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vsa with Malcolm

  • #141
  • Jun 17, 2010 9:30am Jun 17, 2010 9:30am
Quoting Nene
Does the big volume spike on E/U 15 min mean anything?

Jim
sugguestion...

always..
watch to see , where the next bar closes---
  • #142
  • Jun 17, 2010 9:32am Jun 17, 2010 9:32am
Quoting Nene
Does the big volume spike on E/U 15 min mean anything?

Jim
Philly Fed data candle.....
Trading Levels with WRBs
  • #143
  • Jun 17, 2010 9:55am Jun 17, 2010 9:55am
Cable's losing the bullish momentum in last half hour. PA now below the HMA. Also, failed to make an hourly close above 1,4810.

Low volume test of 1,4830 failed, followed by a bearish engulfing pattern on 15 minute chart.

Waiting for a conclusive break below 1,4755 to go short.
  • #144
  • Jun 17, 2010 10:03am Jun 17, 2010 10:03am
signs of weakness-- 2 bar reversal with no demand under the HULL(turned negative)
Took the trade---will scale out --TP POC,,@ .4746
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  • #145
  • Edited 10:55am Jun 17, 2010 10:36am | Edited 10:55am
Quoting malcolmb14
weakness showing up in gu

still not convinced of sells in gu yet weakness is there but lack of effort to drop in pa

Attachment
On your chart above,

We have a ND immediately after the Hulls turns red and with possible weakness in the background. What is your reason for NOT entering short here please?
  • #146
  • Jun 17, 2010 10:59am Jun 17, 2010 10:59am
Quoting malcolmb14
this is how tradeguider looked last night on gu

note arrows at bottom ....1.4650 they gave all set ups...

then once trend diamonds turned green even though we had signs weakness no short trades. This is very sim to the hulls I use in esignal / mt4 .... no selling if hulls is green , no buying hulls is red.

sure you miss some trades ... but 90% of the time saves your arse
I've been trading in a similar fashion lately...identifying weakness/strength and waiting for confirmation, as with your example HMA.

The way I do it is as an example: I first identify the strength, wait for the HMA to turn green, and then wait for a no supply bar or a low vol. test to go long.

However, sometimes price just takes off without showing any NS or low vol test after the HMA has turned green. And perhaps sometimes they showed up, but they did so before the HMA turned green.

So in a way, I trade like this:

Background ---> HMA ---> VSA Trigger (NS, low vol test, ND, UT)

Is this how you do it, or do you do it something like:

1. Background ---> HMA (open trade without waiting for VSA trigger)

2. Background ---> VSA Trigger ---> HMA (open eventhough VSA trigger appeared before HMA turned)

BTW, I define background as Hidden Sellers, Hidden Buyers, Stopping vol, Shakeout, 2 bar UT, bottom reversal.

Thanks for your help.
On a journey to consistency.
  • #147
  • Jun 17, 2010 11:15am Jun 17, 2010 11:15am
Quoting malcolmb14
I would post it for free but esignal programmers smart .... the indies tied to user name

try it .. but do not think it will work for you


Also as I have hulls for esignal threw that in there as well . If it does not work for you it is due to them being tied to my esignal user name


Attachment

Thanks Mal-
  • #148
  • Jun 17, 2010 11:23am Jun 17, 2010 11:23am
things are still lookin down for cable. saw lots of weakness near the top. im still short from 4801. had one from 4820 closed it around 4790

been a good day so far
  • #149
  • Jun 17, 2010 1:12pm Jun 17, 2010 1:12pm
I'm posting to garner some comments on EU today. I missed the move up...have to sleep sometime. Did sell at 1.24. Got bumped at BE and really never gave the trade a chance to work. Is OK....as did not have much time for charts today. But here is what i see with the VSA volume influencing the trade decision.

I guess what VSA told me was not to take the break below because of the stopping volume just prior to the break. The immediate reversal on strong volume was a buy immediately.

And the sell at 1.24 was a low risk trade with a stop just above the high. Had to wait for the confirming sell volume on that down candle.

Comments?

Cheers
CanuckCT

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  • #150
  • Jun 17, 2010 1:24pm Jun 17, 2010 1:24pm
Comments on this chart please.
Cheers
CanuckCT
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  • #151
  • Jun 17, 2010 1:53pm Jun 17, 2010 1:53pm
Quoting Intel
On your chart above,

We have a ND immediately after the Hulls turns red and with possible weakness in the background. What is your reason for NOT entering short here please?
well just the lack of effort to drop ....after seeing such weakness and with ES dropping like mad I woudl have expected gu to drop faster.

There was a 50 pip trade to be had if entering right at the top , but just the price actio nand the way that on the dips on a 5 gu was being bought kept me out of the trade. I did take aj sell for 50 pip but was on es most of morning

ES has been way easier although super volatile but adhering to levels 1110 then 1115 (yes high) then down to 1100 then back to 1109 9 yes close ) and then down.... now who says there is not auto trading lol

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Blogging daily now at www.volume.zone
  • #152
  • Jun 17, 2010 1:56pm Jun 17, 2010 1:56pm
Quoting CanuckCT
Comments on this chart please.
Cheers
CanuckCT
Attachment

aweosme charting ...

