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  • #2,561
  • Jul 31, 2009 2:09pm Jul 31, 2009 2:09pm
Quoting lumesh
hehe, no worries, reversal is official now:

Obama announced that the recession is over.
--

Nice recipe for the soup-i think they are trying to make it
bounce--be careful if you are gonna trade it--i have the
the possibility at 9600--but if this cat can stay up to13,200,
then maybe its a bull market----don't even think that far yet--
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  • #2,562
  • Jul 31, 2009 2:14pm Jul 31, 2009 2:14pm
Quoting LasVahGoose
I can appreciate what you are saying. I've only been trading 9 months or so and I probably need to get proficient in the 2 methods I'm using now, before adding a 3rd. I may have 1 too many methods for being a noob, but I'm on daily & 4 hr time frames.

Sounds like VSA is working for lots of folks, I just don't want to get in the system hopping game. It does sounds like from what are you saying that VSA is used as a confirmation method on top of what you already use. With the James16 method it is a lot of price rejection reversal type trading and...
i only use VSA++
my equipment--- plus MTM and VSA pdf files
accumulation==markup==distribution==markdown---re-accu/re-distrib--and that's pretty much it..
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  • #2,563
  • Jul 31, 2009 2:18pm Jul 31, 2009 2:18pm
Quoting malcolmb14
got to love those low vol tests

added another 25 pip to my bag on this one . already a 65 pip asian session and just warming up

Attachment
Your low volume test down bar was a low volume up bar on my metatrader. In fact, it was a low volume up bar on several metatrader installs that I have, including alpari, ibfx, forex.com and fxcm. *boggle*.

I've attached a chart from my ibfx demo so you can see for yourself.
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  • #2,564
  • Jul 31, 2009 2:20pm Jul 31, 2009 2:20pm
Quoting daffy
Your low volume test down bar was a low volume up bar on my metatrader. In fact, it was a low volume up bar on several metatrader installs that I have, including alpari, ibfx, forex.com and fxcm. *boggle*.

I've attached a chart from my ibfx demo so you can see for yourself.
lets see ... no offence

esignal superior 300 data source feed .. to crappy IBFX feed ...lol

which is better?
Blogging daily now at www.volume.zone
  • #2,565
  • Jul 31, 2009 2:21pm Jul 31, 2009 2:21pm
Quoting daffy
Your low volume test down bar was a low volume up bar on my metatrader. In fact, it was a low volume up bar on several metatrader installs that I have, including alpari, ibfx, forex.com and fxcm. *boggle*.

I've attached a chart from my ibfx demo so you can see for yourself.

i see .. you missed something very critical there ... look at prior bar to one you marked
Blogging daily now at www.volume.zone
  • #2,566
  • Jul 31, 2009 2:27pm Jul 31, 2009 2:27pm
Quoting malcolmb14
lets see ... no offence

esignal superior 300 data source feed .. to crappy IBFX feed ...lol

which is better?
heh yep, i know, i know, but, there are times when I've been seeing low volume up bars, where you would think SM should be testing, so it kind of got me to thinking whether you should be making allowances for when you are using metatrader as your platform and look at bars for semantics, rather than strict adherence.
  • #2,567
  • Jul 31, 2009 2:29pm Jul 31, 2009 2:29pm
Quoting malcolmb14
i see .. you missed something very critical there ... look at prior bar to one you marked
Are you pointing out a higher volume down bar but with no follow through on the next bar?
  • #2,568
  • Jul 31, 2009 2:35pm Jul 31, 2009 2:35pm
Quoting daffy
Are you pointing out a higher volume down bar but with no follow through on the next bar?
yup ... that showed the buyers .... no follow thru on high vol down bar
Blogging daily now at www.volume.zone
  • #2,569
  • Jul 31, 2009 2:37pm Jul 31, 2009 2:37pm
Quoting malcolmb14
yup ... that showed the buyers .... no follow thru on high vol down bar
Thanks mal.
  • #2,570
  • Jul 31, 2009 6:51pm Jul 31, 2009 6:51pm
Mal, what skype session was that - Is it public skype room ?



Best,
Tom



Quoting malcolmb14
hope you enjoyed skype session yesterday ....

if you can put two bucks / copis market profileo n charts .. it will give you nice lines to work around

Attachment
  • #2,571
  • Jul 31, 2009 10:59pm Jul 31, 2009 10:59pm
Quoting tfflyer
Mal, what skype session was that - Is it public skype room ?



Best,
Tom
no tom was just helping A game along abit. ... doing a couple of live trades with him
Blogging daily now at www.volume.zone
  • #2,572
  • Aug 1, 2009 4:04am Aug 1, 2009 4:04am
If there would be possibility to join some day also skype with You and others,
i would

Thanks.

Best,
Tom


Quoting malcolmb14
no tom was just helping A game along abit. ... doing a couple of live trades with him
  • #2,573
  • Aug 1, 2009 11:28am Aug 1, 2009 11:28am
Are you saying that the FX volume for Esignal shows volume of all 300 data sources at one time?? If so that is a huge advantage. What is the average on a typical 5m bar for EURUSD? I'd like to compare that to my NinjaTrader MBT feed.

