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vsa with Malcolm

  • #19,501
  • May 11, 2011 9:00am May 11, 2011 9:00am
1355 .... supply hit market at close yesterday on a 30 min

easy trading today when that fialed .. now we have a ton of news tomorrow / friday.....

1135 , 1324 and 1300 targets


Quoting Sambo9
Hello Malcolmb,

I looked at your 30 min chart and see indeed selling, however your are speaking about an important move if don't mistake you ( "june may be the month") ? Why do you have this feeling that the market is ready for a correction ?

In the daily chart I can't see any SOW, do you think the supply in the 1330 area we saw at the beginning of march will stop the bull market ? I'm a rookie so if you had few minutes it will be greatly appreciated

Have a good day,
Sambo
Blogging daily now at www.volume.zone
  • #19,502
  • May 11, 2011 9:01am May 11, 2011 9:01am
sometimes a 5 min chart does work



Quoting malcolmb14
very nice supply coming in off hat 4380 trigger line for a quick 40 , maybe more , now to prove continued weakness we need no demand on up moves , target 4300 days low , 4260 if that happens
Blogging daily now at www.volume.zone
  • #19,503
  • May 11, 2011 9:08am May 11, 2011 9:08am
Quoting malcolmb14
very nice supply coming in off hat 4380 trigger line for a quick 40 , maybe more , now to prove continued weakness we need no demand on up moves , target 4300 days low , 4260 if that happens

Wow you nailed it! I've been using 5 min charts for a while and PA seems to respect it nicely.
  • #19,504
  • May 11, 2011 9:12am May 11, 2011 9:12am
Does anyone else think this looks like the SM is buying up the supply at progressively lower levels? The black boxes indicate the bars I'm looking at.
Attached Image (click to enlarge)
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  • #19,505
  • May 11, 2011 9:23am May 11, 2011 9:23am
Malcolm - Which chart did you seeing the selling on?

Right after I posted, it went below 4250 on high volume. :-)
  • #19,506
  • May 11, 2011 9:27am May 11, 2011 9:27am
i have also been bearish into 4150 anyway.. mentioned it earlier in week so was looking for any excuse to hammer it.

The same with the us stock market ... posted that bear etf for the rrsp , managed to get in 10 cents lower .... now es weakness is proven

Quoting sidhujag
Wow you nailed it! I've been using 5 min charts for a while and PA seems to respect it nicely.
Blogging daily now at www.volume.zone
  • #19,507
  • May 11, 2011 9:29am May 11, 2011 9:29am
DAMMIT MALCOLM!!!!......you are F#@KING GOOD brother!!!! i mean you really know your sh@t!!! nearly every review you make goes exactly the way you claim it will ..BEFORE it happens!!! How long you been doing this??? I wanna know what you know dude!!! LOL...really appreciate all your calls.....that goes for you too pres78 and all the gang here!!! you guys really give me hope that this CAN be done!!!! i gotta feeling this is the only true way anyone can ever prosper in this game...regards, RB
  • #19,508
  • May 11, 2011 9:34am May 11, 2011 9:34am
Quoting malcolmb14
i have also been bearish into 4150 anyway.. mentioned it earlier in week so was looking for any excuse to hammer it.

The same with the us stock market ... posted that bear etf for the rrsp , managed to get in 10 cents lower .... now es weakness is proven
4150... a level I have mentioned a few times as well... 38.2 fib retrace of this years move and well as we all know that was the low of the April 18th SO bar... reaction at that level as well as 4200 which at the end of the day kept the SO at bay and gave clear sign that it was in fact a SO and not the start of a sell off. 4150 was tested, 4200 held and up 800 pips we went. Let's see what happens this time.
Today's zone = Tomorrow's opportunity!
  • #19,509
  • May 11, 2011 9:37am May 11, 2011 9:37am
Malcolm - It is fun as h#ll reading your posts and then watching the PA.

Twice in the past couple weeks you've used the term "drying up". Once for supply on the way up to 1.50, then again today for demand.

Care you share any insight on how the rest of us can start recognizing when drying up is happening?
  • #19,510
  • May 11, 2011 9:41am May 11, 2011 9:41am
it is fun watching you guys nail this stuff!!!! yes pres78 i remeber reading your 4150 post ...so are we going there or is it to soon to tell? thanks, RB
  • #19,511
  • May 11, 2011 9:48am May 11, 2011 9:48am
Quoting Robbin Banks
it is fun watching you guys nail this stuff!!!! yes pres78 i remeber reading your 4150 post ...so are we going there or is it to soon to tell? thanks, RB

Reaction at 4200 is what I am watching now... we touched 4198... A close above 4200 and a move down to test tommorow would be a great long entry. Just look at the daily chart comparing April 18th and today...

April 18th high was 4420, low was 4155 and close was 4227
Today high was 4424, low so far is 4198 and close....

