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vsa with Malcolm

  • #19,081
  • Apr 27, 2011 9:22am Apr 27, 2011 9:22am
Quoting millenseed
What's your reasoning behind this one?
High volume wide up bar followed by a upthrust bar followed by a no demand bar.

upthrust + no demand is probably enough of an indication of weakness to take the trade.
Enter Signature
  • #19,082
  • Apr 27, 2011 9:42am Apr 27, 2011 9:42am
Quoting millenseed
What's your reasoning behind this one?
my main reasoning was the no deman/ test bar that happened right on that orange trigger level, these are usually pretty reliable.
  • #19,083
  • Apr 27, 2011 10:12am Apr 27, 2011 10:12am
Quoting NaughtyPip
my main reasoning was the no deman/ test bar that happened right on that orange trigger level, these are usually pretty reliable.
Thanks, I get that, but still, isn't the bias still long on the EU?

PS: such a sh**ty day for trading the EU
  • #19,084
  • Apr 27, 2011 10:23am Apr 27, 2011 10:23am
Quoting millenseed
Thanks, I get that, but still, isn't the bias still long on the EU?

PS: such a sh**ty day for trading the EU

Long term bias is long but this is only a 5 min chart, smaller timeframe, smaller TP, for me anyway.
  • #19,085
  • Apr 27, 2011 11:52am Apr 27, 2011 11:52am
Quoting Suranga2500
Hi all,

Has anybody read Gavin Holme's new book? I saw they released it in thier site. would be much appreciate iff you could let me know



Thanks
you won't get it until late 16 may.
  • #19,086
  • Apr 27, 2011 11:53am Apr 27, 2011 11:53am
Nice post-FOMC 2nd shakeout in 6E futures. If spot can close above 1.47, I'd look for break of previous spot high, approaching 1.473/4/5, but be careful for the Ben press conference. The crappy dollar will come up and he'll have to say something nice, "we want a strong dollar", blah, blah ...
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  • #19,087
  • Apr 27, 2011 12:01pm Apr 27, 2011 12:01pm
Still holding onto my silver. Looking to add in, not today, but next week. Thank you ben bernanke.
  • #19,088
  • Apr 27, 2011 12:20pm Apr 27, 2011 12:20pm
mostly a 12 hour chart these days , targets 200 pip a week on eu / gu and 30 points on es

Only have to look at charts once a day

Take note of how they dried up up supply and lured the bears in , pre fomc was simple even off a fxcm chart I was looking at on ihpone, wonder how many are still selling eu off 1.4700 ... lol suckers...

Quoting ozzieb88
Malc are you still trading H1-H2?
Blogging daily now at www.volume.zone
  • #19,089
  • Apr 27, 2011 1:56pm Apr 27, 2011 1:56pm
Quoting millenseed
Thanks, I get that, but still, isn't the bias still long on the EU?

PS: such a sh**ty day for trading the EU
It was fast and furious, but VSA provided two perfect entry points to the long side today from what I saw. An entry at 4639 and another at 4680 of a low volume test.

The pace of the upmove seems to be slowing, which is something to take not of imo, but the direction is still higher.
  • #19,090
  • Apr 27, 2011 2:13pm Apr 27, 2011 2:13pm
lol, what a joke. Dollar is dead, buy every dip in GU and EU.
  • #19,091
  • Apr 27, 2011 2:19pm Apr 27, 2011 2:19pm
Quoting PipPipPip
Still holding onto my silver. Looking to add in, not today, but next week. Thank you ben bernanke.
silver up 4% just on that hour. holy molly!

qe2 will be the last of this year and commodities will be continued its rally. volume in this pair will be up up up.
  • #19,092
  • Apr 27, 2011 2:20pm Apr 27, 2011 2:20pm
Quoting Beljevina
Nice post-FOMC 2nd shakeout in 6E futures. If spot can close above 1.47, I'd look for break of previous spot high, approaching 1.473/4/5, but be careful for the Ben press conference. The crappy dollar will come up and he'll have to say something nice, "we want a strong dollar", blah, blah ...
I'm staying in this. 50 pips to 1.48, and post-Ben 1.49 would be all but a given, this week. Asia and London will freely contribute.
  • #19,093
  • Apr 27, 2011 2:31pm Apr 27, 2011 2:31pm
Nice lil move here.... Sweet.... .4800 today?
  • #19,094
  • Apr 27, 2011 2:35pm Apr 27, 2011 2:35pm
4640 was my entry on that clear stopping on a 15 min chart ... kind of expected it to be honest as the pattern of drying up supply they did in last 15 hours has been very evident at every resistance point of EU

