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vsa with Malcolm

  • #12,841
  • Edited Feb 17, 2011 12:09am Feb 16, 2011 11:57pm | Edited Feb 17, 2011 12:09am
Quoting Dr.Geppynius
it seems that i miss all the muppetilicious discussions going on here while i am a sleeping german

welcome to our new, arguing residents

LOL - what have I been missing?........verbose varbage from a sleepy Dr G and HG breaking into song and waxing lyrical about thrusting and climaxes......am I in the right site or did I press the sex button http://www.forexfactory.com/images/icons/icon11.gif

PS Eitherway, the alert 5 min traders will have seen the pre Frankfurt Open selling climax in the Euro and pirated 20 or so long pips and they might also have noticed Cable's thrust into resistance that was quickly rejected for a 20 pip drop......both in nice harami's
Trading Levels with WRBs
  • #12,842
  • Feb 17, 2011 12:27am Feb 17, 2011 12:27am
3535

3520

to be watched on 3550 failure.
  • #12,843
  • Feb 17, 2011 12:43am Feb 17, 2011 12:43am
This is what i watch for now

To get in with a long if there is any reason for that
Attached Image (click to enlarge)
Click to Enlarge Name: chart 17.jpg Size: 202 KB
Work smart not hard
  • #12,844
  • Feb 17, 2011 12:47am Feb 17, 2011 12:47am
Also this might be our Trigger for today

Please tell me if i am wrong
Attached Image (click to enlarge)
Click to Enlarge Name: chart 20.jpg Size: 207 KB
Work smart not hard
  • #12,845
  • Feb 17, 2011 12:53am Feb 17, 2011 12:53am
[quote=Dr.Geppynius;4406013]it seems that i miss all the muppetilicious discussions going on here while i am a sleeping german

Attached Image (click to enlarge)
Click to Enlarge Name: 800px-European_flag,_upside_down.svg.png Size: 20 KB
  • #12,846
  • Feb 17, 2011 1:27am Feb 17, 2011 1:27am
very interesting shakeout attempt in terms of symmetry and the spot- upchan low tl.

http://i.imgur.com/83YsU.png

http://i.imgur.com/WvOV9.png
  • #12,847
  • Feb 17, 2011 1:57am Feb 17, 2011 1:57am
Ok i am long eurusd

1.3570

Sl 1.3555

Sorry SL 1.3450
Work smart not hard
  • #12,848
  • Feb 17, 2011 2:02am Feb 17, 2011 2:02am
unless your stop is in the 3520 area, there is risk of getting shaken out in the 2hr bars range.

Quoting sony
Ok i am long eurusd

1.3570

Sl 1.3555
  • #12,849
  • Feb 17, 2011 2:10am Feb 17, 2011 2:10am
Quoting Dr.Geppynius
unless your stop is in the 3520 area, there is risk of getting shaken out in the 2hr bars range.

Ok thanks Dr. G

Than my entry was a bit early ..

I try to keep stops from 25 til 35 pips not more

I will get out now and open twice smaller position in that case so will be able to get bigger SL..

SL in this case is 1.3520
or 50 pips
Work smart not hard
  • #12,850
  • Feb 17, 2011 2:13am Feb 17, 2011 2:13am
thats the way to do it. the position size always depends on the stop. fixed stops do not make that much sense, you have to place them in a spot where they most likely do not get hit, 3555 imho is an invitation to the broker to grab it. longs are way more favorable, but we are in the mid of this big bars range, so even tough you are right, you might get stopped out.

Quoting sony
Ok thanks Dr. G

Than my entry was a bit early ..

I try to keep stops from 25 til 35 pips not more

I will get out now and open twice smaller position in that case so will be able to get bigger SL..

SL in this case is 1.3520
or 50 pips
  • #12,851
  • Feb 17, 2011 2:20am Feb 17, 2011 2:20am
Quoting Dr.Geppynius
thats the way to do it. the position size always depends on the stop. fixed stops do not make that much sense, you have to place them in a spot where they most likely do not get hit, 3555 imho is an invitation to the broker to grab it. longs are way more favorable, but we are in the mid of this big bars range, so even tough you are right, you might get stopped out.
Thanks
Work smart not hard
  • #12,852
  • Feb 17, 2011 2:25am Feb 17, 2011 2:25am
Dr Affenlieber what is the best moment tto go be in your opinion? A fixed amount of pips or after some kind of reaction?
  • #12,853
  • Feb 17, 2011 2:30am Feb 17, 2011 2:30am
depends on your target. i am interested in runners, taken from good spots. i often put stop b/e at 30p or after i have taken a part of the position off.

Quoting amletit
Dr Affenlieber what is the best moment tto go be in your opinion? A fixed amount of pips or after some kind of reaction?
  • #12,854
  • Feb 17, 2011 2:31am Feb 17, 2011 2:31am
I have been waiting big down move for EU, because of those weekly bars, but does not look like is coming, but weekly bar now looks like ND, so if nothing happens, maybe next week down.
  • #12,855
  • Feb 17, 2011 2:32am Feb 17, 2011 2:32am
gold and silver on daily look like hanging men on vol + after gapping and the weekly could turn out to become nice tight range nd's at resistance. gold & silver would have to add about 40-45% in volume today + tomorrow to not end as nd weeks.

http://i.imgur.com/Ltvi2.png

http://i.imgur.com/ILwTE.png

http://i.imgur.com/7EBYm.png

http://i.imgur.com/2DVwc.png
  • #12,856
  • Feb 17, 2011 2:35am Feb 17, 2011 2:35am
even if eu ends on lower volume, it ends this week as a test, dipping below the last 3 weeks lows resulting in less activity below, therefore indicating strength.

Quoting juhanimi
I have been waiting big down move for EU, because of those weekly bars, but does not look like is coming, but weekly bar now looks like ND, so if nothing happens, maybe next week down.
  • #12,857
  • Feb 17, 2011 2:36am Feb 17, 2011 2:36am
Quoting Dr.Geppynius
depends on your target. i am interested in runners, taken from good spots. i often put stop b/e at 30p or after i have taken a part of the position off.
My problem is target. I realized they're too shy most of times. So i'd prefer to be and let run untill my targets become more reliable.
  • #12,858
  • Feb 17, 2011 2:39am Feb 17, 2011 2:39am
Looks terible

30 min weak bars and 15 min and 10 min

6 pips loss
Work smart not hard
  • #12,859
  • Feb 17, 2011 2:40am Feb 17, 2011 2:40am
Quoting Dr.Geppynius
gold and silver on daily look like hanging men on vol + after gapping and the weekly could turn out to become nice tight range nd's at resistance. gold & silver would have to add about 40-45% in volume today + tomorrow to not end as nd weeks.
Ummm...

If you want to go long or short a bunch of unallocated gold and silver accounts owned by HSBC and JPM type "custodian banks" to be settled in paper based on the volume thereof, go ahead.

Meanwhile in the land of contracts on which delivery can be taken, the bars don't quite look like that:
Attached Image (click to enlarge)
Click to Enlarge Name: backtest17.png Size: 82 KB
  • #12,860
  • Feb 17, 2011 2:40am Feb 17, 2011 2:40am
i do not like to use targets, you cannot predict where price will go so i prefer trailing stops and let the market take me out.

for this purpose a mechanicla system is a good way to go or just the simple yet powerful trailing by simple bar closes. this keeps you in the trade until the moved loses steam.

Quoting amletit
My problem is target. I realized they're too shy most of times. So i'd prefer to be and let run untill my targets become more reliable.
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