Dislikedwhat course did you do at uni? I'm thinking of getting a part time job. I'm in Brissy.Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #207,141
- Nov 8, 2009 8:04pm Nov 8, 2009 8:04pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #207,142
- Nov 8, 2009 8:20pm Nov 8, 2009 8:20pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #207,144
- Nov 8, 2009 8:45pm Nov 8, 2009 8:45pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #207,145
- Nov 8, 2009 8:52pm Nov 8, 2009 8:52pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
Yes, I think going with the over-all trend is best. Awesome, my Take Profit of 150.50 was just hit. I was in a long at 149.33. It would be great to duplicate that again..
But if not, I am happy with those pips just captured. It should be interesting to see what will happen during the London Session.
But if not, I am happy with those pips just captured. It should be interesting to see what will happen during the London Session.
today after seeing all that buying friday ..... you know the lagging vsa rubbish i use ...lol I am only taking longs .
I will trade both sides of range if I see a reason to using vsa ...
- #207,149
- Nov 8, 2009 9:11pm Nov 8, 2009 9:11pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Nicely done- - I am watching and realizing that chasing is not a good idea-
Will you be looking for another buying opportunity or conversely short up in this area?
I still think this is going to move up into 151 , and I have more than hit target for a session (50pip) so being at top of a strong range best to take the profit , go relax watch a move , let London do its thing and come back tomorrow morning in US to see if I can find another 50 to 100 pip set up to trade
here is why vsa showed the long on this one and why i was looking for retrace to 149
1) wide spread high vol down bar = sign strength
2) note the volume is same as wide spread down at 1 BUT the candle is narrow this is buyers coming in and sign strength
3) buyers shown again off 149.20 with wick on bottom of candle3
4) high volume ( relative for session) wide spread down candle = sign strength (ultra high volume down candles are often buyer and ultra high volume up candles are often sellers hitting market ..hard to get head around this)
5) note next up candle is almost as high volume as candle at 4 ….. that is all buyers , opr in vsa called stopping volume
6) ultra high doji , definitely cause for closing long as this could be all sellers right in high volume pivot cluster zone.
7) turns out volume at 6 was absorbed on the low volume test of 150 ….good place for new entry , vsa says background all asia has been buying dips
8) good reason to get out of 2nd long due to ultra wide spread high volume up bar just into resistance zone
149.30 entry , 25 pip stops , 150.15 exit
Renter 150.10 , target 150.50 hit
target 150.50 ….. hit
Leading or lagging ?
Really it is like reading a book ….
Now I get low vol test 150.30 to 150 I will re-enter for move to 151 (if i was going to still carry on trading this session , which i am not)
Blogging daily now at www.volume.zone
- #207,151
- Nov 8, 2009 9:24pm Nov 8, 2009 9:24pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Is there some sort of VSA indicator for metatrader4?
I think this is cause there are no pretty arrows that say buy or sell ....lol
there is something called better volume indicator out there. Do not ask me what the colurs mean ... it just flag ultra high or ultra low volume...
here is fx pro chart
to be good at using volume and candles together you have to read up oin vsa , and follow one pair and watch price action carefully ....15 and 5 min charts work well for intraday. I must have spent 2000 charting hours learning vsa..
Blogging daily now at www.volume.zone
- #207,152
- Nov 8, 2009 9:25pm Nov 8, 2009 9:25pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
it is not an indicator .. it is reading volume and candles relative to each other , some are good at it , some try it and find it like to much hard work and just do not get it , so give up on it .
I think this is cause there are no pretty arrows that say buy or sell ....lol
there is something called better volume indicator out there. Do not ask me what the colurs mean ... it just flag ultra high or ultra low volume...
here is fx pro chart
to be good at using volume and candles together you have to read up oin vsa , and follow one pair and watch...
Blogging daily now at www.volume.zone
- #207,153
- Nov 8, 2009 9:29pm Nov 8, 2009 9:29pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
150.50 
you see one person suggested vsa is lagging on weekend .....
I still think this is going to move up into 151 , and I have more than hit target for a session (50pip) so being at top of a strong range best to take the profit , go relax watch a move , let London do its thing and come back tomorrow morning in US to see if I can find another 50 to 100 pip set up to trade
here is why vsa showed the long on this one and why i was looking for retrace to 149...
Was watching the down bar form on high volume at point 4 and small up bar at point 5 and concluded that it was buyers and a good entry point, however didn't take the trade and watched price move higher and higher
I immediatley thought " i bet Malcolm has taken this trade", anyway thanks again still learning VSA and have been saving these posts and building a Malcolmb14 definituve guide to trading VSA
- #207,155
- Nov 8, 2009 9:34pm Nov 8, 2009 9:34pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
keep with it ... takes time but once mastered you can trade anything with it....
Malcolm, thanks for this post, absolutely GOLD!!
Was watching the down bar form on high volume at point 4 and small up bar at point 5 and concluded that it was buyers and a good entry point, however didn't take the trade and watched price move higher and higher
I immediatley thought " i bet Malcolm has taken this trade", anyway thanks again still learning VSA and have been saving these posts and building a Malcolmb14 definituve guide to trading VSA
Blogging daily now at www.volume.zone
- #207,156
- Nov 8, 2009 9:39pm Nov 8, 2009 9:39pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
here would have been next long entry
Blogging daily now at www.volume.zone
- #207,157
- Nov 8, 2009 9:56pm Nov 8, 2009 9:56pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
but even still long 150.50 with 20 pip stop 1 to 2 risk reward .. now i would like to see same argument vsa is lagging like any other indicator and that fellow who now has egg on his face to come back and say how amusing he found post....
volume and candles will tell you what smart money is up to ... indicators give momentum but not what is going on in the internals of market.
of course good trading and being successful in this game is all about good money management , sometimes even vsa ( or what i think volume and candles are telling me ) do not always work either.
Blogging daily now at www.volume.zone
- #207,159
- Nov 8, 2009 10:08pm Nov 8, 2009 10:08pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
this week we`ll see 145. don't doubt.
