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vsa with Malcolm

  • #12,701
  • Edited 10:51am Feb 16, 2011 10:37am | Edited 10:51am
Quoting Sonofsin5
The Gu was bought again off of 6000 making for a wild day. I am still very bullish on GU and think we may have seen a sucker drop on the pair. The chart posted is 5 min and I very much like a break of 6055 for a long entry. I will be watching this like a hawk, much like traders expecting hawkish comment from certain bankers last night on GU. The ? mark is not for wtf, its meant for are you showing us your hand that easy. We shall see, FOMC minutes later still.
GU H1

Looking for a NS in the next 2 hours ready for the news.

EDIT: LOL just realised it's an EU chart........oh dear!
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  • #12,702
  • Feb 16, 2011 10:48am Feb 16, 2011 10:48am
Iranian warships moving into the suez canal.
  • #12,703
  • Feb 16, 2011 10:52am Feb 16, 2011 10:52am
I would be very careful trading from now till the news. Lots of pre-positioning going on.
  • #12,704
  • Feb 16, 2011 11:06am Feb 16, 2011 11:06am
Quoting Sonofsin5
The Gu was bought again off of 6000 making for a wild day. I am still very bullish on GU and think we may have seen a sucker drop on the pair. The chart posted is 5 min and I very much like a break of 6055 for a long entry. I will be watching this like a hawk, much like traders expecting hawkish comment from certain bankers last night on GU. The ? mark is not for wtf, its meant for are you showing us your hand that easy. We shall see, FOMC minutes later still.
Up date, Still in, stop +1.
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  • #12,705
  • Feb 16, 2011 11:09am Feb 16, 2011 11:09am
Help from experts.

I'm long on both eu and gu with large profits. Both at be. Better take profit and go to siesta or risk all and wait for the news ?
  • #12,706
  • Feb 16, 2011 11:10am Feb 16, 2011 11:10am
After multiple BE stop outs on longs (and shorts), I was able to get in at the support on a 5M @ 1.351 wasn't really a NS from what I could read. Took half-off up at this 50% point because, well, the wolf market is in play. I think we've in large part gotten here due to USD weakness.

If we get past this 50% of the 1.374 drop - and we're likely to due to NY lunch & pre-FOMC - upwards bullishness is opened up: the test down to 1.3462 has now held 2x, and we're moving into that sphere of higher highs. Regardless, I'm taking 50 or so pip chunks out, due to recent day's whipping.

If I recall last FOMC minutes produced barely 15 pips either way at announce time; this time may be different. I'm sitting back and watching USDJPY closely - nice TL/channel trades possible there.
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  • #12,707
  • Feb 16, 2011 11:19am Feb 16, 2011 11:19am
Some people sometimes say that, Smart money sometimes slaps you in the face and tells you your bus is coming...

http://i865.photobucket.com/albums/a...0mpostcard.jpg
  • #12,708
  • Feb 16, 2011 11:19am Feb 16, 2011 11:19am
Quoting Sonofsin5
Up date, Still in, stop +1.

Took profit at 20. Fomc and pins on 5 with volume enough to shake me out. Wat a trading day for volatility and VSA principles.
  • #12,709
  • Feb 16, 2011 11:21am Feb 16, 2011 11:21am
Quoting amletit
Help from experts.

I'm long on both eu and gu with large profits. Both at be. Better take profit and go to siesta or risk all and wait for the news ?
Well, who is the expert to answer on this one?
The Market pays you to be disciplined
  • #12,710
  • Feb 16, 2011 11:25am Feb 16, 2011 11:25am
Quoting mima
Well, who is the expert to answer on this one?
LOL

question is naif, but i'm devoured by indecision


on eu i'm now +48 so it may be sufficient not to be shaken out....or may be not
  • #12,711
  • Feb 16, 2011 11:34am Feb 16, 2011 11:34am
Quoting amletit
LOL

question is naif, but i'm devoured by indecision


on eu i'm now +48 so it may be sufficient not to be shaken out....or may be not
Well, If no other expert answer you then you will become expert too because you will answer to yourself...it so easy to become expert isn't it?
The Market pays you to be disciplined
  • #12,712
  • Feb 16, 2011 11:40am Feb 16, 2011 11:40am
Quoting mima
Well, If no other expert answer you then you will become expert too because you will answer to yourself...it so easy to become expert isn't it?
I have answered myself. I we are above 3575 and 6080 before news i'll stay in, otherwise i'm out.
  • #12,713
  • Feb 16, 2011 11:40am Feb 16, 2011 11:40am
Quoting amletit
LOL

question is naif, but i'm devoured by indecision


on eu i'm now +48 so it may be sufficient not to be shaken out....or may be not
YOU entered a trade with no clue where you would be getting out? I am no expert but here is some expert advice:

Plan your trade and trade your plan.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #12,714
  • Feb 16, 2011 11:45am Feb 16, 2011 11:45am
Quoting HiddenGap
YOU entered a trade with no clue where you would be getting out? I am no expert but here is some expert advice:

Plan your trade and trade your plan.
I was just waiting for eventual break of 3575 and 6080.
  • #12,715
  • Feb 16, 2011 11:52am Feb 16, 2011 11:52am
Quoting amletit
I was just waiting for eventual break of 3575 and 6080.
Im no expert but il tell you what i would do,close about 20-30% of the position,then mark a point where i would close the next 20% and let the rest 50% run to some point,thats all at be now that you are in profit
  • #12,716
  • Feb 16, 2011 11:56am Feb 16, 2011 11:56am
Quoting amletit
I was just waiting for eventual break of 3575 and 6080.
Check the chart for a low volume (volume less than the previous two) down bar and move your stop a tick or two below that.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #12,717
  • Feb 16, 2011 12:01pm Feb 16, 2011 12:01pm
homework well done pete.

Quoting pete148
Some people sometimes say that, Smart money sometimes slaps you in the face and tells you your bus is coming...

http://i865.photobucket.com/albums/a...0mpostcard.jpg
  • #12,718
  • Feb 16, 2011 12:04pm Feb 16, 2011 12:04pm
Quoting HiddenGap
Check the chart for a low volume (volume less than the previous two) down bar and move your stop a tick or two below that.
Thanks. I'm trying to become more confident, get at be when i have a good profit and let it run untill market tells me direction is changing. Exits are much more difficult than entries
  • #12,719
  • Feb 16, 2011 12:17pm Feb 16, 2011 12:17pm
depending on the timeframe and target u have but very powerful trailing systemn. if u are long allow for one downbar, if u have two downbars in a row close out.

vice versa for shorts.

i like it on the 2hr+ tfs and daily.

Quoting amletit
Thanks. I'm trying to become more confident, get at be when i have a good profit and let it run untill market tells me direction is changing. Exits are much more difficult than entries
  • #12,720
  • Feb 16, 2011 12:18pm Feb 16, 2011 12:18pm
if eu slap me down again into 1.3500 I am gonna be pissed

DX no demands x 2 on daily, today ut 4 hour

eu test on daily monday awesome test of that today on stopping volume 60 min

this smells of accumulation.... been waiting all week for my 400 pip lol..maybe i will adjust it to 800 for next 2 weeks...
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