vsa with Malcolm

Good GBP sales #'s, but ND on M5 & M4.

My hands are little bit frozen but they are warming up now (at night -34,8) like living in fcukig north pole

Looking at daily chart it seems like yesterday was nd day. Today (actually it is too early to say) looks like it is going to test supply at Feb 14th (even if downmove was in low volume on 14th. This gives a little confidence that maybe it will not go there today).

Saw nd-s also on H4 and H1. Took short according to H1 @3598 (was a little bit late).

If it stalls now at 3540 area (where we think all the buyers are) would be good place to look for longs.

P.S. This is not a call. My opinion only.

Edit: mark on volume on Feb 14th is in wrong place. Should be on next volume bar.

I'll blame those squiggly lines all over the place

From the post 13126 we are now on one of the best spots for long setup

Also we have this now 5 min 6e bar wich show us the highest action from the London open
So lets see what will happen here

Also one question..

Could we get in that short setup few minutes agao just for scalping this this area or it was to risky...?

That would be short from the marked bar on my chart...the first one

Lets say that there was no news and that we there is no G20 thing ?

Finally finished catching up with this thread. So much trolling going on and so much confusion for anyone interested in VSA.

VSA is a way of thinking about the markets. It is logic based and subjective. You have to judge the market yourself and let it tell you if you are wrong or not. And you can use whatever indicators you want but you actually don't need that many because your decisions are based on price and volume. Everything else is secondary.

Also people don't actually say why they think VSA doesn't work. Sure they name some obscure things but nothing concrete. Maybe they tried once, made bad decisions and that was that. Maybe the logic was wrong or maybe the entry or something else.

Also, smart money is not any one entity. It's more like the force from star wars. Or simply the market.

Anyway, I'm glad Nokia was mentioned as I too am looking at it but I'm waiting for weekly close which is looking quite good so far.

EU. As long as 1.34 holds I'm bullish longer term. To me this is all just testing. Looking at the current channel it seems we might get there. 15min. shows selling (just look at all the upthrusty and 2bar reversaly price action (not everything is marked)) but price has not closed below support yet. China raised reserve requirement ratio so that might be what's going on now. Might be a mini selling climax.

unless the es has not been finished being marked down eur will continue.

imho 1333 on the es is the spot, where we are 2 points away from.
the current 10m vol on eur is indicative for a stopping attempt. 3hrs left to complete the picture.

So looks on 15 min and 30 min as well. I hope the best. I so wanna go long that I have to remove myself from the computer that I will not make something stupid.

Just to explain a little better what I was talking about longer term.

Also 1H could close inside the rising channel. Reasonable expectation after that is that price will continue up.

Long eu soon, everyone???

Thought I could perhaps get a bit more mileage out of this, but ... not.

Was just after good UK sales #'s, reluctance to head up (after being run up prior to the news, based on expectations). Caught the 2nd ND, and after hitting the trendline and seeming to hold, exited. Not spectacular, but 18 pips.

With continued downside pressure, 1.3505 would put us at daily ATR.

No, price action tell me that we are going to have a big upside move for about 70 pips

http://img257.imageshack.us/img257/1371/gbpusdb.gif

There wasn't much interest to the up side yet. There was only potential climactic action/stopping volume. Have to confirm it.

EU-H1
This hourly close should tell us something. I am waiting for NS, if not, then maybe have to think that we are going south.
This is not trade recommendation.
I have a rights to be wrong.

How nice test of that marked trigger point..

Answer to it is nothing special coos of that Berni speach probably

One question guys...

In the case of noraml tradeing not this prenews this would be enough for an entry ?

Or now we should see some pick up in volume?

I entered at 1.3502 long,but have to keep a close eye on it tight sl in case it fails

After such down move it often goes sideways so better wait for clear direction and set up.

I'd say it looks like EU tested successfully. We had a SoS and then a test. I think there could be another test right now. So now it's all down to money management. Personally, I would love to see some demand first but to each his own.

Gotta go, have a good weekend.

Long @3502? Today? It has not been there today.