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vsa with Malcolm

  • #11,921
  • Feb 10, 2011 5:03am Feb 10, 2011 5:03am
Quoting kave
This test after shakeout for USDCAD indicated further strengths ahead.

Attachment
about an hour left to end of bar but Loonie unfolding into a UT upon hitting level J. Next...interim support on K..

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Feb. 12 19.01.gif Size: 31 KB
  • #11,922
  • Feb 10, 2011 5:07am Feb 10, 2011 5:07am
Quoting NaughtyPip
You really should read 'master the markets' - tom williams and then you will be less puzzled by whats going on. Pages 69 - 98 are probably the most imformative pages if you want to get a quick understanding - although id do yourself a favour and read the whole thing.
I am reading it my friend. Still in the process of going through it.

Asking pertinent questions of those who are obviously very experienced in this type of charting is a great way to learn.

For example is there a particular bar pattern that must present before a long position is taken once a region of no supply is identified?

All it takes for price to go down is for people to stop buying and all it take for price to go up is for people to stop selling....
  • #11,923
  • Feb 10, 2011 5:13am Feb 10, 2011 5:13am
Quoting Musashi
...
All it takes for price to go down is for people to stop buying and all it take for price to go up is for people to stop selling....
not necessarily.
price can stop dropping if there are people willing to absorb supply.
& vice versa for upmoves (absorb demand)

edit:
price can go down on overwhelming supply (selling more than buying); vice versa on price upmove (more demand than supply; or there is reduced/little supply)
  • #11,924
  • Feb 10, 2011 5:16am Feb 10, 2011 5:16am
Quoting Beljevina
OK, feeling better about this - buyers have arrived - strength on M15 too. Will look to buy more on 1.3625 if we touch there again.
We've made it down to 1.3625 again - typical 1H candle printing for this type of drop. Just that I see too many sellers up at that rise to 1.3652 along with a ND on the 3m & 4m ... but 3m now shows NS. Nothing unusual I suppose, just that a decent level of buying has not materilized IMO; this thing's just not behaving with the right level of enthusiasm. This hour's candle is crucial for future daily direction - have a small long for now, but we will be testing many more times ...
Attached Image
  • #11,925
  • Feb 10, 2011 5:22am Feb 10, 2011 5:22am
Quoting supremeChaos
not necessarily.
price can stop dropping if there are people willing to absorb supply.
& vice versa for upmoves (absorb demand)

edit:
price can go down on overwhelming supply (selling more than buying); vice versa on price upmove (more demand than supply; or there is reduced/little supply)
"All it takes for price to go down is for everyone to stop buying and all it takes for price to go up is for everyone to stop selling" - makes perfect sense to me.

Being able to identify when the sellers are drying up or when the buyers are drying up will be of significant advantage to a trader.

Hence my interest in this No Supply / No Demand aspect of volume.
  • #11,926
  • Feb 10, 2011 5:26am Feb 10, 2011 5:26am
now this guarantees madness

13:00EUR
Buba President Weber Speaks

13:00GBP
Asset Purchase Facility

13:00GBP
Official Bank Rate

not that this alone is enough, no....

14:30USD
Unemployment Claims
  • #11,927
  • Feb 10, 2011 5:32am Feb 10, 2011 5:32am
Quoting Musashi
...
Hence my interest in this No Supply / No Demand aspect of volume.
NS/ND is just 1 part of a bigger picture.
the book will lay it out nicely for u.

Quoting Musashi
... - makes perfect sense to me.
...
yeah sorry, just a minor confusion on my part. thought u said something else.

English is not my main language, plus i was watching tv, watching charts & replying in another thread all almost at the same time.
  • #11,928
  • Feb 10, 2011 5:59am Feb 10, 2011 5:59am
1.6025 - 1.6030 serving as a lot of support on Cable, be interesting to see what the news does.
  • #11,929
  • Feb 10, 2011 6:05am Feb 10, 2011 6:05am
Quoting KinsaleForex
1.6025 - 1.6030 serving as a lot of support on Cable, be interesting to see what the news does.
...take out stops of course.
  • #11,930
  • Feb 10, 2011 6:09am Feb 10, 2011 6:09am
Quoting KinsaleForex
...take out stops of course.
It takes me out, luckily my stop at b/e lol
  • #11,931
  • Feb 10, 2011 6:11am Feb 10, 2011 6:11am
buying 1.3610 still but effort to ris just now got hammered.

days range low is 1.3540 , so no demands on up moves best

es has gap to fill ... that may give us entry move up for eu

I am in already 1.3640.... stop 1.3700 , tp 1.3540

Attached Image (click to enlarge)
Click to Enlarge Name: eu94.png Size: 138 KB
Blogging daily now at www.volume.zone
  • #11,932
  • Feb 10, 2011 6:13am Feb 10, 2011 6:13am
Quoting malcolmb14
buying 1.3610 still but effort to ris just now got hammered.

days range low is 1.3540 , so no demands on up moves best

es has gap to fill ... that may give us entry move up for eu

I am in already 1.3640.... stop 1.3700 , tp 1.3540

Attachment
EU - seems like a shake out just now.
  • #11,933
  • Feb 10, 2011 6:17am Feb 10, 2011 6:17am
yes it does

BUT I have been seeing lots supply in the market ....noted this to sonofin in skype conversations and that it was bothering me and may get in way of up move

noted on the chart .

I would not be buying unless we see 1.3500... or above 1,3680

Ideal would be up move to 1.3680 and no demand on 15 for sell

Attached Image (click to enlarge)
Click to Enlarge Name: eu95.png Size: 156 KB






Quoting 1pipperhour
EU - seems like a shake out just now.
Blogging daily now at www.volume.zone
  • #11,934
  • Feb 10, 2011 6:21am Feb 10, 2011 6:21am
25min till weber speaks. until this and us numbers have passed markets will shake around.
  • #11,935
  • Feb 10, 2011 6:30am Feb 10, 2011 6:30am
formation of this 30 min out of sell trade +10

will wait till later ...
Blogging daily now at www.volume.zone
  • #11,936
  • Feb 10, 2011 6:34am Feb 10, 2011 6:34am
pre-weber this looks like a lovely shakeout in the right spot. a GMAYE-Bar.


(Give Me All Your Euros)

let's see if weber has some oil to put in the fire or if he completely messes up.

http://img696.imageshack.us/img696/6...0210133006.png
  • #11,937
  • Feb 10, 2011 6:34am Feb 10, 2011 6:34am
Quoting malcolmb14
formation of this 30 min out of sell trade +10

will wait till later ...
I have a long trade in 30 min I think that it's buyer ,i will long if we have a test
  • #11,938
  • Feb 10, 2011 6:36am Feb 10, 2011 6:36am
Quoting Dr.Geppynius
pre-weber this looks like a lovely shakeout in the right spot. a GMAYE-Bar.


(Give Me All Your Euros)

let's see if weber has some oil to put in the fire or if he completely messes up.

http://img696.imageshack.us/img696/6...0210133006.png
c'mon you do have an anticipation of what he's gonna say
  • #11,939
  • Feb 10, 2011 6:40am Feb 10, 2011 6:40am
"hello audience, my name is axel weber but you can call me tricky-a"

Quoting amletit
c'mon you do have an anticipation of what he's gonna say
  • #11,940
  • Feb 10, 2011 6:41am Feb 10, 2011 6:41am
talking about Weber
http://www.bloomberg.com/news/2011-0...-persists.html
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