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vsa with Malcolm

  • #12,041
  • Feb 10, 2011 2:46pm Feb 10, 2011 2:46pm
any time eu has come into this zone on the weekly it goes into sideways pa ... enjoy while it is there ... seems 1.3750 to 1.3550 may be the range

Quoting 1pipperhour
A little bit controversial. NDs on 2 hour and hourly. Very nice round bottom forming on 10 min and 5 min. If looking hard and have a little fantasy then round bottom forming on 4 hour and daily as well which is very good signal for an up-move. Daily also looks like a shake out ... have to watch tomorrow maybe we get some sort of confirmation.

If to patterns then 4 hour showing inverted hammer and last bar may engulf. So up.

I remain bull at the moment.

As for weekly ... not sure what to think of it (one day left). Looks bearish but many...
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  • #12,042
  • Feb 10, 2011 2:51pm Feb 10, 2011 2:51pm
Quoting malcolmb14
any time eu has come into this zone on the weekly it goes into sideways pa ... enjoy while it is there ... seems 1.3750 to 1.3550 may be the range
i say old boy im still buying
  • #12,043
  • Feb 10, 2011 3:10pm Feb 10, 2011 3:10pm
Here's EU with weekly on the left and 1h on the right.

Weekly up trend + Reasonable drop on 1h + Stopping Volume = Strength

Euro futures also has some buying at the weekly value area low. Let me know if the AMT is too off topic.
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  • #12,044
  • Feb 10, 2011 3:31pm Feb 10, 2011 3:31pm
Quoting frankkn
Here's EU with weekly on the left and 1h on the right.

Weekly up trend + Reasonable drop on 1h + Stopping Volume = Strength

Euro futures also has some buying at the weekly value area low. Let me know if the AMT is too off topic.
look at the weekly again
  • #12,045
  • Feb 10, 2011 4:15pm Feb 10, 2011 4:15pm
Well I dont normally like giving a personal longer term analysis but I'm going to stick my neck out and call it as I see it. I see major buying in the GBPUSd. Looking at a hourly chart for the week you can clearly see the level that has been protected and bought. We have had an incredible amount of news this week shaking the USD such as NJ bond defaults and the tension in Egypt to name a few. With no real downside pressure and todays "pin" bar I am targeting a break of 1.6250 next week. I am curently long from below .6060 and will look to add.
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  • #12,046
  • Feb 10, 2011 5:17pm Feb 10, 2011 5:17pm
Quoting Sonofsin5
Well I dont normally like giving a personal longer term analysis but I'm going to stick my neck out and call it as I see it. I see major buying in the GBPUSd. Looking at a hourly chart for the week you can clearly see the level that has been protected and bought. We have had an incredible amount of news this week shaking the USD such as NJ bond defaults and the tension in Egypt to name a few. With no real downside pressure and todays "pin" bar I am targeting a break of 1.6250 next week. I am curently long from below .6060 and will look to add....
I agree. I think it's very clear in your chart.
  • #12,047
  • Feb 10, 2011 5:54pm Feb 10, 2011 5:54pm
Quoting juhanimi
EU-Weekly

Does not look so bullish.
One day missing, but are they really gonna take this up?

EU on 1 hour charts zoomed out or 4 hour looks like a kind of H&S built upon 2 last weeks...
  • #12,048
  • Feb 10, 2011 6:15pm Feb 10, 2011 6:15pm
Quoting cosmoras
EU on 1 hour charts zoomed out or 4 hour looks like a kind of H&S built upon 2 last weeks...
If too many people(particularly retailers) are playing the HS on DXY or EURUSD it'll go the other way and we'll blast beyond 1.3850, look at October. On another note DXY has kind of gone parabolic in the last 24 hours.
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  • #12,049
  • Feb 10, 2011 6:28pm Feb 10, 2011 6:28pm
Quoting kave
Broken upbove U after 3 or 4 shakeout ( i lose count). Next would be test of this breakout..on U
1hr
Attachment

4hr
Attachment

My pants are wet now with no test at all after break on U but instead with a ND after UT as seen in 4hrs...back down onto X again but this time with a drive-down to further weakness with increase selling. If support fail on X we could see a break of X with a test. If not it better be another one of those eternal spring back up...

4hr
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  • #12,050
  • Feb 10, 2011 6:33pm Feb 10, 2011 6:33pm
Quoting kave
My pants are wet now with no test at all after break on U but instead with a ND after UT as seen in 4hrs...back down onto X again but this time with a drive-down to further weakness with increase selling. If support fail on X we could see a break of X with a test...

4hr
Attachment
The problem with that nd is you will almost always have a nd at that time in the day since it is in between market hours for major players. Definitely a mixed bag of signals right now but we are still seeing strong support(buying) on dips.
  • #12,051
  • Feb 10, 2011 6:43pm Feb 10, 2011 6:43pm
Quoting Sonofsin5
The problem with that nd is you will almost always have a ND at that time in the day since it is in between market hours for major players. Definitely a mixed bag of signals right now but we are still seeing strong support(buying) on dips.
Oh I don't see it this way...to me is not when the volume is low during whatever session you are in, is what the prices is doing "WHEN the volume is low. The way i read VSA is Price action 1st b4 volume. not the other way around.

