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vsa with Malcolm

  • #241
  • Jun 19, 2010 9:26pm Jun 19, 2010 9:26pm
Quoting astral77
Hi

I am reading very interesting book by Timothy Ord, titled ""The_Secret_Science_of_Price_and_Volume". You can find it at
http://rapidshare.com/files/23488551...dl4all.com.pdf . Please ensure you have a origional copy of the book before downloading in order to ensure you are not in violation of copy right laws.

I thought this book may be of interest to the traders viewing this thread. I do not know how much it applies to forex.

Kind Regards
I read this book couple months back and found it very informative. I very much recommend that people read this book along with the MTM book. Mind you in this book Tim uses "Ord Volume" which he markets through his website to analyze Tops and Bottoms and changes in the trends.
  • #242
  • Jun 19, 2010 9:53pm Jun 19, 2010 9:53pm
Quoting astral77
Hi

I am reading very interesting book by Timothy Ord, titled ""The_Secret_Science_of_Price_and_Volume". You can find it at
http://rapidshare.com/files/23488551...dl4all.com.pdf . Please ensure you have a origional copy of the book before downloading in order to ensure you are not in violation of copy right laws.

I thought this book may be of interest to the traders viewing this thread. I do not know how much it applies to forex.

Kind Regards
I posted this before too but somehow it didn't get posted. I read this book few months back and found it really useful in terms of learning concepts of VSA. Tim uses "Ord Volume" which he markets through his website to predict tops and bottoms and price turns.
  • #243
  • Jun 20, 2010 1:04am Jun 20, 2010 1:04am
Hi Malc,

What do you think on that doji at daily GU?

we've got lowering volume as you can see on my chart.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 101 KB
...
  • #244
  • Jun 20, 2010 4:22am Jun 20, 2010 4:22am
Quoting bandung
Hi Malc,

What do you think on that doji at daily GU?

we've got lowering volume as you can see on my chart.

Thank you.
thanks mate for the chart, we were discusing how dukas volumes are close to esignal..

polomine and djarum, i ve checked daily volumes of dukas and compared to this tg chart, and they are almost the same.. at least daily volumes... and i can feel more confident...
just for information..
cheers...
  • #245
  • Jun 20, 2010 5:25am Jun 20, 2010 5:25am
bruceli, thanks for your infomation.

Since brokers use different daily session open time, IMHO the daily chart is less important that other smaller timeframe charts. Moreover, VSAers tend to use M15/M5 chart to make an entry/exit decision, so if you or other guys could provide your opions and comparison results regarding this, I would be highly appreciated.

Thanks again.

Quoting bruceli
thanks mate for the chart, we were discusing how dukas volumes are close to esignal..

polomine and djarum, i ve checked daily volumes of dukas and compared to this tg chart, and they are almost the same.. at least daily volumes... and i can feel more confident...
just for information..
cheers...
  • #246
  • Jun 20, 2010 9:55am Jun 20, 2010 9:55am
Quoting polomine
bruceli, thanks for your infomation.

Since brokers use different daily session open time, IMHO the daily chart is less important that other smaller timeframe charts. Moreover, VSAers tend to use M15/M5 chart to make an entry/exit decision, so if you or other guys could provide your opions and comparison results regarding this, I would be highly appreciated.

Thanks again.
right now, i cannot recommend actually one of them.. cause i also use dukas as recomended as before in vsa forum by shamus,malcomb,hiddengap,dr and other people who already compared it.. i think dukas is ok...
sorry for not being helpful now.. this is what i can do for now...
cheers..
  • #247
  • Jun 20, 2010 10:31am Jun 20, 2010 10:31am
It doesn't matter, friend.

BTW, justnow I found ibfx provides mt5 for testing. I installed it successfully but failed to open a demo account. I dont know whether it is due to the close market. What makes me interested in it is MT5 can draw M10 charts, which malcolmb prefers.

cheers

Quoting bruceli
right now, i cannot recommend actually one of them.. cause i also use dukas as recomended as before in vsa forum by shamus,malcomb,hiddengap,dr and other people who already compared it.. i think dukas is ok...
sorry for not being helpful now.. this is what i can do for now...
cheers..
  • #248
  • Jun 20, 2010 5:21pm Jun 20, 2010 5:21pm
Quoting bandung
Hi Malc,

What do you think on that doji at daily GU?

we've got lowering volume as you can see on my chart.

Thank you.
Just the doji itself is sign of weakness , and as you pointed out the volumew is also low indicating lack of buyers.

On 6b ( futures) Friday volume does not look low ...about the same as prior few days.

Looking at the daily pattern it could be a bear flag . I am looking for any sign of weakness for a move to test bottom of current channel at 1.4600 ish.

The move in gbp will all depend what the pros want to do with us markets and these are being pushed around alot recently with bad news dips being clearly bought last week.

