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vsa with Malcolm

  • #11,721
  • Feb 8, 2011 9:37am Feb 8, 2011 9:37am
The high of the nfp bar is goping to get some attention if Fisher gets bitten by a hawk. Untill then like the Dr. said we will be in a range. My thought on chart.

Dips and tests still being bought and proving positive for more upside.
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  • #11,722
  • Feb 8, 2011 9:37am Feb 8, 2011 9:37am
Quoting frankkn
Second position to BE at +20
Nice trades frank. I don't have my charts with me at the moment so I can't make a good analysis but, it looks like there maybe some supply about still. I would protect yourself in these trades.
  • #11,723
  • Feb 8, 2011 9:39am Feb 8, 2011 9:39am
I did long eur/usd. Should I keep it for long term?
Thank you!
  • #11,724
  • Feb 8, 2011 9:42am Feb 8, 2011 9:42am
Quoting duyk20
I did long eur/usd. Should I keep it for long term?
Thank you!
Once again, How long is long term? thanks.
The Market pays you to be disciplined
  • #11,725
  • Feb 8, 2011 9:44am Feb 8, 2011 9:44am
Quoting mima
Once again, How long is long term? thanks.
As Malc and Dr said, eu could reach 1.4 and higher, so we go from there first, and then let's see how
  • #11,726
  • Feb 8, 2011 9:45am Feb 8, 2011 9:45am
Quoting duyk20
As Malc and Dr said, eu could reach 1.4 and higher, so we go from there first, and then let's see how
Board of directors of Smart Money (so called Big Boys) will back to you shortly...
The Market pays you to be disciplined
  • #11,727
  • Feb 8, 2011 9:50am Feb 8, 2011 9:50am
Quoting frankkn
Here's EU 4h and 5m. The 15m shows strength and the hull has turned north. My 5m entries are marked with purple lines, first a NS next a squat. First position at BE
Looks like we both read that NS ; my entry is the same.

Seems like the hourly could close right at the top and beyond the last high. Now, to see what happens at that NFP spike, 1.3678. I'm gunning for a overshoot and visit to 1.37/1.372, quite possibly today. USD weakening too.
  • #11,728
  • Feb 8, 2011 9:53am Feb 8, 2011 9:53am
Quoting Intel
Nice trades frank. I don't have my charts with me at the moment so I can't make a good analysis but, it looks like there maybe some supply about still. I would protect yourself in these trades.
Thanks man, my second entry was taken at BE and I closed the first at +33 as there seemed to be some responsive selling above the day's value area (sorry for the AMT).
  • #11,729
  • Feb 8, 2011 9:54am Feb 8, 2011 9:54am
Quoting Beljevina
Looks like we both read that NS ; my entry is the same.

Seems like the hourly could close right at the top and beyond the last high. Now, to see what happens at that NFP spike, 1.3678. I'm gunning for a overshoot and visit to 1.37/1.372, quite possibly today. USD weakening too.
I'm out dude you still in?
  • #11,730
  • Feb 8, 2011 9:55am Feb 8, 2011 9:55am
i will look for entries above 3680 to build a position. even tough you might be right, you might have to face some pain on your trade since we have not left shakeout territory.

from the surroundings and compared to nfp a fe weeks ago, we could well see another 1000 pips from here over the next weeks.

Quoting duyk20
I did long eur/usd. Should I keep it for long term?
Thank you!
  • #11,731
  • Feb 8, 2011 9:56am Feb 8, 2011 9:56am
Quoting Sonofsin5
The high of the nfp bar is goping to get some attention if Fisher gets bitten by a hawk. Untill then like the Dr. said we will be in a range. My thought on chart.

Dips and tests still being bought and proving positive for more upside.

Here comes the test.
  • #11,732
  • Feb 8, 2011 10:00am Feb 8, 2011 10:00am
Quoting frankkn
I'm out dude you still in?
Still in ... we were coming up on that last high with ~15 min left in the hour. If the hourly is building with that type of momentum, it usually looks to end up closing on the high, foreshadowing more strength. We've now surpassed the high, although pulling back a bit.

Not sure what to make of that silly NFP spike @ 1.378 - I think it has little value after the fact, so I feel 1.37 is still in the cards. For mental satisfaction, I usually TP 1/4 of a position off at key levels. That weaking USD is encouraging to me - when USDJPY starts making a move after sessions of inactivity, it's usually good for 40-70 pips and that gets reflected in the crosses.
  • #11,733
  • Edited 10:12am Feb 8, 2011 10:05am | Edited 10:12am
Quoting Beljevina
Still in ... we were coming up on that last high with ~15 min left in the hour. If the hourly is building with that type of momentum, it usually looks to end up closing on the high, foreshadowing more strength. We've now surpassed the high, although pulling back a bit.

