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vsa with Malcolm

  • #29,781
  • Aug 9, 2017 9:03pm Aug 9, 2017 9:03pm
Very easy fix

TRADE ONLY AFTER THE OPEN RANGE IF LONDON HAD FINISHED ...1ST 30 min of London ...


I am a newbie to trade, i need more clarity on this. Please help to understand this statement more?

"TRADE ONLY AFTER THE OPEN RANGE IF LONDON HAD FINISHED ...1ST 30 min of London ."
  • #29,782
  • Aug 9, 2017 9:06pm Aug 9, 2017 9:06pm
Quoting ratsalad
{quote} Please bear with my newbie questions. So to summarise, the approach is this? 1) Use the trading range to determine target levels (open high/low in Asia, open high/low in Euro/UK) 2) Look at VSA to identify opportunity 3) Lock in on opportunity that is in line with trend (for newbie like me) 4) Wait for entry (what are the entry signals to look out for? clear break above/below open range on candle close?) 5) TP at target level Did I understand correctly?
good summary

Now you have 4 hours till you can trade

go download the book called master the markets . I think when you google it a PDF version is there

in the book look up :

uptrends:
no supply
high volume tests

diwn trends
no demands
upthrust ( high volume up bar closing on lows)

thise are the four bar patterns you you need to trend trade

very very simple ... we just think trading is complicated
Blogging daily now at www.volume.zone
  • #29,783
  • Aug 9, 2017 9:11pm Aug 9, 2017 9:11pm
Quoting malcolmb14
{quote} Do do not get mad ... keep calm do not revenge tears saying market owes you do not think you cannot do this ...you can we have all struggled with the same things go for a walk go take your wife / girlfriend for lunch go find a girlfriend if you do not have one lol .. any random girl will do clear your mind come back in 4.5 hours and we will rip up the markets . tradws are always there every day . Just not in Asia lol
in 4,5 hours im sound asleep , thatswhy im looking for a trade in ASIA also. I work shifts so trading only in london range is difficult.
Im in nzdjpy now, was a bit late with entry but looking closely with tight stop. Will see. Bounced over resistance, tested and heading back down.
  • #29,784
  • Aug 9, 2017 9:11pm Aug 9, 2017 9:11pm
I will list some examples of trend trades in the coming days

they are the safest way to make money
Blogging daily now at www.volume.zone
  • #29,785
  • Aug 9, 2017 9:12pm Aug 9, 2017 9:12pm
Quoting Jesusknows
{quote} in 4,5 hours im sound asleep , thatswhy im looking for a trade in ASIA also. I work shifts so trading only in london range is difficult. Im in nzdjpy now, was a bit late with entry but looking closely with tight stop. Will see. Bounced over resistance, tested and heading back down.

You are in Finland right ? I think

shift work is tough
Blogging daily now at www.volume.zone
  • #29,786
  • Aug 9, 2017 9:16pm Aug 9, 2017 9:16pm
Quoting malcolmb14
{quote} good summary Now you have 4 hours till you can trade go download the book called master the markets . I think when you google it a PDF version is there in the book look up : uptrends: no supply high volume tests diwn trends no demands upthrust ( high volume up bar closing on lows) thise are the four bar patterns you you need to trend trade very very simple ... we just think trading is complicated
On it now!
  • #29,787
  • Aug 9, 2017 9:17pm Aug 9, 2017 9:17pm
Quoting malcolmb14
{quote} You are in Finland right ? I think shift work is tough
Living in finland currently yes, from estonia originally
  • #29,788
  • Aug 9, 2017 9:18pm Aug 9, 2017 9:18pm
Quoting Jesusknows
{quote} in 4,5 hours im sound asleep , thatswhy im looking for a trade in ASIA also. I work shifts so trading only in london range is difficult. Im in nzdjpy now, was a bit late with entry but looking closely with tight stop. Will see. Bounced over resistance, tested and heading back down.
I made some pips on NZD JPY yesterday. Went in again 10 hours ago not checking there was going to be a major news release this morning... Got burned SL when it shot up. Now I hope it continues its trend downwards which it has been doing for weeks...
  • #29,789
  • Aug 9, 2017 9:20pm Aug 9, 2017 9:20pm
Nice extracts from trading in shadow of smart money by Gavin Holmes