Attached Image (click to enlarge)
Click to Enlarge Name: chart2363.png Size: 165 KB
Blogging daily now at www.volume.zone
  • #249
  • Jun 20, 2010 6:30pm Jun 20, 2010 6:30pm
Quoting malcolmb14
Just the doji itself is sign of weakness , and as you pointed out the volumew is also low indicating lack of buyers.

On 6b ( futures) Friday volume does not look low ...about the same as prior few days.

Looking at the daily pattern it could be a bear flag . I am looking for any sign of weakness for a move to test bottom of current channel at 1.4600 ish.

The move in gbp will all depend what the pros want to do with us markets and these are being pushed around alot recently with bad news dips being clearly bought last week.

Attachment ...
forgot to add we need to see reaction to the doji on daily GU ....

I think in this current market daily time frames are high to ply ....

60 min may be highest I play for now , but each to their own style of trading
Blogging daily now at www.volume.zone
  • #250
  • Jun 20, 2010 6:45pm Jun 20, 2010 6:45pm
The vix has dropped down to 24 meaning that market volatility should drop and we should see more ' normal' price action.

Normal means less of these massive up swings and down swings in a single day.

This means that we should be seeing about 140 t0 150 pip range days for gu.

The vix is the volatility index.

Seems the euro fears have evaporated for now.
Blogging daily now at www.volume.zone
  • #251
  • Jun 20, 2010 7:00pm Jun 20, 2010 7:00pm
up move seem to have stopped below MML 5/8 1.4893

so might go down to 1.4648 to test before asia session close ?


a pic is at

http://imepita.jp/20100621/316600
  • #252
  • Jun 20, 2010 7:34pm Jun 20, 2010 7:34pm
Quoting malcolmb14
The vix has dropped down to 24 meaning that market volatility should drop and we should see more ' normal' price action.

Normal means less of these massive up swings and down swings in a single day.

This means that we should be seeing about 140 t0 150 pip range days for gu.

The vix is the volatility index.

Seems the euro fears have evaporated for now.
Eventhough the VIX is based on implied volatiliy in options, it is not a good indicator for actual future volatility. I have seen explosions just when the VIX is close to its support levels.
"It details, perhaps better than other measures, the volatility of the market today but not tomorrow or the day after.”
http://www.businessweek.com/news/201...inyi-says.html
  • #253
  • Jun 20, 2010 8:26pm Jun 20, 2010 8:26pm
potential shake out 15 on gu ....

waiting for this candle to end and next candle

odd move in asia


if 1,4800 breaks looking for additional strength 4770

Attached Image (click to enlarge)
Click to Enlarge Name: chart2376.png Size: 177 KB
Blogging daily now at www.volume.zone
  • #254
  • Jun 20, 2010 8:46pm Jun 20, 2010 8:46pm
looking at this for London .... potential of anyway


right now potential stopping vol 15 and 30 gu , they may not be done with her yet....

hulls down so still holding sell .... but stop moved down due to potential strength

Attached Image (click to enlarge)
Click to Enlarge Name: chart2377.png Size: 207 KB
Blogging daily now at www.volume.zone
  • #255
  • Jun 20, 2010 9:51pm Jun 20, 2010 9:51pm
stopping vol working

entered trade 1.4828 , not as low as I would have liked

Attached Image (click to enlarge)
Click to Enlarge Name: chart2378.png Size: 112 KB
Blogging daily now at www.volume.zone
  • #256
  • Jun 20, 2010 10:19pm Jun 20, 2010 10:19pm
hello mac how you set hull ma thank you
  • #257
  • Jun 20, 2010 10:25pm Jun 20, 2010 10:25pm
if high friday breaks then we may see that 61.8 on daily

I will be looking for further strength on dips on 30 and 60 min

Attached Image (click to enlarge)
Click to Enlarge Name: chart2380.png Size: 158 KB
Blogging daily now at www.volume.zone
  • #258
  • Jun 20, 2010 10:32pm Jun 20, 2010 10:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart2381.png Size: 122 KB
Blogging daily now at www.volume.zone
  • #259
  • Jun 20, 2010 10:38pm Jun 20, 2010 10:38pm
Quoting popo
hello mac how you set hull ma thank you
setting one at 21 and one at 50

as you can see on this chart both turned green , trade 38 pip up , stop set be

looking for reaction at friday high

Attached Image (click to enlarge)
Click to Enlarge Name: chart2382.png Size: 235 KB
Blogging daily now at www.volume.zone
  • #260
  • Jun 20, 2010 10:40pm Jun 20, 2010 10:40pm
Hey malcolm,
with sincerity, i congratulate u for making 15,000 posts.
it's a first in FF.

i made a small computation...
if it takes u an average of 2 minutes to make a post, then u have shared with us 500 hours of your life.
if 3 minutes, then 750 hours.
i believe (with charts, searching, viewing, cross-checking & all) it takes u about 2-5minutes for each of your posts.
u may not notice it, but it's a lot of time.

Time is gold. you are sharing gold, Sir.
Thank you.
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