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vsa with Malcolm

  • #14,001
  • Feb 24, 2011 6:36am Feb 24, 2011 6:36am
My one and only trade taken 40 or so minutes after LO... I got up around 3AM to see where we stood 1hr before LO... I watched the next hour shoot down into what appeared to be a shake out. We entered that same 3710-3700 zone in which I entered from yesterday. After LO I flipped between 1min and 5 min looking for any long entry set-ups.

I entered on a NS from the 1 min after we had confirmed strength in the background.

Entry was at 3730, SL was at 3700, TP 1 at 3760 and TP 2 at 3790. All of this was set and I went back to bed.

Currently flat and looking to see if anything new presents itself today.

Gotta love those Pre LO shake outs...
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Today's zone = Tomorrow's opportunity!
  • #14,002
  • Feb 24, 2011 6:41am Feb 24, 2011 6:41am
right ive just taken long, 20 pip stop, 3755. i think i see buying on that second attempt at 3750 on the 5min
  • #14,003
  • Feb 24, 2011 6:44am Feb 24, 2011 6:44am
above 3766 good for bulls.

we are straight in the 760-45 area as mentioned. this is positioning in the vwap zone so i expect decent movement later.

3760 remains key, rejections of it are not too good.
  • #14,004
  • Feb 24, 2011 6:48am Feb 24, 2011 6:48am
Quoting ewokuk
wanting to take long but not convinced by this. also have another problem now that i have decent gains this week im scared to take anything cos i dont wanna lose any, so ill end up missing the trade when it does come probably
How much will you lose if you dont trade again today?

Only take the trade if it's a high percentage trade.
  • #14,005
  • Feb 24, 2011 6:51am Feb 24, 2011 6:51am
short us government. no stop. tp -ve

Quoting Intel
How much will you lose if you dont trade again today?

Only take the trade if it's a high percentage trade.
  • #14,006
  • Feb 24, 2011 6:59am Feb 24, 2011 6:59am
Quoting Intel
How much will you lose if you dont trade again today?
Only take the trade if it's a high percentage trade.
very good point.
takes a great deal of discipline/patience though.
  • #14,007
  • Feb 24, 2011 7:01am Feb 24, 2011 7:01am
Quoting Intel
How much will you lose if you dont trade again today?

Only take the trade if it's a high percentage trade.
yes true but the problem will persist every day. not used to having gains to protect. must remove this psychological barrier (previously it was inability to accept a loss, i think this is now overcome recently). I believe once i am used to being able to make decent pips the fear of the odd loss should be much less. at the moment ive only had a few good days this week, if i can have a couple of good months then i may be more convinced i CAN actually do this and not be so worried about a loss if i know i can get 80% of them right.

anyway planned long around 3750 and took it, and its looking good! anyone know how i can quote multiple messages in a post? other than just manually using the quote tags and trying to cut and paste the text
  • #14,008
  • Feb 24, 2011 7:03am Feb 24, 2011 7:03am
Quoting ewokuk
yes true but the problem will persist every day. not used to having gains to protect. must remove this psychological barrier (previously it was inability to accept a loss, i think this is now overcome recently).

anyway planned long around 3750 and took it, and its looking good!

anyone know how i can quote multiple messages in a post? other than just manually using the quote tags and trying to cut and paste the text
Man, that's a hell of a trade...
For me, I just entered this kind of set-up on ns
  • #14,009
  • Feb 24, 2011 7:06am Feb 24, 2011 7:06am
Quoting duyk20
Man, that's a hell of a trade...
For me, I just entered this kind of set-up on ns
I am kinda of the opposite, almost all my trades revolve around high volume rather than low volume. thats why i didnt take the first 5min hit at 3750, didnt seem like enough volume that it was bought. second was much more convincing for me with higher vol. im not as convinced on the low vol setups and the few i do try seem to fail more.

of course now ny has opened and it looks like it might be coming back down again to take me out for nothing, hope this drop stops here! need geppynius to open another 5000 lots to help it up past 3800
  • #14,010
  • Feb 24, 2011 7:15am Feb 24, 2011 7:15am
Quoting ewokuk
I am kinda of the opposite...
of course now ny has opened and it looks like it might be coming back down again...
potential market-moving US news in about 15mins..
  • #14,011
  • Feb 24, 2011 7:53am Feb 24, 2011 7:53am
stopping volume followed by reversal pattern.
stopping volume with no Down bar on next candle signifying buying at this levels..

SM definitely buying inspite of +ve US Data..
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  • #14,012
  • Feb 24, 2011 8:04am Feb 24, 2011 8:04am
Quoting willkohsg
stopping volume followed by reversal pattern.
stopping volume with no Down bar on next candle signifying buying at this levels..

SM definitely buying inspite of +ve US Data..
yeah thats what i was looking at, had a buy but got spooked and closed it. the 5min bar just closed looks like a low vol test too?

not entirely convinced though and oil is dropping like a rock at the moment which might help usd. hmmm not sure
  • #14,013
  • Feb 24, 2011 8:05am Feb 24, 2011 8:05am
Call me Crazy , But does anybody see some distribution going on with EU right now ....ESP. on 4 HR TF
  • #14,014
  • Feb 24, 2011 8:05am Feb 24, 2011 8:05am
Quoting taomql4
Call me Crazy , But does anybody see some distribution going on with EU right now ....
On H1.
The Market pays you to be disciplined
  • #14,015
  • Feb 24, 2011 8:06am Feb 24, 2011 8:06am
Quoting taomql4
Call me Crazy , But does anybody see some distribution going on with EU right now ....ESP. on 4 HR TF
I don't see distribution here. It's being bought on every dips recently in 5m chart
But surely thing looks ugly right now
  • #14,016
  • Feb 24, 2011 8:11am Feb 24, 2011 8:11am
Quoting taomql4
Call me Crazy , But does anybody see some distribution going on with EU right now ....ESP. on 4 HR TF
I think we're huggin' a 1.3704 TL up, with some decent buying/support at that 1.375 low.
  • #14,017
  • Feb 24, 2011 8:16am Feb 24, 2011 8:16am
Quoting ewokuk
yeah thats what i was looking at, had a buy but got spooked and closed it. the 5min bar just closed looks like a low vol test too?
...
what got u spooked?
got a chart?
Quoting taomql4
Call me Crazy , But does anybody see some distribution going on with EU right now ....ESP. on 4 HR TF
u must be referring to a prior H4 bar that formed (in case your H4 bar closed a few hours ago).
possibly supply came in, but check/contrast that with demand coming in/that came in too
  • #14,018
  • Feb 24, 2011 8:20am Feb 24, 2011 8:20am
GU is now above the DPOC but is facing mounting resistance as it rising towards the cluster of 3 POCs in the background as highlighted in limegreen.

Previous bar show hidden selling on high increase volume..potential test now on no demand?

PS: sorry i was suppose to pose this in the other thread...wrong number

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  • #14,019
  • Feb 24, 2011 8:21am Feb 24, 2011 8:21am
Quoting duyk20
I don't see distribution here. It's being bought on every dips recently in 5m chart
But surely thing looks ugly right now
How can it be BOTH right NOW and on H4?
  • #14,020
  • Feb 24, 2011 8:21am Feb 24, 2011 8:21am
just didnt like the pa, wasnt making enough progress upwards. ive got back in again now though but need this to stay above yesterdays high or im gonna close it
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