That the dow is heading into the crapper
not exactly .. you see there is also signs of buying on a weekly chart ....
so i think we see a down day Monday , maybe , and then take it from there
Blogging daily now at www.volume.zone
Learn to Trade using VSA (Volume Spread Analysis)
- #1,101
- Mar 13, 2009 3:08pm Mar 13, 2009 3:08pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
- #1,102
- Mar 13, 2009 3:10pm Mar 13, 2009 3:10pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #1,103
- Mar 13, 2009 3:16pm Mar 13, 2009 3:16pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #1,104
- Mar 13, 2009 3:18pm Mar 13, 2009 3:18pm
- Joined Aug 2007 | Status: Always trying... | 1,918 Posts
Living the adventure in my head.
- #1,105
- Mar 13, 2009 3:19pm Mar 13, 2009 3:19pm
- Joined Aug 2007 | Status: Always trying... | 1,918 Posts
Living the adventure in my head.
- #1,106
- Mar 13, 2009 3:33pm Mar 13, 2009 3:33pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
the problem is that can be a lot of waiting.....
this was just tokyo ... 4 trades .. not much waiting..
Blogging daily now at www.volume.zone
- #1,107
- Mar 13, 2009 7:06pm Mar 13, 2009 7:06pm
if you wait for just those upthrust on high vol or stopping vol on high vol .. i bet you could get 95% .Do you think you could take 50 realtime trades based on the same principles and and turn a profit?
I am pretty sure you couldnt.
That , if any EA is to be written , is one that should be focused on , just trading those two candle / volume set ups
I read all the thread last month, read and re-read the pdf doc, checked the chat room a few times, and started trading it...
And guess what? I have strings of +20 winning trades in a row, basically doing as malcolmb states above;
R:R is something I almost forget with this method, because I'm almost instantely in profit
I usually place an initial stop at 15 pips, and when I hit +15, I move stop to BE - sometimes I might get stopped there too early (the trade would continue my way), but that's a price I'm willing to pay in order to never let a winner turn into a loser - and when trade goes my way, I give more room to the SL, to let the trade breathe (unless I read in the chart that the conditions are turning).Being aware of the background's PA and volume, in higher TF also, reading the TF I trade, being aware of S&R areas, etc... resulted in having trades of +1 to +100 pips of range (but averaging around 20 pips per trade).
And until now, no need to stay in front of the computer all day...
1 or 2 hours in the morning... 1 or 2 hours in the afternoon (I'm GMT). That's it.
Congrats to all successfull users of the VSA methods, and to Damon, Malcolmb and Islander for their insights (among others).
PS:
The reason I haven't come forward before is my lack of time to post...
But probably that will change next month, and in that case I will certainly participate with you guys, both here and in the chat.
So see you all soon
- #1,108
- Mar 13, 2009 7:42pm Mar 13, 2009 7:42pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
I wouldn't believe it to be possible... until I found this thread, and saw the account's statements
I read all the thread last month, read and re-read the pdf doc, checked the chat room a few times, and started trading it...
And guess what? I have strings of +20 winning trades in a row, basically doing as malcolmb states above;
R:R is something I almost forget with this method, because I'm almost instantely in profit
Welcome to the world of pit-bosses/floor traders---
- #1,109
- Mar 13, 2009 8:19pm Mar 13, 2009 8:19pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
annd when you become a true Jedi---all you are gonna need are your chart candles----
- #1,111
- Mar 13, 2009 10:21pm Mar 13, 2009 10:21pm
funny...my trades were selling GU. I will have to look more closely into volume bars being stronger in up direction of down. Thanks for the info.....
BINGO! I think you now see what I was referring to when I said it could be used as a bias filter for setting your UR and LR, etc. Malcolmb does a better job of spelling it all out than I do. Not a change to what you are already doing, but a bigger picture filter to give more insight. Nothing more, nothing less.
- Bowen (a.k.a. Wolf)
- #1,113
- Mar 14, 2009 4:31am Mar 14, 2009 4:31am
Regarding my last code I posted here(VOLUME SWINGS & SR LEVELS)......
Richard Wyckoff rules!(by Tim Ord)
A very interesting article.
Well done with the indicator also - is there a reason why the volumes are swing out or can this be changed for ease of reading it.
Nice one ... could the 3%/8% required volume levels be displayed on screen when approaching a SR level ?
Regarding my last code I posted here(VOLUME SWINGS & SR LEVELS)......
Richard Wyckoff rules!
While i thank u 4 ur precious contribute id like point out a problem (at least so it seems to me) in last indy from u.
As far as I understand original ord volume indy shows the average volume in every swing while in urs the only reverse candle volume is shown ...could u fix this plz whenever u have time?
Always grateful. CORVOGRIGIO
PS Hints to modify ur file are also welcome if u r in lack of time or not in the mood to modify it further.
PS2 in my opinion it would be nice if volume's yellow figures would be placed in the middle of swing instead of top n bottom.
- #1,115
- Mar 14, 2009 10:33am Mar 14, 2009 10:33am
- | Joined Aug 2008 | Status: Trader | 1,210 Posts
very usefull thread !! hope to get time to read if from beganing
Never sell @ lower upward channel unless breacked and vise versa .
- #1,116
- Mar 14, 2009 12:10pm Mar 14, 2009 12:10pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
Forexflash is like a candy store--
--i have been looking for a more detail explanation on swing volumes--saw one on forex-tsd(lame--not enough)--
But like morgan freeman in shawshank redemption--you've come through once more.
Thanks.
--i have been looking for a more detail explanation on swing volumes--saw one on forex-tsd(lame--not enough)--But like morgan freeman in shawshank redemption--you've come through once more.
Thanks.
