We had a fall which was stopped and now price is sideways. High volume on down moves into range low with price coming back up on lower volume. Best thing is to confirm an up move. So far the little down moves were bought. Sadly lacking activity on ...

vsa with Malcolm

I'm gonna be watching market reaction to yesterday's low. So that's around 1.41. By the way, the breakout is between yesterday's low and last month's high.

vsa with Malcolm

That candle's spread is less than previous while volume is almost the same. That should give you some heads up. Because if volume is the same and the spread is less on the down move, then it means buyers must be active at that time. Doesn't always ...

vsa with Malcolm

Not really VSA but looking to sell EU @ around 1.44. There's a fib and a horizontal s/r. 1.45 would be a channel top. Of course will be looking for valid VSA setups.

vsa with Malcolm

A lot more news this week though! Will be fun to watch

vsa with Malcolm

FED: Assets purchased will have average duration of 5 to 6 years. $EURUSD: Spikes higher on Fed announcement as $600 billion surpasses estimates, but has quickly retraced That's from dailyfx if anyone cares. Reaction looks like it'll be up, down, up ...

vsa with Malcolm

Ohhhh the statement's today haha I thought it was Tuesday today haha Now EU makes more sense

vsa with Malcolm

It has been said that QE2 will be less than the first one and more gradual as they try to strike balance between effective and ridiculous. We'll see what happens. I'm expecting a fake up and then down like it was before a few times.

vsa with Malcolm

The thing is, I'm not trying to force anyone to think or do anything. I'm just stating what I see on the chart. In the last chart one would come to a conclusion that the down move is not a sure thing because of the stopping volume. So the logical ...

vsa with Malcolm

Certainly EU is held down. But buyers are not gone either.

vsa with Malcolm

What do you mean shake out for the rest of the day? We can certainly get a retracement/test of the breakout, but a shake out would suggest GU would climb higher. A shake out is the same as selling climax but in an up trend. And guessing is not very ...

vsa with Malcolm

GU is just nasty looking so I'm staying away. EU has a huge range and not much else. There will be many catalysts to move the pair, so we might finally get a breakout. As for today EU still trying to break through resistance at ~1.404.

vsa with Malcolm

So are you saying SM left the market?

vsa with Malcolm

Took some pips and ran away.

vsa with Malcolm

What's a bettervolume monitor?

vsa with Malcolm

It's this one.

vsa with Malcolm

EU looks like 1 day down, next day up and staying in a 200-400 pip range. Hate it when I see selling and price goes up and up and up. Malcolm would say look at 30m there are buyers all over the place. Anyway, 1.398 seems like a decent place to think ...

vsa with Malcolm

Looks like I was wrong. Lowish volume in European session, but high volume in US session now. Looks like stopping volume on 15m. Anyway, gonna be back tomorrow.

vsa with Malcolm

1H says up EU, but meh. Stop is a bit too wide for my liking now. The silly shake out type thing took care of weak longs for sure. Anyway, I'm gonna be in observe only mode today. Better not break my own rules! 4H looks bad though. A bit whipsawy. ...

vsa with Malcolm

Exactly what I was thinking. Look for the "dollar doomed" type news!

vsa with Malcolm