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vsa with Malcolm

  • #11,781
  • Feb 9, 2011 2:13am Feb 9, 2011 2:13am
Monday and Tuesday looked like all dips were being bought. Today I am just seeing signs of sellers coming in. It's hard to explain because i'm not totally ofait with VSA terminology, but after the pretty comprerhensive rejection of 3690, EU has looked under pressure. It's early days, but to me it looks like 3550 will be tested before 3690.
Let's see.....
  • #11,782
  • Feb 9, 2011 2:15am Feb 9, 2011 2:15am
Quoting Raza
Just a Friendly Heads Up...
http://www.forexfactory.com/showthread.php?t=10372
The Market pays you to be disciplined
  • #11,783
  • Edited 3:00am Feb 9, 2011 2:16am | Edited 3:00am
just some food for thought. there is chatter going on about eur being bought the next 3 days (decent sources it is claimed). china came back from holidays yesterday and the asian session last night was expected to be pro-usd, which, as we see, wasn't the fact. if the euro-session boys do not try to reverse it, we have a pretty good indication. i do not pay attention to the chatter, but if it aligns with my view of the chart it is interesting.

interesting for me intraday is also the fact, that algos seem to have switched to buying vwap dips which is a common procedure since bigger orders have the least impact on the market if taken at the vwap price for the session.

i remain bullish and my initial long here is 3643 with a fairly wide stop due to benny testylying later. above 3680 i am looking to add.

http://img227.imageshack.us/img227/4...0209090924.png
  • #11,784
  • Edited 3:37am Feb 9, 2011 3:01am | Edited 3:37am
Quoting HIFX
Thanks to all for the comments on my live trades very helpfull to see things from an others perpective.I have closed all my trades from todays late session 3 winners 2 losers.I also closed my trades from Monday as well.I am going to regret that.
I got spooked looking at the possible inverted H/S on the DIX and watching PA in Asia plus the news out of Europe today,I still have trouble with my emotions from time to time(all the time)and the fact that i have been burnt by greed /hopeless optimisim in the past gives me healthy respect for the fact that...
I know where you are coming from with most of the issues re burnt/greed. RE your H & S. All too many times I see these patterns forming, but in the end they don't come to anything. They often bounce off the right shoulder to invalidate the forming h & S. I am not saying it will not happen, just saying what I have encountered.
Le singe est dans l'arbre
  • #11,785
  • Feb 9, 2011 4:20am Feb 9, 2011 4:20am
Still waiting for EU to break above the NFP bar. So far we had 1 attempt yesterday but that ended up an UT on 4h. What happened after that was almost nothing. Price came down slightly and is continuing to chop around. I expect it to have a go at the highs again.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_2011-02-09.png Size: 51 KB
  • #11,786
  • Feb 9, 2011 4:20am Feb 9, 2011 4:20am
Quoting kave
update..
4hr view in bar chart of Gbp futures, indicating a potential test..

Attachment
GU is struggling to head above the 50SMA...so far showing gradual supply...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_52 Feb. 11 18.17.gif Size: 23 KB
  • #11,787
  • Edited 4:56am Feb 9, 2011 4:29am | Edited 4:56am
Quoting kave
update;
AU head to test the high of nov2010 & met with a reversal after effort to rise. (candlestick readers, u got your engulfing & this shoud count as the 2nd )
Attachment
AU have hit AR level but with relatively weak supply still, A bearish scenario here would be a test back up on Prelim supply level or W to confirm the Secondary test for distribution..