Rule 1 weakness appears on up bars
rule 2 strength appear on down bars
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  • #29,790
  • Aug 9, 2017 9:28pm Aug 9, 2017 9:28pm
Quoting jegansince90
Very easy fix TRADE ONLY AFTER THE OPEN RANGE IF LONDON HAD FINISHED ...1ST 30 min of London ... I am a newbie to trade, i need more clarity on this. Please help to understand this statement more? "TRADE ONLY AFTER THE OPEN RANGE IF LONDON HAD FINISHED ...1ST 30 min of London ."
what drives the markets :
smart money ... banks , government , hedge funds,

the bulk of moves hapoen in London and us sessions .
asia is often used for manipulation or positioning for open
fx has to be kept In range everyday ( we cannot have 500 pip fluctuation in currency a day as e onomies will be unstable )

so open range
open range is the high snd high and low of the first 30 minutes of London open
London open Dubai time is currently 11:00 am to 11:30 am . That's my open range

you place horizontal line at the high of bar and the low of the 30 min bar
See how price acts within the or

today we have gbp news at 12:30 my time I will post charts gbp and it's open range to clarify this
Blogging daily now at www.volume.zone
  • #29,791
  • Aug 9, 2017 9:31pm Aug 9, 2017 9:31pm
Quoting vietbach
Hi Malcom14 You can get trust from an investment fund? Thanks
? I do not understand the question

you can trust an investment fund but normally they say they can get only 13 percent a year

better to put your money in real estate get 7 percent rental yield and add to that average 5 percent capital appreciation a year on average it's the same and safer
Blogging daily now at www.volume.zone
  • #29,792
  • Aug 9, 2017 9:32pm Aug 9, 2017 9:32pm
Quoting ratsalad
{quote} I made some pips on NZD JPY yesterday. Went in again 10 hours ago not checking there was going to be a major news release this morning... Got burned SL when it shot up. Now I hope it continues its trend downwards which it has been doing for weeks...
Never thinka trend will continue

rverything we need to know is in the charts
Blogging daily now at www.volume.zone
  • #29,793
  • Aug 9, 2017 9:34pm Aug 9, 2017 9:34pm
Quoting ratsalad
{quote} I made some pips on NZD JPY yesterday. Went in again 10 hours ago not checking there was going to be a major news release this morning... Got burned SL when it shot up. Now I hope it continues its trend downwards which it has been doing for weeks...
Ok so what happened on the news

price shot up ...

i am assuming that is the news candle

they sold into it that's is weakness
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  • #29,794
  • Aug 9, 2017 9:35pm Aug 9, 2017 9:35pm
Quoting malcolmb14
{quote} Ok so what happened on the news price shot up ... i am assuming that is the news candle they sold into it that's is weakness {image}
The big question is ...

why were you in a sell ? The 15 min price was above the 14 sma before news and tending up
Blogging daily now at www.volume.zone
  • #29,795
  • Aug 9, 2017 9:38pm Aug 9, 2017 9:38pm
Same pair prior day

that's what I look for when I am looking for entry in a trend . Up move with an upthrust bar closing off high
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  • #29,796
  • Aug 9, 2017 9:41pm Aug 9, 2017 9:41pm
Quoting malcolmb14
Nice extracts from trading in shadow of smart money by Gavin Holmes Rule 1 weakness appears on up bars rule 2 strength appear on down bars {image} {image} {image}
The logic is easy to understand Im guessing the key is to clearly identify the VSA trades from the noise. I will take time to study all the charts shared here and read the book
  • #29,797
  • Aug 9, 2017 9:41pm Aug 9, 2017 9:41pm
Dax 60

major orders at 12150

up bar uh volume
two dojis

will watch that line in the charts today

if we see weakness above it and price moves under it we can assume we Weill see break if the low of this range and that those doji and uh volume up bar were all sellers
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  • #29,798
  • Aug 9, 2017 9:42pm Aug 9, 2017 9:42pm
Quoting malcolmb14
{quote} Never thinka trend will continue rverything we need to know is in the charts

Moved SL to Be and gonna leave it open overnight, or overday rather
  • #29,799
  • Aug 9, 2017 9:45pm Aug 9, 2017 9:45pm
Quoting ratsalad
{quote} The logic is easy to understand Im guessing the key is to clearly identify the VSA trades from the noise. I will take time to study all the charts shared here and read the book
They actually jump out

keep this in mind :

clear vsa trades aces are not always there
the higher the time frame the less they appear
the higher time frame (60 min etc) when they do appear the bigger the move
Blogging daily now at www.volume.zone
  • #29,800
  • Aug 9, 2017 9:45pm Aug 9, 2017 9:45pm
Quoting malcolmb14
{quote} The big question is ... why were you in a sell ? The 15 min price was above the 14 sma before news and tending up
Ah!
I see what you mean now, the price went above SMA sometime yesterday - before was all below and thats where i made money selling..

But it moved above SMA and so the trend was up at least until this morning... and now back down

So last night 11 hours ago I should not have entered
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