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vsa with Malcolm

  • #21,221
  • Jun 26, 2011 11:49am Jun 26, 2011 11:49am
Reaching historic monthly support level. This could very well result in a bounce. Waiting on hourly for a continuation pullback or potential signs of reversal.
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  • #21,222
  • Jun 27, 2011 3:00pm Jun 27, 2011 3:00pm
Quoting Beljevina
... and saw EU had shot up 100 pips! (Not to mention the injustice committed to ES!) It was of course "Greece was solved, committed, blah blah", and pin bar aside and seeming upthrust, and the beast closed upwards as 5pm NY time came along. ...

I am expecting 1.42 to be tested again, and potentially exit all shorts, given the daily has printed with strength and seeming volume absorption of sellers. (not completely sure of this level though) SM doesn't like to dip down too far, precisely so that any remaining shorts cannot get out, but a 1.419-1.421...
Beljevina..I have been here before..market going up..locked in to a short way down below. Hoping for a reprieve.. Not for quite a while, my friend.

This market seems to be very bullish at the moment IMHO. There have been 2x effort to go up areas, close to each other. The market is in a hurry to go up, they seldom come back to the level you are talking about while in this phase. Look to the back ground..previous high volume stopping area, now a lower volume stopping volume accumulation area. ie..ripe for a bullish phase..Market is resting...looking for a shake out tomorrow..lets see..
  • #21,223
  • Jun 27, 2011 3:22pm Jun 27, 2011 3:22pm
Quoting FrankSA
Beljevina..I have been here before..market going up..locked in to a short way down below. Hoping for a reprieve.. Not for quite a while, my friend.

This market seems to be very bullish at the moment IMHO. There have been 2x effort to go up areas, close to each other. The market is in a hurry to go up, they seldom come back to the level you are talking about while in this phase. Look to the back ground..previous high volume stopping area, now a lower volume stopping volume accumulation area. ie..ripe for a bullish phase..Market is resting...looking...
Um, I'm not locked into any shorts. That chart and post is from last Thursday. Where I expected 1.42 to be tested, we got down to 1.412, 1.41 (twice) and I am out of all shorts, including the ones from 1.44 which paid in the hundreds of pips.

Market sentiment was quite different last week (negative) and we are back into optimism/solutions available mode as of today. I do agree momentum and strength is to the upside. That strength was quite well demonstrated in pushing through supply this NY morning. But we're still in fundamental waters, and I expect some big swings in the next 48hrs based on rumours and/or EU/Greece/ratings news.

I don't practice 'hoping for a reprieve': it's a terrible business and trading plan.
  • #21,224
  • Jun 27, 2011 6:00pm Jun 27, 2011 6:00pm
Quoting Beljevina
Um, I'm not locked into any shorts. That chart and post is from last Thursday. Where I expected 1.42 to be tested, we got down to 1.412, 1.41 (twice) and I am out of all shorts, including the ones from 1.44 which paid in the hundreds of pips.

Market sentiment was quite different last week (negative) and we are back into optimism/solutions available mode as of today. I do agree momentum and strength is to the upside. That strength was quite well demonstrated in pushing through supply this NY morning. But we're still in fundamental waters, and...
Agreed and to add...
China supporting Eur = a 1.45 break imminent.
  • #21,225
  • Jun 28, 2011 1:03am Jun 28, 2011 1:03am
Beljevina, I know you are far too experienced to get caught out like that.. I like the idea of volatility on the rumors
  • #21,226
  • Jun 28, 2011 8:41am Jun 28, 2011 8:41am
there is a set up
1.buying climax
2.end of rise
3.wait a no demand bar
I will sell wait for a NO DEMAND
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  • #21,227
  • Jun 28, 2011 9:51am Jun 28, 2011 9:51am
Quoting boyce
there is a set up
1.buying climax
2.end of rise
3.wait a no demand bar
I will sell wait for a NO DEMAND
Nice analisys indeed
Greetings, BeLikewater
  • #21,228
  • Jun 28, 2011 3:09pm Jun 28, 2011 3:09pm
EU 5 min..today was the equivalent of the traders "bad hair" day for me.
I can't believe how I fumbled my entries. Traded 120 pips gross, and stopped out 110 pips. Got in on all the good runs...stopped out too many times setting up..Comments please...need to adjust my stop entries.
  • #21,229
  • Jun 28, 2011 7:19pm Jun 28, 2011 7:19pm
Quoting boyce
there is a set up
1.buying climax
2.end of rise
3.wait a no demand bar
I will sell wait for a NO DEMAND
My platform is showing 1,4367 for today's Vpoc. Can anyone confirm that?

