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vsa with Malcolm

  • #15,901
  • Mar 11, 2011 9:44am Mar 11, 2011 9:44am
Quoting Beljevina
one has to be pleased with the progress they do make.
Wise words...
Today's zone = Tomorrow's opportunity!
  • #15,902
  • Mar 11, 2011 9:51am Mar 11, 2011 9:51am
Quoting Peke5
I dont know about esignal or your broker but maybe they havent changed to june contract data yet, my broker with ninjatrader has at the beginning of this day.
Fair enough - I don't know enough about it. I'll look into it, many thanks for the heads up

btw my order was deleted as the price kept going up - happy with today. I did say I probably shouldn't be placing it as we were above yesterday's POC and it seemed to be holding
Blogging daily now at www.volume.zone
  • #15,903
  • Mar 11, 2011 9:53am Mar 11, 2011 9:53am
does anyone have any recommendations on any other brokers? I am already fed up with Oanda's MT4 platform. Their 4h chart is off by over 20 pips on the last two bars.... and they haven't fixed it since this morning. Beware of panda.

Edit: its been happening for over 1 week, and they haven't fixed any of it...
  • #15,904
  • Mar 11, 2011 9:54am Mar 11, 2011 9:54am
EU just printed a NS on the 15min (also a NR7 bar) but we are at the daily ADR and into the end of week low volume period... Not sure yet whether to close this out or hold it as a potential longer term position and move my SL back to BE at 3790...
Today's zone = Tomorrow's opportunity!
  • #15,905
  • Mar 11, 2011 10:07am Mar 11, 2011 10:07am
Quoting pres78
EU just printed a NS on the 15min (also a NR7 bar) but we are at the daily ADR and into the end of week low volume period... Not sure yet whether to close this out or hold it as a potential longer term position and move my SL back to BE at 3790...
I say bank it and celebrate a good trade/week!
  • #15,906
  • Mar 11, 2011 10:07am Mar 11, 2011 10:07am
Quoting pres78
EU just printed a NS on the 15min (also a NR7 bar) but we are at the daily ADR and into the end of week low volume period... Not sure yet whether to close this out or hold it as a potential longer term position and move my SL back to BE at 3790...

what is NS, NR7, ADR, and BE?
  • #15,907
  • Mar 11, 2011 10:08am Mar 11, 2011 10:08am
Quoting PipPipPip
what is NS, NR7, ADR, and BE?
No supply, lowest range in the last 7 bars, average daily range, break even
Today's zone = Tomorrow's opportunity!
  • #15,908
  • Mar 11, 2011 10:14am Mar 11, 2011 10:14am
Quoting KinsaleForex
I say bank it and celebrate a good trade/week!
Yes it ended up being a good week despite not taking my first trade until Wednesday after sleeping through 3 straight LO's and the 2 lots lost yesterday... A profitable week and looking forward to see what the charts tell us next week.
Today's zone = Tomorrow's opportunity!
  • #15,909
  • Mar 11, 2011 10:15am Mar 11, 2011 10:15am
Quoting pres78
EU just printed a NS on the 15min (also a NR7 bar) but we are at the daily ADR and into the end of week low volume period... Not sure yet whether to close this out or hold it as a potential longer term position and move my SL back to BE at 3790...
Your Long EU 1.3790 is at a nice low.
If got 2 lots, bank 1, keep 1.

I have a resistance around 1.3780, so may float around 3750 till 3780 for now.

If 1, bank it and sleep well over the weekend.

I wish I had bank what I had this week. Hmm.
Please remind me to bank also next time.
  • #15,910
  • Mar 11, 2011 10:21am Mar 11, 2011 10:21am
Quoting foxybunny
Your Long EU 1.3790 is at a nice low.
If got 2 lots, bank 1, keep 1.

I have a resistance around 1.3780, so may float around 3750 till 3780 for now.

If 1, bank it and sleep well over the weekend.

I wish I had bank what I had this week. Hmm.
Please remind me to bank also next time.
Will remind you whenever I can... yes it was a 2 lot trade which is how I normally trade... lot 1 was banked at 15 pips to match my SL risk and making trade 2 no risk even if SL had been hit.

Even if I move back to BE I keep my 15 pips from lot 1 in my pocket and remove risk all together... I just don't see the low from today being revisted next week... The last 2 daily bars are just looking too much like a SOS and well this week did take us down to test the 38.2 fib retrace of this latest leg up at 3800 (Same thing that happened on the first leg up) and we are going to close back above it this week (hopefully anyway).

