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  • #5,861
  • Mar 17, 2010 9:46am Mar 17, 2010 9:46am
eu better to buy or sell since London ?

Malcolm's rule of only sell if price is under prior days high and close prevails

1 x 40 pip and 1 x 30 pip

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  • #5,862
  • Mar 17, 2010 9:47am Mar 17, 2010 9:47am
Quoting malcolmb14
This is not 100 % rule and you may miss tons of trades

But overall will keep you out of a lot of trouble.

Imagine GU when they tapped Monday close in London last night and you are trying to sell .....wham 150 pip later you are crying

today we saw down move in flag ,tapped 61,8 retrace doji on 10 min , went
long with 20 pip stop just closed for 37 pip at POC , only trade for today as market is pretty flat
I have to agree with you. I think that keeping a mental note of the close of yesterday in relationship to where the price is at the current point in time is a smart habit.

Today I have been watching as huge volume comes in after every drop below 1.3740. Futures contracts are up at the end of the week and I cant help to think that there may be a new high in the cards for the Eur before then. Thanks for the input everyone.
  • #5,863
  • Mar 17, 2010 9:48am Mar 17, 2010 9:48am
Quoting Sonofsin5
I have to agree with you. I think that keeping a mental note of the close of yesterday in relationship to where the price is at the current point in time is a smart habit.

Today I have been watching as huge volume comes in after every drop below 1.3740. Futures contracts are up at the end of the week and I cant help to think that there may be a new high in the cards for the Eur before then. Thanks for the input everyone.

overall I am pretty bullish eu to 1.4100 but to get there it will be chop so taking it session by session
Blogging daily now at www.volume.zone
  • #5,864
  • Mar 17, 2010 9:54am Mar 17, 2010 9:54am
Quoting malcolmb14
eu better to buy or sell since London ?

Malcolm's rule of only sell if price is under prior days high and close prevails

1 x 40 pip and 1 x 30 pip

Attachment
K.I.S.S., I like it...
  • #5,865
  • Mar 17, 2010 9:58am Mar 17, 2010 9:58am
better to wait for buy dip or sell long flag ?


yh 1.5260

once again mals rule is awesome... and a simple one

60 pips trade 45 min

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  • #5,866
  • Mar 17, 2010 10:36am Mar 17, 2010 10:36am
Well what to say? You are right malcolmb14
The Market pays you to be disciplined
  • #5,867
  • Mar 17, 2010 10:38am Mar 17, 2010 10:38am
Quoting mima
Well what to say? You are right malcolmb14
Ditto, I almost burned myself this morning but went with my instincts and longed EU,GU and AU...

I did this due to Malcolmbs theory and Acumens videos.

DZ
  • #5,868
  • Mar 17, 2010 10:48am Mar 17, 2010 10:48am
Been out for a fews weeks doing the move thing.... boy is that the worst!!

Any way can someone bring me up to speed on Malcombes rules or point to the correct page where i can find a summery?? would be greatly appreciated.

thanx all
  • #5,869
  • Mar 17, 2010 10:48am Mar 17, 2010 10:48am
Mals law...lol, should be standard knowledge to anyone learning to trade, you are simply buying strength and selling weakness, basic stuff really same as buying pullbacks and selling rallies.

check out the dibs thread and "Pete Crowns" posts
http://www.forexfactory.com/showpost...8&postcount=23
Seek not to change the world; seek only to change your mind about the world
  • #5,870
  • Mar 17, 2010 10:50am Mar 17, 2010 10:50am
Quoting Ace
Been out for a fews weeks doing the move thing.... boy is that the worst!!

Any way can someone bring me up to speed on Malcombes rules or point to the correct page where i can find a summery?? would be greatly appreciated.

thanx all

Just click his name and read his last 50-100 posts...you'll learn more that way anyway. edit: I'm not trying to be rude, but he really doesn't seem to have a "method", I just used that term. More so, he has a few different methods and he combines them with VSA? Please correct me if I'm wrong. Such as the "don't long unless price is above yesterday/pivot etc.". If you see stopping volume on one of these days at a support line.. go long.
  • #5,871
  • Mar 17, 2010 11:13am Mar 17, 2010 11:13am
Quoting uraceulose
Just click his name and read his last 50-100 posts...you'll learn more that way anyway. edit: I'm not trying to be rude, but he really doesn't seem to have a "method", I just used that term. More so, he has a few different methods and he combines them with VSA? Please correct me if I'm wrong. Such as the "don't long unless price is above yesterday/pivot etc.". If you see stopping volume on one of these days at a support line.. go long.
no I have no method ... to be honest you are right. Alot of the time is a little intuition and some simple rules.

for example 10 min gu no demand right at prior resistance of London high ... but I did not take the sell . Why is simple pros are buying dips every thing is a retrace for today , that yes you can make money on , but unless there is a buying climax or a massive ultra high volume up bar on 60 min I will ot take sells today on GU today
Blogging daily now at www.volume.zone
  • #5,872
  • Mar 17, 2010 11:20am Mar 17, 2010 11:20am
Quoting malcolmb14
no I have no method ... to be honest you are right. Alot of the time is a little intuition and some simple rules.

for example 10 min gu no demand right at prior resistance of London high ... but I did not take the sell . Why is simple pros are buying dips every thing is a retrace for today , that yes you can make money on , but unless there is a buying climax or a massive ultra high volume up bar on 60 min I will ot take sells today on GU today
Malcolmb14, a few questions for you:
I have trial esignal and TG...I found that TG repaint ad some signals are not right ...just for example I found so many "no demand" and seams they are in wrong place...I am just learning..maybe Iam wrong.then there is long down candel with high volume and there is no signal....i would say it is missing signal...
The Market pays you to be disciplined
  • #5,873
  • Mar 17, 2010 11:32am Mar 17, 2010 11:32am
Quoting mima
Malcolmb14, a few questions for you:
I have trial esignal and TG...I found that TG repaint ad some signals are not right ...just for example I found so many "no demand" and seams they are in wrong place...I am just learning..maybe Iam wrong.then there is long down candel with high volume and there is no signal....i would say it is missing signal...

look at where the no demand bars are ,, you can get no demand bars in uptrends

BUT these are not sell signals , may be a sign of potential weakenss

the best place to look for no demand bars are after an upthrust ... like here in this example.

