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vsa with Malcolm

  • #14,481
  • Mar 1, 2011 9:06am Mar 1, 2011 9:06am
Quoting pete148
congrats pres

but what a nws bar if this closes on the lows its a nice clue
Got lucky on this bar as it hit my target to the the pip before going down (SL would have be almost hit now). Now waiting to see if we are going lower or seeing a news shakeout.

Edit... SL would have been hit...
Today's zone = Tomorrow's opportunity!
  • #14,482
  • Mar 1, 2011 9:09am Mar 1, 2011 9:09am
Quoting ChinaWombat
would these be considered as "pushing up through supply" or need a few more green candles with solid volume?
lol I was posting at the same time as you. In short yes I think it ies, but I want on e more clear "tell " if it is and thats a return to the area of supply and a test. Looks like we will get it.
  • #14,483
  • Mar 1, 2011 9:10am Mar 1, 2011 9:10am
No interest in higher prices? I'll be looking for reaction towards 1.62575 in GU & the EU DPP & TL support @ 1.37905. Seeing a ND on EU 10min, usually a good timeframe for interim moves.
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  • #14,484
  • Mar 1, 2011 9:14am Mar 1, 2011 9:14am
There's your weakness :-) Was waiting for news before trade but could see was struggling to go higher through supply. Nice chart

Quoting ukdaytrader
Can anyone else see slight signs of weakness on the 15m TF? It's early I realise, but the increased volumes have not brought about a test of resistance. And background would suggest this is a key area.

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  • #14,485
  • Mar 1, 2011 9:16am Mar 1, 2011 9:16am
Quoting soulfx
There's your weakness :-) Was waiting for news before trade but could see was struggling to go higher through supply. Nice chart
Careful last couple of 5min bars looks like possible shake outs... waiting for confirmation... 3800 is still intact ATM.
Today's zone = Tomorrow's opportunity!
  • #14,486
  • Mar 1, 2011 9:19am Mar 1, 2011 9:19am
Quoting Sonofsin5
lol I was posting at the same time as you. In short yes I think it ies, but I want on e more clear "tell " if it is and thats a return to the area of supply and a test. Looks like we will get it.
falling asleep watching eurusd so started watching the loonie,
yup, think the downtrend line on usdcad should get retested to help confirm..
Catching a falling knife, no, I'm just trading the Gartley!
  • #14,487
  • Edited 9:20am Mar 1, 2011 9:19am | Edited 9:20am
There is massive accumulation on the Eur today, selling at 3840 and buying at 3800. You will see a break of this range on massive volume in a little while. I would wait for that telegram before destroying your account in this chop.
  • #14,488
  • Mar 1, 2011 9:23am Mar 1, 2011 9:23am
Quoting pres78
Careful last couple of 5min bars looks like possible shake outs... waiting for confirmation... 3800 is still intact ATM.
So we got the biggest spread M15 bar in days and highest volume, but it closed with some strength, obvious sign of absorption. But, likely to climb up again but usually with this combination, we'd be heading lower IMO. We do have Ben-speak underway, Q&A coming up, and the USD is looking pretty confused, as usual.
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  • #14,489
  • Mar 1, 2011 9:26am Mar 1, 2011 9:26am
Quoting Beljevina
So we got the biggest spread M15 bar in days and highest volume, but it closed with some strength, obvious sign of absorption. But, likely to climb up again but usually with this combination, we'd be heading lower IMO. We do have Ben-speak underway, Q&A coming up, and the USD is looking pretty confused, as usual.
If next 15min bar closes down then I would agree we could be seeing absorbtion of the demand at 3800 but if up then buyers are keeping 3800 in place... Sono is right we are stuck in a choppy range not worth trading ATM. 3800 and 3850 for me are key levels that I would like to see some low vol tests at to get in either long or short.
Today's zone = Tomorrow's opportunity!
  • #14,490
  • Mar 1, 2011 9:30am Mar 1, 2011 9:30am
yeah next couple of bars will be key plus how the 1h closes.
  • #14,491
  • Mar 1, 2011 9:34am Mar 1, 2011 9:34am
Fully agree on the M15 TF as the best indicator here.

