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vsa with Malcolm

  • #16,761
  • Mar 18, 2011 7:56am Mar 18, 2011 7:56am
Quoting juhanimi
http://www.zazzle.co.uk/i_love_forex...89484133601154

http://www.zazzle.co.uk/miracles_and...66126358387770

  • #16,762
  • Edited 8:42am Mar 18, 2011 8:29am | Edited 8:42am
Am seeing possible retracemment(Minor?) in EU..

Possible for 20-30 pips fishing,,,
Need to wait for squat bar I suppose..


Sonic

P.S I have long term longs in EU..
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  • #16,763
  • Mar 18, 2011 8:33am Mar 18, 2011 8:33am
News blurb from my broker:

"EURUSD: US bank recommends EURUSD at 1.500"

while i'm still bullish on EU and have a longer term target of 1.47, price certainly won't get there overnight, nor will it do so in one straight line...

reasoning for my new target is in this post
Change is the only constant
  • #16,764
  • Mar 18, 2011 8:58am Mar 18, 2011 8:58am
Quoting tgwhbb
News blurb from my broker:

"EURUSD: US bank recommends EURUSD at 1.500"

while i'm still bullish on EU and have a longer term target of 1.47, price certainly won't get there overnight, nor will it do so in one straight line...

reasoning for my new target is in this post
A little late to be hoping on that train dont you think. We have all been eur long and calling it since 1.3300.
  • #16,765
  • Mar 18, 2011 9:00am Mar 18, 2011 9:00am
Quoting Sonofsin5
A little late to be hoping on that train dont you think. We have all been eur long and calling it since 1.3300.
yep, and at that time they were calling for 1.18
Change is the only constant
  • #16,766
  • Mar 18, 2011 9:13am Mar 18, 2011 9:13am
Quoting tgwhbb
News blurb from my broker:

"EURUSD: US bank recommends EURUSD at 1.500"

while i'm still bullish on EU and have a longer term target of 1.47, price certainly won't get there overnight, nor will it do so in one straight line...

reasoning for my new target is in this post


http://i.imgur.com/tCtj7.jpg
  • #16,767
  • Mar 18, 2011 9:14am Mar 18, 2011 9:14am
Quoting tgwhbb
yep, and at that time they were calling for 1.18

They updated their HARD SHYT to HARDER SHYT.
  • #16,768
  • Mar 18, 2011 9:25am Mar 18, 2011 9:25am
counter-trend trade with risk.

Entry: beneath the ND bar after SOW and lower high
TP: POC of yesterday
SL: above the recent high
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  • #16,769
  • Mar 18, 2011 9:35am Mar 18, 2011 9:35am
Quoting polomine
counter-trend trade with risk.

Entry: beneath the ND bar after SOW and lower high
TP: POC of yesterday
SL: above the recent high
15 min has showed a sign of strength. I don't know if I'd want to be short this, especially with the fix coming. Eur is approaching 4150 again, if we break it stops will be triggered and we could see another rally.

As long as you have a stop and a good R;R you should be fine.
  • #16,770
  • Mar 18, 2011 9:41am Mar 18, 2011 9:41am
Quoting Sonofsin5
15 min has showed a sign of strength. I don't know if I'd want to be short this, especially with the fix coming. Eur is approaching 4150 again, if we break it stops will be triggered and we could see another rally.

As long as you have a stop and a good R;R you should be fine.
I hit enter and a nice nd printed on the 5. Mixed bag.
  • #16,771
  • Mar 18, 2011 9:46am Mar 18, 2011 9:46am
Sono, Thanks for your comments. I don't realize today is an option expire day. To be honest, I am not familiar with those things. Thanks again.
  • #16,772
  • Mar 18, 2011 10:21am Mar 18, 2011 10:21am
Quoting polomine
Sono, Thanks for your comments. I don't realize today is an option expire day. To be honest, I am not familiar with those things. Thanks again.
today is quadruple witching day, so options and futures contracts expiring across the board on stocks and indexes...could be volatile, or could be nothing...if i remember correctly the last quad day resulted in more hype than anything else...
Change is the only constant
  • #16,773
  • Mar 18, 2011 10:38am Mar 18, 2011 10:38am
Thank you.

