Last 15 min EU bar closed as an upthrust on very high vol... see what unfolds over the next few bars... Bernanke speech in an hour... We could possibly see a retrace down into 3820-3800 area.

vsa with Malcolm

TP 2 hit for this first trades lot 2... Added another long off the 2 bar shake out, trigger level from shake out and test of the trigger. Will keep an eye on 3850 TP target is shy of ADR at 3865. Entry 3820, SL 3800. Well that happened fast... TP ...

vsa with Malcolm

Glad it works for you but it's too complicated looking for my liking. Best of luck.

How to use the 123 strategy effectively

So far another day of much less that the normal ADR's for EU and GU... see if ADP and Bernanke can give these pairs a boot.

vsa with Malcolm

Looking at this now the very next 5min bar after the two upbars shown after my entry actaully printed as a NS giving another possible entry point.

vsa with Malcolm

EURUSD long — Trade I took just before LO... I had the chart all pulled and marked up to post but the baby woke up and I had to go... 1. Highest volume 5 min bar so far today, possible trigger 2. First test of this trigger 3. 3AM my time (1hr ...

vsa with Malcolm

Thanks again...

vsa with Malcolm

Never had any doubts...

vsa with Malcolm

I don't have any trigger to go short that high up on my charts... mind posting where you got in on your chart?

vsa with Malcolm

On my charts I have a ND / test bar that printed with it's low right around 3805... is this the trigger you are reffering to? It was my very next bar after a 2 bar reversal...

vsa with Malcolm

If only... — If only it wasn't for the time of day... What a nice and easy set-up (well in my eyes anyway). We had been in a downmove from 3835 but I figured that since London closed up we would just drift down to 3800 and move sieways. Just ...

vsa with Malcolm

What do you consider the bar you marked as "or on close here" as? And why would it by itself signal an entry? Is that marked bar the test that you mention HG trades and would enter off of? I always have a bit of a time deciding on whether a bar is a ...

vsa with Malcolm

Yes Intel metioned to treat them just like SO or upthrusts... Thanks for the chart with the clear example.

vsa with Malcolm

That's what I thought so thanks for confirming...

vsa with Malcolm

Agreed but both in Jan and Oct 2010 when we hit (or came close) to this level we followed up with a 2000+ pip and 1000+ pip drop respectively. Just a touchy area IMHO.

vsa with Malcolm

IMHO that 15min bar you have maked is way too wide of spread and closes too low to be a NS... no selling pressure perhaps. Someone can correct me if I am wrong.

vsa with Malcolm

GU daily high could be tough nut to crack since it is the highest high we've seen since Jan 2010... If it's pushes through it should be on high volume and I would then want to see a test or NS back in this area.

vsa with Malcolm

Does anyone trade 2 bar reversals / 2 bar shake outs? Does one still need to wait for a test or ND/NS after the 2 bar reversal or does another upbar in uptrend or downbar in uptrend suffice for entry?

vsa with Malcolm

We are stuck in 70 pips ranges ATM on both EU and GU... They will both break at some point this week... keep an eye on both boundries.

vsa with Malcolm

GU still has buyers at that 6250 level which has not been cracked today. IMHO I wouldn't take anything short until we get below that point...

vsa with Malcolm