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vsa with Malcolm

  • #11,681
  • Feb 8, 2011 4:43am Feb 8, 2011 4:43am
Quoting comapip
CHINA RAISES KEY INTEREST RATES BY 25BP

That's why. So far looking at the chart there seems to be nothing to worry about and just view this as a shakeout.
Is that good for dollar?
  • #11,682
  • Feb 8, 2011 4:44am Feb 8, 2011 4:44am
Quoting 1pipperhour
Edit: someone really wants it to go higher. I think the way is clearer now.
Can you please explain this in more detail?
  • #11,683
  • Feb 8, 2011 4:47am Feb 8, 2011 4:47am
Quoting Musashi
Can you please explain this in more detail?
Shake out of weak longs.
  • #11,684
  • Feb 8, 2011 4:54am Feb 8, 2011 4:54am
Quoting juhanimi
Is that good for dollar?
I'm not really an expert in this Chart says up so why complicate things?
  • #11,685
  • Feb 8, 2011 4:58am Feb 8, 2011 4:58am
Quoting comapip
I'm not really an expert in this Chart says up so why complicate things?
Does it ?
  • #11,686
  • Feb 8, 2011 4:58am Feb 8, 2011 4:58am
Quoting comapip
I'm not really an expert in this Chart says up so why complicate things?
I belive this is a trap up move, it should close over 1.3664 and then test that, but I can`t see that coming atm.
  • #11,687
  • Feb 8, 2011 4:59am Feb 8, 2011 4:59am
I only know that China has a relatively high inflation rate and so they're trying to keep it lower by hiking interest rates.
  • #11,688
  • Feb 8, 2011 5:02am Feb 8, 2011 5:02am
Quoting Musashi
Can you please explain this in more detail?

Strong Holders

Strong holders are usually those traders who have not allowed themselves to be trapped into a poor trading situation. They are happy with their position, and they will not be shaken out on sudden down-moves, or sucked into the market at or near the top. Strong holders are strong because they are trading

on the right side of the market. Their capital base is usually large, and they can normally read the market with a high degree of competence. Despite their proficiency, strong holders will still take losses frequently, but the losses will be minimal, because they have learnt to close out losing trades quickly. A succession of small
losses is looked upon in the same way as a business expense. Strong holders may even have more losing trades than winning trades, but overall, the profitability of the winning trades will far outweigh the combined effect of the losing trades.


Weak Holders

Most traders who are new to the markets will very easily become

Weak Holders. These people are usually under-capitalised and cannot readily cope with losses, especially if most of their capital is rapidly disappearing, which will undoubtedly result in emotional decision-making. Weak holders are on a learning curve and tend to execute their trades on ‘instinct’. Weak holders are those traders who have allowed themselves to be 'locked-in' as the market moves against them, and are hoping and praying that the market will soon move back to their price level. These traders are liable to be 'shaken out' on any sudden moves or
bad news. Generally, weak holders will find that they are trading on the wrong side of the market, and are therefore immediately under pressure if prices turn against them.
If we combine the concepts of strong holders accumulating stock from weak holders prior to a bull move, and distributing stock to potential weak holders prior to a bear move, then in this context:


•

A Bull Market occurs when there has been a substantial transfer of stock from Weak
Holders to Strong Holders, generally, at a loss to Weak Holders.


•

A Bear Market occurs when there has been a substantial transfer of stock from Strong


Holders to Weak Holders, generally at a profit to the Strong Holders.

...

A shake-out is a sudden wide spread down on bad news. It is engineered to create
panic selling, and to catch stops, thus helping in the final on onslaught to transfer stock back to professional traders. You would expect higher prices after this event.
  • #11,689
  • Feb 8, 2011 5:06am Feb 8, 2011 5:06am
Quoting Musashi
Can you please explain this in more detail?
Well said buddy...
  • #11,690
  • Feb 8, 2011 5:07am Feb 8, 2011 5:07am
Lol.. look like the pro's are having allot of fun with the Eur/Us today..
  • #11,691
  • Feb 8, 2011 5:07am Feb 8, 2011 5:07am
I'm looking for EU to trade above the red lines. On 5m there's a confirmed UT so do with that what you will but I'm ignoring it for now as there was a sudden move before that that should be tested.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h2_2011-02-08.png Size: 41 KB
  • #11,692
  • Feb 8, 2011 5:12am Feb 8, 2011 5:12am
Quoting Plata

Strong Holders

Strong holders are usually those traders who have not allowed themselves to be trapped into a poor trading situation. They are happy with their position, and they will not be shaken out on sudden down-moves, or sucked into the market at or near the top. Strong holders are strong because they are trading

[left][i][font=Times New Roman][size=2][font=Times New Roman][size=2]on the right...

