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vsa with Malcolm

  • #16,201
  • Mar 15, 2011 2:02am Mar 15, 2011 2:02am
Short EU at 3938...

Chart later...

SL 3948, TP 1 hit at 3928, TP 2 open and now a free trade.
Today's zone = Tomorrow's opportunity!
  • #16,202
  • Mar 15, 2011 2:09am Mar 15, 2011 2:09am
Quoting pres78
Short EU at 3938...

Chart later...

SL 3948, TP 1 hit at 3928, TP 2 open and now a free trade.
Trade closed TP 2 at 3918... I think this is pre LO SO building / mark down in prep for what is expected as good EU high impact news in 3hrs... Quick in and out for 30 pips so a nice start to the morning.
Today's zone = Tomorrow's opportunity!
  • #16,203
  • Mar 15, 2011 2:18am Mar 15, 2011 2:18am
What is LO SO (London ???)?

Ox
Quoting pres78
Trade closed TP 2 at 3918... I think this is pre LO SO building / mark down in prep for what is expected as good EU high impact news in 3hrs... Quick in and out for 30 pips so a nice start to the morning.
  • #16,204
  • Mar 15, 2011 2:18am Mar 15, 2011 2:18am
Quoting Oxford
What is LO SO (London ???)?

Ox
London Open.
Today's zone = Tomorrow's opportunity!
  • #16,205
  • Mar 15, 2011 2:24am Mar 15, 2011 2:24am
i don't think we hit rock bottom yet. this tokyo session doesn't look like a retrace, it made an important lower low - most likely london will take it further down.

Quoting pres78
Trade closed TP 2 at 3918... I think this is pre LO SO building / mark down in prep for what is expected as good EU high impact news in 3hrs... Quick in and out for 30 pips so a nice start to the morning.
Nihil Sine Deo.
  • #16,206
  • Mar 15, 2011 2:37am Mar 15, 2011 2:37am
Quoting Scrat
i don't think we hit rock bottom yet. this tokyo session doesn't look like a retrace, it made an important lower low - most likely london will take it further down.
Perhaps... I could see a mark down / SO into 3860 to reach ADR before bringing it back up... Also it did make a lower low, but not a lower close and buyers came in on the bar that originally made the first lower low.
Today's zone = Tomorrow's opportunity!
  • #16,207
  • Mar 15, 2011 2:46am Mar 15, 2011 2:46am
Quoting sony
Today i did not took any trade

I was somehow in bearsh mood all day coos i was secure that we will go down to test 1.3850 or 1.3825 area but that never happend

For tomorrow i will go in an long...
Nice turning point calls, laid out well before it occured. Hope you traded it.

I agree with Scrat, that we're not done yet with the lows. FOMC could take this thing up, but there is no playbook given unfolding events. I wonder if SM had a differing plan, how they change it. If risk aversion takes hold for the next few sessions, I see dips down into 1.383/1.37x as possible.

I've been on about distribution around & below that 1.4 top - my estimate is SM was waiting for the news catalyst. Just hard to predict how low they can have it go - 1.3650 had supply and then 1.35 I see as a last stop which if it fails confirms a medium term trend change for me.
  • #16,208
  • Mar 15, 2011 3:08am Mar 15, 2011 3:08am
Aussie dollar showing some nice strength on the 1h. Highest in 5 days. A NS on 30 or 15 would be nice.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-15-TOS_CHARTS.jpg Size: 166 KB
  • #16,209
  • Mar 15, 2011 3:11am Mar 15, 2011 3:11am
Quoting SimpleDev
Aussie dollar showing some nice strength on the 1h. Highest in 5 days. A NS on 30 or 15 would be nice.
not convinced thats strength, next bar was down, bar after that was down and turned into a pin, has moved back up on very low volume, AND it has now rejected the close of that high vol bar and started moving down again. looks weak i think. could go up though, its already doubled its average range.
  • #16,210
  • Mar 15, 2011 3:21am Mar 15, 2011 3:21am
Quoting ewokuk
not convinced thats strength, next bar was down, bar after that was down and turned into a pin, has moved back up on very low volume, AND it has now rejected the close of that high vol bar and started moving down again. looks weak i think. could go up though, its already doubled its average range.
I see what you are talking about, thanks for pointing that out.
  • #16,211
  • Mar 15, 2011 3:36am Mar 15, 2011 3:36am
Can someone tell me if 2 is a test? It closes not on its high nor in middle, but it looks like a test with lower volume. What do you think?

