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vsa with Malcolm

  • #12,801
  • Feb 16, 2011 7:55pm Feb 16, 2011 7:55pm
the reason for 3610 is it is 15 pip above the high of the nfp 8 hour bar... that is the level I am interested in , also my tl is a little different form yours , and 1.3615 is just above the utl... but thanks for looking after my best interests

Quoting Magix


I really am, aren't I....

Buwahahahahahahaha....



Well, dude...you are well aware that no trader would take a trade based on a single indicator...but hey, let's just walk back a couple o days here...
http://www.forexfactory.com/showpost...stcount=385497



As if you are..but really, I have said before, nobody would show up to this place if all we saw was one opinion and 14 pages of other traders replying...

"Yep"

Trade well brother...just figured the utl was worth a mention...

Blogging daily now at www.volume.zone
  • #12,802
  • Feb 16, 2011 7:56pm Feb 16, 2011 7:56pm
1.3560 i think that is the level ? i agree
Quoting duyk20
Mal, with such a big volume spike up last hour of London yesterday and fail to break the resistance level, I believe that price will come back and test the previous support at least one more time, could well be today. What do you think?
Blogging daily now at www.volume.zone
  • #12,803
  • Feb 16, 2011 8:01pm Feb 16, 2011 8:01pm
this was a good spot by a trader today

Look at this .... high volume in the right place .... now we look for an up move and then a test of 53 to 53.5 area for a long entry fpr 56 ish. A good option trade on this could net 400 %

Attached Image (click to enlarge)
Click to Enlarge Name: eu132.png Size: 158 KB
Blogging daily now at www.volume.zone
  • #12,804
  • Feb 16, 2011 8:03pm Feb 16, 2011 8:03pm
Quoting malcolmb14
1.3560 i think that is the level ? i agree
No, I'm talking about 1.3470 because the last upmove volume is higher than the previous volume that made the down move, so I think the selling pressure is still intact. Expect another ranging day..
  • #12,805
  • Feb 16, 2011 8:05pm Feb 16, 2011 8:05pm
1.3610 just triggered
  • #12,806
  • Feb 16, 2011 8:17pm Feb 16, 2011 8:17pm
Quoting malcolmb14
Newb question.... what pair is fibre ?
LOL, you're kidding right malc..

it's EU bro.. cheers.
  • #12,807
  • Feb 16, 2011 8:21pm Feb 16, 2011 8:21pm
not much selling pressure in this chart

Attached Image (click to enlarge)
Click to Enlarge Name: eu133.png Size: 182 KB




Quoting duyk20
No, I'm talking about 1.3470 because the last upmove volume is higher than the previous volume that made the down move, so I think the selling pressure is still intact. Expect another ranging day..
Blogging daily now at www.volume.zone
  • #12,808
  • Feb 16, 2011 8:22pm Feb 16, 2011 8:22pm
wrong time for me to add .... I only will add in US session on a test

Quoting willkohsg
1.3610 just triggered
Blogging daily now at www.volume.zone
  • #12,809
  • Feb 16, 2011 8:25pm Feb 16, 2011 8:25pm
Quoting malcolmb14
not much selling pressure in this chart

Attachment
The stopping volume next to second line obviously contains seller there. Let see how the market plays out I certainly believe long term bullish but today might be another range day.
  • #12,810
  • Feb 16, 2011 8:44pm Feb 16, 2011 8:44pm
Quoting malcolmb14
wrong time for me to add .... I only will add in US session on a test
ok thanks for advice
  • #12,811
  • Feb 16, 2011 9:33pm Feb 16, 2011 9:33pm
that was at days range .. also look at reaction to market when bottom of that bar was tested

If you can and there is reason to get long 1.3550 to 1.3560 tp 100 pip to 120 pip for next 24 hours

Quoting duyk20
The stopping volume next to second line obviously contains seller there. Let see how the market plays out I certainly believe long term bullish but today might be another range day.
Blogging daily now at www.volume.zone
  • #12,812
  • Feb 16, 2011 9:35pm Feb 16, 2011 9:35pm
Quoting duyk20
The stopping volume next to second line obviously contains seller there. Let see how the market plays out I certainly believe long term bullish but today might be another range day.
I think I agree with you, I think we might at least see the 3400 area - currently I also assume it's still in a range unless 3400 break to the downside.
  • #12,813
  • Feb 16, 2011 9:41pm Feb 16, 2011 9:41pm
Quoting malcolmb14
that was at days range .. also look at reaction to market when bottom of that bar was tested

If you can and there is reason to get long 1.3550 to 1.3560 tp 100 pip to 120 pip for next 24 hours
To confirm your theory malc, lets see how swissy will reacts towards the 50% 4h. As you can see.. it got rejected once it reached 50%. If your theory right, we will see breakout of the 50% by today.

