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vsa with Malcolm

  • #17,761
  • Mar 30, 2011 3:14pm Mar 30, 2011 3:14pm
Quoting Steve Gill
My 1 hour analysis for you Jason...
Thoughs about the declining volume on last up bars?
after the 1.41466 bar with high volume demand dried very fast.
"Hate the sin, love the sinner." - Gandhi
  • #17,762
  • Edited 4:25pm Mar 30, 2011 3:16pm | Edited 4:25pm
"History never repeats. I tell myself before I go to sleep." Split Enz

It would seem that the Split Enz did not track and follow the Smart Money in the markets.

Whilst most of Gavin's webinars are a re-hash of basic ideas and the same oil call (get over it already), sometimes there are some nuggets in there for the faithful.

Take a look at the ES charts for today.

Beautiful set-up here that was a direct result of something Gavin mentioned in his last webinar.

Notice the Green lines on the chart on the left. The key one is the lower line. Note how price bounces off this level as we see strength enter the market and get a nice long just above the high of a squat.

Where did this green line come from?

Take a look at the chart on the right. During the off hours, we got a bar that was Ultra Ultra Wide Spread on Ultra Ultra High Volume. This is a strange bar for anytime, but especially for this time.

As Gavin showed in the webinar, when another similar bar appeared after hours, I put a line at the low and the high of this bar. For a long trade, I would be looking for the market to "jump off" this level prior to moving up in the RTHs. As was the case from the webinar, the market stays true to form and bounces off this level en route to a nice upside trend.

Also note how the traditional close trigger level is in play here too. Which I guess goes to show you that, even if you had missed the after hours manipulation, you could still get into the trade. More correctly, even if you had missed the after hours manipulation, it wasn't missed by the rest of the market.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,763
  • Mar 30, 2011 3:26pm Mar 30, 2011 3:26pm
Quoting TheGabriel
Thoughs about the declining volume on last up bars?
after the 1.41466 bar with high volume demand dried very fast.
Smart money withdraw interest (seriously) - happened the last few days as well (although earlier in the day). Job done for the day, head to the pub
Blogging daily now at www.volume.zone
  • #17,764
  • Mar 30, 2011 3:28pm Mar 30, 2011 3:28pm
Quoting Steve Gill
Smart money withdraw interest (seriously) - happened the last few days as well (although earlier in the day). Job done for the day, head to the pub
Seems so, strength is still there in the background. Agree with your chart analysis, thanks for that btw
"Hate the sin, love the sinner." - Gandhi
  • #17,765
  • Mar 30, 2011 3:32pm Mar 30, 2011 3:32pm
Quoting TheGabriel
Thoughs about the declining volume on last up bars?
after the 1.41466 bar with high volume demand dried very fast.
We also lost london so volume was bound to drop off... also as I mentioned in a post yesterday 4060 is key for bulls to hold and 4140 for bears to hold and for the other to break and then hold.

Also demand dried up yes... but no real supply came in either.
Today's zone = Tomorrow's opportunity!
  • #17,766
  • Mar 30, 2011 3:35pm Mar 30, 2011 3:35pm
Quoting pres78
We also lost london so volume was bound to drop off... also as I mentioned in a post yesterday 4060 is key for bulls to hold and 4140 for bears to hold and for the other to break and then hold.

Also demand dried up yes... but no real supply came in either.
True for london.

We should still be bullish on tomorrow's opening.
I am short USDCHF and USDJPY be reversing too.
"Hate the sin, love the sinner." - Gandhi
  • #17,767
  • Mar 30, 2011 3:38pm Mar 30, 2011 3:38pm
Quoting Steve Gill
My 1 hour analysis for you Jason...
Nice chart... I see big time accumulation going on here with SM loading up again and again at 4060. That being said FOMC and EU hawks are fighting and we do have NFP this week so SM may not take it very far up as 4100 is a nice midway point to go either way from... unlike us they can blow the crap out of all their longs on a dime and take it down a few hundred pips without blinking.
Today's zone = Tomorrow's opportunity!
  • #17,768
  • Mar 30, 2011 4:11pm Mar 30, 2011 4:11pm
Quoting pres78
Daily EU bar thus far is looking very much like a SO... highest volume of the last few days and a long tail at the bottom. Still a few hours to go but this looks bullish to me. Will see if we get an upday tommorow to confirm SO of 4060.

Also have to see where we close out today.
So it looks like we will be closing in the top 20-25% of the days range on highest volume in a few days (last 5 including today)... looking like a SO.

Higher close each of the last 3 days and higher lows...
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Today's zone = Tomorrow's opportunity!
  • #17,769
  • Mar 30, 2011 4:40pm Mar 30, 2011 4:40pm
Quoting HiddenGap
"History never repeats. I tell myself before I go to sleep." Split Enz

It would seem that the Split Enz did not track and follow the Smart Money in the markets.

Whilst most of Gavin's webinars are a re-hash of basic ideas and the same oil call (get over it already), sometimes there are some nuggets in there for the faithful.

Take a look at the ES charts for today.

Beautiful set-up here that was a direct result of something Gavin mentioned in his last webinar.

Notice the Green lines on the chart on the left. The key one is the lower line....
Another great post...

