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  • #5,661
  • Mar 10, 2010 11:57am Mar 10, 2010 11:57am
in it still. bad thing is (although SL at BE) i don't know if i should collect of let the money on the table...

since i am positive for the day and SL at BE, i will be greedy and wait to see if it is a reversal.

hapipipin guys

Quoting tarco
A slam dunk.
dreams do come true.
  • #5,662
  • Mar 10, 2010 12:00pm Mar 10, 2010 12:00pm
Quoting wannaberich
in it still. bad thing is (although SL at BE) i don't know if i should collect of let the money on the table...

since i am positive for the day and SL at BE, i will be greedy and wait to see if it is a reversal.

hapipipin guys
I would personally take profit, I think that 1.6380 will be tested before London
  • #5,663
  • Mar 10, 2010 12:17pm Mar 10, 2010 12:17pm
Hello guys, can you help me with VSA ? I'm read more than 60 page's I like id but have some questions with uptrust bar ( sorry for my English), Russian) soo... I give some pictures for you, Help me please if you can..


And what indicator u can advise to me ? ))

http://img.bagem.lv/images/902025607.jpghttp://img.bagem.lv/images/494497538.jpg
http://img.bagem.lv/images/814263124.jpg
  • #5,664
  • Mar 10, 2010 12:22pm Mar 10, 2010 12:22pm
do u think i should get out?

i know it's greed but if we start to move south i could see some really interesting pips...

on the other hand i could even get SL to above 3680 because if we see new highs than the down move won't happen now... really wouldn't like that anyway...



Quoting Sonofsin5
I would personally take profit, I think that 1.6380 will be tested before London
dreams do come true.
  • #5,665
  • Mar 10, 2010 1:05pm Mar 10, 2010 1:05pm
but it's not happening. acumulation at the 40 level to go up?!
dreams do come true.
  • #5,666
  • Mar 10, 2010 2:44pm Mar 10, 2010 2:44pm
Quoting wannaberich
but it's not happening. acumulation at the 40 level to go up?!

seems that eu is being accumulated on higher time frame such as 4 hour.

Also when something like ES sets the tone for usd for a session no point in trading aginast it.

EU is also above the close of yesterday. I have a strong rul that says do not sell unless we break back down thru close of prior day then look for nd ut etc tec
Blogging daily now at www.volume.zone
  • #5,667
  • Mar 10, 2010 2:52pm Mar 10, 2010 2:52pm
Quoting tarco
A slam dunk.
slam wrong..sorry

once again this is not what vsa is about ... of course when a price comes
into massive resistance there is going to be profit taking . That is what you are seeing on that chart . The pros have been buying dips all day... tade with the pros not with the profit takers. I have been buying dips

Back gournd is BUYING .. so selling on one 15 min candle is like trying to swim upstream

Attached Image (click to enlarge)
Click to Enlarge Name: chart04c.jpg Size: 156 KB
Blogging daily now at www.volume.zone
  • #5,668
  • Mar 10, 2010 3:07pm Mar 10, 2010 3:07pm
Malcomb,

First of all let me say that you are the master at this and I have learned a ton from you and Dr. G regarding VSA, and would not have made the progess I have made if it were not from your generous posts.

My reasons for saying this is a slam dunk.

1) Look at EU, Canadian dollar and Austrialian dollar all similar set ups occuring at the 10:10 cst time.

2) The highest volume of the day was on that candle.....clearly to me anyway, a very high probablilty countertrend trade and what MTM calls end of a rising market (albeit smaller timeframe).

3) I have had the 1.3680 level marked for days on where to expect a reaction. In the background,price has bounced off this level several times.

To me anyway, this is a trade that is hard to pass on. Yes, it is a countertrend but a nice one.






Quoting malcolmb14
slam wrong..sorry

once again this is not what vsa is about ... of course when a price comes
into massive resistance there is going to be profit taking . That is what you are seeing on that chart . The pros have been buying dips all day... tade with the pros not with the profit takers. I have been buying dips

Back gournd is BUYING .. so selling on one 15 min candle is like trying to swim upstream

Attachment
  • #5,669
  • Mar 10, 2010 3:14pm Mar 10, 2010 3:14pm
Tarco .... a great trade for sure but not what vsa is all about in the long run , this is what I was trying to say , not saying the trade was crap or anything and if entering right at resistance was a great few pips to be had

vsa is all about looking at the left of the charts .. and today was buy dips in us session both gu and eu . also trades with confirmation are the very best trades of all ...

may be asia is sell rallies , who knows. But for me buying dips was so simple.

Quoting tarco
Malcomb,

First of all let me say that you are the master at this and I have learned a ton from you and Dr. G regarding VSA, and would not have made the progess I have made if it were not from your generous posts.