These 38.2 retraces are very much a part of a sustained move up and are requried to gather steam (in this case to take on 1.4 and then 1.428).
Today's zone = Tomorrow's opportunity!
  • #15,911
  • Mar 11, 2011 10:21am Mar 11, 2011 10:21am
Quoting pres78
EU just printed a NS on the 15min (also a NR7 bar) but we are at the daily ADR and into the end of week low volume period... Not sure yet whether to close this out or hold it as a potential longer term position and move my SL back to BE at 3790...
NS or ND? not seeing the NS.
  • #15,912
  • Mar 11, 2011 10:25am Mar 11, 2011 10:25am
Quoting inks2002
NS or ND? not seeing the NS.
NS... 2 of 3 red bars printed as NS...
Attached Image
Today's zone = Tomorrow's opportunity!
  • #15,913
  • Mar 11, 2011 10:35am Mar 11, 2011 10:35am
Quoting PipPipPip
does anyone have any recommendations on any other brokers? I am already fed up with Oanda's MT4 platform. Their 4h chart is off by over 20 pips on the last two bars.... and they haven't fixed it since this morning. Beware of panda.

Edit: its been happening for over 1 week, and they haven't fixed any of it...
On the live platform? That's terrible. Frankly, I think their MT4 implementation is nothing to write home about - it's a minor gripe I suppose, but they write over the comment field to index things back to their already in-place trading environment. And their margin is silly - with a $10K account, I can't buy more than 2 lots, and then you get 'off quotes' message, which is their way of saying 'you have to more buying power.'

Check out MB Trading if you're staying (US) onshore? Their performance and up time is quite good IMO, and I comfortably recommend them over Oanda.
  • #15,914
  • Mar 11, 2011 10:36am Mar 11, 2011 10:36am
Quoting pres78
NS... 2 of 3 red bars printed as NS...
gotcha, was on wrong timeframe.
  • #15,915
  • Mar 11, 2011 11:04am Mar 11, 2011 11:04am
Quoting pres78
Here is why I haven't closed out yet...
Damn nice analysis, you deserve the money you banked off that trade 100%!
  • #15,916
  • Mar 11, 2011 11:05am Mar 11, 2011 11:05am
Quoting Sonofsin5
Eur
It ended up making it right to your target... nice call.
Today's zone = Tomorrow's opportunity!
  • #15,917
  • Mar 11, 2011 11:05am Mar 11, 2011 11:05am
Quoting Beljevina
And their margin is silly - with a $10K account, I can't buy more than 2 lots, and then you get 'off quotes' message, which is their way of saying 'you have to more buying power.'
yeah I have a small oanda account (which was my main account for most of the last 2 years), they only give 50:1 leverage, i can open trades so much bigger on my other account (and wipe out even quicker!! lol)! of course the reason for going to them in the first place most of all I really liked their platform, and still do. I just love having the limit orders/tp and sl lines on the chart and being able to quickly click them and move them right where i want them, just makes things so much easier and quicker, really nice platform. only other platform ive seen that i liked as much was CMC markets, really liked their new platform but wasnt so sure if they were a good broker or not so i skipped it.
  • #15,918
  • Mar 11, 2011 11:06am Mar 11, 2011 11:06am
Quoting pres78
EU just printed a NS on the 15min (also a NR7 bar) but we are at the daily ADR and into the end of week low volume period... Not sure yet whether to close this out or hold it as a potential longer term position and move my SL back to BE at 3790...
Alright, i looked over the definitions, and trying to put an understanding with my own understanding of charts.

(4hr)If today can close at the new resistance, and below the high 1.3928 (high volume?), we might see a touch of early march's weekly. There looks to be some volume there with this week's bar ending. If we do close at above today at that range (3928), I hope it will hold above march 3rd week's volume bar if we go down again next week. and up we go?

Today's 4hr tested the area of Feb 27th which followed the previous 4hr bar at the same low, which ended in a rejection. Today's daily went down to test the previous daily highs (high volume?) following its previous day's test (2 test total). Also, today;s daily also tested this week's low again, and last couple weeks high. If this next 4hr closes at 1.3975, and end of day+4hr closes below 1.3928, weekly closing below its opening, we might see another test next week, and can possibly test 1.3760 -1.3770 again.

Well what about background strength to base where this long term trend is going?

From all the rejections, range i am looking at will be 3760 - 1.3942/1.4030
Once we pass 4030, i will post where i see this will be going.
For now, who knows, it can go down like what malcolm said most people here says will go 1.1?

No trades for me until monday.

Sorry with some brackets. I am still trying to plug those in with my knowledge of volume.
  • #15,919
  • Mar 11, 2011 11:07am Mar 11, 2011 11:07am
Quoting foxybunny
Any other takers for below quiz ??

More takers with answers mean more different observations for us to learn from.

Quiz: Look at EUR/USD HI 9-Mar chart and tell me "What did I miss here ???"
Tnx, Foxybunny..made me think about that one...missed it.
  • #15,920
  • Mar 11, 2011 11:08am Mar 11, 2011 11:08am
Quoting FrankSA
Damn nice analysis, you deserve the money you banked off that trade 100%!
Thanks for that... very appreciated.
Today's zone = Tomorrow's opportunity!
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