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vsa with Malcolm

  • #19,021
  • Apr 26, 2011 5:47am Apr 26, 2011 5:47am
Quoting Beljevina
Something is definitely out of whack and disproportionate there - the previous days are far too equivalent (maybe they'd be better if that UHV yesterday bar was gone or not in vew) and the upthrust into 50 prints greater by at least a factor of 4 over any previous day. It's hard to say what type of volume and who's transaction ticks they are echoing back.

Enclosed is the barcharts.com...
great thanks Bel,

at least the hourlies look representitive of your hourlies... will stay away from their metals until they get the data feeds corrected
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Catching a falling knife, no, I'm just trading the Gartley!
  • #19,022
  • Apr 26, 2011 7:01am Apr 26, 2011 7:01am
What do you guys think about this trade:
There are two down bars where the ellipse is, with low volume. Hull is green and there is strength in the background. First TP on the 6/8 MML ??
The first one of the two bars looks like an upthrust though.
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  • #19,023
  • Apr 26, 2011 7:12am Apr 26, 2011 7:12am
Guys if sombeody is for shorts i would not go before 1.4620 ,1.4630 area

Also that would be mine place for long..if we go above and test it from that side

But dont know...activiti there is the highest volume bar for now...

Did anybody take that nice long trade?

30 min after London open market gave us one more chanche..on 3 min chart...lol...i loork from time to time on 3 min but it is badass TF
Work smart not hard
  • #19,024
  • Apr 26, 2011 7:30am Apr 26, 2011 7:30am
Quoting millenseed
What do you guys think about this trade:
There are two down bars where the ellipse is, with low volume. Hull is green and there is strength in the background. First TP on the 6/8 MML ??
The first one of the two bars looks like an upthrust though.
good set up. i actually have my first long for today there.
have been waiting for the no selling pressure after price bounce back up from two weeks ago high price at 1.4520.
  • #19,025
  • Apr 26, 2011 7:35am Apr 26, 2011 7:35am
How we repected those lines , nice..for small scalps...real volume started to come this morning
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Work smart not hard
  • #19,026
  • Apr 26, 2011 7:36am Apr 26, 2011 7:36am
eu has already done 159 pips today, it might be a 200 pip day again but near the top of a 160 pip rally the RR isnt very good now (especially when its gone pretty quiet even since ny open). think ill wait a bit see what happens after opening bell or at the news later
  • #19,027
  • Apr 26, 2011 7:44am Apr 26, 2011 7:44am
Quoting sony
Guys if sombeody is for shorts i would not go before 1.4620 ,1.4630 area

Also that would be mine place for long..if we go above and test it from that side

But dont know...activiti there is the highest volume bar for now...

Did anybody take that nice long trade?

30 min after London open market gave us one more chanche..on 3 min chart...lol...i loork from time to time on 3 min but it is badass TF

I didn't take that trade. I was watching the 15M chart and saw too late the test on the 5M chart :-(
  • #19,028
  • Apr 26, 2011 7:54am Apr 26, 2011 7:54am
Quoting dvarrin
I didn't take that trade. I was watching the 15M chart and saw too late the test on the 5M chart :-(

