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vsa with Malcolm

  • #32,021
  • Jul 1, 2019 11:07pm Jul 1, 2019 11:07pm
Quoting Alf Ralf
{image} EU M30 potential accumulation, long now is risky. Wait for cross above 1.3303 and test to long.

Hi Alf,

Are you using a Buying/selling Volume Indi on the bottom of your charts?
  • #32,022
  • Jul 2, 2019 12:43am Jul 2, 2019 12:43am
Quoting Anotan
Have my eyes on AUD/JPY this week.
Looking for signs of strength at this June 26th Trigger level.
Attached Image (click to enlarge)
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  • #32,023
  • Jul 2, 2019 1:12am Jul 2, 2019 1:12am
Quoting shrips
{quote} Hi Alf, Are you using a Buying/selling Volume Indi on the bottom of your charts?
I'm using "Transactions" and "Real Volume" indicators.
  • #32,024
  • Jul 2, 2019 1:18am Jul 2, 2019 1:18am
Nothing on the EU or GU for me yet.
Don't forget NFP out on Friday
  • #32,025
  • Edited 2:57am Jul 2, 2019 2:16am | Edited 2:57am
Small trade..

High volume up bar followed by No buying pressure.

Attached Image (click to enlarge)
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Added a scalp trade to my EUR/CAD short. I saw a no demand after the test at the low, I added the short as that down bar was coming off. I'll close the scalp trade out after a H1 close of 20+ pips.

For me anyways trending markets are slow to make pips so I occasionally add scalp trades to pad my pip count. I prefer trading sideways markets, make more pips trading both sides of the swings.

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  • #32,026
  • Jul 2, 2019 3:20am Jul 2, 2019 3:20am
Second short on AUD/JPY, the pair is just super obvious right now.

IMO the best part about VSA is the lack of indicators, if you think about it MT4 has been out for around 15ish years and I wonder sometimes if brokers will eventually force everyone to MT5. A lot of people with custom MT4 indicators and scripts will have to find someone to rewrite them, I would at least because I have no idea how to code.

But with VSA all you need is volume and occasionally a horizontal line.
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  • #32,027
  • Jul 2, 2019 3:31am Jul 2, 2019 3:31am
Quoting Alf Ralf
{quote} I'm using "Transactions" and "Real Volume" indicators.
Quoting Anotan
IMO the best part about VSA is the lack of indicators
I'm sorry Alf, I didn't mean that as a shot at you, the talk of indicators made me think of the Christmas Tree traders who have all these custom indicators that they've been developing for years on end.
  • #32,028
  • Jul 2, 2019 7:22am Jul 2, 2019 7:22am
Quoting Anotan
{quote} {quote} I'm sorry Alf, I didn't mean that as a shot at you, the talk of indicators made me think of the Christmas Tree traders who have all these custom indicators that they've been developing for years on end.
Lol, no offense taken
  • #32,029
  • Jul 2, 2019 1:17pm Jul 2, 2019 1:17pm
My 2nd set of shorts got taken out on a 10 pip spread from my broker.

I'm embarrassed to say that I've been a weak holder for the past two days on EUR/CAD. I'm usually better than that.

Seeing that the last two days have been nothing but short stop hunting I'm pretty bearish on EUR/CAD, next stop is 1.4750 which is the lows from September 2018, but really I think it has the potential to run to 1.44,
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  • #32,030
  • Jul 2, 2019 1:27pm Jul 2, 2019 1:27pm
Quoting Anotan
My 2nd set of shorts got taken out on a 10 pip spread from my broker. I'm embarrassed to say that I've been a weak holder for the past two days on EUR/CAD. I'm usually better than that. Seeing that the last two days have been nothing but short stop hunting I'm pretty bearish on EUR/CAD, next stop is 1.4750 which is the lows from September 2018, but really I think it has the potential to run to 1.44, {image}
As long as you learn from your mistakes, that's the cost of doing business.
  • #32,031
  • Jul 2, 2019 1:45pm Jul 2, 2019 1:45pm
I closed my 2nd trade on AUD/JPY and I'm a little mixed on whats going on with the pair. Weekly looks very bullish but H4 and Daily have an upthrust at the high.

I think I'm going to let the short trade ride and see where it goes, and for that I'm done for this week, Wednesday is a holiday and Friday is NFP.
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  • #32,032
  • Jul 3, 2019 4:04am Jul 3, 2019 4:04am
Missed this trade
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  • #32,033
  • Jul 3, 2019 8:01am Jul 3, 2019 8:01am
Asia was hit with sellers and now it looks like the bulls on EUR/CAD finally left, see you at 1.44.

Daily chart is interesting, the pair has been in a sideways market since Feb, looks like its finally breaking down.
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  • #32,034
  • Jul 3, 2019 9:10am Jul 3, 2019 9:10am
EU M1 SOW, looking to short
  • #32,035
  • Jul 3, 2019 9:19am Jul 3, 2019 9:19am
Quoting Alf Ralf
EU M1 SOW, looking to short
yesterday on M30 looks like EU was sold hard.
  • #32,036
  • Jul 3, 2019 9:48am Jul 3, 2019 9:48am
EUR/CAD M15 chart, quick 20 pip scalp back to to the lows.. Pair just got hit with a ton of supply.

We knew there was an old bottom at 1.4750 from Sept 2018, I think this little rise in price was stop losses getting hit.
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  • #32,037
  • Jul 3, 2019 10:03am Jul 3, 2019 10:03am
Cheeky UT on the M30
No result after effort on the M1 break
Still short
  • #32,038
  • Jul 3, 2019 10:06am Jul 3, 2019 10:06am
Quoting Anotan
{quote} yesterday on M30 looks like EU was sold hard.
Difficult to say, looks like in a bit of a range to me
  • #32,039
  • Jul 3, 2019 10:23am Jul 3, 2019 10:23am
Quoting Anotan
EUR/CAD M15 chart, quick 20 pip scalp back to to the lows.. Pair just got hit with a ton of supply. We knew there was an old bottom at 1.4750 from Sept 2018, I think this little rise in price was stop losses getting hit. {image}
Easy money, nice change of pace from the past two days.
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  • #32,040
  • Jul 3, 2019 10:30am Jul 3, 2019 10:30am
If traders simply looked for this pattern on the higher timeframes (M30+), they are more likely than not, able to find a turning point, especially if it's at a previous top or bottom.
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