I just googled it and found the calendar.

http://www.marketwatch.com/optionscenter/calendar

Quoting tgwhbb
today is quadruple witching day, so options and futures contracts expiring across the board on stocks and indexes...could be volatile, or could be nothing...if i remember correctly the last quad day resulted in more hype than anything else...
  • #16,774
  • Mar 18, 2011 10:46am Mar 18, 2011 10:46am
Maybe I should close my position manually with small loss. It looks like shake out and test several bars ago. m5 chart...
  • #16,775
  • Mar 18, 2011 10:52am Mar 18, 2011 10:52am
Quoting Beljevina
There's so much news going on, which inevitably gets prioritized, and I'm thinking this one may not even be in the top 5. (Not counting impact on oil though)

Separately ... glad I'm not the only one unclear on what EU is up to ... I'm frankly sick of getting stopped out NOW TWICE of a 1.405 buy, after it came down the ~50 pips ... hindsight of course would have provided 100 pips, but noooo, I played it safe ... At least my intervention longs are in play - 2 more CBs to come along and sell yens.

Really like the "Bart message".
Perhaps use it as my wall paper.

Hmmm... now do I hold the Long EU 1.4088 over the weekend or bank it ?
  • #16,776
  • Mar 18, 2011 11:23am Mar 18, 2011 11:23am
Quoting pres78
So I had been feeling somewhat lost on the EU after yesterday afternoon's PA and then moreso when I saw some calls last night for shorts based on weakness at the 1.4. Why was I not seeing this... why was I still so biased to the longs? On the daily charts the hull is still blue and sloped up and price closed basically on the hull yesterday and still above the PAL. Also Tueday was a SO but then Wednesday was a downbar on good volume we look at the close... doesn't look weak to me.

So I got up as I usually do at 4AM my time which is 1hr before LO....
Couple of swing lows came close to my SL but didn't hit so lot 2 is still open. SL moved to 1.4036 to lock in 100 pips and will let it ride through the weekend. Let's see how far I can ride this up.
Today's zone = Tomorrow's opportunity!
  • #16,777
  • Mar 18, 2011 12:17pm Mar 18, 2011 12:17pm
All right, next week we take only winning trades.
Black friday for me, I must be blind.
Have a good weekend.
  • #16,778
  • Mar 18, 2011 12:29pm Mar 18, 2011 12:29pm
Quoting juhanimi
All right, next week we take only winning trades.
Black friday for me, I must be blind.
Have a good weekend.

Post some chart of your real trades. That would help.
Enjoy your weekend.
  • #16,779
  • Mar 18, 2011 1:14pm Mar 18, 2011 1:14pm
To hell with VSA guys, i've seen the light;

http://www.forextrigger.com/
  • #16,780
  • Mar 18, 2011 1:16pm Mar 18, 2011 1:16pm
Entered this a few hours ago while in a meeting from my phone (the picture was pulled earlier but I got called back in and I am to lazy to make another one )... trying out the old MT4 on my smartphone. Back to my desk so here is why I entered. Will close this trade by end of day if not sooner.

Entry was at yesterday's high 6166, SL was at swing low / trigger 6150. TP 1 was 6182, TP 2 is being monitored and has been moved to BE+1.

1. Green line is the highest volume upbar trigger level


Red lines left to right

1. Highest volume upbar giving a nice long trigger at 6150
2. This bar does not close on it's high nor is the volume super low however the volume is much lower than the bar which made the trigger and it did close back above the trigger... would not trade this bar by itself but I look at it as a test none the less... The next bar is up so the test has passed.
3&4. Tests of yesterday's high
5. NS entry at break of high. We had moved below the hull but it was still blue and price was still above the PAL
Attached Image
Today's zone = Tomorrow's opportunity!
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