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  • #961
  • Edited 5:51am Apr 26, 2009 5:25am | Edited 5:51am
Quoting malcolmb14
while Forex flash is one of the best programmers I have seen blindly following indicators , no matter what they are will lose you money . If you do not understand the concept of VSA and learn what vsa is and how to read volume then even something as simple as the better volume indicator will lose you money .

here is chart of usdchf with forexflashes new indie on it ..follow it blindly and lose money , learn how to trade vsa without indicators and then use the indicator to help you get into a trade in the direction the pros are entering the market...

I appreciate your concern, however, this is just the frosting on the cake-- I use volume coupled with "Wick/Candlestick" theory to trade.

And I don't enter on a 5M chart---- I use it as a reference to see what the 15M candle is comprised of.

Here's a pic of my 15 M chart--zoomed in to see the comments.

I'm also not looking to catch all the pips of a move--- only some.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 31 KB
  • #962
  • Apr 26, 2009 7:57am Apr 26, 2009 7:57am
Quoting FOREXflash
Malcomb14 you are right....and I know that I said a few times already that
Im done with coding for VSA....but when I code something, I just want to
share that.....I will be extremely happy to code a good VSA indi that
will make money for all off us here!

I know that holy grail is within us, and not in some indicator.
One must realy learn and understand VSA to trade it totaly naked,
and be very profitable with it.
Here, I made this text document for me as a study project,
it is a shorted version of Master the markets that have all the
needed...
Hello Flash,

Thanks a lot for all your contributions. They are great and you are a great programmer.

I just have the following question. Could you maybe code in MT4 the renko indicator the way it is shown in other software packages, so that all indicator calculations made tick by tick within the same renko box to be summed up (cumulated) till the renko box changes to a new one ?

There are two software packages I’ve seen it to be coded the right way. It’s the Metastock and the Visual Trader but there is nothing similar for MT4. The main advantage of having it, is that all these VSA indicators could be calculated (cumulated tick by tick) based on the renko price action instead of the time frame candle. Just an example to explain it . If for example a Renko shows a Positive box and all the tick calculations inside this box show that sellers tick volume is higher than Buyers tick volume then this is an indication for market reversing. It’s just an other view of the calculations. They are made according the Renko price action and are not based on any time frames. If you wish i can deliver you the code for the renko indicator, but it needs to add this cumulating feature and modify the chart according to that.

Thanks a lot
Nick
  • #963
  • Apr 26, 2009 8:04am Apr 26, 2009 8:04am
Quoting Willowgal
......

I personally, don't have time to go into the chat room and also when I have been in there has been nothing of any help being talked about in there. Also, you can't post a chart up in there so I have left it alone.

I am trying to learn 'pure VSA' as I am sure many others are so why can't we all start reverting to posting charts again IN HERE ?

......
Hi WG,

Just a point: It is possible to post a chart in the chatroom - it's just not as easy as in the thread.

Like you, I am trying very hard to learn how to trade VSA naked (a la Malcolm). I have spent quite a bit of time in the chatroom recently and I have to say the help people give you in there is superb. But it is learning trades in real time, i.e. everything is quickfire.

To get the most benefit, I found you have to be watching GU because that's where the chat is usually concentrated. But who cares what pair we're watching if we are truly learning.

There is also a parallel with fishing - you have to be patient during long periods when nothing is happening. Then, like when you get a bite and a successful strike, the action is fast and furious.... several different voices giving interpretations of the volume and PA against the current background, discussing entry strategies and TPs while at the same time answering requests for explanations of what has been going on.

Summary: I think there's a place for both. Chatroom for that "immediate" live trading environment. This thread for more leisurely in-depth consideration of VSA setups (hopefully via uploaded charts).

G
  • #964
  • Apr 26, 2009 8:42am Apr 26, 2009 8:42am
I tend to agree with Grath and think there's a space for both thread and chat.

I've followed the thread since its beginning, as well as NYSE's thread before that... and think everything you need to learn is already in here.

