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vsa with Malcolm

  • #24,041
  • Apr 25, 2013 3:38am Apr 25, 2013 3:38am
Sorry but I have to post it! Firs time in my life!! 96 pips in 10 secs! :-) yes, in cable.

Here is the 15 min chart:

Attached Image (click to enlarge)
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I think it makes sense because cable is bullish, mid to long term, as per COT data. Well, even if it was only luck, it is welcome! :-)
  • #24,042
  • Apr 25, 2013 3:49am Apr 25, 2013 3:49am
Quoting Connected
Haha! I did'nt try his book but thought his Price Action course was good! and Sam Seidens price action course too {quote}
Al Brooks has a course in PA? how much is it? Was worth to take?

By the way, Sebastian Manby's works are really very nice to study. Nice, we went to the same path! :-)
  • #24,043
  • Apr 25, 2013 6:27am Apr 25, 2013 6:27am
a bit longer term view for cable.
This is a weekly chart:

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Remember that COT data is showing a very bullish picture for sterling.
If euro really dumps, we can see a capital flow from euros to sterling, fueling this up move.
Also, with Japanese funds and investors finally showing appetite for foreign bonds, will interesting to see where they will park their money.

Let's see!
  • #24,044
  • Apr 25, 2013 8:32am Apr 25, 2013 8:32am
very nice, congrats! love days like these!

Quoting joaoborras
Sorry but I have to post it! Firs time in my life!! 96 pips in 10 secs! :-) yes, in cable. Here is the 15 min chart: {image} I think it makes sense because cable is bullish, mid to long term, as per COT data. Well, even if it was only luck, it is welcome! :-)
Tracking the Specialists.
  • #24,045
  • Apr 25, 2013 8:36am Apr 25, 2013 8:36am
Al Brooks Price Action course, yes it is good and worthwhile. You can find it 'online', if you know what I mean

Quoting joaoborras
{quote} Al Brooks has a course in PA? how much is it? Was worth to take? By the way, Sebastian Manby's works are really very nice to study. Nice, we went to the same path! :-)
Tracking the Specialists.
  • #24,046
  • Apr 25, 2013 10:04am Apr 25, 2013 10:04am
Quoting Connected
Al Brooks Price Action course, yes it is good and worthwhile. You can find it 'online', if you know what I mean {quote}
Got it! :-)
  • #24,047
  • Apr 25, 2013 10:14am Apr 25, 2013 10:14am
Quoting Alireza FX
i m still believe on bearish market in EU but i don t know what to do with the breaking resistance {image} {image}
Alireza, price fell hard from that 2 bars. It was, really, weakness there!
So this up move could be a bit of up thrust before continues lower.
  • #24,048
  • Apr 26, 2013 3:28am Apr 26, 2013 3:28am
Quoting Connected
Al Brooks Price Action course, yes it is good and worthwhile. You can find it 'online', if you know what I mean {quote}
Hi Connected,

What platform do you trade with with regards to volume?
  • #24,049
  • Apr 26, 2013 4:16am Apr 26, 2013 4:16am
Quoting joaoborras
{quote} Alireza, price fell hard from that 2 bars. It was, really, weakness there! So this up move could be a bit of up thrust before continues lower.
that seems about right my friend
  • #24,050
  • Apr 26, 2013 6:31pm Apr 26, 2013 6:31pm
Is malcolm still about or under another name?
Find your Favourite Pattern
  • #24,051
  • Apr 28, 2013 5:46am Apr 28, 2013 5:46am
Quoting joaoborras
{quote} Yes, that's true. But, in the short term, a case can be done for accumulation, as we see buying pressure any time the price falls. Here is a 1hr chart. It is compressed but all marked bars are down bars. {image} But, for the short side case, I always remember the COT charts and for the euro, it is still bearish(for sterling, it is still very bullish). Therefore, selling rallies would make more sense. Supply area is where Alireza pointed out. Let's see how price behaves when back up there(if she goes there...). Cheers!

Seems like you got this one!

Every time we approach 3020, we find big volume. Maybe we are building a case towards 3350.
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  • #24,052
  • Apr 28, 2013 11:06pm Apr 28, 2013 11:06pm
Its interesting to watch how the different sessions react to each other. Quick chart of AU, I was just going through a few different pairs and this peaked my curiosity.

Looking at Fridays US session, I would have thought US sold, but today Asia apparently saw something that I did not. Asia bought with a couple of 2 bars in red, and then tested the market twice in blue.

