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vsa with Malcolm

  • #24,121
  • May 7, 2013 12:01am May 7, 2013 12:01am
Wow, thanks for the heads up. I did not even notice that. The 30mins chart is much more cleaner and easier to see.

And I'm bad at exiting It's not a winning trade if I don't close with positive pips ;(

Volume is steadily increasing.. either SM are jumping onto longs, or area of interest has appeared for the SM to push it down. BE +2. Lets see where this goes.

Quoting SimpleDev
{quote} Nice catch! 30m chart, the area you showed us tested the close of the highest volume bar from Friday. EJ does look bullish. Pivot at 129.50 and weekly fib at 129.60, these would be some good areas to look for tests. {image}
Attached Image (click to enlarge)
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Yes, I do enjoy eating bananas. Very much.
  • #24,122
  • May 7, 2013 12:19am May 7, 2013 12:19am
Quoting ieatbanana
Wow, thanks for the heads up. I did not even notice that. The 30mins chart is much more cleaner and easier to see. And I'm bad at exiting It's not a winning trade if I don't close with positive pips ;( Volume is steadily increasing.. either SM are jumping onto longs, or area of interest has appeared for the SM to push it down. BE +2. Lets see where this goes. {quote} {image}
Congrats on your EJ call! Seems to be going your way!
  • #24,123
  • May 7, 2013 12:21am May 7, 2013 12:21am
Cable showing wishes to go up.

15min chart:

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-07_cable_SOS.png Size: 91 KB
  • #24,124
  • May 7, 2013 12:44am May 7, 2013 12:44am
Quoting joaoborras
{quote} Congrats on your EJ call! Seems to be going your way!
Thanks! I will go pop my imaginary champagne bottle!

Quoting joaoborras
Cable showing wishes to go up. 15min chart: {image}
Joaoborras,

Is the irregular upthrust bar an attempt to keep price at current price for accumulation? That is an odd one, and I don't quite understand it.
Yes, I do enjoy eating bananas. Very much.
  • #24,125
  • May 7, 2013 12:53am May 7, 2013 12:53am
Quoting ieatbanana
{quote} Thanks! I will go pop my imaginary champagne bottle! {quote} Joaoborras, Is the irregular upthrust bar an attempt to keep price at current price for accumulation? That is an odd one, and I don't quite understand it.
That's a good question!
I think the best way to think about this irregular UT is as an effort to rise, because the high volume and the bar being an up bar.
But the fact that it closed off the highs, shows that there is still some supply there.
And actually, this supply was tested twith later(4 bars later and then, 8 bars later). Sorry I didn't point out the tests that happened later. It is a crucial point indeed.

So, a "real" UT has more value when we have SOW in the background. In this case, we are seeing SOS.
  • #24,126
  • May 7, 2013 6:07am May 7, 2013 6:07am
Would like to say 2 things.

1st: again, congrats to IEB for the viagra based EJ trade!
2nd: I was watching EU and EJ also for a long, all day long. I knew it was waiting the news(Germany factory orders). Now is the s&#t thing. Germany factory orders is a EURO related news so, the logical trade should be in EU or EJ. But, the genius here, put a trade in GU!! What a f*#k! Luck that it was half of my position... for -8 pips(small, but it was stupid!!).

Sorry but I had to share with someone and where else better than here??!!
  • #24,127
  • May 7, 2013 9:49pm May 7, 2013 9:49pm
Quoting joaoborras
Would like to say 2 things. 1st: again, congrats to IEB for the viagra based EJ trade! 2nd: I was watching EU and EJ also for a long, all day long. I knew it was waiting the news(Germany factory orders). Now is the s&#t thing. Germany factory orders is a EURO related news so, the logical trade should be in EU or EJ. But, the genius here, put a trade in GU!! What a f*#k! Luck that it was half of my position... for -8 pips(small, but it was stupid!!). Sorry but I had to share with someone and where else better than here??!!...
Don't beat yourself up too bad, I think it is counter productive to dwell on your mistakes. If you learn something and retain what you learn, then it really wasn't a mistake.
  • #24,128
  • May 7, 2013 9:55pm May 7, 2013 9:55pm
I can't say that I am a fan of the new look of the forum..

