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vsa with Malcolm

  • #14,621
  • Mar 2, 2011 4:54am Mar 2, 2011 4:54am
Quoting popo
there no seller only buyer check hourly tf
Can't see any sellers or buyers without volume on your chart - can you repost it please?
Blogging daily now at www.volume.zone
  • #14,622
  • Mar 2, 2011 5:08am Mar 2, 2011 5:08am
hi guys,
here's my take on EU today.
I was underwater as i got some trades at 1.820ish to 1.810ish levels.
was holding them and added some more longs at 1.3760-1.3750ish levels during the asian session.

prices went on to move higher. I was looking at high volume up bars on H1,
but malcomlb mentioned heavy supply since yesterday's high at 1.3850 levels..
was cautious and hoped to exit around 1.3800 ish levels if we test it..

right now price just touched 1.3837ish levels, exited my earlier trades and holding on to a long from 1.3760ish levels..

nothing VSA about my comments but we might see a another cup formation and maybe push through the 1.3850 levels to reach 1.3860 and above finally..

but the huge supply volume bar during NY yesterday and high buying volume on last few hourly bars is in conflict to each other and still confusing me though..
Attached Image (click to enlarge)
Click to Enlarge Name: double tea cup formation.jpg Size: 174 KB
  • #14,623
  • Mar 2, 2011 5:20am Mar 2, 2011 5:20am
Interesting to watch this PA. Is this last hourly bar selling, or in my opinion more likely absorption volume/pushing through supply? I wouldn't be taking any trades right now until we see the results.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 1h 2nd mar.jpg Size: 200 KB
Blogging daily now at www.volume.zone
  • #14,624
  • Mar 2, 2011 5:23am Mar 2, 2011 5:23am
Quoting Steve Gill
Interesting to watch this PA. Is this last hourly bar selling, or in my opinion more likely absorption volume/pushing through supply? I wouldn't be taking any trades right now until we see the results.
well Steve the bar closed right at the top. And looking at 10m it seemes so coz we had a low volume down bar alomst looking likea test but just in the wrong place, followed by a shakeout look a like bar.
  • #14,625
  • Mar 2, 2011 5:25am Mar 2, 2011 5:25am
Quoting 1pipperhour
Well it is R1, maybe retrace form there and small counter trend trade. I don't really think of shorts right now.
yeah back to previous supply level of yesterday high volume area, i m hanging on to my long & SL now @ 3800, signs of NS would be nice now..
  • #14,626
  • Mar 2, 2011 5:31am Mar 2, 2011 5:31am
Quoting pete148
well Steve the bar closed right at the top. And looking at 10m it seemes so coz we had a low volume down bar alomst looking likea test but just in the wrong place, followed by a shakeout look a like bar.
On my 10 minute it looks like 2 tests and then a little bit of buying on the down bar before the current bar. We'll see what happens now, very interesting times - is the supply there - or are we pushing north?

Who says Forex isn't exciting LOL
Attached Image (click to enlarge)
Click to Enlarge Name: eur 10m 2nd mar.jpg Size: 194 KB
Blogging daily now at www.volume.zone
  • #14,627
  • Mar 2, 2011 5:31am Mar 2, 2011 5:31am
Quoting willkohsg
hi guys,
here's my take on EU today.
I was underwater as i got some trades at 1.820ish to 1.810ish levels.
was holding them and added some more longs at 1.3760-1.3750ish levels during the asian session.

prices went on to move higher. I was looking at high volume up bars on H1,
but malcomlb mentioned heavy supply since yesterday's high at 1.3850 levels..
was cautious and hoped to exit around 1.3800 ish levels if we test it..

right now price just touched 1.3837ish levels, exited my earlier trades and holding on to a long from 1.3760ish levels.....
Nice scenario, if it ND now we might see some action back down to 3785 area to hopefully propel price upwards ...
  • #14,628
  • Mar 2, 2011 5:33am Mar 2, 2011 5:33am
Quoting Steve Gill
Who says Forex isn't exciting LOL
Some days drive you mad. Like this Monday when my week started with losing trade. Bad sign
  • #14,629
  • Mar 2, 2011 5:49am Mar 2, 2011 5:49am
This might be top for now

I will look for short

EURUSD from this level 1.3830
Work smart not hard
  • #14,630
  • Mar 2, 2011 5:52am Mar 2, 2011 5:52am
ADP Non Farm in 1.5 hours - might rest around here for a while. Interesting that it's above my POC though.
Blogging daily now at www.volume.zone
  • #14,631
  • Mar 2, 2011 6:11am Mar 2, 2011 6:11am
Quoting sony
This might be top for now

I will look for short

EURUSD from this level 1.3830
I dont know bud, 1h just printed a NS. And 10min setting up nicely for a long, only problem is we have strong ressistance were alot of retail traders will be selling.

But dont let me change your thinking
  • #14,632
  • Mar 2, 2011 6:18am Mar 2, 2011 6:18am
Quoting pete148
I dont know bud, 1h just printed a NS. And 10min setting up nicely for a long, only problem is we have strong ressistance were alot of retail traders will be selling.

