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vsa with Malcolm

  • #17,361
  • Mar 25, 2011 8:43am Mar 25, 2011 8:43am
Quoting pete148
Sometimes the market prints a bar that looks like a test bar being any of the low volume variations. And a bar that many vsa'ers wil interpret as as a test.

But the test fails and the low is broken,
I think that this is definition of successful test.
We have a downtrend, and first test comes with high vol and wide bar, price goes down and comes back to that level and shows ND and next bar is down and decreasing vol and price goes down, successfullly tested that no buyers left.
  • #17,362
  • Mar 25, 2011 8:57am Mar 25, 2011 8:57am
Quoting juhanimi
I think that this is definition of successful test.
We have a downtrend, and first test comes with high vol and wide bar, price goes down and comes back to that level and shows ND and next bar is down and decreasing vol and price goes down, successfullly tested that no buyers left.
That was the definition of a successful test, i just pointed out that it failed.
  • #17,363
  • Mar 25, 2011 9:03am Mar 25, 2011 9:03am
Quoting pete148
That was the definition of a successful test, i just pointed out that it failed.
Yes one more attempt? This Move will decide.
  • #17,364
  • Mar 25, 2011 9:03am Mar 25, 2011 9:03am
Quoting pete148
That was the definition of a successful test, i just pointed out that it failed.
Sorry, I dont know what are you talking about, but that is not so important.
That was a successful test.


Anyways, good weekend to everyone.
F1 weekend, yes.
  • #17,365
  • Mar 25, 2011 9:36am Mar 25, 2011 9:36am
Somebody has a line in the sand at 4110
  • #17,366
  • Mar 25, 2011 9:39am Mar 25, 2011 9:39am
Quoting Sonofsin5
Somebody has a line in the sand at 4110
got one at 4100 foresure
  • #17,367
  • Mar 25, 2011 9:47am Mar 25, 2011 9:47am
Quoting pete148
got one at 4100 foresure
Make that a wall !
  • #17,368
  • Mar 25, 2011 10:04am Mar 25, 2011 10:04am
Quoting Sonofsin5
Somebody has a line in the sand at 4110
Was just thinking that myself - hard to read from volume, although a based has formed. It's VERY interesting to see the ~20 pips of effort concerted move up in the last minutes of the H1 bar. I will be very interested to see where they close the week; I don't believe we are done to the downside. The Friday afternoon could be one of those drift-up on no news days.

BTW, GU looking/feeling more promising for upside movement; 1.605 support is on my chart from before, and now we've got a nice pin and support after breaking below 1.61.
Attached Image (click to enlarge)
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  • #17,369
  • Mar 25, 2011 10:09am Mar 25, 2011 10:09am
can u guys pls send me the ipolo bundle bar & volume indicator Version 1.4/


Thanks
  • #17,370
  • Mar 25, 2011 10:10am Mar 25, 2011 10:10am
Quoting AcidH4X
can u guys pls send me the ipolo bundle bar & volume indicator Version 1.4/


Thanks
Try looking in the attachments.
Today's zone = Tomorrow's opportunity!
  • #17,371
  • Mar 25, 2011 10:11am Mar 25, 2011 10:11am
Quoting Beljevina
Was just thinking that myself - hard to read from volume, although a based has formed. It's VERY interesting to see the ~20 pips of effort concerted move up in the last minutes of the H1 bar. I will be very interested to see where they close the week; I don't believe we are done to the downside. The Friday afternoon could be one of those drift-up on no news days.

BTW, GU looking/feeling more promising for upside movement; 1.605 support is on my chart from before, and now we've got a nice pin and support after breaking below 1.61.
Not sure yet about EU... my weekly bar is currently sitting as a NS.
Today's zone = Tomorrow's opportunity!
  • #17,372
  • Mar 25, 2011 10:12am Mar 25, 2011 10:12am
Quoting AcidH4X
can u guys pls send me the ipolo bundle bar & volume indicator Version 1.4/ Thanks
A quick way to find it: search the member list (top left of this page) for polomine, and from his profile, click attachments - they'll clearly show, in the fourth post down.
  • #17,373
  • Mar 25, 2011 10:19am Mar 25, 2011 10:19am
Quoting pres78
Not sure yet about EU... my weekly bar is currently sitting as a NS.
That type of last minute buying in H1 especially always has me suspect. We're now up into the DPP, and so far rejected. I just get the feeling there is no real interest to take it either way hence, 1.40 and 1.395 I see as possible tests for next week; question is how much of the April 7 rate increase is built in to the euro and how will that bullishness stack up against the pile of issues that are building.

Frankly, I'm not sure why the hell eurocrats are talking up the euro, when it's export detrimental. Oh wait, they don't have real jobs like the rest of the Europeans - they're insulated, protected and oblivious to the real world!
  • #17,374
  • Edited 10:28am Mar 25, 2011 10:27am | Edited 10:28am
Here is an oil etf I play. Matches the movements of oil well without the bull sh$$ stop hunts on futures. Next week is setting up for more topside testing. Ticker (oil) Nyse
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  • #17,375
  • Mar 25, 2011 10:33am Mar 25, 2011 10:33am
Quoting Beljevina
A quick way to find it: search the member list (top left of this page) for polomine, and from his profile, click attachments - they'll clearly show, in the fourth post down.


Thanks
  • #17,376
  • Edited 11:57am Mar 25, 2011 10:52am | Edited 11:57am
One trade today on EU a long off a 2 bar reversal which was a test trade (small 0.25 lot single order) more than anything. Didn't work out and closed out at BE. Lesson learned was if you are going to test something don't do it while trading from your phone in the car .

Got a nice short on oil off a hidden test (low volume UT) into a high volume trigger.

We had a double top, high volume downbar closing on it's low (red line 1)... trigger level. Red line 2 low volume UT test of trigger, Red line 3 entry bar.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #17,377
  • Mar 25, 2011 10:59am Mar 25, 2011 10:59am
Trying ES short @ 1318

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Don't be a hero. Don't have an ego. Always question yourself
  • #17,378
  • Mar 25, 2011 11:02am Mar 25, 2011 11:02am
Quoting USD-Bear
Trying ES short @ 1318

Attachment
hmm
  • #17,379
  • Mar 25, 2011 11:11am Mar 25, 2011 11:11am
Quoting Sambo9
...
7: high vol wide spread up bar, potential weak , but following bar are up, we are near a previous resistance area, I don’t really know what to read from those bars
8: Up gap, high vol down bar ( not ultra high) but still bearish
9: retracement on light volume, both up bar are No demand, near a resistance with 8 in the background : I took a short , stop 1 tick above above 8
my 2-cents:

The 2nd bar after "7" is a squatbar - potential selling
but no reason for to go short from the following bars.

"8" looks like a not much buying pressure bar, if u compare its vol and spread to the 2nd bear-candle after your "7". since its vol is not ultra high, i would not think it contained selling in this bar. furthermore, looking to its left, i don't see any resistence level. Hence, there is no reason for me to want to short here at all..

it's just what i think,.. but i could be wrmong, so it would be good if someone more experience can give comments for your chart.
  • #17,380
  • Mar 25, 2011 11:29am Mar 25, 2011 11:29am
FOMC member must be sounding very Hawkish... 40 point drop since her started speaking... Or could be a last push from London to lock in some shorts and wipe out some longs before the weekend.

Last 15min was ultra wide, ultra high volume on EU... does the same priciple apply to downbars as it does to up?
Today's zone = Tomorrow's opportunity!
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