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vsa with Malcolm

  • #16,401
  • Mar 16, 2011 4:19am Mar 16, 2011 4:19am
[quote=HiddenGap;4474769]Please indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.

Thank you HG for this great post. There are always very helpfull. I have been studying some of your post during the past weekend and I can honestly say that I have learned a lot ...

I can tell that when someone wants to learn VSA, they can understand the bigger picture but when it comes to look at good places to look for a setup, it is not always clear. This is exactly why new VSA traders has to read and study your posts!

You are a great teacher!

Thanks again,
have a nice day
  • #16,402
  • Mar 16, 2011 4:22am Mar 16, 2011 4:22am
Quoting Oxford
Was the 0855 GMT M5 candle a telegram for long?
I think that volume is to high for a test of that area. So I don't think it was a telegram. According to next candle someone was thinking maybe the same as you. But bears took control over it.
  • #16,403
  • Mar 16, 2011 4:36am Mar 16, 2011 4:36am
Quoting HiddenGap
Please indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.

Been looking a some old brilliant post from Seb Mamby on elitetrader....

Without further a dew, let's get to the chart. This is a 5 min ES chart.

1. As always, the place to start is with Very High to Ultra High Volume. This bar has Ultra High Volume on an up bar that closes off its high. We know markets do not like Ultra High Volume up bars, because they can contain hidden selling. If this bar was buying, then we should ask...


Thanks HG, excellent post
  • #16,404
  • Mar 16, 2011 4:37am Mar 16, 2011 4:37am
13975 is the highest volume bar close on m5. Anyone else using this as a trigger today?
  • #16,405
  • Mar 16, 2011 4:41am Mar 16, 2011 4:41am
Quoting ozzieb88
13975 is the highest volume bar close on m5. Anyone else using this as a trigger today?
Mine is the 9am - 9:05 bar (GMT) closing at 1.3968
  • #16,406
  • Mar 16, 2011 4:48am Mar 16, 2011 4:48am
You should have yourself a new trigger with the bar that just closed on 5min - 1.3947 ish
  • #16,407
  • Mar 16, 2011 4:48am Mar 16, 2011 4:48am
Now its the last m5. looking for a test on that trigger 13946
  • #16,408
  • Mar 16, 2011 4:49am Mar 16, 2011 4:49am
Quoting KinsaleForex
You should have yourself a new trigger with the bar that just closed on 5min - 1.3947 ish
LOL both on the ball...

Looking at H1 MASSIVE UT! shorts may be in order....GU
  • #16,409
  • Mar 16, 2011 4:51am Mar 16, 2011 4:51am
Quoting ozzieb88
LOL both on the ball...


Two lovely indicators on TG as well, Stopping Volume followed by Shakeout.
  • #16,410
  • Mar 16, 2011 4:53am Mar 16, 2011 4:53am
Possible stopping volume here, although we're now below the DPP and the key 1.395 having travelled 60+ pips from that last rejection towards 1.399. Not feeling too confident about the move though - I'd like to see it break back to the topside from the last TL. I think we're waiting for NY to take the reigns and show direction.

EDIT: Looks like the hourly candle might leave us a 25 pip wick and signal a reasonable shakeout - now we wait for the slow climb up (if)
Attached Image (click to enlarge)
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  • #16,411
  • Mar 16, 2011 4:53am Mar 16, 2011 4:53am
Quoting KinsaleForex
Mine is the 9am - 9:05 bar (GMT) closing at 1.3968
same here.
  • #16,412
  • Mar 16, 2011 4:53am Mar 16, 2011 4:53am
Quoting KinsaleForex


Two lovely indicators on TG as well, Stopping Volume followed by Shakeout.

On the right spot
Work smart not hard
  • #16,413
  • Mar 16, 2011 4:57am Mar 16, 2011 4:57am
Which TL

Thanks for your comments! Always valuable.

Quoting Beljevina
Possible stopping volume here, although we're now below the DPP and the key 1.395 having travelled 60+ pips from that last rejection towards 1.399. Not feeling too confident about the move though - I'd like to see it break back to the topside from the last TL. I think we're waiting for NY to take the reigns and show direction.
  • #16,414
  • Mar 16, 2011 4:57am Mar 16, 2011 4:57am
Hope it comes back to test. I HATE the ones that just shoot off after the SO
  • #16,415
  • Mar 16, 2011 4:58am Mar 16, 2011 4:58am
1.6100 dead is a trigger on Cable as well if anyone is watching that. More likely for a short opp looking at the 1hr.
  • #16,416
  • Mar 16, 2011 4:59am Mar 16, 2011 4:59am
Quoting ozzieb88
Hope it comes back to test. I HATE the ones that just shoot off after the SO
It could always test 3968, the previous trigger. But i'm relatively new to this trigger number stuff so i'm not sure if that is valid.
  • #16,417
  • Mar 16, 2011 5:01am Mar 16, 2011 5:01am
Nice EU SO on the 30 min... see what happens now.
Today's zone = Tomorrow's opportunity!
  • #16,418
  • Mar 16, 2011 5:03am Mar 16, 2011 5:03am
Quoting pres78
Nice EU SO on the 30 min... see what happens now.
Agreed, TG stuck a bottom reversal indicator on it.. think i'll take that with a pinch of salt
  • #16,419
  • Mar 16, 2011 5:08am Mar 16, 2011 5:08am
If we get another dip/shakeout lower and it goes below 1.39342, we're likely visiting the 1.39 region. Then, being 100 pips below 1.4 and at the sentiment mercy of Japan reactor news doesn't make me too confident. Especially, since we'd tested these regions already - bulls shouldn't have to prove it that many times.
  • #16,420
  • Mar 16, 2011 5:11am Mar 16, 2011 5:11am
Long at 56. Stop at 34. EU
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