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vsa with Malcolm

  • #301
  • Jun 21, 2010 1:54am Jun 21, 2010 1:54am
Quoting Intel
Did you set a TP at 5030 Mal or are you doing it manually?

manual for now ....all that I am thinking can change if i do not see that vsa sign of strength I am looking for within 40 min of ftse opening ( 40 min is due to fact that most stocks markets manual for now ....all that I am thinking can change if i do not see that vsa sign of strength I am looking for within 40 min of ftse opening ( 40 min is due to fact that most stocks markets gap fill in the 1st 30 min .... ( called the 30 min open range). I have also day traded stocks before.

I am not bearish or taking sells ... even cheeky ones due to hulls being green and price being above the upper value area of friday ( 1.4880)
Blogging daily now at www.volume.zone
  • #302
  • Jun 21, 2010 1:58am Jun 21, 2010 1:58am
seems the buyers sitting right at 1.4895.....

see the wicks on the candles at each attempt to drop this is absorption of the sellers that we see from the upthrusts
Attached Image (click to enlarge)
Click to Enlarge Name: chart2395.png Size: 209 KB
Blogging daily now at www.volume.zone
  • #303
  • Jun 21, 2010 2:46am Jun 21, 2010 2:46am
stopping vol 1.4880

in a long 30 pip stop

Attached Image (click to enlarge)
Click to Enlarge Name: chart2396.png Size: 214 KB




Quoting malcolmb14
ok try and explain

ftse is Uk stock market

It has futures just like s and p does.

In asia es ( which is emini s and p ) has risen 18 points , this will also cause ftse futures to rise and for ftse index to open with a gap.

We know that indexes like to try and fill gaps as profit is taken and those that get left behind can hop on bus. so at ftse open we can expect an attempt at gap fill. , this would be logical and normal market behavior


if this happens it should drop gu. however if ftse...
Blogging daily now at www.volume.zone
  • #304
  • Jun 21, 2010 3:08am Jun 21, 2010 3:08am
Quoting malcolmb14
stopping vol 1.4880

in a long 30 pip stop

Attachment

to early on this one .. ftse still trying to close gap
Blogging daily now at www.volume.zone
  • #305
  • Jun 21, 2010 3:10am Jun 21, 2010 3:10am
bought some euro 1.2430
  • #306
  • Jun 21, 2010 3:16am Jun 21, 2010 3:16am
Quoting malcolmb14
to early on this one .. ftse still trying to close gap
Nice bottom reversal shaping up now though. With all the strength in the background seems to be going up. Went long in GU after this, also a 30 pip stop.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_15 Mins_snapshot.png Size: 16 KB
  • #307
  • Jun 21, 2010 3:17am Jun 21, 2010 3:17am
potential stopping vol

hulls still red so not best set up . Looking for sideways drift 1,4860 to 4880 then up move into new hod

Attached Image (click to enlarge)
Click to Enlarge Name: chart2397.png Size: 216 KB
Blogging daily now at www.volume.zone
  • #308
  • Jun 21, 2010 3:23am Jun 21, 2010 3:23am
Quoting malcolmb14
potential stopping vol

hulls still red so not best set up . Looking for sideways drift 1,4860 to 4880 then up move into new hod

Attachment

ftse still has a 50 point gap to fill at 5250

this is not allowing gu to go up yet even though some strength is showing up
Blogging daily now at www.volume.zone
  • #309
  • Jun 21, 2010 3:25am Jun 21, 2010 3:25am
Hey Mal,

I don't have access to any fancy indicators except the two on each side of my nose.. Just wondering, using a regular 21MA and eyeballing it's direction should be the same as a Hull's, right? Just without the color flavor.

I'm doing the same with volume, having only blue bars to estimate makes things a bit hardcore but it seems to work so far, makes my mind tick anyway..

Cheers

P.S. Go to sleep?
  • #310
  • Jun 21, 2010 3:32am Jun 21, 2010 3:32am
looking better

ftse found buyers 5300

Attached Image (click to enlarge)
Click to Enlarge Name: chart2398.png Size: 214 KB
Blogging daily now at www.volume.zone
  • #311
  • Jun 21, 2010 3:41am Jun 21, 2010 3:41am
I'm looking into currency correlation and found USDCHF to be the strongest negatively correlated pair with GU (and it's strongest positive correlations).

Here's what I'm looking on the chart, price drop would seem imminent on USDCHF. This means to me the GU strength is confirmed and should be looking for an up move.

I'm currently long in GU, GJ, EU, EJ and short in swiss. Lower position sizes than I'd use for a one-pair-only play, but risk feels more diversified.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CHF_15 Mins_snapshot.png Size: 18 KB
  • #312
  • Jun 21, 2010 4:00am Jun 21, 2010 4:00am
please hlep
Attached Image
  • #313
  • Jun 21, 2010 4:12am Jun 21, 2010 4:12am
Quoting popo
please hlep
I would scrub the 'volume' and just stick with the HMA - it will give you far more reliable signals.
I've got my pips - go get yours!
  • #314
  • Jun 21, 2010 4:18am Jun 21, 2010 4:18am
Quoting popo
please hlep
FXDD volume very close to Mal's charts. You could use an MT4 demo for the volume and then trade live wherever...
  • #315
  • Jun 21, 2010 5:15am Jun 21, 2010 5:15am
Quoting popo
(why my vsa is so different from mal) please help
Hello,
be realistic.
read my post below

Quoting supremeChaos
it's unrealistic to expect that u'll understand it completely after reading a few times.
the good news is, like in many things in life, that it's natural that u wont get it instantly.
sometimes, it takes little effort to understand something; sometimes, a significant amount of effort is needed.
....
  • #316
  • Jun 21, 2010 5:32am Jun 21, 2010 5:32am
Quoting BackTestDummy
I would scrub the 'volume' and just stick with the HMA - it will give you far more reliable signals.
?????????????????????

Are you sure this is the right thread to post that advice????
  • #317
  • Jun 21, 2010 5:40am Jun 21, 2010 5:40am
Quoting BackTestDummy
I would scrub the 'volume' and just stick with the HMA - it will give you far more reliable signals.
scrub, as in remove volume?
u are saying that in a VSA thread?!
if vol. is unreliable to you & u dont know how to read it, well it's not necessarily everybody's problem...

Quoting TC East
FXDD volume very close to Mal's charts. You could use an MT4 demo for the volume and then trade live wherever...
FXDD demo or live?
Thanks Sir!
  • #318
  • Jun 21, 2010 5:43am Jun 21, 2010 5:43am
Quoting supremeChaos
scrub, as in remove volume?
u are saying that in a VSA thread?!


FXDD demo or live?
Thanks Sir!
I'm looking at a live acct, so don't know if demo would be different actually, but the live is surprisingly close to Malcolm's vol bars...
  • #319
  • Jun 21, 2010 5:54am Jun 21, 2010 5:54am
Well done malcolm for this new thread. The cable GBPUSD was getting cliche with everyone showing off for nothing but coin tossing.
  • #320
  • Jun 21, 2010 6:21am Jun 21, 2010 6:21am
Quoting TC East
I'm looking at a live acct, so don't know if demo would be different actually, but the live is surprisingly close to Malcolm's vol bars...
FXCM demo is reasonable too.
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