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vsa with Malcolm

  • #14,021
  • Feb 24, 2011 8:23am Feb 24, 2011 8:23am
Quoting Beljevina
I think we're huggin' a 1.3704 TL up, with some decent buying/support at that 1.375 low.
Quoting supremeChaos
what got u spooked?
got a chart?

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

Yeah , That 4 HR UPBar - No Good for EURO ..lol- Esp . if we Get a test(ND) of it .

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
and 1 hr chart , showing some distribution patterns ..
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  • #14,022
  • Feb 24, 2011 8:31am Feb 24, 2011 8:31am
Quoting taomql4
Yeah , That 4 HR UPBar - No Good for EURO ..lol- Esp . if we Get a test(ND) of it ......
no worries, let's just push thru the supply

market is possibly waiting for FF Calendar's news... 30minutes from now, & onwards
  • #14,023
  • Feb 24, 2011 8:35am Feb 24, 2011 8:35am
Should be some nice stops now at 3820-30 area. Im sure if home sale data is anything but bad we will see it.
  • #14,024
  • Feb 24, 2011 8:35am Feb 24, 2011 8:35am
Quoting taomql4
Yeah , That 4 HR UPBar - No Good for EURO ..lol- Esp . if we Get a test(ND) of it .



and 1 hr chart , showing some distribution patterns ..
4hr bars are tough since everyone's 4hr bars close and various times... My last completed 4hr bar closed up through a daily trend line (from high at 4279 to yesterday's high) and this bar is setting up to be a test of that trend line... I still see strength.
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Today's zone = Tomorrow's opportunity!
  • #14,025
  • Feb 24, 2011 8:37am Feb 24, 2011 8:37am
I know this has been beaten to death here and talked about many times. But I wasn't sure where the best place to get Volume is from.. I know it has been said ESignal, but I can not afford that and I trade with Oanda who doesn't provide a volume feed. Any suggestions on a Demo account that has an accurate volume feed. Thanks
  • #14,026
  • Feb 24, 2011 8:41am Feb 24, 2011 8:41am
ok closed my long at 3795, seems some supply here. gonna wait for new entries. itll probably break 3800 now but i have no complaints about my totals for the last 3 days so not too bothered.

im just completely amazed how much progress (and pips) ive made this week even with being too nervous on some trades and bailing out when i should have waited. geppynius, hg, intels and malcs input and views i think have helped considerably too. now im going to read some mtm again and see what else i can pick up.
  • #14,027
  • Feb 24, 2011 8:45am Feb 24, 2011 8:45am
Quoting mima
On H1.
Sure looks like one ...
  • #14,028
  • Feb 24, 2011 8:47am Feb 24, 2011 8:47am
Quoting pres78
4hr bars are tough since everyone's 4hr bars close and various times... My last completed 4hr bar closed up through a daily trend line (from high at 4279 to yesterday's high) and this bar is setting up to be a test of that trend line... I still see strength.
Don't see a close above the S/R level , Yet .
Will see if we ever get a test on it, if we do - Gonna go short .....
  • #14,029
  • Feb 24, 2011 8:48am Feb 24, 2011 8:48am
I'm starting to smell a rat; a great big stinking pump and dump trappish rat.
GU is falling while EU grinds higher, everyone now thinking we'll see 1.40 etc. No doubt there is some supply here, how much we'll soon know.
Closed longs now and will wait. Like ewok says, if we clear 1.38 i'll still be happy enough.
  • #14,030
  • Feb 24, 2011 8:54am Feb 24, 2011 8:54am
Second and probably final trade I took today...

1. Hit 3750 level on decent vol, downbar followed by up... HMM buying?
2. Same level on really high vol, downbar followed by up... SM showing they want to go back up? Also no lower low than bar 1...
3. Good vol again on a downbar, higher low followed by another upbar... enough proof for me.

In at 3765, Stop at swing low around 3750, TP1 at 3780, TP 2 at 3795.
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  • #14,031
  • Feb 24, 2011 8:57am Feb 24, 2011 8:57am
Quoting ukdaytrader
I'm starting to smell a rat; a great big stinking pump and dump trappish rat.
GU is falling while EU grinds higher, everyone now thinking we'll see 1.40 etc. No doubt there is some supply here, how much we'll soon know.
Closed longs now and will wait. Like ewok says, if we clear 1.38 i'll still be happy enough.
Something smells funny. I am out until things look clearer and happy to close my longs here below 1,3786. The current volume and price movements are beyond what I understand in VSA so best for me to stay out of the way.
  • #14,032
  • Feb 24, 2011 9:16am Feb 24, 2011 9:16am
Come on you all. Strength is still there. We are just having some resistance (and not that heavy imo) @3800. We have accomplished all previous tops. Why not that .3857 also. I have no worries yet. I'm waiting for the test near the R1 and up. Don't force market down, not yet . I need new computer and EU will give me that (preferably in this week)
  • #14,033
  • Feb 24, 2011 9:19am Feb 24, 2011 9:19am
the eurusd market's a freak
pandemonium...
  • #14,034
  • Feb 24, 2011 9:19am Feb 24, 2011 9:19am
Quoting Sonofsin5
Should be some nice stops now at 3820-30 area. Im sure if home sale data is anything but bad we will see it.
Cha Ching
  • #14,035
  • Feb 24, 2011 9:20am Feb 24, 2011 9:20am
is this 5 min volume in euro stopping volume?
Don't have an ego. Always question yourself and your ability.
  • #14,036
  • Feb 24, 2011 9:21am Feb 24, 2011 9:21am
got back in at 3785 just as it got back past yesterdays high after a high vol bar saw no real downside after it then an up bar. bring on 3850
  • #14,037
  • Feb 24, 2011 9:22am Feb 24, 2011 9:22am
Quoting RamsesII
is this 5 min volume in euro stopping volume?
nope.. imho, potential pushing thru supply.
  • #14,038
  • Feb 24, 2011 9:22am Feb 24, 2011 9:22am
Liftoff, finally. I think we've come right up into stops/shorts 1.382 - if we can get above there, there should be buy stops ready to get us the next 40 pips. Looks like good volume, buyers & adherence to the TL a couple of bars ago - nice & prominent on my M5. (I know, I know ... too many lines on the chart - it's the multiple fibs, honest, lol)
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  • #14,039
  • Feb 24, 2011 9:23am Feb 24, 2011 9:23am
if you open a MT account with oanda, you'll see their volumes

Quoting pipaday
I know this has been beaten to death here and talked about many times. But I wasn't sure where the best place to get Volume is from.. I know it has been said ESignal, but I can not afford that and I trade with Oanda who doesn't provide a volume feed. Any suggestions on a Demo account that has an accurate volume feed. Thanks
Nihil Sine Deo.
  • #14,040
  • Feb 24, 2011 9:25am Feb 24, 2011 9:25am
Quoting Sonofsin5
Cha Ching
Nicely called... above here the old top at 3860 should house some more stops...

I would like to see 3780ish now hold as support... (that daily trendline I refered to earlier that has been broken...
Today's zone = Tomorrow's opportunity!
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