I see... that's so much for the explanation.

vsa with Malcolm

13.15gmt fixing price?

vsa with Malcolm

Are we seeing a possible trap-up move on the EURUSD 15min chart? PA is weird... we are climbing on lowering volum... then we had a wide spread upbar closing off it's highs on increasing volume, then a higher volume pinbar (on my charts) or test.....

vsa with Malcolm

The last 15min candles on EURUSD have all been upbars but on lowering volume... No Buying pressure? Weakness in the background with more downside to come during NY? Looks like some supply came in on that last 15min. Upthrust, downbar but volume is ...

vsa with Malcolm

The more the merrier...

How to use the 123 strategy effectively

Well this makes me feel much better about my longer term bullish outlook on the EURUSD... I too am looking for an early week retrace into the 3475-3500 area before continuing upward.

vsa with Malcolm

Well I'm glad someome said it I was worried I was losing it...

vsa with Malcolm

I have actually been toying with the same idea after I thougt I read in one of your posts... oh well, as you mention it still worth looking into.

vsa with Malcolm

There I deleted it so as not to confuse...

vsa with Malcolm

My appologies I thought you had mentioned about entering on the 5min and then staying in until the price crosess the 15min hull in the opposing direction. Must have gotten confused... again my appologies.

vsa with Malcolm

Well it came close...

vsa with Malcolm

Malc, You metioned back a bit that you would be posting some charts showing you longer term trading plan / process. Do you still plan on sharing that with the thread? Thanks for starting and continuing this great thread BTW... it is appreciated by ...

vsa with Malcolm

I second that one...

vsa with Malcolm

EUR woes have started to fade into the background (for now) with some ever increasing good reports from Germany business (actually confidecne readings are at an all time high) and talks from ECB about keeping inflation in check and talks of bailouts ...

vsa with Malcolm

GBPUSD — My one and only 123 trade from ealier today...

How to use the 123 strategy effectively

I have a bit of a different take on taking into account spreads. I also remove them from both my TP and SL levels to avoid just this... If point 1-2 is 30 pips then I will go for 28 pip target (price has to move the 30 to hit it) and do the same ...

How to use the 123 strategy effectively

Closed my second trade at 3590 (to avoid the 3600 level just in case) for 160 pips. Have a great weekend everybody.

vsa with Malcolm

What is that last 15min bar considered? Test? Hidden test? It is wide spread with lowest volume of the last few bars, closing as an upbar but off it's high but back above 3550.

vsa with Malcolm

That last 5min bar englufed the 3 previous down bar bodies... A 4 bar reversal of sorts

vsa with Malcolm

Another bounce from the 3550 level on the 15min.

vsa with Malcolm