I'm seeing things a little clearer on GU. Think we're heading towards support around 1.622 at least. That's a clear rejection above to me.

EDIT: Just looking at the M5 volume and bar prints - on EU, volume at the peak and low was exactly the same, and hence the bounce up higher and showing strength. On GU, buyers at the low were less than sellers, and GU's not bouncing as much. Obvious yes, just thought I'd point it out for it's consistentcy.
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  • #14,492
  • Mar 1, 2011 9:43am Mar 1, 2011 9:43am
Quoting Sonofsin5
lol I was posting at the same time as you. In short yes I think it ies, but I want on e more clear "tell " if it is and thats a return to the area of supply and a test. Looks like we will get it.
0.9713 area?

A lot of volume on current hourly bar, could this be selling or do you think it's all absorption?
  • #14,493
  • Mar 1, 2011 9:43am Mar 1, 2011 9:43am
Quoting Beljevina
Fully agree on the M15 TF as the best indicator here.

I'm seeing things a little clearer on GU. Think we're heading towards support around 1.622 at least. That's a clear rejection above to me.
GU still has buyers at that 6250 level which has not been cracked today. IMHO I wouldn't take anything short until we get below that point...
Today's zone = Tomorrow's opportunity!
  • #14,494
  • Mar 1, 2011 9:47am Mar 1, 2011 9:47am
We are stuck in 70 pips ranges ATM on both EU and GU... They will both break at some point this week... keep an eye on both boundries.
Today's zone = Tomorrow's opportunity!
  • #14,495
  • Mar 1, 2011 9:53am Mar 1, 2011 9:53am
Major pain-in-the-ass PA isn't it. 50 pips up, 50 pips down (GU) all in the last hour. No doubt on buyers at those lows we mentioned. But, a good deal of the 'strength' is because of USD - I'm not sure if my having USDJPY up alongside the xxxUSD pairs is a good thing or bad thing for me ...

Breaking the highs today is unlikely, as we're going into volume fall-off mode now. Although, USD declines will certainly help.
  • #14,496
  • Mar 1, 2011 9:53am Mar 1, 2011 9:53am
Quoting KinsaleForex
0.9713 area?

A lot of volume on current hourly bar, could this be selling or do you think it's all absorption?
9730, when I stated a high volume push I should have been more clear. If you look at the 15 min you see we have had a push on high volume into 9755 ish. Now a drop back into the area of launch which is the 9730 area. A 5 min chart shows this well.
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  • #14,497
  • Mar 1, 2011 9:57am Mar 1, 2011 9:57am
hello malcolm, intel and all other trader cand any one can change Better 1.Volume On Chart 1 1.4,mq4 2.Better Volume On Chart 2 1.4 3.Better Volume On 1.4.mq4 3.hull ma.mq4 in to mq5 then i can use mt5 to check in 2H TF 8TH AND 10MIN TF, Thank you
  • #14,498
  • Mar 1, 2011 10:00am Mar 1, 2011 10:00am
gbp/usd m3 scalping for 20 pips...
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  • #14,499
  • Mar 1, 2011 10:05am Mar 1, 2011 10:05am
Quoting Sonofsin5
9730, when I stated a high volume push I should have been more clear. If you look at the 15 min you see we have had a push on high volume into 9755 ish. Now a drop back into the area of launch which is the 9730 area. A 5 min chart shows this well.
Cool, thanks, I see what you're talking about now. Just wasn't sure of the price area.
  • #14,500
  • Mar 1, 2011 10:07am Mar 1, 2011 10:07am
Lots'o'selling in that USDJPY - I'd decided to not participate given the Ben factor - wrong move obviously.

Yet, I'm remembering the 3x greater USDJPY longers article over at forexlive. But, algos + others are simply selling this beast.
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