This is in my SIPP, so I am trading yes (it's only forex spread betting I'm not active in right now). It is a long term trade (i.e. months or years) until I see signs of distribution. I manage my SIPP with similar money management rules - most ...

vsa with Malcolm

Excellent, thanks very much for the link Sonofsin That's my weekend plans sorted LOL

vsa with Malcolm

My XCH trade is coming together nicely now the supply has been dried up

vsa with Malcolm

Why are you choosing 1.3970 as support? Just interested in your rules defining support and resistance levels.

vsa with Malcolm

I see Trichet is talking again in 25 minutes - might see some action then.

vsa with Malcolm

The futures have high volume (relative) but under half of yesterday's big move volume. I would have thought this upthrust was more buying, than testing for supply. We're poking through 1.4 now but we're not seeing massive supply. We might see some ...

vsa with Malcolm

Hi Moe Thanks for the kind words. I wouldn't enter a trade based on placing a sell limit order 50 to 80 pips above 1.63 because that would IMHO be akin to gambling - believing the price will spike up but eventually fall. I would only place the trade ...

vsa with Malcolm

Excellent, so you collected your pips and are out of the market now? Superb, because I thought when I saw price move back down that you would be stopped out at B/E. Positive pips are better than no pips every day, even though the trade you took was ...

vsa with Malcolm

Wise words - agreed

vsa with Malcolm

Interesting stuff and I appreciate you posting this - I find its opposite views like this that help us learn, assuming we're all playing by VSA rules. I have no problem being proven wrong, but I want and hope to learn what I was reading incorrectly ...

vsa with Malcolm

I'm ignoring asia volume - but the low volume I'm talking about is London. Although NFP is in a few hours I'm a believer that SM positions themselves pre NFP to take advantage of the news. We've got clear supply present above the current price (well ...

vsa with Malcolm

I'm looking at the futures volume, which I've attached an equivalent report to the one Dr G posted. It is a pin bar but look at the relative volume compared to the background - a lot lower. On the 4 hour chart starting at 06.00 (my fav ) it shows ...

vsa with Malcolm

I'm nowhere near the skills level of some of the guys in this room so please accept my questioning of this as trying to help myself and others learn, because I'm not seeing what you're seeing. The hourly is attached, but look at the volume compared ...

vsa with Malcolm

Are you talking about resistance turned support Dr G? Please talk me through what you're seeing.

vsa with Malcolm

I look forward to trading with you over the next few months - sounds like we can learn from each other

vsa with Malcolm

Looking at the volume on this upmove towards the POC, I'm not seeing strength here Compare with volume from yesterday. Good point to short? I'm not paying attention to GU so I'm no expert, but this post is reply to willkohsg's question. If I was ...

vsa with Malcolm

(I know I'm going against what I said in my post above about focussing on one pair but I couldn't resist commenting lol) With weakness in the background and a widespread down on low volume you should be looking for shorts. There wasn't buying in ...

vsa with Malcolm

I'm not trading at the moment. I mentioned a few days ago that I've only recently come back to the markets after having a pretty intense 9 months in my business where one of the major shareholders wanted out and I had to buy them out. I quickly ...

vsa with Malcolm

Superb bud. I think you'll have the edge on the straights but I have a feeling I must just win it in the corners

vsa with Malcolm

I think I worded it badly. I'm not suggesting this mark up wasn't bullish (absorption volume), only that there was a little supply in it as well- not massive, but some nonetheless - the next bar (5M, 15M, 30M, 1H etc) was clearly down. If the bar ...

vsa with Malcolm