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  • #5,341
  • Feb 22, 2010 2:47pm Feb 22, 2010 2:47pm
Quoting Intel
Hi guys,

Haven't posted for a while cos I'm re-reading the thread

Should be done by christmas

I figure that if I go through the whole thing again learning more along the way, and taking on board everything it has to offer.........I might end up with maybe 0.5% of Lord Malcombs knowledge

p.171
Wouldn't it be faster to just read the book and watch the videos?
  • #5,342
  • Feb 22, 2010 3:02pm Feb 22, 2010 3:02pm
Damn these mondays...Nothing is ever happening! I just can't wait to trade, but there are only low spreads. Why is this so? Is the monday the planning day for SM to make a plan trading the upcomming week? Are they waiting to see where the traders gonna put their orders? Or they can afford the longer holiday weekend, after making tons of money and celebrating all day long?

Some say that trading on fridays is not good, but it's fine to me. Mondays are really boring. What do you think?


Regards
  • #5,343
  • Feb 22, 2010 3:17pm Feb 22, 2010 3:17pm
Quoting toob
Damn these mondays...Nothing is ever happening! I just can't wait to trade, but there are only low spreads. Why is this so? Is the monday the planning day for SM to make a plan trading the upcomming week? Are they waiting to see where the traders gonna put their orders? Or they can afford the longer holiday weekend, after making tons of money and celebrating all day long?

Some say that trading on fridays is not good, but it's fine to me. Mondays are really boring. What do you think?


Regards
just relax, mate

not trading is also trading.

  • #5,344
  • Feb 22, 2010 3:33pm Feb 22, 2010 3:33pm
Quoting chief1oar
Dutchy,

Hope this helps answer your questions....

Sincerely,
Chief
Hello Chief

Yes sir !

Adaped indicator on your excellent comment

Since close is now sitting on top of the High Volume Area created earlier, and todays downbar has less volume than the previous bar, it might continu UP, if I am not mistaken ?

Cheers, Dutchy
Attached Image (click to enlarge)
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  • #5,345
  • Feb 22, 2010 3:50pm Feb 22, 2010 3:50pm
Quoting lolpie
Wouldn't it be faster to just read the book and watch the videos?
Read MTM twice plus all of the other material on p. 1 plus seen many many vids loads of times ( I am constantly refering to the reading material).

I dont have a problem interpreting charts in retrospect (for my limited experience anyway)I just seem to miss everything on the right hand edge.

I am trying to find out why I cant find live trades so I'm reading thru the thread again not neccesarilly to learn more vsa (tho it's definately helping) but to try and pick up a general idea of how others are trading.

Not sure I've explained myself very well but, I'm just so annoyed at the moment for missing live trades.

I have decided that I should increase my knowledge of S+R levels to compliment vsa. I'm hoping that this will help to identify where I should be looking for possible trades, and thus, I'll miss less
  • #5,346
  • Feb 22, 2010 4:03pm Feb 22, 2010 4:03pm
Quoting Intel
Read MTM twice plus all of the other material on p. 1 plus seen many many vids loads of times ( I am constantly refering to the reading material).

I dont have a problem interpreting charts in retrospect (for my limited experience anyway)I just seem to miss everything on the right hand edge.

I am trying to find out why I cant find live trades so I'm reading thru the thread again not neccesarilly to learn more vsa (tho it's definately helping) but to try and pick up a general idea of how others are trading.

Not sure I've explained myself very...
I've started with drawing the channel trendlines. It's the easiest way. You know the direction and just wait for a price to come close to a trendline and watch the volume.


Regards
  • #5,347
  • Feb 22, 2010 4:23pm Feb 22, 2010 4:23pm
Quoting toob
I've started with drawing the channel trendlines. It's the easiest way. You know the direction and just wait for a price to come close to a trendline and watch the volume.


Regards

Thanks, it's a start but I think I really should know moore about the subject.

Still learning!!
  • #5,348
  • Feb 22, 2010 5:33pm Feb 22, 2010 5:33pm
Quoting Intel
Thanks, it's a start but I think I really should know moore about the subject.

Still learning!!
In my limited experience, using VSA only it's tough to see entries a lot of times. I think it's best seen as another tool in your "arsenal."

