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vsa with Malcolm

  • #19,841
  • May 17, 2011 10:51am May 17, 2011 10:51am
any of the pro 's here changing there position on eu short or do you still see SOW....regards, TX
  • #19,842
  • May 17, 2011 10:51am May 17, 2011 10:51am
Quoting USD-Bear
re-entered from 1330, would suggest some fast down moves now

M15:
Attachment
Closed @ 1326, don't like PA for bear, getting cold feet
Don't be a hero. Don't have an ego. Always question yourself
  • #19,843
  • May 17, 2011 11:01am May 17, 2011 11:01am
Quoting Trader_X
any of the pro 's here changing there position on eu short or do you still see SOW....regards, TX
A little stop hunt got you all nervous?
  • #19,844
  • May 17, 2011 11:11am May 17, 2011 11:11am
Quoting enigma4x
so - close my eurusd trade with no loss - I let never turn a winner into a loser ..

enigma4x
I will see any supply ?

come one bear - where are you?

I will see you ...

no description - I´m shure u understand this long

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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,845
  • May 17, 2011 11:12am May 17, 2011 11:12am
ut on 15m eu ?
  • #19,846
  • May 17, 2011 11:13am May 17, 2011 11:13am
Quoting enigma4x
I will see any supply ?

come one bear - where are you?

I will see you ...

no description - I´m shure u understand this long

Attachment

enigma4x
I think the dance is over ( 5 wave ) -- Watch for weakness ..
  • #19,847
  • May 17, 2011 11:17am May 17, 2011 11:17am
Quoting taomql4
I think the dance is over ( 5 wave ) -- Watch for weakness ..
yesssss the show is over - take half from the table - now it is a free trade ...

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anybody long in usdjpy ??? so see ya - switch my pc off

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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,848
  • May 17, 2011 11:17am May 17, 2011 11:17am
eu should have dropped on es drop but it did not ...

4 hour is looking more like accumulation. I would not be surprised to see 1.44 tomorrow.

but to be honest I cannot see clearly , so staying out eu for now

Quoting Trader_X
any of the pro 's here changing there position on eu short or do you still see SOW....regards, TX
Blogging daily now at www.volume.zone
  • #19,849
  • May 17, 2011 11:21am May 17, 2011 11:21am
Quoting pres78
Drunken trading... not sure if Steve has ever fully recovered.
It was Malc's driving that was the problem, not the drinking!!!

Besides, I've been practicing since...
Blogging daily now at www.volume.zone
  • #19,850
  • May 17, 2011 11:22am May 17, 2011 11:22am
Quoting malcolmb14
eu should have dropped on es drop but it did not ...

4 hour is looking more like accumulation. I would not be surprised to see 1.44 tomorrow.

but to be honest I cannot see clearly , so staying out eu for now

yess - I watch H4 and try to take my entrys at M15. Master sonic advice ...

but it is possible we see more lows - how knows that - let the market decide ... bad timing for me master malcolmb14

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,851
  • May 17, 2011 11:29am May 17, 2011 11:29am
Quoting malcolmb14
eu should have dropped on es drop but it did not ...

4 hour is looking more like accumulation. I would not be surprised to see 1.44 tomorrow.

but to be honest I cannot see clearly , so staying out eu for now
Yes EU is not overly clear to me either. Earlier today it was looking like major weakness coming in for a big drop but with a strong close towards the high today and the whole picture changes quite a bit...
Today's zone = Tomorrow's opportunity!
  • #19,852
  • May 17, 2011 11:31am May 17, 2011 11:31am
LOL...YES, its got me nervious....question , should i dump my eu short if i get a good chance?..regards, TX
  • #19,853
  • May 17, 2011 11:33am May 17, 2011 11:33am
Quoting Trader_X
LOL...YES, its got me nervious....question , should i dump my eu short if i get a good chance?..regards, TX
EU short? Where are you short from? If you got in around 4200ish per Malc's call you should have cut out long before now.
Today's zone = Tomorrow's opportunity!
  • #19,854
  • Edited 11:55am May 17, 2011 11:39am | Edited 11:55am
thanks pres ...im out!!! regards, TX hey pres where would my stop have been placed?
ok ..thanks malcolm
  • #19,855
  • May 17, 2011 11:44am May 17, 2011 11:44am
Quoting malcolmb14
eu should have dropped on es drop but it did not ...

4 hour is looking more like accumulation. I would not be surprised to see 1.44 tomorrow.

but to be honest I cannot see clearly , so staying out eu for now
4 hour yes and on a 15 min time frame its clearly evident. The news is non stop eur bearish right now so a fresh clean out of weak shorts could be in play during the next 24 hours.
  • #19,856
  • May 17, 2011 11:44am May 17, 2011 11:44am
Quoting malcolmb14
tons supply overhead

30 min shows this well... sell all rallies into 4200 , target 4050 unless something changes in the charts

I would prefer to sell under 4150 on a no demand as I am not in the trade yet
Attachment
do you think the supply has been diminished? volume's not quite high as before.
  • #19,857
  • May 17, 2011 11:55am May 17, 2011 11:55am
up-day with a higher than usual volume; but without a higher high yet. i have a hunch it will go higher than yesterday, most likely to 4280/4309 area... and drop from there.
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Nihil Sine Deo.
  • #19,858
  • May 17, 2011 12:03pm May 17, 2011 12:03pm
Quoting Trader_X
LOL...YES, its got me nervious....question , should i dump my eu short if i get a good chance?..regards, TX
There was clear buying down at the low 1.41's, but I see it more as support to prevent a premature fall. Check the H1 TL and how well it's held - we may be in a breakout, or maybe not. The lows buying is OK IMHO, but not spectacular, and the supply/sellers at the top are quite persistent.

We're wedged in here and potentially broken out, but it could be (another) fakey; a test down to 1.418ish and IMO POC 1.416 and open of 4154 is still highly likely. Plus, that M15 20 pip wicker is often a sign, although not guaranteed. Given the time of day, I expect that bar and run-up to be looked at with suspicion by Asia and at least Frankfurt. 1.425 should still offer resistance.

To me, the 1.4046 low represents unfinished business; if there are buyers they are just a smidge below 1.4 and I think will need to be picked up. Problem is, we are at 3pm NY afternoon, and volume reads and movement is little and largely irrelevant. DX has had a good run for days now, and no doubt helped the EU cause ... if it reverses - and that possibility is there - everything could change. If the daily closes around here and above 1.42, things seem a little suspect to me, but a 50 pip dip down/test would be quite normal.

I closely follow ES and other indexes, and they looked like they were going to leg down further, but the catalyst does not seem to be there yet - they are indeed controlling them. When the news happens, everything will dump down IMO, including commodities. Not sure what that will be ... the Orwellian Eurozone club was meeting today, and is basically talking Greek default - but much like their encyclopedia of other lies, it's not being called a default - question now is, how will big traders react, but more importantly what are the impacts and to which banks. (plus, the DX & commodity factors I mentioned) A brief FT.com article on that here. In case you're looking for a decent summary of where commodities are at, give Marco at the LFB 8 minutes of your time.
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  • #19,859
  • May 17, 2011 12:49pm May 17, 2011 12:49pm
Definitely a sidelines day with the eu, and this move is also very suspect. I'd expect a pullback into this little range, but I'm admittedly pretty clueless right now.
  • #19,860
  • May 17, 2011 2:10pm May 17, 2011 2:10pm
those are my targets on eu ....next 24 hours .
Blogging daily now at www.volume.zone
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