My reasons for saying this is a slam dunk.

1) Look at EU, Canadian dollar and Austrialian dollar all similar set ups occuring at the 10:10 cst time.

2) The highest volume of the day was on that candle.....clearly to me anyway, a very high probablilty countertrend trade and what MTM calls end of a rising market (albeit smaller...
Blogging daily now at www.volume.zone
  • #5,670
  • Mar 10, 2010 3:21pm Mar 10, 2010 3:21pm
I understand. The easy money was made buying dips. Hey, I am still learning this as well. Thanks for commenting on my chart.

Forrest


Quoting malcolmb14
Tarco .... a great trade for sure but not what vsa is all about in the long run , this is what I was trying to say , not saying the trade was crap or anything and if entering right at resistance was a great few pips to be had

vsa is all about looking at the left of the charts .. and today was buy dips in us session both gu and eu . also trades with confirmation are the very best trades of all ...

may be asia is sell rallies , who knows. But for me buying dips was so simple.
  • #5,671
  • Mar 10, 2010 3:27pm Mar 10, 2010 3:27pm
That bar is in fact 1st sign that sellers are still in the market at 1,3680 resistance,

On the move down we saw buyers stepping in at 1.3620 . This was ear marked by stopping volume on a 10 min chart ( very powerful buy set up ) . The fact that this happened so close to resistance is a storng indication to me that eu may break out of resistance at a a later date ( as on the next real volume session london ) .

In order to lock traders in look for a rapid move up thru resistance . If this happens 2nd time around and it is on ultra high volume , do not automatically sell . Note the 15 min bar will need to pass thru 1.3700 and close above it., there is a storng chance 1.3790 is tested in next 24 hours based on vsa action I saw today and the 4 hour clear accumualtion at 1.3550




Quoting tarco
Malcomb,

First of all let me say that you are the master at this and I have learned a ton from you and Dr. G regarding VSA, and would not have made the progess I have made if it were not from your generous posts.

My reasons for saying this is a slam dunk.

1) Look at EU, Canadian dollar and Austrialian dollar all similar set ups occuring at the 10:10 cst time.

2) The highest volume of the day was on that candle.....clearly to me anyway, a very high probablilty countertrend trade and what MTM calls [b]end of a rising market (albeit smaller...
Blogging daily now at www.volume.zone
  • #5,672
  • Mar 10, 2010 3:38pm Mar 10, 2010 3:38pm
Thanks for your analysis on EU. I take it that you feel that 15 min closes are very important. 90% of my trades are confirmation trades on 10-min timeframe after seeing some volume coming in the market. Not comfortable yet on breakouts.

Will you go in long if you see a 15-min close on EU, or will you wait for confirmation ie a a no supply or test at the 1.3690 level?




Quoting malcolmb14
That bar is in fact 1st sign that sellers are still in the market at 1,3680 resistance,

On the move down we saw buyers stepping in at 1.3620 . This was ear marked by stopping volume on a 10 min chart ( very powerful buy set up ) . The fact that this happened so close to resistance is a storng indication to me that eu may break out of resistance at a a later date ( as on the next real volume session london ) .

In order to lock traders in look for a rapid move up thru resistance . If this happens 2nd time around and it is on ultra high volume...
  • #5,673
  • Mar 10, 2010 3:46pm Mar 10, 2010 3:46pm
Quoting tarco
Thanks for your analysis on EU. I take it that you feel that 15 min closes are very important. 90% of my trades are confirmation trades on 10-min timeframe after seeing some volume coming in the market. Not comfortable yet on breakouts.

Will you go in long if you see a 15-min close on EU, or will you wait for confirmation ie a a no supply or test at the 1.3690 level?

way i will play this one .... is look for another little dip down .. 1,3650 or slightly lower . Look for some form of stopping volume and get in long , moving stop up as price mioves back to resistance. Often stopping volume on a 10 / 15 min chart right under resistance is a sign of impending breakout.

Another way of playing it is look for the break out on a 15 min chart and then zoom down into a 5 min chart . What you are looking for is a low vol test

I have shown both set ups on charts below , set up under resistance is my fav

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.jpg Size: 161 KB


Attached Image (click to enlarge)
Click to Enlarge Name: chart04c.jpg Size: 155 KB
Blogging daily now at www.volume.zone
  • #5,674
  • Mar 10, 2010 3:54pm Mar 10, 2010 3:54pm
I like the sound of getting in early on a possible breakout with the trend. This post is already printed out and will go in my Malcomb stack. Lets see what happens tomorrow during the London. Thanks Malcomb.
  • #5,675
  • Mar 10, 2010 3:55pm Mar 10, 2010 3:55pm
Quoting tarco
I like the sound of getting in early on a possible breakout with the trend. This post is already printed out and will go in my Malcomb stack. Lets see what happens tomorrow during the London. Thanks Malcomb.