Due to the news (the israel and the iran war ships) we seen a $ sell off yesterday but technically, it still valid for uptrend. Since I expect swissy still has some room to the upside, I think EU will move down. Just my 2 cents malc.
Attached Image (click to enlarge)
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  • #12,814
  • Feb 16, 2011 10:00pm Feb 16, 2011 10:00pm
vsa not in agreement with you .It is not me .... I understand vsa pretty well and for now charts are telling me still buy dips. My bet is top of bull flag is taken out in next 24 hours 1,3750 next 48

Quoting A-speculator
To confirm your theory malc, lets see how swissy will reacts towards the 50% 4h. As you can see.. it got rejected once it reached 50%. If your theory right, we will see breakout of the 50% by today.

Due to the news (the israel and the iran war ships) we seen a $ sell off yesterday but technically, it still valid for uptrend. Since I expect swissy still has some room to the upside, I think EU will move down. Just my 2 cents malc.
Blogging daily now at www.volume.zone
  • #12,815
  • Feb 16, 2011 10:04pm Feb 16, 2011 10:04pm
Quoting Magix
.......Well, dude...you are well aware that no trader would take a trade based on a single indicator...
If you are an indicator based trader maybe. But, what about those who don't use inducators to trade?
  • #12,816
  • Feb 16, 2011 10:10pm Feb 16, 2011 10:10pm
Quoting malcolmb14
vsa not in agreement with you .It is not me .... I understand vsa pretty well and for now charts are telling me still buy dips. My bet is top of bull flag is taken out in next 24 hours 1,3750 next 48
I understand you malc, just my thoughts..

Anyway, what is your view regarding the swissy? By the way, GU also currently forming a perfect breakout retest pattern - meaning more downside exposure. Currently, I suspect both Gu and EU are in a range. Due to that, I think upward exposure for EU will be limited at around 3615 because of tenkan-sen at daily (ichimoku stuff).
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  • #12,817
  • Feb 16, 2011 10:13pm Feb 16, 2011 10:13pm
EU H1 and M15

Shorting opportunity. Keep this one tight tho.
  • #12,818
  • Feb 16, 2011 10:22pm Feb 16, 2011 10:22pm
Quoting Intel
EU H1 and M15

Shorting opportunity. Keep this one tight tho.
Chart
Attached Image (click to enlarge)
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  • #12,819
  • Feb 16, 2011 10:27pm Feb 16, 2011 10:27pm
Quoting Intel
If you are an indicator based trader maybe. But, what about those who don't use inducators to trade?
So, exactly what are you using then?

I did read through your reply on the EU thread, but never bothered to answer...

Reason being, it was, well, lets just say it...Completely worthless.

If you want to study in hindsight, you provided an excellent post, but in the grand scheme of life and all things being equal, you are going to need a few more tools in your chest to make it in the trade world.

No disrespect meant, but I really don't consider you a trader as much as I would consider you a Mallerina...get it? like Ballerina but following the rules of VSA with brother Mal...

K, so, throw out the indicators and draw a line...

Gather together your own H4 chart and run a line from the previous tips...what do you see?

Should be about the same point on the chart...

Now, this isn't me saying this, it is a general rule of follow price action, no matter what system or idea of trades you follow...there is a critical line...

IF price closes above it, take your longs and feel safe unless we cross below, until then, we have had 3 weeks of selling every spike high on the chart.

Now, I seen you reiterate my words on watching the H1 last night, but am pretty sure you had no idea what you were even looking for until after it happened.

Kewl...

Do everybody a favor and don't try do what I do and nugget tops and bottoms, play safe trades and take profit...

But there was a specific reason I mentioned the charts I did and the time frames to correspond, if you followed, you would have woken up much like I did, a little richer then when I went to bed.

I play all time frames, take scads of trades, do not use volume as an indicator but will not discount its value.

In this game, where others are lost, there is a road map to follow, it is a matter of if you choose to follow it.

Continue on with your VSA studies, there is an abundance of information that you will be able to add to your trading, but know that there are also other systems, methods and strategies that will allow you to profit.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #12,820
  • Feb 16, 2011 10:55pm Feb 16, 2011 10:55pm
Quoting Intel
EU H1 and M15

Shorting opportunity. Keep this one tight tho.
Already posted it in the AMT thread, but here's the 5 min chart.
Attached Image (click to enlarge)
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