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  • #386,381
  • Feb 14, 2011 8:26am Feb 14, 2011 8:26am
Quoting DBallerz
I think they could care less about retail money...
/facepalm.
  • #386,382
  • Feb 14, 2011 8:27am Feb 14, 2011 8:27am
Quoting cloggie
You clearly missed the sarcasm aimed at a few posters above here who felt safe to either take this as the end of the retrace or as the continuance without any confirmation, only based on a number.
And what would be the perfect confirmation?
  • #386,383
  • Feb 14, 2011 8:29am Feb 14, 2011 8:29am
Quoting CandleStar
And what would be the perfect confirmation?

I gave the heads up, we are entering a range here, so a break of that would be the safer trade, not an anticipated entry. But that is just me, I'd rather foresake a few pips on the kneejerk and enter at a safer entry.
  • #386,384
  • Feb 14, 2011 8:30am Feb 14, 2011 8:30am
Quoting Venice
/facepalm.
lol totally missed it. I can't tell apart intelligent posters and gamblers on this thread. New to this thread.
  • #386,385
  • Feb 14, 2011 8:30am Feb 14, 2011 8:30am
Quoting CandleStar
And what would be the perfect confirmation?
Easy. Price has moved with conviction in the direction it intends to go.
  • #386,386
  • Feb 14, 2011 8:30am Feb 14, 2011 8:30am
welcome back to channel...bounce off daily tl....
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Money is made by sitting, not trading. Jesse L. Livermore
  • #386,387
  • Feb 14, 2011 8:30am Feb 14, 2011 8:30am
Quoting detailas
?????
I got 23.6% / 3457, 38.2% / 3476, 50% / 34.91 and 61.8% / 3507.

I see this loads of times here. The 0% is the start of the move, the 100 is the end. Pretty obvious if you look at it that way. No big deal really, you still get the same value number, as the retrace ratios are mirrored, just semantics.
  • #386,388
  • Feb 14, 2011 8:30am Feb 14, 2011 8:30am
no man's land, hovering around minor tl and ws1 mid point of up leg...
  • #386,389
  • Feb 14, 2011 8:31am Feb 14, 2011 8:31am
Quoting DBallerz
lol totally missed it. I can't tell apart intelligent posters and gamblers on this thread. New to this thread.
stay away from it, it just will reduce your trading profits : p
Hero calls followed by margin calls...
  • #386,390
  • Feb 14, 2011 8:32am Feb 14, 2011 8:32am
last chart for now going out of town


playing around the 200 on m1


let come to u dont chase it


see u later crackforex heads good luck still ema200 on D the target
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  • #386,391
  • Feb 14, 2011 8:32am Feb 14, 2011 8:32am
Quoting DBallerz
lol totally missed it. I can't tell apart intelligent posters and gamblers on this thread. New to this thread.

With me you got to read between the lines quite often. I stopped giving exact scenarios, only do that occasionally (last Friday was a case in point) just provide food for thought and a reader can do what he or she wants with it. If I can get a few more retailers to think before they trade then I have accomplished my aim.
  • #386,392
  • Feb 14, 2011 8:34am Feb 14, 2011 8:34am
phanti

http://www.spiegel.de/wirtschaft/unt...745240,00.html

btw: ihs on M5 with target around 3510.
  • #386,393
  • Feb 14, 2011 8:34am Feb 14, 2011 8:34am
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #386,394
  • Feb 14, 2011 8:35am Feb 14, 2011 8:35am
Quoting Magix
Dude, just because I question the use of volume, doesn't mean I have no comprehension of trading...

But, lets use your words and a chart that Mal posted that I have aptly named ambiguity for a sample...

1. Ultra High Volume
2. Signs of weakness
3. Possible Entry on weakness
4. Possible Entry on weakness
5. Reffering to the Trend line that would have roasted a short position on this chart.
6. Showing how price is falling like rain which goes along with
7. Lowest volume bars on the chart.

So, using this as an example, you are either in assumption...
Hi guys, I dont post here as a rule so I wont waste your time too much.

I just wanted to comment on a post which Magix made a little while back (it's directed more at Magix than anyone). Several of you were commenting on Malcolm and VSA in general, when Magix posted an explaination of why trading a particular chart (one of Malcolms own)according to VSA was not a good idea.

It is obvious from his post that Magix knows at least the basics about VSA. So firstly, I'd like to thank him for not rubbishing something he knows nothing about. There are WAY too many people who do that (for any system/method).

So to the meat of it. I have used my own chart for that period. None of the entries suggested by Magix are backed up by VSA. So to say that they might not have worked if they had been taken, is niether here nor there. I have noted the correct interpretation of the chart according to my VSA knowledge. Of couse this is in hindsight which is always 20/20 no matter what method you use. But the findings are valid I can assure you. The only entries are on the break of the low of 1 any of the 4 NDs which I have marked. The last of them might be the best entry.

This area of the chart is littered with weakness but, as always, finding the best entry/exit point is crucial.

Just for interest sakes, since this area of weakness at around 3700 (as called by Malcolm), price has fallen by almost 300 pips without answer. Smart Money had previously loaded heavily and have exited in 4 major bouts on the way down (easily seen when you can read VSA). They have also started loading up for longs again.

I say the above, not to defend Malcolm (he's quite capeable of doing that himself) but, to show that VSA if not learn't correctly, will always look like a load of rubbish. However, if learnt correctly, is a very powerful tool in a traders armoury.
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  • #386,395
  • Feb 14, 2011 8:36am Feb 14, 2011 8:36am
Quoting cloggie
I gave the heads up, we are entering a range here, so a break of that would be the safer trade, not an anticipated entry. But that is just me, I'd rather foresake a few pips on the kneejerk and enter at a safer entry.
Yup, got it, thanks a lot. I was just asking for the case that you could be ill in the future or have other reasons to not give a call -
  • #386,396
  • Feb 14, 2011 8:38am Feb 14, 2011 8:38am
long @3457 but its struggling to take off !
  • #386,397
  • Feb 14, 2011 8:39am Feb 14, 2011 8:39am
Quoting cloggie
I see this loads of times here. The 0% is the start of the move, the 100 is the end. Pretty obvious if you look at it that way. No big deal really, you still get the same value number, as the retrace ratios are mirrored, just semantics.
you r right, if you do the fib the other way (bottom to top), you get the same values, but inverse percentage retracements.

however, theoretically which is a bigger retrace when talking percentages? 38.2% or 61.8%? i prefer to say 61.8%, that's why we got inverted percentages..

Anyhow, "no biggie" big C.
  • #386,398
  • Feb 14, 2011 8:39am Feb 14, 2011 8:39am
Quoting Mr Hatch
phanti

http://www.spiegel.de/wirtschaft/unt...745240,00.html

btw: ihs on M5 with target around 3510.
teaseeee -.-


^^
Hero calls followed by margin calls...
  • #386,399
  • Feb 14, 2011 8:41am Feb 14, 2011 8:41am
Quoting kill56
last chart for now going out of town


playing around the 200 on m1


let come to u dont chase it


see u later crackforex heads good luck still ema200 on D the target
Will test the one on 5min I think
  • #386,400
  • Feb 14, 2011 8:42am Feb 14, 2011 8:42am
Quoting cloggie
With me you got to read between the lines quite often. I stopped giving exact scenarios, only do that occasionally (last Friday was a case in point) just provide food for thought and a reader can do what he or she wants with it. If I can get a few more retailers to think before they trade then I have accomplished my aim.
You sure did - and I for one appreciate it.
Wish you could do it more often, you've been a great 'eye opener'.
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