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Trade Using VSA (Volume Spread Analysis)

  • #3,581
  • Oct 1, 2009 4:02am Oct 1, 2009 4:02am
Quoting tfflyer
High volume wide spread down with next candle up and also high volume - Waiting for retest and then long.

Best,
Tom
This caused the move:

2009.10.01 08:28:12 *UK Aug Mfg PMI Was 49.7 vs Forecast At 50.3

the way the brits pushed price up after LO makes one wonder how many had a heads up on the data...http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #3,582
  • Oct 1, 2009 4:08am Oct 1, 2009 4:08am
yet es looks like discount mode.sitting in "cover bull's butts" area

took 4p, reversed from supply line for a nice profit and now long again. globex these days is awesome.

current 5m bar has nice development in volume & spread, so still shows that bulls are fully in control imho.

i don't like predicting but still favor majorbull today....if i am wrong, i did not say anything
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  • #3,583
  • Oct 1, 2009 4:13am Oct 1, 2009 4:13am
Quoting tfflyer
High volume wide spread down with next candle up and also high volume - Waiting for retest and then long.

Best,
Tom
Well, I was short, not any more. Fortunately took my profit but did not manage to have a nice RR. On the long run I am doomed to failure like this.
Kind Regards zol
  • #3,584
  • Oct 1, 2009 4:21am Oct 1, 2009 4:21am
I was short, tooked some profits out. Was looking for long, as i said, but at the moment price went without me..


Best,
Tom
  • #3,585
  • Oct 1, 2009 4:25am Oct 1, 2009 4:25am
Dr.G.,
You look on 2 TF - 5 and 15 ? Or You look also on other TF ?

Thanks.

Best,
Tom

Quoting Dr.Geppynius
yet es looks like discount mode.sitting in "cover bull's butts" area

took 4p, reversed from supply line for a nice profit and now long again. globex these days is awesome.

current 5m bar has nice development in volume & spread, so still shows that bulls are fully in control imho.

i don't like predicting but still favor majorbull today....if i am wrong, i did not say anything
  • #3,586
  • Oct 1, 2009 4:30am Oct 1, 2009 4:30am
Quoting tfflyer
Dr.G.,
You look on 2 TF - 5 and 15 ? Or You look also on other TF ?

Thanks.

Best,
Tom
discretionary, nothing fixed. like i said few times before, you shouldnt trade one timeframe...the lower timeframe only for entries on high probability spots of higher tfs like 15/30m in terms of snp here. it also depends on the market mood which tfs im am using but for entries mainly 5m.
  • #3,587
  • Oct 1, 2009 4:33am Oct 1, 2009 4:33am
Thank You for answer.


B,
Tom
  • #3,588
  • Oct 1, 2009 10:21am Oct 1, 2009 10:21am
Guys,girls - How was today ?

I mainly got in 1 trade ( + ) ... For me today was not easy, couldnt spot real anymore trades.
But that me - Learning..

Best,
Tom
  • #3,589
  • Oct 1, 2009 10:31am Oct 1, 2009 10:31am
Quoting Dr.Geppynius
yet es looks like discount mode.sitting in "cover bull's butts" area

took 4p, reversed from supply line for a nice profit and now long again. globex these days is awesome.

current 5m bar has nice development in volume & spread, so still shows that bulls are fully in control imho.

i don't like predicting but still favor majorbull today....if i am wrong, i did not say anything
wow, what a major failure
instead big bear came out...
  • #3,590
  • Oct 1, 2009 10:50am Oct 1, 2009 10:50am
Quoting tfflyer
Guys,girls - How was today ?

I mainly got in 1 trade ( + ) ... For me today was not easy, couldnt spot real anymore trades.
But that me - Learning..

Best,
Tom
Tom, All,

Today was ranging all right at least on GU. There were few trades though but not that quality or not easy at least IMO.

I took 2 trades today and the result was not so nice. Profit, but really minor. I am still in with the 10% of my last position (took profit with 90%) just for fun.
Ah, now I am out.
I prefer the 15m TF but it seems that this day not much clarity was on it as far as signals go. Perhaps the 10m or 5m TF were better for this more ranging stuff.

Anyone with more experience, how would be recommended to trade a market action like this?


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Kind Regards zol
  • #3,591
  • Edited 11:13am Oct 1, 2009 11:00am | Edited 11:13am
Looking at the 60m, I can see a more clear picture. I may be totally wrong but the highest V WR up bar got reversed right away and the highest V of the whole day is a weak bar.
The far background is a mark down and a consolidation. This whole action looks weak to me at the moment.

Suggestions?

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Kind Regards zol
  • #3,592
  • Oct 1, 2009 11:35am Oct 1, 2009 11:35am
offtopic:

in case you have not seen the video yet

"Hitler got a margin call"

http://www.metacafe.com/watch/182901...a_margin_call/
  • #3,593
  • Oct 1, 2009 1:51pm Oct 1, 2009 1:51pm
Nice clip
  • #3,594
  • Oct 1, 2009 2:25pm Oct 1, 2009 2:25pm
Quoting Dr.Geppynius
offtopic:

in case you have not seen the video yet

"Hitler got a margin call"

http://www.metacafe.com/watch/182901...a_margin_call/

Allo Dear Dr. Geppynius. thanks a lot for this post and really funny video. I really did got a great laugh. That is too funny. Hitler always having a bad temper. lol

Thanks again

Shreem
  • #3,595
  • Oct 1, 2009 3:05pm Oct 1, 2009 3:05pm
Quoting zoli
Looking at the 60m,....
Zoli PLEASE Can you make your chart little bit more visible i mean can you change it color ? like for candle shadows or maybe put HLC bars i guess Esignal have it.
coz it make me anger !!

Thanks
  • #3,596
  • Oct 1, 2009 3:20pm Oct 1, 2009 3:20pm
Quoting shreem
Allo Dear Dr. Geppynius. thanks a lot for this post and really funny video. I really did got a great laugh. That is too funny. Hitler always having a bad temper. lol

Thanks again

Shreem

haha
my favorites are "they liquidated your entire portfolio"
and "all of you who are short gold or silver get out of this room now"
  • #3,597
  • Edited 4:05pm Oct 1, 2009 3:41pm | Edited 4:05pm
S&P500 30 point drop today! i was predicting the wrong move, sincei was expecting the major drop later. i was biased bullish, when a massive 30 point drop occured that's why predicting is worthless, just trading the charts

nevertheless, i took the time to draw some on a 60m es chart for you.
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  • #3,598
  • Oct 1, 2009 3:45pm Oct 1, 2009 3:45pm
Quoting Dr.Geppynius
S&P500 30 point drop today! i was predicting the wrong move, sincei was expecting the major drop later. i was biased bullish, when a massive 30 point drop occured that's why predicting is worthless, just trading the charts

nevertheless, i took the time to draw some on a 60m es chart for you.
That was a work of art Dr. G.

Inspiring.
  • #3,599
  • Oct 1, 2009 4:02pm Oct 1, 2009 4:02pm
Quoting adriann
Zoli PLEASE Can you make your chart little bit more visible i mean can you change it color ? like for candle shadows or maybe put HLC bars i guess Esignal have it.
coz it make me anger !!

Thanks
Well, that is the fanciest request I have ever read lol.

I will try to keep in mind but can not guarantee. I like to look at dark surfaces it is better for the eye.
Kind Regards zol
  • #3,600
  • Oct 1, 2009 7:29pm Oct 1, 2009 7:29pm
Could anybody explain me what is the meaning of this bar in the below chart?
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