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vsa with Malcolm

  • #16,041
  • Mar 13, 2011 4:37pm Mar 13, 2011 4:37pm
Quoting pres78
No harm in playing the old fill the gap trade... was there a VSA signal to short or is it simply a gap trade?

Good chance that we could see that 3840-3830 as we get closer to or just after LO if we have an active Asian session, otherwise based on ADR it could be sometime during NY (if we get there). I would like to see Asia take it down there for a LO test / SO so I can ride it all the way back up. I have a few email alerts set for some levels incase we hit them before I get back up at 3AM to asess the pre LO action.
Word. what a coincidence? I did the same too.
It is true that one of the reason i took this trade was because of the gap. I believe gaps are to burn stops from fridays?
I waited for the first high hour candle to close and had the 5 minute lead me right underneath the 5 minute candle @ 11:45. I wanted to let the next hour go up again to see if it waffles up top, and so it does. I wanted to get in at the closing up top at 1.39845 but the 10 pips won't make a difference than considering the previous high. I also went back to the 4hr, and made sure 1.39886(which matches scarily close with the daily high) was a safe choice, and so it closed right under. I've decided to take a super risky short to be honest, as I am still trying to enter correctly.

I will let it go down 1.3870 and sit on till asia and london open like you said. better safe than sorry. who knows, ill watch it closely and stop at will...
  • #16,042
  • Mar 13, 2011 4:40pm Mar 13, 2011 4:40pm
Quoting PipPipPip
Word. what a coincidence? I did the same too.
It is true that one of the reason i took this trade was because of the gap. I believe gaps are to burn stops from fridays?
I waited for the first high hour candle to close and had the 5 minute lead me right underneath the 5 minute candle @ 11:45. I wanted to let the next hour go up again to see if it waffles up top, and so it does. I wanted to get in at the closing up top at 1.39845 but the 10 pips won't make a difference than considering the previous high. I also went back to the 4hr, and made sure...
Only sit on it if background still shows weakness...
Today's zone = Tomorrow's opportunity!
  • #16,043
  • Mar 13, 2011 4:41pm Mar 13, 2011 4:41pm
The only gap one sees in forex is on a retail platform.
  • #16,044
  • Mar 13, 2011 4:43pm Mar 13, 2011 4:43pm
Quoting Sonofsin5
The only gap one sees in forex is on a retail platform.
Very true... probably what most on here trade though.
Today's zone = Tomorrow's opportunity!
  • #16,045
  • Mar 13, 2011 5:02pm Mar 13, 2011 5:02pm
looks like a ND? or NS? bar up top that just finished on the last 5min

Short @ 1.3986
  • #16,046
  • Mar 13, 2011 5:14pm Mar 13, 2011 5:14pm
Quoting pres78
Only sit on it if background still shows weakness...
Pres,

do ou see what I see? March 3rd spike on the hourly. I am looking at today's 11:00am downbar closing below that. I am confused whether or not if that would be considered as a strong background to consider a reasonable risk averse trade....
  • #16,047
  • Mar 13, 2011 5:14pm Mar 13, 2011 5:14pm
Quoting PipPipPip
looks like a ND? or NS? bar up top that just finished on the last 5min

Short @ 1.3986
Good, at least there is a trigger now... since gaps are only a retail trading broker thingy (since the market itself runs 24/7 with price changing even after we stop trading on Friday) trading the gap you see by itself is deadly for your account. One must always have a trigger / set-up that gets them into a trade.
Today's zone = Tomorrow's opportunity!
  • #16,048
  • Mar 13, 2011 5:15pm Mar 13, 2011 5:15pm
Quoting PipPipPip
Pres,

do ou see what I see? March 3rd spike on the hourly. I am looking at today's 11:00am downbar closing below that. I am confused whether or not if that would be considered as a strong background to consider a reasonable risk averse trade....
I don't see anything as my broker has not opened yet for trading... another hour wait for me.
Today's zone = Tomorrow's opportunity!
  • #16,049
  • Mar 13, 2011 5:16pm Mar 13, 2011 5:16pm
What a rarity ... 6:15pm NY time, 200 pips down in EURJPY, 180 in GBPJPY, all in the last few minutes ..., all of 30 pips down in EURUSD. Yens & GY looking like stopping volume - 120 pip swing back north in GY ... amazing!
Attached Image (click to enlarge)
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  • #16,050
  • Mar 13, 2011 5:23pm Mar 13, 2011 5:23pm
Quoting pres78
I don't see anything as my broker has not opened yet for trading... another hour wait for me.
Darn. I know you would've entered this trade.
Quoting PipPipPip
Pres,