2ndly ND after signs of strength usually means market have "no interest for now" but loading up when it dips...getting it cheap at support. So might not be a bad thing in this case...

Me stubborn i guess...
  • #12,052
  • Edited 9:41pm Feb 10, 2011 7:02pm | Edited 9:41pm
Quoting kave
My pants are wet now with no test at all after break on U but instead with a ND after UT as seen in 4hrs...back down onto X again but this time with a drive-down to further weakness with increase selling. If support fail on X we could see a break of X with a test. If not it better be another one of those eternal spring back up...

4hr
Attachment
Hi i noticed this chart is a H4.. from what i can remember from the old pages of this thread, some of the vsaers suggested not to read vsa on H4 charts because it is very hard to see the signals correctly.

unless maybe using H4 on a globex chart may work.. but i've never tried that also...

Quoting cosmoras
EU on 1 hour charts zoomed out or 4 hour looks like a kind of H&S built upon 2 last weeks...
Quoting rahulkghosh
If too many people(particularly retailers) are playing the HS on DXY or EURUSD it'll go the other way and we'll blast beyond 1.3850, look at October. On another note DXY has kind of gone parabolic in the last 24 hours.
Can i know what does "H&S", "HS" and "DXY" mean?
---> thanks rahulkghosh for reply in post #12055


Quoting malcolmb14
messy ...buyers here for sure ...BUT I want up move into 1.3660 area for a no demand and awesome sell for
1.3610
1.3540 target
http://www.forexfactory.com/attachme...0&d=1297342288
Mal, I have been following the EU since your post above and all i am seeing is a few times of strength at 1.36.. but price continues to fall after that... would you mind telling where you see all the weakness that is causing this fall?

---> Thanks malcolmb for reply in post #12061
  • #12,053
  • Feb 10, 2011 7:36pm Feb 10, 2011 7:36pm
Quoting Mtm
Hi i noticed this chart is a H4.. from what i can remember from the old pages of this thread, some of the vsaers suggested not to read vsa on H4 charts because it is very hard to see the signals correctly.

unless maybe using H4 on a globex chart may work.. but i've never tried that also...




Can i know what does "H&S", "HS" and "DXY" mean?




Mal, I have been following the EU since your post above and all i am seeing is a few times of strength at 1.36.. but price continues to fall after that... would you mind telling where you see all...
HS= head and shoulders
DXY=dollar index
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #12,054
  • Feb 10, 2011 7:43pm Feb 10, 2011 7:43pm
Quoting Sonofsin5
The problem with that nd is you will almost always have a nd at that time in the day since it is in between market hours for major players...
Time of the day has nothing to do with validity of the signal...If it is ND then it is ND...
The Market pays you to be disciplined
  • #12,055
  • Feb 10, 2011 7:51pm Feb 10, 2011 7:51pm
Quoting mima
Time of the day has nothing to do with validity of the signal...If it is ND then it is ND...
Problem is the TF he used, it's 4h and the supposed ND he saw is from NY close to Asia open, you know this time of the day. The spread will be small and volume will be low, you might call it ND, I think not. If the TF is 5m, I might agree
  • #12,056
  • Feb 10, 2011 8:00pm Feb 10, 2011 8:00pm
Quoting mima
Time of the day has nothing to do with validity of the signal...If it is ND then it is ND...
that's not entirely true. VSA signals after the US close can be misleading. look at the 5PM eastern (22 GMT) hourly bar on EU for the last few days. They are all either ND or NS bars. Use them with care, besides, its best not to open trades during those hours IMO anyways. Similarly use caution with signals right after london close - although they tend to be more accurate since NY is an active session
Change is the only constant
  • #12,057
  • Feb 10, 2011 8:01pm Feb 10, 2011 8:01pm
Quoting duyk20
Problem is the TF he used, it's 4h and the supposed ND he saw is from NY close to Asia open, you know this time of the day. The spread will be small and volume will be low, you might call it ND, I think not. If the TF is 5m, I might agree
There is no problem with TF...If there is problem then problem is with trader.
The Market pays you to be disciplined
  • #12,058
  • Feb 10, 2011 8:05pm Feb 10, 2011 8:05pm
Long at the purple out at the green.
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  • #12,059
  • Feb 10, 2011 8:38pm Feb 10, 2011 8:38pm
all that buying did was take us into 1.3640 ,,then we saw sellers .... it is strength though

I think they are bag holding .... maybe move price all way to 1.3480 even , lets see how next 24 hours plays out


Quoting Mtm
Hi i noticed this chart is a H4.. from what i can remember from the old pages of this thread, some of the vsaers suggested not to read vsa on H4 charts because it is very hard to see the signals correctly.

unless maybe using H4 on a globex chart may work.. but i've never tried that also...




Can i know what does "H&S", "HS" and "DXY" mean?
---> thanks rahulkghosh for reply in post #12055



Mal, I have been following the EU since your post above and all i am seeing is a few times of strength at 1.36.. but price continues to fall after that......
Blogging daily now at www.volume.zone
  • #12,060
  • Feb 10, 2011 8:45pm Feb 10, 2011 8:45pm
Any London or Sydney quants (or people willing to relocate hence) with a good record or quants in training around?

If you are looking for a job PM me, I know of some going and can make introduction.

Don't PM me if you are full of shit.
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