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vsa with Malcolm

  • #13,761
  • Feb 22, 2011 12:08pm Feb 22, 2011 12:08pm
Quoting pres78
Ok I see... well congrats on the 100 pips... not a bad days work.
apart from a gu long i had second week of jan which scuba boy called, this will be my best trade of year so far. yes thats how bad i am usually haha. another 10 or so of these and ill be back to break even.....for this year at least
  • #13,762
  • Feb 22, 2011 12:10pm Feb 22, 2011 12:10pm
Quoting ewokuk
apart from a gu long i had second week of jan which scuba boy called, this will be my best trade of year so far. yes thats how bad i am usually haha
Stick around here and it will come... some of the great trading examples from the senior guys like HG, Intel and Malc etc... can only help.
Today's zone = Tomorrow's opportunity!
  • #13,763
  • Feb 22, 2011 12:36pm Feb 22, 2011 12:36pm
Quoting pres78
Stick around here and it will come... some of the great trading examples from the senior guys like HG, Intel and Malc etc... can only help.
yes hopefully i am starting to read and understand the volume better but way too early to tell. i cant count the number of times i thought i had turned the corner (after trying one thing after another) to finally be able to 'do it' only for it all to go to crap shortly after.

chart of trade attached, no ns but after the stopping vol/selling climax priced moved up (so vol contained buying). then move back down with plenty of vol but failed to make a new low, perhaps just soaking up any remaining supply? maybe i just got lucky and there was no strong vsa reason to go long there. perhaps one of the experts has some better explanations of it
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  • #13,764
  • Feb 22, 2011 12:40pm Feb 22, 2011 12:40pm
Quoting ewokuk
yes hopefully i am starting to read and understand the volume better but way too early to tell. i cant count the number of times i thought i had turned the corner (after trying one thing after another) to finally be able to 'do it' only for it all to go to crap shortly after.

chart of trade attached, no ns but after the stopping vol/selling climax priced moved up (so vol contained buying). then move back down with plenty of vol but failed to make a new low, perhaps just soaking up any remaining supply? maybe i just got lucky and there was no strong...
The 4th bar in your box when looking at the volume in comparison to the previous 2 bars is a NS and it closed off it's lows. The thrid bar could be looked at as a test of the close of that bar with the possible stopping vol...

This is of course just my opinion and could be wrong.
Today's zone = Tomorrow's opportunity!
  • #13,765
  • Edited 1:01pm Feb 22, 2011 12:42pm | Edited 1:01pm
Here's what I think I see in current EU 30M chart action. A stab at a high probability of profit transaction entry would have been to get long at the break above 1.3660 after the most recent reaction and test for resumption of uptrend. Happy s everyone.

Here's a link to the CCK11 25 year monthly chart showing the new high ground for Cocoa and its possible buying climax setting up.

http://tinyurl.com/482wndz

**************************
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  • #13,766
  • Feb 22, 2011 12:43pm Feb 22, 2011 12:43pm
Quoting pres78
The 4th bar in your box when looking at the volume in comparison to the previous 2 bars is a NS and it closed off it's lows.
are you sure? the 4 bars in that box are all fairly high volume, id take the 3rd bar which closed well off its lows a maybe a test but again vol was not low on any of those. doesnt ns have to be low vol?

looks like there is some supply right here 3675, which happens ot be the day open and daily pivot, thinking it might move back towards 3635 now (but im not trading now till london).
  • #13,767
  • Feb 22, 2011 12:47pm Feb 22, 2011 12:47pm
Quoting ewokuk
are you sure? the 4 bars in that box are all fairly high volume, id take the 3rd bar which closed well off its lows a maybe a test but again vol was not low on any of those.

looks like there is some supply right here 3675, which happens ot be the day open and daily pivot, thinking it might move back towards 3635 now (but im not trading now till london).
As far as I have been able to determine from this thread is that when looking at ND and NS it is relative to the previous two bars... (please someone correct me if I am wrong) and I revised my reply to you to mention the 3rd bar also... I do believe that we have low and high volume tests... (again someone correct me if I am wrong)...
Today's zone = Tomorrow's opportunity!
  • #13,768
  • Feb 22, 2011 12:57pm Feb 22, 2011 12:57pm
Quoting pres78
As far as I have been able to determine from this thread is that when looking at ND and NS it is relative to the previous two bars... (please someone correct me if I am wrong) and I revised my reply to you to mention the 3rd bar also... I do believe that we have low and high volume tests... (again someone correct me if I am wrong)...
personally i would class all 4 of those bars as having the same volume, tiny variations in volume like on those bars, from my view are not significant enough, i want to see a proper difference in volume if im going to compare 2 bars, for me the difference on all of those 4 is too small (for reference they are 169, 161, 167, 158 ticks each from left to right).

yeah i believe tests can be high and low vol, however high vol ones show supply still present so a high probability that area will be tested again. so low vol tests are the best.
  • #13,769
  • Feb 22, 2011 1:05pm Feb 22, 2011 1:05pm
Quoting ewokuk
personally i would class all 4 of those bars as having the same volume, tiny variations in volume like on those bars, from my view are not significant enough, i want to see a proper difference in volume if im going to compare 2 bars, for me the difference on all of those 4 is too small (for reference they are 169, 161, 167, 158 ticks each from left to right).