The other place to look for them is if a down move has started and we get a slight retrace up , 2nd charts eu

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  • #5,874
  • Mar 17, 2010 11:34am Mar 17, 2010 11:34am
Quoting mima
Malcolmb14, a few questions for you:
I have trial esignal and TG...I found that TG repaint ad some signals are not right ...just for example I found so many "no demand" and seams they are in wrong place...I am just learning..maybe Iam wrong.then there is long down candel with high volume and there is no signal....i would say it is missing signal...
tg is like everything , it is a program and not as good as humans. Of course there will be things going on in the charts that tg does not pick up
Blogging daily now at www.volume.zone
  • #5,875
  • Mar 17, 2010 11:41am Mar 17, 2010 11:41am
Quoting malcolmb14
tg is like everything , it is a program and not as good as humans. Of course there will be things going on in the charts that tg does not pick up
Thank you malcolmb14,
ND was just example...yes I look and filterout what I think is not in right place...I was just wondering if you found out similar situations...
..and those gold rectangles are weak signals? Could you please explain high churn volume in better volume?
The Market pays you to be disciplined
  • #5,876
  • Mar 17, 2010 12:02pm Mar 17, 2010 12:02pm
Quoting tonirai
Intel,

I'm at work now, but if you'll still need it, I have a pivot indi that draw the open/close/high/low of the previous session (you can select not to draw the pivots and other options), with the choice of the opening session's hour;
And I have a period converter to have all the offline TF that you wish, and that refreshes in real time.

Will be home in 2h or 3h.

Yes please many thanks
  • #5,877
  • Mar 17, 2010 12:48pm Mar 17, 2010 12:48pm
Quoting mima
Thank you malcolmb14,
ND was just example...yes I look and filterout what I think is not in right place...I was just wondering if you found out similar situations...
..and those gold rectangles are weak signals? Could you please explain high churn volume in better volume?
I am not sure what you mean by "not in right place" They sometimes hang around the extremes of the chart. I changed the setting of "ind standoff" to 0 and that fixed it.
  • #5,878
  • Mar 17, 2010 12:54pm Mar 17, 2010 12:54pm
Quoting Intel
Yes please many thanks
Here you go.
A few notes about their use:

Using the period converter:
- Open a M1 chart of the pair you wish. This M1 chart has to stay constantly open (can be minimized, obviously);
- Drag the period converter on it;
- On its inputs, you must select the period multiplier of the TF you wish to obtain (for example, choose 10 to obtain a M10 chart);
- Tick the "allow dll imports" and "allow external experts imports" on the common tab;
- Now go to "File", "Open offline", and choose the desired chart (M10).

Using the pivot indicator:
- This indicator allows you to choose the session time, draws pivots, mid-pivots, sweetspots (the round numbers), Fibos, camarilla;
- Change the above to true/false to draw the ones you want;
For the timezone:
- There are 2 parameters, "LocalTimeZone" and "DestTimeZone";
- The first one is to input the time of your platform, in GMT (for example, I'm GMT+0, so my input is 0);
- The second one was created to input the GMT+x of the session you wish, but this will reset the session at midnight (local time) - so if, as me, you wish to reset the sessions at, say, 17:00 local time, you must know what time is that on your platform, and input the difference to midnight...
Example:
My sessions ends at 17:00 local... that's 22:00 on my platform... so I input 2.

Anyway, it's easier to just play with that last input, until you see the vertical line where you wish it to be
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 404 downloads
File Type: mq4 SDX-TzPivots.mq4   23 KB | 411 downloads
  • #5,879
  • Mar 17, 2010 1:22pm Mar 17, 2010 1:22pm
quote=gez40;3560340]Mals law...lol, should be standard knowledge to anyone learning to trade, you are simply buying strength and selling weakness, basic stuff really same as buying pullbacks and selling rallies.

HA HA, Thanx Gez, been following Mal for many months now, with increasing succes

Just reacting to what i thought was some NEW mal info that i may have missed while on the move... BUT those are the basics so i havent missed much..LOL

Also I have been recording my trades this week, seems to help keep your focus and adhere to you rules better... is there any way to upload video into this thread??

would love to see Mal and others trade live to see whats going on those big brains while in action ...[/quote]
  • #5,880
  • Mar 17, 2010 1:23pm Mar 17, 2010 1:23pm
Quoting tonirai
Here you go.
A few notes about their use:

Using the period converter:
- Open a M1 chart of the pair you wish. This M1 chart has to stay constantly open (can be minimized, obviously);
- Drag the period converter on it;
- On its inputs, you must select the period multiplier of the TF you wish to obtain (for example, choose 10 to obtain a M10 chart);
- Tick the "allow dll imports" and "allow external experts imports" on the common tab;
- Now go to "File", "Open offline", and choose the desired chart (M10).

Using the pivot indicator:
- This...
You're a gent, many thanks.

I have a period converter but it doesn't update however, I dont keep the original open. I will try it.
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