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vsa with Malcolm

Quoting malcolmb14
{quote} my advice ... stay away from bitcoin , advise all your families to not invest in it . Day trade it for sure but when you trade it sit on top of it as it could even gap through stops and take ALL your money . the other day bitcoin on one exchange was $16,000 another exchange $19,000. huh ... pockets of bitcoin keep vanishing due to virus ... huh ... its like saying 30 % of google stock keeps vanishing... where does that money come from ? thats easy those " flash crash moves of 25% that wipe out peoples accounts in hours .... its the next...
when I see news like these here it makes me think you're right..

http://www.businessinsider.com/buyin...-cards-2017-12
https://www.engadget.com/2017/12/12/...use-investors/
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It might a nice bad bubble but the thing is even though you know it, you also know that there is no reason to put a sell into it because the market is still rising.

Its too high to enter in longs, as an investment and there is no short setup to sell it, so load your bullets and stay away.
Know yourself before fight with the market.
Quoting Codaky
{quote} Not here to brag, but I have a master's degree in Economics. Bitcoin (and cryptos in general) are as classical a bubble as a bubble may get. The rally will go on, but exclusively due to speculation. At a certain point, it will stop and Malcolm is right - there is neither a function nor a physical value that could stop cryptos from going to zero. The dynamics are the same as 1929 (and there, in comparison, the crash was minimal as stocks have some physical value as represented by the actual company, its capital stock and business operations,...

Don't get me wrong here, dude. It's not that I don't believe the Cryptos is a classic bubble, but in the grand scheme of life and all things being equal, where is the value in any of the currencies?

All we are really looking is a differential comparison of whose economy is less of a shitstorm at the immediate.

I just don't see that bubble bursting on Bitcoin over the next year.

I do believe that there will be some serious market corrections in 2018, but to what levels remain to be seen.

And again, all that being said, I've never made a single nickel off of trading bitcoin and have absolutely ZERO intent on starting to trade it now.

Maybe use that as a measurement of my confidence.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting odines
{quote} when I see news like these here it makes me think you're right.. http://www.businessinsider.com/buyin...-cards-2017-12 https://www.engadget.com/2017/12/12/...use-investors/ {image}
"Nothing new under the Sun..."
I would advise to invest time in reading the book below before remortgaging your house and buying Bitcoin.

https://www.amazon.co.uk/Extraordina...ness+of+crowds
Quoting 2be
{quote} "Nothing new under the Sun..." I would advise to invest time in reading the book below before remortgaging your house and buying Bitcoin. https://www.amazon.co.uk/Extraordina...ness+of+crowds
I've heard a lot about this book, I already have it filed but I have not had time to read it yet, it's on my waiting list for reading ;]
Quoting odines
{quote} I've heard a lot about this book, I already have it filed but I have not had time to read it yet, it's on my waiting list for reading ;]
Hi odines,

This book describes historical events, it is well written but it is not a reference book IMHO, once you read it, it will probably get stuck o the bookshelf, like mine!
Best thing is to use library if one is able, this will free your bookshelf space for reference type books.
Nice way to end the week by buying an oversold pair.
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Quoting albern
Nice way to end the week by buying an oversold pair. {image}
Nice little 2BR from the hinge... Lovely.
Today's zone = Tomorrow's opportunity!
Quoting pres78
{quote} Nice little 2BR from the hinge... Lovely.
I played with VZA a few years ago but didn't stick with it. I came back to it a few weeks ago and I'm in amazement.

It solved a lot of my trade management issues and the RR is nice. I gave up on VZA then because I just seemed to only take losses and BE's, think my problem was I wasn't paying attention to bigger picture of what the market was doing.

