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vsa with Malcolm

  • #201
  • Jun 18, 2010 6:04am Jun 18, 2010 6:04am
it smells up..but i m scared..i dont know how reliable dailyfx volume is..but it imply that low volume test down...

anyway my target is very humble..20-30 pips..

entered at 1.4823 1 hour ago..and waiting for 1.4850 at least..
Attached Image (click to enlarge)
Click to Enlarge Name: gu volume.JPG Size: 163 KB
  • #202
  • Jun 18, 2010 6:09am Jun 18, 2010 6:09am
Everything smells of polar bears in Hawaii to me at the top of the recent GU trend. Too many setups that we would normally go long on show up at the top, something smells funny.
  • #203
  • Jun 18, 2010 6:18am Jun 18, 2010 6:18am
Quoting frugal
it smells up..but i m scared..i dont know how reliable dailyfx volume is..but it imply that low volume test down...

anyway my target is very humble..20-30 pips..

entered at 1.4823 1 hour ago..and waiting for 1.4850 at least..
Hi Frugal

Nice to have you here. As fra as FXCM volume goes it has one of the most accurate volume indies I have seen. I was a student of a guy who developed his own software based on volume that had spent over 300K US on developing and feed. I just happened to have FXCM as my broker and compared them at the time. When his volume was 3000 on a 15 min bar the FXCM was around 1000 but as I compared them the higher vol and lower vol were the same with respect to the levels. Obviously they were not the same but close enough to trade from.

I didnt like the software cuz it didnt have the open and close on the candles but it was this guy who opened my eyes to the manipulation and how to trade it. Since then I have been studying VSA.

The best thing I can tell ya is to open a demo of FXCM MT4. You will have to renew it every month but that is easy.

good luck and happy pipin

hunter
  • #204
  • Jun 18, 2010 6:19am Jun 18, 2010 6:19am
Hi malcolmb,

Happy to see your own thread. You are the best using volume in Forex. I'll follow your explanations. I'll take the time this week-end to read all your posts. Go on bro, you give a good help to your followers.
No Signal, No Trade. No fundamenals, No headache.
  • #205
  • Jun 18, 2010 6:52am Jun 18, 2010 6:52am
Quoting Pip Hunterr
Hi Frugal

Nice to have you here. As fra as FXCM volume goes it has one of the most accurate volume indies I have seen. I was a student of a guy who developed his own software based on volume that had spent over 300K US on developing and feed. I just happened to have FXCM as my broker and compared them at the time. When his volume was 3000 on a 15 min bar the FXCM was around 1000 but as I compared them the higher vol and lower vol were the same with respect to the levels. Obviously they were not the same but close enough to trade from.

I didnt...
hi hunter

thanks for reply..

i just look at again http://www.dailyfx.com/charts/netdaniachart/ and suprised that volume chart is different than what i send above...it is total nonsense...i will check mt4 fxcm soon..

anyway, i still feel that they push prices higher soon due to option ezpritaions..but market is really nerve testing ...i m still in..

good luck!

frugal
  • #206
  • Jun 18, 2010 7:31am Jun 18, 2010 7:31am
Quoting frugal
it smells up..but i m scared..i dont know how reliable dailyfx volume is..but it imply that low volume test down...

anyway my target is very humble..20-30 pips..

entered at 1.4823 1 hour ago..and waiting for 1.4850 at least..

i exited position with -23 pip loss..
  • #207
  • Jun 18, 2010 7:35am Jun 18, 2010 7:35am
There's some sort of display bug with Netdania, in that if you have a high volume bar to the left it will make most of the bars to the right of it too small to be noticed. If you want to spot volume accurately, you need to zoom in so you only have 10-15 bars or so on the chart, then the volume will look right.

Hope it helps.


Quoting frugal
i just look at again http://www.dailyfx.com/charts/netdaniachart/ and suprised that volume chart is different than what i send above...it is total nonsense...i will check mt4 fxcm soon..

frugal
  • #208
  • Jun 18, 2010 7:49am Jun 18, 2010 7:49am
GBP, that was a massive volume spike selling an AB=CD
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  • #209
  • Jun 18, 2010 10:02am Jun 18, 2010 10:02am
this in gu had the reaction it was supposed to but really crazy high volume and was not sure if it was real or a data spike

I woke up late this morning being Friday and often I do not trade triple witching just cause of the crazy volatility.... however today there is no volatility ... yet anyway


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Blogging daily now at www.volume.zone
  • #210
  • Jun 18, 2010 10:07am Jun 18, 2010 10:07am
reliable source told me someone went long at 7:52 (im assuming eastern) 4000 lots of gold at 1252 and took it all the way to 1259

so might help decipher the crazy volume mystery
  • #211
  • Jun 18, 2010 10:11am Jun 18, 2010 10:11am
here is a chart showing the volume histogram and potential targets for today

