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vsa with Malcolm

  • #12,161
  • Feb 11, 2011 9:35pm Feb 11, 2011 9:35pm
Weekly GLD Gold ETF rolled over found support with stopping volume, but the most recent and last two no demand bars indicate weakness has not gone away.

http://stockcharts.com/h-sc/ui?s=GLD...d=p04683103384
http://www.barchart.com/chart.php?sy...11%2F2011#jump
  • #12,162
  • Feb 11, 2011 9:40pm Feb 11, 2011 9:40pm
Quoting HIFX
The Chinese Dragon has been asleep for many genarations,they have been playing the long game for a long ,long time.
Between them (saudi,Japan and a few sleepers) they firtualy own the US.
How much longer can the US print money willy nilly before the chikens come home home to roost.
The Chinese are now making in roads to Africa and its corrupt leadership
a nation waiting to be raped once again for its rich untaped mineral resource and capacity to produce food in the right hands,not to mention the Chinese market for rare animal remidies.Tiger...
i heard that one us congressman was gettign bribed by saudis to approve the sale of a major highway in us,saudis are the new rothschilds,
but china wants to replace the dollar with sdr's ,so they can be assured that the usa will pay them the debt
geithner many times threatend china that they will default on its debt if china doesnt lend usa more money ,so pretty much most of chinas foreign reserves are in us bonds,just getting ready to explode if usa defaults,
smart thing chinese have done in europe was to buy bonds from eurunion which are backed by gold,so if ireland and coutnries default they get eurounion's gold

the interesting thing about sdr's is if china wants its yuan to be part of it ,they need to release yuan worldwide,which of course would make it easier to be manipulated by foreign entities
  • #12,163
  • Feb 11, 2011 9:43pm Feb 11, 2011 9:43pm
last one before the weekend break...EU daily. nothing close to looking bearish IMO...looks a lot more like bullish volume to me...but alas it could still go down to absorb the selling...
Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 2011-02-11 at 10.37.01 PM.png Size: 84 KB
Change is the only constant
  • #12,164
  • Feb 11, 2011 9:48pm Feb 11, 2011 9:48pm
Quoting HIFX
Ranting and raving ,sorry wrong forum to do this
Keep it simple dude.

The reason we all come here to read Malc forum is in search of simplicity, due to the fact that we have a tendency to "not seeing the forest for the trees".

But if readers here (especially newbies like me) were to bash through a jungle( like FF), sieve through the whole lot & still find more jungle to be sieve..well u get gist.

Cheers mate..
  • #12,165
  • Feb 11, 2011 9:57pm Feb 11, 2011 9:57pm
Quoting tgwhbb
not sure what to call that bar - and the name does not matter either- , but its times like that where you want to zoom out a bit for clarity. If oyu look at the M15, you essentially have a UT bar - a bar with massive relative volume that closes in the lower part of its range which could not close above the previous swing high from around 2:30 AM. On the M5 that UT manifests itself in 3 bars, which can be tricky to spot.
Thank you. That's good advice. The VSA speculator must always keep the back ground in mind to be aware of the dominant market influence, and that is often done best on longer time period bar charts.

(OT: I just finished reading "Tape Reading and Market Tactics: The Three Steps to Successful Stock Trading" by Humphrey B. Neill. This book is worth the price. Neill was a profitable volume oriented tape reading speculator in the 20's and 30's. His method has much in common with Ted Williams VSA. Link to book >

http://www.amazon.com/Tape-Reading-M...7482649&sr=8-1

)

Many Thanks and Best Wishes Too

  • #12,166
  • Feb 11, 2011 10:17pm Feb 11, 2011 10:17pm
Kave,

You are right ma caraid (Gaelic for my friend) keep it simple, as i said i was in rant mode i just thought that i was with like minded people i would fire one off.
hifx
  • #12,167
  • Feb 11, 2011 10:18pm Feb 11, 2011 10:18pm
M (Macy's NYSE) daily chart shows a swing high into former support turned resistance where three bars back an UT then two ND bars. Looks like an it will soon be an easy short for 3 or more points.

http://stockcharts.com/h-sc/ui?s=M&p...=4&a=115524891
  • #12,168
  • Feb 12, 2011 12:41am Feb 12, 2011 12:41am
Quoting rbumbalough
Hello Friends. This is a 5M chart of the top on 7th of February from 0300 to 0800 GMT+1. What is the VSA name of bar D? I'm likely wrong but, I do not think it is an Effort to Move Up because of its low TA. (edit: On second thought, it could be a trap up bar. The low TA would imply that sellers momentarily stepped aside. A horizontal line drawn from A would have made a handy target for bullish buy stops or bearish sell limits.) What do you think?