Kind of got away from myself the past week and paid the price for it, needing to go back to waiting for massive volume and Asia shows the same picture as US.

Anyone else see strength in the US session that I am not seeing??
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  • #24,053
  • Apr 29, 2013 1:27am Apr 29, 2013 1:27am
I like AJ today, US and Asia agreed with each other.
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  • #24,054
  • Apr 29, 2013 1:33am Apr 29, 2013 1:33am
Euro still showing strength....
Here is a 15min chart:

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But we have to break this resistance area on the 1hr chart.

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If she breaks out there, 1.3250 and 3300 become possible, as SD said.

And right now, eurusd is testing the Asian range's high.


Obs: I changed the chart's colors because it is better to my eyes(I am becoming old and white background does hurt my eyes, really).
  • #24,055
  • Apr 29, 2013 1:45am Apr 29, 2013 1:45am
Quoting SimpleDev
Its interesting to watch how the different sessions react to each other. Quick chart of AU, I was just going through a few different pairs and this peaked my curiosity. Looking at Fridays US session, I would have thought US sold, but today Asia apparently saw something that I did not. Asia bought with a couple of 2 bars in red, and then tested the market twice in blue. Kind of got away from myself the past week and paid the price for it, needing to go back to waiting for massive volume and Asia shows the same picture as US. Anyone else see strength...
Here is my view on this one(15min chart):

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Bar 1 is a HV up bar(SOW). The subsequent price action does not violate the lows, and is also with HV(bar 2), showing buying is coming in.
Bar 3 is today's Asia. HV(relatively speaking) on a down bar, showing buying pressure.
Bar 4 could be seeing as absorption(if you look left, there is a supply area there).
Bar 5 is a test and 6 indicates the supply area the price is trying to go through right now(and it seems she will break it...).

What do you think?
  • #24,056
  • Apr 29, 2013 1:48am Apr 29, 2013 1:48am
Quoting joaoborras
Euro still showing strength.... Here is a 15min chart
Stick with what you see, but that 15m doesn't sit right with me.

The high volume just seems out of place, but I will say that it does look like Asia bought with the 2 bar in red.
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  • #24,057
  • Apr 29, 2013 1:53am Apr 29, 2013 1:53am
Quoting joaoborras
{quote} Here is my view on this one(15min chart): {image} Bar 1 is a HV up bar(SOW). The subsequent price action does not violate the lows, and is also with HV(bar 2), showing buying is coming in. Bar 3 is today's Asia. HV(relatively speaking) on a down bar, showing buying pressure. Bar 4 could be seeing as absorption(if you look left, there is a supply area there). Bar 5 is a test and 6 indicates the supply area the price is trying to go through right now(and it seems she will break it...). What do you think?
The volume you have for you bar 2 pops out more than mine does, which is probably what Asia saw when they decided to buy today. Right now AU is trying to push through a pivot, doesn't look like any serious weakness just profit taking.

Excellent thanks for the comments.
  • #24,058
  • Apr 29, 2013 1:57am Apr 29, 2013 1:57am
Quoting SimpleDev
{quote} Stick with what you see, but that 15m doesn't sit right with me. The high volume just seems out of place, but I will say that it does look like Asia bought with the 2 bar in red. {image}
I do agree with that HV bar. I also was thinking the best way to interpret it. Here I try to make a case for an absorption process that took place.

Attached Image (click to enlarge)
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Let's see what happens.
  • #24,059
  • Apr 29, 2013 2:50am Apr 29, 2013 2:50am
Brief comment.

Euro and aussie responded very well to the VSA signals. It is really an amazing tool.
Now I have to learn how to profit well from it! :-)

Notice that eurusd move more than 90 pips from the SO of last week. Interesting, indeed.
  • #24,060
  • Apr 29, 2013 3:07am Apr 29, 2013 3:07am
Quoting joaoborras
Brief comment. Euro and aussie responded very well to the VSA signals. It is really an amazing tool. Now I have to learn how to profit well from it! :-) Notice that eurusd move more than 90 pips from the SO of last week. Interesting, indeed.
Yup, you did well seeing the situation with EU, I think the entries are the most difficult. Often it seems as if its easier to pick the bottom than to find entries after the waiting for the trend to change. But HG yells at me when I try to pick the tops/bottoms

Side note.. thought this is interesting!

http://finance.yahoo.com/blogs/daily...5965.html?vp=1
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