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vsa with Malcolm

  • #11,581
  • Feb 7, 2011 12:30pm Feb 7, 2011 12:30pm
Quoting kave
Looks like a spring on Y now. A NS after this would be nice too..

Attachment
The NS test on Y on 1hr chart!

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  • #11,582
  • Feb 7, 2011 12:43pm Feb 7, 2011 12:43pm
Quoting rahulkghosh
I have serious doubts that aussie or kiwi has topped. EURUSD has still held a 3/8 retracement, we could see a rapid continuation of the trend. Counter-trend moves can last 3-4 days. The high vols in Thurs, Fri on EURUSD are really something. As malc noted, if they were sellers, why are we barely breaking below the day before's lows?

Retailers are still dollar long versus everything. They just haven't capitulated. And never call tops appropriately(I'm referring to the crowd). 4 days of eurodollar coming down and they are still net short... we haven't...
Maybe you're right, I won't argue your point. The thing is, in daily for aussie, there's already a doji and the same for kiwi in the weekly chart. Still, I'm not suggesting a change of trend but I think a retracement at least to 1.0 is possible for aussie. And from weekly or mothly point of view, 9500 is possible (means that a retest of the breakout area before any further upside move and for this to happen, a clean break of 1.0 is needed).
  • #11,583
  • Feb 7, 2011 12:52pm Feb 7, 2011 12:52pm
I'm thinking October high, ~1.41-1.42 region is good. Assuming we've bottomed off today on the retracement, good chance we did.
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  • #11,584
  • Feb 7, 2011 12:54pm Feb 7, 2011 12:54pm
Quoting Raza
THIS IS A VSA THREAD I SHOULD NOT MESS IT up..
Yes.
  • #11,585
  • Feb 7, 2011 12:55pm Feb 7, 2011 12:55pm
Quoting rahulkghosh
I'm thinking October high, ~1.41-1.42 region is good. Assuming we've bottomed off today on the retracement, good chance we did.
I think a retracement to about 61% area of your chart is possible which means a retest from the previous breakout point. If that happens, it will validate the strong upmove for the pair. IMHO.
  • #11,586
  • Feb 7, 2011 1:02pm Feb 7, 2011 1:02pm
Just my 2 cents worth on Aussie since there are some discussion around it, my perspective with the help of Wyckoff wave analysis..

Looks like a secondary test is in progress now with previous 4hr bar showing weakness on supply - right up on previous supply level. A break of AR could follow by further test (ND) which may bring price back down to level X or Z.

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  • #11,587
  • Feb 7, 2011 1:09pm Feb 7, 2011 1:09pm
Here is a VSA based short taken today completely off the 15min chart... (Thought I would post this since the VSA thread has been somewhat off topic today)...
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Today's zone = Tomorrow's opportunity!
  • #11,588
  • Feb 7, 2011 1:18pm Feb 7, 2011 1:18pm
Quoting pres78
Here is a VSA based short taken today completely off the 15min chart... (Thought I would post this since the VSA thread has been somewhat off topic today)...
Congrats Press78, i took this trade too. It was rather puzzling at 1st till that UT show up follow by a test on 30mins chart . But i was expecting a price drop anyway due to my 4hr analysis assumptions.
  • #11,589
  • Feb 7, 2011 1:25pm Feb 7, 2011 1:25pm
Quoting kave
Congrats Press78, i took this trade too. It was rather puzzling at 1st till that UT show up follow by a test on 30mins chart . But i was expecting a price drop anyway due to my 4hr analysis assumptions.
Honestly didn't even look at the 30min but I see now that the two bar reversal on the 15min was infact an upthrust on the 30min... Two traders got to the same trade from different TF's... gotta love it.
Today's zone = Tomorrow's opportunity!
  • #11,590
  • Feb 7, 2011 1:50pm Feb 7, 2011 1:50pm
Didn't this used to be a VSA thread.
  • #11,591
  • Feb 7, 2011 1:52pm Feb 7, 2011 1:52pm
Right now on EURUSD I am watching reaction and 2 trigger levels from my 1hr chart. 3582 from Friday WRB close, Highest Volume and 3662 from Thursday WRB close, Highest Volume...
Today's zone = Tomorrow's opportunity!
  • #11,592
  • Feb 7, 2011 1:54pm Feb 7, 2011 1:54pm
Quoting Intel
Didn't this used to be a VSA thread.
Up until today...
Today's zone = Tomorrow's opportunity!
  • #11,593
  • Feb 7, 2011 1:57pm Feb 7, 2011 1:57pm
Quoting pres78
Here is a VSA based short taken today completely off the 15min chart... (Thought I would post this since the VSA thread has been somewhat off topic today)...
Nice work, how are these 1:1 RR ratios working out for you?
  • #11,594
  • Feb 7, 2011 2:00pm Feb 7, 2011 2:00pm
Quoting pres78
Right now on EURUSD I am watching reaction and 2 trigger levels from my 1hr chart. 3582 from Friday WRB close, Highest Volume and 3662 from Thursday WRB close, Highest Volume...
omg, me2...:
  • #11,595
  • Feb 7, 2011 2:01pm Feb 7, 2011 2:01pm
Quoting NaughtyPip
Nice work, how are these 1:1 RR ratios working out for you?
Works out fine so far... Sometimes if I think the move may be extended I will trade 2 lots and close 1 at 1:1 and let the other run until we hit ADR or get into messy looking Hull and PAL.
Today's zone = Tomorrow's opportunity!
  • #11,596
  • Feb 7, 2011 2:15pm Feb 7, 2011 2:15pm
I am long off 1.3540 , will add on breakout and test 1.3640

Quoting rahulkghosh
I'm thinking October high, ~1.41-1.42 region is good. Assuming we've bottomed off today on the retracement, good chance we did.
Blogging daily now at www.volume.zone
  • #11,597
  • Feb 7, 2011 2:17pm Feb 7, 2011 2:17pm
Yup clean up crew is coming.

I am going to have to ask some politely to keep it to vsa or ingore them so they cannot post.

This has been one of the better threads as we keep mostly on topic.

Quoting Intel
Didn't this used to be a VSA thread.
Blogging daily now at www.volume.zone
  • #11,598
  • Feb 7, 2011 2:22pm Feb 7, 2011 2:22pm
Quoting malcolmb14
I am long off 1.3540 , will add on breakout and test 1.3640
sweet dude, i got long off 1.3540 too. looking pretty good so far, hopefully we get daily close above 1.3600, would be good looking daily candle.
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  • #11,599
  • Feb 7, 2011 2:24pm Feb 7, 2011 2:24pm
Quoting rahulkghosh
sweet dude, i got long off 1.3540 too. looking pretty good so far, hopefully we get daily close above 1.3600, would be good looking daily candle.
I was a little slower on the trigger but got in at 3550...
Today's zone = Tomorrow's opportunity!
  • #11,600
  • Feb 7, 2011 2:28pm Feb 7, 2011 2:28pm
Nothing bearish about this chart

We see uh vol down 1.3550 area , then today NICE shake out and squat bar at 1,3510 , now we are above the potential stopping volume of 1.3550 of Friday.

1.3640 is may safe long zone. Targeting 1,3850 and higher

Attached Image (click to enlarge)
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Quoting rahulkghosh
sweet dude, i got long off 1.3540 too. looking pretty good so far, hopefully we get daily close above 1.3600, would be good looking daily candle.
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