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vsa with Malcolm

  • #17,221
  • Mar 24, 2011 11:18am Mar 24, 2011 11:18am
Quoting Oxford
The marked candle makes me a little trouble ! What is it!? We have an upbar with lower volume, closed on top but lower as previous. When I saw I thought of weakness as we went up on low volume but this was wrong. Can please anyone help me thinking the right way? Thank you very much!

Ox
having seen sos in the background, that down bar with low vol are no selling pressure bars. The bar you're pointing is the confirmation bar.
Selling pressure bar should be validated by next bar up.
  • #17,222
  • Mar 24, 2011 11:23am Mar 24, 2011 11:23am
5 min SO's forming on both EU and GU.... look at that volume spike.
Today's zone = Tomorrow's opportunity!
  • #17,223
  • Mar 24, 2011 11:23am Mar 24, 2011 11:23am
Thank you ivonivon,
By looking at volume which was becoming lower I must have seen this, at that time!

Quoting ivonivon
having seen sos in the background, that down bar with low vol are no selling pressure bars. The bar you're pointing is the confirmation bar.
Selling pressure bar should be validated by next bar up.
  • #17,224
  • Mar 24, 2011 11:26am Mar 24, 2011 11:26am
just as wee see SOS in GU, it plummet back down to SO at 1.614.
what a supply.
  • #17,225
  • Mar 24, 2011 11:27am Mar 24, 2011 11:27am
Quoting Oxford
The marked candle makes me a little trouble ! What is it!? We have an upbar with lower volume, closed on top but lower as previous. When I saw I thought of weakness as we went up on low volume but this was wrong. Can please anyone help me thinking the right way? Thank you very much!

Ox
The bar previous was a NS in a confirmed uptrend and trading the break of this would have gotten you in long on the second bar after it. The one you marked is a ND in the wrong place and has no value... Besides that the low was never broken and the next bars were up completly removing it from our memories... it was more of a transisiton bar from the weak sellers to the buyers stepping back in.
Today's zone = Tomorrow's opportunity!
  • #17,226
  • Mar 24, 2011 11:28am Mar 24, 2011 11:28am
Quoting pres78
5 min SO's forming on both EU and GU.... look at that volume spike.
That last 5 min EU bar was the highest volume I had today...
Today's zone = Tomorrow's opportunity!
  • #17,227
  • Mar 24, 2011 11:29am Mar 24, 2011 11:29am
Quoting pres78
The bar previous was a NS in a confirmed uptrend and trading the break of this would have gotten you in long on the second bar after it. The one you marked is a ND in the wrong place and has no value... Besides that the low was never broken and the next bars were up completly removing it from our memories... it was more of a transisiton bar from the weak sellers to the buyers stepping back in.
I think thats the hardest part for me at least of vsa is knowing when and where to ignore certain signals.
  • #17,228
  • Mar 24, 2011 11:31am Mar 24, 2011 11:31am
Quoting pres78
5 min SO's forming on both EU and GU.... look at that volume spike.
yeah.. SM seems aggressively hunting the bears.
  • #17,229
  • Mar 24, 2011 11:36am Mar 24, 2011 11:36am
Quoting Oxford
The marked candle makes me a little trouble ! What is it!? ....
always remember, do not conclude based on a single bar.
always check background... look at the context... get a perspective (forest vs. trees)
  • #17,230
  • Mar 24, 2011 11:46am Mar 24, 2011 11:46am
Quoting inks2002
I think thats the hardest part for me at least of vsa is knowing when and where to ignore certain signals.
A ND in a confirmed strong background is to be ignored... You need more SOW previous to a ND for it to be of any relevance.
Today's zone = Tomorrow's opportunity!
  • #17,231
  • Mar 24, 2011 11:47am Mar 24, 2011 11:47am
Quoting ivonivon
yeah.. SM seems aggressively hunting the bears.
Look at that 5 min UT bar into yesterday's high... Did they find sellers or were they just probing?
Today's zone = Tomorrow's opportunity!
  • #17,232
  • Mar 24, 2011 11:57am Mar 24, 2011 11:57am
Quoting pres78
Look at that 5 min UT bar into yesterday's high... Did they find sellers or were they just probing?
i see that as heavy supply.. can't be probing looking at high volume there
  • #17,233
  • Mar 24, 2011 11:57am Mar 24, 2011 11:57am
What a mental chart. Laptop has been freaking out the past two hours so haven't had a chance to do much.
  • #17,234
  • Mar 24, 2011 11:58am Mar 24, 2011 11:58am
Quoting KinsaleForex
What a mental chart. Laptop has been freaking out the past two hours so haven't had a chance to do much.
Thats a good thing, stay out of this pure bullshit
  • #17,235
  • Mar 24, 2011 12:02pm Mar 24, 2011 12:02pm
Quoting ivonivon
i see that as heavy supply.. can't be probing looking at high volume there
Could be but it wouldn't be the first time I saw a high volume UT end up being tested and broken.

Next few bars seem to be coonfirming sellers or profit taking since we have moved like 170 pips and London just went home... Looking for it to retrace into 4157-4137.

There were a couple of nice low volume tests right away off that UT close trigger level.
Today's zone = Tomorrow's opportunity!
  • #17,236
  • Mar 24, 2011 12:04pm Mar 24, 2011 12:04pm
Quoting PipPipPip
I really. really. really. want. to. see. 1. 4. 2. 6. 5. 9
It’s got a good probability.
  • #17,237
  • Mar 24, 2011 12:11pm Mar 24, 2011 12:11pm
Quoting pres78
Could be but it wouldn't be the first time I saw a high volume UT end up being tested and broken.

Next few bars seem to be coonfirming sellers or profit taking since we have moved like 170 pips and London just went home... Looking for it to retrace into 4157-4137.

There were a couple of nice low volume tests right away off that UT close trigger level.
yah.. but unfortunately became a failed test.
heavy supply entering the market like that would leave the market move sideway temporarily, also i think my ADR show there's little room for anymore price movements.

will call it a day for now.
  • #17,238
  • Mar 24, 2011 12:19pm Mar 24, 2011 12:19pm
Ok so lets think about some things for a minute.

1. Would all large money players know that Portugal was going to be downgraded?
Yes
2. Does large money use news to panic the herd and sway their pockets to a certain mindset?
Yes
3. Do we have signs of strength in higher time-frame backgrounds?
Yes.
4. Are we sitting near an old top or resistance level that would need an incredible amount of strength(money collected prior to thrust) to break.
Yes ..4280

I will be waiting in the weeds for tells that we are going higher.

Think like the predator not like the prey.
  • #17,239
  • Mar 24, 2011 12:21pm Mar 24, 2011 12:21pm
Quoting Sonofsin5
Ok so lets think about some things for a minute.

1. Would all large money players know that Portugal was going to be downgraded?
Yes
2. Does large money use news to panic the herd and sway their pockets to a certain mindset?
Yes
3. Do we have signs of strength in higher time-frame backgrounds?
Yes.
4. Are we sitting near an old top or resistance level that would need an incredible amount of strength(money collected prior to thrust) to break.
Yes ..4280

I will be waiting in the weeds for tells that we are going higher.

Think like the predator...
Today's zone = Tomorrow's opportunity!
  • #17,240
  • Mar 24, 2011 12:25pm Mar 24, 2011 12:25pm
Quoting leonarrdo
It’s got a good probability.
I am betting on it. however, i don't know if it will break...
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