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vsa with Malcolm

  • #13,941
  • Feb 23, 2011 5:02pm Feb 23, 2011 5:02pm
how the hell do you come up with this stuff?

Quoting pres78
Man Malc you are a jack of all trades... I didn't know you were now marketing your own bathroom products...
Blogging daily now at www.volume.zone
  • #13,942
  • Feb 23, 2011 5:03pm Feb 23, 2011 5:03pm
Quoting malcolmb14
how the hell do you come up with this stuff?
Creative personality disorder...
Today's zone = Tomorrow's opportunity!
  • #13,943
  • Feb 23, 2011 5:53pm Feb 23, 2011 5:53pm
Quoting pres78
Creative personality disorder...
  • #13,944
  • Feb 23, 2011 8:44pm Feb 23, 2011 8:44pm
The chart shows the pair dropped 120 pips on decreasing volume...considering the fact that EU is bullish and USD/CAD has been lingering around 0.99, longing the pair when EU is quiet has been pretty rewarding...Going long around 1.355 when buyers step in can be a good plan...

The second chart is the daily E/CAD...Gann has turned green and we have broken out of EMA compression on daily with good volume...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ecad1.jpg Size: 202 KB
  • #13,945
  • Feb 23, 2011 9:38pm Feb 23, 2011 9:38pm
EUR/USD continue from last post.

Action for Wed 23-Feb.
Action in 3rd Box to 4th Box.

D1:
- See potential Long target at a longer timeframe at "SR Daily Zone" around 1.4210.
- See Daily Upcoming Resistance around 1.3800 to 1.3860.
- Wed 23-Feb, price continue up trend, approaching Daily Resistance 1.3825.


H1:
- The Black Lines for Boxes were previously drawn, just extended only without changing much on the price.
- 3rd Box was around 90pips.
- Price progress nicely from 3rd Box to 4th Box.
- The 1st Up Bar that touch 4th Box High had close price in the middle with High Vol, indicating possible Sellers.
- In early Asian, there are 2 small Up bars testing 4th Box High with low Vol, possible temporary weakness.
- So far no real retracement to 4th Box Low, perhaps coming later Lon/US sessions.


M15:
- All the long horizontal lines were previously drawn, just extended only without changing much on the price.
- 3rd Box was around 90pips.
- Price went from High 3rd Box to High 4th Box.
- There was a Small Push Up Through Supply from 3rd Box to 4th Box.
- Then a Quick Test on 4th Box Low.
- 3 NS for ideal Long.
- Price progress to touch 4th Box High without any real retracement.
- Now Asian session see price Test 4th Box High, with couple Upper Wicks showing Temp Weakness.
- Possible retracement to 4th Box Low or lower into 3rd Box.


Price is progressing nicely up through the Box Stages for now.


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-23_VSA_EURUSD_D1_Expectation.png Size: 68 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-23_VSA_EURUSD_H1_Expectation.png Size: 65 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-23_VSA_EURUSD_M15_Expectation.png Size: 62 KB
  • #13,946
  • Feb 23, 2011 11:23pm Feb 23, 2011 11:23pm
Quoting Fusion
The chart shows the pair dropped 120 pips on decreasing volume...considering the fact that EU is bullish and USD/CAD has been lingering around 0.99, longing the pair when EU is quiet has been pretty rewarding...Going long around 1.355 when buyers step in can be a good plan...

The second chart is the daily E/CAD...Gann has turned green and we have broken out of EMA compression on daily with good volume...
i'm new at this but will throw in my newbie view...

i only see weakness in this picture, UHV bar followed by 5 confirming down bars, failure at a multi day pivot (thin blue line), the volume in asia for this baby is always declining so i can't paint a bullish case based just on that, i'll be looking for tests/ND's along the broken rising trendline, and/or the horizontal from the upthrust close to investigate shorts...first buying support i can find is around 1.3350ish so i would be hesitent buying here...need to see a nice shakeout
euraud had the same reaction at a fib cluster (ABCD) so maybe it's not eur weakness but commonwealth strength
(http://www.forexfactory.com/showpost...&postcount=711)
Attached Image (click to enlarge)
Click to Enlarge Name: feb 24 eurcad vsa.gif Size: 22 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #13,947
  • Feb 24, 2011 12:32am Feb 24, 2011 12:32am
Quoting MarcusFire
Hey everyone, new guy here. What do you think of my first attempt to analyze a chart using VSA? I'm looking at the two rectangles I drew and observing that there was steady downward movement during times of relatively high volume. Was the smart money buying during these times?
This pair has been going on a downtrend for a LONG time.. i doubt its going to reverse anytime soon. like what the other advance vsaers had previously advised, i would wait for it to build a proper base first, and re-check the accumulation / redistribution from there... maybe should check out the volume and pa on D1
  • #13,948
  • Feb 24, 2011 1:48am Feb 24, 2011 1:48am
seems like aggressive morning selloff. you know to what this often leads when the us boys wake up.

