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  • #7,221
  • May 3, 2010 1:41pm May 3, 2010 1:41pm
Pretty much as exected on ES ,. The stopping volume Friday n a 30 min pushed her up 16 points today

Today on EU the daily futures have loiw volume down day , test . If the days closes above 1.3200 then very strong chance that low is in for the week. This is a daily chart and we need to wait for next bar for confirmation of the test
Blogging daily now at www.volume.zone
  • #7,222
  • May 3, 2010 6:32pm May 3, 2010 6:32pm
This was my trade from today. I saw some stopping volume followed by what looked like a shakeout (first yellow ellipse). So went long at 1.3773 and set my usual 30 pip stop and a 30 pip TP which was hit on the bar inside the second yellow ellipse. Since I had to leave immediately after setting up the trade I set a conservative 30 pip TP as opposed to my usual 40-50 pip target, and Im glad I did as price reversed about 10 pips above my TP.

Looking in hind-sight I notice that a second real shake-out happened two bars after my entry, but I was not at the computer to watch it.

BTW, when I see all of those no demand, no supply bars with such low vol and in a range, I take off the text signal from the indicator and wait for price to move and when I see a sign of reversal is when I usually trade.

I always keep a screenshot of my trades for my records, to analyze trades that worked and trades that didn't.
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On a journey to consistency.
  • #7,223
  • May 3, 2010 7:15pm May 3, 2010 7:15pm
Tata, which indi shows the text descriptions of the VSA bars?

i am all about trying to see them myself, but while i'm learning it might help reveal some i'm missing.

thanks
mark


Quoting Tataocb
BTW, when I see all of those no demand, no supply bars with such low vol and in a range, I take off the text signal from the indicator and wait for price to move and when I see a sign of reversal is when I usually trade.
  • #7,224
  • May 3, 2010 7:29pm May 3, 2010 7:29pm
Quoting djarum11
Tata, which indi shows the text descriptions of the VSA bars?

i am all about trying to see them myself, but while i'm learning it might help reveal some i'm missing.

thanks
mark
Hi, I sent you a PM.
On a journey to consistency.
  • #7,225
  • May 3, 2010 7:34pm May 3, 2010 7:34pm
Thanks for the welcome back and well wishes peoplez. Most appreciated

I see my beloved VSA is still performing extremely well across all pairs. The setups are literally smacking me in the face every time I open a chart.

Still on demo dollars ATM, but have doubled my account almost every day I trade so far

/me is a multi-monopoly-money-billionaire
  • #7,226
  • May 4, 2010 9:36am May 4, 2010 9:36am
Taking a look at the GBPUSD chart I am reminded of a saying by mr Gavin Holmes, "Professional money just sent us a telegram."
  • #7,227
  • May 4, 2010 10:05am May 4, 2010 10:05am
Hi,

Just found this thread on FF and Im impressed, I started to look at volume thx to a TG webinar and Ive improved my trading with your examples, thx to malcolmb14, Intel and many others that are willing to help us.

Just wanted to share my trade with you all, I trade on the 4hr and you had almost the same trade in GU also.

Comments are appreciated.

Thx again.
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Trade Smart
  • #7,228
  • May 4, 2010 1:49pm May 4, 2010 1:49pm
ok so if all this new massive volume on the drop this morning (any pair...) is BUYING then there can be 2 scenarios-

1. they are done buying and this rise we are seeing will continue (look for MARKUPS)



2. they want MORE, CHEAPER, FASTER i.e. more accumulation to come. won't happen until they let price fall on low volume back to the levels they were buying at last night then start scooping up more.... tests of supply will tell us...

am i on here? anyone..

PASR looks bearish though..upthrust on GJ M30, no real support level in sight on EU, etc.

aigh
mark
  • #7,229
  • May 5, 2010 2:16am May 5, 2010 2:16am
Quoting TwoBuckChuck
Thanks for the welcome back and well wishes peoplez. Most appreciated
...
/me is a multi-monopoly-money-billionaire
Very glad to see u maintain a cheerful mood amidst your setback
  • #7,230
  • May 5, 2010 3:27am May 5, 2010 3:27am
Quoting supremeChaos
Very glad to see u maintain a cheerful mood amidst your setback
Setback.......did you not hear the man.............he's a BILLIONAIRE!!!

Seriously tho, it's good to have you back TBC
  • #7,231
  • May 5, 2010 4:17am May 5, 2010 4:17am
Is it a distribution phase? Or long-expected bottom?

It should be noted that today's news from USA may be good.
So, as Tom tells us that news must be good to let SM lock in traders to poor position.

So, I expect price to go down and then may be we will see selling climax.

It is just my opinion and may be it is not correct.

What do you think?
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  • #7,232
  • May 5, 2010 4:59am May 5, 2010 4:59am
VSA failed to predict EUR or GBP recent sharp decline. So VSA not working anymore?
  • #7,233
  • May 5, 2010 5:43am May 5, 2010 5:43am
Quoting fxfei
VSA failed to predict EUR or GBP recent sharp decline. So VSA not working anymore?
The stupidity in this comment made me angry.
  • #7,234
  • May 5, 2010 5:48am May 5, 2010 5:48am
Quoting fxfei
VSA failed to predict EUR or GBP recent sharp decline. So VSA not working anymore?
Hi all, how has it been. it's been hectic for me when i return home to my new job posting but i try to post if i can find time.

Hi fxfei.

The followings charts of EU & GU shows "rejections of price level" all over the top. I hope these can answer part of your question. (not sure VSA is really a predictive tool but is very important in laying down some assumptions when planing your trades.)

Hi V_2008, i hope these answers part of your question from your previous post ref: http://www.forexfactory.com/showthre...00#post3692100



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Cheers!
  • #7,235
  • May 5, 2010 8:04am May 5, 2010 8:04am
Welcome back! Nice charts.

Quoting lascavel
Hi all, how has it been. it's been hectic for me when i return home to my new job posting but i try to post if i can find time.


Cheers!
  • #7,236
  • Edited 8:55am May 5, 2010 8:11am | Edited 8:55am
Quoting fxfei
VSA failed to predict EUR or GBP recent sharp decline. So VSA not working anymore?
I should like to mention that, in at least one article I've read,
politics always trumps economics. The rumors/news that Spain
was due for a huge bailout was enough to cause it to plummet and
radically overrode the prevailing sentiments in the market.

This sort of thing can happen regardless of the system you're using.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #7,237
  • May 5, 2010 8:40am May 5, 2010 8:40am
Nice to see you lascavel! Thanks for help!
  • #7,238
  • May 5, 2010 10:43am May 5, 2010 10:43am
Quoting lascavel
Hi all, how has it been. it's been hectic for me when i return home to my new job posting but i try to post if i can find time.

Hi fxfei.

The followings charts of EU & GU shows "rejections of price level" all over the top. I hope these can answer part of your question. (not sure VSA is really a predictive tool but is very important in laying down some assumptions when planing your trades.)

Hi V_2008, i hope these answers part of your question from your previous post ref: http://www.forexfactory.com/showthre...00#post3692100...

Always a pleasure, nice to have you back.
  • #7,239
  • Edited 2:07pm May 5, 2010 1:42pm | Edited 2:07pm
Quoting fxfei
VSA failed to predict EUR or GBP recent sharp decline. So VSA not working anymore?
Where did you expect it would go?
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  • #7,240
  • May 5, 2010 2:35pm May 5, 2010 2:35pm
Ok, it seems to be price ready to go north.
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