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vsa with Malcolm

  • #18,141
  • Apr 5, 2011 7:45am Apr 5, 2011 7:45am
Quoting KinsaleForex
I took a test off that Cable trigger I posted a page or so back. Stop currently moved to break even with a target of 6255.

Edit - for those of you that are going to compare to my last chart, my internet went down so i had to reboot the program, some of the bars have repainted from the previous chart.
Target hit
  • #18,142
  • Apr 5, 2011 7:49am Apr 5, 2011 7:49am
EU is really annoying today
  • #18,143
  • Apr 5, 2011 7:52am Apr 5, 2011 7:52am
Quoting 1pipperhour
EU is really annoying today
LOL I was just writing the same sentence!

And look at ej it's even worse.
  • #18,144
  • Apr 5, 2011 7:55am Apr 5, 2011 7:55am
Quoting 1pipperhour
EU is really annoying today
There's a nice test at the 13:30 - 35 bar, testing 1.4175 trigger. I probably would've taken it if my other trade wasn't running. Having said that, It's currently a few pips down on what my entry price would have been.
  • #18,145
  • Apr 5, 2011 8:00am Apr 5, 2011 8:00am
Quoting KinsaleForex
There's a nice test at the 13:30 - 35 bar, testing 1.4175 trigger. I probably would've taken it if my other trade wasn't running. Having said that, It's currently a few pips down on what my entry price would have been.
I was watching that and considered it to be ns and thought I'll wait for the test. Never happend. It is ranging. I will wait for clear break out or I will just start buying @4160
  • #18,146
  • Apr 5, 2011 8:04am Apr 5, 2011 8:04am
Quoting 1pipperhour
I was watching that and considered it to be ns and thought I'll wait for the test. Never happend. It is ranging. I will wait for clear break out or I will just start buying @4160
Just as well I did have the other trade going! Both Loony and Swissy are reversing so that suggests down for Cable and Eddie.

(i use too many nicknames for currency pairings)
  • #18,147
  • Apr 5, 2011 8:18am Apr 5, 2011 8:18am
Quoting KinsaleForex
Just as well I did have the other trade going! Both Loony and Swissy are reversing so that suggests down for Cable and Eddie.

(i use too many nicknames for currency pairings)
Yen is flying to Mars
  • #18,148
  • Apr 5, 2011 8:22am Apr 5, 2011 8:22am
Quoting 1pipperhour
Yen is flying to Mars
and potentially testing
  • #18,149
  • Apr 5, 2011 8:24am Apr 5, 2011 8:24am
Saw this one, but was afraid of taking it as we have a ranging day. Had come out great.
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  • #18,150
  • Edited 12:26pm Apr 5, 2011 8:41am | Edited 12:26pm
Selling/supply prepositioning for ISM NonManufacturing PMI good number expected and priced into PA.
*********************
Thanks to all for helpful charts and VSA insights.
************************
I'm trading this by waiting for a break on strength above the prior high and then looking for a low TA test of 84.72 to got long with a stop at 84.03 and take profit at 85.77.
*****************************
Thanks to KinsaleForex for correctly pointing out that ISM PMI disappoints. Therefore my plan B is now to stop sell UJ on a break below 84.29, 5 pips below significant low TA test close forming a trigger line, SL at 84.44, TP at 83.67; Good Trading to All.
*********************
Edit 18:22 GMT: No trade today. Rate did not break above or below trigger lines. Now its time to office. No trades between 18:00 GMT or Singapore open at 01:00. Best and Good.
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  • #18,151
  • Apr 5, 2011 9:04am Apr 5, 2011 9:04am
Quoting rbumbalough
Selling/supply prepositioning for ISM NonManufacturing PMI good number expected and priced into PA.
*********************
Thanks to all for helpful charts and VSA insights.
************************
I'm trading this by waiting for a break on strength above the prior high and then looking for a low TA test of 84.72 to got long with a stop at 84.03 and take profit at 85.77.
News came out worse than expected.
  • #18,152
  • Apr 5, 2011 9:10am Apr 5, 2011 9:10am
looks like ism was already priced in. lets hope the same for expectations on FOMC.
  • #18,153
  • Apr 5, 2011 9:19am Apr 5, 2011 9:19am
Quoting PipPipPip
looks like ism was already priced in. lets hope the same for expectations on FOMC.
Indeed..

Bad News but Euro Fly..


Sonic
  • #18,154
  • Apr 5, 2011 9:22am Apr 5, 2011 9:22am
Quoting sonicdeejay
Indeed..

Bad News but Euro Fly..


Sonic
isn't the news bad for usd?
euro should be flying off course?
  • #18,155
  • Apr 5, 2011 9:24am Apr 5, 2011 9:24am
Quoting rbumbalough
Selling/supply prepositioning for ISM NonManufacturing PMI good number expected and priced into PA.
*********************
Thanks to all for helpful charts and VSA insights.
************************
I'm trading this by waiting for a break on strength above the prior high and then looking for a low TA test of 84.72 to got long with a stop at 84.03 and take profit at 85.77.
*****************************
Thanks to KinsaleForex for correctly pointing out that ISM PMI disappoints. Therefore my plan B is now to stop sell UJ on a break below 84.29,...
for what it's worth, UJ looks like a sell to me, not a buy...last 2 30M upbars into previous top, on UHV, and the UT bar not breaking highs...

I'm not trading it as i've only started following it, but that's my point of view on it.
Attached Image (click to enlarge)
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Change is the only constant
  • #18,156
  • Apr 5, 2011 9:34am Apr 5, 2011 9:34am
golly, i am loving this pa this morning.
  • #18,157
  • Apr 5, 2011 9:37am Apr 5, 2011 9:37am
Quoting PipPipPip
golly, i am loving this pa this morning.
can you tell me the direction you are in?
cause i'm rather confused when you said earlier that it'll be a bear day.
  • #18,158
  • Apr 5, 2011 9:40am Apr 5, 2011 9:40am
seems buying climax = Pros took profit followed by UTs
  • #18,159
  • Apr 5, 2011 9:43am Apr 5, 2011 9:43am
Quoting PipPipPip
Us opens at 8:30 ny time. so that would be in 60 minutes.
ny might open up with a small upward move, and downplay to 1.41 mid or lower before moving up for THUSDAY (green pip day).

Ive closed most of my longs that I took positions couple months back yesterday, but I still haven't closed some positionss from 1.38 area, I am ready to go either way.
high volume/ ND high from today - or close, might still be possible as a test before the drop for FOMC.

I am going both ways, however, still a eur bull bias. There is still super sayan strength on the daily and weekly.



Quoting ivonivon
can you tell me the direction you are in?
cause i'm rather confused when you said earlier that it'll be a bear day.
  • #18,160
  • Apr 5, 2011 9:45am Apr 5, 2011 9:45am
You'll get plenty of echos from me on the lethargic PA this London session; shoulda been in GU, but wasn't. I've been monitoring the 6E futures volumes and noticed a surge down at 4135 or when spot was at the key 4160 . A subsequent retest on 6E and I bought. 20 pips so far and one contract out, hoping for the hourly bar to print bullish. Problem is we seemed to have gotten our lift on ho-hum US data, and we're mirroring USDJPY to a T (and USDCHF I think, although I don't really follow it).

BTW, 6E/EU seems very correlated with ES/S&P - it's retraced upwards fairly quickly since NY open recovering most overnight losses; buyers seemingly present there too, around the same time.

Watching 41923, yesterday's low, although a redip/retest to 4160 would not surprise me in the next hourly bar.
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