do ou see what I see? March 3rd spike on the hourly. I am looking at today's 11:00am downbar closing below that. I am confused whether or not if that would be considered as a strong background to consider a reasonable risk averse trade....
closed 2 lots @ 1.3945 for a easy 40 pip in 20 minutes
  • #16,051
  • Mar 13, 2011 5:27pm Mar 13, 2011 5:27pm
Quoting Beljevina
What a rarity ... 6:15pm NY time, 200 pips down in EURJPY, 180 in GBPJPY, all in the last few minutes ..., all of 30 pips down in EURUSD. Yens & GY looking like stopping volume - 120 pip swing back north in GY ... amazing!
Holi Molly Bajezus nazerus bowl! i'd shit in my pants trading those pairs for intraday..
  • #16,052
  • Mar 13, 2011 5:29pm Mar 13, 2011 5:29pm
look at it... higher volume than we had during last friday's london session... and the bar isn't ready yet.
this is before tokyo open
Attached Image (click to enlarge)
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Nihil Sine Deo.
  • #16,053
  • Mar 13, 2011 5:30pm Mar 13, 2011 5:30pm
Quoting Beljevina
What a rarity ... 6:15pm NY time, 200 pips down in EURJPY, 180 in GBPJPY, all in the last few minutes ..., all of 30 pips down in EURUSD. Yens & GY looking like stopping volume - 120 pip swing back north in GY ... amazing!
Yen crosses shall be very volatile over the next while...
Today's zone = Tomorrow's opportunity!
  • #16,054
  • Mar 13, 2011 5:31pm Mar 13, 2011 5:31pm
Quoting Scrat
look at it... higher volume than we had during last friday's london session... and the bar isn't ready yet.
Doesn't seem to be going very far for being such high volume...
Today's zone = Tomorrow's opportunity!
  • #16,055
  • Mar 13, 2011 5:32pm Mar 13, 2011 5:32pm
Quoting PipPipPip
Holi Molly Bajezus nazerus bowl! i'd shit in my pants trading those pairs..
Psychotic no doubt ... one can lose it more quickly than they come ... I am trading half of my usual risk - one really has to have experience with GY & EY, usually in the form is losses, lol - they just don't behave like the majors - and when a double whammy hits 'em, watch out ... it used to be GY tumbled 300 pips about ever 6 months during low liquidity times - this is probably one of those! I'm quite happy to grab 30/50 pips here and there, because I've just not been trading these with long term positions.

I can't get over the 130 pips down in in one 15 minute bar - the Kobe earthequake chart that someone posted a few pages back was fantastic & helpful!

Many thanks to ts63 for this - a must view for any yen traders:
Quoting ts63
.


http://www.forexfactory.com/showpost...ostcount=22630
  • #16,056
  • Mar 13, 2011 5:37pm Mar 13, 2011 5:37pm
Quoting Scrat
look at it... higher volume than we had during last friday's london session... and the bar isn't ready yet.
this is before tokyo open
I am a little curious of what will asia open do....
  • #16,057
  • Mar 13, 2011 5:42pm Mar 13, 2011 5:42pm
Quoting pres78
Good, at least there is a trigger now... since gaps are only a retail trading broker thingy (since the market itself runs 24/7 with price changing even after we stop trading on Friday) trading the gap you see by itself is deadly for your account. One must always have a trigger / set-up that gets them into a trade.
On the 5min chart, it has now closed below its 5m start today(stop burns up top), i am curious if this is a sign of weakbackground recovering back to bottom?
  • #16,058
  • Mar 13, 2011 5:43pm Mar 13, 2011 5:43pm
BTW: Jen crosses are sick so far today.
  • #16,059
  • Mar 13, 2011 6:02pm Mar 13, 2011 6:02pm
Quoting Scrat
look at it... higher volume than we had during last friday's london session... and the bar isn't ready yet.
this is before tokyo open
I think that broker is playing tricks with their volume/tick count here, Scrat ... that must be a localized/desk or some other kind of volume view that is not pure - I don't see how overall market volume can be that high in one of the most illiquid times, although it is extremely high for the time of day, based on my Citibank view. Check based on the tick/y-axis count. I think your broker also opened before 5pm EST ... eSignal GTIS would be the best to compare if anyone can post.
Attached Image (click to enlarge)
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  • #16,060
  • Mar 13, 2011 6:05pm Mar 13, 2011 6:05pm
it's oanda and it's a live account.
always opens before 5pm est - today opened at 12pm for example.

Quoting Beljevina
I think that broker is playing tricks with their volume/tick count here, Scrat ... that must be a localized/desk or some other kind of volume view that is not pure - I don't see how overall market volume can be that high in one of the most illiquid times, although it is extremely high for the time of day, based on my Citibank view. Check based on the tick/y-axis count. I think your broker also opened before 5pm EST ... eSignal GTIS would be the best to compare if anyone can post.
Nihil Sine Deo.
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