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  • #4,101
  • Nov 12, 2009 11:52am Nov 12, 2009 11:52am
Quoting Dr.Geppynius
question i got by pm which might be interesting for others also:

Hi dr.Geppynius,

I have one question..
Do you set your pivot point levels at the close of ny session like m.profile?

Ths...
that is a good ideea but you solve just half of the problem because you can set your indicator when to start but if your broker use day candle from 12am to 12 am the distribution on the candle it's still gonna be different, isn't? so, what the solution, to find another broker?
"Imagination is more important than knowledge" Einstein
  • #4,102
  • Nov 12, 2009 12:13pm Nov 12, 2009 12:13pm
Quoting sonicdeejay
Those ppl who buy in as they thought there are stopping out vol, will be burnt badly... (See both rectangle)

To me,,,VSA is good but not an edge,,Price Action still show the way,,,
Sonic
As with all other methods, VSA is an edge if used properly. PA is an edge if used properly. In a PDF document on your thread the author suggests that a simple MA cross system can be profitable if combined with proper money and risk management.

All those rectangles you highlighted indicate high V on down bars but the follow through is not good enough so no long trade there.

This methodology, as the one you use, requires not only stone carved rules. Discreation and reading of the market is important. VSA users do not jump on every high V down bar actually.

Having said all these, I would note that I am not as experienced as you are and not even profitable. Nevertheless, the logic of VSA is there, can be used properly and also pourly - as all other tradeing methods.

Quoting from your PDF again (not word by word): after all not the method what matters the most but the mind set, so step 3 is also about getting the right attitude.
Kind Regards zol
  • #4,103
  • Nov 12, 2009 3:30pm Nov 12, 2009 3:30pm
Quoting sonicdeejay
Those ppl who buy in as they thought there are stopping out vol, will be burnt badly... (See both rectangle)

To me,,,VSA is good but not an edge,,Price Action still show the way,,,
Sonic
what do the guys over at tradeguider teach you

once you see stopping volume you ALWAY wait for low volume testing to get in on long .....did you see that ... no ..... so would this be called operator error if you did I think so . ... back ground was buying or selling ? so should you have been looking for longs or short ? anyone traidng long side waso n wrong side of background anyway

also if you are good ... like me ( joke) there was buying interest / stopping volumeo nm 5 min on way down .. get in on the 20 pip reatrces and there were plenty of no demand and upthrusts to trade on the short side

do you think this move was a surprise ? the selling started taking place many hours before the down move .. you may just not have known what you were looking at

I hate eu anyway ...lol

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Blogging daily now at www.volume.zone
  • #4,104
  • Nov 12, 2009 3:34pm Nov 12, 2009 3:34pm
Quoting sonicdeejay
I see some vol coming in as the price decrese...

VSA can be misleading..as one can buy in when the price plunging...

Sonic

vol going up as price decreases is buyers comingi n the strong support 1.6520 .... been buying of that level all day....
Blogging daily now at www.volume.zone
  • #4,105
  • Nov 12, 2009 4:00pm Nov 12, 2009 4:00pm
Quoting malcolmb14
what do the guys over at tradeguider teach you

once you see stopping volume you ALWAY wait for low volume testing to get in on long .....did you see that ... no ..... so would this be called operator error if you did I think so . ... back ground was buying or selling ? so should you have been looking for longs or short ? anyone traidng long side waso n wrong side of background anyway

also if you are good ... like me ( joke) there was buying interest / stopping volumeo nm 5 min on way down .. get in on the 20 pip reatrces and there were plenty...
Malcomlb you stole my thunder LOL.

I was just going to say that after the "Stopping Volume" you need to wait for the low volume test within the range of the high volme candle. This is what the book and Gavin teach.

By the way, I question wether that is stopping volume in the first place. Stopping volume will be a narrow range candle closing off the lows on ultra high volume. The candle can be wide, but the close is most definately not near the low on a true stopping volume candle.

Markets do not like high to ultra high volume UP candles because they could contain selling.

All volume on DOWN candles represents selling. It is only when the volume is very high to ultra high that it may contain buying. It there was buying then the next candle would be up.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #4,106
  • Nov 13, 2009 2:40am Nov 13, 2009 2:40am
Quoting sonicdeejay
Those ppl who buy in as they thought there are stopping out vol, will be burnt badly... (See both rectangle)

To me,,,VSA is good but not an edge,,Price Action still show the way,,,
Sonic
http://www.funnyforumpics.com//forum...d/1/130646.gif
  • #4,107
  • Nov 13, 2009 3:14am Nov 13, 2009 3:14am
HA HA HAAA , Sorry Sonic

B,
T


Quoting Dr.Geppynius
http://www.funnyforumpics.com//forum...d/1/130646.gif
  • #4,108
  • Nov 13, 2009 10:34am Nov 13, 2009 10:34am
Hi All,

I wonder whether you guys got on this GU today. The whole market as this is made me wounder. So what if something like this happens:

Yesterday accumulation between 6586 and 6514. I woke up today and saw that I missed the boat, at least the beginning. For some even the set up was not clear enough. The potential buonce off 6517 was noted all right, but there were no super quality Stopping V Tests etc.

Nevertheless I wanted to be in the trade for some reason. I noted that some other lads with some EA cross system would be in without thinking.

So what I did was this: the move was up, even my 20EMA was up, so I was looking for narrow range low V down bars to find my way in. This, at a place not before any pivot (to me previous day High/Low, Session Ope prices are pivots on GU and EU for sure).

