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  • #361
  • Mar 27, 2009 9:06am Mar 27, 2009 9:06am
Quoting Willowgal
How can it be 'better' data .... is it just data from a different source.

We have already identified that the most similar data to e-signal from MT4 is IBFX.

:-)
Better because MB first is a ECN and second i think has more liquid.I`m not sure that`s why i`m asking because here best volume indication is crucial.
  • #362
  • Mar 27, 2009 9:35am Mar 27, 2009 9:35am
Quoting thatwasme
here are the improved versions. They will not revert back to defaults. I have set the default width at 2, but you can change them to any width you want to and they will stay put.
There are 7 numbers in the comment area of the indicator window. Curious to know what they are and whether they are providing useful data for analysis of the current bar.

G
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  • #363
  • Mar 27, 2009 10:00am Mar 27, 2009 10:00am
Quoting Grath
There are 7 numbers in the comment area of the indicator window. Curious to know what they are and whether they are providing useful data for analysis of the current bar.

G
Yes they do.Watch this video and you will see what they represents.

http://emini-watch.com/free-stuff/volume-indicator/
  • #364
  • Mar 27, 2009 10:30am Mar 27, 2009 10:30am
Thanks to all who have helped with this thread and NYSE on his thread, my timing and spotting moves has improved dramatically. But there are certain breakouts which still leave me baffled.

Malcom or anybody else, could you please offer some commentary as to your reasoning for the large upbar in the chart below. I thought that the move was going to go the other way seeing increased volume as the price gradually fell and then a nice long nosed pin bar.

Thanks

Madog
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  • #365
  • Mar 27, 2009 10:30am Mar 27, 2009 10:30am
This is how I used VSA together with the Sweet Spots (100s and 50s + a couple of 25s and 75s) to trade today.

Those in the chat room heard most of my trades in real time as we all discused the various possibilities.

The medium trend was down - price under the hourly 20 / 50 emas (green).

A combination of VSA and PA around the levels gave plenty of opportunities during the European morning and later there was some good range trading in the early NY session as price traded in the 4275 / 4350 channel.....
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Trading Levels with WRBs
  • #366
  • Mar 27, 2009 10:47am Mar 27, 2009 10:47am
Quoting teodosy87
Yes they do.Watch this video and you will see what they represents.

http://emini-watch.com/free-stuff/volume-indicator/

Hmmmm. Watched them before, but I went back and watched them again as per your suggestion. Didn't see any reference to the numbers.

G
  • #367
  • Mar 27, 2009 10:58am Mar 27, 2009 10:58am
Quoting Grath
Hmmmm. Watched them before, but I went back and watched them again as per your suggestion. Didn't see any reference to the numbers.

G
Sorry for that , i didn`t see your question clearly.These numbers i think should represent actual volume.
  • #368
  • Edited 11:30am Mar 27, 2009 11:17am | Edited 11:30am
Quoting Madog
Thanks to all who have helped with this thread and NYSE on his thread, my timing and spotting moves has improved dramatically. But there are certain breakouts which still leave me baffled.

Malcom or anybody else, could you please offer some commentary as to your reasoning for the large upbar in the chart below. I thought that the move was going to go the other way seeing increased volume as the price gradually fell and then a nice long nosed pin bar.

Thanks

Madog
Hi Madog,

The move could be attributed to speculative traders trading news releases on the M30 and H1 charts. Looking at the news on the home page of FF seems to support this for GBPCHF anyway.

10:30 CHF
KOF Economic Barometer
http://www.forexfactory.com/images/m...etail_star.gif -1.79
-1.55 -1.37http://www.forexfactory.com/images/m...us_revised.gif

On M5 chart move begins at around 10:30 GMT which explains this. You might consider looking at lower timeframes. I believe NYSE1982 trades on M15. I prefer to trade on M5, but then I use price action in conjunction with VSA.

Lim
  • #369
  • Edited 2:05pm Mar 27, 2009 1:50pm | Edited 2:05pm
I had a good time in the chat room last night. A big thanks to everyone. Did very well on 3 very big trades in EURUSD and one in GBPUSD.

I would have placed trades on GBPJPY and EURJPY, but that would have exceeded my maximum allowable % to reisk of my account. Such a dilemma to be in, LOL.

All of them were easy to see from the background and were well telegraphed. I used the H1, M15 and the M5 to setup the trades with.

As Malcomb said in the other thread, it was a great week.

Can post the charts if needed. Thanks again everyone who was there.
  • #370
  • Mar 27, 2009 1:54pm Mar 27, 2009 1:54pm
The numbers on the better volume chart are the volume associated with each color of bar that is displayed. They are meaningless and should be ignored, I have not figured out how to get MT4 to stop printing them to the screen. If it is important to anyone, I will put some thought into re-writing the indicator to remove the numbers.
  • #371
  • Mar 27, 2009 2:10pm Mar 27, 2009 2:10pm
i'd love to see the charts since i may join in the chat on monday with some questions
  • #372
  • Edited 2:35pm Mar 27, 2009 2:16pm | Edited 2:35pm
Well Ok, They are just my trades. I use a script to enter trades on Stop entries at the end of the entry bar plus one pip plus spread.

