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vsa with Malcolm

  • #11,981
  • Feb 10, 2011 8:15am Feb 10, 2011 8:15am
Quoting frankkn
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.
I did get long around the start of the rally but its very hard to trade and post. Looking at the daily, if we finish above 6080 we will have a very nice pin going into Friday. The gbp strength malcomb was talking about yesterday is starting to come into play.
  • #11,982
  • Feb 10, 2011 8:19am Feb 10, 2011 8:19am
could this be a base forming for the eu at around 1.36
i would expect it to go up from here
  • #11,983
  • Edited Feb 11, 2011 7:51am Feb 10, 2011 8:19am | Edited Feb 11, 2011 7:51am
Would anybody care to comment on the volume and bar set up for this entry. Am i correct in my analysis on the volume
hifx
  • #11,984
  • Feb 10, 2011 8:23am Feb 10, 2011 8:23am
forgot to mention S/L @ 35810
hifx
  • #11,985
  • Feb 10, 2011 8:24am Feb 10, 2011 8:24am
Quoting Sonofsin5
I did get long around the start of the rally but its very hard to trade and post. Looking at the daily, if we finish above 6080 we will have a very nice pin going into Friday. The gbp strength malcomb was talking about yesterday is starting to come into play.
I also took that rally but am not sure it was a correct one. May i ask you what was your entry?
  • #11,986
  • Feb 10, 2011 8:26am Feb 10, 2011 8:26am
Quoting Sonofsin5
I did get long around the start of the rally but its very hard to trade and post. Looking at the daily, if we finish above 6080 we will have a very nice pin going into Friday. The gbp strength malcomb was talking about yesterday is starting to come into play.
You are genius, how could you consider taking a long position when we have an upper trendline right above? If you play breakout , I believe high volume up bar breakout isn't very nice vsa setup since we could have hidden selling
I admit that there're a lot of strength in background though.
  • #11,987
  • Feb 10, 2011 8:28am Feb 10, 2011 8:28am
well well surprise... not exactly the direction that was expected yesterday.
will the sell-off continue or are we done dipping?
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 22 KB
Nihil Sine Deo.
  • #11,988
  • Feb 10, 2011 8:30am Feb 10, 2011 8:30am
Quoting Sonofsin5
gbp strength
Oh, I apologize I was thinking you were talking about EU.
  • #11,989
  • Feb 10, 2011 8:35am Feb 10, 2011 8:35am
Quoting duyk20
You are genius, how could you consider taking a long position when we have an upper trendline right above? If you play breakout , I believe high volume up bar breakout isn't very nice vsa setup since we could have hidden selling
I admit that there're a lot of strength in background though.
It's worth remembering trend lines aren't concrete barriers and have to be broken at some stage or another. It appears there was enough strength to do this! A lot of wide spread bars on Cable today, a little messy.
  • #11,990
  • Feb 10, 2011 8:39am Feb 10, 2011 8:39am
Moved S/L to 35960
hifx
  • #11,991
  • Feb 10, 2011 8:40am Feb 10, 2011 8:40am
Quoting duyk20
You are genius, how could you consider taking a long position when we have an upper trendline right above? If you play breakout , I believe high volume up bar breakout isn't very nice vsa setup since we could have hidden selling
I admit that there're a lot of strength in background though.
Ill post my chart when things quiet down But there were signs of large buying all over the place. Ill put some charts up in a bit.
  • #11,992
  • Feb 10, 2011 8:47am Feb 10, 2011 8:47am
1st target 36564 weekly pivot and 15 min 200 sma area will add if close above this area target last night high @37404
hifx
  • #11,993
  • Edited Feb 11, 2011 7:51am Feb 10, 2011 8:53am | Edited Feb 11, 2011 7:51am
Here is my chart and areas i am looking at.Any critique welcome
hifx
  • #11,994
  • Feb 10, 2011 8:56am Feb 10, 2011 8:56am
Have now moved my stop to BE 29 pips in profit
hifx
  • #11,995
  • Feb 10, 2011 9:02am Feb 10, 2011 9:02am
Here is entry explained.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15 min example.jpg Size: 74 KB
Click to Enlarge Name: gu 5 min example.jpg Size: 82 KB
  • #11,996
  • Feb 10, 2011 9:08am Feb 10, 2011 9:08am
Quoting Sonofsin5
Here is entry explained.
Nice charts. Thanks.
  • #11,997
  • Feb 10, 2011 9:12am Feb 10, 2011 9:12am
Nice charts Sonofsin5
I also thought of this scenarios but the upper trendline made me hesitated on my entry. Hesitation costs me dearly recently as I don't have the ball to take the trade. My acc is small and the broker requires a quite big minimum lotsize, so comes hesitation.
Hope you post more signals in the future
  • #11,998
  • Feb 10, 2011 9:14am Feb 10, 2011 9:14am
I am seeing good strenght coming into ES hopefully it will pull EUR/USD up too.
hifx
  • #11,999
  • Feb 10, 2011 9:16am Feb 10, 2011 9:16am
Quoting Sonofsin5
Here is entry explained.
Thank you. I took the ns break but i know it was too risky. I did it because of the streangth in background.
  • #12,000
  • Feb 10, 2011 9:18am Feb 10, 2011 9:18am
Quoting duyk20
Nice charts Sonofsin5
I also thought of this scenarios but the upper trendline made me hesitated on my entry. Hesitation costs me dearly recently as I don't have the ball to take the trade. My acc is small and the broker requires a quite big minimum lotsize, so comes hesitation.
Hope you post more signals in the future
lol Hardly a signal if I post it afterwards. I do not trade with trendlines just an ema. Trendlines are funny things, when they are broken 50% of traders using them will say its broken so long while the other 50% will say its just poking through so short. I cant see how that helps in making an accurate analysis of the market, but thats just me. A daily close around here on the GU is going to make for a most interesting Friday.
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