Many Thanks and Best Wishes Too
Your bar "D" is a "No Buying Pressure".

"No Buying Pressure" would be price rising with limited evidence of upside pressure as shown by the low volume (no buying).

Refer to MTM for "No Selling Pressure" showing limited evidence of downside pressure of the market is effectively falling on low volume (no selling).
Then you will understand that "No Buying Pressure" is just the opposite of "No Selling Pressure".
  • #12,169
  • Feb 12, 2011 1:46am Feb 12, 2011 1:46am
you do not see retailers acitivity.

the silver future says all.

it is always the same principle, since decades. gold is well known and ripped, while it began to make less progress and distribution kicked in, silver began to run up and follow gold. in november silver got hit hard and there is no way this does not lead to a correction in the next months.

same in stock indices. the bluechips are the first in distribution mode after, by making less upside progress whilst the other stocks in an index follow up before getting distributed.

Quoting stewrigh
Could it be retailers hedging their silver stock.
  • #12,170
  • Feb 12, 2011 1:49am Feb 12, 2011 1:49am
dragan, please. it seems you are overwhelmed since stumbling across forexlive, which btw. is paid by FXDD, but please stick with all those "i heard" comments quoting forexlive to your thread.

Quoting dragan53
i heard that one us congressman was gettign bribed by saudis to approve the sale of a major highway in us,saudis are the new rothschilds,
but china wants to replace the dollar with sdr's ,so they can be assured that the usa will pay them the debt
geithner many times threatend china that they will default on its debt if china doesnt lend usa more money ,so pretty much most of chinas foreign reserves are in us bonds,just getting ready to explode if usa defaults,
smart thing chinese have done in europe was to buy bonds from eurunion which are backed...
  • #12,171
  • Feb 12, 2011 2:19am Feb 12, 2011 2:19am
Quoting Dr.Geppynius
dragan, please. it seems you are overwhelmed since stumbling across forexlive, which btw. is paid by FXDD, but please stick with all those "i heard" comments quoting forexlive to your thread.
they are alright
thanks for advice,the other stuff of my post comes from news sources,and max keiser former wall street broker,economist activist

i dont mean to promote them or anything,
but its interesting that the price yesterday stopped buying when it hit larger offers
i was learning stuff like finding liqidity from orders from the orderflow thread
anyway
vsa need lots of info
i find the order book and counting volume rise/fall relative to price move the most important in m1 trading,and session opens,
esp the london open
just taught ill share this with vsa people who see the forexworld as it is
  • #12,172
  • Feb 12, 2011 2:23am Feb 12, 2011 2:23am
Quoting rbumbalough
Thank you. That's good advice. The VSA speculator must always keep the back ground in mind to be aware of the dominant market influence, and that is often done best on longer time period bar charts.

(OT: I just finished reading "Tape Reading and Market Tactics: The Three Steps to Successful Stock Trading" by Humphrey B. Neill. This book is worth the price. Neill was a profitable volume oriented tape reading speculator in the 20's and 30's. His method has much in common with Ted Williams VSA. Link to book >

http://www.amazon.com/Tape-Reading-M...7482649&sr=8-1

)

Many...
davidfullet teaches people on his site about whyckoff methods
free webinars too
hes a cme broker
http://www.ltg-trading.com/

i learned many things from him
check it out
  • #12,173
  • Feb 12, 2011 2:27am Feb 12, 2011 2:27am
Quoting HIFX
The Chinese Dragon has been asleep for many genarations,they have been playing the long game for a long ,long time.
Between them (saudi,Japan and a few sleepers) they firtualy own the US.
No, they don't. Think about it some more.
  • #12,174
  • Feb 12, 2011 2:39am Feb 12, 2011 2:39am
Quoting Beljevina
I just ran a weekly chart print, and wanted to post for pondering.