Anyways just my way of saying thanks for sharing it.
Quoting malcolmb14
{quote} anyone trading gbp yesterday probably got very frustrated and this is why , no breakout of the open range , no trend {image}
Auction Market Theory tells us that markets move between phases of Balance (range bound) and Vertical (trend). Often, the longer the Balance phase, the stronger the Vertical phase will be. I hope the GBP traders didn't get so frustrated as to not be watching when the vertical phase came. In other words, Malcolmb did it again: the very fact that he posted about the GBP ranging, should have put the rest of us on alert to be looking to trade it. Thanks Malcolmb! Words can't express the role you have played in the success of so many here.
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Wyckoff VSA: Always FIBbing, but never lying.
Quoting HiddenGap
{quote} Auction Market Theory tells us that markets move between phases of Balance (range bound) and Vertical (trend). Often, the longer the Balance phase, the stronger the Vertical phase will be. I hope the GBP traders didn't get so frustrated as to not be watching when the vertical phase came. In other words, Malcolmb did it again: the very fact that he posted about the GBP ranging, should have put the rest of us on alert to be looking to trade it. Thanks Malcolmb! Words can't express the role you have played in the success of so many here. {image}...
Hello!
Can I ask about Chart Mode indicators? You mentioned, that they can be replaced by any trend indicator, but the only nice for me, that i found is xSuperTrend. It workds nice for m15, but the problem that it;s updated only every hour. If i understand right you dont use tradeguider, so this chart mods indicators you found somewhere else. Would appreciate any help with them
Quoting LuckyMind
{quote} Hello! Can I ask about Chart Mode indicators? You mentioned, that they can be replaced by any trend indicator, but the only nice for me, that i found is xSuperTrend. It workds nice for m15, but the problem that it;s updated only every hour. If i understand right you dont use tradeguider, so this chart mods indicators you found somewhere else. Would appreciate any help with them
Chart Mode I: Bill Williams' Awesome Oscillator 5,34. I use the midpoint (H+L)/2. It can be found in most software packages. I do not care about any "patterns" or divergences of the Oscillator. I only care that when the faster average is above the slower average, the difference is greater than zero. When the indicator is above zero, the output is GREEN. When the faster average is below the slower average, the difference is less than zero. When the indicator is below zero, the output is RED. This mimics the look of the TradeGuider "medium trend indicator".

Chart Mode II: Accumulation/Distribution. This is a volume indicator that mimics the volume thermometer on the TradeGuider chart. Most charting packages have this or some sort of volume based indicator(s). Again, the outputs are the same. Above zero is GREEN and Below Zero is RED. I don't care about "patterns", I'm attempting to determine trend using volume.

Imitation is the sincerest form of flattery, and my charts are set up to look close to like a TradeGuider chart. But more importantly than looking like a TradeGuider chart, is trading like a VSA trader should be trading. That is to say, determining and trading with the trend.
Wyckoff VSA: Always FIBbing, but never lying.
Quoting HiddenGap
{quote} Chart Mode I: Bill Williams' Awesome Oscillator 5,34. I use the midpoint (H+L)/2. It can be found in most software packages. I do not care about any "patterns" or divergences of the Oscillator. I only care that when the faster average is above the slower average, the difference is greater than zero. When the indicator is above zero, the output is GREEN. When the faster average is below the slower average, the difference is less than zero. When the indicator is below zero, the output is RED. This mimics the look of the TradeGuider "medium...
Thank you so much
demo short in UJ - weak BG - Fall Through the Ice setup (Please forgive any error on my part. VSA works great when properly executed and thus can be a part of one's good trade plan.)
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want to ask,
any where to view EUR/USD chart with volume ?


and to trade VSA successfuly,
any good pairs to recommend ?
EUR/USD ? usd/jpy ?
Quoting paogeh
want to ask, any where to view EUR/USD chart with volume ? and to trade VSA successfuly, any good pairs to recommend ? EUR/USD ? usd/jpy ?
I'm using tradingview futures. There are delay for 10 minutes, but i just check there UHV bars, so it's pretty comfortably.
AMP futures also provide live quotations.
Thanks Lucky.

How about Oanda charting ?
The volume is accurate ?
Quoting paogeh
Thanks Lucky. How about Oanda charting ? The volume is accurate ?
Sorry, didn't use it )
Interesting analysis with a bit of pedagogy.

http://www.traderslaboratory.com/for...-pure-vsa.html
Took a bad short on EURCAD earlier today.

NZD long into US volume zone for a 4:1 should take care of it. Looking to take it up to .7009 the hinge from yesterdays high volume zone.
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