If this plays out i will post another charts showing how it worked out
Blogging daily now at www.volume.zone
  • #5,676
  • Mar 10, 2010 4:53pm Mar 10, 2010 4:53pm
Hi Malcom,

would appreciate your advice here.

i know you can't tell the future but i got my self into a very uncomfortable short here.

i got in at 76. it went down quite a bit. something like 50 pips. at that time i even got some good advice from the guys here to close and my money. didn't close. went up, started to go down again and i got in another short. finished loosing only 10 pips overall (tasted more to loosing 50 pips!). the stupidity started afterwards. my mind was short biased. my greed showed me a big drop and i liked the idea.

although i advised someone else that short above 13650 didn't look like a great idea (on low volume) i took it before i left work (one of my two neurons said to the other "you'll be making money in the way home!").

Right now my dilema is: close my short, accept the loss and go to sleep or leave it open because, somehow i still think that after this 130 up move we have to see some retrace even if it is only to 13605.

truth is i see no sellers above 50. 65 might put up a fight, even 76 but it's really no big trouble for a big bull...

thanks
dreams do come true.
  • #5,677
  • Mar 10, 2010 5:34pm Mar 10, 2010 5:34pm
tough one.

VSA is harder in the asian hours.

So lets look at a few things.

1) es closed under yesterdays close so doubt asia will be bullish
2) definate selling at 1.3680 in the back ground , this could come more into play in asia. However there is buing off 1.3620
3) gold took a beating today . NOt sure on reaction to that in Asia.

Overall i would think we do get some form of retrace , but completely guessing

If the loss is small and you are worried about it , close trade and have a restful nights sleep rather than worrying about it.

The beauty if knowing VSA and understanding it is that is price does drop you can be waiting to buy , after a restful nights sleep , just as the pros have been off 1,3560 zone. The market will always be here and greed is our #1 enemy as a trader

The amount of times I have been 1 k up and let price move against me only to stop me out for Break even or worse at loss , is alot. Greed is not our friend.





Quoting wannaberich
Hi Malcom,

would appreciate your advice here.

i know you can't tell the future but i got my self into a very uncomfortable short here.

i got in at 76. it went down quite a bit. something like 50 pips. at that time i even got some good advice from the guys here to close and my money. didn't close. went up, started to go down again and i got in another short. finished loosing only 10 pips overall (tasted more to loosing 50 pips!). the stupidity started afterwards. my mind was short biased. my greed showed me a big drop and i liked the idea....
Blogging daily now at www.volume.zone
  • #5,678
  • Mar 10, 2010 5:48pm Mar 10, 2010 5:48pm
right now (while you were beating up that guy on the EU thread ) we are seeing some down move. i'll wait a little longer, using SAR to set my SL on 5m which is quite tight.

today i really felt i made some very interesting developments in my understanding of volumes. that indi you showed me market statistics V2 really helped me understand why we can go up on high volume and continue up on lowering volume (this one really puzzled me).

i am going to be a more frequent costumer of this thread. if you don't mind i will be posting some thoughts and asking for other members insight and, obviously, yours. please correct me if i am wrong. will really appreciate it.

thanks and hapipipin to u all.
dreams do come true.
  • #5,679
  • Mar 10, 2010 5:53pm Mar 10, 2010 5:53pm
Quoting wannaberich
right now (while you were beating up that guy on the EU thread ) we are seeing some down move. i'll wait a little longer, using SAR to set my SL on 5m which is quite tight.

today i really felt i made some very interesting developments in my understanding of volumes. that indi you showed me market statistics V2 really helped me understand why we can go up on high volume and continue up on lowering volume (this one really puzzled me).

i am going to be a more frequent costumer of this thread. if you don't mind i will be posting some...

sure feel free to pop in

markets can go up under low volume , but watch for any sustained moves up under bearish volume divergence. If you get into a good long low down trial the stop up as price moves up ,

eu looks like down move ok

i do not think eu would break out of major R in asia , with the selling background at 1,.3580 it may not even break in euro session

Attached Image (click to enlarge)
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  • #5,680
  • Mar 10, 2010 6:21pm Mar 10, 2010 6:21pm
buyers at the 40s... again. drats!

volume picking up but 1365 holding. accumulating at the 50 to short (this might be wishfull thinking LOL)

anyway time to get to bed. will let the trade open with sl at 72 (i see an obstacle at 65-69.

my smallest has high temperature and didn't let me sleep last night. really tired.
dreams do come true.
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