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vsa with Malcolm

  • #20,421
  • May 26, 2011 1:16am May 26, 2011 1:16am
Quoting frankkn
Lets get back to trading VSA

This is EU 15m. The lines are on the HLC of the highest volume bar, call it trigger call it demand it doesn't matter. What matters is the last time price traded here, the professional side of the market was active and they were bullish.

Tokyo is in two hours, maybe we will see a bullish reaction here.
Great.
  • #20,422
  • May 26, 2011 1:17am May 26, 2011 1:17am
quite confident on this one, thanks to MP confirmed with test, put some contracts to went long @1.416
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  • #20,423
  • May 26, 2011 1:17am May 26, 2011 1:17am
Quoting sony
I would like to long it from 1.4117

But at the momenth maybe small scalp short from 1.4190...Prevous high volume areas


We will see
I don't understand what to wait for in that case. It breaks through an old resistance, but it is also reaching the top of the channel, meaning that it is overbought. What should we expect in that case?
  • #20,424
  • May 26, 2011 3:28am May 26, 2011 3:28am
Quoting sony
Check those 2, Les

Bye
I have checked, but still unsure which bars have you considered to be the triggers................... http://www.forexfactory.com/images/icons/icon13.gifhttp://www.forexfactory.com/images/icons/icon9.gif
  • #20,425
  • May 26, 2011 3:53am May 26, 2011 3:53am
Hi guys,

I see potential weakness on eu 30, we have nice climatic action here plus
we are in the important area ranging from 1.4150 to 1.4180. Yellow rectangles
show two areas from the past few days were very high vol appeared. I took
trigger lines from those areas.

I am rather bearish right now. I want to see dive under 1.4150 and then test of that level. Definietly PA after GDP release will give direction.

What do you think?

Many pips to you
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #20,426
  • May 26, 2011 4:02am May 26, 2011 4:02am
Quoting mrscooting
Everybody is leaving...this thread is dead....
who is 'everybody'? are u leaving too?

assuming your real total posts since FF's inception is really only 18, then i'd say u are only here to accumulate rather than distribute...
why not post more yourself before u complain about others leaving/reducing postings?

if everybody would post then FF would be more lively/interactive. unfortunately only a select few (of the total FF population) post.
like several FF threads, this will thrive so long as enough people continue to learn.

Quoting mrscooting
Think about it...remember when a girlfriend says she wants to take a "break"...
well it's proobably your fault if that happens.
u dont give enough time.
a 'relationship' is a two-way street -- give & take.
u cant just take & take & take & squeeze your GF dry & expect she stays with ya.

Quoting Sonofsin5
I'm taking a coffee break, does that count?
i've been on chocolate break for some time now
  • #20,427
  • May 26, 2011 4:21am May 26, 2011 4:21am
Quoting Baniu
Hi guys,
I see potential weakness on eu 30, we have nice climatic action....
I am rather bearish right now. I want to see dive under 1.4150 and then test of that level.
...
hello Baniu,
the potential weakness isnt playing out well, so far. (drop only reached 1.4150 area so far)
im looking for low selling pressure around 1.4120 - 1.4150 area.
IMHO, M30 - H4 recent background is more about strength. (see the dive below 1.40... May12 onwards).

my concern is if the strength that i saw already played its part. (remember we were at 1.40xx area yesterday, 2 hours ago we almost hit 1.42). i mentioned to some yesterday that i expect 1.42 - 1.43 but didnt expect it to start moving while i was asleep (a few hours ago)!

just my view
  • #20,428
  • May 26, 2011 5:13am May 26, 2011 5:13am
Quoting s7c
First I think we need to establish what defines a trend a few bars, a channel formed by multiple bars? Because if you are referring to the first alternative you're right if you take in consideration 1 day, but the 1h chart is in a downtrend channel from the beginning of this month or if you think is more accurate from the end of last week at least that's the way I see it. So if I'm looking to trade in armony with the higher time frames means I try to pick the top/bottoms? Don't you think that is more probably if you're trading and using the trends...
What i was trying to get at is your trading a 15 min chart, the 1 hr has been in an uptrend for the last 18 bars more or less, I know its in a down trend if you zoom out, but we are trading a 15 min chart here, what are the chances of it changing direction right now when for the last 18 hrs its been travelling north?
  • #20,429
  • May 26, 2011 5:26am May 26, 2011 5:26am
Quoting dvarrin
I don't understand what to wait for in that case. It breaks through an old resistance, but it is also reaching the top of the channel, meaning that it is overbought. What should we expect in that case?