I did read that in the book myself. Strong holders / Weak holders .... is this really relevant?

You either have an exit strategy or you don't being strong or weak has nothing to do with it...
  • #11,693
  • Feb 8, 2011 5:12am Feb 8, 2011 5:12am
Quoting Plata

Strong Holders

[left]Strong holders are usually those traders who have not allowed themselves to be trapped into a poor trading situation. They are happy with their position, and they will not be shaken out on sudden down-moves, or sucked into the market at or near the top. Strong holders are strong because they are trading [i][font=Times New Roman][size=2][font=Times New Roman][size=2]on...

I think Musashi meant why is it more clearer now?
  • #11,694
  • Feb 8, 2011 5:19am Feb 8, 2011 5:19am
Quoting comapip
I'm looking for EU to trade above the red lines. On 5m there's a confirmed UT so do with that what you will but I'm ignoring it for now as there was a sudden move before that that should be tested.
Sorry to bother but that is interesting. May you tell me where your red lines are? Sorry but i'm colour blind!
  • #11,695
  • Feb 8, 2011 5:22am Feb 8, 2011 5:22am
Quoting Musashi
I did read that in the book myself. Strong holders / Weak holders .... is this really relevant?

You either have an exit strategy or you don't being strong or weak has nothing to do with it...
I think by mentioning "somebody really wants it to go higher", he meant that there has been put much effort in this pair to keep it up in this moment.. he expects it to go further, because of this.
  • #11,696
  • Feb 8, 2011 5:25am Feb 8, 2011 5:25am
Quoting Larseg
I think Musashi meant why is it more clearer now?
I don't know why is there so much noise about this. Maybe my bad choice of words.

We had 1st shake out which ended @3592 then we got 2 tests (I watched 10 min, I took the first one). After last test it went up (so everybody were looking "oh, look it goes up, let's jump in and let's put stops somewhere 20 or 25 pips lower"). And then shake out again. So it is clear to me that it has to go up. And then another shake out. Because I don't believe juhanimi and I'm bullish, I'm looking for a test now to add another long. Maybe I'm right maybe not.
  • #11,697
  • Feb 8, 2011 5:27am Feb 8, 2011 5:27am
all of his four lines are red.

Quoting amletit
Sorry to bother but that is interesting. May you tell me where your red lines are? Sorry but i'm colour blind!
  • #11,698
  • Feb 8, 2011 5:30am Feb 8, 2011 5:30am
Quoting Dr.Geppynius
all of his four lines are red.
Danke Bruder! I was starting to miss you
  • #11,699
  • Feb 8, 2011 5:33am Feb 8, 2011 5:33am
Quoting 1pipperhour
I don't know why is there so much noise about this. Maybe my bad choice of words.

We had 1st shake out which ended @3592 then we got 2 tests (I watched 10 min, I took the first one). After last test it went up (so everybody were looking "oh, look it goes up, let's jump in and let's put stops somewhere 20 or 25 pips lower"). And then shake out again. So it is clear to me that it has to go up. And then another shake out. Because I don't believe juhanimi and I'm bullish, I'm looking for a test now to add another long. Maybe I'm right maybe...
Ah i see now my friend.. you mean there is Higher levels of support evident by the shakeout levels?
  • #11,700
  • Feb 8, 2011 5:39am Feb 8, 2011 5:39am
Quoting Musashi
Ah i see now my friend.. you mean there is Higher levels of support evident by the shakeout levels?
I don't know what you mean by that. This is VSA. Shake outs and tests of supply are strength indications.
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