Will not make any further decisions until I see the final low, close and volume for today. In all honesty we could go either way from here. A close below 4200 is quite bearish IMO, 4150 gives way and we are looking at at least 3900.
Today's zone = Tomorrow's opportunity!
  • #19,512
  • May 11, 2011 9:49am May 11, 2011 9:49am
Luck Robbin

I hooked up with Steve Gill while back in the UK. We wer having a nice pub meal in the evening and a few pint.... after doing some drunken trading and getting well underwater ( scuba trader) we decided we needed some luck. At that very moment the local church came around looking for donations and we both gave happily , we got church stickers , that now became out lucky church stickers.

Since that very day I have not had one loss ...lol. i always wear my lucky church sticker

On a more serious note .. everything is in the charts... do not get caught up to much in the detials . Look at the larger picture. That is what i have been doing. Looking at 12 , 8 and 4 hour charts , using 30 1nd 15 as entries. I got a bit caught in the chip yesterday , mentioned buy 43950 to 4420 , but shorted to early and got stopped 25 and then again 35 ....

es was EASY once we saw that selling last week ... I mean yesterday ripped for what ...cause microsoft bought skype !!!! give me an f*****G break!!!


Quoting Robbin Banks
DAMMIT MALCOLM!!!!......you are F#@KING GOOD brother!!!! i mean you really know your sh@t!!! nearly every review you make goes exactly the way you claim it will ..BEFORE it happens!!! How long you been doing this??? I wanna know what you know dude!!! LOL...really appreciate all your calls.....that goes for you too pres78 and all the gang here!!! you guys really give me hope that this CAN be done!!!! i gotta feeling this is the only true way anyone can ever prosper in this game...regards, RB
Blogging daily now at www.volume.zone
  • #19,513
  • May 11, 2011 9:58am May 11, 2011 9:58am
Quoting Robbin Banks
it is fun watching you guys nail this stuff!!!! yes pres78 i remeber reading your 4150 post ...so are we going there or is it to soon to tell? thanks, RB
The best part is that we have come all the way down from 4940 high into 4200ish zone and I don't think I have taken a single trade on EU ...

Have been mainly trading oil over the past while and just watching EU and GU. If a long presents itself in the 4150-4200 zone I will jump on and look to ride it back to 4500 first and then back towards the yearly high. Otherwise I will see if a nice short set-up occurs into this same zone from below.
Today's zone = Tomorrow's opportunity!
  • #19,514
  • May 11, 2011 10:19am May 11, 2011 10:19am
lol ... long at 4200 ... you using the j'ust because method ' now like those on euro thread use.

One guy was longing from 4390 , will hedge at 4360 he said. I said ok why not just place 30 pip stop...he had all kinds of reaosn why the hedging works.

Now he is 190 pip under water on the original trade , yes his sell has profit but his account balance has not changed.

Mine on the other hand +13 % again on week .,... retirement coming fast

There is a system and then there is understanding how the markets work. I know the later.... the former just losses money. Those traders that make money in this game have a feel for the market, when it becomes unclear to me i stay out. This is why vsa works so well IMHO .. we just do not realize it. It provides us that ' feel ' for what the pros intent is. This is why I can call things before they happens , not every day , but enough times to make some $$$$ . Look at the 95% that fail .. they have a system . The really good traders have a feel.

I saw one hedge fund lost 400 million on the oil tankage. I was thinking wtf I would love to have worked there , got them out of their positions slowly two weeks before oil tankage when I saw major weakness at 110 , this is where I closed my trade in rrsp , sadly did not open a sell in a bear etf,

vsa really works on all times frames ... daily and weekly set ups only come along once every so often , but when there produce LARGE

I keep posting on here all my wonderful trades but have yet to be picked up by one of these hedge funds that losses millions on trades that vsa was very clear they should have been unwinding .. sigh ... i am only dreaming of one day making 25 million a year bonuses ....

Quoting pres78
The best part is that we have come all the way down from 4940 high into 4200ish zone and I don't think I have taken a single trade on EU ...

Have been mainly trading oil over the past while and just watching EU and GU. If a long presents itself in the 4150-4200 zone I will jump on and look to ride it back to 4500 first and then back towards the yearly high. Otherwise I will see if a nice short set-up occurs into this same zone from below.
Blogging daily now at www.volume.zone
  • #19,515
  • May 11, 2011 10:23am May 11, 2011 10:23am
how many on eu thread now buying

1.4200 lets buy .... lol

damn wait for sign of strength, UP move , even if 200 pip , then a test of some sort THEN GET IN.....nice safe low risk trading ....

