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vsa with Malcolm

  • #14,081
  • Feb 24, 2011 12:27pm Feb 24, 2011 12:27pm
Hi Malcomb,
what do you think about ES?
Is it time to buy or it will keep on dropping ?
Thanks
  • #14,082
  • Feb 24, 2011 12:46pm Feb 24, 2011 12:46pm
supply in the market for sure at 1,3780.... pretty ugly . They have to dry that supply up to move this into 1.4



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
Blogging daily now at www.volume.zone
  • #14,083
  • Feb 24, 2011 12:49pm Feb 24, 2011 12:49pm
I am targeting 1255 unless I see a test day. They will use this libya bs news for mark down .. i think that mark down will be deeper than we have now

Quoting marcb
Hi Malcomb,
what do you think about ES?
Is it time to buy or it will keep on dropping ?
Thanks
Blogging daily now at www.volume.zone
  • #14,084
  • Feb 24, 2011 1:10pm Feb 24, 2011 1:10pm
Quoting hardpippin
Yes, I thought it looked a bit like that too..but the buying proved me wrong!
Those are sellers and the only way I close my sell orders is if we get a NS bar with confirmation within that last Upbar , then I close .Otherwise , I will let it ride to the white Barrier where I think we will see some reaction from buyers ..
Attached Image (click to enlarge)
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  • #14,085
  • Feb 24, 2011 1:14pm Feb 24, 2011 1:14pm
be careful .. those shake outs are also very bullish... shake outs in asia bought heavy in london

I am flat for now took a few pip out of eu longs for week but want it to clear 1.3850 area and look for test for entry IF the upside is to continue

Quoting taomql4
Those are sellers and the only way I close my sell orders is if we get a NS bar with confirmation with that last Upbar , then I close .Otherwise . I will let it ride to the white Barrier where I think we will see some reaction from buyers ..
Blogging daily now at www.volume.zone
  • #14,086
  • Feb 24, 2011 1:38pm Feb 24, 2011 1:38pm
http://www.forexfactory.com/showpost...ostcount=13990

Quoting marcb
Hi Malcomb,
what do you think about ES?
Is it time to buy or it will keep on dropping ?
Thanks
  • #14,087
  • Feb 24, 2011 1:45pm Feb 24, 2011 1:45pm
Quoting Sonofsin5
Keep an eye on that ns that just poped up on the gu 5 min.
result
Attached Image (click to enlarge)
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  • #14,088
  • Feb 24, 2011 2:33pm Feb 24, 2011 2:33pm
Quoting Sonofsin5
result

Thanks for noting the NS, Sonofsin, I got in when the high of the middle wick (between the two NS) was taken out. So far so good.
  • #14,089
  • Feb 24, 2011 2:38pm Feb 24, 2011 2:38pm
Quoting Wamo
Thanks for noting the NS, Sonofsin, I got in when the high of the middle wick (between the two NS) was taken out. So far so good.
Nice entry, exactly mine. Max dd was 8 pips, cant complain about that. Stop +1.
  • #14,090
  • Feb 24, 2011 3:52pm Feb 24, 2011 3:52pm
ok lets see if this is shake out or oil top really was 103 .... nasty pin on daily BUT looking at 60 min buyers at 98 and rest of move on lower volume. I am buyer oil above 98 again
Blogging daily now at www.volume.zone
  • #14,091
  • Feb 24, 2011 4:40pm Feb 24, 2011 4:40pm
After discussing with Malc some stock based setups, I thought I'd post this one of XCH in the UK. Any comments?

I bought in on the successful test on the 14th, perhaps I should have waited. Comments on that?
Attached Image (click to enlarge)
Click to Enlarge Name: XCH.jpg Size: 130 KB
Blogging daily now at www.volume.zone
  • #14,092
  • Feb 24, 2011 4:45pm Feb 24, 2011 4:45pm
I would have placed order above the high of the test bar. That is what Gavin does , you would have saved the draw down. i think i did the same on nok , jumped on board to early

Quoting Steve Gill
After discussing with Malc some stock based setups, I thought I'd post this one of XCH in the UK. Any comments?

