vsa with Malcolm

es 1315 sell ... 1300 tp .... wish me luck

Anyone got a 15m EU chart? This is my new Oanda volume and I'm curious to see how it compares to your 15m

Edit: Just want to note that the initial balance (first hour of the trading session high and low) indicator is not set correctly in that chart, for what it's worth. The lines are great for bounces with the trend and TPs, the indi is made by our friend tgwhbb

Good Luck Mal.

61.8% + Oversold + Positive Divergence; Risk 1%

nasty supply entering the market above us , not much reason to long this just yet .. look more like that support is going to fail. I would only long is trend changed and we got a nice test

EUR/USD continue from last post.

As my bias is still Long, I can see from my previous EUR/USD charts that I don't comment much on possible Short entries lessening my objectivity.
Here I am commenting on possible Short entries where I see them even though my bias is still Long for now.


Action for Fri 25-Feb.
Action from 5th Box down 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.
- The price Thu 24-Feb actually touched Daily Resistance of 1.3820, as expected.
- Now possible indecision or range around 1.3800 to 1.3860.
- Fri 25-Feb turned out as expected a Range day, but with lower prices, almost an inside day to Thu.


H1:
- Originally only drawn 1st Box to 4th Box. Now drawing further boxes with same idea.
- May need to re-adjust the 5th and 6th box due to the Daily Resistance of 1.3820. Just wait for the box to develop.
- The Black Lines for Boxes were previously drawn, just extended only without changing much on the price.
- Fri 25-Feb, price went up as high 1.3838 with overall low vol, and more Upper Wicks, during Asian, signal Temporary Weakness.
- Price went below 5th Box Low with Low Vol for a Possible Short around 1.3777.
- In 4th Box, there was a low vol ND that touch test the previous Wide Doji Low, for an Ideal Short around 1.3751.



M15:
- Originally only drawn 1st Box to 4th Box. Now drawing further boxes with same idea.
- May need to re-adjust the 5th and 6th box due to the Daily Resistance of 1.3820. Just wait for the box to develop.
- All the long horizontal lines were previously drawn, just extended only without changing much on the price.
- 4th Box was around 80pips.
- Price went from High 4th Box to Low 4th Box, back to High 4th Box.
- Perfect bounce Test of 4th Box Low for ideal Long entry around 1.3704.
- Price then slowly go up into 5th Box to touch Daily Resistance 1.3820, as expected.
- That was the UpThrust to Resistance. Followed by a DownThrust.
- This combination of UpThrust and DownThrust is Indecision.
- Now can see 5th Box has congestion around the box lows during Asia.
- This congestion at 5th Box Low is looking different to the other boxes low.
- Price may not bounce off this 5th Box Low yet, but go down into 4th Box.
- Wait for future Test of the DownThrust Low around 1.3765 to see where price is going.
- Fri 25-Feb show prices crept up into 5th Box.
- In 5th Box there was a mini UpThrust, and higher prices associated with overall low vol, signal Temp Weakness.
- The 2 Bars Reversal Down started the down trend.
- As prices approach the 5th Box Low, there was NO bounce on this low.
- This NO bounce was expected due to earlier comment of Congestion at this area.
- At 5th Box Low, there was a low vol ND for a Possible Short around 1.3783.
- Then there was a Test High of 5th Box Low with High Vol.
- In 4th Box, there was a low vol Test High of previous H1 Wide Doji Low of 1.3766.
- Straight after that Test High, followed a low vol ND for an Ideal Short around 1.3755.
- Now Mon 28-Feb, the earlier Asian touch a low of 1.3711 and a high of 1.3749. I am still eager to go Long, but better to wait until back at PC during US session.
- Now waiting for a future bounce of 4th Box Low around 1.3704 to see what is the reaction there. There is a possible zone of 1.3680 to 1.3712 for the reaction.


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


For Weakness, I be looking for H1 telling the Weakness of UpThrust to nowhere, increasing prices with low volume during busy sessions, or the new boxes width suddenly increasing or decreasing by a big margin.
It could still range for a while.

For confirming Strength, waiting for some ShakeOut, Test Low on some support, Reversal Bars, or lower prices associated with lower volume in busy sessions.

Shorting GU-M5 .6145, target 90-100.

shorts are not recommendable until those areas are cleared

http://img833.imageshack.us/img833/2...0228093240.png

this will go higher, just purely by comparing the reaction after the breakout of the 3790 highs.

the vol on this downbar is less than the previous two (so by definition no supply) nevertheless, it is way higher than the volume of most of the other bars on a very tight range. this indicates that they cap the downside, absorbing selling and sending a buy order for every sell order.

http://img593.imageshack.us/img593/8...0228095606.png

invitation to the bears- no demand at support in a downtrend.

http://img577.imageshack.us/img577/3...0228100558.png

I was long on EU @3781. SL was @3759. It hit it to the pip. Nice timing

3760 was a crucial level pipper.

3780 was the spot we sold off on friday.

i added 3760 with a 15p stop which most likely wouldn't get hit based on that area of massive support below.

instead of taking the trade, enter it when price reaches your stop level, you will be amazed

Nice one Doc, me too I'm learning everyday. Out already, massive resistance ahead
We could break 3860 today, common

take partial profits manually, if at all. for banking some and taking off risk e.g. 1/2 at 1,5x stopsize and let the rest ride with be and then trail the stops. let the market take you out otherwise you might miss the real moves.

Look at 1 min chart...You can almost see the robots WALKING on the chart...

gu even plays out nicer than my eur trade

honestly, this is easy and a present for the beginning of the week. gu 60 has done its work during asia and then nicely dipped.
everything you need. very bullish bar, followed by 3 tiny bars on reducing vol, so the reactive move makes no progress, even no supply at yesterdays close.

http://img577.imageshack.us/img577/3...0228102749.png

Just remembered that Malc. had posted a chart last week...the jist of it was that if Monday is an up day/down day the following week would be and down/up day....So if today turns out to be an UP day, the rest of the week could be DOWNISH...

Yet again, since we are in an up trend, we may not comply with this for the coming week...

Every rule has exeptions

This is just his crystal ball, lol
we got to have our logic
If it solid goes pass 3860, I'll long off from the test here and never look back

Im still holding my eu trade at the moment, we went up 60 pips and have had very little reaction on that downmove.
Infact i think it looks like 5 min is testing.

be intresting to see what the news is?