Liking AU today, heavy resistance up above at 1.0220 though.
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  • #24,129
  • May 7, 2013 10:37pm May 7, 2013 10:37pm
So do you test much around here?
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  • #24,130
  • May 7, 2013 10:43pm May 7, 2013 10:43pm
Quoting joaoborras
Cable showing wishes to go up. 15min chart: {image}
I was completely wrong about cable. Sorry for that.
There was a news about business sentiment in US yesterday and today there was same stores sales number from UK. Quite bad, by the way.
  • #24,131
  • May 7, 2013 10:45pm May 7, 2013 10:45pm
Quoting SimpleDev
I can't say that I am a fan of the new look of the forum.. Liking AU today, heavy resistance up above at 1.0220 though. {image} {image}
AU bullish is very interesting indeed, because buying after RBA rate cut is counterintuitive.... That is the way the SM operates!
Will keep an eye on AU too. Thanks!
  • #24,132
  • May 7, 2013 11:28pm May 7, 2013 11:28pm
Quoting SimpleDev
So do you test much around here? {image}
I like the test after it hit 1.019 area. :]
Yes, I do enjoy eating bananas. Very much.
  • #24,133
  • May 7, 2013 11:33pm May 7, 2013 11:33pm
I trade only GBPNZD & EURJPY. I'm either right, or wrong, fast since both pairs are very volatile. So I apologize if anybody get sick and tired of seeing them charts.

EURJPY is of interest to me ATM. Please see chart below.
Attached Image (click to enlarge)
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Yes, I do enjoy eating bananas. Very much.
  • #24,134
  • May 7, 2013 11:38pm May 7, 2013 11:38pm
Quoting joaoborras
{quote} I was completely wrong about cable. Sorry for that. There was a news about business sentiment in US yesterday and today there was same stores sales number from UK. Quite bad, by the way.
No worries, Joao. I'm wrong 95% of the time, haha. If I was right more often, I would had much more of a saving, haha.
Yes, I do enjoy eating bananas. Very much.
  • #24,135
  • May 8, 2013 12:06am May 8, 2013 12:06am
Quoting ieatbanana
I trade only GBPNZD & EURJPY. I'm either right, or wrong, fast since both pairs are very volatile. So I apologize if anybody get sick and tired of seeing them charts. EURJPY is of interest to me ATM. Please see chart below. {image}
I also like EJ to the long side.
here is a 4hr chart:

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The blue lines make more sense in a 1hr chart, that is where they come from.
  • #24,136
  • May 8, 2013 12:39am May 8, 2013 12:39am
Quoting ieatbanana
I trade only GBPNZD & EURJPY. I'm either right, or wrong, fast since both pairs are very volatile. So I apologize if anybody get sick and tired of seeing them charts. EURJPY is of interest to me ATM. Please see chart below. {image}
hmm I wouldn't expect a trend reversal on that volume, usually you want to see volume that is higher than the previous day(s) to actually change the trend, the bar you marked as selling climax is quite low. Granted the for time of day it is good volume, probably good for a retrace..

Here is 4h chart of EJ based on LO.

At this point I doubt I will be taking any longs. 130.60 is monthly resistance, which we have failed to break 3 times. Now back around 4/16-ish I did post a chart of AJ where I highlighted that area on 4/15 as bullish, but look where we are almost a month later, we have failed to make any progress.

Lets take a look at the UT from last Thursday, 5/2 massive volume on this bar.. And then take a look at the next day, more massive volume. With such volume coming in between those 2 days and we still have failed to break 130.60, makes me very bearish across the JPY pairs. Big volume after a sideways movement usually means that the pair is getting very close to breaking out of the range.
Attached Image(s) (click to enlarge)
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  • #24,137
  • May 8, 2013 3:54am May 8, 2013 3:54am
I have a couple of posts that I want to make but I've been very busy the last few days.

Just a quick note to say Manchester United's stock could be interesting when it opens today!
  • #24,138
  • May 8, 2013 5:38am May 8, 2013 5:38am
Quoting ieatbanana
I trade only GBPNZD & EURJPY. I'm either right, or wrong, fast since both pairs are very volatile. So I apologize if anybody get sick and tired of seeing them charts. EURJPY is of interest to me ATM. Please see chart below. {image}
Took 2 shots on longs today on EJ. One, for a loss of -11 and the other for +28. All in all, good trade.
EU was also great, but I was watching cable(again) and, after a long time of waiting, took a long and made my yesterday's loss back and plus some. :Smile:

thanks for the heads up on EJ! I think will add this pair to my watch list as well.
  • #24,139
  • May 8, 2013 9:10am May 8, 2013 9:10am
Shake out on UJ, on the 15min chart:

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-08_usdjpy_shake_out.png Size: 66 KB


Let's see if it has more legs up.
  • #24,140
  • May 8, 2013 10:01am May 8, 2013 10:01am
Guys on a narrow spread 'No Supply' down-bar on lower volume, this would normally close on the lows right? then we would wait for a close above this candle to go long, if trading with strength in the background, etc. Thanks in adv!
Tracking the Specialists.
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