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vsa with Malcolm

  • #16,861
  • Mar 21, 2011 8:27am Mar 21, 2011 8:27am
Quoting KinsaleForex
Just knocked this chart together cos there ain't much happening.

I don't think this is a great example, but I noticed this happening earlier this morning.

Would this qualify as a good set up to anyone? Or one you'd consider taking?

Also, where would you place stops for such a trade?
well yeah looks like a good setup, theory is that it should move futher up from there. Depending on the type of trader you are if you would take that or not.

I would place my stop somewhere around 45. I always try to put my stop 7 ticks below a low.
  • #16,862
  • Mar 21, 2011 8:29am Mar 21, 2011 8:29am
Quoting pete148
well yeah looks like a good setup, theory is that it should move futher up from there. Depending on the type of trader you are if you would take that or not.

I would place my stop somewhere around 45. I always try to put my stop 7 ticks below a low.
45? As in 1.6145? Seems far away.
  • #16,863
  • Mar 21, 2011 8:33am Mar 21, 2011 8:33am
Now you have a nice trigger bar on 5 min
  • #16,864
  • Mar 21, 2011 8:34am Mar 21, 2011 8:34am
Quoting 1pipperhour
Now you have a nice trigger bar on 5 min
Where, i can't see it?



  • #16,865
  • Mar 21, 2011 8:41am Mar 21, 2011 8:41am
Boy, that took a while ... although the decline is due to USD strength, with the Tresury Dept announcing the wind down of their $142B mortgage portfolio. POC 41328 here we come. You gotta love a bar that undoes the previous DAY of PA in one bar!
Attached Image (click to enlarge)
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  • #16,866
  • Mar 21, 2011 9:01am Mar 21, 2011 9:01am
Quoting Beljevina
Boy, that took a while ... although the decline is due to USD strength, with the Tresury Dept announcing the wind down of their $142B mortgage portfolio. POC 41328 here we come. You gotta love a bar that undoes the previous DAY of PA in one bar!
When it goes up back where it was I will look for entry point to sell it back down.
  • #16,867
  • Mar 21, 2011 9:04am Mar 21, 2011 9:04am
Oh boy... wasn't giving much attention to markets today, until this high spread bar came along...

And I noticed something really strange between my 2 feeds - the demo IBFX that I use to analyze charts, and my broker Alpari UK:

It is usual to have 1 or 2 pips of difference between them... but now, I'm seing 5 to 10 (or more) pips, on both EU and GU (but specially EU)!

At first I thought it was my broker playing prices around (not that I have any complains until now), larger spreads or something like that, but it isn't, it's the demo feed going nuts, cause it stays off by those pips for some seconds or minutes, and then suddenly moves back those 10 pips in a single movement, joining the real values I have from my broker!
And it's doing it since that high spread bar, printing some strange bars, a lot different from my broker's!

Don't know what's up... but I won't be trading until this stabilizes, cause I can't analyze charts like that.
  • #16,868
  • Mar 21, 2011 9:05am Mar 21, 2011 9:05am
Quoting 1pipperhour
When it goes up back where it was I will look for entry point to sell it back down.
Why are you looking to sell? What weakness in the background is making you look for shorts?
Blogging daily now at www.volume.zone
  • #16,869
  • Mar 21, 2011 9:09am Mar 21, 2011 9:09am
Quoting Steve Gill
Why are you looking to sell? What weakness in the background is making you look for shorts?
Actually it has nothing to do with VSA. It's the nature of EU (it does this very often after move like this). But I hope to see some VSA set up for shorting.

Edit: again, this is not a call. It is just me. If it happens I act if not I won't short. Will watch what market gives.
  • #16,870
  • Mar 21, 2011 9:11am Mar 21, 2011 9:11am
Quoting Sonofsin5
I hope everyone had a relaxing weekend and is ready for another exciting week.

So right off the bat Sunday afternoon I see a great opportunity in the USDCHF. .
Stop now +1.

Isn't it funny how the Eur breaks 4200 and then has a release saying Portugal needs a bailout? Coincidental, I think not.

The Gu has turned 6250 into an area of support.
  • #16,871
  • Mar 21, 2011 9:14am Mar 21, 2011 9:14am
Quick in and out on Cable for 19 pips;
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 5min.png Size: 85 KB
  • #16,872
  • Edited 9:18am Mar 21, 2011 9:15am | Edited 9:18am
Quoting Sonofsin5
Isn't it funny how the Eur breaks 4200 and then has a release saying Portugal needs a bailout? Coincidental, I think not.
Yeah... and around here, it's not even mentioned or talked on the news (not more than usual, anyway).
The only thing discussed here is the political crisis that may lead to the Prime Minister stepping down (and of course, then rush things out for a bailout) - but that's being in the news for almost a week already.
  • #16,873
  • Mar 21, 2011 9:55am Mar 21, 2011 9:55am
Quoting 1pipperhour
Actually it has nothing to do with VSA. It's the nature of EU (it does this very often after move like this). But I hope to see some VSA set up for shorting.

Edit: again, this is not a call. It is just me. If it happens I act if not I won't short. Will watch what market gives.
Trying short @4178. Target .4100.
  • #16,874
  • Mar 21, 2011 10:13am Mar 21, 2011 10:13am
Long at 4177 off a 15min NS... SL at 4162, TP 1 and 2 at 4192
Today's zone = Tomorrow's opportunity!
  • #16,875
  • Mar 21, 2011 10:20am Mar 21, 2011 10:20am
Quoting 1pipperhour
Trying short @4178. Target .4100.
Closed manually after rejection at friday's close.
  • #16,876
  • Mar 21, 2011 10:23am Mar 21, 2011 10:23am
Quoting pres78
Long at 4177 off a 15min NS... SL at 4162, TP 1 and 2 at 4192
SL moved to BE... SL or TP which will it be.
Today's zone = Tomorrow's opportunity!
  • #16,877
  • Mar 21, 2011 10:25am Mar 21, 2011 10:25am
Quoting KinsaleForex
Quick in and out on Cable for 19 pips;
Nice
Today's zone = Tomorrow's opportunity!
  • #16,878
  • Mar 21, 2011 10:30am Mar 21, 2011 10:30am
Quoting pres78
SL moved to BE... SL or TP which will it be.
According to my chart .4192 is hit (live account). But I don't see ns on 15 min also

FXCM demo didn't hit. Missed by 1 pip.
  • #16,879
  • Mar 21, 2011 10:30am Mar 21, 2011 10:30am
Quoting pres78
Nice
Cheers, still paper trading the 5min for the rest of this week, next week will be the real decider!

Quoting 1pipperhour
According to my chart .4192 is hit (live account). But I don't see ns on 15 min also
I was wondering about the NS as well, pres. Which bar?
  • #16,880
  • Mar 21, 2011 10:31am Mar 21, 2011 10:31am
Quoting 1pipperhour
According to my chart .4192 is hit (live account). But I don't see ns on 15 min also

FXCM demo didn't hit. Missed by 1 pip.
I have hit 4191 and then just now 4178 so 1 pip away from both in the last 15 min bar...
Today's zone = Tomorrow's opportunity!
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