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vsa with Malcolm

  • #11,961
  • Feb 10, 2011 8:29am Feb 10, 2011 8:29am
What's wrong with you Snatch?
  • #11,962
  • Feb 10, 2011 8:30am Feb 10, 2011 8:30am
Quoting Sonofsin5
Very tricky market to trade right now. The gu is being bought on all dips. Having said that it can still drop further however I think there is bargain hunting happening in both the pound and Eur.
and let's not forget this bigger picture

http://www.forexfactory.com/attachme...5&d=1296331184
Change is the only constant
  • #11,963
  • Feb 10, 2011 8:30am Feb 10, 2011 8:30am
Quoting snatch
Good idea, mock the man contributing more valuable posts to the forum than 99% of posters on here including yourself. Get your hand caught in the cookie jar snatch?
  • #11,964
  • Feb 10, 2011 8:34am Feb 10, 2011 8:34am
Quoting tgwhbb
and let's not forget this bigger picture

http://www.forexfactory.com/attachme...5&d=1296331184

who's head is that?
MY OPINION NOT FINANCIAL ADVISE
  • #11,965
  • Feb 10, 2011 8:34am Feb 10, 2011 8:34am
Quoting duyk20
What's wrong with you Snatch?
He is having a dig at the Dr.
Le singe est dans l'arbre
  • #11,966
  • Feb 10, 2011 8:40am Feb 10, 2011 8:40am
i denied dating her, because she has no manners. she obviously cannot handle this
  • #11,967
  • Feb 10, 2011 8:40am Feb 10, 2011 8:40am
again the idea of real volume and correlation comes in play. when you look at gbp/jpy and usd/jpy before official bank rate announcement you can see that gbp is driving the gbp crossrates because its high volume. so in that timeframe correlation between the gbp crossrates was relatively strong. when those not to spectacular news where over correlation weakens because the volume with which gbp was traded dimishes. the jen crossrates tend to set foth to its actual trend, wich was partly destortet through news announcement, when gbp volume began to weaken.
the same trend distortion and trend continuation could be observed after nfp.
i know thats not vsa, its more like viewing volume from a different perspective.
  • #11,968
  • Feb 10, 2011 8:41am Feb 10, 2011 8:41am
Quoting hi6hlander
He is having a dig at the Dr.
He should better fuck off. When Dr stops posting because of those people, hope that they won't cry. No-one can predict future, it's just Dr opinion for our references.
  • #11,969
  • Feb 10, 2011 8:46am Feb 10, 2011 8:46am
Quoting duyk20
He should better fuck off. When Dr stops posting because of those people, hope that they won't cry. No-one can predict future, it's just Dr opinion for our references.
and a much appreciated opinion at that!
Change is the only constant
  • #11,970
  • Feb 10, 2011 8:46am Feb 10, 2011 8:46am
Quoting juhanimi
Yes, I was thinking that 1.3710-20 should be tested with ND`s that this would be change of a trend and they have SL in 1.3705. Like in worst place.
We will see.
Was there a target also?
  • #11,971
  • Feb 10, 2011 8:48am Feb 10, 2011 8:48am
Quoting snatch
...
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #11,972
  • Feb 10, 2011 8:55am Feb 10, 2011 8:55am
Quoting Dr.Geppynius
i denied dating her, because she has no manners. she obviously cannot handle this

u can educate her if u love her and patience
MY OPINION NOT FINANCIAL ADVISE
  • #11,973
  • Feb 10, 2011 8:57am Feb 10, 2011 8:57am
I can see nothing but strength in gu, maybe we could see 1.60 cause of expiry options. Then it should go up

any comments?

Attached Image (click to enlarge)
Click to Enlarge Name: gu accum.png Size: 149 KB
  • #11,974
  • Feb 10, 2011 9:02am Feb 10, 2011 9:02am
Quoting 1pipperhour
Was there a target also?
First target 1.3561, they have always 3 positions and 3 targets.
  • #11,975
  • Feb 10, 2011 9:05am Feb 10, 2011 9:05am
Quoting Hunt4pips
I can see nothing but strength in gu, maybe we could see 1.60 cause of expiry options. Then it should go up

any comments?

Attachment
I agree, im sitting on my hands waiting to hop on the bid, I already got my hand slapped today when I tried to cetch a falling knife in the euro. Ill post if I take an entry.
  • #11,976
  • Feb 10, 2011 9:54am Feb 10, 2011 9:54am
by now it may become even clearer: EUR/JPY USD/JPY EUR/CHF USD/CHF all are bullish on the weekly and monthly timeframe. the news today sucked volume out of those trends into EUR/USD movement.
With relative volume slipping after that again from EUR/USD and USD/GBP to EUR and USD's other counterparts all of them(EJ UJ EC UC) made a big movement to their actual trend direction

Quoting cashbyclick
again the idea of real volume and correlation comes in play. when you look at gbp/jpy and usd/jpy before official bank rate announcement you can see that gbp is driving the gbp crossrates because its high volume. so in that timeframe correlation between the gbp crossrates was relatively strong. when those not to spectacular news where over correlation weakens because the volume with which gbp was traded dimishes. the jen crossrates tend to set foth to its actual trend, wich was partly destortet through news announcement, when gbp volume began to weaken.
the same trend distortion and trend continuation could be observed after nfp.
i know thats not vsa, its more like viewing volume from a different perspective.
  • #11,977
  • Feb 10, 2011 9:55am Feb 10, 2011 9:55am
Quoting Sonofsin5
I agree, im sitting on my hands waiting to hop on the bid, I already got my hand slapped today when I tried to cetch a falling knife in the euro. Ill post if I take an entry.
I've been waiting for a decent rally before shorting, we just haven't been provided with one have we? I've just been sitting around all morning.

The highest volume down bars (15m) have been into the week's VAL so it's possible that our rally may be brewing, but London closes in a little more than an hour so I may have to wait for Tokyo for my short entry.
  • #11,978
  • Edited Feb 11, 2011 9:51am Feb 10, 2011 9:55am | Edited Feb 11, 2011 9:51am
Closed my cheeky wee short from last night from 37412 @ 36344 +100. I thought i saw buyers coming inyo play at 36286 went long got that wrong small loss -16.
hifx
  • #11,979
  • Feb 10, 2011 9:58am Feb 10, 2011 9:58am
Sorry closed @ 36334
hifx
  • #11,980
  • Feb 10, 2011 10:00am Feb 10, 2011 10:00am
What's this, EURUSD strength coming in for the last 5 minutes of the hourly print? Still in a valid downtrend IMO with too many lower timeframe TLs to clear, but signs of no supply down here. USD seems to be pwicking/doji-ing too ... weird strength on the GBP ... the daily is looking very interesting - not much time to get back up before bye-bye to a positive weekly print IMO.

And damn, shoudla' stuck with my GBPJPY longs - check that post-news pin bar - always good for 50+ pips (note to self, again).

UPDATE: Hourly close as a doji ... I kinda like that better - 2 in a row now, but in a downtrend, potentially meaningless, representing indecision & delays.
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