Not sure what to make of that silly NFP spike @ 1.378 - I think it has little value after the fact, so I feel 1.37 is still in the cards. For mental satisfaction, I usually TP 1/4 of a position off at key levels. That weaking USD is encouraging to me - when USDJPY starts making...
agree with you about 1.37 in the cards for today. but we'll probably come back to test 3650 area. My target is 1.3687 based on auction market theory and also coincides with ATR14.

EDIT: can't seem to add chart at the moment...
Change is the only constant
  • #11,734
  • Feb 8, 2011 10:05am Feb 8, 2011 10:05am
Quoting Dr.Geppynius
i will look for entries above 3680 to build a position. even tough you might be right, you might have to face some pain on your trade since we have not left shakeout territory.

from the surroundings and compared to nfp a fe weeks ago, we could well see another 1000 pips from here over the next weeks.
Thank you Dr
I haven't been trading for long time but I've noticed that if it's going up, like eu, every news will go against the move, seems that the big boys want to suck people as much as possible and they want to get a better price for a long run as well.
I don't know if it's true but I've noticed that recently
  • #11,735
  • Feb 8, 2011 10:08am Feb 8, 2011 10:08am
[quote=Beljevina;4381463]Looks like we both read that NS ; my entry is the same.

I got the same entry (second). I exited at 3671
  • #11,736
  • Feb 8, 2011 10:10am Feb 8, 2011 10:10am
the nfp bar with spike high at 3680 has the absolute biggest importance on the whole chart for days and still has. it is not gone and rules the chart on the right side. 3680 was the reaction high before the recent low, so when jumping over this resistance and test it, it proves that this was buying and supply has been absorbed. tests of such spots offer the best trades with runner potential. trading inside this range is choppy by definition.

Quoting Beljevina
Still in ... we were coming up on that last high with ~15 min left in the hour. If the hourly is building with that type of momentum, it usually looks to end up closing on the high, foreshadowing more strength. We've now surpassed the high, although pulling back a bit.

Not sure what to make of that silly NFP spike @ 1.378 - I think it has little value after the fact, so I feel 1.37 is still in the cards. For mental satisfaction, I usually TP 1/4 of a position off at key levels. That weaking USD is encouraging to me - when USDJPY starts making...
  • #11,737
  • Feb 8, 2011 10:14am Feb 8, 2011 10:14am
Quoting Dr.Geppynius
the nfp bar with spike high at 3680 has the absolute biggest importance on the whole chart for days and still has. it is not gone and rules the chart on the right side. 3680 was the reaction high before the recent low, so when jumping over this resistance and test it, it proves that this was buying and supply has been absorbed. tests of such spots offer the best trades with runner potential. trading inside this range is choppy by definition.
To add to this point, take a look at price history and look at when the tops and bottoms of these bars are "taken out." There is usualy a very large move following. The ammount of professional activity in these bars are vey large and break of there highs and lows are always significant.
  • #11,738
  • Feb 8, 2011 10:22am Feb 8, 2011 10:22am
I noticed that every time dr G speaks market moves. Fisher's speeches become meaningless in comparison
  • #11,739
  • Feb 8, 2011 10:24am Feb 8, 2011 10:24am
Quoting Dr.Geppynius
the nfp bar with spike high at 3680 has the absolute biggest importance on the whole chart for days and still has. it is not gone and rules the chart on the right side. 3680 was the reaction high before the recent low, so when jumping over this resistance and test it, it proves that this was buying and supply has been absorbed. tests of such spots offer the best trades with runner potential. trading inside this range is choppy by definition.
Thanks. You're right - it's a range & limit definer. Guess I was thinking of it in those terms but wrote otherwise; perhaps I've been too concentrating too much on the PA within and after NFP, which has shown strength, albeit a bit slow in the making.

Regardless, am glad to see it wasn't a major barrier any longer, as we've shot past by a few pips. Now ... 1.37/1.371, only 20 pips away...
  • #11,740
  • Feb 8, 2011 10:26am Feb 8, 2011 10:26am
Quoting kave
Still early yet but why not. Update to my last post...

4hr: break of X....
Attachment

1hr, showing potential test of breakout on x (remove those WRB stuff, may not be too relevant for this thread)..
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The test on X...
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