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pres78 replied Feb 6, 2011For new VSA'ers like me to learn from and I for appreciate your posts and charts and have learn so much already for yourself and a few other kind VSA vetrans...
vsa with Malcolm
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pres78 replied Feb 5, 2011No lower than 3360 next week should keep the upmove intact... personally I would like to see no lower than 3480. If we move right up on Monday with no further retrace than I also agree that a trigger in the 3625-3640 area would be nice to get in ...
vsa with Malcolm
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pres78 replied Feb 4, 2011So this week EU made a higher weekly high and on my broker I have the same weekly low as last week to within 1 pip... This to me alone makes this level at 3540 (close) and 3550 (not one single 1hr or 4hr candle closed below) very important to the ...
vsa with Malcolm
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pres78 replied Feb 4, 2011Your post got me thinking and I took a look at the bigger picture on the daily. We are back at this same S/D zone that we have seen so many time before. If we close above this zone on this massive volume it does indicate some big demand is holding ...
vsa with Malcolm
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pres78 replied Feb 4, 2011Personally for bulls sake a bounce at 3483 would be lovely as it would be a nice 61.8 (or 38.2) retrace on the upmove... Those are nice to trade and are an intrigal part of any move up (or down)...
vsa with Malcolm
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pres78 replied Feb 4, 2011IMHO if we don't bounce back up and keep daily closes above the 3367 level then we could go as low as 3140... if 3060 gets broken then a full retrace it is. 3367 is 50 fib retrace of the move up and is just 44 pips below the original downmove from ...
vsa with Malcolm
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pres78 replied Feb 4, 2011The data was mixed with a better than expected unemployment rate but way less jobs added than expected... Big shake out both ways and we may now need to wait and see what the stock market does with this news to get a better feel for where all of the ...
vsa with Malcolm
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pres78 replied Feb 4, 2011Heading up towards 3660 and we are still 7mins from NFP release...
vsa with Malcolm
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pres78 replied Feb 3, 2011Nope but closing back below that 61.8 fib level at 3742 doesn't help the bulls much. If we get back below the 50 fib at 3577 and we may have a whole other story... Hopefully after NFP we will get some clarity on the direction the big boys want to ...
Auction Market Theory and Market Profile
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pres78 replied Feb 3, 2011My one trade... — Sorry for the late charts but it's hard to post from work and when I entered the trade it was 4:30AM so I was too tired... Took this EURUSD short after I saw (well my MT4 email work me up) another bounce and possible reversal ...
vsa with Malcolm
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pres78 replied Feb 3, 2011How are pinbars used or considered in VSA? Are they looked at as indecision and ignored or are they used as NS or ND depending on established trend?
vsa with Malcolm
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pres78 replied Feb 3, 2011I trade all week using another method and only take the lowest risk set-ups and trade smaller lots.
How to use the 123 strategy effectively
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pres78 replied Feb 3, 2011I know that you addressed Paulus but I will offer my response as well... I do not typically pattern trade after Monday of NFP week... I have but I find PA to unpredicatable during the best times to trade as it is full of high impact news releases ...
How to use the 123 strategy effectively
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pres78 replied Feb 3, 2011EURUSD possible shake out bar went down and hit the 61.8 fib level at 3742 righ to the pip... shake out to go back up or absorbtion to go lower???
vsa with Malcolm
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pres78 replied Feb 3, 2011I think we may be seeing some profit taking on the GBPUSD after that good news spike up. They will now want to shake out weak longs and lock in some shorts to gather some steam to take a run at that old high at 6290 / 6300... I would be very ...
vsa with Malcolm
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pres78 replied Feb 3, 2011they still might mark prices down to test that 61.8 fib at 3740 before contnuing up... take out a few moe stops.
vsa with Malcolm
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pres78 replied Feb 3, 2011Looked like buyers coming in the last few 15min bars but it could be absorbtion... this last bar seems to confirm absorbtion...
vsa with Malcolm
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pres78 replied Feb 3, 2011Another bounce down off the 3820 area... will we test yesterday's low? will it hold if we do?
vsa with Malcolm