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vsa with Malcolm

  • #19,561
  • May 11, 2011 9:47pm May 11, 2011 9:47pm
hey thanks man for the review of my post...really helps..regards, RB
  • #19,562
  • May 12, 2011 12:38am May 12, 2011 12:38am
hello Malcom sir

can u pls tell me how much still euro will go down???


Thanks for your time
  • #19,563
  • May 12, 2011 12:58am May 12, 2011 12:58am
I only react to markets not guess them .. sorry

Quoting AcidH4X
hello Malcom sir

can u pls tell me how much still euro will go down???


Thanks for your time
Blogging daily now at www.volume.zone
  • #19,564
  • May 12, 2011 1:00am May 12, 2011 1:00am
Quoting malcolmb14
I only react to markets not guess them .. sorry
ok...Thanks sir.
  • #19,565
  • May 12, 2011 1:08am May 12, 2011 1:08am
weekly an daily suggest es rolls over so if us market comes off eu could see 3500 .....maybe lower. That is only if us stock market drops... and assuming correlation

Quoting AcidH4X
ok...Thanks sir.
Blogging daily now at www.volume.zone
  • #19,566
  • May 12, 2011 1:12am May 12, 2011 1:12am
Mal,

Still remember the lil prediction..
I predicted the down bar and u think of possible green..

Still have 2 more day to see.

Sonic
  • #19,567
  • May 12, 2011 1:41am May 12, 2011 1:41am
Quoting malcolmb14
i always look and consider as many time frames as possible ... here is the 2 hour . I think this will clearly show you why I was still bearish . supply hit the market heavy and this bar did not close above 1.3380
Attachment

But why do you consider 1.3380?
  • #19,568
  • Edited 2:16am May 12, 2011 1:51am | Edited 2:16am
Quoting Robbin Banks
ok thanks...i understand!!!..basically your telling me is the es /eu thing is like a confirmation ...the 2 out of sync , on a larger tf, combined with more definate vsa signals agreeing with a direction would be a strong analogy..is that correct?..es/eu is more of an overall guid kinda thing..regards, RB
There's been no shortage of good answers to this ES/EU thing that has come up, but one thing I don't think I've seen mentioned is the risk-off notion, which is what often drives both of these down. That's a reference to investors not having any risk appetite for equities, or for risk/debt-prone pairs like the euro, so they both happen to go down. They happen to correlate at times like this (although they do not have to) because of this risk aversion notion where the problems related to each of the sectors is highlighted and spotlight-ed.

Traditionally risk aversion has meant a flight to the US dollar, so the levers at work are money flows out of the stock market (because of the risks), out of the euro (because of the debt et all) thus giving strength to the traditional dollar role - how long and how far that will be the case remains to be seen, given the major USD declines we're seeing - but that see-saw is the markets in general.

Think of the correlations we're discussing here as another form of a trend filter; don't ever try to trade the EU down because the S&P is heading down - while it might work, it is a grossly improper way to trade a chart, and as SonofSin said, a possible way to blow accounts. (I had posted a chart that shows the S&P and EU that can be viewed here. - click a multi-day view on the chart, if the S&P is not in session)

The correlations that are being discussed are part of the fundamentals and complicated levers that drive all the markets, including commodities and more. Understanding them can be a good thing, but it is way beyond VSA and not necessary. Getting to know them can be done through daily commentaries like those provided by the LFB here, or by reading books like Ashraf's Laidi's Currency Trading and Intermarket Analysis. LFB intermittently posts videos of the day's mechanics, like the ones here. Like I said - little of it is necessary to trade profitably, but it's nice to know the ongoings.
  • #19,569
  • May 12, 2011 2:57am May 12, 2011 2:57am
ND on EURUSD M5
  • #19,570
  • May 12, 2011 3:50am May 12, 2011 3:50am
Quoting dvarrin
ND on EURUSD M5
I took profit at 1.4188
  • #19,571
  • May 12, 2011 3:57am May 12, 2011 3:57am
Quoting dvarrin
I took profit at 1.4188
Now long after a test on EURUSD M5 with target 1.4225
  • #19,572
  • May 12, 2011 4:02am May 12, 2011 4:02am
Quoting dvarrin
Now long after a test on EURUSD M5 with target 1.4225
Stopped out and now short

-18 pips
  • #19,573
  • May 12, 2011 4:15am May 12, 2011 4:15am
Accumulation it will go up !!!
  • #19,574
  • May 12, 2011 4:42am May 12, 2011 4:42am
Quoting dvarrin
Stopped out and now short

-18 pips
Could not avoid losing another 60 pips in this trading range. ND, Test, ND, ND. Didn't know where to go :-((
  • #19,575
  • May 12, 2011 4:51am May 12, 2011 4:51am
Quoting dvarrin
Could not avoid losing another 60 pips in this trading range. ND, Test, ND, ND. Didn't know where to go :-((
please don't use 5m charts....it will just do your head in...15 min will keep you a little more sane...no signs of strength so far
Catching a falling knife, no, I'm just trading the Gartley!
  • #19,576
  • May 12, 2011 5:22am May 12, 2011 5:22am
i lose my trader today i waiting for a up move low vol.
  • #19,577
  • May 12, 2011 5:52am May 12, 2011 5:52am
EU-H1

Starts to look like opposite EORM, is it EOFM?
  • #19,578
  • May 12, 2011 6:01am May 12, 2011 6:01am
Quoting juhanimi
EU-H1

Starts to look like opposite EORM, is it EOFM?
Maybe not, closed as up bar, but M30 looks good.
  • #19,579
  • May 12, 2011 6:41am May 12, 2011 6:41am
Quoting pres78
Not a pro and also not trading GU recently (been focused on oil)... what I see just looking at the daily chart is a very bearish candle today (waiting for the close) with a massive selling tail on the top. Increased volume over yesterday leads me to beleive that we are heading lower this week. I would be interested to see a weak move up into 6350-6360 and a drop from there. This is the highest volume daily close trigger I have on my chart and is right in the middle of the last 4 days worth of POC's which are stacked for the last 6 days in a bearish...
Well I hope someone got into this GU short (I didn't)... played out nicely weak move up into 3680 (ok so I was a little low ) and then dropped. 15min didn't give much but 5min gave a few nice entries.
Today's zone = Tomorrow's opportunity!
  • #19,580
  • May 12, 2011 7:05am May 12, 2011 7:05am
1.4380 not 1.3380

Quoting dvarrin
But why do you consider 1.3380?
Blogging daily now at www.volume.zone
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