I actually without knowing it posted a similar thing on oil...

http://www.forexfactory.com/showpost...ostcount=17578

Look at that high vol and spread bar right at days open... the low played a short trade bounce as marked.
Today's zone = Tomorrow's opportunity!
  • #17,770
  • Mar 30, 2011 4:45pm Mar 30, 2011 4:45pm
Just got back from pulling some old school strings together and clearing things up with clients. At the same time, I had to enjoy some of those bullish pips...

Quoting Steve Gill
Clearly, that "dried volume" was the big buyers selling off some of their large position from their longs. Why? Well, that 5m and 15m closed at a high volume right below the previous high, and I waited for the next bar to form to see if it will close. Nope, it printed ns/nd. I closed two positions.
  • #17,771
  • Mar 30, 2011 4:56pm Mar 30, 2011 4:56pm
Quoting pres78
So it looks like we will be closing in the top 20-25% of the days range on highest volume in a few days (last 5 including today)... looking like a SO.

Higher close each of the last 3 days and higher lows...

In addition, the past three days has closed above may 2009 monthly's ns leading the previous week as a ns possibly. and of course i like to say, two weeks ago makes another confirmation closing on high volume above may 2009's weekly high volume.

I am still in for a bear hunt if I must choose a position. My stove is ready, and maybe I should buy some vinegar this time. Maybe the vinegar will help even more.

EDIT:
word correction ns, not shake out.
*smacks head
  • #17,772
  • Mar 30, 2011 5:41pm Mar 30, 2011 5:41pm
Quoting PipPipPip
In addition, the past three days has closed above may 2009 monthly's ns leading the previous week as a ns possibly. and of course i like to say, two weeks ago makes another confirmation closing on high volume above may 2009's weekly high volume.

I am still in for a bear hunt if I must choose a position. My stove is ready, and maybe I should buy some vinegar this time. Maybe the vinegar will help even more.

EDIT:
word correction ns, not shake out.
*smacks head
i just looked at the interests on your profile...hahaha
"Hate the sin, love the sinner." - Gandhi
  • #17,773
  • Mar 30, 2011 6:06pm Mar 30, 2011 6:06pm
Quoting TheGabriel
i just looked at the interests on your profile...hahaha
Theres nothing wrong with being a jogalow. Sometimes I just need to stroke my game once in awhile.
you look handsome yourself buddy, try it. but becareful in choosing, because they can come in all shapes and forms.

or were you referring to my off diet and connected hobbies?
  • #17,774
  • Mar 30, 2011 7:41pm Mar 30, 2011 7:41pm
Quoting PipPipPip
Theres nothing wrong with being a jogalow. Sometimes I just need to stroke my game once in awhile.
you look handsome yourself buddy, try it. but becareful in choosing, because they can come in all shapes and forms.

or were you referring to my off diet and connected hobbies?
lol, I was referring to the hobbies.

but i am the definition of the jigalow already
my city has the hottest girls ever, like russian models. and yes they come with many shapes and curves hahah
"Hate the sin, love the sinner." - Gandhi
  • #17,775
  • Mar 30, 2011 7:52pm Mar 30, 2011 7:52pm
russians are uglier, i just googled it.
these girls instead: http://www.google.com/images?um=1&hl...2g-m3&aql=&oq=

hope this is not inappropriate, taking a break right now

i'm long EuroUsd and short UsdChf
Demand coming on Euro and Cable
"Hate the sin, love the sinner." - Gandhi
  • #17,776
  • Mar 30, 2011 7:55pm Mar 30, 2011 7:55pm
Some weird volume spikes on GU in comparison to EU 5min charts...
Today's zone = Tomorrow's opportunity!
  • #17,777
  • Mar 30, 2011 7:58pm Mar 30, 2011 7:58pm
Quoting pres78
Some weird volume spikes on GU in comparison to EU 5min charts...
On GU 30M i have 3 up bars with rising volume on each one. Seems safe.
Euro is the same
"Hate the sin, love the sinner." - Gandhi
  • #17,778
  • Mar 30, 2011 8:01pm Mar 30, 2011 8:01pm
Very high volume on last H1 closed bar for GJ and UJ.

We could be changing direction and see Yen strength.
"Hate the sin, love the sinner." - Gandhi
  • #17,779
  • Mar 30, 2011 8:03pm Mar 30, 2011 8:03pm
It looks like asia open is staying out of positions until us opens, thats if it continues like this through lo.

Quoting TheGabriel
lol, I was referring to the hobbies.

but i am the definition of the jigalow already
my city has the hottest girls ever, like russian models. and yes they come with many shapes and curves hahah
Aging for men is not as scary as women, thank humanity. I guess that is why it is easier for us men to decide what is righteous.
  • #17,780
  • Mar 30, 2011 8:04pm Mar 30, 2011 8:04pm
Quoting TheGabriel
Very high volume on last H1 closed bar for GJ and UJ.

We could be changing direction and see Yen strength.
Don't know looks like that last UJ hour bar may have found some buyers... close well off it's low on a major increase in volume. Still looks weak for Yen...

GJ was a very high volume indecision almost pin bar... not sure.

Edit... could be absorption volume... next bar will tell.
Today's zone = Tomorrow's opportunity!
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