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vsa with Malcolm

  • #13,841
  • Feb 23, 2011 6:52am Feb 23, 2011 6:52am
i jinxed it

vol kicking in.

the bears are trying to protect their buystops above 3750

http://img215.imageshack.us/img215/3...0223135032.png

Quoting Dr.Geppynius
resistance becoming support. no selling on the reactive move.

http://img517.imageshack.us/img517/6...0223133649.png
  • #13,842
  • Feb 23, 2011 6:57am Feb 23, 2011 6:57am
looks like low vol test on hourly?
  • #13,843
  • Feb 23, 2011 7:02am Feb 23, 2011 7:02am
Quoting pres78
Well here we are again at the 3640ish area... Feels so faimilar.

I would still like to see a shake out or test in the 3630-3615 area with 3615 being the 50% retrace of today's move. Actually what I would love to see is for price to close today around 3615, Asain take it back up towards 3700 before dropping it hard for a pre LO shakeout in this same area before moving up finally to test the 3800 level.

The other scenario would be to drift back up towards 3700 by end of day, Asia take it back down to the 3630-3615 zone for that test or shake...
So price ended up just moving sideways to finish Tuesday and then Asia took it up and hasn't really looked back as of yet. I didn't get my movement back into the 3640 zone but I was able to get in around that 3700 level on a post LO test of a trigger level that I was watching from early Asia. Price hit it 3 times with no close below on vol higher than the volume that created the trigger... no close below showed me no interest in taking out this level.

Entry was at 3705, SL was at recent swing low around 3680, TP1 was at 3730 and TP 2 is open...

3705 sucks in comparison of getting in down around 3640ish...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
Today's zone = Tomorrow's opportunity!
  • #13,844
  • Feb 23, 2011 7:03am Feb 23, 2011 7:03am
note to future-me: when i say resistance becoming support, then go short all in (including house keys)
  • #13,845
  • Feb 23, 2011 7:06am Feb 23, 2011 7:06am
in the right spot at all those previous highs. we should see an upside reaction from that to confirm it

http://img641.imageshack.us/img641/6...0223140438.png
Quoting ewokuk
looks like low vol test on hourly?
  • #13,846
  • Feb 23, 2011 7:18am Feb 23, 2011 7:18am
rumors rumors

Quote
Talk Of Large EUR/USD Sell Interest Lined Up For Fix
By Gerry Davies || February 23, 2011 at 13:11 GMT

At 13:15 GMT.
Take it for what you will. As regular readers will know I’m not a huge fan of fixing rumours/talk. We’ll see. Presently at 1.3730. Maybe the talk is holding EUR/USD back a little.
  • #13,847
  • Feb 23, 2011 7:23am Feb 23, 2011 7:23am
if i'm reading this correctly, short-term, there is weakness in background with the high vol bar, and closing in the middle, since then a grinding crawl higher, hardly inspirational buying producing a ND (arrow)

hopefully no kittens need to be sacrificed this evening because it's actually a continuation of strength
Attached Image (click to enlarge)
Click to Enlarge Name: feb 23 gbpusd vsam15.gif Size: 25 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #13,848
  • Feb 23, 2011 7:25am Feb 23, 2011 7:25am
at 10 eastern we have 150m with strike 3700 expiring, explaining the gangfight here.
  • #13,849
  • Feb 23, 2011 7:37am Feb 23, 2011 7:37am
Quoting Dr.Geppynius
at 10 eastern we have 150m with strike 3700 expiring, explaining the gangfight here.
in that case i think ill wait on longs until then (thats about 1.5 hours right? same time as the housing news). dont want to get caught in a little bounce now, only for them to take it back towards 3700 over the next hour
  • #13,850
  • Feb 23, 2011 7:48am Feb 23, 2011 7:48am
Quoting Dr.Geppynius

3rd in a row or not?
Attached Image (click to enlarge)
Click to Enlarge Name: bull flag failure.jpg Size: 128 KB
  • #13,851
  • Feb 23, 2011 7:48am Feb 23, 2011 7:48am
Quoting ewokuk
in that case i think ill wait on longs until then (thats about 1.5 hours right? same time as the housing news..
yeah, same time as the Existing Home sales news

for others, u can check the time on
http://www.timeanddate.com/worldclock/
  • #13,852
  • Feb 23, 2011 7:53am Feb 23, 2011 7:53am


Quoting 1pipperhour
  • #13,853
  • Feb 23, 2011 7:54am Feb 23, 2011 7:54am
dip into the 3710 area would be lovely
  • #13,854
  • Feb 23, 2011 7:57am Feb 23, 2011 7:57am
Quoting Dr.Geppynius
dip into the 3710 area would be lovely
We had that after LO... that's where I picked up my awesome long from... No need to go back... well OK we can go back but only for a moment and no lower
Today's zone = Tomorrow's opportunity!
  • #13,855
  • Feb 23, 2011 7:59am Feb 23, 2011 7:59am
3710 is the current vwap

Quoting pres78
We had that after LO... that's where I picked up my awesome long from... No need to go back... well OK we can go back but only for a moment and no lower
  • #13,856
  • Feb 23, 2011 8:06am Feb 23, 2011 8:06am
2hr looks good so far. will be interesting to see what 10est (55min) gives

http://img813.imageshack.us/img813/4...0223150116.png
  • #13,857
  • Feb 23, 2011 8:11am Feb 23, 2011 8:11am
Quoting Dr.Geppynius
dip into the 3710 area would be lovely
almost got your wish. bit too early though! still 50 mins
  • #13,858
  • Feb 23, 2011 8:17am Feb 23, 2011 8:17am
Noobie concern..
Hi Dr. Could you explain for me the term vwap. And can I have your vwap indicator as in your chart
  • #13,859
  • Feb 23, 2011 8:19am Feb 23, 2011 8:19am
Quoting ChinaWombat
if i'm reading this correctly, short-term, there is weakness in background with the high vol bar, and closing in the middle, since then a grinding crawl higher, hardly inspirational buying producing a ND (arrow)

hopefully no kittens need to be sacrificed this evening because it's actually a continuation of strength
Gavin will tell you to be careful taking nd in up trends and ns in down trends. Remember the trend is your friend unless you see eorm or a high volume upthrust into an old top. I will see if I can find the link to a vsa presentation on the subject.

As far as the eur goes and as documented well this morning by the Dr; the Eur looks prime for a move higher
  • #13,860
  • Feb 23, 2011 8:19am Feb 23, 2011 8:19am
Quoting Dr.Geppynius
2hr looks good so far. will be interesting to see what 10est (55min) gives

http://img813.imageshack.us/img813/4...0223150116.png
Something is wrong. My chart doesn't look like yours. What time are you using. Mine is London (GMT).
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