This happened and I profitted some nice pips. This market is still making a HL, though I am outa lready.

So how do you find your way in if you missed the beginning, the best entry, of the move? For me this is an issue as there may be a longer term swing and I do not want to be all the time at the screen.

Comments will hopefully come.


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Kind Regards zol
  • #4,109
  • Nov 13, 2009 10:50am Nov 13, 2009 10:50am
check my postings form yesterday

I was going on about this long all day

Quoting zoli
Hi All,

I wonder whether you guys got on this GU today. The whole market as this is made me wounder. So what if something like this happens:

Yesterday accumulation between 6586 and 6514. I woke up today and saw that I missed the boat, at least the beginning. For some even the set up was not clear enough. The potential buonce off 6517 was noted all right, but there were no super quality Stopping V Tests etc.

Nevertheless I wanted to be in the trade for some reason. I noted that some other lads with some EA cross system would be in without thinking....
Blogging daily now at www.volume.zone
  • #4,110
  • Nov 15, 2009 7:04pm Nov 15, 2009 7:04pm
I see todays value area on GJ as 1.4970-1.4894-

Anyon can corraborate that?

TIA
  • #4,111
  • Edited 8:56pm Nov 15, 2009 7:21pm | Edited 8:56pm
EU bullish --TP @.5066, UJ bearish-TP @88.90--88.933

NO entry--none..

looks like am goin to be a night owl.
  • #4,112
  • Nov 15, 2009 8:49pm Nov 15, 2009 8:49pm
Quoting TC East
Hi taomql4...I notice a lot of the charts you post are 1 hour; is that the TF you use for trading VSA? I've been having a 1, 5, and 15 min open at same time, but still not quite sure which to really watch in order to make trading decisions. Appreciate any comments!

Thanks...
No particular reason, just like the long ball!! some folks trade the 5 min
and watch the 15 min, some trade the 60 and use 5 min for entry.

depends on you really!!!
  • #4,113
  • Nov 15, 2009 9:09pm Nov 15, 2009 9:09pm
Quoting taomql4
No particular reason, just like the long ball!! some folks trade the 5 min
and watch the 15 min, some trade the 60 and use 5 min for entry.

depends on you really!!!
Ok thanks...
  • #4,114
  • Nov 16, 2009 12:26am Nov 16, 2009 12:26am
alright folks--can't watch this sh*t no more,
beauty sleep calling!!

nite
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  • #4,115
  • Nov 16, 2009 2:50am Nov 16, 2009 2:50am
At last after a very slow Asian Session there are signs of activity...so far the R1 / 6750 area has turned cable south.

Will this be the top or are we having a Big Ben fake-out - Time Will Tell.....so far I've pirated pips from both longs and shorts, taking my profits quickly until I have confirmation of the next longer term move....
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Trading Levels with WRBs
  • #4,116
  • Edited 5:25am Nov 16, 2009 2:58am | Edited 5:25am
http://www.zerohedge.com/article/exc...hroughout-2008

The observations above are troubling: Goldman's trading is by no stretch of the imagination better than average. In fact, in 2008, the firm's prop trading was on par with some of the worst performers on Wall Street. Which begs the question: just how has Goldman managed to transform itself into a behemoth that over the past 6 months has had only three trading days of losses? The answer is simple: with no Lehman and no Bear to curb its tentacular dominance of all aspects of the Fixed Income market, Goldman can now rely almost exclusively on its monopolist agency position vis-a-vis mutual, pension, and hedge funds who are desperate to maintain a good relationship and an open dialog with the firm which rewards its best clients with market moving information ahead of all others peasants.
  • #4,117
  • Nov 16, 2009 3:30am Nov 16, 2009 3:30am
Hello DG,

HOW DO yOU THINK, WHY THE AUTHOR IS SAYING:

" ........... and in which Goldman preaches the mantra of VWAP trading. Tomorrow we will analyze why VWAP has cost many asset managers hundreds of millions of dollars, and once and for all provide a quantification of the ever increasing cost of High Frequency Trading. " ?


Thanks.


Best,
Tom


Quoting Dr.Geppynius
http://www.zerohedge.com/article/exc...hroughout-2008
  • #4,118
  • Nov 16, 2009 5:21am Nov 16, 2009 5:21am
tom, i do not get your question.

i was mainly posting this to show, how much crap goldman SACKS is and i think, tyler made a nice analysis with the new GS numbers.


Quoting tfflyer
Hello DG,

HOW DO yOU THINK, WHY THE AUTHOR IS SAYING:

" ........... and in which Goldman preaches the mantra of VWAP trading. Tomorrow we will analyze why VWAP has cost many asset managers hundreds of millions of dollars, and once and for all provide a quantification of the ever increasing cost of High Frequency Trading. " ?


Thanks.


Best,
Tom
  • #4,119
  • Nov 16, 2009 5:48am Nov 16, 2009 5:48am
Dr.G.

No problem.

Thanks.


Best,
Tom

Quoting Dr.Geppynius
tom, i do not get your question.

i was mainly posting this to show, how much crap goldman SACKS is and i think, tyler made a nice analysis with the new GS numbers.
  • #4,120
  • Nov 16, 2009 12:45pm Nov 16, 2009 12:45pm
If someone can post ESIGNAL GBP/USD 10 min todays chart with volume, please post it here.


Thanks !

Best,
Tom
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