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  • #981
  • Apr 26, 2009 1:03pm Apr 26, 2009 1:03pm
OK taomql4,

But you said it all in this sentence:
Quoting taomql4
the ea is based on MACD--so until the market flattens --this EA will continue to make money--period
I've seem spectacular EAs on trending market, and fantastic ones on ranging market... but I haven't seen any doing good work on both, meaning generally, those who win on one, loose on the other... or have only median performance on both.

To be a "holygrail", it would have to do something like that on all markets' conditions... because market isn't permanently trending nor ranging.

Don't get me wrong, I'm only leaving a "heads up" about EAs to new comers in this world... I too have been a great fan of EAs, and am still a fan of all that programming and investigating stuff

But let's try to stay on topic guys, ok?
  • #982
  • Apr 26, 2009 1:42pm Apr 26, 2009 1:42pm
Quoting taomql4
Glad to see you enjoy it---

OKAY--if holygrail is too strong of a word
Isn't it two words usually ?

  • #983
  • Apr 26, 2009 2:20pm Apr 26, 2009 2:20pm
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.

Little story--i was in some thread -here on forex factory--putting down ea's and indicators--when to my surprise--some dude pmed me this EA he developed with a partner on his thread(made me swear up and down not to release it--stupid--don't...
I had an EA for a system i used to use .....made 5000 % then lost more than that ...
Blogging daily now at www.volume.zone
  • #984
  • Apr 26, 2009 2:23pm Apr 26, 2009 2:23pm
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.

Little story--i was in some thread -here on forex factory--putting down ea's and indicators--when to my surprise--some dude pmed me this EA he developed with a partner on his thread(made me swear up and down not to release it--stupid--don't...

wot max draw down 13% !!!!!! wow 20 something trades for 30% profit....mmmm something wrong with the money management of this EA .. .I can make an EA that dopes not have a stop loss and will hold the trade till it comes back to profit ... that is easy to do .... it is called do not risk more than 0.05% of account flip a coin heads sell , tails short,

show me an EA that manages risk ...not 13% max draw down and I will be impressed

I can make an EA with forexflash that would be 70% accurate just using the 50 sma
Blogging daily now at www.volume.zone
  • #985
  • Apr 26, 2009 2:46pm Apr 26, 2009 2:46pm
Quoting FOREXflash
....

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 with pictured explanations how to trade VSA.
This text is a must for anyone here!!!
(the atached files are RARs, but I needed to rename them to zip, so change that before uncompresing them)

Enjoy your read.

Not sure why no one has commented on this post yet but your VSA doc is awesome!!!!!! I for one applaud your contribution (indicators too).

In regards to chat vs thread.... Are you stoned? lol (that was a joke for those among you with no sense of humor)

The purpose of the thread is to compile the information and indicators in one concise post (the main one) then discuss what you have learned or ask questions on parts you're not sure of. As someone here suggested already the chat is to hone your skill in *real time* with others that are learning. If you've found nothing useful from the chat you are entering at the wrong times.

It isn't a one thing vs. the other they are both useful and both have their place in learning how to apply VSA in their trading, and for those not able to chat that's fine keep posting to the thread.

As for indicators I have nothing against them at all. I just think they detract from the main purpose of this thread which is learning to read charts without the use of indicators.

Volume based indicators and indicators that seek to identify key VSA signals are encouraged I only suggest as I have already to Thatwasme... If you post an indicator please also post a clear example (chart or text) that shows how to use it. This way it cuts down on indicator questions such as how they are used etc.


The main reason for the chat room is a particular trading style or method of learning doesn't fit everyone. You have a few options here to learn and trade VSA so get to it.

See you in Asia.
The trend always ends.
  • #986
  • Apr 26, 2009 3:07pm Apr 26, 2009 3:07pm
Quoting Willowgal
Isn't it two words usually ?

OKAY--haha ha williowgal--i see you are very happy this weekend--is it the weather?--thats okay--i can take it---
  • #987
  • Apr 26, 2009 3:10pm Apr 26, 2009 3:10pm
Quoting nick
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
Well, yes it exist in Visual Trader as chart type...It is not indicator.
The Market pays you to be disciplined
  • #988
  • Apr 26, 2009 3:16pm Apr 26, 2009 3:16pm
Hello

I am looking for pivot point indicator that show pivot point lines only for current day not for entire chart. If someone has it Iwould appreciate if post it...
Thank you in advance
The Market pays you to be disciplined
  • #989
  • Apr 26, 2009 3:19pm Apr 26, 2009 3:19pm
Quoting mima
Hello

I am looking for pivot point indicator that show pivot point lines only for current day not for entire chart. If someone has it Iwould appreciate if post it...
Thank you in advance

Check the first post.
The trend always ends.
  • #990
  • Apr 26, 2009 3:48pm Apr 26, 2009 3:48pm
Quoting tonirai
OK taomql4,

But you said it all in this sentence:

I've seem spectacular EAs on trending market, and fantastic ones on ranging market... but I haven't seen any doing good work on both, meaning generally, those who win on one, loose on the other... or have only median performance on both.