eur cluster of sup here, including nice tl.

below 3730 no longs until 3680 reached if it fails here.

if we break this cluster on a higher tf and not just spike it, then 3710, 3680 tgts. last one would be my preferred spot to watch for long entries.

http://img600.imageshack.us/img600/1...0224084012.png
  • #13,949
  • Feb 24, 2011 1:56am Feb 24, 2011 1:56am
They are coming:
Attached Image
The Market pays you to be disciplined
  • #13,950
  • Feb 24, 2011 1:59am Feb 24, 2011 1:59am
zomg look at oil! shot up 360 pipsin last 20 mins, 250 of them in the last 5 mins, and its now done 250 down as well within the same 5 mins! something major has kicked off somewhere, this smells of major tankage everywhere
  • #13,951
  • Feb 24, 2011 2:11am Feb 24, 2011 2:11am
Quoting mima
They are coming:
Do ya think?

  • #13,952
  • Feb 24, 2011 2:20am Feb 24, 2011 2:20am
Quoting ewokuk
zomg look at oil! shot up 360 pipsin last 20 mins, 250 of them in the last 5 mins, and its now done 250 down as well within the same 5 mins! something major has kicked off somewhere, this smells of major tankage everywhere

Rumors are doing the round that in Saudi Arabia people go on the street as well.
  • #13,953
  • Feb 24, 2011 2:29am Feb 24, 2011 2:29am
this group is said to be responsible for the current eur selloff

http://3.bp.blogspot.com/_hs6CdIUMNO...PoliceIran.jpg

Quoting hutrader
Rumors are doing the round that in Saudi Arabia people go on the street as well.
  • #13,954
  • Feb 24, 2011 2:29am Feb 24, 2011 2:29am
definitely a shakeout according to this pattern here on EURUSD M5

marked candle with stopping volume at that last Big red candle down and then prices reverse with the next bar and Up candle with high volume..
Attached Image
  • #13,955
  • Feb 24, 2011 2:38am Feb 24, 2011 2:38am
Quoting ukdaytrader
Do ya think?

Ya, Just bulls on party is not fun...so they are coming....
The Market pays you to be disciplined
  • #13,956
  • Feb 24, 2011 2:39am Feb 24, 2011 2:39am
on fxlive cititech have just gone long eu 1.3716 target 4000+. might consider long if it gets above 3745 (which ive now done )
  • #13,957
  • Feb 24, 2011 2:47am Feb 24, 2011 2:47am
Finally banks start to see we're heading there :-) But now that citi has gone long, wouldn't take long before their stops got runned again as usual. but who know? I still think 40, 42 possible
  • #13,958
  • Feb 24, 2011 2:53am Feb 24, 2011 2:53am
Quoting willkohsg
definitely a shakeout according to this pattern here on EURUSD M5

marked candle with stopping volume at that last Big red candle down and then prices reverse with the next bar and Up candle with high volume..
looking good for longs now..
  • #13,959
  • Feb 24, 2011 2:57am Feb 24, 2011 2:57am
here is your friend. same as yesterday, but more rapid. even es was heavily searching for stops.
smells like friday rally to me (no advice)

http://img844.imageshack.us/img844/2...0224095606.png

Quoting Dr.Geppynius
seems like aggressive morning selloff. you know to what this often leads when the us boys wake up.

eur cluster of sup here, including nice tl.

below 3730 no longs until 3680 reached if it fails here.

if we break this cluster on a higher tf and not just spike it, then 3710, 3680 tgts. last one would be my preferred spot to watch for long entries.

http://img600.imageshack.us/img600/1...0224084012.png
  • #13,960
  • Feb 24, 2011 3:01am Feb 24, 2011 3:01am
That really was a rather psychotic jump up, that I honestly can't explain - no news, and not extraordinary volume (but obviously somewhere there was). No weird USD movement either. Oh well. I'm still long, just expected way more from that shakeout.
Attached Image
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