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vsa with Malcolm

  • #19,321
  • May 6, 2011 6:15am May 6, 2011 6:15am
Quoting dvarrin
I see a test on EURUSD M15 right now. Anybody agrees?
I am confused with EU, I can see that price could go to both directions.
But if it is going up, I think they shakeout just before up move.
I am more bullside, but like I said, confused.
  • #19,322
  • May 6, 2011 6:16am May 6, 2011 6:16am
Quoting dvarrin
What are the conditions for an up bar to be NS or Test and a down bar to be ND. Usually it is reversed, but in some cases it is possible that an up bar is actually a test.
As far as I know a ND has to be an upbar and a NS a downbar... a test which is an upbar is called a hidden test.
Today's zone = Tomorrow's opportunity!
  • #19,323
  • May 6, 2011 6:17am May 6, 2011 6:17am
Quoting dvarrin
I see a test on EURUSD M15 right now. Anybody agrees?
Just be careful with NFP in 1hr and 15mins...
Today's zone = Tomorrow's opportunity!
  • #19,324
  • May 6, 2011 6:25am May 6, 2011 6:25am
Yes I'm confused with EU too. I'm waiting. But do you think it could go in the opposite direction of Cable?
  • #19,325
  • May 6, 2011 6:25am May 6, 2011 6:25am
Quoting dvarrin
Good idea :-) I'll do that. Thank you juhanimi!
Yes, it is a good idea, it`s Tom Williams`s idea.
  • #19,326
  • May 6, 2011 6:28am May 6, 2011 6:28am
Quoting dvarrin
Yes I'm confused with EU too. I'm waiting. But do you think it could go in the opposite direction of Cable?
I really don`t know.
  • #19,327
  • May 6, 2011 6:32am May 6, 2011 6:32am
Quoting juhanimi
I really don`t know.
Now I'm more on the bearish side and waiting for ND around 1.4530.
  • #19,328
  • May 6, 2011 6:40am May 6, 2011 6:40am
Okey.
Have to go, good luck and good weekend.
  • #19,329
  • May 6, 2011 6:43am May 6, 2011 6:43am
Quoting dvarrin
Now I'm more on the bearish side and waiting for ND around 1.4530.
I think it was already tested on EURUSD M5.
  • #19,330
  • May 6, 2011 7:05am May 6, 2011 7:05am
Quoting dvarrin
I think it was already tested on EURUSD M5.
Always changing!! Now I'm waiting for a test at 1.4502.

Heu no. bearish side should continue.
  • #19,331
  • May 6, 2011 7:08am May 6, 2011 7:08am
Gentz, there were some tests in the market against the background of weakness. I spotted what I thought was an effort to rise, it tested but fizzled out after 5 bars. So the WB up had to be weakness (W1e), which was soon to be confirmed with a definite 2 bar reversal. After that we had tests in a weak market, (t3 & t4) notice that they are used to position the market to enable shorting.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 5min 20110506d.gif Size: 25 KB
  • #19,332
  • May 6, 2011 7:17am May 6, 2011 7:17am
Quoting dvarrin
Always changing!! Now I'm waiting for a test at 1.4502.

Heu no. bearish side should continue.
I close my short trade. -1 pips instead of 20 :-((
  • #19,333
  • May 6, 2011 7:47am May 6, 2011 7:47am
Looks like heavy duty support...
  • #19,334
  • May 6, 2011 8:00am May 6, 2011 8:00am
EURUSD should test 1.45000 level.
  • #19,335
  • May 6, 2011 8:09am May 6, 2011 8:09am
Quoting FrankSA
Gentz, there were some tests in the market against the background of weakness. I spotted what I thought was an effort to rise, it tested but fizzled out after 5 bars. So the WB up had to be weakness (W1e), which was soon to be confirmed with a definite 2 bar reversal. After that we had tests in a weak market, (t3 & t4) notice that they are used to position the market to enable shorting.

If the market is showing weakness in the background then shouldnt we be looking for tests in the opposite direction? This always confuses me
  • #19,336
  • May 6, 2011 8:09am May 6, 2011 8:09am
Quoting dvarrin
EURUSD should test 1.45000 level.
We are back at daily open (around 4540)... watch for reaction. It may just take off from 4500 and never test...
Today's zone = Tomorrow's opportunity!
  • #19,337
  • May 6, 2011 8:11am May 6, 2011 8:11am
Quoting NaughtyPip
If the market is showing weakness in the background then shouldnt we be looking for tests in the opposite direction? This always confuses me
Weakness we want to see ND's, UT's or low volume UT's (upside down tests)...
Today's zone = Tomorrow's opportunity!
  • #19,338
  • May 6, 2011 8:12am May 6, 2011 8:12am
Won't be surprised to see some resistance around .4580, might provide a test around this area, and an opportunity for those who aren't long already.
  • #19,339
  • May 6, 2011 8:12am May 6, 2011 8:12am
Quoting dvarrin
EURUSD should test 1.45000 level.
Too bad!!!

I missed the test. It was on M5
  • #19,340
  • May 6, 2011 8:15am May 6, 2011 8:15am
Quoting dvarrin
Too bad!!!

I missed the test. It was on M5
Would you mind posting a chart? I don't see a 5min test of 4500?
Today's zone = Tomorrow's opportunity!
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