When you have strenght alredy in bckg you can go over 3 min chart
Work smart not hard
  • #19,029
  • Apr 26, 2011 8:58am Apr 26, 2011 8:58am
Very expensive for a book the last book from Gavin Holmes. Anybody bought it already? Is it worth the price? If it's 150 pages with charts only I'm not convinced at all :-(
  • #19,030
  • Apr 26, 2011 9:29am Apr 26, 2011 9:29am
Quoting dvarrin
Very expensive for a book the last book from Gavin Holmes. Anybody bought it already? Is it worth the price? If it's 150 pages with charts only I'm not convinced at all :-(
I've heard from a few people that have bought it but it's not being shipped until mid may so no one has it yet. Maybe wait a bit for some feedback.
  • #19,031
  • Apr 26, 2011 9:36am Apr 26, 2011 9:36am
Starting to think about some shorts 6e...lower highs on 30 min...but still iw ould like to see some confomration...Trigger for me is now 1.4618 and 1.4630 ...So above 30 maybe longs everything below would make me to think on short side
Work smart not hard
  • #19,032
  • Apr 26, 2011 9:42am Apr 26, 2011 9:42am
Quoting ewokuk
eu has already done 159 pips today, it might be a 200 pip day again but near the top of a 160 pip rally the RR isnt very good now (especially when its gone pretty quiet even since ny open). think ill wait a bit see what happens after opening bell or at the news later
4650 will not go easy IMHO.
Today's zone = Tomorrow's opportunity!
  • #19,033
  • Apr 26, 2011 9:43am Apr 26, 2011 9:43am
4H candle ending soon on background which will decide.
  • #19,034
  • Apr 26, 2011 9:47am Apr 26, 2011 9:47am
Quoting sony
Starting to think about some shorts 6e...lower highs on 30 min...but still iw ould like to see some confomration...Trigger for me is now 1.4618 and 1.4630 ...So above 30 maybe longs everything below would make me to think on short side
15m left to 11am, and risk seems to be on, with a new 1342 high in S&P. If there's no new s to damper things, we could see another 50 pips up from here. Am watching the hourly close, which is looking bullish. Interesting to watch UJ - that patient's been dead for hours - no pulse there, lol!
  • #19,035
  • Apr 26, 2011 10:00am Apr 26, 2011 10:00am
Yeah Beljevina... Also maybe we should close our "shop" for now...Daily ATR is used in total as well


Easy pips were around Lond. open


I like to trade London just more than everything

Strategy for now for me would be brake of 1.4630 and than pullback for long ...

If we are short than this is area for that ..No demand, uptrust or buying climax into 1.4610 area
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Work smart not hard
  • #19,036
  • Apr 26, 2011 10:05am Apr 26, 2011 10:05am
Well, not many clues from the bar prints. But, strength is definitely there, and buying off the last low was persistent. The last red bar is the hourly close, and gives a somewhat inconclusive direction. There's still a reasonable chance for another launch upwards, if not through the NY lunch upcoming, then in the afternoon. Keep watching the S&P. I think I'll wait for a wedge breakout, but am leaning to the upside. Let's see what London close brings, if anything; a 45881/45791 bounce would not surprise.

There is definitely some strategy here based on the FOMC statement tomorrow - hindsight shows it will be to the upside.
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  • #19,037
  • Apr 26, 2011 11:36am Apr 26, 2011 11:36am
Has anyone heard from Malc. lately? I really miss his teachings.
  • #19,038
  • Apr 26, 2011 11:48am Apr 26, 2011 11:48am
Quoting tornado11
Has anyone heard from Malc. lately? I really miss his teachings.
i think he deserted us, with geppynius
  • #19,039
  • Edited 3:33pm Apr 26, 2011 2:23pm | Edited 3:33pm
I hope all is green pipping and trading safe.

There was something that has been bugging me.

---Tomorrow's $600 billion Treasury-buying scheme aimed at boosting asset prices
--vs--
---2008 $700 billion financial rescue fund.

I just feel that there is a strong correlation between the two.

In 2008, congress decide to print and spend that $700 Bill for bailouts. Tomorrow, it is possible that congress will sell their current expired treasuries and repurchase a $600 Bill for new ones.

Looking back to that November 19 2008, ($700 Bill), I hate to say it, but volume reversed. However, it made sense for the long run - dollar weakened - US going into more debt than eur at the time, giving way for a reversal for the pair - eur strengthening. Of course there are more factors, but this is one in many with large volume.

I can only think that tomorrow's news will reflect to 2008 not that the volume will reverse, but the USD will continue to weaken...

I know I am still missing something here, or maybe I am seeing it wrong. I am not an expert in these speculations and analysis in fundies... Maybe someone can correct me. Please.

EDIT:

There is some speculation that FEDs will increase the base interest rate by the end of 2011... takes?

Also, I might already be late in posting this, because prices are most likely priced in. Just something that I should have focused more in detail in the past.
  • #19,040
  • Apr 26, 2011 4:46pm Apr 26, 2011 4:46pm
hey anyone have any input on these "inside" test bars and what seems to work best for everyone, kinda of like the one I have highlighted on my cursor. I seem to have a 50/50 on these, just seeing anyone elses input. I know HG talked about them once but not in much detail that I can remember.
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