To be a "holygrail", it would have to do something like that on all markets' conditions... because market isn't permanently trending nor ranging.

Don't get me wrong, I'm only leaving a "heads up" about EAs to new comers in this world... I too have been...


You're misunderstanding this EA a bit. As i see it, this one uses 6 pips TP so don't really give a crap whether the market is trending or not. Actually,most EAs are developed as scalping systems as far as i've seen.

I do believe that at some point in time it is possible to make money with EAs but as malcolmb put it, it can't be forever. Sooner or later it stops working as many have done. So if it's working now, great, put all in, get out and run .

Malcolmb, those previous days high volume levels are from futures market contract volume or tick accumulations of spot market ?
  • #991
  • Apr 26, 2009 3:51pm Apr 26, 2009 3:51pm
Quoting lumesh
You're misunderstanding this EA a bit. As i see it, this one uses 6 pips TP so don't really give a crap whether the market is trending or not. Actually,most EAs are developed as scalping systems as far as i've seen.

I do believe that at some point in time it is possible to make money with EAs but as malcolmb put it, it can't be forever. Sooner or later it stops working as many have done. So if it's working now, great, put all in, get out and run .

Malcolmb, those previous days high volume levels are from futures market contract volume or tick...

tick accumulation of spot market
Blogging daily now at www.volume.zone
  • #992
  • Apr 26, 2009 3:55pm Apr 26, 2009 3:55pm
Quoting mima
Well, yes it exist in Visual Trader as chart type...It is not indicator.
Yes, they are there but it's not possible to have indicators calculated or cumulated based on this renko price action or i don't see how to do it.
  • #993
  • Apr 26, 2009 4:24pm Apr 26, 2009 4:24pm
Quoting taomql4
i really didn't mean to throw this EA thing into the discussion--i was really making fun of some guy in the forum about EA's and i got pmed with it--i threw the thing in my expert folder and am just beginning to look at it--

he asked me to adjust and improve it if i wanted--gave me the sign sign...
ok max draw down 46 % ....wtf ... honestly 1 k account and a 500 draw down is mentally do-able. But try having a 200 k account with 100k draw down , you would close it before it made you your 10 pips. Why is easy ... it is much easier to recover from a $500 loss of wealth , try recovering form a 100 k loss.
Blogging daily now at www.volume.zone
  • #994
  • Apr 26, 2009 5:58pm Apr 26, 2009 5:58pm
Can the previous days high volume areas be used as support/resistance for the next day? Attached is a 30 min chart of gbp/usd with the highest volume 30 min bar on 4/23...it seems to offer support the next day.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 24 KB
  • #995
  • Apr 26, 2009 6:04pm Apr 26, 2009 6:04pm
Quoting RickW00716
Can the previous days high volume areas be used as support/resistance for the next day? Attached is a 30 min chart of gbp/usd with the highest volume 30 min bar on 4/23...it seems to offer support the next day.

Rick think about this for a while .. what is the max volume area represent ? once you have this figured out then you will have your answer
Blogging daily now at www.volume.zone
  • #996
  • Apr 26, 2009 6:52pm Apr 26, 2009 6:52pm
Quoting malcolmb14
Rick think about this for a while .. what is the max volume area represent ? once you have this figured out then you will have your answer
Hello malcolm i really love your post and try to study them as much as i can.I find them very informative and thus far the best example of pure VSA.Could i kindly ask you if you can post some of the trades you did last week using volume.I hope that this won`n be a problem for you and if it is i understand if you can`t do it.
  • #997
  • Apr 26, 2009 10:05pm Apr 26, 2009 10:05pm
Keep Posting with Chart with some Volume Price Divergence Trading examples.

Thank you for "hint" into pure VSA TS.

Cheers,



Quoting malcolmb14
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
  • #998
  • Apr 26, 2009 10:30pm Apr 26, 2009 10:30pm
A bunch of comedians in the chat tonight.
The trend always ends.
  • #999
  • Apr 27, 2009 12:34am Apr 27, 2009 12:34am
can some tell me whether i got my entry right?

did i read it correctly? there was no selling pressure after climax.
Attached Image (click to enlarge)
Click to Enlarge Name: m5 gj.gif Size: 34 KB
  • #1,000
  • Apr 27, 2009 6:12am Apr 27, 2009 6:12am
Quoting FOREXflash
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 with pictured explanations how to trade VSA.
This text is a must for anyone here!!!
(the atached files are RARs, but I needed to rename them to zip, so change that before uncompresing them)

Enjoy your read.
Hi My first post here and am enjoying the discussions very much. I have been researching Forex for around 7 months now and had hoped to go live trading by now but each time I think I have nailed down the essential principles I discover an area that is new to me such as VSA I am amazed it has take me so long to discover what seems to my limited understanding as pretty fundamental stuff. I have just read Master the markets and was about to try to extract all the salient points when I saw you had done this My only probelm is that the contents of the files seem to be corrupted After downloading I renamed tme to .rar and but when i tried to open the archive with 7 Zip I got a file is broken message

Could you please re upload

Thanks
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