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vsa with Malcolm

  • #17,721
  • Mar 30, 2011 8:44am Mar 30, 2011 8:44am
Hi,

When looking at trigger numbers, do you guys consider test as a failed one if it's low or high isn't taken out by the next bar or do you just place your entry order to high/low of test bar and wait for it to be taken out?

Also, are trigger bars which formed new recent high or low better than bars that are formed in the middle of the trend for example?
  • #17,722
  • Mar 30, 2011 8:47am Mar 30, 2011 8:47am
Quoting MKK
Hi,

When looking at trigger numbers, do you guys consider test as a failed one if it's low or high isn't taken out by the next bar or do you just place your entry order to high/low of test bar and wait for it to be taken out?
I personally use the 2 bar after rule the same as for ND and NS entries. If I have a test to go long and the next bar takes out the test bars low I consider it as failed and the test becomes null.
Today's zone = Tomorrow's opportunity!
  • #17,723
  • Mar 30, 2011 9:16am Mar 30, 2011 9:16am
Is there anybody watching gbp/usd? in high timeframe, it seems strengh. Now resistance becomes support.
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  • #17,724
  • Mar 30, 2011 9:20am Mar 30, 2011 9:20am
Quoting pres78
I personally use the 2 bar after rule the same as for ND and NS entries. If I have a test to go long and the next bar takes out the test bars low I consider it as failed and the test becomes null.
Hi,sorry for my English.I have a question.If we buy at yellow line(black arrow)where i have to place stoploss? Thanks
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  • #17,725
  • Mar 30, 2011 9:27am Mar 30, 2011 9:27am
Quoting polomine
Is there anybody watching gbp/usd? in high timeframe, it seems strengh. Now resistance becomes support.
Looks to go above 1.6100 if you ask me.
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  • #17,726
  • Mar 30, 2011 9:28am Mar 30, 2011 9:28am
Just a thought I had....

Quoting 1pipperhour
Where is that picture Dr. G is using quite often? Oh, here it is:
  • #17,727
  • Mar 30, 2011 9:29am Mar 30, 2011 9:29am
Yepper doo

Quoting tornado11
I believe we will be back at 4200 by weeks end.
  • #17,728
  • Mar 30, 2011 9:30am Mar 30, 2011 9:30am
Quoting Beljevina
Trickery abounds this NY morning and all of London. The M15 shows the just low of ~1.4055 being bought. But, the M5 shows selling into the upthrust and way less volume supposedly propelling it off 1.4055. Me thinks they're playing games with us.

So, we stop 50% of the rise and at pretty much the psych 1.410. Got a minor POC @ 1.408 and a potential bounce, but I'm thinking 1.407 and more gamesmanship. Yes that bounce off 1.4055 seemed pretty good, but I'm not sure NY is buying USD and euros ...
OK, well screw that for the time being; you can always count on a eurocrat to blab away; 1.42 it is I guess, and down goes the USD.
Quote
ECB's Bini Smaghi comments suggest a series of rate hikes down the road; giving EUR a lift
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  • #17,729
  • Mar 30, 2011 9:38am Mar 30, 2011 9:38am
it took about 2 days to test this lower 4060. can someone please pass the salt and pepper? the roasted bear beef is not tasty enough.
  • #17,730
  • Mar 30, 2011 9:39am Mar 30, 2011 9:39am
Quoting hutrader
Looks to go above 1.6100 if you ask me.
I hope a long entry around 1.6000 in asia session before London open.
  • #17,731
  • Mar 30, 2011 9:42am Mar 30, 2011 9:42am
Similar to Bel, i've found EU to be quite hard to read lately and VSA signals were tricky. After getting stopped out on a couple of longs earlier today, here's one that worked. 15M chart shown, trigger line was the 15M UT bar's close (the UT came just prior to NY open). Entry was on break of the test bar as indicated, and TP was 4140 (double initial balance extension). While weakness was present at the 1.41 level, strength was stronger at the bottom at 4060 level giving me more confidence to take that long.
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Change is the only constant
  • #17,732
  • Mar 30, 2011 9:43am Mar 30, 2011 9:43am
Double top in GU futures
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  • #17,733
  • Mar 30, 2011 9:49am Mar 30, 2011 9:49am
Quoting 1pipperhour
Are you trading reversals now?
What do you mean reversals? Not really VSA based per say I have simply been buying at 4060 since Thursday every time we approach and I see SOS...
Today's zone = Tomorrow's opportunity!
  • #17,734
  • Mar 30, 2011 9:50am Mar 30, 2011 9:50am
Quoting Steve Gill
I joined you, in at 1.4065 SL was at 1.4040 but now at B/E.
Out for +59 pips. Better than a slap in the face.
Blogging daily now at www.volume.zone
  • #17,735
  • Mar 30, 2011 9:53am Mar 30, 2011 9:53am
Quoting eleron
Hi,sorry for my English.I have a question.If we buy at yellow line(black arrow)where i have to place stoploss? Thanks
Probably the low of the trigger bar but I prefer not to offer advice on SL and TP... these are at the discretion of the trader.
Today's zone = Tomorrow's opportunity!
  • #17,736
  • Mar 30, 2011 9:53am Mar 30, 2011 9:53am
Until 1.4150 is broken, I am considering 1.42+.
Time to sit on my hands.
  • #17,737
  • Mar 30, 2011 9:54am Mar 30, 2011 9:54am
Quoting Steve Gill
Out for +59 pips. Better than a slap in the face.
That 4060 level has been a strong buying level since Thursday... it has been good to me just buying this level.
Today's zone = Tomorrow's opportunity!
  • #17,738
  • Mar 30, 2011 9:56am Mar 30, 2011 9:56am
Congrats to those who hopefully bagged at least 50 pips into that double top up to 1.4148. Man, did it get sold into.

Me? I was busy reading ND's just below the DPP ... looks like the ECB'ers are on a PR schedule. BTW, anyone have any close relatives on the ECB board? Oh, right, that's not allowed and never happens ...
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  • #17,739
  • Mar 30, 2011 10:02am Mar 30, 2011 10:02am
Quoting Beljevina
Congrats to those who hopefully bagged at least 50 pips into that double top up to 1.4148. Man, did it get sold into.

Me? I was busy reading ND's just below the DPP ... looks like the ECB'ers are on a PR schedule. BTW, anyone have any close relatives on the ECB board? Oh, right, that's not allowed and never happens ...
I don't know that last 15min downbar has higher volume than the wide spread upbar but it didn't go anywhere. Not sure if we are seeing sellers or absorption??? Have to see what happens next.
Today's zone = Tomorrow's opportunity!
  • #17,740
  • Mar 30, 2011 10:05am Mar 30, 2011 10:05am
Quoting Beljevina
Congrats to those who hopefully bagged at least 50 pips into that double top up to 1.4148. Man, did it get sold into.
Hey Bel, for sure there were sellers there, but just wondering, couldn't that high volume also be interpreted as pushing through supply?
Change is the only constant
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