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vsa with Malcolm

  • #15,141
  • Mar 7, 2011 9:47am Mar 7, 2011 9:47am
Quoting duyk20
Anyone watching gu, way too oversold, strength in the background as well
30m also @ strong demand level
IMHO we aren't stopping until at least 6200... not personally seeing much strength ATM also just a little over an hour until London goes home. May see a retrace move up leading into or just after that but ATM not very sure.
Today's zone = Tomorrow's opportunity!
  • #15,142
  • Mar 7, 2011 9:55am Mar 7, 2011 9:55am
Quoting pres78
IMHO we aren't stopping until at least 6200... not personally seeing much strength ATM also just a little over an hour until London goes home. May see a retrace move up leading into or just after that but ATM not very sure.
Now that 5min squat followed by a SO might give some hints of strength... would need a trigger candle, NS or test though to get in... still not sure how much up move we could see from here.
Today's zone = Tomorrow's opportunity!
  • #15,143
  • Mar 7, 2011 9:56am Mar 7, 2011 9:56am
Quoting pres78
Now that 5min squat followed by a SO might give some hints of strength... would need a trigger candle, NS or test though to get in... still not sure how much up move we could see from here.
Hi pres78, could u show a chart on that squat on M5 ?
thanks
  • #15,144
  • Mar 7, 2011 10:00am Mar 7, 2011 10:00am
Quoting willkohsg
Hi pres78, could u show a chart on that squat on M5 ?
thanks
It's actually a bit messed up... the 5 yellow lines from left to right.

1. Buyers?
2. ND
3. Squat type bar on increase in vol with no spread to match unable to make a new low
4. SO
5. NS of sorts closing on it's low

Might see a retrace from here but the set-up is too messy for my liking.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #15,145
  • Mar 7, 2011 10:06am Mar 7, 2011 10:06am
Quoting pres78
It's actually a bit messed up... the 5 yellow lines from left to right.

1. Buyers?
2. ND
3. Squat type bar on increase in vol with no spread to match unable to make a new low
4. SO
5. NS of sorts closing on it's low

Might see a retrace from here but the set-up is too messy for my liking.
many thanks pres78, ur charts and explaination are very clear.
thanks again
  • #15,146
  • Mar 7, 2011 10:11am Mar 7, 2011 10:11am
Quoting willkohsg
many thanks pres78, ur charts and explaination are very clear.
thanks again
No problem... PA is very messy ATM and nothing I see that is tradeable (for me anyway). GU 5 min bars are up, down, up, down. That SO bar would have had more interest for me on another time of day and had that tiny little ND no printed just before it.

Definately seems to have found some support though as we had another tiny spread, high vol 5 min downbar (squat) that just printed still with no result and no lower low or lower close.
Today's zone = Tomorrow's opportunity!
  • #15,147
  • Mar 7, 2011 10:19am Mar 7, 2011 10:19am
i have an odd felling we are in for some significant retrace in eu now. not really based on anything concrete but the dailys have looked to me like they may be getting weaker, not enough progress for the volume, bars small spread. more just a feeling than anything so ive sold above 4000, stop at BE so ill see what happens.
  • #15,148
  • Mar 7, 2011 10:22am Mar 7, 2011 10:22am
Quoting pres78
Definately seems to have found some support though as we had another tiny spread, high vol 5 min downbar (squat) that just printed still with no result and no lower low or lower close.
Just been talking about this with Malc. Look at the 2 hour, we are at a support level. We need to see what happens from here. Also look at the volume (or lack of) on the upmove to 1.63.

I'm still short term bearish.
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  • #15,149
  • Mar 7, 2011 10:25am Mar 7, 2011 10:25am
Quoting Steve Gill
Just been talking about this with Malc. Look at the 2 hour, we are at a support level. We need to see what happens from here. Also look at the volume (or lack of) on the upmove to 1.63.

