 2 cents malc..
Blogging daily now at www.volume.zone
  • #11,500
  • Feb 6, 2011 8:35pm Feb 6, 2011 8:35pm
Quoting malcolmb14
so usdchf up ..
gbpusd up
eurusd up

?

for now all I see is buy dips , I am 80% on eu and gu , other oil , gold and es. If something changes or i see a different set up i will advise in the forum here
yups.. in the long term i think every pair will move up accordingly. Don't forget malc, I'm not a daytrader, so my position does not based on daily basis. Cheers bro..

Afterall, if fiber go down to 3220, it still does not invalidate its uptrend move. Right?
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