Number 1 looks very much like a good test!

Thanks!
Ox
Attached Image (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 81 KB
  • #16,212
  • Mar 15, 2011 3:43am Mar 15, 2011 3:43am
Quoting Oxford
Can someone tell me if 2 is a test? It closes not on its high nor in middle, but it looks like a test with lower volume. What do you think?

Number 1 looks very much like a good test!

Thanks!
Ox
Id say no2 was so selling pressure, which is a sign of strength
  • #16,213
  • Mar 15, 2011 4:36am Mar 15, 2011 4:36am
[quote=Beljevina;4471743]Nice turning point calls, laid out well before it occured. Hope you traded it.



Lol


Thanks Beljevina

But guys that is easy..What Mal and some of other PhD VSA masters here learned us

Just choose the highes volume bar from the day before..On lets say 2h chart

If it is up bar choose its low and close and put an line on it

If it is down bar same thing just choose its close and high this time and again mark those with a lines

Tomorrow you will see how price react on those levels and trade of those...A lot of miss trades but also a lot of nice ones

My goal is 100 pips a week so i should just pick up 2 , 3 days and that is it

But that is how i am doing...

I attached 1h chart aqnd you can see picture behind my story above

We broke down got an up move and what happend ..That up move was a smaller volume ..and bamm..we fell down
Attached Image
Work smart not hard
  • #16,214
  • Mar 15, 2011 4:37am Mar 15, 2011 4:37am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1h chart.jpg Size: 111 KB
Work smart not hard
  • #16,215
  • Mar 15, 2011 4:54am Mar 15, 2011 4:54am
EU I am looking for price if it gets back above 3900-3910 to form a test / NS after moving abck above... 3910 is a nice 15min trigger from which a safe long could be taken...

An even safer entry long would be a test in the 3945 area after moving above.

For shorts a test of 3892...
Today's zone = Tomorrow's opportunity!
  • #16,216
  • Mar 15, 2011 4:55am Mar 15, 2011 4:55am
Quoting Scrat
i don't think we hit rock bottom yet. this tokyo session doesn't look like a retrace, it made an important lower low - most likely london will take it further down.

Any chance you can expand on this? Whats your reasoning for expecting it to go further down??

Thanks
  • #16,217
  • Mar 15, 2011 4:57am Mar 15, 2011 4:57am
Quoting pres78
EU I am looking for price if it gets back above 3900-3910 to form a test / NS after moving abck above... 3910 is a nice 15min trigger from which a safe long could be taken...

An even safer entry long would be a test in the 3945 area after moving above.

For shorts a test of 3892...
Where'd you get the trigger at 3910 from? Was it from the close of a high vol bar or are we talking about an area as opposed to exact numbers?
  • #16,218
  • Mar 15, 2011 4:58am Mar 15, 2011 4:58am
[quote=sony;4471960]
Quoting Beljevina
Nice turning point calls, laid out well before it occured. Hope you traded it.



Lol


Thanks Beljevina

But guys that is easy..What Mal and some of other PhD VSA masters here learned us

Just choose the highes volume bar from the day before..On lets say 2h chart

If it is up bar choose its low and close and put an line on it

If it is down bar same thing just choose its close and high this time and again mark those with a lines

Tomorrow you will see how price react on those levels...
well done friend
  • #16,219
  • Mar 15, 2011 4:59am Mar 15, 2011 4:59am
Quoting sony
But guys that is easy..What Mal and some of other PhD VSA masters here learned us

Just choose the highes volume bar from the day before..On lets say 2h chart

If it is up bar choose its low and close and put an line on it

If it is down bar same thing just choose its close and high this time and again mark those with a lines

Tomorrow you will see how price react on those levels and trade of those...A lot of miss trades but also a lot of nice ones

My goal is 100 pips a week so i should just pick up 2 , 3 days and that is it

But that is...
I like to do that especially if such bars mark a top or bottom. Then you're pretty sure what levels are watched by the pros.
  • #16,220
  • Mar 15, 2011 5:03am Mar 15, 2011 5:03am
area 1.3820 and maybe 1.3755 are good long spots if there is any reason for that

Again i came up to that coos those were high volume areas on 2h chart

Might be wrong tough
Work smart not hard
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