I'm still short term bearish.
Even that wide spread, low volume up bar (last blue bar with the red triangle) is definately quite weak looking... not much volume at all for such a wide spread bar.
Today's zone = Tomorrow's opportunity!
  • #15,150
  • Mar 7, 2011 10:27am Mar 7, 2011 10:27am
Quoting 1pipperhour
Why the hell are you working and not trading full time
I would love to make the leap but things just aren't right at the moment.
  • #15,151
  • Mar 7, 2011 10:27am Mar 7, 2011 10:27am
Quoting 1pipperhour
EU daily volume looks very high already. Look at the candle. It's so small. Any ideas experienced traders?
I'm not one of the experienced guys but if you'll let me throw my tuppence worth in. Look at the volume on the 8 hour - not much selling here. We need to see what the US session brings but I'm not convinced we're anywhere near EORM.
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  • #15,152
  • Mar 7, 2011 10:40am Mar 7, 2011 10:40am
After today's secondary test (ST) on the level Z (prelim supply). I am expecting a test on level X as resistance to see thru price to target at level Y & W respectively.

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  • #15,153
  • Mar 7, 2011 10:46am Mar 7, 2011 10:46am
ES gave me an even better entry this morning , much thanks to DR geppy talking me thru the pre market action today while i was in the gym . We nailed it 1325. still in

Quoting malcolmb14
last 10 min highest volume of day ....

will be looking for sells under the trend cluster under the low of that bar 1317 area , stop 1321 , tp maybe 1300

Attachment
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  • #15,154
  • Mar 7, 2011 10:48am Mar 7, 2011 10:48am
Quoting malcolmb14
ES gave me an even better entry this morning , much thanks to DR geppy talking me thru the pre market action today while i was in the gym . We nailed it 1325. still in
Well done guys, always nice to see.
  • #15,155
  • Mar 7, 2011 10:49am Mar 7, 2011 10:49am
steve as we spoke baout on weekend and today looks like distribution to me. I am in a sell 1.6290 , holding for 6150 , stopped out last night for -30 pip on 1st attempt

Quoting Steve Gill
Just been talking about this with Malc. Look at the 2 hour, we are at a support level. We need to see what happens from here. Also look at the volume (or lack of) on the upmove to 1.63.

I'm still short term bearish.
Blogging daily now at www.volume.zone
  • #15,156
  • Mar 7, 2011 10:49am Mar 7, 2011 10:49am
Quoting malcolmb14
ES gave me an even better entry this morning , much thanks to DR geppy talking me thru the pre market action today while i was in the gym . We nailed it 1325. still in
Nice team effort...
Today's zone = Tomorrow's opportunity!
  • #15,157
  • Mar 7, 2011 10:49am Mar 7, 2011 10:49am
Quoting Steve Gill
I'm not one of the experienced guys but if you'll let me throw my tuppence worth in. Look at the volume on the 8 hour - not much selling here. We need to see what the US session brings but I'm not convinced we're anywhere near EORM.
Food for thought.
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  • #15,158
  • Mar 7, 2011 10:50am Mar 7, 2011 10:50am
it is all in the background lol.....

globex was used just to mark her up for discount selling

remember all vsa is all about background.

I do not love the way eu struggling with 1.4.. I am out of that focused on es oil and gu and even GJ .. Stve and I spoke about the 134 sell on weekend for 150 pip.

Again look at the 4 hour charts , nasty ut on Friday

Quoting Intel
Well done guys, always nice to see.
Blogging daily now at www.volume.zone
  • #15,159
  • Mar 7, 2011 10:51am Mar 7, 2011 10:51am
I suppose this High volume churn on EU is significant since it is just above 1.4 before the drivedown?

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  • #15,160
  • Mar 7, 2011 10:53am Mar 7, 2011 10:53am
Quoting malcolmb14
steve as we spoke baout on weekend and today looks like distribution to me. I am in a sell 1.6290 , holding for 6150 , stopped out last night for -30 pip on 1st attempt
Might I ask out of curiosity why you chose 6150 as your target?
Today's zone = Tomorrow's opportunity!
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