Check those now 3 weeks worth of wicks ...
LOL

I make it a rule to NEVER short after 3 mini upthrusts in a row. Price VERY often goes up next. I see this as a SM tactic.
  • #12,175
  • Feb 12, 2011 4:23am Feb 12, 2011 4:23am
Daily spot indicates strength, less vol on second test, so futures traders positioned and eur futures got bought imho in anticipation of higher prices- higher vol on friday.

no better charts at my hands currently.

http://i.imgur.com/jUmuj.jpg

http://i.imgur.com/rpwNU.jpg
  • #12,176
  • Feb 12, 2011 5:26am Feb 12, 2011 5:26am
Quoting Dr.Geppynius
Daily spot indicates strength, less vol on second test, so futures traders positioned and eur futures got bought imho in anticipation of higher prices- higher vol on friday.
lol your phone has trend lines..

I have a round about VSA theory question if anyone cares to take a stab at...

The last three weeks is this a continuation/ second accumulation of euro?

In the last few accumulation periods that we had, the price seemed to take off with out looking back after the period, this time around we had a break out then started having this price fluxuation for the past three weeks.

Long term we looking at .52-.53 which is a steep climb. So is that why we have been seeing what we have for the last few weeks, or is there something else... Maybe this falls under the sometimes S%*# happens folder?
  • #12,177
  • Feb 12, 2011 7:04am Feb 12, 2011 7:04am
Quoting HIFX
Kave,

You are right ma caraid (Gaelic for my friend) keep it simple, as i said i was in rant mode i just thought that i was with like minded people i would fire one off.
You an Irish i presumed? I love those songs & still love them today Clannad & all...

Abair ach beagan agus abair gu math e. (Say but little & say it well)

  • #12,178
  • Feb 12, 2011 7:16am Feb 12, 2011 7:16am
Quoting kave
You an Irish i presumed? I love those songs & still love them today Clannad & all...

Abair ach beagan agus abair gu math e. (Say but little & say it well)

my commuciations tacher just told me that wales has its own language
cool language man,sounds a bit like harry potter magic language
  • #12,179
  • Feb 12, 2011 7:40am Feb 12, 2011 7:40am
It's actually "mo chara" unless it's not Irish gaelic you're talking about
  • #12,180
  • Edited 8:26am Feb 12, 2011 8:01am | Edited 8:26am
Quoting foxybunny
Your bar "D" is a "No Buying Pressure".

"No Buying Pressure" would be price rising with limited evidence of upside pressure as shown by the low volume (no buying).

Refer to MTM for "No Selling Pressure" showing limited evidence of downside pressure of the market is effectively falling on low volume (no selling). Then you will understand that "No Buying Pressure" is just the opposite of "No Selling Pressure".
Good Morning. Thank you. I had forgotten the "No Selling Pressure" concept. Its good to read books. MTM & Undeclared Secrets await. Off I go. Many Thanks and Best Wishes Too.

(edit: No Selling Pressure is described in the Tradeguider Indicators Guide as

"1. No selling pressure
This can appear as a failed test. A failed test looks like an ordinary test but the volume is too high. Markets do no like high volume when the spreads are wide. The high volume shows supply. The question is are the marketmakers willing to absorb the supply.

Supplementary Comments:
The following bars should tell you: Low volume up-bars: The market is not going up very far right now, and will want to test the high volume area.
Up-Thrusts: The market still looks weak. A sudden wide spread down bar closing on the lows is a sign of weakness as the marketmakers attempt to lock in traders into poor positions."

There were several high~ish TA test bars in the hour prior to low TA wide spread up-bar D. EU came down pretty good right after D tagged the top at A from 5 hours earlier and made a three bar reversal. The no selling pressure then was in the high TA tests and culminated in "no buying pressure" at D.

Thanks again for your good observation.)
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