For me, I use H4 trend as a general way to find direction, then use S&R (like you mentioned), but also use fibs, trendlines, etc. Plus, you can't ignore fundamentals either. Downward pressure on EU for the past 4 weeks has been tremendous for example. So, basically I've been looking to sell on rallies, touches of resistance, etc., and use VSA to try to time the entries the best I can.

So anyway, just sharing what's worked ok for me, and hope it's some benefit...
  • #5,349
  • Feb 22, 2010 7:29pm Feb 22, 2010 7:29pm
Quoting TC East
In my limited experience, using VSA only it's tough to see entries a lot of times. I think it's best seen as another tool in your "arsenal."

For me, I use H4 trend as a general way to find direction, then use S&R (like you mentioned), but also use fibs, trendlines, etc. Plus, you can't ignore fundamentals either. Downward pressure on EU for the past 4 weeks has been tremendous for example. So, basically I've been looking to sell on rallies, touches of resistance, etc., and use VSA to try to time the entries the best I can.

So anyway, just...
Always a benefit........thanks.

I'm sure I'll get there with all the people here who are willing to share and help.

It feels a bit funny at the moment cos I can start to help other traders with thier charts but I can't trade myself
  • #5,350
  • Feb 22, 2010 7:51pm Feb 22, 2010 7:51pm
Quoting Dutchy
Hello Chief

Since close is now sitting on top of the High Volume Area created earlier, and todays downbar has less volume than the previous bar, it might continu UP, if I am not mistaken ?

Cheers, Dutchy
Nice looking indi...

Would agree with you ... but anything can happen..

Cheers
Chief
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  • #5,351
  • Feb 22, 2010 9:52pm Feb 22, 2010 9:52pm
something is going on with eu

after a huge up move Friday on weakness on Thursday we have seen a slight retracement

this has been met with 2 x stopping volume and 1 x test

looks like accumulation to me

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Blogging daily now at www.volume.zone
  • #5,352
  • Feb 23, 2010 11:58am Feb 23, 2010 11:58am
Quoting AlliumPorrum
I've read the Tom Williams' Master the Markets- book, and it really has opened my eyes for this VSA trading. This thread has also been a great source of information for me, so thank you very much for all you contributors!

Now what I really would like to have is an MetaTrader indicator that marks out the patterns mentioned in the book (Stopping Volume, Up Thrust, Shake Out, Selling Climax, etc.). There has been lots of discussion about the Better Volume indicator in this thread, and many of you seem to use it for the VSA- method, but if I understood...
Any comments on this issue...?
  • #5,353
  • Feb 23, 2010 12:28pm Feb 23, 2010 12:28pm
Quoting AlliumPorrum
Any comments on this issue...?

This is worth reading http://www.investopedia.com/articles.../interbank.asp

Gez
Seek not to change the world; seek only to change your mind about the world
  • #5,354
  • Feb 23, 2010 1:09pm Feb 23, 2010 1:09pm
Quoting AlliumPorrum
Any comments on this issue...?
There is a indicator (for sale), that this guy Forex Flash has that does this (marks out the bars when those patterns occur). If you want, you can look him up in Members list and find that in one of his posts, or just PM him I guess.

The Better Volume just puts different colors on the candles and volume bars; it doesn't give "signals" per se, at least not in my opinion.

But if I may, let me make one comment that may be relevant. It sounds like you might be barking up the wrong tree here. As has been said a lot here, trading using VSA is much more about the "background" than a "signal" on any 1 bar. If you aren't reading the background right, and choose to trade based on a "signal" from one bar, be ready to lose money.

You can actually trade VSA quite effectively with nothing but price and volume on your chart; no indicators.

So, I'd just encourage you to practice reading the whole chart/background like it's a book, with each bar like another page or chapter in the whole book. Getting that bigger picture focus is much more effective than any indicator saying buy here, sell here, etc.

If you're already doing that, then my apologies But if not, then something to consider. And none of the above is original from me by the way; I'm just regurgitating what many other and better traders have shared here before...
  • #5,355
  • Feb 23, 2010 2:03pm Feb 23, 2010 2:03pm
Quoting TC East
There is a indicator (for sale), that this guy Forex Flash has that does this (marks out the bars when those patterns occur)....
Yes, it sounds great, and I also show a big effort to understand vsa. I have a question in my mind. maybe it is a silly question. The question is , can we predict the breakouts by vsa ?
  • #5,356
  • Feb 23, 2010 2:21pm Feb 23, 2010 2:21pm
Quoting TC East
The Better Volume just puts different colors on the candles and volume bars; it doesn't give "signals" per se, at least not in my opinion.
Thanks for your answer TC East! But I don't mean that I would need any kind of "signals". I would like to have an indicator that looks and works just like Better Volume, but which shows the exact patterns listed in MtM, not those "High Churns" or "Low Churns" or what ever.