I bought in on the successful test on the 14th, perhaps I should have waited. Comments on that?
Blogging daily now at www.volume.zone
  • #14,093
  • Feb 24, 2011 4:55pm Feb 24, 2011 4:55pm
Quoting malcolmb14
I would have placed order above the high of the test bar. That is what Gavin does , you would have saved the draw down. i think i did the same on nok , jumped on board to early
Totally agree. And with Forex, that is what I'd do - but with the stock I was planning to hold longer term anyway (its been bought as part of my SIPP pension) I decided to jump
Blogging daily now at www.volume.zone
  • #14,094
  • Feb 24, 2011 4:55pm Feb 24, 2011 4:55pm
Hello Friends: The below chart shows a test in rising market that occurred in the May WTI crude oil contract early this morning. May WTI was up on low vol into prior resistance after heavy short selling. New sellers came in only to be meet by heavy short covering by long interest who shorted CLK down earlier. This they did to support their market with no cost to themselves. The squat down bar labeled 2 was on higher volume that told the classic tale of an operator supporting her/his market.(There is nothing new in speculating except the tools by which one operates.) This got the attention of would be sellers who then saw a dearth of supply at 3. Market then rallied with defectors joining the Bull camp for a while at least.
Attached Image (click to enlarge)
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  • #14,095
  • Feb 24, 2011 5:19pm Feb 24, 2011 5:19pm
I was sent a PM about NOK and thought I'd post it here for everyone to comment.

I'm personally bullish on Nokia - watch what happened prior to the recent news - no real signs of major weakness - in fact there was a test on the 8th Feb, just prior to a gap up through previous resistance from October last year.

I'd go as far as to say the smart money was bullish pre the news, and are just using this as an excuse to buy more at bargain prices. Gap downs with signs of strength are surely excellent signs for higher prices in the future - perhaps not immediate, but medium term absolutely yes.
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #14,096
  • Feb 24, 2011 5:30pm Feb 24, 2011 5:30pm
Nok is going to rip, I also like the accumulation going on in TNK Nyse listed.
  • #14,097
  • Feb 24, 2011 5:30pm Feb 24, 2011 5:30pm
sorry to burst your bubble but futures volume in asian globex mean nothing



Quoting rbumbalough
Hello Friends: The below chart shows a test in rising market that occurred in the May WTI crude oil contract early this morning. May WTI was up on low vol into prior resistance after heavy short selling. New sellers came in only to be meet by heavy short covering by long interest who shorted CLK down earlier. This they did to support their market with no cost to themselves. The squat down bar labeled 2 was on higher volume that told the classic tale of an operator supporting her/his market.(There is nothing new in speculating except the tools by...
Blogging daily now at www.volume.zone
  • #14,098
  • Feb 24, 2011 6:01pm Feb 24, 2011 6:01pm
great to see other peoples opinion on stocks and commodities,just keep posting
  • #14,099
  • Feb 24, 2011 6:04pm Feb 24, 2011 6:04pm
Bought EUR/JPY @112.92 earlier on. Thought it was a nice test/no supply on the 20min chart. It triggered and I went through a large enough drawdown but there was buying on each dip so i stayed in. Eventually had enough and got out at BE. It's currently hovering around 113.35.

Shoulda. Woulda. Coulda.
  • #14,100
  • Feb 24, 2011 6:27pm Feb 24, 2011 6:27pm
Quoting Beljevina
We got ourselves a 25 pip M15 wick on a 35 pip candle, and what look like determined sellers ...
Nothing revolutionary nor VSAish in this post other than to immortalize another "when is a 25 pip wick top pin bar not a pin bar? When there's a 120 pip daily wick/rejection pushing you up."

Glad I held on setting some TPs just above NY's high after a seeming major rejection. Am quite amazed at the euro's journey/strength esp. given the USDJPY dump finally stopped & headed up ~45 pips (huge lately for UJ) AND EU did ~50 pips in the same time. There must be some impressive churn out of USD into euro. On a side note, glad to see my UJ bottom fishing paid on the last stop/channel right to the pip @ 81.6.

Waiting for previous week's high of 1.38614 to be challenged - Friday should be interesting and all sessions offer some good swing trading.
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