widening of spead and looks like shakeoutiness, if im right Market makers widens the spread, which means there getting ready for a move.
Will be looking for a long setup around 8350
"01101110 01100101 01111010 01101001 01101101"
- #14,721
- Mar 3, 2011 7:14am Mar 3, 2011 7:14am
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
- #14,723
- Mar 3, 2011 7:22am Mar 3, 2011 7:22am
Let's try break 1.40 before we look for entries at 1.8350
thinks its a good idea
- #14,726
- Mar 3, 2011 7:34am Mar 3, 2011 7:34am
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
Fuck me that went quick.
Was very close to being stopped out @ 1.3827 now i've just hit profit target @ 1.3915
Never any doubt..
Was very close to being stopped out @ 1.3827 now i've just hit profit target @ 1.3915
Never any doubt..
- #14,728
- Mar 3, 2011 7:36am Mar 3, 2011 7:36am
- Joined Jun 2010 | Status: Trader | 1,509 Posts
So now we know how good news for dollar looks like 
Whats going on? Did USA start a war? Good news on unemployment plans and dollar got so weaken? Or i m reading news wrong=g? Are we going to hit bottom now?
Almost 100pips bar on 5min .WOW
Now it just has to go down, I have to look for short
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
- #14,732
- Mar 3, 2011 7:53am Mar 3, 2011 7:53am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
- #14,734
- Mar 3, 2011 7:56am Mar 3, 2011 7:56am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
- #14,735
- Mar 3, 2011 8:12am Mar 3, 2011 8:12am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #14,736
- Mar 3, 2011 8:17am Mar 3, 2011 8:17am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #14,737
- Mar 3, 2011 8:24am Mar 3, 2011 8:24am
- Joined Dec 2009 | Status: Trader | 2,367 Posts
lol. after serious reassesment, had reliazizing the amount of screen time needed, to enter at 1.8350. I drather look for 1.3850.
thinks its a good idea
- #14,738
- Edited 9:59am Mar 3, 2011 8:26am | Edited 9:59am
hi guys was wondering if the more experienced VSAers
here could explain with a chart what we just saw in EU just now.
I seen stopping volume on M5 on EURUSD just before the rocket move
attached a before and after chart on M5
my question is: how can we use VSA in this case to get in longs before the
price move?
GU Long
This is my analysis of GU, please feel free to comment if i make any mistakes on interpretation thanks a lot
I had entered a Long GU at the high volume M15 down candle during the London Session,
It showed me what i thought was hidden buying as price did not fall strongly down after that high spread candle also
2)confluence of 61.8 fib level of the move that acted as resistance and
3)we're in the demand zone that has been bounced off several times in the past 2 days.
closed out most and holding a few positions to bring over to next week if NFP dont spike them out
here could explain with a chart what we just saw in EU just now.
I seen stopping volume on M5 on EURUSD just before the rocket move
attached a before and after chart on M5
my question is: how can we use VSA in this case to get in longs before the
price move?
GU Long
This is my analysis of GU, please feel free to comment if i make any mistakes on interpretation thanks a lot
I had entered a Long GU at the high volume M15 down candle during the London Session,
It showed me what i thought was hidden buying as price did not fall strongly down after that high spread candle also
2)confluence of 61.8 fib level of the move that acted as resistance and
3)we're in the demand zone that has been bounced off several times in the past 2 days.
closed out most and holding a few positions to bring over to next week if NFP dont spike them out
- #14,739
- Mar 3, 2011 8:48am Mar 3, 2011 8:48am
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #14,740
- Mar 3, 2011 8:50am Mar 3, 2011 8:50am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Got up a little later this morning (around 5 AM) around 1 hr after LO. Had to leave for work around 6AM so I watched the charts off and on as I got ready. I entered at 5:50 AM right before I left arfter a nice NS printed after a SO on the 15min. I got very lucky on this one... TP 1 was hit on the initial move up. Now here is where I got very lucky... Lot 2 was opened the same time as lot 1 but I didn't set my SL or TP 
.
When I got to work I checked quickly and TP 1 had been hit and trade 2 was obviously still open (still didn't notice it was unprotected). I have been in and out of meetings all morning and completely forgot that we had some potential high impact news coming out this AM. News release spiked down close to where my SL should have been on lot 2 and if it had of kept going and spiked down the way it went up I would have been in a bad place.
Anyway just closed out lot 2 at 3945 so it all worked out... more valuable than the pips though is the lesson learned.
.When I got to work I checked quickly and TP 1 had been hit and trade 2 was obviously still open (still didn't notice it was unprotected). I have been in and out of meetings all morning and completely forgot that we had some potential high impact news coming out this AM. News release spiked down close to where my SL should have been on lot 2 and if it had of kept going and spiked down the way it went up I would have been in a bad place.
Anyway just closed out lot 2 at 3945 so it all worked out... more valuable than the pips though is the lesson learned.
Today's zone = Tomorrow's opportunity!