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_54 Feb. 11 18.29.gif Size: 26 KB


PS: of coz since we are at it for AU to hit the level W, might as well see what wyckoff wave provides in 5mins to capitalize on the move. Here is an e.g.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_57 Feb. 11 18.55.gif Size: 23 KB
  • #11,788
  • Feb 9, 2011 4:30am Feb 9, 2011 4:30am
I like the rigour of your charts Kave,
keep it up trader!
  • #11,789
  • Feb 9, 2011 4:57am Feb 9, 2011 4:57am
Quoting Sdvsa
I like the rigour of your charts Kave,
keep it up trader!
Tks!
  • #11,790
  • Feb 9, 2011 6:15am Feb 9, 2011 6:15am
thats what i currently see on the charts. eur being primed for upmove.

does not mean we won't come below the 2hr shakeout again when bernanke begins to tell fairytales.

light stuff.

http://img193.imageshack.us/img193/1...0209130805.png
  • #11,791
  • Feb 9, 2011 6:16am Feb 9, 2011 6:16am
Quoting Dr.Geppynius
not that surprising....
hey Doc,
form-wise, would u say this is a relatively similar looking spring on eurusd's current M1?
thanks!
(IBFX demo chart; hope my chart is clearly visible, specially to those 'color-challenged')
Attached Image (click to enlarge)
Click to Enlarge Name: spring.PNG Size: 23 KB


i added another long position right around/after the NS after the spring(if indeed it is one) @1.3622 [NS is the 3rd bar after the lowest bar in the chart]

btw, im learning a bit of 'German tank' language from your charts (like, 'stunden' means hour) thanks!
  • #11,792
  • Feb 9, 2011 6:21am Feb 9, 2011 6:21am
by definition those are springs, yes. but you know what i think of the 1m chart

Quoting supremeChaos
hey Doc,
form-wise, would u say this is a relatively similar looking spring on eurusd's current M1?
thanks!
(IBFX demo chart; hope my chart is clearly visible, specially to those 'color-challenged')
Attachment

i added another long position right around/after the NS after the spring(if indeed it is one) @1.3620ish [NS is the 3rd bar after the lowest bar in the chart]
  • #11,793
  • Feb 9, 2011 6:25am Feb 9, 2011 6:25am
Hi,

My trade, I have done 3 today just like this one, SD zone, Trigger number and test...

http://www.screencast.com/users/Ozay...5-2bac54db807f
  • #11,794
  • Feb 9, 2011 6:28am Feb 9, 2011 6:28am
light stuff 2

just by paying attention to the details we can get a better picture

on this pic i have marked the swings. just pay attention how the downswings reduce in time and distance while we had one bigger upswing breaking through the 3620 area. the rejection of 3680 then produced a smaller downpush ending with a 2hr shakeout for now.
by observation of these facts we can assume that a change of the supply & demand situation has occured.

http://img696.imageshack.us/img696/3...0209132255.png
  • #11,795
  • Feb 9, 2011 6:28am Feb 9, 2011 6:28am
Quoting Dr.Geppynius
by definition those are springs, yes. but you know what i think of the 1m chart
Es ist selbstverständlich. vielen danke
(it's understood. many thanks! --- did i get that right?)
hahahah. long live your German tanks!
thanks for your 'language training'..
  • #11,796
  • Feb 9, 2011 7:00am Feb 9, 2011 7:00am
hey everyone,
hope u allow me to goof off a bit while we wait to get stopped out or freak out once bernanke speaks.

just for some laughter
Quoting EuroTrader
Someone can explain me why the mubarak forces use camels?
Quoting Dr.Geppynius
because of high oil prices
  • #11,797
  • Feb 9, 2011 7:04am Feb 9, 2011 7:04am
Quoting supremeChaos
hey everyone,
hope u allow me to goof off a bit while we wait to get stopped out or freak out once bernanke speaks.

just for some laughter


LOOOOOL
  • #11,798
  • Feb 9, 2011 7:49am Feb 9, 2011 7:49am
it wasn't me

Quoting supremeChaos
hey everyone,
hope u allow me to goof off a bit while we wait to get stopped out or freak out once bernanke speaks.

just for some laughter


  • #11,799
  • Feb 9, 2011 7:54am Feb 9, 2011 7:54am
Quoting Dr.Geppynius
it wasn't me
so, it was your sexytary. got a pic?
  • #11,800
  • Feb 9, 2011 7:56am Feb 9, 2011 7:56am
Quoting Dr.Geppynius
it wasn't me
another hidden ape test?
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