Since EUR was much more affected than GBP I can only assume the ECB conference. Trichet hinted to possible rate hike next month.

vsa with Malcolm

1.41 or 1.37

vsa with Malcolm

Got to love it when a plan comes together... I got my long entry off a SO into 3830 and we hit a high so far at 3972.

vsa with Malcolm

EURUSD long... — Got up a little later this morning (around 5 AM) around 1 hr after LO. Had to leave for work around 6AM so I watched the charts off and on as I got ready. I entered at 5:50 AM right before I left arfter a nice NS printed after ...

vsa with Malcolm

It's like Sono said... when the EU busts out of it's range it's gonna be on super high volume and will happen fast.

vsa with Malcolm

Good US news can also lead to risk on trading... People dump their dollars into risker assets, stocks, EUR etc...

vsa with Malcolm

That's the plan...

Auction Market Theory and Market Profile

Wow... — What a great thread and a very interesting trading tool... have been following along quietly trying to learn and take it all in so I can add this to my VSA based trading. Many thanks and keep up the great work and great posts.

Auction Market Theory and Market Profile

EU tommorow — I would like to see a move down and either a shake out or low volume test in the 3830-3840 area followed by a move up into 3970-3980 high for Thursday.

vsa with Malcolm

Another 5 min ND bar and then an upbar on increasing vol... out at BE terrible PA and now done for the day. Probably go down now that I am out.

vsa with Malcolm

Now in the short (broke the rules a bit on entry as it took three bars after the ND to get my entry)... Another ND just printed on the EU 5 min chart.

vsa with Malcolm

Will try a EU short if low of 5 min ND is broken at 3868... Below PAL on 5min, SL would be at daily high around 3888, TP would be set just above 38.2 fib retrace at 3838 for slightly better than 1:1. Once 1:1 level is hit I will move to BE to make ...

vsa with Malcolm

Said I was done but based on where we sit and what appears to be supply coming in on the last few 30min and 1hr bars all closing well off their highs I am looking for some confirmation of weakness (or perhaps London close profit taking) to get in ...

vsa with Malcolm

That's great thanks for the explanation.

vsa with Malcolm

Ah never really noticed that before... must be some lag in my brokers feed versus the actual price movements when transitioning from bar to bar.

vsa with Malcolm

Could be because I am zoomed in perhaps? Not sure what you mean by lots of gaps.

vsa with Malcolm

Ah OK... still struggle with the right termanolgy sometimes but I seem to get myself into the right general area anyway with regards to what I am seeing on the charts. Yes I do take into account spread for SL and TP's I just usually call out the ...

vsa with Malcolm

I guess this turned out to be a good example of an upthrust in the wrong place will quickly get tested and taken out if strength is still present. The downmove was on lowering volume and the two upbars prior to the upthrust closed near the highs and ...

vsa with Malcolm

Next bar closed up... strength may still be present.

vsa with Malcolm

Well as long as it's consitant for you then that's all that matters.

How to use the 123 strategy effectively