yeah i believe tests can be high and low vol, however high vol ones show supply still present so a high probability that area will be tested again. so low vol tests are the best.
Based on all of that looking back at your chart the first clear NS entry would have put you in at around 3575 (although I can't tell if entry happened within 2 bars)... Anyway I will let someone more vetran clarify and advise on their take of your entry and the boxed area.
Today's zone = Tomorrow's opportunity!
  • #13,770
  • Feb 22, 2011 1:05pm Feb 22, 2011 1:05pm
Quoting rbumbalough
Here's what I think I see in current EU 30M chart action. A stab at a high probability of profit transaction entry would have been to get long at the break above 1.3660 after the most recent reaction and test for resumption of uptrend. Happy s everyone.

Here's a link to the CCK11 25 year monthly chart showing the new high ground for Cocoa and its possible buying climax setting up.

http://tinyurl.com/482wndz

**************************
That's the way I saw it. Potential for re-long from here, if the TL/channel holds. The daily print is looking sexy.

Edit: Longs not confirmed; too much negative sentiment & USD upwards retrace.
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  • #13,771
  • Edited 2:00pm Feb 22, 2011 1:36pm | Edited 2:00pm
from what i see on the charts imho a 150 pip upmove during the next 24 hours is imminent. 3650 could mark the low of it. if we move up during asia, then dip pre london we will most likely to continue rallying during euro & early us session.

edit: i am long 3655 with a 30p stop. if i am right, this stop is far enough. i am also not willing to expose myself to a bigger risk on a trade opened pre-banzai session...

supportive charts will be posted if it plays out, otherwise disregard this since it has not much to do with a vsa setup
  • #13,772
  • Feb 22, 2011 2:06pm Feb 22, 2011 2:06pm
the asians will come get you .... the Japs are still sore that the Germans let US beat them with a large bomb in WWII . They will come for you in tokyo

Quoting Dr.Geppynius
from what i see on the charts imho a 150 pip upmove during the next 24 hours is imminent. 3650 could mark the low of it. if we move up during asia, then dip pre london we will most likely to continue rallying during euro & early us session.

edit: i am long 3655 with a 30p stop. if i am right, this stop is far enough. i am also not willing to expose myself to a bigger risk on a trade opened pre-banzai session...

supportive charts will be posted if it plays out, otherwise disregard this since it has not much to do with a vsa setup
Blogging daily now at www.volume.zone
  • #13,773
  • Feb 22, 2011 2:13pm Feb 22, 2011 2:13pm
i have leopard tanks, no worries

Quoting malcolmb14
the asians will come get you .... the Japs are still sore that the Germans let US beat them with a large bomb in WWII . They will come for you in tokyo
  • #13,774
  • Feb 22, 2011 2:13pm Feb 22, 2011 2:13pm
Well what a rocky day and its early. I got suckered into a long on the GU only to suffer a nice loss. Than caught a short on the Eur to make back the profit only to have that wiped out on the spike back up to 3680. lol. Since the dust has settled and things are more clear, my opinion is that we have just seen a shakeout under 3640. I will post a chart in a bit.
  • #13,775
  • Feb 22, 2011 2:14pm Feb 22, 2011 2:14pm
Quoting malcolmb14
the asians will come get you .... the Japs are still sore that the Germans let US beat them with a large bomb in WWII . They will come for you in tokyo

If it wasn't for the Germans there would be no Bomb.
  • #13,776
  • Feb 22, 2011 2:16pm Feb 22, 2011 2:16pm
that just makes matters worse .... the asians will kamkazee Matts trade

Quoting Sonofsin5
If it wasn't for the Germans there would be no Bomb.
Blogging daily now at www.volume.zone
  • #13,777
  • Feb 22, 2011 2:25pm Feb 22, 2011 2:25pm
they do not have the financial power to mess with MY TRADE!

Quoting malcolmb14
that just makes matters worse .... the asians will kamkazee Matts trade
  • #13,778
  • Feb 22, 2011 2:30pm Feb 22, 2011 2:30pm
ewokuk

Which SB firm do you use? Pros and cons?
  • #13,779
  • Edited 4:24pm Feb 22, 2011 2:33pm | Edited 4:24pm
Quoting Intel
ewokuk

Which SB firm do you use? Pros and cons?
capital spreads. most spreads seem good but futures are large (0.7 points on es futures). platform is very basic, no options to customise anything. execution seems fast, no problems with stops so far, no requotes. only used them just over a month. the charts are a *complete* waste of time.
  • #13,780
  • Feb 22, 2011 2:48pm Feb 22, 2011 2:48pm
Quoting malcolmb14
the asians will come get you .... the Japs are still sore that the Germans let US beat them with a large bomb in WWII . They will come for you in tokyo
this time its israels turn to feel the power of nukes,after iran nukes them if they attack iran
http://www.nytimes.com/2011/02/23/wo...st/23suez.html

its time someone gets israel back ,for all the bad theyve done in this world
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