Dvarrin, this might help.
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  • #20,430
  • May 26, 2011 5:53am May 26, 2011 5:53am
Quoting NaughtyPip
Dvarrin, this might help.
Ty NaughtyPip! :-)
  • #20,431
  • May 26, 2011 5:58am May 26, 2011 5:58am
An other question.

Let's say we are in a down trend and we see some selling climax. From here one we would look to enter long.

But if the trend is not reversing, what should happen before we can enter short again? Do we avoid shorts until there is a new low or something like that?
  • #20,432
  • May 26, 2011 6:00am May 26, 2011 6:00am
Quoting dvarrin
I don't understand what to wait for in that case. It breaks through an old resistance, but it is also reaching the top of the channel, meaning that it is overbought. What should we expect in that case?
reaching the top of a channel doesnt necessarily mean price is 'overbought'

if that were always the case, price will always fall or we wont see new highs.. when price is at a channel top or a resistance (reverse, for a channel bottom or support).

Quoting dvarrin
...
Let's say we are in a down trend and we see some selling climax. From here one we would look to enter long.
But if the trend is not reversing, what should happen before we can enter short again? Do we avoid shorts until there is a new low or something like that?
IMHO, if u see a real selling climax, sooner or later, u will see selling pressure decrease & buying pressure slowly creep in.
if the 'trend is not reversing', then probably what u saw was not a true sell.climax. or u have an extraordinary circumstance that maintained the trend.
  • #20,433
  • May 26, 2011 6:23am May 26, 2011 6:23am
guyz,

do you think VSA really works in this BIG forex market? i think one can't see the entire volumes in forex market. kindly reply.
  • #20,434
  • May 26, 2011 6:39am May 26, 2011 6:39am
no need to look for short after SC
  • #20,435
  • May 26, 2011 6:50am May 26, 2011 6:50am
Quoting Forex GuyZ
guyz,

do you think VSA really works in this BIG forex market? i think one can't see the entire volumes in forex market. kindly reply.
Check this
Inserted Video
  • #20,436
  • May 26, 2011 6:52am May 26, 2011 6:52am
Quoting Forex GuyZ
guyz,

do you think VSA really works in this BIG forex market? i think one can't see the entire volumes in forex market. kindly reply.
Nah. VSA is rubbish.
  • #20,437
  • May 26, 2011 7:07am May 26, 2011 7:07am
Quoting kamise
no need to look for short after SC
no need to look for short after me?
  • #20,438
  • May 26, 2011 7:18am May 26, 2011 7:18am
EU Daily

Some levels.
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  • #20,439
  • May 26, 2011 7:21am May 26, 2011 7:21am
[quote=supremeChaos;4645734]hello Baniu,
the potential weakness isnt playing out well, so far. (drop only reached 1.4150 area so far)
.../quote]

Hello supremeChaos,

Thank you for answering. That is true, weakness is not playing out well so far. Eu bounced back from around 1.4150 and now is moving sideways, between HVA and LVA.

If EU breakouts to the upside through recent channel (1.4150-95) easily during this session and moves up, that will mean it is really strong (corrective move will be really shallow). In 15 minutes we have GDP, for sure smart money will use it to load or unload, so everything will be clear after that.

Cheers,
Chris
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #20,440
  • May 26, 2011 7:37am May 26, 2011 7:37am
Here's the one hour supply on EU I've been watching. Possible weakness showing up as we approach. I'd like to see a nice push into that area on UHV maybe on the 15m next.
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