Attached Image (click to enlarge)
Click to Enlarge Name: chart2357.png Size: 197 KB
Blogging daily now at www.volume.zone
  • #212
  • Jun 18, 2010 10:13am Jun 18, 2010 10:13am
Quoting boxingislife
reliable source told me someone went long at 7:52 (im assuming eastern) 4000 lots of gold at 1252 and took it all the way to 1259

so might help decipher the crazy volume mystery
news headlines
' Gold at new highs due to worries on global economy ' ... lol someone should tell the US stock markets this
Blogging daily now at www.volume.zone
  • #213
  • Jun 18, 2010 10:16am Jun 18, 2010 10:16am
Quoting boxingislife
reliable source told me someone went long at 7:52 (im assuming eastern) 4000 lots of gold at 1252 and took it all the way to 1259

so might help decipher the crazy volume mystery
thinkg the move in gold was out of the blue

look at the way tradeguider picked up the buyers right thru 1242.5 area ...

got to love vsa. when the signs are there and you know what you are looking at it is like taking candy from a baby.

Hope the London session treated you well .

Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 210 KB
Blogging daily now at www.volume.zone
  • #214
  • Jun 18, 2010 10:18am Jun 18, 2010 10:18am
Quoting malcolmb14
here is a chart showing the volume histogram and potential targets for today

Attachment
Hi Malcolm,

Can you help me with the question I had a couple of pages back on w hat triggers you to open the trade after examining the background?

You mentioned you wait until HMA turns. If you had already seen say an UT or No demand in the back and then HMA turns red, do you enter when it turns red regardless of what you are seeing on that bar in VSA terms or would you wait for another No Demand or UT?

Thanks for all your contributions, they are very valuable.
On a journey to consistency.
  • #215
  • Jun 18, 2010 10:35am Jun 18, 2010 10:35am
this is how i would have played gu and often is how I enter trades
I will post an es trade I just took in a min once I get stop be

Attached Image (click to enlarge)
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Quoting Tataocb
Hi Malcolm,

Can you help me with the question I had a couple of pages back on w hat triggers you to open the trade after examining the background?

You mentioned you wait until HMA turns. If you had already seen say an UT or No demand in the back and then HMA turns red, do you enter when it turns red regardless of what you are seeing on that bar in VSA terms or would you wait for another No Demand or UT?

Thanks for all your contributions, they are very valuable.
Blogging daily now at www.volume.zone
  • #216
  • Jun 18, 2010 10:36am Jun 18, 2010 10:36am
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Blogging daily now at www.volume.zone
  • #217
  • Jun 18, 2010 10:44am Jun 18, 2010 10:44am
Quoting malcolmb14
this is how i would have played gu and often is how I enter trades
I will post an es trade I just took in a min once I get stop be

Attachment
Thanks for the explanation, just one quick question, had that long up wick candle (resembling an UT) not been there but instead just a regular looking candle, would you still have entered below the MM line since HMA had turned red or would you have waited to see some sort o UT or ND?

Did you enter on the close of the candle that broke through the MM line or did you enter as soon as it broke through it?
On a journey to consistency.
  • #218
  • Jun 18, 2010 10:57am Jun 18, 2010 10:57am
Quoting Tataocb
Thanks for the explanation, just one quick question, had that long up wick candle (resembling an UT) not been there but instead just a regular looking candle, would you still have entered below the MM line since HMA had turned red or would you have waited to see some sort o UT or ND?

Did you enter on the close of the candle that broke through the MM line or did you enter as soon as it broke through it?

i did not trade this , but lets take a look at back ground .... on a 4 hour.

as we can see 1.4840 is sold resistance line

London open took her a bit above this in kind of a bull trap.

I would have sold just under .14860 with enough room to get stop break before price had potential support at 1.4840 , not waited for close of candle on 15 min but maybe zoomed down to 5 min for entry
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  • #219
  • Jun 18, 2010 11:12am Jun 18, 2010 11:12am
Quoting malcolmb14
thinkg the move in gold was out of the blue

look at the way tradeguider picked up the buyers right thru 1242.5 area ...

got to love vsa. when the signs are there and you know what you are looking at it is like taking candy from a baby.

Hope the London session treated you well .

Attachment

managed to close a few shorts from the lower 48s but overall boring day/weird

still chance to see a move but i dont know looks like the volatility will explode monday.

ive noticed lots of upthrusts on the 15 min since yesterday. means weakness is looming and after todays failed breakout i call a move lower early next week

just a vague vsa analysis from my part

just finished watching USA and SLOVENIA. americans did good especially tying the score in the last 10 min. 2-2
  • #220
  • Jun 18, 2010 11:14am Jun 18, 2010 11:14am
I am out of sell , my only trade for us

I think I will leave this to the birds for rest of day and go enjoy the day

have a good weekend everyone

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