Thanks,
Brent


Quoting malcolmb14
lets see ... no offence

esignal superior 300 data source feed .. to crappy IBFX feed ...lol

which is better?
  • #2,574
  • Aug 1, 2009 8:59pm Aug 1, 2009 8:59pm
thanks guys (twobuckchuck, copi, malcolmb) for your discussions/indi on market profile! have been going through a thread on traderslab that others have posted (Trading With Market Statistics) that talks about POC in conjunction with VWAP. I was wondering if you guys knew if VWAP for MT4 is implemented somewhere? You could argue though that we can guess if the VWAP is above or below the POC (enough to determine the direction of a high probability trade) but of course something accurate is preferred...
  • #2,575
  • Aug 3, 2009 4:14am Aug 3, 2009 4:14am
Hi, Forexflash


Greetings!


Your TicksSeparateVolume indicator created is wonderful; I believed many traders have been advantaged using it as Volume Data. I really like this indicator.

Would that be advisable for you to create “A Summary different of Buy Sell Volume" show on the indicator.

I will be grateful if you can look into my request, you effort is greatly appreciated.

Harrytn



Quoting FOREXflash
Here is another toy I coded......we know the volume in forex is based on ticks, either bid or ask....this indicator will show you both of them,
buy and sell pressure volume.

Enjoy
  • #2,576
  • Edited 12:35pm Aug 3, 2009 8:49am | Edited 12:35pm
Quoting LasVahGoose
Hello,
I'm already trading the J16 & Jacko methods and before I dive into VSA and put in the time to learn it, I just wanted to know quickly if VSA would compliment the J16 method or other methods or is it better to use VSA as a standalone method?
Quoting LasVahGoose
.....
Sounds like VSA is working for lots of folks, I just don't want to get in the system hopping game. It does sounds like from what are you saying that VSA is used as a confirmation method on top of what you already use. With the James16 method it is a lot of price rejection reversal type trading and maybe VSA can help provide a stronger signal on which reversals are strong and which are weak?...
Welcome to the VSA thread.
I believe my post/s /our discussion (here, here, here) in the james16 thread influenced u to drop by. i hope soon u will realize that u were glad that u did.
i mainly concentrate on J16 method too, so i know how u feel.
i have been slowly incorporating VSA with my trades.
Like i always say, J16 + other methods/system = fantastic!
j16 always compliments other methods since J16 is very basic. to me it's like the root/trunk of a tree.

not many people believe in Forex having volume, but u see trading j16 is literally trading volume. why? take for example a Pinbar. a pinbar shows a possible reversal: sellers have overtaken the buyers; or selling pressure was huge, pushing price down to the open or sometimes even below the open. j16 traders have always been reading volume without knowing &/or acknowledging it!

what i can say is PPZs/ S&Rs is the "where", VSA can tell u "when" (pinpoint --early-- entries). yes, VSA can be used as confirmation tool for james16 method/PA setups. VSA shows u the background setup: shows u accumulation or distribution (buying/selling) in the past several bars.

btw, i think most VSA traders here trade M5-H1. just FYI.

read post #1 here. get/read the Master the Markets ebook there too.
u can visit the VSA chatroom too & see real-time discussions. i visit the chatroom from time to time.
read most/all posts by malcolmb14, islander, shamus, copi88, twobuckchuck, Yuppie, & others here.

Quoting malcolmb14
trust me .... I have been trading VSA 18 months .... wow what a differecne . Before VSA I struggled for 5 years to break even each year. ALL other systems are lagging . With vsa you can can get pin point accuracy on entries. since finding vsa 2 k to 6 figures.....
excellent. thanks for sharing malcolmb.
  • #2,577
  • Aug 4, 2009 10:02am Aug 4, 2009 10:02am
alright, i need some feedback from you guys... does this make any sense?
i just saw a volume spike on 30min/h1, which in this case would mean that sellers are keeping g-j from going up atm. if today's low will give way, 158.30/10 would be next - based on previous configuration of volume spikes.
what do you think?
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Nihil Sine Deo.
  • #2,578
  • Aug 4, 2009 10:06am Aug 4, 2009 10:06am
Quoting Scrat
alright, i need some feedback from you guys... does this make any sense?
i just saw a volume spike on 30min/h1, which in this case would mean that sellers are keeping g-j from going up atm. if today's low will give way, 158.30/10 would be next - based on previous configuration of volume spikes.
what do you think?

sounds good other than buyers in background 160 ....

and that volume spike only got 50 pip retrace , so yes sellers hitting market but still seems buying interest 161 , could go as high as 162

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Blogging daily now at www.volume.zone
  • #2,579
  • Aug 4, 2009 10:22am Aug 4, 2009 10:22am
Quoting TwoBuckChuck
I had modified the market profile mt4 indi for my own use a while back, some may find this update useful. This is not an extension of the previous one, the POC lines are the same as the original.

The settings are as follows:

StartDate = The date to start the profiler (only applies if ShowToday is false)

ShowToday = show today's profile (remember it will be incomplete)

CountProfile = Number of days back to show the profiler

SkipSundayData = skips sundays (set to false if your broker has no sunday bars)

Asia_Color = The color of the Asia...
Twobuck--funny name..lol
great profile--but do you have the parameter settings for the
VAH and VAL lines too, other than the POC lines--am using
the 80% rule, but i keep manually marking the lines
(ex below 161-160-pure guess work)

thnks.

BTW--beautiful accu. below(tf5)-- noway that thing is not
going to the other side....
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  • #2,580
  • Aug 4, 2009 10:25am Aug 4, 2009 10:25am
got it. thanks malc!
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Nihil Sine Deo.
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