Yesterday's low appears to be the line in the sand, at least for now.

vsa with Malcolm

My good friend Mr Malcolmb: Sir the HFT - Quant guys who drive these markets with their volume do so in response to fundamental factors such as central bank policy and important economic news. You have educated me in part by noting that Smart Money ...

vsa with Malcolm

Intraday Market Thought from Ashraf Laidi 2010.08.17 21:07: WATCH BoE MINUTES: Wednesdays release of the minutes from the August MPC meeting could add to GBP losses. The currency has been hit hard after Tuesdays unexpectedly weak July CPI (see ...

vsa with Malcolm

I got slipped on my buy order by 10 pips. Holy Crud. Bat Trader, the Joker is holed up at Bumbalough's brokerage. I bought because of the 15M hammer's higher vol > ETMD penultimate bar's vol. I set an 80 pip stop with a 100 pip TP. Best Wishes and ...

vsa with Malcolm

GU maybe support @ 5500 ~ ish

vsa with Malcolm

This UT at the penultimate bar may be what TW was thinking about. Best & Good So sorry. Its an ETMD bar rather than an UT. My bad.

vsa with Malcolm

Here is Ashraf Laidi's latest GU thinking url His stuff is often very instructive and interesting.

vsa with Malcolm

Thank you for your salient speculation. I respect you as a trader and person. Your opinions are often useful, and I have found your postings informative. In this case I disagree because the fundamental facts that drove the recent Euro sell off are ...

EURUSD

Hello Friends: It may be good to hold off on new EU shorts until rate bounces off 4H 38.2 fib at 2961 or 50% at 3033.

EURUSD

I've got tomorrow off of my slaving job, so I'll be around to make some coin. Additionally, I was thinking of what signal could have alerted me to get long EU at around 7:15 GMT when rate started to rally. Upon inspection of the 5M chart I noticed ...

vsa with Malcolm

Here's my EU chart showing the buy climax upthrust on the 30M. Although I messed up the placement of the trend line connecting Thursday and Friday's highs, it can still be seen that supply came in when rate tested trend line in near proximity to R1 ...

vsa with Malcolm

Thank you for your salient comment. It is always informative to read this thread as VSA seems to attract a more intelligent sort of trader. In this chart, the EU big players used a No Supply bar to trick traders into long positions. The two prior ...

vsa with Malcolm

Hello Friends: I hope all are well and feeling good. It is my hope to post an example of demand absorption of supply. The EU 15M chart below shows action on 2 July 2010. I think the marked candles constitute demand absorbing supply. This range ...

vsa with Malcolm

The daily chart is screaming sell all rallies. German GDP was today's chance to motivate a tweezer-railroad track-mirror bar recovery. If EU closes the week under 1.2830 then, its going down. Support at 2730 2530 then 2180. addendum: despite this ...

vsa with Malcolm

1.2932 is also the 1.618 projection of open to high of initial spike after German GDP upside surprise. Time for me to get some rest. I have to go to my work in the morning. Its 2:15 am here in Mesquite Texas. BTW, I am very grateful for the VSA ...

vsa with Malcolm

EU 15M pennate has higher probability of breaking to upside. Sell target 1.2932 which is yesterday's high, R1 pivot, sliding parallel of Andrew's Pitchfork median line, and not shown, it is the 1.382 projection of yesterday's open to yesterday's ...

vsa with Malcolm

You are very right. There is much supply at 1.29-29.32. The big scary bearish engulfing 5M Reaction bar gave me pause to cancel my entry at 2878 in consideration of the Frankie fakeout. Yet the good number for DE GDP at 2.2% vs 1.4% expected would ...

vsa with Malcolm

The low vol test for selling pressure in question occurred at 7:00 am London/8:00 CET time. That would be when the bank traders are getting warmed up. Rate $EURUSD initial retrace on 5M bid off 38.2; its going up to prior 4H highs.

vsa with Malcolm

Thanks Malcomb: Yes please do a webinar. Here is my VSA chart and attempt at a long trade on EU. I've placed my long limit order at 1.2878 at top of yesterday's UT and at 50% retrace from current high to low of this morning's low volume test in ...

vsa with Malcolm

Many Thanks to Shamus, Tom and chief1oar. I have much to learn, but I hope not to annoy you too much with my questions. Best Wishes for Big Profits Jim Forte wrote an article called "Anatomy of a Trading Range" that was published in MTA Journal ...

Trade Using VSA (Volume Spread Analysis)