But dont let me change your thinking
I wouldn't really consider that hourly bar a NS. Closer to an upthrust, but that's my opinion I guess!

Edit; Actually TG has put a weakness symbol on it. Trade those at your own peril of course.
  • #14,633
  • Mar 2, 2011 6:24am Mar 2, 2011 6:24am
M5 and M10 are very bull flagish.
  • #14,634
  • Mar 2, 2011 6:25am Mar 2, 2011 6:25am
Quoting kave
yeah back to previous supply level of yesterday high volume area, i m hanging on to my long & SL now @ 3800, signs of NS would be nice now..
It hit supply at 1.3839...hard to have NS now...but possible...
The Market pays you to be disciplined
  • #14,635
  • Mar 2, 2011 6:28am Mar 2, 2011 6:28am
Trade I took just before LO... I had the chart all pulled and marked up to post but the baby woke up and I had to go...

1. Highest volume 5 min bar so far today, possible trigger
2. First test of this trigger
3. 3AM my time (1hr before LO) when I got up
4. Another higher volume test of the trigger level still unable to make lower lows... Entered on break of this bar.

Entry 3752, SL nice and tight at daily low 3741, TP 1 at 3762, TP 2 is set at 3842 just shy of that stubborn 3850.

As of right now we have come close (3839) but it hasn't hit. Will keep an eye on it as we get closer to news and may close out manually. Have currently moved SL for lot 2 to 3782 and locked in 30 pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
Today's zone = Tomorrow's opportunity!
  • #14,636
  • Mar 2, 2011 6:33am Mar 2, 2011 6:33am
My brief analysis of EU late Asian and London Open for 03*02*11

Many Thanks to The Readers and Please Do Correct My Wrong Understanding of VSA Expressed In These Charts.

Pres78's trade detailed above correctly specified the proper place to get long off this setup on an upside break of the 15M NS test at bar C after the shake down to the low of A. Kudos to Pres78 and all who made money off this today.
******************
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h test 3-2-11.gif Size: 23 KB
Click to Enlarge Name: eu 15m lo bull setup 3-2-11.gif Size: 26 KB
  • #14,637
  • Mar 2, 2011 6:34am Mar 2, 2011 6:34am
Quoting pres78
Trade I took just before LO... I had the chart all pulled and marked up to post but the baby woke up and I had to go...

1. Highest volume 5 min bar so far today, possible trigger
2. First test of this trigger
3. 3AM my time (1hr before LO) when I got up
4. Another higher volume test of the trigger level still unable to make lower lows... Entered on break of this bar.

Entry 3752, SL nice and tight at daily low 3741, TP 1 at 3762, TP 2 is set at 3842 just shy of that stubborn 3850.

As of right now we have come close (3839) but it hasn't hit....
Very nice.
  • #14,638
  • Mar 2, 2011 6:38am Mar 2, 2011 6:38am
Quoting pres78
Trade I took just before LO... I had the chart all pulled and marked up to post but the baby woke up and I had to go...

1. Highest volume 5 min bar so far today, possible trigger
2. First test of this trigger
3. 3AM my time (1hr before LO) when I got up
4. Another higher volume test of the trigger level still unable to make lower lows... Entered on break of this bar.

Entry 3752, SL nice and tight at daily low 3741, TP 1 at 3762, TP 2 is set at 3842 just shy of that stubborn 3850.

As of right now we have come close (3839) but it hasn't hit....
Looking at this now the very next 5min bar after the two upbars shown after my entry actaully printed as a NS giving another possible entry point.
Today's zone = Tomorrow's opportunity!
  • #14,639
  • Mar 2, 2011 6:40am Mar 2, 2011 6:40am
What i see in gbp/usd m10 is weakness. But be careful, since prior to ADP news.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m10.gif Size: 32 KB
  • #14,640
  • Edited 8:18am Mar 2, 2011 6:42am | Edited 8:18am
Quoting malcolmb14
small time frame the picture is not often clear
larger time frame picture clear as day.
Who the hell would buy into this ?

http://www.forexfactory.com/attachme...1&d=1299044861
smaller TF traders would still buy into that... seems like they are going back to the top , to distribute further..?

-----------------------------
Quoting malcolmb14
...Looks for any moves up and signs of weakness in the 1,3780 area in london
Hi Mal, i was looking to see if there was sign of weakness / nd into the 1.3780 area, because i also thought i saw weakness at that previous level on M15... now that the price goes through that 1.3780 level, the weakness spotted previously becomes invalid already?

or is it that the weakness spotted at the previous 1.3780 was only just enough to take price to 1.3742..?,

your thoughts/comments please..,

---> Thanks Mal for reply in post #14648

-----------------------------

Hi rbumbalough,

i wanted to send you a private message but it was disabled, i wish to re-post this again in case you have missed my post in the last 10 pages.. pls help, thank you!
Post #14469 on page 965 :
http://www.forexfactory.com/showthre...54#post4437954
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