If one reads the all thread, analyses its examples, follows its recomended readings... as I have, a time comes whem you feel there's not much more to learn from "non live" examples (as in here), in which everything seems so easy to spot, now that the chart's development has unfolded... and you will have more to gain in the chat, where everything has to be spotted live and decided under pressure.
Of course there's a lot of "dead" time in the chat (because of dead price action, lack of traders in the chat, time of the day, etc), but that's natural.

So my opinion is:
Both have their propper space.
- Thread to "starters", early stages of learning, new comers, etc;
- Chat to interiorize the thread's teachings, and to put it to test in live mode.
  • #965
  • Apr 26, 2009 8:45am Apr 26, 2009 8:45am
Quoting nick
Hello Flash,




There are two software packages I’ve seen it to be coded the right way. It’s the Metastock and the Visual Trader but there is nothing similar for MT4. Nick
What is the name of indicator in Visual trader?

Thank you
The Market pays you to be disciplined
  • #966
  • Apr 26, 2009 9:01am Apr 26, 2009 9:01am
hello guys,

can somebody share that rsx indicator for mt4 please.

thanks in advance,
tex
  • #967
  • Apr 26, 2009 9:06am Apr 26, 2009 9:06am
Quoting mima
What is the name of indicator in Visual trader?

Thank you
Mima,

Sorry i was referring to Visual Chart and not VT. Indicator is maybe the wrong expression. It's a price type. Instead of bars or candles you just see the renko chart and all indicators are calculated as a cumulation of all ticks inside the same renko box. In Visual Chart you should just choose the price type Renko.

Nick
  • #968
  • Apr 26, 2009 9:30am Apr 26, 2009 9:30am
Quoting ad2008
Thank you for Remainder,

Price & Volume Divergences TS give us the VSA Backround qq Bullish and Bearish Volume, which is not found in Better Volume Indicator.

How do you draw horizontal-line with 2-3 color(Aqua etc) ? Are they Yesterday close/High, Last week Close/high or 2-3 top/bottom Trendlines as S/R ?

Cheer,
---------------------------------

qoute :
"What is Bullish & Bearish Volume?
There are only two basic definitions for bullish and bearish volume:
1. Bullish volume is increasing volume on up moves and decreasing volume on down moves.
2....

the aqua , brown blue line are the volume histogram for london to asia session . I have my charts set up so that a new day begins midnight my time , london open
Blogging daily now at www.volume.zone
  • #969
  • Apr 26, 2009 9:32am Apr 26, 2009 9:32am
Quoting FOREXflash
Malcomb14 you are right....and I know that I said a few times already that
Im done with coding for VSA....but when I code something, I just want to
share that.....I will be extremely happy to code a good VSA indi that
will make money for all off us here!

I know that holy grail is within us, and not in some indicator.
One must realy learn and understand VSA to trade it totaly naked,
and be very profitable with it.
Here, I made this text document for me as a study project,
it is a shorted version of Master the markets that have all the
needed info...
do not get me wrong ... not putting you down when i made comments on your new indie ... you are by far the very best programmer I have ever seen .
Blogging daily now at www.volume.zone
  • #970
  • Edited 9:50am Apr 26, 2009 9:33am | Edited 9:50am
Malcomb, I decided not to cluter this thread with no more indicators.....
but I will post regulary my charts for GJ & GU with detailed explanations
what is happening and what could happen using naked VSA analysis!
Hope you will be throwing comments regarding my analysis.
And regarding the new indi, you are totaly right!!!
Thanks for good comments.

Respect
forexflash
  • #971
  • Apr 26, 2009 9:54am Apr 26, 2009 9:54am
Quoting tex
hello guys,

can somebody share that rsx indicator for mt4 please.

thanks in advance,
tex
here an indicator i have. I hope it's the right one.
Attached File(s)
File Type: mq4 RSX.mq4   4 KB | 691 downloads
  • #972
  • Apr 26, 2009 9:55am Apr 26, 2009 9:55am
Quoting Grath
Hi WG,

Just a point:...