I also missed gu and eu moves as I was sleeping ..... but you seem to have them pretty well nailed on that chart

tomorrow is triple witching ( only happens 4 times per year) . i wonder if markets running up due to that , all bad news dip being bought. I bet a lot have calls form 3 months back before the tankage that they need to get rid of.
Blogging daily now at www.volume.zone
  • #153
  • Jun 17, 2010 2:02pm Jun 17, 2010 2:02pm
Caught a nice ride down on AUD.JPY and was able to buy the low. Exited a bit early. I'm a pure price action median line trader and have found VSA helpful in confirming turning points.
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  • #154
  • Jun 17, 2010 2:34pm Jun 17, 2010 2:34pm
Am I viewing this Euro 240 correctly. Upthrust with no demand, 2nd bar from last?
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  • #155
  • Jun 17, 2010 4:47pm Jun 17, 2010 4:47pm
►as someone said recently (malcolm?) first, start the analysis by finding recent high-volume, wide-spread bars. after a downmove they usually signify pros buying. so now you just look for confirmation of no supply (downbars are getting weaker on volume & spread) and then look for demand to start coming in (upbars are getting stronger). this is the basics of your signal to go long.

►pros sell at TOPS not bottoms. what is a top? a top is relative--a top becomes a top after some kind of upmove, probably at some major S/R area, with strength (buying) in the background that has not been sold off yet, and after demand has been shaken out. aye? am i good here?

►going off on the 'effort vs. results' thing, i imagine that moves are initiated by the crowd, then acted on by the professionals. e.g., price is trying to go down, pros either let it go OR pros absorb it right away (because they are bullish overall, and you should be too). think in terms of action/reaction and align yourself with the 'reaction.' this has helped my head start to flip, and care more about my idea of the pros' reactions (or policing of) the market than what price is doing on the chart. as price unfolds it's like keeping two running totals in your head--the prices on the chart, and the real mkt pressure going on behind the scenes.

but there are assumptions and caveats in this, for example pros may not be strong enough, or care to, absorb a huge downmove thus downspread may be high before a reversal, but volume will still be huge--this is the 'reaction', the buying it up. after this we assume more bullishness. (this is where i'm still fuzzy)

i hope i'm helping and am not off the mark on this stuff...
good trading everyone.
  • #156
  • Jun 17, 2010 4:52pm Jun 17, 2010 4:52pm
Quoting malcolmb14
aweosme charting ...

I also missed gu and eu moves as I was sleeping ..... but you seem to have them pretty well nailed on that chart

tomorrow is triple witching ( only happens 4 times per year) . i wonder if markets running up due to that , all bad news dip being bought. I bet a lot have calls form 3 months back before the tankage that they need to get rid of.
first of all, thank you very much for your new thread... it will be very easy to follow you

meantime, i am so sorry, i didnot understand what "triple witching" is...

please, can anybody answer my question ?

OK then, i ve found it...

"What Does Triple Witching Mean?
An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December.

This phenomenon is sometimes referred to as "freaky Friday".

so, volatile, no direction at all, then i can scalp very nicely in every direction

thankss
  • #157
  • Edited 5:43pm Jun 17, 2010 5:06pm | Edited 5:43pm
someone asked me why i did not sell Gu this morning even though we saw and I even posted potential weakness. This was all to do with reaction to that weakness. There was none , or at least very little anmd sure enough on a little dip in came the buyers .. or what it seems like. What baffles me is that that volumeo n the down move hsould have pushed market higher , so we are caught in sideways motion .. maybe till london when they may blast her up into 1.5000

Getting the pros buy weakness sell strength goes against what we want to see in the charts. Once you understand this concept and get to grips with it you are a long way on your journey to learning vsa.

Whenever I see ultrahigh volume on a down move I often move stop down close if i have profit or get out of trade even if i have loss. This morning i was in a sell aj close to the top but then I saw double pins on 15 min on ultra high vol coming in caused me to close for -22 pip , but then on an upmove we got hit with sellers and es dropped on news .. so made the 22 back plus a little bit.


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Quoting djarum11
►as someone said recently (malcolm?) first, start the analysis by finding recent high-volume, wide-spread bars. after a downmove they usually signify pros buying. so now you just look for confirmation of no supply (downbars are getting weaker on volume & spread) and then look for demand to start coming in (upbars are getting stronger). this is the basics of your signal to go long.

►pros sell at TOPS not bottoms. what is a top? a top is relative--a top becomes a top after some kind of upmove, probably at some major S/R area, with strength...
Blogging daily now at www.volume.zone
  • #158
  • Jun 17, 2010 5:08pm Jun 17, 2010 5:08pm
Quoting eesnard
Am I viewing this Euro 240 correctly. Upthrust with no demand, 2nd bar from last?
will check that in esignal feed later this evening for you
Blogging daily now at www.volume.zone
  • #159
  • Jun 17, 2010 5:41pm Jun 17, 2010 5:41pm
Quoting malcolmb14
someone asked me why i did not sell Gu this morning even though we saw and I even posted potential weakness. This was all to do with reaction to that weakness. There was none , or at least very little anmd sure enough on a little dip in came the buyers .. or what it seems like. What baffles me is that that volumeo n the down move hsould have pushed market higher , so we are caught in sideways motion .. maybe till london when they may blast her up into 1.4500

Getting the pros buy weakness sell strength goes against what we want to see in the charts....
It was me. Thanks for both the answer and the follow up!
  • #160
  • Jun 17, 2010 6:50pm Jun 17, 2010 6:50pm
Look at this daily. Is there any significance with each candle closing higher with small spreads on low volume. Maybe I just think I am seeing a big move down possible.

Jim
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