P.S. Still rusty, but hoping to make small and relevant contributions on this forum as I continue to grasp the VSA Way.
  • #21,230
  • Jun 29, 2011 12:45am Jun 29, 2011 12:45am
took a long on eu on the ns bar. there was some weakness on the high volume up bar, however the high volume was expected because price just cleared a resistance area. what is important to note is that the supply did not have a negative impact. The market just drifted for some time, and was tested right after. also note the absorption happening on the 2 bars before the bar labeled ns
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  • #21,231
  • Jun 29, 2011 2:04am Jun 29, 2011 2:04am
EU have set up each day with vsa？how many?
  • #21,232
  • Jun 29, 2011 3:30am Jun 29, 2011 3:30am
Quoting boyce
EU have set up each day with vsa？how many?
i am trading M15 and above, my setup occurs only on average once a week or once in 2 weeks, still working on it to find out if there are other possible high chance entries...
  • #21,233
  • Edited 7:19am Jun 29, 2011 4:24am | Edited 7:19am
Hi Guys,

I have just taken trade on GU. I would like to know your opinion (especially experienced trades ) about my simple analysis. I wonder if you see cable strenght building up lately as well.

I was hesitating before I took this trade. I thought that it would be safer to wait when price breaks up through 1.6040 (two previous highs) but when I saw beautiful test into previous day trigger on 30 min chart I have decided to play long earlier. Do you think it was good place to play long?

Thanks,
Baniu

EDIT: I have managed to get out of the position with small profit. From technical point of view it was better to wait for price to go through
1.6040 and test this level. A lot of sellers were sitting there. Shame on me that I forgot about voting in Greece
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #21,234
  • Edited 8:53am Jun 29, 2011 4:49am | Edited 8:53am
Could anyone please post the indicators or the template for MT4 ? Thanks
  • #21,235
  • Jun 29, 2011 5:52am Jun 29, 2011 5:52am
what criteria do you look for?
Quoting Mtm
i am trading M15 and above, my setup occurs only on average once a week or once in 2 weeks, still working on it to find out if there are other possible high chance entries...
  • #21,236
  • Jun 29, 2011 6:48am Jun 29, 2011 6:48am
Quoting boyce
EU have set up each day with vsa？how many?
0 - 5
  • #21,237
  • Jun 29, 2011 8:07am Jun 29, 2011 8:07am
Quoting apple_sauce
took a long on eu on the ns bar.... also note the absorption happening on the 2 bars before the bar labeled ns
Hi apple, nice trade ! I was also looking for a buy entry buy had to go to bed ,so missed it...

I wanted to ask where did you but the buy order (at the high of this bar ? )
And also, what do you think about the bar after the ns ?? a very small up bar with even lower volume ?
  • #21,238
  • Jun 29, 2011 10:56am Jun 29, 2011 10:56am
Quoting roreki
Could anyone please post the indicators or the template for MT4 ? Thanks
Any help guyz ?
  • #21,239
  • Jun 29, 2011 12:42pm Jun 29, 2011 12:42pm
Quoting roreki
Could anyone please post the indicators or the template for MT4 ? Thanks
It pains me to say this, but this thread is dying. However, that is not why you have not gotten any responses. I do not believe there are any templates out there. All you need is volume and candles or bars. Both of which are standard in MT4.

Many here are using one version of Better Volume or another and some are using an EA that creates HLC bars. Both can be found by reading the thread or using the search function.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,240
  • Jun 29, 2011 12:58pm Jun 29, 2011 12:58pm
Quoting HiddenGap
It pains me to say this, but this thread is dying.
What do you think is the reason for this?
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