Here they are if it helps.

I just noticed something very interesting. Notice on the EURUSD chart there is a stopping volume bar, (red) that rested smack on the 38.2 retracement of the entire up move on the Daily chart, (the last chart).

The first trade in the EURUSD I closed a bit early, but at that time I was concerned about the usual reversal that happens at 8:15 GMT. As it turned out the reversal was very minor, but VSA gave me another opportunity with a good risk right at about 8:30 GMT that was opened at 09:11 GMT. So it worked out well.

The third trade was a no brainer, price came up and touched the bottom of the previous channel that had been going on in EURUSD since 03/19, (green line) and then formed a medium size upthrust with good volume.

I never consider placing trades against the predominate trend as shown in the Yellow trend line. I only trade with it.

I think that is about it.

Oh and the GBPUSD was a trade that a\had been talked about by everyone in the room. I think it speaks for it self.
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  • #373
  • Mar 27, 2009 2:41pm Mar 27, 2009 2:41pm
And then a close up of that stopping volume sitting on the .382 re-tracement
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  • #374
  • Mar 27, 2009 2:43pm Mar 27, 2009 2:43pm
Quoting thatwasme
Well Ok, They are just my trades. I use a script to enter trades on Stop entries at the end of the entry bar plus one pip plus spread.

Here they are if it helps.

I just noticed something very interesting. Notice on the EURUSD chart there is a stopping volume bar, (red) that rested smack on the 38.2 retracement of the entire up move on the Daily chart, (the last chart).

The first trade in the EURUSD I closed a bit early, but at that time I was concerned about the usual reversal that happens at 8:15 GMT. As it turned out the reversal was very...

missed over night move down . but have been trading the 60 pip range in gj and 9 point range in s es today ... been a really good day

the beauty is that no matter what there is always a trade set up in london or us sessions ...
Blogging daily now at www.volume.zone
  • #375
  • Mar 27, 2009 2:45pm Mar 27, 2009 2:45pm
Quoting malcolmb14
missed over night move down . but have been trading the 60 pip range in gj and 9 point range in s es today ... been a really good day

the beauty is that no matter what there is always a trade set up in london or us sessions ...
A big thumb's up to that. AGREED. BTW your posts have been indispensable. Thanks again for posting them.
  • #376
  • Mar 27, 2009 2:50pm Mar 27, 2009 2:50pm
chart speaks for itself .. high volume bars might as well of hit me over head with hammer

been 28 point day on ES .. insane !!!

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Blogging daily now at www.volume.zone
  • #377
  • Mar 27, 2009 4:58pm Mar 27, 2009 4:58pm
Hello all!

Great thread! Just finished reading it front to back, having been somewhat late to the party. Was contributing to NYSE's VSA thread about a month ago then left for a month-long trip only to get back and find all this great material.

Thanks to Shamus, Malcolm, Thatwasme et al for the great contributions.

Will drop into the chat next week. When are the most active sessions in there?

Cheers.

PS. @ Shamus: absolutely great avatar. It makes me laugh every time I see a post from you.
  • #378
  • Mar 27, 2009 5:13pm Mar 27, 2009 5:13pm
Hi

Just noticed this possibly interesting setup for next week. Its the USDCHF, I've attached both the Daily and the 4hr charts.

The large move up today was into a strong Resistanze Zone. The volume for today was lower than yesterday which, considering the size of today's move relative to yesterday, is suspicious.

On the 4hr notice how the day ends with a pin bar on low volume. Are we in for a drop on Monday?

I rest my case! All opinions gladly welcomed.

Madog
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  • #379
  • Mar 27, 2009 5:24pm Mar 27, 2009 5:24pm
Quoting Madog
Hi

Just noticed this possibly interesting setup for next week. Its the USDCHF, I've attached both the Daily and the 4hr charts.

The large move up today was into a strong Resistanze Zone. The volume for today was lower than yesterday which, considering the size of today's move relative to yesterday, is suspicious.

On the 4hr notice how the day ends with a pin bar on low volume. Are we in for a drop on Monday?

I rest my case! All opinions gladly welcomed.

Madog

i have seen topping in the indexes .... if this topping plays out ES heads back into 700 zone . Gold may get stronger , thus making chf stronger

gold finding support right now on 921 ....may rip to 970 next week
Blogging daily now at www.volume.zone
  • #380
  • Mar 27, 2009 6:32pm Mar 27, 2009 6:32pm
Quoting malcolmb14
chart speaks for itself .. high volume bars might as well of hit me over head with hammer

been 28 point day on ES .. insane !!!

Attachment
Wow... thats great. 28 ES points equals $1400. (per contract) Not a bad days work. http://www.forexfactory.com/images/icons/icon10.gif
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