I have not seen much strength in the charts for days..weekly low is 4150 .... we are not there yet. BET eu hits 4050 this week


OH HOLD ON I BOUGHT 1,4160 ( EVEN THOUGH WE NEVER GOT THERE) AND JUST CLOSED FOR 1,4215 , 2000% ON ACCOUNT FOR DAY .. just for those that are missing the bs on other threads lol
Blogging daily now at www.volume.zone
  • #19,516
  • May 11, 2011 10:34am May 11, 2011 10:34am
Luck!!!...B#llsh@t!!! where can i get one of those stickers???LOL...seriously dude ..that aint luck..thats humility talkin, and obviously you know better than to ever get cocky with the market no matter how good you are!!! wise..very wise of you!!! but it is skill, youve definitely got skill!!! you,ll be a millionaire if your not already...appreciate all your hard work!!! you have truely given me some hope in a hopeless game...after 5 long horrible years its clear to me the direction i need to go and that is some relief...gonna be tough, already know it!!! but i dont mind hard work as long as it leads to something, ya know!!! i watch, very closely , guys like you, pres78, hardpippin to name a few and it continuely AMAZESES me!!!ya'll miss a few..i can see that..but never by much!!! and it usually looks like jsut a mis-timed entry not a total mis-direction!!! congrats on slaying the beast brother..all you guys give us deep water scuba traders a direction and sense of hope!!!..thanks again..ill be be following along..best regards, RB
"scuba trader"...that sh@t is funny!!!!LOL
  • #19,517
  • May 11, 2011 10:35am May 11, 2011 10:35am
Quoting malcolmb14
lol ... long at 4200 ... you using the j'ust because method ' now like those on euro thread use.

One guy was longing from 4390 , will hedge at 4360 he said. I said ok why not just place 30 pip stop...he had all kinds of reaosn why the hedging works.

Now he is 190 pip under water on the original trade , yes his sell has profit but his account balance has not changed.

Mine on the other hand +13 % again on week .,... retirement coming fast

There is a system and then there is understanding how the markets work. I know the later.... the former...
Hi malcolm,

I had brief contact with you over at karthiks thread...

I am really impressed with what you have to share,absolutely brilliant..

My question is where to start with vsa having only access to ibfx mt4 demo..

Could you give me a few things to look at so i can start applying to current market conditions....you say you look at 12hr,8hr,4hr charts etc..
can i get these on mt4(offline charts maybe for 12,8hr)

I understand the subject is vast,hence this monster thread,but while i learn this,just a little roadmap perhaps

Please bear in mind that i only have the demo mt4 mentioned above,basically all my chart would have on it is the better volume indi...

Once again thanks for everything,people like you give the rest of us hope that great things can be achieved with forex....
  • #19,518
  • May 11, 2011 10:35am May 11, 2011 10:35am
Quoting malcolmb14
lol ... long at 4200 ... you using the j'ust because method ' now like those on euro thread use.

One guy was longing from 4390 , will hedge at 4360 he said. I said ok why not just place 30 pip stop...he had all kinds of reaosn why the hedging works.

Now he is 190 pip under water on the original trade , yes his sell has profit but his account balance has not changed.

Mine on the other hand +13 % again on week .,... retirement coming fast

There is a system and then there is understanding how the markets work. I know the later.... the former...
Not sure what I did to piss in your corn flakes but I don't trade on "just because". 4200-4150 is a major zone of interest for me based on past reaction at this zone. I trade mainly intra day triggers but also trade longer TF set-ups when they happen in the right place. 4150-4200 is the right place IMHO for a good long term set-up to happen in whether long or short. We had a major reaction in this zone last month giving 800 pips to the topside so why is it so crazy to expect a possible reaction to happen there again.

You call 4150 as a point of interest and it's a great call, I do the same and I am trading "just because".

Ok then.
Today's zone = Tomorrow's opportunity!
  • #19,519
  • May 11, 2011 10:40am May 11, 2011 10:40am
LOL...pres78...dont feel bad about not taking a trade ...couldve been worse ..you couldve been long!!! i was...LOL.
read your review on the market and it sounds as though you and the boss(malcolm) are in agreeement..really appreciate your postion on this stuff...thanks again, RB
  • #19,520
  • May 11, 2011 10:44am May 11, 2011 10:44am
I was just joking .... I know how you trade. GOOD

I was in the eu thread other day .. it is like a car crash , you cannot help but look, and they were all buying on the 400 pip down day just cause it hit this level or that level .

US vsaers , wait for that up move , then a sign of confirmed strength on a wave 2 reatrce ...

4150 and 4040 areas of interest on weekly charts

Quoting pres78
Not sure what I did to piss in your corn flakes but I don't trade on "just because". 4200-4150 is a major zone of interest for me based on past reaction at this zone. I trade mainly intra day triggers but also trade longer TF set-ups when they happen in the right place. 4150-4200 is the right place IMHO for a good long term set-up to happen in whether long or short. We had a major reaction in this zone last month giving 800 pips to the topside so why is it so crazy to expect a possible reaction to happen there again.

You call 4150 as a point...
Blogging daily now at www.volume.zone
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