Quoting TC East
But if I may, let me make one comment that may be relevant. It sounds like you might be barking up the wrong tree here. As has been said a lot here, trading using VSA is much more about the "background" than a "signal" on any 1 bar. If you aren't reading the background right, and choose to trade based on a "signal" from one bar, be ready to lose money.
Thank you for your concern, TC. I have read MtM a few times and also this thread is gone thru, and I totally understand what you mean (at least I hope so... ;=). I would never do any trades based just on one bar's action. But I just would like to have an indicator that shows up the bar patterns, to ease up the following of multiple currency pairs and TF's. Those basic bar patterns seem to be quite straight forward and can be surely be coded for MT, so I would be suprised if someone hasn't already coded such a tool??

Naturally I will always use other methods to check the background, trend, S&R's, and so on.

Gez40; are you saying that there wouldn't be any good/big/honest enough brokers for MT?
  • #5,357
  • Feb 23, 2010 4:00pm Feb 23, 2010 4:00pm
Quoting AlliumPorrum
Thanks for your answer TC East! But I don't mean that I would need any kind of "signals". I would like to have an indicator that looks and works just like Better Volume, but which shows the exact patterns listed in MtM, not those "High Churns" or "Low Churns" or what ever.



Thank you for your concern, TC. I have read MtM a few times and also this thread is gone thru, and I totally understand what you mean (at least I hope so... ;=). I would never do any trades based just on one bar's action. But I just would like to have an indicator that...
Ok sounds good If you PM that guy Forex Flash, like I said he does sell an indicator like you're talking about. I emailed him about it once, and it's like $299 or something, and I didn't get it.

http://www.forexfactory.com/showthread.php?t=170432

That's the thread where he has it. By the way, I have nothing to do with him at all, just passing on the info as it's something I checked into a while back...
  • #5,358
  • Feb 23, 2010 4:07pm Feb 23, 2010 4:07pm
Quoting bruceli
Yes, it sounds great, and I also show a big effort to understand vsa. I have a question in my mind. maybe it is a silly question. The question is , can we predict the breakouts by vsa ?
My 2 cents: I guess you can predict breakouts, but I've not used it that way myself. I use VSA to time entries as mentioned, and honestly it's often right after "false breakouts", when the SM is trying to fake everybody out, getting everyone to jump in long for example, when all they're doing is pumping up the price to sell the heck out of it.

I see that quite often around the Tokyo open. Basically, wherever they spike the price right around the open, just go the other way and it often works beautifully. Not giving trade advice here (no way!), again just sharing some stuff from my experience...
  • #5,359
  • Edited 8:49pm Feb 23, 2010 8:18pm | Edited 8:49pm
http://i45.tinypic.com/bednr9.gif

I read the sections on trendlines in MTM but I'm still a little confused. If price breaks and closes past the trendline on high volume + wide spread, is it an indication of trend reversal with no retracement to the trendline? However, if price breaks the trendline with low volume + wide spread (like in the above picture), and has low volume after, we must wait for the price to retrace to the trendline before it will continue falling.

Is this correct?
  • #5,360
  • Feb 23, 2010 10:45pm Feb 23, 2010 10:45pm
Quoting AlliumPorrum
Any comments on this issue...?
Our system is going through one last beta test round and should be ready for general release within a week depending on the testing.

Our system paints the bars and also has a number of nifty things like BG scanners for both multiple ranges and tf's as well as immediate bg in multiple tf's. Advanced signals based on stuff Todd Kreuger trades. It's also modular so you can show or hide any of the signals or information, change colors, range criteria etc. It also includes a full training module to help you understand what each symbol is/means. These can all be turned off and on at will.

It's written in C so it's very fast and can run on multiple charts with 0 lag. Chuck (RIP ?) Did some amazing stuff to make MT bend to our will.

It's about a year or so in the making and even though I am biased... it Rules Serious Mule.

If you'd like to be notified of it's availability click the link in the first post of this thread (Shortcut to it is in my sig)

I hope you guys are having a great week so far.
The trend always ends.
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