Trading is boring these days.. and that is the way it should be...however making tons of $$$ is not boring ..lol



Quoting neutral
It was fast and furious, but VSA provided two perfect entry points to the long side today from what I saw. An entry at 4639 and another at 4680 of a low volume test.

The pace of the upmove seems to be slowing, which is something to take not of imo, but the direction is still higher.
Blogging daily now at www.volume.zone
  • #19,095
  • Apr 27, 2011 2:55pm Apr 27, 2011 2:55pm
Quoting Beljevina
I dug up what might have been the last such similar event - on Nov 3 when Bernanke announced QE2. We had a ~300 pip runup in the 2 days before, a 150 pip pop to significant/expected resistance in the minutes after the announcement, another 180 up in Asia, and then a retreat below where it was days ago (can't recall the reason why the retreat)
Notable that the exact same thing happened this time around, except much faster, and for the same dollar-negative reasons, yet much more pronouncedly. Now Asia and London should follow. Ben gets an A+ for performance consistency.
  • #19,096
  • Apr 27, 2011 2:57pm Apr 27, 2011 2:57pm
Quoting malcolmb14
mostly a 12 hour chart these days , targets 200 pip a week on eu / gu and 30 points on es

Only have to look at charts once a day

Take note of how they dried up up supply and lured the bears in , pre fomc was simple even off a fxcm chart I was looking at on ihpone, wonder how many are still selling eu off 1.4700 ... lol suckers...
Ahh ok how's that working? I thought you were trading H1 H2 for 300 pips target for some reason!

You not interested in intraday anymore then? Could you post a 12hr chart I have 8 then straight to daily....
  • #19,097
  • Apr 27, 2011 2:57pm Apr 27, 2011 2:57pm
lol.....A+++.... give that man an Oscar

Thinking we may blast right thru 4850 area I mentioned yesterday , but weekly range is done at 4837, so lets see what next two days brings

Quoting Beljevina
Notable that the exact same thing happened this time around, except much faster, and for the same dollar-negative reasons, yet much more pronouncedly. Now Asia and London should follow. Ben gets an A+ for performance consistency.
Blogging daily now at www.volume.zone
  • #19,098
  • Apr 27, 2011 3:02pm Apr 27, 2011 3:02pm
Quoting malcolmb14
lol.....A+++.... give that man an Oscar

Thinking we may blast right thru 4850 area I mentioned yesterday , but weekly range is done at 4837, so lets see what next two days brings
i think bernanke has purchased low on his oil, and doesn't want to give it up just yet.
  • #19,099
  • Apr 27, 2011 3:02pm Apr 27, 2011 3:02pm
Quoting malcolmb14
4640 was my entry on that clear stopping on a 15 min chart ... kind of expected it to be honest as the pattern of drying up supply they did in last 15 hours has been very evident at every resistance point of EU

Trading is boring these days.. and that is the way it should be...however making tons of $$$ is not boring ..lol
I'm getting there. Vsa really helped me understand the why price action is moving the way it is. LOL, trading is good, and relaxing.
  • #19,100
  • Apr 27, 2011 3:08pm Apr 27, 2011 3:08pm
I can tell you what is relaxing

1) Driving with Steve around a track in Harrow
2) hanging on a beach in dubai with a cold beer and lots of eye candy all around
3) fishing with sonofin on the local rivers

but trading is far from relaxing..... well it can be when you trade 12 hou charts ....

Quoting neutral
I'm getting there. Vsa really helped me understand the why price action is moving the way it is. LOL, trading is good, and relaxing.
Blogging daily now at www.volume.zone
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