This next bar is key... Both it's close and volume.

vsa with Malcolm

Possible shake out on the last 15min EURUSD? Or are they absorbing the buyers?

vsa with Malcolm

If trading these tests on the way up where would you set SL and TP's since there is no SO or upthrust to use? The low of the test?

vsa with Malcolm

I agree... I always want to see strength or weakness on 15min before looking for trigger on lower...

vsa with Malcolm

Did you enter on the break of the high of the SO?

vsa with Malcolm

Looks like some possible EU weakness on the last two completed 15min bars... increased volumes with long upper wicks and closed as downbars. Almost LO so let's see what they do out of the gates.

vsa with Malcolm

Will be keeping an eye on it over the next weeks to see if it is valid or if I just got lucky.

vsa with Malcolm

Looking at the EURUSD I am now also seeing 3780-3790 as an area of interest today if price gets back into this area. This for me (with my most likely inaccurate broker volume data) is the close of my highest volume 1hr wide range bar that started ...

vsa with Malcolm

Malc... good news due to lack of interest they cancelled all news releases this week so you can forget about it.

vsa with Malcolm

My appologies... I will never mention news again on this thread again.

vsa with Malcolm

Well we do have ADP non farm payrolls tommorow... if it prints good we could see another news spike down shake out into this area before continuing upward on risk... good and bad news always confuses me a bit as I never can tell if good or bad will ...

vsa with Malcolm

Yeah I am not sure how much 1min signals can be trusted but it worked out this time for me.

vsa with Malcolm

Thanks for that... You have played a big role in my VSA progress as well... this thread is a great learning tool in itself. Following all of the posts from you main VSA gurus (oh and the tests and quizes) and also seeing charts from others as they ...

vsa with Malcolm

I would be really surprised if that 3740 area isn't tested for support before moving on up since it was such a strong resistance area for the last while. NFP week though so who knows what craziness will go on...

vsa with Malcolm

Tried... — So I tried something a little different on a EURUSD long I took. After I saw that shake out bar on the 15min, I dropped all the way down to the 1min charts... I saw a nice looking NS which was back above both the PAL and the Hull... ...

vsa with Malcolm

Next stop once that 61.8 fib is cleared (should stay above today) is 1.4... I think we may see a retest of that 61.8 fib at 3740 before going to far to see if it will now act as support.

vsa with Malcolm

All of the 5min downbars are printing on lower volume than the upbars... Could we be in for another famous NY session (after London close) crawl up through 3800 and into 3835-3850 to complete the ADR for today?

vsa with Malcolm

Agreed this close to a pshyc level it could very well be absorbtion... Also last 5 min bar just closed as a NS...

vsa with Malcolm

Now we need to clear that stubborn 3760 area... would like to see a low vol test or a NS in this general area (3745-3760).

vsa with Malcolm

That last 15min bar on the EURUSD post news looks like it may be a shake out... see what happens on the next few 5 min bars...

vsa with Malcolm