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vsa with Malcolm

  • #18,681
  • Apr 15, 2011 2:38am Apr 15, 2011 2:38am
Quoting dvarrin
Weakness on EURUSD M15 chart? Entry short at 1.4457 perhaps
watch out with this look at ns bars on 15/5 min also we are above trigger at 1.4450.
I would wait till market moves from this high volume closes area and choooses some direction
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #18,682
  • Apr 15, 2011 2:42am Apr 15, 2011 2:42am
Quoting KinsaleForex
Looking at the 5min I can't tell what it's doing at the moment! There was a failed test of a trigger line @ 10:15 GMT. I'm staying out for now anyway.
You're right :-(
  • #18,683
  • Apr 15, 2011 2:45am Apr 15, 2011 2:45am
NS and now Nd. I still have a chance ;-) It it break below the ND bar now it should be safe to enter as it would be below the trigger line, is it right?
  • #18,684
  • Apr 15, 2011 2:57am Apr 15, 2011 2:57am
Quoting dvarrin
NS and now Nd. I still have a chance ;-) It it break below the ND bar now it should be safe to enter as it would be below the trigger line, is it right?
Perhaps, two failed ND at 9:35 and 9:40 though. It's caught sideways at the moment. I'd wait for a clear move away then come back to test or on a ND
  • #18,685
  • Apr 15, 2011 3:05am Apr 15, 2011 3:05am
It's a bit difficult: near the trigger level there was a ND Upthrust, then an Upthrust, but the bar breaking it was a NS bar, and now again we see a ND bar and an Upthrust with the low right at the trigger level.
  • #18,686
  • Edited 3:30am Apr 15, 2011 3:17am | Edited 3:30am
Hello

Please tell me do i get this right

That marked bar is the bar with a highest volume in the past few days and you can see how it mess with all the tradeing afterward

Do i get it right?

We use now this bar until we get one with a higher volume or...?

What happend if i move to higher TFs charts

Picture looks a bit different..

I am a litle bit confused with that matter

Look now please that 2h chart

In that perspective it looks like we are close to an buying opprtynity

So what TF and where should i start from?

Again 4h looks diferent again ....hm
Attached Image(s) (click to enlarge)
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Work smart not hard
  • #18,687
  • Apr 15, 2011 3:34am Apr 15, 2011 3:34am
Quoting malcolmb14
here is the outcome of this trade set up i was following earlier , sadly i lost patience and got out -24,,, it happens

Attachment

where is the better volume indi to download for mt4 ? What are the settings ...
  • #18,688
  • Apr 15, 2011 3:41am Apr 15, 2011 3:41am
seems accumulating at the lower value level.

a vpoc just below the current price

3 vpocs are above from there.

waiting for retracing to mml 1/8 stop and reverse @ 0.89113
Attached Image(s) (click to enlarge)
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  • #18,689
  • Apr 15, 2011 4:53am Apr 15, 2011 4:53am
I took the short on EURUSD M15 after a top reversal. Well it is aggressive because i didn't wait for ND and it is still above 1.4450.

In fact that's a difficult situation, because the high volume on the down wide spread bar some time back could be buying, but I think because the price was in a trading range this cannot be the buying appearing after a down trend.

Now I exited breakeven because there is again NS and it could well go up.

Anybody could explain if it is possible that SM is buying in the wide spread down bar?
  • #18,690
  • Apr 15, 2011 4:59am Apr 15, 2011 4:59am
Quoting dvarrin
I took the short on EURUSD M15 after a top reversal. Well it is aggressive because i didn't wait for ND and it is still above 1.4450.
Can you post a chart? We are not at a top so I am not sure what you mean by a top reversal.
Today's zone = Tomorrow's opportunity!
  • #18,691
  • Apr 15, 2011 5:08am Apr 15, 2011 5:08am
Here is the chart.
Attached Image (click to enlarge)
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  • #18,692
  • Apr 15, 2011 5:13am Apr 15, 2011 5:13am
I think the big down bar I marked as failed test cannot be buying from the SM because there was an upmove on high volume inside the trading range and also the fact that it is a trading range makes me think that there is no buying, But I don't knwo if I understand that well. That's why I'm asking you to correct me if I'm wrong.
  • #18,693
  • Apr 15, 2011 5:34am Apr 15, 2011 5:34am
Is SM buying or is the herd covering the longs?!!
  • #18,694
  • Apr 15, 2011 5:40am Apr 15, 2011 5:40am
After the news the triggers to watch are 1.6355 on GU and 1.4452 on EU.

I'm thinking short off these, but see what the market tells us.
  • #18,695
  • Apr 15, 2011 5:45am Apr 15, 2011 5:45am
Should be interesting with the amount of volume coming in this week.

EUR/USD Weekly
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  • #18,696
  • Apr 15, 2011 5:55am Apr 15, 2011 5:55am
Quoting KinsaleForex
After the news the triggers to watch are 1.6355 on GU and 1.4452 on EU.

I'm thinking short off these, but see what the market tells us.
Yep, already took the short, but will be watching for an exit in what looks to be a support range of .4385-.4365
  • #18,697
  • Apr 15, 2011 6:10am Apr 15, 2011 6:10am
Quoting neutral
Yep, already took the short, but will be watching for an exit in what looks to be a support range of .4385-.4365
Be wary, some potential buying came in at, well, every time frame. Huge volume.

13:40 bar on the 5min though.
  • #18,698
  • Apr 15, 2011 6:14am Apr 15, 2011 6:14am
Quoting fosking
Should be interesting with the amount of volume coming in this week.

EUR/USD Weekly
Attachment
mhmmm ... my weekly does not look like that. If this is marketscope it has maybe gone mad a bit. I've seen this happening before.
  • #18,699
  • Apr 15, 2011 6:15am Apr 15, 2011 6:15am
Quoting fosking
Should be interesting with the amount of volume coming in this week.

EUR/USD Weekly
Attachment
Fosking, I think that weekly volume is suspect - I'm not seeing anywhere near that type of increase in a reliable feed, plus check a 2nd and it looks fairly normal. Futures on weekly don't show a marked increase either.

Futures M5 show a marked increase in activity just before 9am EST - it is the largest volume of the week - 60min futures just printed the largest volume of the week as well for that 8-9am (last hour) bar. There's a chance we could be looking at a selloff, given the hourly closed off it's lows. If the M15 prints green follow-ons with strength, buyers may have stepped in. Comparing this high volume bar to last Thurs & Fri, it seems more like sellers. Let's see how the next 2 M15's print - support of price is definitely occurring .. but seems much slower than previous days.
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  • #18,700
  • Apr 15, 2011 6:15am Apr 15, 2011 6:15am
I closed one part already and now I'm trying to manage the rest using Tom Williams trade management strategy where we have to exit when there are two bars in the opposite direction and on increasing volume. Never tried it. lets see!
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