I trade like i fish .... I use the throw stick of dynamite technique for both
Blogging daily now at www.volume.zone
  • #973
  • Apr 26, 2009 10:00am Apr 26, 2009 10:00am
Quoting FOREXflash
Malcomb, I decided not to cluter this thread with no more indicators.....
but I will post regulary my charts for GJ & GU with detailed explanations
what is happening and what could happen using naked VSA analysis!
Hope you will be throwing comments regarding my analysis.
And regarding the new indi, you are totaly right!!!
Thanks for good comments.

Respect

can help you develop the new indie ..... just PM me with your email .... I will try once or twice a week to look back at the chart for the day and high lite some trades and see how the indie worked. It seems good but needs a little more development. Maybe between the 2 of us we can nail it down
Blogging daily now at www.volume.zone
  • #974
  • Apr 26, 2009 10:05am Apr 26, 2009 10:05am
Quoting malcolmb14
can help you develop the new indie ..... just PM me with your email .... I will try once or twice a week to look back at the chart for the day and high lite some trades and see how the indie worked. It seems good but needs a little more development. Maybe between the 2 of us we can nail it down
Great....check your PM.
Regards
forexflash
  • #975
  • Apr 26, 2009 10:08am Apr 26, 2009 10:08am
Friday was some interesting action on the 60 min at 142.20 zone for gj , which was also the point of control for Thursday.

we seem to be having some stopping volume in that area.

today I will watching for a test of support at 142.20 and if this hold then going long, other than that will be looking for selling into the 141.20 zone

currently drawing pivot using the last 60 min candle of Friday we have 142,50 is pivot , 141,20 as s1 and 139.80 as s2 .

141.20 is good support for gj , and we have seen buying coming in every time we hit that level. If 141.20 is broken 140.60 and then 139 are downside targets for gj , however currently we seem to be in range 141.20 to 144.5

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN38.png Size: 205 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gj60.jpg Size: 220 KB
Blogging daily now at www.volume.zone
  • #976
  • Apr 26, 2009 10:19am Apr 26, 2009 10:19am
Quoting malcolmb14
that move down into support 141.30 zone was an easy long as there was a classic no selling pressure

Attachment
hey bro, I'd like to dedicate this post specially to thank you for all the effort you offer trying to teach us what many people decided to keep it secret, the concept of activity (supply and demand) and its relation to the spread, its quite inspiring, hope you'll be rewarded for your good work, keep the good work up bro!
I recommend you read something else as this sentence is now concluded.
  • #977
  • Apr 26, 2009 10:48am Apr 26, 2009 10:48am
Quoting malcolmb14
can help you develop the new indie ..... just PM me with your email .... I will try once or twice a week to look back at the chart for the day and high lite some trades and see how the indie worked. It seems good but needs a little more development. Maybe between the 2 of us we can nail it down
With both your brains working together we all wait with serious interest !!

  • #978
  • Apr 26, 2009 11:29am Apr 26, 2009 11:29am
Quoting FOREXflash
Malcomb14 you are right....and I know that I said a few times already that
Im done with coding for VSA....but when I code something, I just want to
share that.....I will be extremely happy to code a good VSA indi that
Enjoy your read.
hows you with Prolog and Lisp?
I recommend you read something else as this sentence is now concluded.
  • #979
  • Apr 26, 2009 11:38am Apr 26, 2009 11:38am
my webcam is still on--lol--gotta peek alittle
Attached Image
  • #980
  • Apr 26, 2009 12:41pm Apr 26, 2009 12:41pm
Quoting taomql4

Everybody feel free to throw your tomatoes--but am going to say something that most people don't like to say or beleive--


But HOLYGRAILs do exist and you can find them in YES-indicators and EA's-i say these because i have one--(don't ever you quit on them)-or continue to explore them.
Really made my Sunday night .... great comedy !!
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